Posted on September 30, 2008 - by andrew
Market Update - September 29th 2008
The rally is dead now after markets suffered one of the worst days in history (…again)

Concur Technologies (CNQR) has been a bright spot during the market’s recent correction. It’s a member of the Computer Software-Enterprise group and has superior marks in Investor Business Daily’s Smart Select Ratings. CNQR is one of the growth stocks on my watch list that I’m really, really excited about!!!
The rally is dead now after markets suffered one of the worst days in history (…again)
The rally was confirmed yesterday after indexes made sizable gains on higher volume. But leaders lagged… investors should proceed cautiously.
Monday’s action was a close call for the rally. The markets suffered big losses, but thankfully volume was extremely quiet compared to Friday’s.
Bulls were in control and going strong on Friday. Building off of Thursday’s monster gains, Friday’s session proved to be very encouraging for the new rally and kept the momentum going.
The markets made huge gains yesterday after a volatile start. Good news about the credit crisis caused a huge surge in volume that vaulted stocks into huge gains.
Concur Technologies (CNQR) has been a bright spot during the market’s recent correction. It’s a member of the Computer Software-Enterprise group and has superior marks in Investor Business Daily’s Smart Select Ratings. CNQR is one of the growth stocks on my watch list that I’m really, really excited about!!!
If you’ve been following the market’s behavior over the last month, you already know that July’s rally stalled and is now a correction. I wanted to give a quick update on the stocks I analyzed recently:
If you’ve ever suffered a losing streak when buying stocks, you may have felt like stocks were just out of your control. After all, it’s not your fault that oil is going through the roof and the mortgage mess is spreading like wildfire. Often times the market is out of your control. However, you are [...]
At some point all of us have heard that it takes discipline to become a successful investor. Disciplined investing usually refers to how well an investor follows the rules of his trading strategy. Most of the time, however, this discipline only comes after making big mistakes and taking big losses.
Concur Technologies (CNQR) has been a bright spot during the market’s recent correction. It’s a member of the Computer Software-Enterprise group and has superior marks in Investor Business Daily’s Smart Select Ratings. CNQR is one of the growth stocks on my watch list that I’m really, really excited about!!!
If you’ve been following the market’s behavior over the last month, you already know that July’s rally stalled and is now a correction. I wanted to give a quick update on the stocks I analyzed recently:
Sold all of my OSIP for the following reasons:
Lost -8%. I have a -8% loss rule. I had to stick to it.
Added to my position in OSI Pharmaceuticals for the following reasons:
After pulling back on very low trading volume the past 2 weeks, OSIP crossed a $53.56 buy point on big volume this morning (+100% above average daily volume).
I wanted to add to my position because OSIP was still close to the old buy point of [...]