The Dow Jones closed yet again in the red by 162.79 to land at 10,620.16. The Dow was in the red 240 points at one time today. There are alot of worries that the market is going lower, but i believe this is just a dip worth buying into.



Bank of America (BAC)- closed friday at $16.34 after taking a 3.14% loss. Theres been alot of pressure on the banks and they are taking a tumble so at these prices i think BAC is a buy. It can easily run back to $17 when we get another up day. My suggestion is to buy BAC at this price and get ready to take your profit at around $17.

Citigroup (C)- closed friday at $3.99 after taking a 2.44% loss. In April, C hit $5.00 a share and has been falling ever since. There is alot of room for C to run but it wont get to $5.00 soon. Citigroup is a stock i would invest in to hold till $5.00 but i would also be a trader of it along the way. Below $4.00 is a strong buy! I would say anything around $4 is a great place to load up and get ready to dump it at about $4.20 for some quick profit.

Research In Motion (RIMM)- closed friday at $66.16 after taking a .21% loss. I think anything around $66 is a strong buy! But be ready to dump the stock around $69 before it falls back down to the $66 area. If RIMM can close above $70 i would consider buying the stock again to ride it out even higher.

Ford (F)- closed friday at $12.11 after taking a 2.50% loss. I think Ford has limited downside, but the upside is phenomenal. Your looking at resistance at about $13.18 which allows for some nice profit. I strongly think Ford is a safe buy at these prices and just hold them till about $13.00. once we get to $13 id be paying close attention to see if it holds around there. If it can close above $13 for a couple sessions id jump back in to ride it higher.

DryShips (DRYS)- closed friday at $5.20 after taking a 3.88% loss. Because i believe this dip is just temporary i think DRYS is a strong buy at this price. When it closes above $5.50 expect it to climb back to $6 in a hurry. You can play this stock two ways, buy and hold till $6+ and/or buy now and put you sell order in for $5.50.

Advanced Micro Devices (AMD)- closed friday at $8.79 after taking a 6.69% loss. I would load up on AMD! At these prices its a steal. This stock will easily be trading back to $9.50 shortly, and thats a nice return! If it can close above $9.50 the next resistance will be higher at around $10. Im a strong buyer here at these levels.

Sirius XM Radio (SIRI)- closed friday at $1.07 after gaining .94%. If we see this stock trade back down to $1.00-$1.02 I would buy it up and be ready to sell it at $1.07. Thats a 5% profit!

Sprint Nextel (S)- closed friday at $4.34 after taking a 2.69% loss. Sprint is a great stock to trade. If we see a correction back down to $4 i would load up on it! Sprint loves to dip to $4.00 or just below and than run up to the $4.30's, thats almost a 10% gain!

Green Mountain Coffee Roasters (GMCR)- closed friday at $75.85 after taking a 2.44% loss. GMCR is setting up for a 3-1 stock split this coming week. When stocks split they usually jump in price because it becomes more appealing to investors at a lower price, but when splits occur alot of times institutions sell them off causing the price to decline sharply so dont get stuck holding it! But i would be a buyer of GMCR going into the split to catch the bounce.

AMR Corporation (AMR)- closed friday at $7.16 after taking a 1.65% loss. I would be a buyer of AMR at this price and if we see it dip to $7 or below i would buy even more. My advice would be when you buy the stock at this price allow it to get up to about $7.40 and consider dumping it. For longer term AMR can run closer to $8.00.

FreeSeas (FREE)- closed friday at $1.31 after taking a 5.07% loss. This stock took a big hit today and thats why its on my radar. This is a great stock to trade and at this price of $1.31 you need to add it to your portfolio. When FREE comes down to this price it finds itself getting bought up and climbs back to the $1.40's. Id be a buyer now and watch it very closely when it reaches to $1.40 and consider taking profit!