Election 2006: MIDS
Listen, I am just trying to entertain you.
Back to business. As I have stated many times, I expect balance of power (Republicans control the Senate and Democrats contol the House). If not, we are in for a surprise. If Republicans end up with total sweep, stocks will probably fall. Mr. Bush however, will have a field day! As much as I like the Republican economic agenda (low taxes, pro business), I do not wish for one sided total control. So, make sure you understand the election results before going to bed tonight.
Traders: I have QID action, just in case. At this point, there are more risk on the down side than up. The market seems to price in the balance of power. Anything that disturbs this will have consequences. I am covering my butt with the QID.
Today, I had the chance to buy more of MIDS at $0.82/share. As usual, I am lowering my average cost on this. Most investors have no clue what MIDS has to offer. Many are getting too tired of waiting and some are selling. Yes! I get to buy it from them at ridiculous prices. I am in the mode of heavily accumulating MIDS shares. Sometime in 2007, this will trade at much much higher price. This information is coming from purely my gut. There are no news available to justify my bullishness on MIDS. Please commit only the money you can afford to kiss away.
For the record, MIDS is a speculative play - I have said it many times. But, I think it has potential to double, triple and even quardruple in a year. I will be buying more and more as prices fall. My ultimate wish is for MIDS to go down to a quarter, maybe? This will be exciting.
I will be following the election results closely tonight.
Don't call me. I am going to savor every minute of the coverage. To me, this is more exciting than the Worldseries. See ya tomorrow.
P.S: Traders: if the market suddenly jumps tomorrow, go short. You know what I mean.
3 Comments:
Bought 2000 shares of qid at 54.81 today.
Had shorted 2000 shares of OMG at 57.25 ten days ago after reading your comment.
Covered 2000 of OMG at 50 today. With $ 14500 profit in 10 days , I need to start paying for your steak dinners.
I hope your CT Scan result are negative for any residual tumor.
Gus
Gus:
Thank you for sharing your success with us. Your keen sense of quick action is paying off.
I know people who lost money with the #1 mutual fund in America.
And believe me, I will get my steak one way or another : )
Oh, I got my QID: 2,000 @ $54.85
I will exit with $1 to $2 quick profit per share.
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