An event to behold

Last friday, the stock SIF gained over 80% in a single day. This stock has a float of a measly 2.82 million shares. Typically after these large gains, stock prices either fall sharply and then continue rising, or stay steady and gain more.

I couldn't find any technical indicator that would have predicted Friday's gain for SIF. This means that only an intraday trader or long term investor would have gained from the common stock. This begs the question, are intraday traders more profitable than day traders? I'm going to guess yes, because intraday traders can better time their entry and exit points, and these traders are likely to be more experienced than day traders.

Currently I've sold shares in AAV, TRT, and CSV because I think these stock prices will be steady or fall over the next few days (according to technical indicators, I'm not speculating). I also purchased shares in TEO hoping it's momentum trend will continue. TEO is an Argentinia telcomm company. The cell phone market in the US has got to be nearly saturated. Everyone seems to have a cell phone, so where is the potential for telecomm growth? You guessed it, not in the US.

I'm wondering that will be the next hot sector in the stock market? Will it be death stocks, companies that profit from death? Will it be health care as hospitals and elderly care homes struggle to keep up with the ailing elderly? Perhaps it'll be movies as hollywood continues to put out great films and the television studios air crap.