chartchartchart
MARKET OVERVIEW U.S. Canada U.K. Germany Japan China
Economy Expanding Recovering Recovering Recovering Expanding Expanding
Stocks Ca Bu Ca Br Ca Br Ca Bu Ca Br Ca Bu
Performance 2012 +1.9% -3.2% -4.0% +7.5% +1.5% +1.5%
Current Cycle Oct-3 +17.3% +1.7% +3.7% +16.9% +0.01% +11.7%
Current Trend Correction Possibly Br Possibly Br Correction Possibly Br Correction
USD Currency - Ca Bu Ca Bu Ca Bu Ca Br
updated May-27. source data: BEA, OECD, Bloomberg

Thursday, October 13, 2011

Blockbuster Shares: Stay Far, Far, Away

Blockbuster (BLOAQ) shares have resumed trading on the pink sheets today. I would advise you to stay as far, far away from them. They are worthless because they are NOT part of the liquidation process.

I wouldn't even purchase them for a cent. Not even 1/1000th of a cent. Why? Because I would have a very, very difficult time turning around and selling them for a profit. And, there are far too many other low risk but profitable trades to be had on the NYSE, Nasdaq, and TSX exchange.

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