Market Watch (WATCH)

[75playa]

Covered ES ... ...

@ 1159.25 for a quick 2 more point.

8 Total ES points today.

[75playa]

Short ES again ... ...

@ 1161.25

[75playa]

Bought 2 more YG ... ...

1 @ 429.1 and 1 @ 429.2

That makes 8 total long at an average of 429.4625

[75playa]

Covered ES ... ...

@ 1158.25 for 6 points

[75playa]

Sold ES june ... ...

1 contract @ 1164.25

[75playa]

Bought YG june ... ...

4 contracts @ 429.6
2 contracts @ 429.5

[75playa]

Out at 1147.25 on both contracts ... ...

I was long 1143 and 1154...average 1148.5
Exited both @ 1147.25 for 6.75 loss and a 4.25 gain.
2.5 points total loss or <$125.00>

[75playa]

Added another @ 1143.

We are very close to trouble if we don't go up here...Very big trouble.

[75playa]

Long @ 1154.00...eom

[75playa]

Out @ 1157 for 7 points.

I should have held my YG short but they were pushing it early this morning and fooled me. I do much better when I don't watch.

[75playa]

Covered @ 437.5 for little to no gain.

Long ES @ 1150 (1 contract)

[75playa]

Short YG @ 437.8 for 3 contracts...

no stop

[75playa]

Covered both @ 1152.5...

That's 12 and 8.75 points respectively for a total of 20.75 ES points

[75playa]

Short ES from 1164.5 and adding one more at 1161.25. Stops at 1170.

Chart attached (ES 60 minute):

[75playa]

Test...eom

[thrifty]

Another chart for the jail bird...

http://www.cross-currents.net/outlook.htm

[thrifty]

Some long term charts,

http://www.sharelynx.net/Charts/USDJIND.gif

http://www.sharelynx.net/Charts/USSP500.gif

http://www.sharelynx.net/Charts/USDJIND1980.gif

[Joemoney]

EARLY BETA VERSION OF MARKETREPORTER.COM WORKING

Still need to add content, fix errors, and add two more sections. To be finished this week, and hopefully filled with content by next Monday.

Check out the new design here:

http://www.marketreporter.com/

[Joemoney]

mikeygold, You still on iHub?

[Joemoney]

US may seize Arab airports by force to attack Iraq: report
Mon Aug 12 2002 14:19:02 ET

BEIRUT, Aug. 12 (Xinhua)--Lebanon received a report from diplomatic sources saying that the United States would seize by force several airports in Arab states when it launches a war against Iraq, the An Nahar newspaper reported on Monday.

The report said that US President George W. Bush would unleash the military offensive in January 2003 as he has to wait the outcome of the midterm elections of the Congress in November. ``Bush prefers to have Arab support for his war to remove Iraqi president Saddam Hussein and the US forces would have facilities in several neighboring Arab airports,'' the report said.

''At any rate,'' it stressed, ``once zero hour comes, Bush will give the orders to use Arab airports by force for the military operation against Iraq if the need arises.'' Bush argued that without the US interference, the Arab countries, the Arab League and the UN Security Council would not have been able to oust the invading Iraqi troops from Kuwait in the 1991 Gulf War.

Meanwhile, the report revealed that the Bush administration has allowed Israel to strike back in the upcoming confrontation against Iraq if the Arab country fires Scud missiles at Israel like it did in 1991.

The report suggested that the Arab world should take the US war preparations against Iraq ``very seriously'' and recommended a diplomatic offensive by Lebanon to consolidate Pan-Arab camp.

Developing...

http://www.drudgereport.com/flash2.htm

[Joemoney]

SADDAM IS 160FT UNDER; TYRANT'S DEFIANT MESSAGE AS HE MOVES TO A BUNKER
Mon Aug 12 2002 11:16:45 ET

MIRROR

SADDAM Hussein is moving his Government into underground bunkers to prepare for a US and British attack.

From his hideout 160ft down, the Iraqi tyrant yesterday sent out a defiant message to the West. "If they come, we are ready," he said. "We will fight them on the streets, from the rooftops, from house to house. We will never surrender. "That is what Churchill promised the invaders threatening England. And that is what we can promise the crusaders if they come here."

The warning was delivered through Labour MP George Galloway during an interview an hour's drive from Baghdad.

Entire ministries are thought to be leaving their permanent headquarters, likely to be targeted for cruise missile attack, and moving into command bunkers.

Mr Galloway said communications between ministries and Saddam were being relayed by word of mouth to beat high-tech US eavesdropping.

http://www.drudgereport.com/flash1.htm

[Joemoney]

New site added.

Shell Companies - http://www.shellstockreview.com/ssrShellsBySym.htm

List of shell companies with information and links to more information.

[Joemoney]

MM, As I told you before, You are not welcomed on this thread. If you continue to post, you will be TOSed.

[Joemoney]

FTSE Rise Fueled by Banks

LONDON (Reuters) - Britain's FTSE 100 share index pushed higher on Wednesday, boosted by oils and gains in the heavyweight banking sector following solid results from Royal Bank of Scotland and Standard Chartered.

ck index futures signaled a firmer Wall Street opening and offset the effects of moderate late selling in New York overnight.

Banks added 19 points to the leading index, with sector giant Royal Bank of Scotland up 3.9 percent and Standard Chartered topping the blue-chip risers with an eight percent gain after the release of reassuring results.

"Royal Bank of Scotland's results are giving the sector a fillip, and they prove what a resilient company it is," said one dealer.

Oils gave a further 13 points to the leading index, with shares in BP and Shell each rising around two percent. But shares in drugmaker AstraZeneca extended Tuesday's sharp fall, edging down 0.9 percent as investors continued to fret about a likely delay to the U.S. launch of its cholesterol-lowering drug Crestor. A downgrade from investment bank Schroder Salomon Smith Barney to "neutral" from "buy" was also weighing on the stock, dealers said.

http://biz.yahoo.com/rb/020807/britain_markets_stocks_1.html

[Joemoney]

Microsoft to Reveal Windows Code

WASHINGTON (Reuters) - Microsoft Corp. (NasdaqNM:MSFT - News) will reveal hundreds of pieces of proprietary computer code from its monopoly Windows operating system in the next several weeks to comply with an antitrust settlement it signed with the U.S. Justice Department last year, the company said on Monday.

The software giant said the disclosures are part of its first steps to comply with the settlement that must still be approved by a federal judge and remains opposed by nine state attorneys general seeking stiffer sanctions.

Microsoft said it plans to disclose nearly 400 pieces of computer code and internal operating rules, previously kept secret, which outside software developers can use to write programs to run on Windows.

"With these new (disclosures), software developers will have additional development choices in designing their Windows programs," the company said in a statement.

http://biz.yahoo.com/rb/020805/microsoft_code_12.html

[Joemoney]

Morgan Stanley: Recession Risk Remains

HONG KONG (Reuters) - The U.S. economy could slip back into recession later this year on faltering consumer demand, with interest rate cuts again shaking the global financial markets, investment bank Morgan Stanley said on Thursday.

"There's a 40 percent chance that U.S. GDP growth could turn negative some time in the second half of this year," Stephen Roach, chief economist at Morgan Stanley, told reporters via a video conference from London.

"If that were to occur, one of the bigger surprises will be that the next move of the U.S. Federal Reserve will not be to tighten interest rates, but actually to cut interest rates," Roach said.

Morgan Stanley said it has revised down its estimate of growth in world trade volume in 2002 to 2.9 percent from an earlier 3.2 percent, and to 8.2 percent from 8.6 percent in 2003.

"That's usually a leading indicator of cuts we're about to make to our world GDP forecast. We have a very sluggish outlook for global trade growth," Roach said.

The U.S. investment bank is still forecasting global GDP growth of 2.7 percent in 2002 and four percent in 2003, but could soon revise the figures downwards.

Asian economies will be particularly hard hit given the region's high export dependency.

"There's a urgent imperative for Asia to focus increasingly on domestic demand. But it's very difficult to convert a culture of savings into a culture of spending. It's a long haul and it won't change over two to three years," Roach said.

Roach said the bank was retaining its baseline scenario of a seven percent depreciation of the U.S. dollar in each of 2002 and 2003, but hiked the chances of a "hard landing" to 15 percent from five percent.

Morgan Stanley defines a hard landing as the U.S. dollar depreciating by more than three percent per month.

"Like any overvalued asset whose fundamentals are negative, there's always the chance you could accelerate on the downside," he added.

The dollar has lost almost six percent of its value against the yen (JPY=) and 7.65 percent against the euro (EUR=) so far this year, weighed down by fragile stock market sentiment and a looming current account deficit.

It fell to a 17-month low of $0.959 against the euro (EUR=) on Thursday and remained vulnerable across the board.

"The U.S. dollar is in the early stages of a multi-year correction. It will take the dollar down at least 20 percent trade weighted, we've probably accomplished about one fourth of that move," Roach said.

http://biz.yahoo.com/rb/020620/economy_usa_recession_1.html

[Joemoney]

Eurostocks Near 9-Month Lows, NY Seen Down

By William Kemble-Diaz

LONDON (Reuters) - Weaker European markets hovered near nine-month lows by midday Thursday, dragged down by technology and telecom shares as U.S. stock index futures turned down amid doubts over the outlook for company earnings.

France Telecom and ARM Holdings led the fallers.

Dealers added that the specter of a double-dip recession had reared its ugly head after recent soft economic data, citing bearish comments by influential economist Stephen Roach of Morgan Stanley, and speculation that the next move in U.S. interest rates could be down not up.

While that is contested in some circles, the consensus among strategists was that there was no compelling reason for markets to head higher in the short-term.

"The scale of overinvestment in the boom period was so exceptional, we are now seeing an exceptional correction," said Antwerp-based Gert de Mesure, head of equity strategy at Delta Lloyd Securities.

A bounce in Finland's Nokia, after the world's biggest handset maker cut its sales forecasts but maintained its full-year earnings guidance, was short-lived as a deep gloom once again descended over the depressed technology sector, amid a U.S. anti-trust investigation into the global chip industry.

At 1122 GMT the FTSE Eurotop 300 index of pan-European blue chips was 1.9 percent weaker at 1,055 points, just eight points off last week's trough -- its lowest level since late September.

The narrower DJ Euro Stoxx 50 index shed 2.41 percent.

Europe's technology and telecom sectors were broadly back to levels last seen in 1997.

Fund managers, nonetheless, were reluctant to throw in the towel, citing areas in the old economy such as food & beverage and basic resources that had exhibited good capital discipline and were benefiting from an improvement in underlying demand.

They also noted that valuations in higher tech areas had improved as a result of recent market weakness.

"The market is still rewarding those sectors that deliver on their guidance and are even accelerating their earnings guidance, but some value is also beginning to appear in more depressed sectors, albeit very selectively," said Sarah Austin, a European equities fund manager for Barings Asset Management.

TWIN TELECOM TRAUMA

France Telecom said it had reached a tentative debt restructuring deal with lenders to its embattled German mobile operating partner MobilCom in return for a security convertible into the French company's shares.

No further details were available and the deal has yet to be signed, but that did not stop shares in France Telecom slumping by nine percent to new all-time lows.

BT fell 3.3 percent after Britain's telecoms regulator said competitors to the former monopoly would be allowed to offer a full phone service, including line rental and calls, through a new wholesale access product.

In a note, Bear Stearns said the move could have negative implications for BT.

Nokia fell 3.7 percent after the Finnish telecom equipment group lowered its forecast for second-half sales growth to "up to 10 percent" from an earlier forecast of at least 15 percent.

The stock earlier traded more than four percent higher in a knee-jerk reaction to news the Finnish group remained comfortable with its earlier stated guidance for full-year pro-forma diluted earnings-per-share of 0.83 euros.


CHIPS ARE DOWN

Staying in tech, chip makers and chip-related stocks were still spooked by Wednesday's news U.S. antitrust officials are investigating the $12 billion global memory chip industry.

German chip maker Infineon Technologies and British chip designer ARM fell 6.25 percent and 9.5 percent respectively.

Elsewhere, shares in Reuters Group hit an eight-and-a-half-year low as investors took fright at a plan to step up its cost-cutting drive.

The world's biggest provider of financial news and information said it would cut another 650 jobs to save an extra 100 million pounds a year -- but media analysts said some investors had taken the move as a sign revenues were under increasing strain.

Weak British retail sales data, meanwhile, gave investors a reminder about the fragile state of the economic recovery in Europe at a time when policymakers are thought to be considering a rise in local interest rates.

British clothing retailers Next and Marks & Spencer fell by 3.1 percent and 3.7 percent respectively.

Switzerland's second-biggest bank Credit Suisse fell 1.7 percent after it injected capital into its Winterthur insurance unit.

Credit Suisse said it was putting 600 million Swiss francs in fresh capital into Winterthur to reinforce its solvency margin, which had fallen due to negative financial markets and strong growth in its business.

http://biz.yahoo.com/rb/020620/markets_europe_stocks_6.html

[Mattu]

Pretty impressive article on Rumsfeld....

http://story.news.yahoo.com/news?tmpl=story&u=/ap/20020619/ap_on_go_ca_st_pe/rumsfeld_money_6&am...

[Joemoney]

Nasdaq T/A

Currently at 1496. The yearly closed low is 1423, trading low is 1387. Expect the Nasdaq to atleast fall below the closed low (1423) within 2 weeks. Look at previous rally attempts (shown in chart below). All previous rallies failed because Nasdaq was not bottomed out. Look for bottom before rally can succeed.

On the chart below, the blue line is the short term support line. Notice how it is not steep enough for the Nasdaq to fall below about 1400 (in a reasonable amount of time), which is close to the 1423 and 1387 support lines I mentioned.

Let's see what happens when the Nasdaq bottoms out (hopefully) in a week or so.

[Joemoney]

Alert (Long) - IMNY

Stochastic (daily) breakout and soon to be breakout on weekly chart. MACD (daily & weekly) also trending higher. But under 3.50, and sell over 5.50, IMO.

Here is the weekly stochastic with candlesticks.

[Joemoney]

Alert (Short) - USNA

Totally topped out on MACD and Stochastic. Momentum moves in a zip zag motion, and is currently topped out again. You can use support and resistance for reading momentum patterns too! USNA is also near it's resistance level too that was established back in January of 2000. Short it to about 5 or until momentum bottoms out.

[Joemoney]

If anyone is interested in seeing any other Proposed Rules by the SEC. Here is the link: http://www.sec.gov/rules/proposed.shtml

[Joemoney]

6/15/02 - New Site Added To Research Links

The site is called Wealth-Lab.com (http://www.wealth-lab.com/ ). I found this site to be very unique and to offer a great new approach to technical analysis. Members of the site submit scripts that follow a certain trading pattern, and you type in which stock you want to execute on that script, and it tells you how well that trading script would have done with that stock. It's very interesting. The site also includes many other T/A related features.

http://www.wealth-lab.com/

It's free to sign up and use for the most part, but their script building/testing software is $650. The software is only for those who wish to program scripts and submit them. I wouldn't recommend buying it unless you have extremely serious about it. It's not a necessity.

[Joemoney]

This board certainly has an open attitude

It's not run by communists/RB admins. Anyone is welcome to post here as long as they follow the RB TOS, with the exception of cursing. I believe cursing should be allowed, as long as it not directed towards someone.

And then considering the unusually flowery closing of the submitted document:

I don't understand why you posted that. I wrote my letter assuming that they do take into consideration the public's opinion, so if they do actually do such a thing, my letter is properly formatted.

I would imagine that the SEC, like most corporate organizations, would have their staff back-check the writer's address to it's P.O. Box in S.E. Nebraska, check for business licenses and/or corporate registrations, do a cursory search through Who's Who, and then weight it appropriately in their deliberations.

What would it matter who it's from? I may have a better understanding on the situation than President Bush, but because he's the leader of the free world, does that mean they should listen to him instead? Ofcourse not.

Always nice to see someone giving it the old college try, however.

Keep up the good work.

I don't understand that comment, and I sense sarcasm. I think you should be careful what you say on iHub, your online image is already on edge. Personal attacks won't improve it.

[Joemoney]

Sometimes you make us think you are schizo.

I actually saw a commercial on television yesterday that was directed towards parents to give them clues to see if their kids were on meth. Some of the "clues" described my lifestyle! LOL Paranoia, long periods of time w/o sleep, then taking long naps, and a few others. I had to double check to see if I WAS on meth, LOL. I'm not on meth though, lol.

And you really are reading all of my posts, LOL. yikes.

[Mattu]

Damn, Joe. Sometimes you make us think you are schizo. You can write so well and be so dang intelligent. And other times....

Excellent letter though.




From: marketreporter [[e-mail]]
Sent: Wednesday, June 12, 2002 4:06 AM
To: marketreporter; [e-mail]
Subject: Rule Comments (S7-17-02) - .txt file attached

Comments on Rule: S7-17-02 "Proposed Amendments to Investment Company Advertising Rules"

To the Securities and Exchange Commission,

It has come to my attention that you have proposed a rule/amendment regarding the
SEC's policy towards advertising for investment companies. I personally, am glad that
such a matter has come to your attention, especially in such a weary market. The fact
that many, or perhaps all, investment companies lack the moral sense to disclose the
details behind their performance is a problem which causes many people to be misled into
services they would not otherwise be interested in, such as a high risk mutual fund.

A typical example of this would be an investment company advertising its mutual fund's
6 month performance from the date September 21, 2002 (post-9/11/02 low) to March 21, 2002.
During this time period, the Nasdaq gained approximately 31%. For the sake of argument,
we'll say that this mutual fund's gains ran parallel with the Nasdaq. The investment
company would then go and advertise it's 6-month, 31% gain either on television, in print,
or where ever else. The potential clients that would see this advertisement, would then
be falsely informed and would not know that the performance advertised by the company was
altered and such returns were not typical. The current disclosure used by most investment
companies "Past performance is no indication of future results," is not enough and does not
at all give details about the company's specific performance. My example may have been an
extreme case of such deception, but nonetheless, is still a reasonable and realistic case.
Other investment companies may not be as bold, but deception is deception, no matter how
extreme it is.

I personally, would like to see the SEC set a standard time period for advertising
performance. For example, all investment companies would be required to only advertise
their performance during an SEC approved time period, which the SEC believes is a
balanced period that would reflect average returns in the stock market. This would defeat
the altering of dates on investment time periods to improve market returns. An expert
SEC panel would analyze the market to choose a proper time period that would be fair and
average. Investment companies misleading investors should not at all be allowed.

I support your actions.

Thank You for your time,

Joseph M. Jaros Jr. a.k.a. Joemoney
Investor
President/CEO of MarketReporter.com
& United States Citizen

[Joemoney]

SEC Just Posted.

http://www.sec.gov/rules/proposed/s71702.shtml

I wonder if they actually take into consideration any of the suggestions/comments, or just post them to give the public a false sense of "say so" in SEC matters.

[Joemoney]

SEC Comments Submitted

I made the following comments on this proposed rule:

http://www.sec.gov/rules/proposed/33-8101.htm

I will inform this thread of when it is published on the SEC website (http://www.sec.gov/ )

Comments on Rule: S7-17-02 "Proposed Amendments to Investment Company Advertising Rules"

To the Securities and Exchange Commission,

It has come to my attention that you have proposed a rule/amendment regarding the SEC's policy towards advertising for investment companies. I personally, am glad that such a matter has come to your attention, especially in such a weary market. The fact that many, or perhaps all, investment companies lack the moral sense to disclose the details behind their performance is a problem which causes many people to be misled into services they would not otherwise be interested in, such as a high risk mutual fund.

A typical example of this would be an investment company advertising its mutual fund's 6 month performance from the date September 21, 2002 (post-9/11/02 low) to March 21, 2002. During this time period, the Nasdaq gained approximately 31%. For the sake of argument, we'll say that this mutual fund's gains ran parallel with the Nasdaq. The investment company would then go and advertise it's 6-month, 31% gain either on television, in print, or where ever else. The potential clients that would see this advertisement, would then be falsely informed and would not know that the performance advertised by the company was altered and such returns were not typical. The current disclosure used by most investment companies "Past performance is no indication of future results," is not enough and does not at all give details about the company's specific performance. My example may have been an extreme case of such deception, but nonetheless, is still a reasonable and realistic case. Other investment companies may not be as bold, but deception is deception, no matter how
extreme it is.

I personally, would like to see the SEC set a standard time period for advertising performance. For example, all investment companies would be required to only advertise their performance during an SEC approved time period, which the SEC believes is a balanced period that would reflect average returns in the stock market. This would defeat the altering of dates on investment time periods to improve market returns. An expert SEC panel would analyze the market to choose a proper time period that would be fair and average. Investment companies misleading investors should not at all be allowed.

I support your actions.

Thank You for your time,

Joseph M. Jaros Jr.
Investor
President/CEO of MarketReporter.com
& United States Citizen

[mikeygoldisback]

Mon 8:36am CTXS Washington School Information Processing Cooperative Provides Remote Web-based Application Access with Citrix MetaFrame XP - Business Wire
Mon 8:36am CTXS Citrix Delivers Remote Access to Instructional Resources for Schools in Plano, Texas - Business Wire

[Joemoney]

stocko4949, Looks like your DNAP is starting to get some noticable revenue in.

http://biz.yahoo.com/fin/l/d/dnap.ob.html

Their next quarterly report will be interesting. I don't however, like the fact that they are issuing so much stock.

During the first three months of 2002, we issued 5,055,555 shares of common stock for $271,000.
http://www.edgar-online.com/bin/edgardoc/finSys_main.asp?dcn=0001070876-02-000031

I was never a fan of companies that issue stock only to raise money to fund operations. But I don't see any other major concerns in their recent 10-q filing.

Joemoney

[Joemoney]

mikey, I'm glad you've found CTXS.

I strongly believe in the $20 price target, and without irrational exuberance, I believe $20 is quite modest. This current CEO situation is a great time for investors to step in. This is a very attractive price, IMO.

http://finance.yahoo.com/q?s=CTXS&d=t

Joemoney

[mikeygoldisback]

Gerard Klauer Mattison & Co., Inc.
CTXS: reit buy - TGT$20; Yesterday, we hosted a client breakfast with several members of the Citrix management team following the launch of the company's Nfuse Elite product launch in New York on June 3. We view the Nfuse Elite access portal opportunity as attractive and believe it could spur additional MetaFrame sales.

[Scrooge McDuck]

Joe,
It appears that Lord Ernie is a member of or runs one or two investment clubs.
One seems to be in Belgium and another in Flanders,(wherever the hell that is).

I've been receiving his newsletters for some time,(two years?) and he always seems to have good information that's ahead of the rest of the investment community.

I couldn't tell you if his newsletters catch Penny plays at the beginning of a trend or if his newsletters start the trend,
but, as far as I can tell, his information always seems to be complete and accurate.

Based on the information that GECC management has been putting out, the investor interest would have been there anyhow.
Lord Ernie just found it first.

With Penny Stocks it's always a good possibility that management is running some kind of scam.
As for GECC, my jury is still out.

[Joemoney]

You're banned from Market Watch until you stop this parade of idiot posts.

Market Watch - http://www.investorshub.com/boards/board.asp?board_id=768
Intelligent conversation regarding anything market related.

[thrifty]

Sorry, I don't express myself that well. eom

[Joemoney]

no, You replies just don't make a whole lot of sense.

Market Watch - http://www.investorshub.com/boards/board.asp?board_id=768
Intelligent conversation regarding anything related to the markets.

[thrifty]

1393 geeze do I sound that bearish? LOL eom

[Joemoney]

thifty, I think we can rule out the market going into a deeper recession by just looking at the fact that there won't be any nuclear bombs dropped in the middle east. What America needs is to feel safe from terrorists, and that is going to be the markets main concern for a while. If nothing happens between now and December of 2002, I can see the market beginning to feel a sense of comfort and safety. However, let's hope the government stays on "paranoid" mode, as it is right now.

Joemoney

[Joemoney]

Scrooge, Do you know where Lord Ernie's newsletter campaign for GECC started?

http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=gecc&sid=0&o_symb=gecc&f....

Interesting volume pick up. I'm curious to know if these people are investors just finding out about it, or victims of newsletter spam.

And looks like a bottom is @ .03.

[Joemoney]

thrifty, Are you asking which sectors would lead if the market fell to the 1393 bottom? Or the 661 bottom?