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Here ya' go Dave, have Three!...Sorry it took so long...
I was feedin' my face...Enjoy!
I'm no Jim Cramer (LOL), but I think it's going to be OK...
I don't really believe we have moved into the 'Bear' yet...
Friday was 'Options Expirations' being the third Friday of the Month, and Volatility is to be expected that day...
Only 20% of the S&P 500 Companies have reported so far this year, and next week is the busiest week for them to report out of all the weeks this time, so I'd expect some Good Reports to be coming...
The price of Oil is finally showing up, and will hurt some of these Companies, but not all...
Consumer Confidence numbers that came out Friday for January was 93.4 versus 91.5 for December...
http://www.investorshub.com/boards/read_msg.asp?message_id=9339441
I'm calling for a 'Dead Cat Bounce' next week, as the Market needs an Oversold Rally...Where it goes from there depends on a lot of things, but mostly how the rest of the Companies Report for the rest of this Season...
Good Luck To ALl ;^))
That was our standard set-up for the dirt track...
I used to belong to a racing team that used Chevy Monte Carlos exclusively, and that's the way the head mechanic set them up for the quarter mile dirt track...
We used to run in the 'Bomber' class, then moved up to the 'Super Street Stocker' class...
I'm not that great of a mechanic, so am not real knowledgeable about the 'why' they set up a 350 with a 283 crank...
When I blew my 350 motor the first time in my pickup, my friend the head mechanic rebuilt it for me like he wanted to...
I will say that it would burn rubber a Lot easier when he got done with it...I sure miss that old truck...Had some of the happiest days of my life when I owned that one...
Of course I was just a teenager when I got it for a graduation present brand spankin' new...Life was a lot simpler back in those day, that's for sure...LOL
I heard That!...I sure miss my '73 GMC 3/4 Ton Pickup...
With a 350 cubic inch-four bold main-with a 3 speed tranny...
Had a crankshaft from a 283 in it...
I used to spend a lot of money on rear tires...LOL
It sure was EASY to work on, not like these new fangled autos they pump out these days...
I just finished changing an alternator on a newer truck...
Damn it! I miss the 'Old' trucks, that were SO easy to work on...
It should've only taken one hour, but it turned into a three hour job!
I NEED A BEER!!!...
Actually, this is a job for a twelve-pack...LOL
Hi! 'dexprs'...Hey, It wasn't me that caused...
'Black Friday'...LOL
Blame it on GE, CitiGroup, Osama, and Iran...
Not to mention it was Options Expiration Friday...
I agree the Naz has had support in the 2200 range a few times in the last couple of months...Let's hope it hold up there again...
I have to agree with you analysis of things to come for the foreseeable future...It sound like you have a Good Plan to deal with it...
Good Luck To ALL ;^))
Good Day to ya' Phil...I'll take your advice, as always...
And here's the 'usual' payment...LOL
Here's a Dow and Nasdaq Analysis:
The Dow had a Terrible day Friday 1/20/06...
It broke below two major levels of Support it's had in the last two Months...Look at the size of that red candlestick! closing just about at the LOD...That would suggest another down day Monday...The Moving Averages look very bad, especially if the 15SMA crosses down through the 50SMA...It closed just below the lower Bollinger Band, which suggests that 'could' be about as far down as it can go...The CCI and especially the RSI are about as low as they can go too...The ADX shows the strength of the downtrend and the DMI's are diverging dramatically...Stochastics are Very Oversold, and the MACD took a Big Nosedive Friday...
The next move depends on who Reports Monday, and if they are good or bad, but my Overall feelings here is: the Dow is Extremely Oversold, and even if there is a spike down Monday, this Index is due for at least a nice 'Dead Cat Bounce' Oversold Rally next week...If the RSI gets to 25, there is going to be massive amounts of Buying IMO...Mondays candlestick 'may' turn out to be a nice looking 'hammer'...
-----------------------------------------------------------
The Nasdaq isn't in nearly as bad of shape as the Dow is...Yes, it's candlestick is similar, closing almost at the LOD, suggesting another down day Monday...The 5SMA is about to cross down through the 15SMA and it closed barely holding support of the 50SMA...the lower Bollinger Band sits around 2200 so that's the potential downside here...CCI and RSI are downticking, but not Oversold yet...The ADX (DMI's) just gave a 'Sell' signal...Stochastics have a Long way to go before hitting bottom...The MACD and it's Histogram both took a hard hit Friday...
The Naz is holding up a Lot better than the Dow, and Tech's have been leading the Market in the last Rally...
It's still Reporting Season, so almost Anything can happen next week...Next week is the Busiest week for S&P 500 Companies to Report, so let's all Hope we start getting some GOOD! Numbers from Most of them...
Good Luck To ALL ;^))
Here's a Dow and Nasdaq Analysis:
The Dow had a Terrible day Friday 1/20/06...
It broke below two major levels of Support it's had in the last two Months...Look at the size of that red candlestick! closing just about at the LOD...That would suggest another down day Monday...The Moving Averages look very bad, especially if the 15SMA crosses down through the 50SMA...It closed just below the lower Bollinger Band, which suggests that 'could' be about as far down as it can go...The CCI and especially the RSI are about as low as they can go too...The ADX shows the strength of the downtrend and the DMI's are diverging dramatically...Stochastics are Very Oversold, and the MACD took a Big Nosedive Friday...
The next move depends on who Reports Monday, and if they are good or bad, but my Overall feelings here is: the Dow is Extremely Oversold, and even if there is a spike down Monday, this Index is due for at least a nice 'Dead Cat Bounce' Oversold Rally next week...If the RSI gets to 25, there is going to be massive amounts of Buying IMO...Mondays candlestick 'may' turn out to be a nice looking 'hammer'...
-----------------------------------------------------------
The Nasdaq isn't in nearly as bad of shape as the Dow is...Yes, it's candlestick is similar, closing almost at the LOD, suggesting another down day Monday...The 5SMA is about to cross down through the 15SMA and it closed barely holding support of the 50SMA...the lower Bollinger Band sits around 2200 so that's the potential downside here...CCI and RSI are downticking, but not Oversold yet...The ADX (DMI's) just gave a 'Sell' signal...Stochastics have a Long way to go before hitting bottom...The MACD and it's Histogram both took a hard hit Friday...
The Naz is holding up a Lot better than the Dow, and Tech's have been leading the Market in the last Rally...
It's still Reporting Season, so almost Anything can happen next week...Next week is the Busiest week for S&P 500 Companies to Report, so let's all Hope we start getting some GOOD! Numbers from Most of them...
Good Luck To ALL ;^))
Here's a Dow and Nasdaq Analysis:
The Dow had a Terrible day Friday 1/20/06...
It broke below two major levels of Support it's had in the last two Months...Look at the size of that red candlestick! closing just about at the LOD...That would suggest another down day Monday...The Moving Averages look very bad, especially if the 15SMA crosses down through the 50SMA...It closed just below the lower Bollinger Band, which suggests that 'could' be about as far down as it can go...The CCI and especially the RSI are about as low as they can go too...The ADX shows the strength of the downtrend and the DMI's are diverging dramatically...Stochastics are Very Oversold, and the MACD took a Big Nosedive Friday...
The next move depends on who Reports Monday, and if they are good or bad, but my Overall feelings here is: the Dow is Extremely Oversold, and even if there is a spike down Monday, this Index is due for at least a nice 'Dead Cat Bounce' Oversold Rally next week...If the RSI gets to 25, there is going to be massive amounts of Buying IMO...Mondays candlestick 'may' turn out to be a nice looking 'hammer'...
-----------------------------------------------------------
The Nasdaq isn't in nearly as bad of shape as the Dow is...Yes, it's candlestick is similar, closing almost at the LOD, suggesting another down day Monday...The 5SMA is about to cross down through the 15SMA and it closed barely holding support of the 50SMA...the lower Bollinger Band sits around 2200 so that's the potential downside here...CCI and RSI are downticking, but not Oversold yet...The ADX (DMI's) just gave a 'Sell' signal...Stochastics have a Long way to go before hitting bottom...The MACD and it's Histogram both took a hard hit Friday...
The Naz is holding up a Lot better than the Dow, and Tech's have been leading the Market in the last Rally...
It's still Reporting Season, so almost Anything can happen next week...Next week is the Busiest week for S&P 500 Companies to Report, so let's all Hope we start getting some GOOD! Numbers from Most of them...
Good Luck To ALL ;^))
I suck at the bow and arrow...lol
I'll try some of the others after a few BEERS, and when I need a break from .html coding...
Cool Pegs...RBAK is Nice!...Here's a Dow and Nasdaq Analysis:
The Dow had a Terrible day Friday 1/20/06...
It broke below two major levels of Support it's had in the last two Months...Look at the size of that red candlestick! closing just about at the LOD...That would suggest another down day Monday...The Moving Averages look very bad, especially if the 15SMA crosses down through the 50SMA...It closed just below the lower Bollinger Band, which suggests that 'could' be about as far down as it can go...The CCI and especially the RSI are about as low as they can go too...The ADX shows the strength of the downtrend and the DMI's are diverging dramatically...Stochastics are Very Oversold, and the MACD took a Big Nosedive Friday...
The next move depends on who Reports Monday, and if they are good or bad, but my Overall feelings here is: the Dow is Extremely Oversold, and even if there is a spike down Monday, this Index is due for at least a nice 'Dead Cat Bounce' Oversold Rally next week...If the RSI gets to 25, there is going to be massive amounts of Buying IMO...Mondays candlestick 'may' turn out to be a nice looking 'hammer'...
-----------------------------------------------------------
The Nasdaq isn't in nearly as bad of shape as the Dow is...Yes, it's candlestick is similar, closing almost at the LOD, suggesting another down day Monday...The 5SMA is about to cross down through the 15SMA and it closed barely holding support of the 50SMA...the lower Bollinger Band sits around 2200 so that's the potential downside here...CCI and RSI are downticking, but not Oversold yet...The ADX (DMI's) just gave a 'Sell' signal...Stochastics have a Long way to go before hitting bottom...The MACD and it's Histogram both took a hard hit Friday...
The Naz is holding up a Lot better than the Dow, and Tech's have been leading the Market in the last Rally...
It's still Reporting Season, so almost Anything can happen next week...Next week is the Busiest week for S&P 500 Companies to Report, so let's all Hope we start getting some GOOD! Numbers from Most of them...
Good Luck To ALL ;^))
YHOO Had A TOUGH WEEK! After Reporting Q4...
And Year End '05 Numbers on Tuesday...
The BIG Question is: Has it 'Bottomed Out' YET???...LOL!!!
That all depends on how the Overall Market does next week...
Good Luck To ALL ;^))
RBAK Held Up VERY WELL Yesterday, on 'Black Friday'...
(The first paragraph is part of a post I made to a Friend on my DAYTRADING YHOO Board this morning)
RBAK however, is an Excellent Stock, and NO, it's NOT a Penny, and is listed on the Nazdaq...We took a Long Position in June of last year around 5.50 when the 15MA crossed up through the 50MA, and just recently took profits early this year at 15.00...My wife also Swing Trades it, and I Daytrade it, but it's not an easy one to Day Trade...It's a little bit 'Nutty' in it's intraday movements...It takes some getting 'used to'...LOL
It held up Very! Well the last two sessions as the Overall Market Dumped!...Compare the next chart to the Nasdaq chart just below it...
RBAK Reports next Wednesday, and it will go profitable for the FIRST TIME EVER! in 2006...I have a Board here on IHUB for RBAK that not many members seem to be interested in, but I expect that will change as the year develops...The DD Links are in the IBOX to do your own Research...
http://www.investorshub.com/boards/board.asp?board_id=4396
RBAK 2Day/15Minute:
COMP 2Day/15Minute:
RBAK 1Year/Daily:
As you can see, it's a thing of Beauty!, and one to keep 'one eye open' on in the coming months leading up to their Report in April this year...JMVHO
Good Luck To ALL ;^))
Peggy Sue...I got involved in my first 'Penny Stock'...
Last year, and it was also a 'Stinky Pinky'...LOL
Needless to say, the Risk is Great!, but the possible rewards can be an inticement to play that game...I have a profitable stake in another Penny which is not a Pinkie--GZFX (OTC.BB), though nowhere near as many shares as I once had...It's a Dangerous Game, especially to novice traders, and I don't recommend playing Pennys to anyone...
RBAK however, is an Excellent Stock, and NO, it's NOT a Penny, and is listed on the Nazdaq...We took a Long Position in June of last year around 5.50 when the 15MA crossed up through the 50MA, and just recently took profits early this year at 15.00...My wife also Swing Trades it, and I Daytrade it, but it's not an easy one to Day Trade...It's a little bit 'Nutty' in it's intraday movements...It takes some getting 'used to'...LOL
It held up Very! Well the last two sessions as the Overall Market Dumped!...Compare the next chart to the Nasdaq chart just below it...
RBAK Reports next Wednesday, and it will go profitable for the FIRST TIME EVER! in 2006...I have a Board here on IHUB for RBAK that not many members seem to be interested in, but I expect that will change as the year develops...The DD Links are in the IBOX to do your own Research...
http://www.investorshub.com/boards/board.asp?board_id=4396
RBAK 2Day/15Minute:
COMP 2Day/15Minute:
RBAK 1Year/Daily:
As you can see, it's a thing of Beauty!, and one to keep 'one eye open' on in the coming months leading up to their Report in April this year...JMVHO
Good Luck To ALL ;^))
Thank You! 'erock500'...They need to fix that...eom
'erock500'...I didn't have plans to email them...
But I really think someone should...If you are planning on writing them an email, please include this issue in it...TIA
OK...Here ya' go Dave...LOL
Here Dave: It sounds like a job for "Green Bottles"...LOL
I didn't have any trouble after I installed SP2...
But have heard of some other peoples Nightmares after they installed...
I hope yours goes smoothly ;^))
Remember..."Speak Softly and Carry a BIG Stick"...LOL
Mornin' Pegs...You're probably right about...
Him having time to do research...I've called his show a number of times to ask about two of my favorite stocks, and I believe they record your question, and if they like the pick probably call you back...
I wouldn't know...They've never called me back to go 'On the Air' with Jim during the "Lightning Round"...
I get the feeling Jim has something against RBAK...
And of course he will NOT talk about Penny Stocks...LOL
Here ya' go Carlos...
I'm half Irish, so to make "Irish Coffee", I dump in some 'Baileys' and jump right in...LOL
Linux is much better IMO...eom
What a Week: Worse Than Expected...
By Nick Godt
Markets Reporter
1/20/2006 5:56 PM EST
http://www.thestreet.com/_htmlrmw/markets/marketfeatures/10263127.html
So much for the call of many Wall Street strategists that 2006 marks the return of large-cap growth stocks. A Friday bloodbath punctuated a volatile week marked by disappointing earnings from high-profile tech leaders.
In the second week of the year, the talk was all about how the Dow Jones Industrial Average would finally top 11,000. But now, only one week later, the Dow has lost all of the gains it had made in January and then some.
The tech-heavy Nasdaq Composite and the S&P 500 have kept some of their year-to-date gains, but they did not escape unscathed after three out of four sessions saw losses, including heavy selling on Friday. The week was shortened (mercifully for bulls, it turned out) by the Martin Luther King holiday on Monday.
Most of the damage occurred Friday, when the Dow dropped 213 points, or 2%, to 10,667. It was the Dow's biggest one-day drop since March 2003 and left the blue-chip index down 3.4% from a four-and-a-half year high of 11,043, reached on Jan 11.
Bigger losses were seen on the Nasdaq, which dropped 54.11 points, or 2.35%, to 2247.70 Friday. The tech-heavy index has fallen 3.6% from its Jan. 11 high of 2331.
The S&P 500 fell 23.55 points, or 1.83%, to 1261.49. The broad index is down 2.5% from its Jan 11 high 1294.
For the week, the blue-chip index lost 2.7%, the Nasdaq dipped 3% and the S&P fell 2%.
Obvious culprits for the bloodbath:
Disappointing earnings from high-profile companies that didn't meet Wall Street's lofty expectations.
Geopolitical tensions centered around Iran's nuclear ambitions, turmoil in Nigeria and new threats from Osama bin Laden, which all conspired to send crude oil prices above $68 per barrel.
Friday seemed to embody the doomsday scenarios about rising oil prices causing a slowing economy and slowing profits, as well as the ancillary threat of the cooling housing market.
But while these scenarios may eventually all play out, the evidence at hand seems to suggest that Friday was not the beginning of the end. The market came under pressure on Tuesday and Wednesday, amid disappointing earnings from most of the heavy guns of the tech world, including Intel (INTC:Nasdaq) , Apple (AAPL:Nasdaq) , Yahoo! (YHOO:Nasdaq) and eBay (EABY:Nasdaq) . Crude oil prices were already surging, but market participants still showed a willingness to buy the dips, starting Wednesday afternoon and carrying through Thursday's session.
Even if Motorola (MOT:NYSE) , Citigroup (C:NYSE) and GE (GE:NYSE) joined the disappointing parade and crude oil topped $68 by Friday, that didn't seem to justify the panicky selling Friday.
So what was different about Friday? It marked the expiration of January options, including long-term ones such as LEAPs (long-term equity anticipation securities), which brought the volume of option contracts to roughly 80 million, according to Chris Johnson, market strategist at Schaeffer's Investment Research "That's huge compared to normal," he says.
Option to Sell
Against popular opinion, the expiration of options normally reduces the volatility in the market, Johnson says, "unless it doesn't, and in that case it can multiply [the losses] ." Friday was one of these days. As the expiration of options drew near, and the market opened with a negative bias, many owners of in-the-money options had to sell underlying shares to hedge their bets.
For example, Google (GOOG:Nasdaq) closed at $436 on Thursday. As the expiration of January $430 put options (which give the owner the right to sell the underlying shares at $430) were only worth something to the holder if the shares were trading below $430, and would be at least neutral to the owner at that level. Google actually traded up to $440 within the first 30 minutes of trading Friday, and owners of the put options rushed to sell the common shares just to break even on their put positions.
The snowball effect downward was then the result of owners of call or put options hedging at different levels by selling more shares and "the broad market jumping in," Johnson says. The result: Google shares plunged $36, or 8.4%, their biggest one-day drop ever, to close at $399.
Among the other hints that there was no panic selling, there was no surge of flows into Treasury bonds, normally a safe haven in times of fear in the market. The benchmark 10-year Treasury bond gained 5/32 Friday while its yield, which moves inversely, dropped to 4.35%.
The automatic buying at the dips seen in previous sessions when the market came under pressure indicates that big institutions and traders remained in charge and will likely be in charge next week, Johnson says.
It is often said that for the market to really capitulate and undergo an extended correction, the enthusiastic presence of retail investors is first needed, telling the smart money that the market is now more unstable and vulnerable to panic attacks.
On that note as well, there's little to worry about. Retail investors have continued to shun U.S. mutual funds, with only $660 million of inflows this week, down from last week's $1.4 billion, according to Bank of America market strategist Thomas McManus.
The volatility seen earlier in the week led to more outflows of popular exchange-traded funds tracking the Dow, the S&P 500 and the Russell 1000, he notes.
All in all, there's even something healthy that can come out of this week's market selloff. Indisputably, market expectations after two solid weeks of rallying in January and going into earnings season were very lofty. "Now, the pullback has purged some of those overbought conditions," Johnson says.
According to Phil Dow, market strategist at RBC Dain Rauscher, the market can still rest on expectations that earnings will show double-digit growth in the fourth quarter, and perhaps some positive guidance here and there.
This week showed the more service-oriented side of U.S. business is not feeling much better about its prospects than the manufacturing side -- as was evident last week when Alcoa (AA:NYSE) and DuPont's (DD:NYSE) earnings and guidance disappointed.
That may certainly spell trouble down the road for the economy and the market.
But the much more short-term-oriented traders' market has its sight on the coming week. The good news, if buyers haven't been scared off their wits by Friday's action, is that the energy sector reports earnings next week. And most of the fourth-quarter earnings growth, few have mentioned, will come once again from that sector.
All in all, energy is expected to report earnings growth of 45% in the fourth quarter, according to Thomson First Call. Not coincidently, among rising sectors on Friday was the Philadelphia Oil Service Sector index, which rose 1.9% after Schlumberger (SLB:NYSE) reported blowout numbers.
The energy sector is also the only one of the S&P 500 which so far has more positive earnings preannouncements than negative ones. Did I mention that oil closed above $68 per barrel?
Good Luck To ALL ;^))
Bill...
LOL...
After a couple of 'Irish Coffes' I will...LOL
It feels like I have 'Rolling Rocks' in my head this morning...LOL
I had a few two many of them last night...Arrrrrrgh!...
Maybe it's time for 'a hair of the dog that bit me'...LOL
Google's Stock Sinks on Worries About 4Q...
Friday January 20, 8:38 pm ET
By Michael Liedtke, AP Business Writer
http://biz.yahoo.com/ap/060120/google_stock.html?.v=4
Google's Stock Closes Below $400 for First Time in Two Months on Worries About 4Q
SAN FRANCISCO (AP) -- Google Inc.'s stock price plunged below $400 Friday for the first time in two months as a brewing battle with the Bush administration compounded investor worries about the online search engine leader's upcoming fourth quarter earnings report.
The Mountain View, Calif.-based company's shares dropped $36.99, or 8.5 percent, to close at $399.46 on the Nasdaq Stock Market. That marked Google's lowest closing price since Nov. 16 and capped the stock's worst week since its ballyhooed initial public offering 17 months ago.
Google's market value has plummeted by 14 percent during the last week, wiping out $20 billion in shareholder wealth.
The selloff began Wednesday after Google's biggest rival, Yahoo Inc., released fourth-quarter earnings that fell below analysts' estimates.
Yahoo's shortfall raised concerns that Google's earnings report, due out Jan. 31, won't be as rosy as Wall Street anticipated earlier this month, when the company's shares surged as high as $475.11.
Wall Street's jitters intensified Friday as the market mulled the possible fallout from Google's rebuff of a Justice Department subpoena seeking a list of its users' search requests for a one-week period. U.S. Attorney General Alberto Gonzales filed a motion in San Jose federal court earlier this week seeking to force Google to hand over the requested information.
"Investors never like to see a company's name mentioned along side the term 'subpoena,'" UBS analyst Benjamin Schachter said.
Google is the only major search engine so far to challenge the Bush administration. Yahoo, Microsoft's MSN and American Online have all said they complied with the government's subpoena without providing personal information about their users.
The Justice Department issued the subpoenas last summer as part of its effort to restore an online child pornography law that has been blocked by the U.S. Supreme Court.
Although investors have initially punished Google's stock for taking on the government, Schachter and other analysts believe it could be a smart public relations move for the company.
If Google's refusal to hand over user information fosters even more loyalty on the Web and increase its market share, the company will have more opportunities to distribute its moneymaking ads.
Good Luck To ALL ;^))
Howdy ALL...
BEER Lovers...
It's a beautiful day FUN Lovers...
LOL...
'pvc'...I think 'fringe' was being sarcastic...LOL
BTW...You can MemberMark yourself here at IHUB, so...
He probably only has a 'following' of ONE...
OK...I'm back quiet...Shhhhhhhhhh...LOL
Unfortunately there is a fairly large misstatement...
http://wallst.net/superstock/gzfx/gzfx.html
Down at the bottom of that write up in the section:
"Reasons to Consider This Stock"...The first line reads:
"The Company is the only online company that rents video games and DVD's..."
And here is just one example of another company that does both too...
http://www.intelliflix.com/
And anyone that has done their DD here, knows there are others...
Is GameZnflix 'paying' WallSt.net for this listing on their site?...I hope not...If they are, they should make them put nothing but truths into the text of this article, or someone is going to look foolish when investors start digging a little deeper into the subject...JMVHO
Good Luck To ALL ;^))
Excellent reply 'pvc'...Well done!...eom
ROTFL...!
Good Mornin' Peggy Sue...
Why don't I know more about Mr. Granville?...Easy...
If he's anything like Cramer, I don't pay much attention to people like that...While Jim has good 'entertainment value'...I don't put much stock in his calls...I make my own calls for myself, after doing my own DD...
My stable of stocks is not as big as his...I don't want to know about every stock out there...
I have concentrated on the same ten stocks for years, and want to know ALL I can about just them...
I do give Jim a lot of credit though, he must be some kind of Genius to be able to rattle off a somewhat intelligent reply to people that call into his show "Mad Money", and sound like he knows all about that Company...Maybe he does...Who knows...LOL
Have a Fun Weekend Pegs...
PP
Google shares stage biggest percentage drop, highest volume...
By Scott Banerjee
SAN FRANCISCO (MarketWatch) -- Google Inc. (GOOG) shares fell 8.5% to $399.46 Friday (1/20/06), marking the largest one-day percentage drop for the search giant's stock. The day also marked the highest trading volume since the company went public in August of 2004. Before today, the stock's largest percentage drop took place on November 5 of 2004, when the shares gave up 8.3% to close at $169.35 after the company landed a bearish rating from an analyst at UBS. With more than 40 million shares having traded hands, the day closed above the previous record on the day of its initial public offering.
I haven't hear much about 'Joe Granville' personally...
Other than he invented the OBV in '63...
I read that book...And use that Indicator too...
It's not all that useful, as it mirrors the A/D Line...
It's only interesting when they diverge...IMO
I asked my wife about him, and she started laughing...
Some of his predictions weren't all that bad though, according to her...
We had an interesting talk about Cramer tonight after watching his show for a short time...LOL
I wonder if anyone has done a statistical analysis of his 'picks' over the last ten years, and what his 'success ratio' really is...That could be an iteresting chore...
I'm not interested in that job, are you?...LOL