Thursday, June 18, 2009
This is a Crazy Stock Market
At this time, the stock market is plain crazy. 2 days ago I read that MTXX the company that makes Zycam nasal spray was in trouble. The nasal spray with Zinc in it was causing people to lose their sense of smell and was being recalled. You would think this bit of news would hurt a corporation. So I decided to short that Companies stock. Well, the stock just kept going up. It went up a dollar a share in just 2 days. Well, I played the waiting game to cover and finally today at lunchtime it started going down. So, I went back to work (a 10 min. drive) and by the time I got back to work it was halfway back up. I guess I will play the waiting game. Just goes to show you, nothing is a sure thing in this crazy market.