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Hi Paul,
Greetings
This is 1best from CS, the only alias, __1Best__, which I used to post on iHub.
If you don't want me to post on your board, that is fine with me; just, let me know. I have no problem with having different opinion on the market with civility. Don't have the time to post often, but just want to stop by.
I was commenting on negative breadth during the last week; but, the Fed is supporting this parablic move which I sense. Based on the rally that we have seen and based on the breadth negative divergences, I'd rather see a correction; but, I am careful about the current bullish sentiment as I closely watch technical price actions.
Happy holiday and good luck
Yes, $NASI was showing negative divergence and VST trending down; however, we need to be very careful and follow market actions closely because market sentiment and forcasters are pumping.
Exactly, the firm wants to get some attention, guess, by making irrational, outrageous recommendation.
AMD share holders need to demand further investigation. If you know what I mean because the comment can be taken as serious.
Sorry to see the chip manipulation, but we need to be careful to make any kinds of statement, but with due diligence.
Wonder whether AMD big shareholders will demand some explanation from CEO or anyone is taking some action to see how serious the comment is.
WB, FYI
For those who are holding AMD, now, an analyst downgrading this stock. This certainly sounds like unjust manipulation.
With whom he is conspiring with? Pun Would like to hear.
From: QQQQtrend Replying To : QQQQtrend (post 7144) Dec 14 2006 12:47PM
Title: AMD is bouncing up today
AMD is bouncing up today as I commented yesterday that it was showning Positive Divergence.
It is having an analyst meeting today.
~~~~
From: QQQQtrend Replying To : QQQQtrend (post 91662) Dec 13 2006 12:30PM
Title: re Cramer Effect on EBAY and AMD
Of course, as he states, which I noticed, that he does not care about price formations/TA, he would not care to see, Negative Divergence on EBAY and Positive Divergence on AMD since he recommended to buy EBAY, but not AMD.
Sure, if someone is driving up or down individual stocks which can be easily manipulated, the markets will perform accordingly.
Will see ... keep update later with TA vs Cramer effect, but I could miss his possible change-of-mind since I don't listen to him often enough.
Aug04 formation which I commented during the Jun-Jul 06 bottoming process as I called for the bottom is completed. Actually QQQQ traded the same points of Aug04 rally.
Now I sense another market sentiment which I am being cautious.... as shown below:
~~~~~~~~~~~~~~~~~~~~~~~~~~~
Nov2000 peak, SPX 1438.46 intra high, which it reversed during Nov2000 peak.
I commented on 4-8yr Global economic cycle formation during Jun-Jul 06 bottoming process which is a LT formation; but, now as I noted earlier, we have popular "3 peaks and Domed house" formation which many traders and investors are following; hence, if this irrational, parabolic price action continues, we will not see a meaningful retracement during this normally favored trading months, i.e. Nov-May.
Having said that, as I commented before, we have massive breadth negative divergences, with 17 yr low volatility; hence, it is prudent to be cautious. It takes longer time to form a Top when we have over blown bullish sentiment.
When traders are talking about "Irrational Rally", we need to prepare for unexpected market actions.
~~~~~~~~~~~~~~~~~~~~~~~~~~~
SPX is now trading at Nov 2000 peak resistance, intra high 1438.46 after making the bottom in Jun 2006 when I alerted the bottom formation with 70yr Price Channel support and other analysis.
Now, market is overbought with breadth negative divergence; however, traders and investors need to be cautious because market can trade unexpectedly based on, “Irrational Rally” belief and “3 peaks and Domed House formation” which is unreasonable at this time after 20% rally from the mid year bottom.
We have 17yr low VIX volatility, hence, need to be cautious.
SPX LT Chart: http://www.trend-signals.com/index.htm
Correction: SPX 1550 and DOW 13000
Posted by: __1Best__
In reply to: wonderbuy who wrote msg# 2730 Date:12/15/2006 9:37:08 PM
Post #of 2734
Have you heard of "3 peaks and Domed house" which is NOT my favorite formation?
It seems like every trader is talking about it and driving markets higher to target SPX 1300 and DOW 13000.
I have forecasted the higher target when I noted 4-8 cycle to you as well, but the price hype to DOW 13000 is too fast and quick.
Market is at another major juncture, i.e. NASDAQ/QQQQ double top formation. SPX/DOW closed at upper Channel resistance TL.
However, all market forecasters are getting Higher and Higher.
All bears are Domed if the Fed decides to bubble up the markets as quickly as SPX 1300 without any meaning retracement.
Have a nice weekend
Have you heard of "3 peaks and Domed house" which is NOT my favorite formation?
It seems like every trader is talking about it and driving markets higher to target SPX 1300 and DOW 13000.
I have forecasted the higher target when I noted 4-8 cycle to you as well, but the price hype to DOW 13000 is too fast and quick.
Market is at another major juncture, i.e. NASDAQ/QQQQ double top formation. SPX/DOW closed at upper Channel resistance TL.
However, all market forecasters are getting Higher and Higher.
All bears are Domed if the Fed decides to bubble up the markets as quickly as SPX 1300 without any meaning retracement.
Have a nice weekend
~~~~
http://www.trend-signals.com/index.htm
With the tamed CPI number, market traded to upper resistances during premarket, QQQQ 44.85 and NASDAQ 2470 (previous Nov highs), SPX 1430 and DOW 12486 (upper Price Channel TL resistance). As noted earlier, market traded down after the open, finishing the day in positive territory.
OIL closed at 63.43 +0.92, USD 83.75 +0.40, 10y T 45.97 +0.02, GOLD 618.80 -12.10.
We have strong bullish sentiment, negative divergences on breadth charts, and overbought markets; hence, it is wise to be cautious since market could become irrational, i.e. Irrational Rally. It would be disastrous to see Irrational Rally, but we need to be aware of the possibility and be cautious.
If market is rational, we would see a healthy retracement from the recent Jun-Jul rally. When market becomes irrational, it will continue to trade to make new highs into normal favored trading months into Spring without any meaningful retracement.
--------------------------------------------------------------------------------
DOW 13000: During Jun-Jul 2006 bottoming process, I commented on "70yr" LT price channel support. Now we have surpassed my conservative target of DOW 12000 and trading near at DOW 12500 at which it is the half of 1000 point break out. As commented during that time when I called the mid year bottom, I noted that much cash was sitting on the side line. I also noted when market rallies, shorts will be squeezed; hence, I warned to shorts to cover shorts. As shorts were squeezed, market rallied as we have seen markets were trending higher without any meaningful retracement. Now, we are in the process of sideline cash coming into markets as we have seen in Cash flow Index on SPX.
I am not in favor of "Three Peaks and Domed House" formation which many speculators are commenting on. The formation is similar as the 8yr global cycle formation that I commented on a few month ago. The rally that we have seen since Jun-Jul bottom is too fast which is increasingly becoming dangerous market. The hyped up market speculators will also be quick to crash bubbled up markets; hence, extreme caution is necessary.
AMD! is pulling back right now, hope that you didn't make a contrarian call. Are you going to buy all "Selling" shares to make it up-day? (pun)
Having said that, of course, would have expected a consolidation after the yesterday trading, but after a follow-through day as you also mentioned.
Have a good day
COT: High small, retail investor participation is often contrarian indicator as shown on COT.
We have very high small investor participation on NQ & DOW.
$HGX: Since this post, housing stocks were downgraded. As we can see, housing stocks are mixed, but generally momo is down. "TOL" is at resistance on weekly, but ZLR possible on daily.
~~~~~~~~~~~~
Posted by: __1Best__
In reply to: wonderbuy who wrote msg# 2518 Date:12/6/2006 9:04:32 PM
Post #of 2707
WB, Housing stocks: $HGX rallied since Aug 8, the Fed pause as I alerted during Jul 06 bottom. Now, major housing market stocks rallied to resistances, e.g. major ma or TL, after rallying today based on DHI news. $HGX daily broken above "Price Channel" TL resistance, and, while it still has upper target to the Jul05 down TL resistance as shown on the weekly chart, need to be careful with purchasing housing stocks at this time since many, e.g. BZN, CHB, DHI, HOV, KBH, PHM, SPF and TOL, closed at resistances.
http://www.trend-signals.com/index.htm
SMH broke lower Sym T. TL, but it is trading up again with the strong SEMI action today with AMD. Need to watch the TL.
AMD broken above D TL, now it is at mid point of SYM Triangle.
Good trades
XLE, CHK, VLO XLE broke out, the best performing iShare since Oct02.
CHK consolidating at the Mid support. VLO is trying to bounce up at the mid line (ZLR)... need to watch mid line.
Good trades
VIX - VXN breaking to new low, however, it is showing postive divergence.
TRIN - TRINQ to the lower zone after today rally.
As usual, holiday low volatility that we discussed two weeks ago.
AMD and Market comment: Yes, AMD performed great today!
http://clearstation.etrade.com/cgi-bin/bbs?post_id=7807059
Market rallied based on good earning reports (Bear Stearns and Costco) and Eco numbers (lower jobless claims and stronger Empire State report which was released one day early). Oil also traded higher to 62.51, +1.14 (Jan07 contract). 10y T 4.595 +0.018, $USD 83.67 +0.29, Gold 630.60 -1.80.
QQQQ as stated earlier, with the breakout from the formation, it has traded to upper resistance 44.50 with the high of 44.57 at which exiting 60m long. $SPX also traded to the upper price channel TL resistance with the breakout from the recent trading range. Also note the TL resistance on daily at where SPX traded as intra high at 1427.23 which was the target with the breakout.
http://www.trend-signals.com/index.htm
rainbow, this market is just horrifying for shorts.
I knew this that shorts would be taking a big risk... Your logic is perfectly fine on the INFY fundamental reading and weaker US economy impact on outsourcing activities.
However, it is depending on when we can see "Stop market hype" to be safer to go to short.
Shorts need to be very careful.
I am sorry about this market is merciless to bears.
Eventually, this market will fall off from the cliff, but the question is exactly "When". I am bearish because of parabolic price actions, but need to be careful with shortings until market is actaully pulling back.
We have huge negative divergences, but obviously market Greed is holding on to market to float.
Market is changing its tune that CHINA & INDIA do not need US consumer to carry the world economy. I know that that sentiment does not fit into your comment on NAS board due to weak USD making outsourcing less attractive, but we need to see Technically weaker market as well.
I hope that you put greater emphasis on technicals rather than fundamentals, FOR SHORT TERM TRADING, since price action does matter for short term.
Why do you want to short INFY on TA basis? It is still forming a sym triangle.
GOOD LUCK
Hi WB, have you noticed "AMD" getting "POP"?
Good trades
http://clearstation.etrade.com/cgi-bin/bbs?post_id=7806916
Breadth Negative Divergences: While we have bullish sentiment following the seasonal pattern, the bullish sentiment with the recent gains only adds more risk to downside unless we are heading to extreme case of a Bubble-Crash scenario. For example, $NAMO weekly is showing negative divergence since Oct peak making lower-high which is an early signal of internal weakening sign of this rally while late buyers are chasing the recent rally momentum.
A/D negative divergence is another example of negative breadth as shown on the chart with 10day MA which made a lower high after the initial peak in Oct, lower peak in Nov confirming other breadth negative divergences that I commented during the last week.
A huge negative divergence on $NAA200 showing that less stocks are trading above 200ma, meaning that a few momentum driven stocks are taking markets higher which is a sign of unhealthy market.
$NASI Daily is rolling over with negative divergences as with the weekly chart. This can be seen through many stocks are selling off while a few big stocks such as AAPL and GOOG perform well.
$NASI weekly which I usually post my market signals indicates that internal is increasingly weaker as other breadth indicators are showing negative divergences.
Usually, Volumes are lighter during consolidation period. After this week, I am anticipating lighter volume since many will be on holiday vacation during the last two week of the year.
Do you remember that we discussed "Narrow Range" during "Holiday"?
Then, we had a sell-off Monday on 11/27 to make everyone to think that we might get a volatility.
Since then, market was consolidating for two weeks!
Posted by: __1Best__
In reply to: wonderbuy who wrote msg# 2333
Date:11/25/2006 11:17:21 AM
Post # of 2673
NASI H&S looks reasonable since other breadth negative divergences favor a correction as I noted before.
I am looking for a confirmation for a meaningful correction, but as you also noted because of seasonality, a consolidation period would be likely.
Need to watch formation breakout or breakdown for ST moves.
This market is certainly sickly internally, i.e. many stocks are sold off making new lows.
However, with a few big cap stocks, major markets can be taken up or down.
AAPL manipulation is going on today to keep NASDAQ slipping to lower.
QQQQ is right now at the lower support TL, not broken it.
WB, We need "Creamer" stop driving down AMD since that stock is just taking too much beating.
Many stocks are sold off like that, contrary to the new high on major markets. That was my point on negative divergences on breadth actions.
I have posted negative divergence on my charts as you see on the SPX daily chart, but as you also posted here, QQQQ CMF is showing negative divergence as with DOW.
Many stocks are sharply sold off as breadth shows negative divergences.
http://clearstation.etrade.com/cgi-bin/bbs?post_id=7804296
Still like the Dr Bernanke's batman formation.
http://clearstation.etrade.com/cgi-bin/bbs?post_id=7804417
Exactly what I anticipated except that it didn't break out yet. Market is providing stability during the trip to China.
http://clearstation.etrade.com/cgi-bin/bbs?post_id=7804199
Seasonality is playing a big role right now. As much as I think that it is a good idea to see a correction of the recent rally, market could just march on as we know that top is taking loner, so it might be better to not to state bearish sentiment, but just state the facts based on TA and fundamental.
Thanks for QQQQ option grid, but what's your interpretation? Better bet because....
From: QQQQtrend Replying To : QQQQtrend (post 91611) Dec 12 2006 8:06PM
Title: QQQQ & Market Comment
Market action today was typical FOMC day pattern.
As stated during the last few days, QQQQ and SPX stayed in the trading range while I was anticipating a break from the range after the announcement. Also as anticipated, the fed fund rate 5.25% remains and the statement was relatively the same while acknowledging "Housing" slow down more than expected.
QQQQ As commented earlier, QQQQ bounced off from the lower support with duel price formation of Diamond on 60m and Symmetrical Triangle on Daily. It has bounced off at 43.56 as stated before, but didn't break the support; hence, the up TL is still in tack.
$SPX is also remained in narrow range, forming coil formation again as we have repeatedly seen during the last five months rally, except that momentum is weakening with negative divergences on daily.
Conclusion: We need to see a break up the up TL supports. While we have seen initial break of "Rising Wedges" as we have seen "DOW", due to favorable seasonality, no "Profit" taking activities, yet. However, I do think that we are close to a ST top if this is not the one.
ALL PRUDENT BEARS need to show more strength.
VXN is showing postive D.
After this OE week, next two weeks will be quite but could provide some volatility in light volume.
The normal Fed day actions today.
Hope that you had a good day
Rainbow,
Well, as mentioned earlier, didn't think that we will have 2% down day for major markets while we often see those on individual stocks.
No, I don't use those, but those ETFs are good one for many who want to manage their own fund accounts rather than daytrading accounts.
It is a good thing that those are available since that gives alternative to managing investment accounts.
Good luck
Hi Rainbow,
Yes, I am bearish because of too much bullish sentiment with unreasonable bubble makers hype.
The fact is Bulls are high on market forcasting... Mid day bounce, a wide range bounce to SPX making a moderate new high by a few points.
All Prudent Bears need to nullify "wide range" bounce to new high on SPX.
Hopefully Dr. B is not high on something.
Good trades
From: QQQQtrend Replying To : QQQQtrend (post 91631) Dec 12 2006 12:31PM
Title: Nullifying SPX Wide Range Bounce in Mid day
Nullifying SPX Wide Range Bounce in Mid day need to be done.
QQQQ is still on the afformentioned supports on previous post.
From: QQQQtrend Replying To : QQQQtrend (post 91629) Dec 12 2006 12:21PM
Title: re QQQQ 43.60 needs to be broken!
QQQQ 43.60 needs to be broken!
That is "THE SUPPORT" because it is up ma TL, duel formation support.
Breaking the 43.60 is the first step to a ST correction.
Also, the WIDE range bounce to new high on SPX HAS TO BE NULLIFIED to look for ST correction!
--------------------------------------------------------------
From: QQQQtrend Replying To : QQQQtrend (post 91618) Dec 12 2006 12:18PM
Title: QQQQ 43.60 intra TL Support
QQQQ 43.60 intra TL Support needs to be broken. As of now, the LOD is intra up TL support in the "Diamond" on 60m and "Symmetrical Triangle" on Daily!!
Hi WB, It seems like you are having a great day. Congrat!
We are seeing a typical Fed day action. QQQQ is staying in the diamond shape emerged from RST which I mentioned during the last week from which I am anticipating to break out after the announcement.
~~~
This is a post which is interesting. Steve reported that Dr B's favorite song as "Light my fire" by doors.
Hopefully, Dr B is NOT high on something...
Have a Good day
http://clearstation.etrade.com/cgi-bin/bbs?post_id=7802097
RIMM & $HGX: Yes, RIMM call, you got that one right. Good call
Remember my $HGX call to watch out for it because those were at resistance? Good call...
http://www.investorshub.com/boards/read_msg.asp?message_id=15346930
Will see, WB, we heard the news several times during the last couple of months.
Thanks for the option pricing, but I don't really trade options so hopefully someone could use the information that you posted.
Good luck with the position.
~~~
One thing that I don't like about CS is that they do not have a strict moderator like here. Anyhow, this is a fair post by Schiff who called this rally wrong. He was bearish all along, but it seems that he is not on this post on safehaven. I think that i am thinking of the same person, Schiff.
http://clearstation.etrade.com/cgi-bin/bbs?post_id=7798555
This news is broadcasted too often hence it is not a news which will dramatically impact the price. But we will see.
$USD is bouncing off from the low and Euro is pulling back from the recent rally, looking like "double top" or "H&S" formation with Dec 04 high with weekly negative divergence.
OPEC is worrying about Falling OIL price as shown below.
Planning to cut oil production in 3mo. It seems that they are used to higher oil price, not in $40 or in $20.
What if someone invents brilliant alternative energy resources, then oil price could go to $10? Well, we need another Edison who will invent efficient energy resource soon.
http://www.bloomberg.com/apps/news?pid=20601072&sid=aR6tArgN0Ptk&refer=energy
OPEC to Consider Production Cuts to Bolster Crude Oil Prices
By Stephen Voss and Andy Critchlow
Dec. 11 (Bloomberg) -- OPEC, the producer of 40 percent of the world's oil, is considering its second production cut in three months to prevent a price drop early next year.
Officials from Venezuela and Iran said within the past two weeks that the group should reduce supply because of rising inventories. The representatives from Qatar and Nigeria said the U.S. dollar's 11 percent drop against the euro this year is eroding the purchasing power of OPEC's dollar-based revenue.
The biggest oil exporter, Saudi Arabia, said on Dec. 1 that stockpiles are too high. OPEC convenes this week in Abuja, Nigeria, its first conference in Africa's largest oil-producing nation since 1972.
A slide in prices from a July record of $78.40 a barrel in New York spurred the Organization of Petroleum Exporting Countries to agree in October to restrain production for the first time in 2 1/2 years. Oil last week closed at $62.03.
``OPEC doesn't need to cut supply immediately for the winter, but come February, they will need a cut,'' said Leo Drollas, deputy executive director of the London-based Centre for Global Energy Studies. ``Preparing the ground by announcing a cut now for February would make some sense.''
The group is seeking to avoid a surge in inventories that would prompt a drop in prices after winter ends in the Northern Hemisphere.
``The market is out of balance significantly,'' Saudi Arabian Oil Minister Ali al-Naimi told reporters in Cairo on Dec. 1. He said 100 million barrels of inventories needed to be removed from the market. U.S. crude stockpiles were almost 340 million barrels at the start of this month.
OPEC `Stuck'
``They are stuck between the price, which is pretty good, and this issue about stockpiles, which they find too high and are still building,'' said Frederic Lasserre, head of commodities economics research at Societe Generale SA in Paris.
OPEC will ``go for a cut,'' the group's president and Nigerian Oil Minister Edmund Daukoru, who will host the 11-member organization's meeting in three days, said in Abuja on Dec. 8.
Oil has been above $50 a barrel for the past 18 months. The retreat from July's record occurred as tensions eased between the West and Iran over the Islamic nation's nuclear research program. A benign hurricane season in the oil-producing U.S. Gulf of Mexico helped drive down the price of crude.
Production Cuts
The group agreed to cut production by 1.2 million barrels a day as of Nov. 1. OPEC has so far made about half the promised target. Excluding Iraq, which is excused from the accord, OPEC's November crude output fell to 26.97 million barrels a day, down 535,000 barrels from October, according to data compiled by Bloomberg.
Global oil consumption will decline 2 million barrels a day in the second quarter from the first, according to the International Energy Agency in Paris. The seasonal drop reflects less need for winter heating fuels.
``They won't decide on a cut to be implemented immediately, they will talk about a cut in the first quarter,'' Lasserre said. They will remain ``vague on the exact timing.''
Some OPEC ministers said the meeting may result in a second round of reductions.
``The cut could be up to 500,000 barrels a day,'' Venezuelan Oil and Energy Minister Rafael Ramirez said Nov. 30.
Lasserre said OPEC would risk its credibility and ability to influence the market by announcing new cutbacks before the first round is completed.
`Everyone Is Concerned'
Crude prices are about six times higher than they were at the end of 1998. During the past two years, booming demand, particularly in China, has allowed OPEC members to pump as much as they can.
The dollar last week fell to its lowest against the euro since March 2005 on concern the U.S. economic expansion is slowing. A weaker U.S. currency hurts oil exporters because sales are mostly transacted in dollars. The currency has lost about 5 percent against the euro since Oct. 13, when it reached the highest level since July.
``Everyone is concerned'' by the drop, Qatari Oil Minister Abdullah Bin Hamad al-Attiyah said this month in Abu Dhabi.
OPEC may consider making Angola a member when it meets. Angola, which pumps about as much oil as Algeria, last month said it wants to join OPEC.
Angola's oil minister, Desiderio Costa, will attend the meeting as an observer. If successful, the country would be the first new member since Gabon joined in 1975. Gabon left in 1994.
``Economically it doesn't make sense to join, but politically if they want to sit at the big table then that's a good motivation,'' said Drollas.
To contact the reporters on this story: Stephen Voss in London at sev@bloomberg.net ; Andy Critchlow in Dubai at at acritchlow1@bloomberg.net
Last Updated: December 10, 2006 19:05 EST
Would wonder why Cramer is not a trillionaire yet since he can move stocks like almighty stock mover... he is above the security law.
wonderbuy, didn't you mention RIMM?
http://www.bloomberg.com/apps/news?pid=20601084&sid=a5HrX7a_DKqk&refer=stocks
Intuit, Nortel, Mellon, Research In Motion: U.S. Equity Preview
By Amy Thomson
Dec. 10 (Bloomberg) -- The following is a list of companies whose shares may have unusual price changes in U.S. exchanges tomorrow. This preview includes news that broke after exchanges closed on Dec. 8. Stock symbols are in parentheses after company names.
Some makers of fertilizer for corn were recommended by CNBC host Jim Cramer on his ``Mad Money'' television program because he said the industry will benefit from higher corn demand and declining yield.
Agrium Inc. (AGU US) rose 85 cents to $32.18 in trading after the official close of U.S. markets. Mosaic Co. (MOS US) advanced 73 cents, to $23.01.
Alcon Inc. (ACL US): Shares of the world's largest eye-care company may go as high as $140 in 2008 on rising demand from U.S. baby boomers and expansion in Japan and emerging markets, Barron's said, without citing anyone. The stock rose 18 cents to close at $113.55 in regular trading.
Catalina Marketing Corp. (POS US) fell 57 cents, or 2.7 percent, to $28.54 in trading after the official close of U.S. markets. The company, which does research to help retailers customize coupons, hired Goldman Sachs Group Inc. to advise on a possible sale of the company.
China BAK Battery Inc. (CBAK US) rose 60 cents, or 8.2 percent, to $7.90 in trading after the official close of U.S. markets. The maker of rechargeable lithium batteries said in a statement sent by PR Newswire that fiscal-fourth quarter revenue rose 72 percent to $46.1 million.
First Niagara Financial Group Inc. (FNFG US): The holding company for First Niagara Bank, Cortland Savings Bank, and Cayuga Bank said Chief Executive Officer Paul Kolkmeyer resigned and is being replaced by Chief Financial Officer John Koelmel because Kolkmeyer and the board had a different philosophy on strategy. The stock lost 5 cents to $14.36 in regular trading.
Gatehouse Media Inc. (GHS US) shares will drop to $10, less than half the current price, because of debt and threats to newspaper circulation and advertising, Barron's said, without citing anyone. Shares of the company, which owns 75 daily and 231 weekly newspapers, rose 4 cents to close at $20.49 in regular trading.
Global Sources Ltd. (GSOL US) rose $1.90, or 14 percent, to $14 in trading after the official close of U.S. markets. The company, which matches buyers and sellers through Web sites and publications, was recommended by CNBC host Jim Cramer on his ``Mad Money'' television program because it's positioned to profit from growing Chinese exports.
Intuit Inc. (INTU US): Shares of the maker of TurboTax and Quicken financial software may reach $38 in 2007 on an increase in sales after the $1.35 billion acquisition of Digital Insight Corp., Barron's said, citing Morgan Stanley analyst Dave Joseph. The stock rose 2 cents to close at $30.85 in regular trading.
Medtronic Inc. (MDT US) shares will rise when the world's largest maker of heart-regulating machines begins using wireless technology that will update doctors on how the devices are working, Barron's said. Sales and earnings of pacemakers and defibrillators will increase 15 percent a year for the next five years, Barron's said, citing Chief Executive Art Collins. The stock fell 10 cents to close at $53.43 in regular trading.
Mellon Financial Corp. (MEL US): The stock may reach $50 a share after the company was acquired by Bank of New York Co. in a deal that created the world's largest custodian of assets for institutional investors, Barron's said, without citing anyone. Shares fell 18 cents to close at $42.10 in regular trading.
Nortel Networks Corp. (NT US): Shares of North America's largest maker of telephone equipment may triple in the next few years as the company cuts $1.5 billion in costs by trimming management jobs and restructuring pensions by 2008, Barron's said, citing Merriman Curhan Ford & Co. analyst Tim Savageaux. The stock rose 26 cents to close at $22.54 in regular trading.
Research In Motion Ltd. (RIMM US): The maker of BlackBerry devices said it will miss a Dec. 18 deadline to file its fiscal second-quarter earnings, risking a trading ban on its shares. The stock fell $1.06 to $127.69 in regular trading.
SanDisk Corp. (SNDK US): The world's largest maker of flash memory cards said Executive Vice President Nelson Chan, who oversaw consumer products and marketing, left the company for undisclosed reasons. The stock fell 93 cents, or 2.1 percent, to $44.09 in regular trading.
Wet Seal Inc. (WTSLA US): The seller of clothing for young women, said it will delay filing its third-quarter results with regulators and restate earnings back to 1998 after discovering errors related to the accounting of past stock option grants. The shares rose 12 cents, or 1.7 percent, to $7.30 in regular U.S. trading.
Wyndham Worldwide Corp. (WYN US): The fourth-largest U.S. hotel operator said it has agreed to develop 10 Ramada properties in India. The stock rose 16 cents to $32.56 in regular trading.
Tickers: INTU NT MEL RIMM
To contact the reporter on this story: Amy Thomson in New York at athomson6@bloomberg.net .
Last Updated: December 10, 2006 16:47 EST
XLE, CHK, VLO: Those are VST losing momentum even though I do think "intra" bounce since it is vst intra oversold; however, these stocks are volatile. I do avoid commenting on specific volatile stocks even though I mentioned those once in a while on CS.
Good luck
XLE (174.90%) outperformed $WTIC (110%) since Oct 2002. I wonder what make the oil companies to make huge profits that we have seen. The price of gas is higher than their other cost; so, they are making the profits. That tells us that the gas price was too high.
Also, it is interesting that the OIL price action and the XLE's is usually in sync, however it was trading opposite direction during the last few months. Think that the price of OIL was down during the last few months because of election, but not XLE, this is just one possibility.
USD, 10y T. & OIL: WB, your comments: Sure, 1B is just fine or 1best... whatever. Thank you for your understanding. It just takes some time to wash off the 1.5yrs of a few posters' personal attack posts about my posts on iHub.
It seems that if you consistently update your favorite stocks, some would be beneficial. For example, I mainly comment on QQQQ and major markets; and when I have the time, I comment on individual stocks. Sector comment is NOT my priority.
I thought that it would be informative if you comment on QQQQ option move at the end of the day.
10y T. bouncing off from the LT DT support while USD is also bouncing off from LT low support near Dec05.
OIL broke out of DTL, however, it is pausing the recent momentum as it consolidates.
Dr Bernanke will speak on Thurs and Fri in Beijing.
1best impostor: That's exactly my point which you address to "Impostor" of my alias; hence, as I asked you, please do NOT address me as 1best on iHub board.
With regard to option, I am aware of there are hundreds, but thought it would be good what I suggested.
Have a good evening.
Posted by: wonderbuy
In reply to: __1Best__ who wrote msg# 2587
Date:12/9/2006 5:06:34 PM
Post # of 2589
1best, you don't need to worry about it, the other alias was toasted => http://www.investorshub.com/boards/profile.asp?user=59774
Regarding trading options, I am just another novice.
Some links to options basics are provided in the ibox above. They are professional and provide very detail explanations. I repeated them as follows:
Posted by: __1Best__
In reply to: wonderbuy who wrote msg# 2584
Date:12/9/2006 12:43:19 PM
Post # of 2589
re 1best: WB, I would like to point out that in iHub, we have 1best who is an impostor of my ID, so, could you please specify the alias as __1Best__ if you do. I know that I am being somewhat overly detailed, but I think that it is better to point that out.