I went through a couple of scans last night and filtered out a list of potential buys.
One stock that showed through was Citigroup. It has just bounced off its support at $30, which has been tested twice in the last month or so. I am looking to put a stop just under $30 and a target price of $33.
Among others, LDK also looks like a good buy.
I think it would be better to let the Dow Theory take place before executing the long position.
The first low was 29.50 and the second low was 29.34. The low momentum has not bottom yet in this scenario. Patience pays!
Alfred Chew
http://mylevel2quotes.com/
Ahh..You are probably right Alfred.
When I saw that it was still under its open midday, I ended up not executing this trade.
Patience does pay! Thank you for your comment.