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Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
PAPER TRADING:
If you think you want to learn to trade stocks, there is no better way to learn than paper trading. I recommend everyone trade for at least 6 months prior to investing real money. It should be mandatory for newbie’s to try out their newly acquired skills. I did it, everyone I know did until they were satisfied with their confidence level. Give it a try and have some fun. I had a friend in high school, he and his father traded together. Give it a try, you might find it more fun than playing golf.
https://secure3.marketwatch.com/registration/signin/portfolios.aspx?siteID=mktw
EVERY ENTERPRISE MUST HAVE A BEGINNING:
Bill Gates was arrested at least twice in New Mexico: once in 1975 for speeding and driving without a license, and in 1977 when this photograph was taken.
Bill GatesFrom Wikipedia, the free encyclopedia
William Henry Gates III (born October 28, 1955 in Seattle, Washington) is an American entrepreneur and the co-founder, chairman, former chief software architect, and former chief executive officer of Microsoft, the world's largest software company. Forbes magazine's The World's Billionaires list has ranked him as the richest person on earth for the last thirteen consecutive years, with a current net worth of approximately $53 billion. When family wealth is considered, his family ranks second behind the Walton family.[3][4]
WORLD’S TWO GREATEST ENTREPRENEURS:
Bill Gates
From Wikipedia, the free encyclopedia
Jump to: navigation, search http://en.wikipedia.org/wiki/Bill_gates
William Henry Gates III (born October 28, 1955 in Seattle, Washington) is an American entrepreneur and the co-founder, chairman, former chief software architect, and former CEO of Microsoft, the world's largest software company. Forbes magazine's list of The World's Billionaires has ranked him as the richest person in the world for the last thirteen consecutive years, with a current net worth of approximately $53 billion. When family wealth is considered, his family ranks second behind the Walton family.[3][4]
Gates is one of the best-known entrepreneurs of the personal computer revolution. Although he is widely respected by people who see his wealth as a product of intelligence and foresight,[5][6] his business tactics have often been criticized as unethical or anti-competitive, and have, in some instances, been ruled as such in court.[7][8] Since amassing his fortune, Gates has pursued a number of philanthropic endeavors, donating large amounts of money to various charitable organizations and scientific research programs through the Bill & Melinda Gates Foundation, established in 2000.
Warren Buffett
From Wikipedia, the free encyclopedia
Jump to: navigation, search http://en.wikipedia.org/wiki/Warren_Buffett
Warren Edward Buffett (b. August 30, 1930, Omaha, Nebraska) is an American investor, businessman and philanthropist.
Buffett has amassed an enormous fortune from astute investments, particularly through the company Berkshire Hathaway, of which he is the largest shareholder and CEO. With an estimated current net worth of around US$46 billion, he is ranked by Forbes as the second-richest person in the world, behind the Microsoft co-founder Bill Gates.
In June 2006, he made a commitment to give away his fortune to charity, with 85% of it going to the Bill and Melinda Gates Foundation. [3]
Buffett's donation was the largest act of charitable giving in United States history.[4]
Despite his immense wealth, Buffett is famous for his unpretentious and frugal lifestyle. When he spent $9.7 million of Berkshire's funds on a corporate jet in 1989, he jokingly named it "The Indefensible" because of his past criticisms of such purchases by other CEOs. [5] He continues to live in the same house in the central Dundee neighborhood of Omaha Nebraska that he bought in 1958 for $31,500. [6] (although he also owned a more expensive home in Laguna Beach, California which he sold in 2004).
TWO SIDES TO THE BRAIN:
NOTES FROM MY JOURNAL:
Ad1, Your kids might enjoy this post. It’s more about human behavior. It’s a life long study. For me it’s never ending. Its like playing golf, one can never learn everything there is to know about the subject. I didn’t know about most of this stuff until I got out of college and I'm still learning.
For those of you who don’t know, our human brain contains more than 100 billion neurons. I don’t know about you but I’d rather learn about the $100 billion dollar man instead of learning about the 100 billion neurons in my brain. It’s very important to learn about the brain function. We operate out of 2 sides of the brain, the left-brain and the right brain.
Left-Brain People are:
• Doctors
• Lawyers
• CPA’s, are predominately left brain oriented
• Engineers
• Attorneys since they are left brain oriented can spot a crook, or a liar 3 minutes into an interview. They like everything to be tried, tested, proven and a case number assigned before they accept it as fact. IMO, they wouldn't make good stock traders. Too many unknowns.
• A Medical Doctor friend, wanted to learn how to sketch different parts of the body. That way he could draw the problem areas for his patients. So, it is possible to balance and strengthen both sides of the brain. Even though he never took an art class outside of what was mandatory. This one class taught him how to draw. And yes, he did advance from stick figures to some really impressive drawings in less than 3 months.
Right Brain People are:
• Artists
• Architects
• Designers
• Clairvoyants
• Architects train themselves to use both the left and right sides of the brain
• Persons who have developed their intuition skills
Can you start to see the difference in people’s psychological behavior?
What’s our goal here? You guessed it, the best of both worlds would be to develop both sides of the brain. That requires exercising the brain to learn disciplines that do not always come natural to us. It takes practice.
Example: I didn’t know how to trade stocks until I learned. Most anything can be learned if the desire is strong enough. Life is always about finding a balance.
Take a guess. What personality types are Airline Pilots, the Yachtsmen who races for the Americas Cup, a Race-Car Driver who wins the Tour de France or a Mechanic who repairs Ferrari’s for a living. Which side of the brain do you think they are operating from? Yes, your right, both.
When I was a student, in high school and college, no one explained this to me. I learned it on my own. Most of it from observing. I didn’t realize how my brain activity could influence my career.
Bottom line: It all boils down to attitude, determination and persistence. If one’s mind is inquisitive enough, I believe anyone can train themselves to be successful.
Now watch this 3-minute video:
http://www.212movie.com
Incorrect Statistics: Deleted Posts#120 & 122
Revisions will be posted with corrections made.
Ad1, Hold Your Horses, There's More Coming.
I'm doing this just as fast as I can!
I've decided to post a few more items.
This reminds me of a college project. Don't stop me now, I'm on a roll.
They will be done by tomorrow morning and that will be it !!!!!!!!!!!!!!!!!
Ad1, Market Maker Listings:
Notes From My Trading Journal.
Who is the competition?
LEVEL II:
A look at the Market Maker:
http://66.201.236.134/export/level2.jsp?symbol=acko
http://www.thesubway.com/companydata.asp?qm_page=1256
44 MOST USED MARKET MAKERS
MPID............... Name............... Location............... Telephone............... State
ABLE... Natexis Bleichroeder Inc. DOMESTIC 800-221-3365 NY
AGIS... Aegis Capital Corp. NASDAQ OTC DESK 212-813-2006 NY
ARCA... Archipelago Trading Services, Inc. OTCBB TRADING 312-442-7700
ARCX... Archipelago Stock Exchange 312-960-1318
AUTO... Automated Trading Desk Financial Services, LLC DESK843-789-2080
BAOM... Banc of America Securities LLC SAN FRANCISCO, CA 415-627-2900
BEST... Bear, Stearns & Co. Inc. OTCBB PINK SHEETS 212-272-4975 NY
BMIC... Biltmore International Corporation 732-287-6535
BNCH... Benchmark Company, LLC OTCBB 212-312-6700 NY
BRGE ... Newbridge Securities Corp. FT LAUDERDALE, FL 954-229-9818 FL
CLYP... Carlin Equities, LLC NY
CRTC... Capital Group LLC STAMFORD, CT 203-569-6494 CT
DOMS... Domestic Securities, Inc. EDISON, NJ – OTCBB 732-661-0300 NJ
EDGX... Direct Edge ECN LLC JERSEY CITY, NJ 201-356-1714
ETRD... Trade Capital Markets LLC OTCBB 312-431-1268
FRAN... Wm. V. Frankel & Co., Incorporated NEW YORK, NY 800-631-3091
FSWC... First Southwest Company DALLAS, TX 214-953-4100 TX
GARC... ICAP Corporates LLC 800-937-0087
GNLN... Gunnallen Financial, Inc. TAMPA, FL 813-600-1420 FL
GSCO... Goldman, Sachs & Co. OTCBB 212-357-4402 NY-Jap-Europe-Arbitrage
HDSN... Hudson Securities, Inc. JERSEY CITY, NJ 800-624-0050 NJ
HILL... Hill Thompson Magid and Co., Inc. NASDAQ TRADING 800-631-3083
INTL... INTL Trading, Inc. OTCBB 800-327-5703 Orlando, Fl
JEFF... Jefferies & Company, Inc. NASDAQ 972-701-3100 Stamford, Ct
JPTC ... J.P. Turner & Company, L.L.C. OTCBB 404-479-8321|
MAXM... Maxim Group LLC OTCBB 212-895-3874 NY
MERI... Merriman Curhan Ford & Co.OTCBB 646-292-1409 NY, San Fran.
NACI... North American Clearing, Inc. 407-774-6281
NITE... Knight Equity Markets, L.P. BULLETIN BOARD 800-232-3684 NY
OPCO... Oppenheimer & Co., Inc. NASDAQ-OTCBB 212-422-7813 NY
PERT... Pershing LLC|BULLETIN BOARD 201-413-2700 NJ
SACM... Sterne Agee Capital Markets, Inc. BOCA RATON, FL|800-930-3536 FL
SALI... Sterne, Agee&Leach, Inc. NASDAQ-OTCBB 800-239-2408 Alabama
SEAB... Seaboard Securities, Inc. NASDAQ-OTCBB 973-514-1699 FL
SBSH... Citigroup Global Markets Inc. NASDAQ 800-223-7743 Foreign-Deritives
SSGI... Seton Securities Group, Inc. NASDAQ 732-739-3800
TASL... Tradition Asiel Securities Inc. NASDAQ 212-791-4770 NY
TDCM... TD Waterhouse Capital Markets, Inc. OTCBB 800-500-3905
UBSS... UBS Securities LLC OTCBB-PINKSHEETS 203-719-8710
VERT... Vertical Trading Group, LLC NEW YORK, NY 212-918-1202 NY
VIEW... Viewtrade Securities, Inc. BOCA RATON, FL 561-368-6061 FL
VFIN... Vfinance Investments, Inc OTCBB-PINK SHEETS 800-487-0577
VNDM... Vandham Securities Corp. WOODCLIFF LAKE, NJ 201- 782-3310 NJ
WDCO... Wilson-Davis & Co., Inc. NEW YORK 800-290-6875 NY
WEED... Weeden & Co.L.P. NASDAQ/OTCBB TRADING 203-861-7650
WMIN... Westminster Securities Corporation NASDAQ 800-445-6749
47 Page Listing of 3,040 Brokerage Houses See:
http://www.nasdaqtrader.com/dynamic/SymDir/mrktsym.txt
*MPID: Market Producer Identification Symbol (Updated: 8-18-06; 9-15-06)
Ad1, More Research Websites:
Notes from my Journal.
SEC WEBSITES:
1). http://www.archive.org/web/web.php (type in www.uncn.net)
2). This filing: '8-K' -- # 0001262463-06-000190 @ 061229-213511 --
http://www.secinfo.com/$/SEC/Filing.asp?D=16gRg.v5h&CIK=1110737
3). Filer: Unico Inc/AZ --
http://www.secinfo.com/$/SEC/Registrant.asp?CIK=1110737
4). SEC Info is the most sophisticated SEC EDGAR database service on the Web, with billions of unique links added to the SEC filings.
An SEC/CSA filing notification service of http://www.secinfo.com
5). To cease new-filing notifications to this mailbox, click here...
http://www.secinfo.com/$/EMail.asp?U=accounts@e-tes.ca&F=16gRg.v5h&T=1
Do not reply. For help, go to http://www.secinfo.com/$/Help.asp
6). http://www.cftc.gov/ (check before you trade)
7). http://www.secform4.com/ (Check Insider Trading-Shares Bought/Sold)
http://www.secform4.com/insider-trading/1110737.htm
INVESTORS-HUB WEBSITES:
http://66.201.236.134/export/level2.jsp?symbol=DKGR Level II Quotes
http://bigcharts.marketwatch.com/
http://tinyurl.com/create.php (Directions: Copy chart properties to the tinyurl website, use the tiny url it gives you. This chart will update automatically)
http://www.thesubway.com/companydata.asp?qm_page=21405 Shows Trade Time & Size
http://www.thesubway.com/companydata.asp?qm_page=79667 Level II Quotes
Ad1, PAPER TRADING:
OK, now its time for you to set up several paper trading accounts for your family members and show them what you learned. By setting up free paper trading accounts, you can have competitions with your son or daughter. Have them paper trade until their confidence level is high enough so they can then risk your money. Who knows, maybe they will make enough money to put their way through college? I would think with the proper coaching, a high school kid could make enough money to go to any college they desire or take a European Trip or whatever they choose. After all it will be their own money they will be spending after they pay off the money they borrowed from you. Give'em a carrot and see if they bite it? It would be a tempting reward to offer your kids. Make them earn their own money! I would if I had kids. To temp your kids, tell them everyone you know makes mistakes, but only the fools make the same mistakes twice.
Have fun and happy trading!
https://secure3.marketwatch.com/registration/signin/portfolios.aspx?siteID=mktw
Ad1, OK, That's It.
I didn't realize this was going to turn into such a historical event today. Problem is my desk is going to be removed this morning. I'm moving! So, I wouldn't have had this change again for quite some time. It was either now or never. You lucky dog! This is enough study material for at least a year.
I've been collecting these articles and websites so I can have fast access when I need to look something up.
There's a lot more where this came from. These are the basics and its all you need to know for now. By learning the basics, you will develop your own style of trading. If you make the commitment, you will keep learning and growing. If you discipline yourself, you can become a really good trader within a relatively short period of time. It's a fun business and I plan on doing this for the rest of my life.
Best of Luck With Your Trading,
Hilander
PS: Basically, no one is going to teach you this stuff, it' all up to you. That's the great thing, you can take it as far as you want. I plan on taking it all the way to the grave.
Ad1, 2007 FORCAST by Simon Constable:
From My Trading Journal.
Article:
GOLD BUGS READY TO ROCK
By Simon Constable
TheStreet.com Staff Reporter
12/28/2006 12:50 PM EST
Click here for more stories by Simon Constable
http://find.thestreet.com/cgi-bin/texis/author/?au=A1103339
Gold prices look set to rocket in 2007 with a sickly greenback and geopolitical tensions topping the list of driving factors, according to a broad cross-section of bullion market watchers polled by TheStreet.com.
The whole group, which includes miners, a portfolio manager and a coin dealer, sees the possibility of spot prices breaking through the 2006 high of around $725 an ounce, reached in May. Gold for immediate delivery sold for around $630 in late December, having risen from $520 in January.
What will be interesting to see is how well the group fares when compared with those surveyed for the annual London Bullion Market Association forecast, expected in mid-January.
Last year, most of those canvassed by the LBMA, a group dominated by bankers and consultants, woefully underestimated the extent of the rally, with an average forecast of $534.94. Instead, through Dec. 28, spot gold had a mean price of around $600 an ounce.
TheStreet.com asked a sample of experts how readers might best position their gold investments during the coming year based on their forecast. Each will be periodically revisited to see how the different scenarios are playing out.
Well-known gold bug James Turk sees an average price of $725 next year with a low of $600 and a top of at least $1,000. "The key here is that not that gold is going up, it's that the dollar is going down," says Turk, who explains that the budget and trade deficits will weigh heavily on the greenback.
Look for a first-quarter spike to $850, he predicts, but he acknowledged that he expected a similar high this year that failed to materialize.
He recommends investors hold at least 10% of their assets in physical metal. Products like the bullion ETFs, streetTracks Gold Shares (GLD - news - Cramer's Take) and iShares Comex Gold Trust (IAU - news - Cramer's Take), and mining stocks, aren't really the same as owning gold, but rather are "trading vehicles," he says.
Turk's company, GoldMoney, holds bullion for investors in segregated accounts in a London vault. He owns physical bullion, but neither ETF.
Frank Holmes, the chief investment officer at U.S. Global Investors and team leader managing the U.S. Global Investors World Precious Minerals Fund, sees a high of $720 to $800 next year for gold, but not before a first-half correction as the dollar stabilizes.
With low inflation, the dollar is yielding a good real rate of return, says Holmes. He sees price support for bullion at around $580 to $600, with an average price of $680 through the year.
Longer term, he says, diversification by central banks -- China and Russia in particular -- will provide solid demand, and strong jewelry buying should return as consumers become accustomed to current prices.
Holmes recommends buying in-the-money long-term options on Newmont Mining (NEM - news - Cramer's Take) if the price pulls back. He warns investors to avoid the out-of-the-money LEAPS, saying they're too risky.
His other picks include miners Northern Orion (NTO - news - Cramer's Take), Meridian Gold (MDG - news - Cramer's Take) and Randgold Resources (GOLD - news - Cramer's Take).
"Look for companies that have high return on capital," he says.
At the end of September, the World Precious Minerals Fund held stock of Northern Orion, Meridian and Rangold. A spokesman for the company wouldn't comment on the Newmont LEAPS.
Jeff Christian, managing director at New York-based specialty consulting firm CPM Group, says many investors see a world full of economic uncertainty, which will help boost gold prices to a peak of $750 during the first quarter.
Christian was the only person polled by TheStreet.com who also took part in the 2006 LBMA survey. Last year, he was the most bearish of the lot, with an average price forecast of $479. For 2007 he's clearly more bullish, at least for a while.
"There is a lot of concern that the dollar will just fall and fall and fall," says Christian. But "over the year that view will shift," with investors growing more sanguine, which should lower the risk premium for gold.
After a spring spike he sees prices for gold drifting down to $500 by year-end, with a full-year average of $600.
Clients should be "long commodities and [gold mining] equities. Eventually, though, investors will want to rotate out of out of commodities while staying in the equities, adds Christian.
He favors AngloGold Ashanti (AU - news - Cramer's Take), which he owns, and Barrick Gold (ABX - news - Cramer's Take), which he does not.
Jamie Sokalsky, CFO of Barrick Gold, sees the price going through $730, but didn't want to specify further, although he's clearly bullish. In addition to a declining dollar, he sees the political "powder keg" in the Middle East and the added uncertainty of a nuclear North Korea supporting prices.
"If the U.S. pulls out [of Iraq] there could be some additional conflict, and any uncertainty resulting from that could be positive for the gold price," says Sokalsky.
Pierre Lassonde, chairman of the World Gold Council and outgoing president of Newmont Mining, predicts a range of $600 to $800 for gold next year, with an average of around $675.
"I see the dollar continuing to go down against a basket of currencies, including the euro," says Lassonde, who adds that "80% of the value of gold is the dollar."
Other bullish factors include declining mine production and rising investment demand, says Lassonde. He notes the Gold Shares ETF now holds more than 450 tons of bullion, and he's looking for continued investor diversification into the yellow metal.
At the time of publication, Lassonde was long Newmont stock.
Neal Ryan, director of economic research at New Orleans-based coin dealer Blanchard, sees a high of about $825 to $850 an ounce for gold, a floor of $615 and an average price of $725.
The rally will be driven by Middle Eastern problems, as well as burgeoning inflation and a weak dollar. He recommends holding physical bullion rather than stocks.
"With stocks you have a proxy," for gold, says Ryan. "When you look at a mining stock vs. physical [metal] , you have to look at a variety of other factors," such as costs, management and operational risk.
He advocates precious-metals holdings of no more than 5% for most investors.
Blanchard, which is currently long physical gold, trades bullion for its own account as well as for its clients. __P.S. A Message from Jim Cramer_Good news! You can get my new bestseller, Jim Cramer's Mad Money: Watch TV, Get Rich, absolutely free when you subscribe now to my premium investing service, Action Alerts PLUS. It's a great deal!
Ad1, Research Websites:
Notes from my Journal.
WEBSITES-for Research:
http://quote.barchart.com/texpert.asp?sym=UCOI
http://bigcharts.marketwatch.com/default.asp?siteid=&avatar=seen&dist=ctbc
http://www.blogcharm.com/marketbarometer/55966/Newton%E2%80%99s+Laws+of+Stock+Market+Trading.html Newton’s Laws of Stock Market Trading
http://www.clifdroke.com/
http://ww1.dowtheoryletters.com/dtlol.nsf
http://www.investorshub.com/boards/default.asp
http://www.321gold.com/
http://www.golddrivers.com/
http://www.gold-eagle.com/research/channdx.html
http://www.gold-eagle.com/research/hommelndx.html
http://www.gold-eagle.com/research/hommelbergndx.html
http://kitco.com/
http://stockcharts.com/h-sc/ui
http://www.marketwatch.com/default.aspx?siteid=mktw&avatar=seen
http://www.moneychanger.com/
http://www.elliottwave.com/features/default.aspx?cat=pmp http://www.elliottwave.com/features/default.aspx?cat=pmp Bob Prechter
http://www.phimatrix.com/ (unveiling the beauty & power of phi)
http://www.silverinfo.net/
http://www.silver-investor.com/archives/index.htmlDavid Morgan&Charles Savoie
http://www.silverstrategies.com/defaultNS.aspx
http://www.speculative-investor.com/new/article.html
http://www.stockhouse.com/quote/index.asp
http://members.vectorvest.com/newstockanalysis/
http://www.voy.com/65437/
http://finance.yahoo.com/
http://www.weissratings.com/products_stocks.asp (Look for: Guide to Common Stocks)
Take the Investor Profile Quiz to Test Your Risk Tolerance
http://www.wikipedia.org/ (Dictionary)
GLOSSARY OF STOCK MARKET TERMS:
http://www.investopedia.com/
http://www.marketwatch.com/pf/started/GettingStarted_Glossary.asp?siteID=mktw
http://www.cftc.gov/opa/glossary/opaglossary_a.htm
http://money.cnn.com/services/glossary/a.html
http://www.matisse.net/files/glossary.html
http://www.zacks.com/help/glossary/
Ad1, PERSONALITY TYPES A, B & D:
Notes from my Journal, I became interested in this in 1973.
More information towards understanding Human Behavior.
Everyone should know what basic personality type they are. Meyer Friedman and his co-workers first defined two personality types in the 1950s. Friedman classified people into Type A and Type B personalities, and he theorized that Type A personalities had a higher risk of coronary heart disease.
Type A Personality:
From Wikipedia, the free encyclopedia
The Type A personality, also known as the Type A Behavior Pattern, is a set of characteristics that includes being impatient, excessively time-conscious, insecure about one's status, highly competitive, aggressive, hostile, and incapable of relaxation. Type A individuals are often highly achieving workaholics who multi-task, drive themselves with deadlines, and are unhappy about the smallest of delays. According to Friedman (1996), Type A behavior is wrapped up in time urgency and impatience, which causes irritation and exasperation. They can express free floating hostility, which can be triggered even over little incidents.
Type A characteristics
1. an intense drive to achieve one’s goals 2. over-competitiveness in all areas of lives 3. constantly seeking for recognition and improvement 4. involvement in many activities at once which had deadlines to meet 5. tendency to rush things 6. astonishing physical and mental alertness.
TYPE B PERSONALITY:
The Type B personality, in contrast, is patient, relaxed, and easy-going. There is also a Type AB mixed profile for people who cannot be clearly categorized.
Type B and its characteristics are the opposites of Type A personality.
Therefore, Type B people are characterized by a lack of: drive, ambition, sense of urgency, competitiveness and involvements which have deadlines.
TYPE C PERSONALITY:
No definition available for "Type C" personality as of yet.
Type D Personality:
In a Yahoo! Health article, Dr. Simeon Margolis of the Johns Hopkins School of Medicine has advanced the concept of a "type D" personality, which is associated which an increased risk of heart attacks and strokes.
Citing an unnamed Dutch study, Margolis characterizes Type D personalities as those who tend to "experience negative emotions like hostility, anxiety, anger, depressed mood, tension, and a negative view of themselves." Oddly, the author of the article admits to being unaware of any definition for a possible "Type C" personality, but speculates that the D in "Type D" stands for "distressed”.
Ad1, Self Help & Personal Growth Websites
Notes from my Journal.
The following are links I have used at various times to uplift myself when I needed a positive uplift and a helping hand. It.s all about attitude.
Once you decide to take this path of growth and learning, it’s not easy. And yes, it does take discipline. If you decide to take this road it will add great value to the most valuable asset you own, YOUR LIFE! You owe it to yourself to think about it.
Watch this short 3 minute video:
http://www.212movie.com
Related links:
The Master Key System-The Key to Health, Wealth & Love
http://thepdi.com/The_Master_Key.htm
The Secret: http://whatisthesecret.tv/
http://thesecret.tv/secret-to-you/"http://thesecret.tv/secret-to-you/
Bob Proctor - www.bobproctor.com_
John Assaraf -- www.onecoach.com_
Rev. Michael Beckwith - www.Agapelive.com_
John Demartini - www.drdemartini.com _
J.Z. Knight - http://ramtha.com/
Spiritual Growth Pathways:
http://www.ilm.org/about.htm (western approach)
http://www.eckankar.org/ (western approach)
http://www.scientology.org/ (western approach)
http://santmat-meditation.net/guru/5.html (150 yr. lineage)
http://en.wikipedia.org/wiki/Sant_Mat (eastern approach)
http://www.santmat.net/ (eastern approach)
http://en.wikipedia.org/wiki/Sathya_Sai_Baba (eastern approach)
http://en.wikipedia.org/wiki/Rajneesh (eastern approach)
http://www.sikh-heritage.co.uk/heritage/The%20Sikhs/thesikhs.htm
Freemasonry:
http://en.wikipedia.org/wiki/Freemasonry
http://en.wikipedia.org/wiki/Knights_templar#Grand_Masters
Meditation:
http://1stholistic.com/Meditation/hol_meditation.htm
http://www.osho.com/Main.cfm?Area=Meditation&Language=English
http://en.wikipedia.org/wiki/Hatha_yoga
http://www.yogacards.com/
Ad1, Who is Bunker Hunt?
Nelson Bunker Hunt:
From Wikipedia, the free encyclopedia
Jump to: navigation, search http://en.wikipedia.org/wiki/Nelson_Bunker_Hunt
Nelson Bunker Hunt (born February 22, 1926, in El Dorado, Arkansas) is an American businessman. He is notable for having participated in cornering the world silver market during Jimmy Carter's presidency and the high inflationary period of the late 1970's and 1980. His actions caused the price first to rise almost ten-fold, and then to plummet shortly thereafter,[1] which ultimately led to his bankruptcy.
Background:
The son of Texas oil billionaire H. L. Hunt, who was believed to be the richest man in the world at the time of his death, Nelson Bunker Hunt also entered the oil business. His explorations led to a partnership with British Petroleum and the discovery of the Sarir Field in Libya in 1961. In December 1972, the government of Muammar al-Qaddafi moved against Hunt and demanded a 50-percent participation in its operations. When Hunt refused, the property was nationalized by the government in 1973. That same year, the members of the Hunt family, possibly the richest family in America at the time, decided to buy precious metals as a hedge against inflation. The Hunts bought silver in enormous quantity.
The Road to 'Silver Thursday':
Nelson Bunker and brother William Herbert Hunt, together with two wealthy Arab investors, formed a company called International Metals Investment Company Ltd. with the intent of cornering the world silver market. Through their brokers on the Commodity Exchange (COMEX), Alvin Brodsky and Mark Denberg, they quickly amassed more than 200 million ounces of silver, equivalent to half the world's deliverable supply. When the Hunt brothers began accumulating silver in 1973 the price was $1.95 per ounce. Early in 1979 the price was about $5, and in 1980 the price peaked at $49.45 per ounce[1].
Once the silver market was cornered, outsiders joined the chase. As things heated up, the number of contracts being traded in a month equaled the total amount of silver available for delivery in the exchange warehouses, and many traders, including the Hunt Brothers, were taking delivery on their contracts. Members of the board at COMEX, many of whom had substantial silver short positions, moved to check this cornering of the silver market by lowering the number of contracts investors could hold, and raising margin requirements. The highly leveraged Hunt Brothers were unable to meet their margin calls, and were forced to sell.
A combination of changed trading rules on the New York Metals Market (COMEX) that allowed only liquidation (sell) orders, and the intervention of the Federal Reserve to bail out the brothers put an end to the silver run. The price began to slide, culminating in a 50% one-day decline, known as Silver Thursday, on March 27, 1980 as the price plummeted from $21.62 to $10.80.
The collapse of the silver market meant huge losses for speculators. The Hunt brothers declared bankruptcy. By 1987 their liabilities had grown to nearly $2.5 billion against assets of $1.5 billion. Nelson Bunker Hunt declared bankruptcy and was convicted in August 1988 of conspiring to manipulate the market[2].
Ad1, Who is Jim Rogers?
Rogers Business
After studying at Oxford, Rogers came back to the U.S. and joined the Army for a few years. In 1970, he joined Arnhold & S. Bleichroeder, where he met George Soros.
The same year, he and Soros founded the Quantum Fund. During the following 10 years the fund gained 3,365% according to Mr. Rogers ("from 12-31-1969 to 12-31-1980, the Soros Fund chalked up a gain of 3,365%") while the Dow Industrials advanced about 20% (963.99/800.36) ([1]). It was one of the first truly international funds. In 1980, he decided to "retire."
Since then, he's been a guest professor of finance at the Columbia University Graduate School of Business. In 1989 and 1990 he was the moderator of WCBS's "The Dreyfus Roundtable" and FNN's "The Profit Motive with Jim Rogers." In 2002, he became a regular guest on FOX News Cavuto on Business which airs every Saturday.
In 1998 he founded the Rogers International Commodity Index, which has increased 263% since Aug. 1, 1998 (as of June 2006). In 2005, Rogers wrote the book Hot Commodities: How Anyone Can Invest Profitably in the World's Best Market. In this book, Rogers quotes a Financial Analysts Journal academic paper co-authored by Yale School of Management professor, Geert Rouwenhorst, titled Facts and Fantasies about Commodity Futures. Rogers contends this paper shows that commodities investment is one of the best investments over time, which is a concept counter to conventional investment thinking.
Ad1, Who was Warren Buffett?
Again, notes from my Journal.
ARTICLE:
How Warren Buffett made his Billions
Moneycontrol.com
December 26, 2006
Warren Buffett is a man who has made millions but he also started working at his father's brokerage when he was 11 years old, that's an age when most other kids were playing hide-n-seek and didn't know how to spell 'brokerage'.
This financial wizard is by recent estimates, worth $46 billion but how he got there is the fascinating story.
It all began in the family grocery store back in Omaha. Buffett's great grandfather started the store in 1869 and it was in the Buffet family until 1969, till his uncle finally retired. But it's at this store, where he began going around his neighbourhood selling gum. This was before his stint at his father's firm.
Warren Buffett told CNBC's Liz Claman, "My grandfather would sell me Wrigley's chewing gum and I would go door to door around my neighbourhood selling it. He also sold me six Coca Cola for a quarter and I would sell it for a nickel each in the neighbourhood, so I made a small profit. I was always trying to do something like this."
From small beginnings come bigger things and so after selling gum, soft drinks and working with his father, by age 14, he had bought a 40 acres farm in Washington, Thurston County.
But he confesses that he never enjoyed the farm as much as he enjoyed investing in stocks. But the first stock he bought was "Citi Service preferred stock. I had three shares and made all of $5 on it. I had bought it at $38.25 and then I sold it around $40, it went down to $27 in between and after I sold it at $40, it went to $200!"
From that poorly timed stock sale in 1944, he learnt a lesson that became his legendary investment strategy - which is essentially - patience pays, so buy them and hold them. He figured out two other critical things about himself in the 1940s - what he is good at and what he likes to do.
This pivotal moment in his journey came in 1956, when he was just 25 years old. This man who was rejected by Harvard and now armed with contributions from family and friends and $100 of his own money starts a limited partnership with seven people.
Over the next nine years, Buffett turned a $105,000 into $26 million - a stunning 24,000 per cent increase! He had invested mostly in textile companies, farm equipment manufacturers and even a company making windmills.
Warren Edward Buffett Biography:
From Wikipedia, the free encyclopedia
Jump to: navigation, search http://en.wikipedia.org/wiki/Warren_Buffett
(b. August 30, 1930, Omaha, Nebraska) is an American investor, businessman and philanthropist.
Nicknamed the "Oracle of Omaha" or the "Sage of Omaha", Buffett has amassed an enormous fortune from astute investments, particularly through the company Berkshire Hathaway, of which he is the largest shareholder and CEO. With an estimated current net worth of around US$46 billion, he is ranked by Forbes as the second-richest person in the world, behind only Microsoft co-founder Bill Gates.
In June 2006, he made a commitment to give away his fortune to charity, with 85% of it going to the Bill and Melinda Gates Foundation ([3]).
Buffett's donation was the largest act of charitable giving in United States history ([4]).
Despite his immense wealth, Buffett is famous for his unpretentious and frugal lifestyle. When he spent $6.7 million of Berkshire's funds on a corporate jet in 1989, he jokingly named it "The Indefensible" because of his past criticisms of such purchases by other CEOs ([5]). He continues to live in the same house in the central Dundee neighborhood of Omaha Nebraska that he bought in 1958 for $31,500 ([6]) (although he also owns a mansion in Laguna Beach, California).
His annual salary of $100,000 is tiny by the standards of senior executive remuneration in other S&P 500 companies, which averaged about $9 million in 2003 ([7]).
Overview
Buffett was born in Omaha, Nebraska to Howard Buffett, a stockbroker and United States Representative, and Leila Buffett. He began working at his father's brokerage at the age of 11, and that same year made his first stock purchase, buying Cities Services shares for $38 each. He sold them when the price reached $40, only to see them rocket to $200 a few years later. This taught him the importance of investing in good companies for the long term. At the age of 14 he spent $1,200 he had saved up from two paper routes [citation needed] to buy 40 acres of farmland which he then rented to tenant farmers.
Buffett initially attended the Wharton School at the University of Pennsylvania, then transferred to the University of Nebraska. There he began his interest in investing after reading Benjamin Graham's The Intelligent Investor.
He obtained a Master's degree in economics in 1951 at Columbia Business School, studying under Benjamin Graham, alongside other future value investors including Walter Schloss and Irving Kahn. Another influence on Buffett's investment philosophy was the well known investor and writer Philip Fisher. After receiving the only A+ Benjamin Graham ever handed out to a student in his security analysis class, Buffett wanted to work at Graham-Newman but was initially turned down. He went to work at his father's brokerage as a salesman until Graham offered him a position in 1954. Buffett returned to Omaha two years later, when Graham retired.
Buffett established Buffett Associates, Ltd., his first investment partnership, in 1956. It was financed by $100 from Buffett, the general partner, and $105,000 from seven limited partners consisting of Buffett's family and friends.
Buffett created several additional partnerships which were later consolidated as Buffett Partnership Limited. He ran the partnerships out of his bedroom, adhering closely to Graham's investment approach and compensation structure. These investments made in excess of 30% compounded annually between 1956 to 1969, in a market where 7% to 11% was the norm.
Buffett employed a three-pronged approach:
• Generals: undervalued securities that possess margin of safety and meet expected return-to-risk characteristics ([8])
• Arbitrages: company events that are not related to broader market changes, such as mergers and acquisitions, liquidation, etc.
• Controls: build sizeable holdings, ally with other shareholders or employ proxies to effect changes in companies
In 1962 Buffett Partnerships began purchasing shares of Berkshire Hathaway, a large manufacturing company in the declining textile industry that was selling below its working capital. Buffett would eventually dissolve all his partnerships to focus on running Berkshire Hathaway. At the time, Charlie Munger, Berkshire's current Vice Chairman, remarked that purchasing the company was a mistake, due to the failure of the textile industry. Berkshire, however, became one of the largest holding companies in the world, as Buffett redirected the company's excess cash to acquire private businesses and stocks of public companies. At the core of his strategy were insurance companies, due to the large cash reserves ("float") they must keep on hand to pay out future claims. Essentially, the insurer does not own the float, but may invest it and keep any proceeds.
Under Munger's influence, Buffett's investment approach moved away from a strict adherence to Graham's principles, and he began to focus on high-quality businesses with enduring competitive advantages. He described such advantages as a "moat" that kept rivals at a safe distance, as opposed to commodity businesses, which sell undifferentiated products and face direct competition. A classic example of a wide-moat company is Coca-Cola, because consumers are willing to pay more for a Coke than for a generic beverage with a similar taste. On the other hand, salt is considered a commodity product because consumers generally have no preferences for one brand of salt over another.
Investment in wide-moat businesses has become a hallmark of Berkshire Hathaway, particularly when buying whole companies rather than public stocks. As a result, it now owns a large number of businesses which are dominant players in their respective industries, specialize in various niche markets, or possess other unique characteristics to separate them from their competitors.
Historical timeline
Education:
Woodrow Wilson High School, Washington D.C. in 1947
Wharton School of Finance, University of Pennsylvania, 1947-1949
B.S. University of Nebraska, 1950
M.S. in Economics, Columbia University, in 1951.
Employment:
1951-1954 Buffett-Falk & Co., Omaha - Investment Salesman
1954-1956 Graham-Newman Corp., New York - Securities Analyst
1956-1969 Buffett Partnership, Ltd., Omaha - General Partner
1970-Present Berkshire Hathaway Inc, Omaha - Chairman, CEO
1943: (13 years old)
Buffett filed his first income tax return, deducting his bicycle as a work expense.
1945: (15 years old)
• In his senior year of high school, Buffett and a friend spent $25 to purchase a used pinball machine, which they placed in a barber shop. Within months, they owned three machines in different locations.
1950: (20 years old)
• Buffett enrolled at Columbia Business School after learning that Benjamin Graham and David Dodd, two well-known securities analysts, taught there.
• During this time, Buffett also pledged to the Alpha Sigma Phi fraternity. He is still active today, donating every year to the fraternity.
1951: (21 years old)
• Buffett discovered Graham was on the Board of GEICO insurance at the time. After taking a train to Washington, D.C. on a Saturday, Buffett knocked on the door of GEICO's headquarters until a janitor allowed him in. There, he met Lorimer Davidson, the Vice President, who was to become a lasting influence on him and life-long friend.[2]
• Buffett graduated and wanted to work on Wall Street. Buffett offered to work for Graham for free but Graham refused. He purchased a Texaco gas station as a side investment, but that venture did not work out as well as he had hoped. Meanwhile, he worked as a stockbroker. During that time, Buffett also took a Dale Carnegie public speaking course. Using what he learned, he felt confident enough to teach a night class at the University of Nebraska, "Investment Principles." The average age of the students he taught was more than twice his own.
1952: (22 years old)
• Married Susan Thompson.
1954: (24 years old)
• Benjamin Graham offered him a job at his partnership at a starting salary of $12,000 a year. Here, he worked closely with Walter Schloss.
1956: (26 years old)
• Graham retired and folded up his partnership. Since leaving college six years earlier, Buffett's personal savings grew from $9,800 to over $140,000. Returned home to Omaha and created Buffett Associates, Ltd., an investment partnership.
1959: (29 years old)
• Buffett was introduced to Charlie Munger, the man who would eventually become the Vice Chairman of Berkshire Hathaway, and an integral part of the company's success. The two got along immediately.
1962: (32 years old)
• Buffett discovered a textile manufacturing firm, Berkshire Hathaway, that was selling for under $8 per share. Through his partnership, Buffett eventually purchased 49% of the outstanding shares.
1965: (35 years old)
Took control of Berkshire Hathaway at the board meeting and named a new President, Ken Chace, to run the company…
Ad1, STOCK MARKET PRINCIPLES:
More notes from my Journal.
Sir Issac Newton’s laws of physics points to many profound and important rules in the stock markets today. So, here it is, the physics of the stock markets.
Newton’s First Law of Trading
“A Stock at rest tends to stay at rest and a Trending Stock tends to stay in trend unless acted upon by an equal and opposite reaction or an unbalanced force.”
This law teaches us the same thing the old commodity traders will… that the trend is your friend. If a stock is trending sideways, it tends to stay sideways until a powerful enough market force takes it out of its trend. If a stock is trending up or downwards, it will tend to stay moving up or downwards until drastic changes happen to the company or the market at large creating an “equal and opposite reaction”. We should therefore always trade in the direction of a trend and always be vigilant for signs of an ”equal and opposite reaction” or the “unbalanced force”. Such a force may take the form of a drastic change in the market sentiment at large or drastic change in the performance of the specific company in question.
Newton’s Second Law of Trading
“The acceleration of a stock as produced by a market consensus is directly proportional to the magnitude of that consensus, in the same direction as the consensus, and inversely proportional to the mass of the stock.”
This law teaches us that a stock moves up or down into a trend due to a force created by market consensus. How much a stock moves up or down that trend is determined by the magnitude of the market consensus and how “massive” a stock is. By “massive” we are talking about the price of a stock. The more expensive a stock is, the more well established the company has been and the lesser in percentage you will make out of the same move in absolute dollar versus a smaller, less massive stock.
The force of the market consensus is directly proportionate to the event that spurred it. If a company produces a breakthrough product on a worldwide patent, it creates an extremely strong market consensus that is likely to take a stock very far. If a company merely scores a marginally higher earning this quarter, it is unlikely to produce a market consensus that will go very far.
Newton teaches us to not only look at what the news is but also how well established the company is in order to determine how much momentum it will produce in a given trend. The same breakthrough that drives a small company’s shares up by hundreds of percentage points may perhaps move a big company’s shares only by a fraction of that percentage.
Newton’s Third Law of Trading
“For every action, there is an equal and opposite reaction.”
No need to explain this one in much detail, do I?
For every buying or selling, there must be an equal amount of buyers or sellers on the other side. The stock market is a zero sum game. For every buyer, there must be a seller and for every seller, there must be a buyer. The real question is, who is profiting from each of their buying and selling. There is really no such thing as more buyers today than sellers or vice versa. Every trader needs to understand that you can be on the wrong side of the table at anytime and only a sensible portfolio management system can help you go in the long run.
I have traded actively in the stock markets for over a decade and survived with ancient wisdom such as what you have read here. There is indeed wisdom to be found in every corner of our life and if we care to look carefully, we will never be in a lack of guidance”.
For more of the wisdom that have prospered me so far, please visit http://www.MastersoEquity
About The Author
Jason Ng is the Founder of Masters ‘O’ Equity Asset Management. He is a fund manager specialising in options trading and his Star Trading System has helped thousands. For more of the wisdom that have prospered me so far, please visit http://www.MastersoEquity
For additional information on related topics like:
• The Stock Market Report That Wall Street Does Not Want You To Read
• Stock Valuation-The First Step Towards Intelligent Investing:
http://www.blogcharm.com/marketbarometer/55966/Newton’s+Laws+of+Stock+Market+Trading.html
Ad1, 4 Phase Lifecycle of a Stock
Again, this came from my Journal. So, it's my opinion.
ARTICLE:
4 Phase Lifecycle of a Stock
May 7, 2006
Clive Maund
http://www.321gold.com/editorials/maund/maund050806.html
Archives
email: support@clivemaund.com
website: www.clivemaund.com
Like living organisms and processes in nature, stock markets and individual companies and their stocks go through processes of birth, growth, maturity, decline and death or rebirth. This becomes readily apparent when one looks at the long-term charts of stock markets and the long-term charts of the stocks of many individual companies. A knowledge of these cycles is of immense value in stock trading and investing, for if you know what time it is on the "market clock," either for entire markets or individual stocks, or both, you have a pretty good idea and overview of the big picture and are much less likely to be taken in or thrown by moves which run counter to the larger underlying trend. This is why it is worth pinpointing as exactly as possible where a stock is in the 4-stage cycle described below.
Note that the graphic depicts the idealized lifecycle of a stock - birth, growth, maturity, decline and death or rebirth. In the real world it is not always easy to determine exactly where a stock is in its lifecycle, however, to whatever extent it is possible, it is always well worth the effort.
PHASE 1: THE ACCUMULATION OR BASING PHASE:
The basing phase occurs either in the early life of a new company, as it "gets its act together" or after a period of prolonged decline in the stock price of an established company as the company reorganizes and retrenches following a period of adverse business conditions. This phase normally can last anything from a few months to a year or two and may last many years. Although the stock price may be relatively static throughout the basing phase, the technical condition of the stock is steadily changing until, at the end of the basing phase the stock is largely held by owners who have no intention of selling until they realize a substantial profit. Frequently, a well-defined resistance level develops at the top of the base area, so it is usually clear when a breakout from the base area to enter Phase 2 has occurred.
PHASE 2: THE GROWTH PHASE:
As business conditions for the company start to improve the stock "breaks out" of its long base, on increasing volume to enter the growth phase. The uptrend becomes self-reinforcing, as the majority of existing stock holders are unwilling to sell a rising asset and new investors must bid up the price to obtain stock. The continuing rise is fuelled by steadily improving business conditions for the company. Though out Phase 2 the price of the stock runs ahead of its 200-day moving average, any approaches to which presenting buying opportunities, and are frequently a good point at which to buy call options.
PHASE 3: THE TOP OR DISTRIBUTION PHASE:
This is the phase during which astute stock owners, aware that the good times cannot carry on indefinitely and that the stock is overvalued, distribute their holdings to less discerning investors, under the cover of good economic news and rosy earnings figures etc. There is normally plenty of time to get out, the top area usually ranges from several months to a year or two in duration. Early warning that the good times are over and that a top may be beginning to form is provided by the price breaking below the 200-day moving average, as it refuses to advance further and moves sideways into the top area trading range.
PHASE 4: THE DECLINING PHASE:
A stock will normally enter the declining phase without the reason or reasons being readily apparent, but as the decline continues more and more bad news and evidence of deterioration surfaces driving the price lower and lower. There are usually one or more "false dawns" on the way down, when the market wrongly assumes that the worst is over and that the price has bottomed, but generally, the reverse dynamic exists to that which was in effect on the way up in phase B: investors being unwilling to buy a falling asset. Approaches towards the falling 200-day moving average provide shorting opportunities, and are good times to buy put options. On www.clivemaund our efforts are directed towards finding and capitalizing on stocks which are late in Phase 1 or early in Phase 2, as stocks in this stage of the overall cycle clearly offer the greatest potential for safe and substantial capital appreciation. The reason that the Oil and Precious Metals sectors are the focus of the website is that many stocks in these sectors are clearly in Phase 2 up-trends. Some are midway through Phase 2 advances, while others are early in Phase 2 or very late in Phase 1 - the ideal point at which to buy. This all sounds great in theory, but how does it work out in practice?
Some real-life examples illustrating the theory in action are presented now in the form of links back to the original recommendations, where Avino Silver and Gold ASM.V, Coeur d'Alene CDE, ECU Silver ECU.V, New Guinea Gold NGG.V,
Polymet Mining POM.V and Silvercrest Mines SVL.V were actually bought very late in Phase 1, in the case of Silvercrest one day before the breakout to commence Phase 2 occurred, and Taseko Mines was bought early in Phase 2. Most investors are news driven, that is, they need solid fundamental evidence that the outlook for a company is good before they buy a stock. The problem with this approach is when they have the needed evidence, so has everybody else and it's already in the price. I get Emails from people almost on a daily basis asking me to look at such-and-such a stock, which has very often already risen by 400 - 600%, and it is thus clear that the market has already discounted the good news or outlook. The time to buy a stock is when the news is almost universally bad, for the simple reason that this is time that nobody wants it, and the weak hands, responding to the bad news, will be tossing it overboard, often for a large loss. The time to sell is when the news is rosy, which is almost always the case after a major uptrend. The public needs good news to buy, and the financial media, who are the servants of Smart Money, are only too willing to oblige with glowing reports and wonderful stats. The average investor sucks it up like a vacuum cleaner, and rushes into the market to pay top dollar, and, as in that saying "marry in haste, repent at leisure" has plenty of time to regret it later. Some years back there was an election campaign slogan in the US that went "Keep it simple, stupid!" Nowhere is this more true than in the stockmarket, where traders and investors are daily assaulted by a tidal wave of information, both fundamental and technical, at least 99% of which is irrelevant, and to the extent that it has the power to waste time it is actually a handicap. You could lose a lot of sleep and easily go crazy if you don't learn how to handle this stuff. One of the biggest challenges facing investors, especially newbies, is learning to "sort the wheat from the chaff" - to sift out what is relevant and significant. This is something that takes time and experience and there are no shortcuts. Thus, although some may consider the 4-phase cycle presented here as crude and simplistic, it has practical application and is effective and does not involve much time input, and that's what matters. Some may wonder why I am not concerned about giving away the "tricks of the trade" by posting an article such as this on public websites, since it may encourage more people to buy low and sell high. The answer is that there is no force on earth, except perhaps a communist shutdown of the markets, powerful enough to stop the average investor from buying at the top and selling at the bottom. Nothing that has been published to date has succeeded in deflecting the public from its insatiable desire to buy at the top and sell at the bottom, and quite probably nothing ever will, because the masses are, by definition, sheep - if they weren't they couldn't be fleeced, could they?
This article will only be read by a small percentage of those engaged in trading stocks in these sectors, and, except for the few who have the presence of mind to save it, or make an effort to remember the 4-phase cycle, it will soon will be buried by layers of later contributions from other writers, and thus largely forgotten. Only those who deserve to add the information presented here to their arsenal of trading techniques will have this information at their disposal in the future. I have known about the 4 Phase lifecycle of a stock for years, but did not recall where I picked up the idea, but have used it to great effect ever since. A subscriber has advised me that it first appeared in a market publication back in the 80's called "The Professional Tape Reader" written by Stan Weinstein. Thanks Dan.
Ad1, GOING LONG THE MARKET:
Again these notes are from my Journal, so they are my opinion.
Long - Investors who go "long" simply own stock or another security. It is a term that means the opposite of "short," in which investors are short a stock or security because they have borrowed it and sold it to someone else.
ARTICLE:
Enrico Orlandini’s
The Bull Lives!
October 21, 2005
DOW THEORY ANALYSIS SAC formerly LASCO REPORT
Miraflores, Peru
First Phase:
The typical Bull Market can be divided into three phases: Phase 1, characterized by the entrance of so-called "smart money." These are large, sophisticated investors who like to get in at the bottom and sit through the entire move up. Think Rothschild! They can move tremendous amounts of money and never leave so much as a ripple in their wake, and they don't just go in and buy everything in sight either. No, they'll start with a relatively (to them) small position and accumulate on dips and over a period of months, sometimes years as is the current case with gold. It is my opinion that we've just finished the First Phase of our Bull Market in gold. Think about this; these folks took four years to build a position. Meditate on the patience and discipline required to do such a thing! They wouldn't go through such a laborious effort for a typical Bull Market that lasts twenty-four months. That alone tells you that this particular Bull is something special.
Second Phase: This is where the Merrill Lynches and J. P. Morgan's of the world suddenly discover that something big and mysterious and wonderful is happening and their customers should reap some of the benefits. That's where we're at now; we've just begun the second phase, and this is typically the longest and most difficult of the three levels. In the Weekly Chart shown above, you could identify the beginning of the second leg with the September breakout above 450.00. Now you are going to see that the Bull will do everything in its power to get you off of his back. Also, getting back to the time issue, I want you to think about something. If the first phase lasted four years, and the second segment is typically the longest, then we won't see the beginnings of the third stage until sometime in 2009! That's a generational Bull Market, i.e., once in a lifetime, and that's why the big money took such pains to establish their position.
Third Phase: Should be the last stage. This is where you pull into the local neighborhood gas station and the kid who fills your tank tells you about some junior mining share that he bought and how it rose 50% in a month. It's the blow-off stage where we go higher, faster than anyone thought possible. It will also prove to be the period where the most money will be made. I suspect this stage will last anywhere from one to three years, into 2012, and should top out at US $2,500 an ounce. This is what a generational Bull Market looks like.
Now I want to throw in a caveat.
There just might be a Forth Stage whereby we see a collapse of economic, moral and political structures in the U.S. and a disappearance of the dollar along with it. If and when that happens, all bets are off. We came close in 1907, and again in 1929, but we were a different nation then. The average man on the street had values, family mattered, and we produced something. My fear and suspicion is that this time we reach the tipping point and over she goes. The decline and fall of the Roman Empire comes to mind. Something so terrible that a whole nation could just up and disappear in what seems like an instant!
Ad1, It's IRS Time Again: OK, Now What? What are we going to do with these SGCR profits?
These notes are from my Journal from last year. It's always a good idea to review once a year to see if there's any changes to the IRS Code. Are there any for 2006?
I use these as my guideline and they change from year to year. I suggest you make your own.
PAYING IRS TAXES:
ETF’s - Don’t buy unless you plan on keeping more than one year.
Short Term Capital Gains Tax (less than a year) Now=35% Later=23%
Long Term Capital Gains Tax (over a year) Now=28% Later=23%
As noted, the difference in taxation between these two investment vehicles is rather large, especially in all transactions under a year in duration.
REMEMBER, by holding my core positions I put myself in a position to minimize my taxes and pay long-term capital gains when I do decide to take profits down the road.
5-15-06
AT TAX SEASON VERIFY TAX RATES!!!
Silver Institute
(202) 835-0185
Congress and Senate are scheduled to vote on lowering gold & silver tax rates. Plan to change from being a collectable to a precious metals stock. Bill #HR-574 S-611. Should be a new tax rate for 2006?
Reminder Note: Determine what the new precious metal stock tax rate will be for 2006. Sounds like there's a change coming. “For those of you concerned that the unequal tax treatment of your gold holdings, and judging by my email there are a lot of you, J. Kent Willis has reported that "Joint legislation from Nevada Senators Reid and Ensign aka 'Fair Treatment for Precious Metals Act' passed the US Senate in 2004 with a vote of 92-5. The House has not approved it yet, but will soon." The bill will treat gold bullion investments as it does other equities, with short and long term tax rates of 20% and15%, instead of continuing to treat gold as a collectible, and thus taxable at the 28% rate”.
ADDITIONAL READING:
Tax Traps Can Snare Your Capital Gains
By: Leonard Wiener
Posted Sunday, July 16, 2006 in US News.com
http://www.usnews.com/usnews/biztech/articles/060716/24checklist.htm
SELLING: The Psychology of Human Behavior, Philosophy and Personal Growth
I had a friend in high school. He tutored me for free to get me ready for a Trig Exam. I asked him why he did it? He said it helped him to formulate the material in his mind as final preparation for the test. It showed him the areas where he was weak. So, that night all he had to do was go home and brush up on what he needed to learn for the exam. He also said by doing this he didn’t have to study as much because he only had to go over the material he didn’t know. As it turned out I wasn’t the only one he helped. He tutored mostly girls, which is why he always had a date. He is now a medical doctor.
Understanding human behavior has helped me to make better decisions and understand how this game is played. Some people have better intuition than others. The better one gets at interpreting one's own intuitive skills, the easier it becomes to identify potential money making opportunities.
The quicker we learn these lessons the better trader we will become. Unfortunately, it seems one can only learn from personal experience? If you know of another way, please let me know.
Bottom Line: The faster we learn psychology and human behavior the better stock trader we become.
Fear is the culprit. One has to overcome the fear of losing money. I have missed many trades because I sold too soon. Here's an example of two:
Silverado Gold-SLGLF:
Clive Maund sums it up nicely in his article, Now Try Telling Me That Charts Don’t Work:
http://news.goldseek.com/CliveMaund/1140471870.php
This one I Sold Way Too Early, in the First Wave at a dime. It had 2 more waves. The above article is written just about this type of trade.
Nanobac Pharmaceuticals-NNBP:
Here’s a similar example where I sold in the first wave at around a dime. Why, because I was tired of waiting and wanted to buy another stock. It was a big mistake. In this particular case it had 2 additional waves. Look at the volume in the second wave. The volume is really important to watch.
I now refer to these trades as, First Wave Selling.
So, what’s the lesson in these 2 examples?
Get over the fear of losing money?
Don’t get impatient?
In both examples I owned both stocks for over a year. I thought they were duds. I sold them out of frustration (to be rid of them) and invested the money in another company. In both cases, if I’d been more patient, their pay off would have been three to five times greater!
DECIDING WHEN NOT TO SELL:
(This one I Kept to Sell later. It ran up just after I bought it. Did I make the right decision?)
Altus Explorations Inc-ATUX
Here’s an example of one that I thought had a lot more momentum left in her. I passed on selling her, determined to get a better return. Did I make a mistake? That’s the funny thing in this business. Hindsight is always 20/20. In this case not enough water has traveled under the bridge to know if I made the right decision. What would you have done, would you have sold at 0.12?
Bottom line is the charts do what the charts do. Sometimes, we get lucky and sometimes we don’t. But, it does help to learn the human behavior issues. In both cases the MM’ers or the company’s shake out the week hands intentionally before releasing the Bull’s to Run. That’s what’s difficult to read. We must develop our intuition and skills of reading charts. The charts never lie.
Reminder:
Another good thing to remember is that back in the 1950’s Warren Buffett held his stock positions for nine years before he sold.
Ted Warren believed in charts. I post these notes again for easy access for both you and for me.
Advanced Commodity Trading Techniques:
THE MANUAL (Out of Print)
By Ted Warren
Warren’s Trading Techniques came from his writings and experiences documented during the 1930’s through 1950’s. I like his techniques because they are simple.
Every trader is responsible for his own decisions. If you trade from these notes you accept full responsibility for your actions whether you win or lose.
Notes:
• Sought markets that were just ending a lengthy accumulation base. Got in when the chart gave him the right signal.
• Warren’s not interested in short term trading, too risky. Don’t have the temperament.
• Worst enemy is emotions. Fear of missing a move was primarily the worst weakness, causing one to get into the market too often.
• Soon became apparent, the importance of manipulation in the market and the psychology of the public which is the basis for interpreting future actions of the market.
• The public will sell at any price when they are scared or when they are pressed by margin calls or for many normal reasons when they are in dire need of cash.
• Charts: Pay attention to head and shoulder bottoms.
• It’s from lengthy low areas that many of the profitable large moves start.
• Only buy high after a proper formation such as a triangle, especially a flat-topped triangle or a long consolidation period of many weeks.
• If your lucky enough to have a bottom or a good formation show up once a year, play it heavily by buying on a scale-up during the early part of the move.
• Playing the small and intermediate moves is what kills you.
• “It is difficult to describe tops in the futures markets. They are almost always made up of violent action. That is the time to sell. But, the very largest moves will have violent trading actions with its shakeouts before the top is made. Sometimes there may be two tops, months apart. There are so many variations. I have sold on the top range, but rarely. Once, I sold rye on a top day purely by accident because I stubbornly held on for a long term capital gain in 1951. I realized previously that the insiders, with their huge profits must try to convert them into long-term capital gains as much as possible. Because of this reasoning I was able to hold on with confidence.”
• Because tops are usually so violent and can so seldom be picked with any degree of accuracy, I advise against trying to sell short.
• Pyramiding: After having bought about one-third of your purchasing ability within the latter part of a head and shoulders bottom during an accumulation or consolidation triangle, you should buy another one-third as it breaks out on the upside. Then after this when it has a reaction, place a stop buy for the other third above the last high. You now have a cushion of profit to help keep you from sweating. As the markup stage continues at a moderate pace with normal setbacks, after each advance into new high ground you can use your paper profits to buy more by placing stop buys above recent highs during a setback. It is very common during this early markup stage for a commodity to form a nearly perfect trend line. As momentum is gathered there may suddenly be a one-day fast rise followed by a sharp setback almost as quickly giving a weak appearance as if it has gone too high. Don’t let it fool you. It’s meant to look this way. You and others are considered to be excess baggage. This was meant to dump you overboard and to discourage buying. Normally after this shakeout with the price recovering to near the recent highs, you can buy more with your paper profits if you wish and move your stop sells to below the recent low. Remember if you have a long base behind this move you can expect a large rise. After the next fast rise, if it continues to “boil” on the upside, it may be in a top area. From here on, you are on your own. This first violent action may be the tip or it may not be. I have seen tips that appeared to be obvious but sold long before because I had misinterpreted a previous action as a tip. You may wait with patience to pick a strong appearing bottom but when you are in, you are under pressure to pick a selling spot and there comes a time when time is short.
It is important to keep and study old charts to learn to anticipate future action by studying past actions. If their wasnt excess speculation, there would only be moderate price changes.
• Hedging is selling short against commodities in trade and storage. Without speculators there could not be any hedging. Why not make use of the gullible public to absorb the risks involved by wide swings in prices!
• Strange as it seems, after all the know how one will seem to have acquired, nearly every right decision made will turn out to be at the wrong time. When a purchase was made, wasn’t everybody else buying? Obviously, it had to go up. It did but not much. All the bullish news indicated it would go much higher. What went wrong? Simply that too many traders had the same opinion.
• One can afford to plunge with a minimum of risk in the head and shoulders or triangles of long duration.
• Beware of trying for the intermediate moves.
• In the last 16 days of action, I could recognize how the manipulations in the triangle affected the average trader. I could see the internal forces that were being built up. From the trader’s viewpoint, it was obvious the rise could not continue going up. The trader does not understand that when it is obvious to him it is also obvious to the majority. Except for temporary periods, the majority is always wrong because the insiders are on the opposing side, just like a contest. They know what they are doing and have the power to do it.
• Chartist: Study the charts carefully. When I don’t have a positive appearing formation to back up my opinion, I seem to get frightened too easily.
• It’s far better to buy in at as safe a manner as possible. If I can buy into a slow rise that confirms my opinion from a sound base, I will acquire a cushion of profit against an early shakeout. There are no signs for the average fundamentalist to foresee the big move ahead except from what I can extract from the charts. Keep studying the charts.
Review of Bill Panetta's Charting Techniques:
Moderator: Bill Panetta
Created: 8/3/2005 11:37:34 AM
Bill Panetta's charting techniques:
http://www.investorshub.com/boards/board.asp?board_id=4203
Bill Panetta Live Chat Instructions (Video)
http://www.breakouttrading.net/index2/marketupdates/index.php?file=paltalk.swf
Quote Tracker Video Presenation(how to manage the Bottombusters and Powerscans: http://www.breakouttrading.net/index2/marketupdates/index.php?file=qt.swf
Educational Posts:
Esignal Article write up on 50% rule: http://www.esignalcentral.com/exchange/05_2006/third_party_spotlight.asp
Bill's Educational Video Library: http://www.breakouttrading.net/index2/forums/index.php?board=10.0
Bill's new article on trading Small Cap Stocks:
Stocks That Make Kool-Aid Status: How Popular is my Stock?
Bill Panetta Charting Techniques Post#1259
http://investorshub.com/boards/read_msg.asp?message_id=15914506
Catch Bill Panetta live Thursday's and Friday's on tradersnation, known to be in the largest syndicated radio and television broadcast show for small-cap stocks.
Listen to Bill as he talks about the latest trends and developments in the small-cap arena. If you still are struggling with small-cap stocks and you're not finding the hot movers get your pen and paper out and be ready to learn and be educated on small-cap trading.
Showtime is 11AM est.
Live feed is channel 1: http://www.tradersnation.com/channel1_tn.shtml
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WHEN TO SELL-PATIENCE, PATIENCE, PATIENCE
There's a lot of research written about selling, These Articles & Notes are from my Trading Journal.
I have compiled this in three parts to break up the information into bite size portions so it can be digested easily.
Part 1:
Bill Panetta’s 50% rule: http://www.esignalcentral.com/exchange/05_2006/third_party_spotlight.asp
http://www.trade10.com/Elliot_Wave.html
Watch The Hammer Affect:
http://www.investopedia.com/terms/h/hammer.asp
ARTICLE:
When to Sell a Stock?
By: Mike Hoy
March 30, 2006
http://www.gold-eagle.com/editorials_05/hoy033006.html
http://www.gold-eagle.com/research/hoyndx.html
The first biggest mistake is deciding to sell stocks at prices that will prove to be pennies on the dollar before they reach their ultimate bull market highs.
First, start with the management of each company. There is no such thing as a “good investment” without a capable management team to get the job done. I do not even consider an investment if I am not comfortable with management.
Second, look at the business plan. I must know where management proposes to take the company and how they hope to get there. If management has a solid business plan then determine how long it will take for the company to accomplish their goals. It is important to remember why we made the decision to make the investment in the first place.
DECIDING WHEN TO SELL!
In a bull market practically all stocks rise in the sectors benefiting from the favorable market conditions. The key to wealth is knowing which stocks to take profits from and which ones to hold as core positions. Corrections and consolidations give opportunities to build positions. I always get a charge from people who seem to think that just because a stock rises in value an investor has to take a profit so as not to lose what he has made on paper. I liken this to my days as a broker, years ago, when I saw time and time again how investors were very easily encouraged to take a profit and reinvest the proceeds into a position that was underwater. I too was guilty of doing this as I felt it was the right thing to do. Time and experience has proven the error of this type of thinking. In practically all cases it was the losing stock position that should have been sold with the proceeds used to buy more of the winning stock. Often investors will take a profit from one company to purchase an investment in a new company. I have never been able to understand how this logic is supposed to lessen an investor’s risk when the capital is reinvested in a new venture. Seems to me the investor is starting the risk all over again.
In my three favorite companies my money has more than doubled in one and tripled in the other and up more than tenfold, on my initial investment, in the third. Once an investor sees returns of this nature on the stocks in their portfolio they will then have the confidence to not worry about the day to day price volatility in their portfolios. This type of attitude can very easily be adopted when one is in a bull market in the sectors that you own. As time moves forward I am automatically checking the progress of my investments with the business plans that the management of my investments have laid out for them to accomplish. If I find that management is successfully moving my investments towards a final goal, which inevitably is proving up an ore body or putting an already proven ore body into production, then I am a happy camper and I will continue to own and build positions in my investments. Most investors do not realize that the companies they own could be considered more undervalued at two or three times their purchase price as management successfully delivers on their business plans. This is where the boys are separated from the men. Being able to understand true value from building a company from the ground floor up versus a stock that simply has a very good marketing team telling a good story is the key in knowing when to take a profit versus owning a stock as a core holding. In the three stocks I referred to I am very happy to say that I have added to my positions as management has proved up additional value to the companies. I have taken money from companies whose management failed to deliver and used that as the additional funds to build my winning positions.
IMO, the reason I have been drawn to making investments in start up junior mining and natural resource companies deal directly with the rewards of finding the company with a resource that becomes a positive cash flowing mine. I know that very few companies have bodies of ore that will ever see the day when they will be called a producing mine. The odds are stacked against every junior mining company ever becoming classified as a successful producing company. However, the rewards of being successful in finding a junior that is bought out or becomes a producing company far outweigh the risk associated with making the investment. Huge profits and returns await those who are successful and patient.
The ironic part to this story deals with companies that may falter in being able to timely deliver on their business plans. There are many reasons why a company may fall behind; some of these reasons are totally acceptable as being normal in the mining industry. In cases like this positions should be built to take long term advantage over a short term holdup. The “boys” also get separated at this point as many times these failures are warning signs that something is not right. I like to refer to these failures as “Material Changes.” Time always separates fact from fiction. A shrewd investor can recognize material changes as time brings the truth out of fiction. As time reveals that management has made mistakes, overestimated ore bodies, underestimated costs, fudged the truth about what they hoped to have, or simply did not have a clue what they originally hoped to accomplish in the first place; there is consolation in knowing that all is not lost. In a bull market there is a strong possibility that good money can still be made when an individual owns a company like this. Remember a rising tide will lift all boats. Knowing that “all is not well” is the first step in knowing that this company is on its way out of my portfolio. I will make sure I liquidate companies of this nature as they move up in price and liquidity offers a timely exit. I get a charge out of being able to make money on companies that deserve to be liquidated at a loss. Have you ever noticed that stocks offer excellent liquidity to sell as they move higher in price? The important point to make here is; if you decide to sell a stock out of your portfolio do it when liquidity gives you the opportunity to do so not when your emotions stir you to sell.
THREE SECRETS;
The three secrets to making big money in the markets are:
1) Accumulating good quality stocks or stocks that have great potential when no one wants them
2) Being able to let loose of the stocks that encounter material changes when they rise and liquidity offers the opportunity to delete them from your portfolio
3) Knowing which stocks should be considered core holdings where weakness should be viewed as an opportunity to build positions at a discount
CONCLUSION:
Like I have said, knowing when to sell a stock can be very complicated. Ultimately my decisions to sell are based on the accomplishments of management in being able to deliver value to their shareholders. By holding my core positions I put myself in a position to minimize my taxes and pay long term capital gains when I do decide to take profits down the road.
Part 2:
Advanced Commodity Trading Techniques:
THE MANUAL (Out of Print)
By Ted Warren
Every trader is responsible for his own actions. If you trade from these notes you accept full responsibility for your actions. Do your own due diligence.
Warren’s Trading Techniques came from his writings and experiences documented during the 1930’s through 1950’s. I like his techniques because they are simple.
Notes:
• Sought markets that were just ending a lengthy accumulation base. Got in when the chart gave him the right signal.
• Warren’s not interested in short term trading, too risky. Don’t have the temperament.
• Worst enemy is emotions. Fear of missing a move was primarily the worst weakness, causing one to get into the market too often.
• Soon became apparent, the importance of manipulation in the market and the psychology of the public which is the basis for interpreting future actions of the market.
• The public will sell at any price when they are scared or when they are pressed by margin calls or for many normal reasons when they are in dire need of cash.
• Charts: Pay attention to head and shoulder bottoms.
• It’s from lengthy low areas that many of the profitable large moves start.
• Only buy high after a proper formation such as a triangle, especially a flat-topped triangle or a long consolidation period of many weeks.
• If your lucky enough to have a bottom or a good formation show up once a year, play it heavily by buying on a scale-up during the early part of the move.
• Playing the small and intermediate moves is what kills you.
• “It is difficult to describe tops in the futures markets. They are almost always made up of violent action. That is the time to sell. But, the very largest moves will have violent trading actions with its shakeouts before the top is made. Sometimes there may be two tops, months apart. There are so many variations. I have sold on the top range, but rarely. Once, I sold rye on a top day purely by accident because I stubbornly held on for a long term capital gain in 1951. I realized previously that the insiders, with their huge profits must try to convert them into long-term capital gains as much as possible. Because of this reasoning I was able to hold on with confidence.”
• Because tops are usually so violent and can so seldom be picked with any degree of accuracy, I advise against trying to sell short.
• Pyramiding: After having bought about one-third of your purchasing ability within the latter part of a head and shoulders bottom during an accumulation or consolidation triangle, you should buy another one-third as it breaks out on the upside. Then after this when it has a reaction, place a stop buy for the other third above the last high. You now have a cushion of profit to help keep you from sweating. As the markup stage continues at a moderate pace with normal setbacks, after each advance into new high ground you can use your paper profits to buy more by placing stop buys above recent highs during a setback. It is very common during this early markup stage for a commodity to form a nearly perfect trend line. As momentum is gathered there may suddenly be a one-day fast rise followed by a sharp setback almost as quickly giving a weak appearance as if it has gone too high. Don’t let it fool you. It’s meant to look this way. You and others are considered to be excess baggage. This was meant to dump you overboard and to discourage buying. Normally after this shakeout with the price recovering to near the recent highs, you can buy more with your paper profits if you wish and move your stop sells to below the recent low. Remember if you have a long base behind this move you can expect a large rise. After the next fast rise, if it continues to “boil” on the upside, it may be in a top area. From here on, you are on your own. This first violent action may be the tip or it may not be. I have seen tips that appeared to be obvious but sold long before because I had misinterpreted a previous action as a tip. You may wait with patience to pick a strong appearing bottom but when you are in, you are under pressure to pick a selling spot and there comes a time when time is short.
It is important to keep and study old charts to learn to anticipate future action by studying past actions. If their wasnt excess speculation, there would only be moderate price changes.
• Hedging is selling short against commodities in trade and storage. Without speculators there could not be any hedging. Why not make use of the gullible public to absorb the risks involved by wide swings in prices!
• Strange as it seems, after all the know how one will seem to have acquired, nearly every right decision made will turn out to be at the wrong time. When a purchase was made, wasn’t everybody else buying? Obviously, it had to go up. It did but not much. All the bullish news indicated it would go much higher. What went wrong? Simply that too many traders had the same opinion.
• One can afford to plunge with a minimum of risk in the head and shoulders or triangles of long duration.
• Beware of trying for the intermediate moves.
• In the last 16 days of action, I could recognize how the manipulations in the triangle affected the average trader. I could see the internal forces that were being built up. From the trader’s viewpoint, it was obvious the rise could not continue going up. The trader does not understand that when it is obvious to him it is also obvious to the majority. Except for temporary periods, the majority is always wrong because the insiders are on the opposing side, just like a contest. They know what they are doing and have the power to do it.
• Chartist: Study the charts carefully. When I don’t have a positive appearing formation to back up my opinion, I seem to get frightened too easily.
• It’s far better to buy in at as safe a manner as possible. If I can buy into a slow rise that confirms my opinion from a sound base, I will acquire a cushion of profit against an early shakeout. There are no signs for the average fundamentalist to foresee the big move ahead except from what I can extract from the charts. Keep studying the charts.
Another Book By Warren-1966, 1993, 1994, 1995, 1998:
How To Make The Stock Market Make Money For You by Ted Warren
http://www.4starbooks.com/product.php?productid=16382&cat=0&page=1
http://www.amazon.com/s/ref=nb_ss_b/102-4904825-9405732?url=search-alias%3Dstripbooks&field-keyw....
STRATEGY:
Everyone develops their own style of trading. Here’s two I find interesting.
• I like buying at least 100,000 shares minimum at a time. I figure if a stock is worth owning, that’s what I start out with and go from there.
• Any individual stock is down 90% and only up roughly 10% of the time.
• I trust the charts. Keep a close eye on them.
• The price and volume patterns are the most important things to monitor.
Here’s a friends Trading Strategy:
• Never invest in anything when you do not really understand what the company does.
• Be careful when investing in companies that are under 5 years old.
Part 3:
Two Friends Recommended these two books:
Technical Analysis of the Financial Markets by John J. Murphy
http://worldcat.org/wcpa/oclc/39615008
New York Institute of Finance - A comprehensive guide to trading methods and
applications. Its like a bible for any chartist - 542 pages.
IMO, it’s the best Technical Analysis book for learning the fundamentals.
&
Technical Analysis of the Futures Market by: John J. Murphy
A Comprehensive Guide to Trading Methods and Applications
NEW YORK INSTITUTE OF FINANCE -A Prentice-Hall Company -
Do you know about (NSS) naked short selling? Go To:
http://www.investorshub.com/boards/board.asp?board_id=7537
Scroll down to find a Summary I posted titled NAKED SHORT SELLING:
If you want to search for a specific company, go to the Board Search box 2007 at top right hand corner of page and type in USXP and related articles will come up.
Poster of model Anna Torkarska on the tallest poster site in the UK,
near the M4 motorway in west London.
USXP has been the target of illegal naked shorting. If you don't know what NSS shorting is go to:
http://www.investorshub.com/boards/board.asp?board_id=7537
Scroll down to find the Summary I posted titled NAKED SHORT SELLING:
If you want to search for a specific company, go to the Board Search box at top right hand corner of page and type in USXP and the articles will come up.
You didn't buy USXP did you?
Ad1, I have my notes ready to review from Ted Warrens Trading Manual, if your ready?
Don't you even believe it. I wouldn't touch USXP with a 10 foot pole. I believe its headed for a reverse split pretty soon. The company has been going down hill for the last 2 years. I also don't trust them, the news releases IMO are all hype. Be very cautious.
Ad1, that's the pits, I wrote 4 posts on your site, spent an hour creating the posts, all for naught. I checked my log and they have all been erased. You might contact Admin Matt and ask him what happened. Might be because there was no moderator.
One of my posts was:
You need to sign up for I-Hub Premium membership and I will help you learn to post charts and photos. The offer still stands.
INXS, Thanks for the heads up! I'm going to stick with posts on this site for right now. Running out of spare time. Have been boxing to move. Tomorrow's going to be a busy day, starting at 7am with movers.
If you have any updated information other than what I've already posted in the I-Hub Boards I-Box, let me know and I'd be happy to include it.
How long have you been an ATEX Long? I've been with them for a couple of years and was with them during the last bull run.
It's going to be nice when we finally get out of this hole we've been in. The bounce has happened and we're on the way back up.
Lets stay in touch. Always good to have comradery with a fellow ATEX Long!
Thanks, photography has turned into my hobby!
Ad1, That sounds good to me, I like the east side and I like George Jefferson.
Yes, Ad1. I'm no pro and I don't know exactly. I'll answer your question as truthfully as I know how, to the best of my knowledge. I haven't read anything yet to confirm my instinct. IMO, my instincts say, its like gravity, it just happens.
In your research, did they give examples of charts showing how it works and what it looks like? I have a book with examples but I have no way of posting them. It would be great if you could post examples from the internet. Its really amazing how it works, just like the sun rising and the sun setting. You can count on it.
Let's keep digging, maybe we can find something that will calrify this natural wonder.
Hilander Q: "I'm not sure why the 50% retracement works so well as resistance (support). Maybe it's something to do with supply and demand theory being the point at which the number of buyers and sellers should be equal. Any thoughts?"
Its a strange thing, like a natural phenomena.
Saturn eclipses the Sun as seen from the Cassini–Huygens space probe.
Ok fine. You did good digging up the research data. Now, you need to cut & paste. Cut the information from its source and paste it within the post area for the rest of us to learn from.
Don't worry, its easy to learn.
I'll keep giving this extra attention over the weekend till you get the hang of it. Next week, I'll be running really short on spare time. So, I'm gonna post next weeks posts this weekend.
What type of computer do you use? Mac or PC ?
Ad1, Pro help is good when it comes to managing a professional portfolio. As I said before, I had one for 15 years. After 6 months of studying what they did, I thought I could do better. Once I got my confidence level high enough, I started managing my own money full time. Those paper trading accounts really work.
200K shares is a good amount to hold. My philosophy is, a stock's not worth owning unless you own at least 100K shares. You did good on the buy side, now start working on the sell side. Congratulations, your gonna do really well on this trade. Nothing like beginners luck right outta the starting block!
Patience, Patience, Patience.
Yes and its time for those MM'ers to get off their coffee break and get down to some serious Long Investing!
The Macd lines are above the Zero Line. Its nice the Macd's have been in the negative zone for so long because companies who advance from the negative zone show the greatest gains.
In a nut shell, the company cannot have major growth without being in the negative Zone. That's when the big advances and big money start to change hands.
In the Aroon 8, the lines are becoming more vertical. Its turning into a very nice looking chart.
Ad1, For fifteen years, I had a professional manager because I didn't have time to do it myself. When I made the decision to find a better way, that's when I started studying and opened my eyes to a whole new world. I opened my on-line trading account 3 years ago.
I actually started this journey by reading about Michael Milken back in 1992 after being laid off from a company downsizing. I figured if he could make that much money stealing money from little old ladies. All I had to do was develop a simple trading strategy that works for me. I've figured that out with the help of Ted Warren, an old timer who traded stocks on the side while he worked construction back in the 1930's. Once he figured out his system, he quit construction and traded stocks full time until his death.
All the brokers and professional managers want you to think its difficult. They will give you their 30 minute rendition of how their million dollar computers tell them when to buy, sell and short the market. It's what I call their $100 sales pitch. Do you believe them?
Milken's problem was he got greedy, that's what put him away.
That's one major reason I quit working a 9 to 5 job. I had trouble with human behavioral issues and the lack of integrity with business people. They wanted to win at all costs. It cost lots of them their family and friends.
Milkens story is interesting:
Michael Milken
From Wikipedia, the free encyclopedia
Jump to: http://en.wikipedia.org/wiki/Michael_Milken
Michael Robert Milken (born July 4, 1946 in Encino, California). He is an American financier and philanthropist who developed, after almost single-handedly having created, the market for "high-yield bonds" (also known as "junk bonds") during the 1970s and 1980s.
After he was sent to prison on finance-related charges, his detractors cited him as the epitome of Wall Street "greed" during the 1980s, and nicknamed him "The Junk Bond King."
Right on DCD, Yes, I did notice Crude Oil Closed Today at $59.71
I'm sure we have a lot in common if we both own Unico!
I'm ok with waiting till Oil gets back to $100/barrel.
And Yes, I believe that's just what the Junior's are waiting for. Why come out with press releases when the market is off by 40%.
Always looking, watching and waiting.
It's through waiting that we always learn something of value.
Its funny, I'm learning to sleep with one eye open.
I don't want to miss anything!
I'm keeping an eye on this one!
Afterthought.
Murphdipity, As 007 would say, "If you decide to take on this mission, we will be here to help.