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.
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.
hitachi and ntap are a non-issue: they've always been there and they don't provide a substitute.
my bet would be ibm with pc/linux, more so than dell, hpq. msft is pushing new server software strongly, but
monthly poll of webservers don't show much change there.
ibm/rhat will be the winner in all this (after msft recedes). my educated guess. awwwwwww, okay, my fervent hope.
so with the trin so high all day, i suppose this qualifies as a distribution day, right?
Jobs are a thing of the past here in America
Alan T. Saracevic
Sunday, September 28, 2003
URL: http://www.sfgate.com/cgi-bin/article.cgi?...BUGP11VLK81.DTL
Levi's is finally getting with the program.
The San Francisco jeans giant announced this week it is closing its remaining five manufacturing plants in North America, with plans to make all their jeans overseas. Hallelujah.
Sure, a few thousand more jobs will be lost on our continent, but let's not lose sight of the larger picture. Corporate health is the key to this nation's economic recovery. And what's healthier than cheap labor?
Remember people, a happy analyst makes for a happy CEO. A happy CEO makes lots of money. And fewer workers make for fewer headaches, like payrolls.
What part don't you get?
Silicon Valley knows it. I believe they're digging a tunnel from Los Gatos to Bangalore as we speak. And none too soon. A couple more years of full employment in Santa Clara County and I think those analysts on Wall Street would've burned the place down.
Why pay for the cow, right?
Mistakenly, I was missing this key point until I sat in on a conversation with Sun Microsystems CEO Scott McNealy a coupla weeks back. He was extolling the virtues of globalization and it sounded great. And then I had my brain lock.
Stupidly, idiotically, I asked Scott what was going to happen to the American worker if all the jobs went overseas?
He looked at me like I was wearing a Teamsters hat or something. It was the kind of look you'd give Arianna Huffington if she was blathering on about tax loopholes. I felt like the kid in chemistry class who asks if plutonium was named after Pluto ... the dog.
Luckily, Scott had the patience to straighten me out.
"You sound like a piano player in the old days when there were 35,000 piano players playing in the front of every movie theater when they had silent movies. You're saying, 'Who's going to employ all of us now that they have sound embedded in the films?' "
"Gang, we've got brains," said McNealy. "There'll be lots to do."
Of course. We've got brains. There'll be lots to do. I'm a dunderhead.
How could I forget what happened where I grew up, back in Cleveland. The factories found cheaper labor down south and moved out. Next thing you know, no one had a job and we got to use our brains a lot.
And we had plenty of time to do so. Who can forget the fun times the workers had standing in front of the shutdown TRW plant, burning fires in garbage cans, singing union songs and drinking cheap wine?
Most of my friends saw plenty more of their parents. The whole thing was great for family values. And that government surplus cheese made a helluva sandwich.
To be honest, I don't see what these piano players or steel workers or software engineers are complaining about in the first place. Who likes to work? It's a huge drain on personal time and just makes you all around cranky.
I say work is a thing of the past here in America. If we simply colonize the rest of the world's workers to do our labor, that frees us up to volunteer as firemen and police officers. With no discernable way of raising revenue from their citizens, municipal governments will be grateful that we're all there to help.
And furthermore, this will allow us to discontinue public education. Who needs skills if you're not going to work anyway? Budget crisis? Gone. Our children would be better off spending their days skateboarding. That's what they really love to do. And America is all about love.
The average citizen will lose weight. We might even thin out our overpopulated cities. We'll get to know the homeless better. I could go on.
I mean, really. How can a corporation justify employing American workers at all? Where's the upside? They're always whining about working overtime and paying for health care and all these other incidentals.
It's like buying your produce at the local farmer's market. You pay more just so some local yokel can keep playing in the dirt in Sonoma County.
Dig this. Give me the cheapest labor at the cheapest price and I'll show you capitalism. Show me capitalism and I'll show you health.
Let us not confuse jobs with recovery, my friends. For America's economy to recover, we must cut jobs at all cost.
We've got brains. There'll be lots to do.
whoa! they changed it! i mean, previously was not subscription protected. sorry, i'm not a subscriber ....
This doesn't make sense
hmm. sort of sounds like they want to make sure that the short sell is itself an uptick. dunno, i'm sure we'll hear about it. hard to believe that short selling has been a problem during the last 9 months. maybe they're prepping for next year 8-)
SEC to tighten short-selling rules
By John Labate in New York
Published: September 25 2003 23:41 / Last Updated: September 25 2003 23:41
http://news.ft.com/servlet/ContentServer?pagename=FT.com/StoryFT/FullStory&c=StoryFT&cid=105...
hell.they might be setting us back 5-10 years.
that's been my thesis all along: that by 2004 they'll have rolled the clock back to 1992. then they could redo 92-00 in the right way.
it takes the right leadership and vision.
there *is* vision in place now. and, although its goals might be lofty, the road there is entirely machiavellian. (e.g. wolfawitz)
Actually most people I know usually vote against one of the candidates rather than for one.
agreed. i'm voting for gary coleman in california. well, that is if mcclintock gives up, which i wouldn't doubt.
i used to like watching cnn's 'crossfire' in the old days. bring on people with strong opposing opinions and let them fight it out. now it seems every 'news' show is like that, except that the host plays stand-in for the opposing view, with some easy straw-man questions for his guests. 'hardball' approaches balanced a bit better.
US, London, Denmark/Sweden, now Italy. at what point are coincidences no longer coincidental?
Don't bet on the boomers retiring and selling their stocks.
hunh? i don't have to bet, dood. i just have to look and see that folks with ira's will have to make mandatory withdrawals when they hit 'that age'.
sure, maybe they'll be living on interest from muni bonds then. we'll see. but its gonna take a mighty tide of fiduciary irreponsibility for financial advisors to urge retirees, or those 65 and over, to remain as heavily invested in stocks as they did earlier.
A lot of boomers by necessity or preference will be "retired" like Zeev, running a business or two and trading like maniacs in between white water rafting trips on the Amazon.
laff. well, if so, the majority of them will be broke shortly after they retire. exchange that 'rafting the amazon' for 'surfing to amazon.com'. but remember to pay the electric bill.
I do not fit into the Republican = good ( or bad ) Democrat = good ( or bad ) mold.
its surprising to me how many journalists nowadays are unabashedly political (and fitting that mold). it really struck me this weekend, watching a rerun of cnbc's 'capital report', talking, first about the democrats' debate. (okay, i'm no fan of sharpton either, but the hosts could only have been more partisan by coming out and laughing at him and they shouting 'yes, we want him as the dem nominee!', which they nearly did.)
and, then the kicker, following this discussion, michael deaver was on, representing his p.r. agency which is now working on 'k street'. and the discussion turned to 'news programming', and to their shock he matter-of-factly pointed out that their program was not 'news', it was 'entertainment': and not jokingly, but quite seriously. it was produced as entertainment, subjects chosen and 'stories' developed for their entertainment value, etc. he even cut them off to drive this point home, since they seemed mildly skeptical.
but i think he hit it on the head.
lot's of great things are coming.maybe as soon as 2010.
what could be greater than the supply of stock that will come onto the market with an aging u.s. population. japanese will return to market speculation? chinese workers?
china gold
http://www1.chinadaily.com.cn/en/doc/2003-09/25/content_267390.htm
Focus: China's gold rush
( 2003-09-25 11:10) (China Daily HK Edition)
Prominent gold experts and officials are urrging the government to lift the ban on individual trading in the precious metal as soon as possible, as quoted prices at the Shanghai Gold Exchange (SGE) continually hit record highs this month amid a surge in buying enthusiasm.
A woman shows a bar of gold in Wuxi, Jiangsu Province. Enthusiasm for individual investment in gold has always been high in China. [newsphoto.com.cn]
The introduction of individual traders, they say, would kill four birds with one stone, by invigorating flagging consumption, slashing the foreign trade surplus, trimming conspicuous foreign exchange reserves and easing international pressures on China to appreciate its currency.
It is "safe and feasible" for China to spend part of its foreign exchange reserves on gold imports, as well as place such purchases on the domestic market and open the market to individual players at the earliest possible opportunity, said Xi Jianhua, Bank of China's gold business expert.
About 20 per cent of respondents to a recent national survey said they were willing to spend 10 to 30 per cent of their savings in gold investment, indicating a huge potential demand for gold.
Outstanding individual bank savings in China hit 10.61 trillion yuan (US$1.28 trillion) at the end of July. After trying in vain for years to encourage a high growth rate in private spending, China has had to rely on proactive fiscal policies, marked by heavy government investment since the Asian financial crisis in 1997, to maintain fast gross domestic product growth.
[continued]
http://www1.chinadaily.com.cn/en/doc/2003-09/25/content_267390.htm
rare fred hickey tv sighting (fortune).
Technology panel
GIBBS: Well, David, What's your take on Oracle and Larry Ellison?
DAVID KIRKPATRICK: Larry Ellison is very a willful person who knows what he knows, and is absolutely convinced that he is right, and that has many, many times put Oracle in an extremely advanced position that's allowed them to win and to dominate the database business, which is a great business. he's in a business that really is mature and he needs to grow the company. I think he's nervous about that, that's why he's trying to buy Peoplesoft, and I think he's nervous if that might not succeed.
GIBBS: Fred, do you think Larry Ellison is a little nervous?
FRED HICKEY: There's no question that he's nervous. The applications business within Oracle has not done well for several years now. The database business is mature, and he's competing on price oftentimes against Microsoft and IBM. So the company is stalled out and he's making an attempt to grab at a company with a very good reputation within the software world. The problem is, is that software acquisitions have had a history of failing. In fact, computer industry acquisitions have a history of failing. 'edit) So, the prospects aren't particularly good, and it smacks of desperation.
GIBBS: Kevin, what's your take on it?
KEVIN LANDIS: Parsing his opening statement there, he said one thing that I absolutely disagree with, and one thing that I completely agree with. He said, "Silicon Valley is dead." False. Totally disagree. The computer industry is maturing -- absolutely that's right, and therefore computer software is maturing, and therefore he is looking at a bigger business with a lower growth rate, and he's trying to figure out how to become the successful, profitable last man standing. So, whether you think it's going to succeed or not, it's probably a move that makes sense given Oracle's situation.
GIBBS: David, I saw you nodding when Kevin said that Silicon Valley is not dead.
KIRKPATRICK: I'm not even sure I buy the notion that the computer industry is mature, because I think saying that disregards how globally the industry is growing at the moment, and I think when someone like Larry says it's just going to be down to a few big companies -- and obviously he's thinking of himself, Microsoft, IBM, Dell, HP -- you know, that doesn't really factor in the explosive growth that we could be seeing in China, in India and elsewhere, and some companies that are already thriving in those places, like Legend in China.
GIBBS: Fred, are we just replaying 1999 all over again? Are we being led to slaughter?
HICKEY: I think we're being led to slaughter again. I think this is a continuation of the bubble years. We never had the excesses correct. We never got down to levels of valuation that we normally do in bear markets. Chairman Greenspan pumped a whole bunch of money into the system and the U.S. government has run up a hundred billion, multi-hundred billion dollar deficits in order to keep the normal, natural forces of the economy and stock market from working. Consequently, what we have is the wildest orgy in tech stock buying that I've seen since the 1999-2000 period.
Normally, in true turns, in newborn markets, you'll have a change in leadership. Right now all we see is the same leadership. They're buying the same stocks that they bought in 2000. They're buying the same Internet companies. They're buying concepts again with no sales and no earnings in often cases. A couple of weeks ago it was Nano tech stocks, a lot of stocks that I see going up, multifold, here within days, have no sales, or no earnings in many cases. So, it's a pretty scary time.
GIBBS: Well, Fred, what should they be buying then?
HICKEY: Well, with valuations as high as they are, they shouldn't be buying technology stocks. So, I'm in a protective mode. Most of my money is elsewhere, not in tech. And I wait for the moment when we're able to buy tech at reasonable valuations.
GIBBS: Well, Kevin, tech stocks are your specialty. What are you buying?
LANDIS: Right. You know, let me just say, I agree with part of what Fred said. I think that you can get led to slaughter if you chase the tape and if you just round-up the usual suspects. You go out and you buy Microsoft, Intel, Cisco, Dell, Oracle, Sun, all the names that you thought you found comfort with. And they look good right now because people are buying those stocks, and that would be the wrong move. What we're trying to do is put our shareholders money to work in companies that are growing, that are making a profit, and that are really off of most people's radar screens.
GIBBS: Such as?
LANDIS: Well, such as in digital photography, we own Lexar Media and Sanddisk. These are both removable storage companies, they make flash memory chips and flash memory cards. Now, most people, when they go out to buy a chip stock, or they go buy a memory chip stock, they buy Micron, and it's covered by a list as long as your arm of Wall Street analysts.
Hardly anybody covers these other stocks because they haven't had time to get comfortable with them, and frankly, no one's wanted to do the homework on them until just very, very recently. So, again, you go from one theme to the next, whether it's GPS being designed into your cell phone, or whether it's digital cameras being designed into your cell phone, or whether it's LEDs replacing light bulbs, you're going to find really fascinating, high growth companies that really aren't covered by a lot of the industry, and that's where you have to look. You have to do your homework and dig.
GIBBS: David, talk about for the faint of heart. Let's look at Internet companies, they led us to the slaughter in '99, the dot-coms went dot bust. But if you look at year-to-date, Internet commerce up 100 percent, over the past 52 weeks up almost 160 percent. What's happening?
KIRKPATRICK: Well, I think it's extraordinary to see how quickly these stocks have gone up. On the other hand, it's also extraordinary to see how important they are in our economy, and how rapidly they're changing in their role. Companies like Ebay and Amazon and Google, which of course isn't even public yet, they're changing the way we live on a daily basis in a mass way. It's very easy for me to understand why investors have a hard time valuing these companies.
Now, I was interested in what Fred was saying. I'd be curious to know what he thinks could cause these, this whole bubble, which he seems to see, to burst. I think that, you know, my feeling is the momentum that we're seeing now, because it's still sort of a building phase, is probably going to continue. I have to admit, it's probably not based upon financial analysis, as it really wasn't in the late '90s either, but I think you could see this kind of psychological wave continue for quite a while.
GIBBS: Fred, what do you see? What do you see and what do you look at that tells you that this is not something we should be in?
HICKEY: Well, I think that much of what we've seen is based on hope, once again, of a pickup in the second half of the year. We basically had false rallies and collapses every year since 2000. This is another one. This is a significant rally. However, it's also based, it's still based upon having the economy pick up in a major way, and that consumer spending will continue to grow here into the fourth quarter into next year. I'm concerned that much of the spending that has occurred in July and August was temporary.
[http://www.pbs.org/wsw/images/still_20030926_403.jpg]
I want to make one note. Kevin had mentioned Sandisk. Well, Sandisk has tripled within the last four months. It is not undiscovered. It has $5 billion dollar market cap, and it faces competition for the likes of Samsung, which is directing, directly at their market now. There is very little in the technology world that hasn't been exposed. At this point, it hasn't been taken advantage of, the valuations aren't there any longer.
GIBBS: Kevin, what do you think about that?
LANDIS: Well, first of all, let me say something about Sandisk and Samsung. Sandisk has a supply contract with Samsung and it guarantees Sandisk that they can buy the chips that come out of the Samsung fab(rication facility) at the most favored national pricing. So it's a very good relationship and they don't really compete.
Secondly, it's true, Sandisk has done very well lately as people have started to discover it, and that kind of goes to the observation that you make your best investments when no one else is looking, and you make your best returns when people start to notice it. But for every Sandisk that's an example of what can happen when people catch on, there are several others where people haven't caught on yet.
GIBBS: David Kirkpatrick, Kevin Landis, and Fred, thank you very much for joining us.
someday we'll be in a new bull market. 2010 maybe?
when the baby boomers start retiring?!? you've hit on the one thing that will cause all of these buy-and-hold-ers to stop holding. (on the other hand, in my more cynical moods, i'd wager that we get lots of these huge rallies that price in years of future growth before then, so that those with huge positions to sell can frontrun the retiring boomers.)
They are exporting jobs and lining their pockets with the tax breaks.
what we need now are some of those rousing 'buy american' tv commercials, like the textile workers unions used to produced.
though perhaps they don't exist anymore
THAT in itself is the ultimate bullish indicator, even if just short term : )
well, not sure what you call it when the unswervingly bullish voice some caution: if i caught that right, his was because of protectionist calls by several folks. (and, i'm sure the democratic debate didn't sit well with him, with the calls to 'roll back the tax cut to pay for iraq' from just about everyone.)
oh well, a year to go. i think we're in for a year of class warfare (verbal).
Amazing how fast that changed.. Possibly for good reason but we will see : )
heck, even kudlow's roaring bullishness has turned into a meeker sort of cowishness today ...
SCOX continued. this was good for a $3.50 drop on scox today (from $17.5). (by the way, if ibm is successful in making the claim stick, then likely every linux copyright holder has similar claims: and that's a heck of alot of people and companies (ibm, rhat, novell, sgi, etc), since - under GPL - everyone retains copyright to their additions to the linux sources).
Dow Jones Business News
IBM Files New Claims Against SCO in Linux Case
Friday September 26, 11:48 am ET
By William M. Bulkeley, Staff Reporter of The Wall Street Journal
BOSTON -- International Business Machines Corp. (NYSE:IBM - News) has filed new counterclaims against SCO Group Inc. (NasdaqSC:SCOX - News) in the closely watched case involving the Linux operating system, according to a memo sent to the IBM sales force.
ADVERTISEMENT
According to the memo, which was obtained by The Wall Street Journal, the new counterclaim charges that SCO infringed IBM's copyrights by distributing IBM's contributions to Linux after SCO had violated its Linux license by claiming a copyright on parts of Linux.
IBM says in its counterclaim that SCO violated the general Public License under which Linux is distributed. The GPL requires Linux distributors to permit customers to freely copy the software. SCO is based in Linden, Utah. The case is being tried in U.S. district court in Salt Lake City. In the memo to the sales force, IBM also said it won't offer to indemnify its Linux customers from facing lawsuits related to intellectual property claims involving Linux. Recently, Hewlett-Packard Co. (NYSE:HPQ - News) said it will provide indemnification to Linux users who run the software on H-P computers.
In the memo, signed by Robert Samson, an IBM sales manager, IBM said that: " Most indemnities are narrowly drawn and are often invalidated by customer activities, such as making modifications or combining the indemnified product with other code, which are central to the vitality of open source."
It said the H-P indemnification requirements "will inhibit customers from taking full advantage of the open source development process."
Mr. Samson's memo says "HP's approach as outlined in the press, we believe runs fundamentally counter to the Linux value proposition." Many users like Linux because they can view the source code making it easy to adapt the operating system for their own uses.
query: maybe this is a naive question, but i thought there's some kind of arbitrage done so that qqq tracks ndx. yet ndx is red and qqq is green? hunh?
note to self: a gap down monday would put a nice island reversal on many stocks (intc, ntap, csco, etc) and return them to the summer trading range.
NTAP gap:
similarly CSCO
even on days like today when it was obvious that the intent was to drive the POG sharply down.
folks on prudent bear were saying that today's move was likely related to comex expiration. i tried to grab a bit of gg cheap, but nobody bit
like you (i think), i've been accumulating short positions since 9/8. i'm happy to say that i'm finally short klic and holding i wish i had a bit of brks too, but i'm rather diverse, and largely in big caps (intc, csco) with smaller positions in smaller stuff (kopn and swks have tanked nicely - high price, low short interest - ntap, pmcs, etc.)
so far, its feeling different than the previous corrections. particularly after that a.h. news on csco, where - as they were pushing the price up, the sellers kept pouring in ...
SCOX redux
from slashdot.org
"In the best expose I've read since the original Halloween documents, Groklaw has links and analysis of Renaissance Ventures' rationale for investing in The SCO Group. Among other misrepresentations, SCO convinced Ren that SCO owned the root of the entire UNIX tree, and that Linux was just one branch of that tree. Linux gets a SCO tax... forever; or worst case, if Linux gets killed in the process, then so be it. Renaissance also estimated that IBM would have settled with SCO last April under the strength of SCO's claims, and the threat of terminating their UNIX license. Oops."
http://www.groklaw.com/article.php?story=20030923211836991
Re: Trusted Computing
its about as aptly named as bush's 'jobs and growth' package. for the most part, what you'll get out of this is the ability for software and media vendors to prevent you from running their stuff on your machine without permission.
trusted computing solution #1: drop ms outlook.
trusted computing solution #2 (better): drop windows or take your windows boxes off the internet. (as i always say: putting a computer running windows on the internet is like stranding a small child in the middle of the freeway.)
The day is young.
intc looks like a war zone to me.
if one beleives in the gold bull, trading in an out could be costly if you dont have positions if a big break comes...i'd rather hold gold than amazon or klac or ntes
absolutely agree here. to put this in perspective, though, my gold position (well, miners, anyway) was begun in dec 01, and the only time i've taken profits since then was may 02, during that speculative runup by the hedge funds. but otherwise, its just been buying dips. and since the miners had become over 60% of my portfolio by sept (!) - my 'long term' portfolio - that seemed to be a bit risky. so 'paring it down' means i went from 60% to 30%, although since that time i've gone from 30% to 35%.
so i guess in this respect, for me, its more about how much risk i want to expose myself to here. i never had any intention of selling completely - i know how hard these are to time - and never sold any physical gold that i've bought (although i haven't bought much).
> but who knows weve all been fooled on both sides of this
> market....
someone on prudentbear.com noted that cots seem to be showing shorts closing out their positions.
Reliance on Microsoft called risk to U.S. security
SEATTLE, Sept 24 (Reuters) - Computer security experts issued a joint report on Wednesday saying that the ubiquitous reach of Microsoft Corp.'s software on desktops worldwide has made computer networks a national security risk susceptible to "massive, cascading failures."
The report, unveiled at the Computer & Communications Industry Association's meeting of industry leaders and government officials in Washington, D.C., saying that Microsoft is now the number one target for malicious computer virus writers. The report's authors told CCIA -- which is funded by Microsoft rivals -- that the software's complexity has made it particularly vulnerable to attacks.
http://channels.netscape.com/ns/news/story.jsp?id=200309241951000228064&dt=20030924195100&w=...
Got a REFI?
Sorry for the slant, but the bulls are looking weak.
who needs a refi when you can get a good margin loan. :-P
I continue to look for gold to break $400 relatively soon, and think it may surprise some folks and hold there.
i'm getting this impression, too. and, although i'm not too sad that i reduced some of my exposure to the miners on 9/9, i'm increasing my exposure here - as long as they continue to remain strong.
well they sure sold that csco buyback hard. i was wondering whether the reaction would actually be 'csco throwing away money that could have been spent on a dividend.' but i guess this explains yesterday morning's observation re csco's unusual strength.
oh, probably not. there's regulation f.d. after all :-P
8-)
and even if its true that
all you can do as a trader is try to identify trends and go with them
(which may or may not be true), its probably exactly false that
all you can do as an investor is try to identify trends and go with them
if you're a 'value' investor, since you'll never get the best prices when you're following the crowd.
its scary, i remember having these same debates with folks back in winter 2000.
all you can do as a trader/investor is try to identify trends and go with them
a trader is not an investor.
Nobody buys a stock because they think it's a: quote, unquote, per se a 'value', they see a stock as a 'value' if that stock will be higher someday and they can take a profit from it, the value comes from taking a PROFIT, thats the only value of a stock,
ah. so we disagree. however, the flaw in your argument is that it assumes that there's some way of valuing stocks, which you deny. i.e. you are saying its all up to market forces alone, and there's no 'objective' way of valuing them. (okay okay, i don't mean objective; but i mean some principles that one uses to put a value on a stock, other than just the availability of a buyer at that price.) and you need that assumption, because otherwise you can't ever say 'the stock will be higher some day'; you have no way of predicting what folks will value next year.
but if most believe as you say, then we might understand the market now as a big ol' distribution: baby boomers soon retire and won't have anyone to sell to, cuz kids are unemployed and generally distrustful of the market ... not to mention, smaller in number. so lets all price into stocks years of future growth and growth potential, so we can unburden ourselves now, before there's a mad rush for the exit.
whoever was asking me about the margin debt stats the other day. this if from last week, i think (~17th)
"Bubble is back," TrimTabs warns by Jonathan Burton
SAN FRANCISCO (CBS.MW) -- A fivefold increase in margin debt at Nasdaq member firms prompted market data provider TrimTabs.com to warn Wednesday that "the bubble is back" in U.S. stocks. Margin debt rose to $26 billion at July 31 from $5.1 billion at Dec. 31 -- adding $19 billion in June and July alone. That figure represents 15 percent of the total outstanding, compared to 7.1 percent in March 2000. TrimTabs' warning follows regulatory agency NASD's investor alert Monday that trading "on margin" is up 25 percent year-to-date and many investors may underestimate the risks. The NASD alert suggests that Nasdaq members are being required to tighten margin rules after a period of relaxation, TrimTabs said. "When a loosening becomes a tightening, the affected stocks collapse. That is in part what happened in early 2000 when the Nasdaq tightened margin requirements on some of the more aggressive stocks."
My calls this year have been far from spectacular. Good on gold and overseas markets but bad on the US market. I suspect I let my anti-Bush sentiments color my thinking too much.
okay. maybe i was reacting the latter then
copper!?
linda's copper top chart, from today. (bottom of page)
http://www.lbrgroup.com/index.asp?page=DailyCharts&date=2003%2D09%2D23
well for you darksiders ...
swks and its supplier kopn are both behaving very poorly. unless you're already short of course, and then the action is great
where is mlsoft anyway? i miss his insights ...
So why are they buying tech today while the DOW red?
see knee. see knee jerk. jerk, knee, jerk!
csco got an oversized pump this a.m. surprising after the vz news.