It is great to have a market bounce this morning–just wish it was a bit more restrained (can’t please me I guess).
I have 4 buy orders in now, but am not going to chase hard–all of the stuff I identified over the weekend moved higher quickly–so I will just adjust orders as necessary and hopefully pick up a few sock drawer utilities baby bonds.
I also have an order in for one CEF preferred (GGZ-A) 5.45% Gabelli Small and Midcap Value preferred.
I note that some folks did some buying last Friday and in some cases have already sold. I did sell one issue just now for a tidy $1/share profit, but it was the common shares of BGS Foods (BGS) which I bought last week–purely speculative, and since I don’t often hold common shares I was out with my $1.
As we look ahead this afternoon and tomorrow I suspect we could see some giveback in these markets–but who knows for sure. Some up and down seesaw action would actually please me–maybe would allow me to execute some buys.