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I had my best day so far trading, $4500!
Nice bounce today, must be all that recession talk lol
Near term $925, long term $1500 to $2500. So hard to gage till it's there.
Quality stocks these days equal risky stocks. Just check out any leadership stock like RIMM, APPL, GOOG, ect all losing major points for all who bought at the top.
I try not to look at it everyday, options are the way to be these days.
STOCK TRADER'S ALMANAC 2008:
- January Barometer predicts year's course with .754 batting average
- Every down January's first five days preceded full-year gains 86.1% of the time; in election years, only years 1988 & 1956 have been wrong
- November, December, and January constitute the year's best three-month span, a 4.9% S&P gain
- "January Effect" now starts in mid-December and favors small-cap stocks.
Worse January 1960 -8.4%
Worse week in January was 1/24/03 -5.3%
Worse Day in Jan -6.9% 1-8-88
Key support on the DJI
12,517.94
12,501.76
To have a strong up year in 2008, we need to close January above 12657.20 or we will have a bad year.
It happened once...IDNW, now GLBT. I road up 3K to 75K and sold at .22, then I got my head handed to me in BKMP. Hopefully there will be some future developments in the business that will entice investors to buy in.
This data is almost 6 years old, Dre had $52M
http://www.rollingstone.com/news/story/5938443/the_rolling_stone_money_report
Dr. Dre
Touring = $0
Recording = $43.1 million
Publishing = $1.9 million
Other = $16 million
Net = $51.9 million
Dre and Interscope each used to own half of Dre's label, Aftermath, which released two of the biggest albums of the past two years: Eminem's Marshall Mathers LP and Dr. Dre 2001. Last year, Dre was paid a reported $35 million by Interscope for another thirty percent of the label. Dre is also well paid as a producer: For co-writing and producing Mary J. Blige's hit "Family Affair," sources say, he earned more than $2 million in airplay and production fees.
Dre Day would = PAY DAY
He's finally putting some of those earnings to use. I'm sure he's made plenty signing Eminem, 50 Cent, and Busta Rhymes
Dr Dre’s $400 headphones
http://www.slipperybrick.com/2008/01/monster-turns-to-dr-dre-for-high-end-headphones/
Fool me 15 times shame on me
That's life, that's why I'll stay with larger stocks for the time being. Less manipulation than pinks
The SEC grandfathered the offenders in with Reg SHO. They finally pasted something to change it, but I doubt it changed. The people doing it and getting away are making a lot of money and are very well connected.
Strong, that would be so great! I would not put it past him, 50 cent bought a 50% stake in Vitamin Water and made like 400% flipping it to private equity!
Yeah...it really grinds my gears, Wall St ripping off the retail guy daily
Try something like MSFT or CSCO, those will work
I'm sure they will, BofA is very powerful. Also, it's probably in the best interest of the market.
Cash is king, especially with all this extra volatility they're giving us. Gold futures are down .60 right now.
Thanks! I love to check out new things, not sure if you've seen this. Takes some time but is very much worth it.
http://www.businessjive.com/
Trading Tip of the Day
Don't get hold options over night unless you can feel the pain of gaps against you.
Try a different symbol, it does that when it doesn't work. It predicts the next 30 days based on the charts.
No doubt, I guess I was a bit early on selling part of my gold. I just didn't want to be caught 100% in the 5% down move they love to do.
CFC was just pumped and dumped HARD! Yesterday they leaked that bank. rumor, today, they announce that BofA is in advanced talk to aquire, way to squeeze those shorts.
You're welcome! I was very impressed when I first found that a few months back. Alex something uses this based on commercial traders and does the opposite for buy and sell signals.
Great work! You also know what time it is. We are at the end of the cycle of easy money and we need to experience major pain before we can go higher. Financials will be great this year once they bottom.
Hey mick! I took half off yesterday, now I can buy on the pullback! Retailers are getting kicked, upgrades through the roof today...tells me they want to GET OUT!
A nice relief rally on short covering. Goldman Sachs as 2008 GDP target at .8%
We're moving higher today, the bulls are fighting to take gold higher. Check out the COT report on how many commercial shorts are getting the head handed to them!
http://news.goldseek.com/COT/1199478880.php
I 100% agree! Not many bright spots in this market outside of PMs.
Crap, we're near term topping...
SPOT MARKET IS OPEN
closes in 4 hrs. 49 mins.
Jan 09, 2008 08:41 NY Time
Bid/Ask 873.80 - 874.50
Low/High 871.60 - 892.10
Change -3.70 -0.42%
30daychg +79.40 +9.99%
1yearchg +266.40 +43.86%
Nice! I love Doug Casey, he's got great thinks to say. I'm taking some gold off the table today. Checkout
http://www.goldseek.com/
kitco.com is one of my favorite sites! I'm getting very sick of hearing "Gold at all-time highs!". This type of rhetoric is used as propaganda to either get people to buy or sell. If gold went to $5,000, I wouldn't be shocked. All currencies have been printing over 10% more money every year...ironically, the Iraq Dinar has more assets backing it them most currencies. My buddy Strongtower is very knowledgeable about currencies. Please check his site out if you have time.
http://investorshub.advfn.com/boards/board.asp?board_id=7851
Great to see we're on the same page! Are you familiar with the long term growth of short interest in silver and from commercial banks? They have a direct incentive to lease gold now to bullion banks who immediate sell at market, those gold bars are melted down into jewelry. I've read that due to the derivative explosion that the short interest in gold is as high as 3X times the amount of gold dug out of the ground since the time of Jesus. Also, I've read the sames things about silver, by 3X as much shorts. Ultimately, these shorts will have to cover. Goldman came out late last year, 12-14 to be specific, with "Goldman Sachs reduces '08 base metals forecast, maintains $750 gold" These rat @ss firm is short to the hilt and their days of manipulating these markets might just blow up in their FACE! Check the COT report below weekly to see what those shorts are doing!
http://www.mineweb.com/mineweb/view/mineweb/en/page33?oid=42058&sn=Detail
COT - Commitment of Traders Report
http://news.goldseek.com/COT/1199478880.php
Great call on gold mick! I've been a long bull as you know since $300...I mean 03, people really need to read up in the current bull market because they're getting hurt with these markets.
Do yourself a favor and go to this site. It really touches on the inside game Wall St. likes to play.
http://www.basherbusters.com/
The Case for Gold and Oil Stocks
http://news.goldseek.com/GoldSeek/1199814600.php
People don't understand gold, I recommend everyone have at least 10% in gold to hedge against our crappy currency. BKMP could be gold, but right now it's fools gold. Normally CEO's want to set the pace when they take over. Not sure what this guys deal is or where all our material information is. I'm still pissed that these stocks have convertible debentures that are not disclosed! Only in pinkies is that not considered a material fact...but they love to disclose the 504s.
Commercial Shorts getting SQUEEZED!
COT Gold, Silver and US Dollar Index Report - January 04, 2008
http://news.goldseek.com/COT/1199478880.php
Buddy! I has 100% of my 401K in FSAGX, not bad for today.
NAV 43.41
Change Up 1.30
%Change Up3.09%
There will be many more $$ in cash now than there was on 12-31 with 80% people getting crushed in the markets like I've been saying they would, that will free up funds for BKMP longs. Desperate times will cause people to invest in desperate stocks, just look at all those bag holders over at CFC or E-turd.