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NVEI either I'm way wrong or this is a good time to get in my first buys were at 9.75 and sells over 12...then I bought more at 9.75 average just play money 500 shares...
Nows a good time to either bail (never lose more than 50%) or buy more to average down...DCA says this is a great op to brin your average down...market says this is gone from super high risk to ultra high risk speculation...I said if no news or they start making excuses this would be a clue...so far nothing...
My gut says buy more but my wallet says sorry you gotta either sell shares of something else or grin and bear it: cash account will be used for xmas...sucks...if I had more funds this seems like a no brainer although risk has increased in this market...not unlike VDOT trying to go NAZ earlier this year the market pulled them under...now the MM's have the same excuse for NVEI...
It's gonna be close...
Further LU hasn't announced or even hinted anything about copper and the test results that were supposed to come back in October still haven't been announced...
If they pull this out they still have to run against the tide although the tide is shifting a little...we are near a bottom I can feel it but is it a bottom on the way back up for a prolonged period or a bottom where it goes up just a little before sliding further...my main souce of info and indicators is late should be mailed mid Dec...so I have to look it all up by hand as it were...pain...
VDOT should be very interesting over the next two weeks...there are some very cools deals being worked on...
TALK CGPN
CGPN
http://finance.yahoo.com/q?s=CGPN.OB&d=t
Demand for this product should be high...
TALK up 26% more...sell into the third day...so if anybody did pull the trigger tomorrow is the day to take profits found out about this too late and after a 100% run up yesterday I was just plain chicken to jump in today. The gap up was only 3 cents...and it didn't run till the very end of the day...
http://finance.yahoo.com/q?s=TALK&d=t
http://finance.yahoo.com/q?s=TALK&d=1d
About time some of you guys showed up...
MDCE when you go to the site be sure to click on the banner at the bottom of the page...they are on an exchange with DCLK so every time you click the banner ad their (MDCE) banner gets circulated...
NVEI it is amazing what lengths those freaking MM's will go to keep a stock on the OTC...then again NVEI hasn't put out a peep of info for quite awhile...NASDQ should be next week...that's what BC tells me anyway...the bashers showing up in profusion over there tells me something is up the boiler rooms are at work...
Tell me more about freerealtime by email...I used to use that site when it first came up over a year ago but since I got streaming quotes I don't go there they also ****ed me off with tons of spam in my email...offers I might be interested in...and wasn't...
End of month smack down in progress aided by overall ****ty market...people who talk of a rate cut in Dec are nuts. They have to go to nuetral fist then maybe they'd cut the next time...feb or something but even that is a pipe dream.
Good times are over for awhile.
The fed doesn't want what's bet for you and me or the market the fed wants what's best for the fed...
MARKET REPORT + Talk
************************************
Nasdaq and small cap stocks ended Wednesday's trading day lower as
investors reacted to a slowing U.S. economy that could continue to affect
earnings in the tech sector.
For the session, the Russell 2000 leading index of small cap stocks ended
lower by 4.7 points, or 1%, to 453.32, while the S&P 600 lost 1.77, or
0.9%, to 200.15. The Wilshire Small Cap 1750 deleted 7.54, or 1%, to 731.85.
There is a whole bull market out there that is getting overlooked due to
tech-sector weakness, said Frank Gretz, chief technical analyst at Shields
& Co. "It's important to realize that most everyone is looking for rally."
The tech-laden Nasdaq Composite Index, which tumbled 5.1% in Tuesday's
session, lost another 28.82 points, or 1.1%, to 2706.16, well off its lows
for the session. The Philadelphia Semiconductor Index of large cap chip
issues fell into the losing column once more in a choppy day of trading,
down 0.74 points, or 0.1%, to 576.38, after plunging 8% Tuesday.
Blue chip stocks for the most part stayed in positive territory with the
Dow Jones Industrial Average gaining 121.53, or 1.2%, to 10,629.11, while
the S&P 500 gained 5.68 points, or 0.4%, to 1341.77.
Earlier Wednesday, the Commerce Department said third-quarter Gross
Domestic Product rose 2.4%, a hair above analyst estimates of 2.2% but
lower than the initial 2.7% released last month.
"Wall Street responded in mixed fashion to the numbers," said Larry
Wachtel, market analyst for Prudential Securities Inc. "Half the Street
wanted it worse and the other half feared it would be worse."
Wachtel noted some analyst estimates were as low as 2% or even lower.
"With the economy obviously cooling and fears of a hard landing, which
means recession, being brooded about, the fact that it was 2.4% shows that
we aren't going into the tank," Wachtel said.
The report on the total output government report also revealed inflation
remained in check during the third quarter at a revised 2.1%. It was
further proof the Federal Reserve's higher interest rates were slowing
economic growth.
"The thing that Wall Street is lusting for is a change in Fed policy,"
Wachtel added. "And the worse the economic numbers, the more likely the Fed
is to change at least its bias on Dec. 19."
With unemployment hovering around 4%, market watchers hope for a modest
rise in next week's unemployment report to assuage the Fed's inflationary
fears. A continued low-unemployment rate is viewed as a sure sign the Fed
won't ease rates anytime soon.
"If the unemployment rate rises from 3.9% to 4.1% or 4.2%, then there will
be a groundswell ahead of the Fed meeting," Wachtel said.
"If the unemployment rate stays at 3.9% a 40-year low and the price of
energy continues to rise as it has been, it's very hard for the Fed to then
say we're going to ease against this obvious inflationary threat."
Within small cap stocks, shares of NexMed Inc. (NASDAQ: NEXM) rose 12%
after the firm said phase III clinical results showed its Befar cream was
"significantly" more effective than a placebo in treating erectile
dysfunction. For the session, NexMed gained 1 point, or 11%, to 10 1/8.
Tut Systems Inc. (NASDAQ: TUTS) lost ground after Dain Rauscher Corp.
downgraded the stock, cut its price target and said the broadband provider
is unlikely to see substantial revenues from its Korea operations for the
next two quarters. Shares of Tut Systems dropped 6 7/16, or 37.6%, to close
at 10 11/16 on high volume of 6.23 million.
Genzyme Surgical Products (NASDAQ: GZSP) said it received U.S. Food & Drug
Administration approval to market its heart valve surgery product,
NextStitch. The news drove shares of the cardiovascular surgery products
firm up 5/8, or 8.5%, to 8.
In Canadian trading, the Toronto Stock Exchange headed lower, adding to
yesterday's 200-point loss. The TSE dropped 104.10 points, or 1.2%, to
8821.10, while the Canadian Venture Exchange lost 43.84, or 1.5%, to 2934.01.
In currency markets, the Canadian dollar slipped 0.4% to US$0.6487 from
US$0.6515, while in late New York trading, the euro was steady at US$0.8568.
In commodities news, energy futures gained after Tuesday losses, with
January crude oil futures adding 41 cents, or 1.2%, to $34.63, while
January natural gas slipped 3 cents, or 0.5%, to $6.18. February gold
dropped $3, or 1.1%, to $269.60.
Watch for more economic news this week. Tomorrow, look for the latest
personal-income data and weekly initial-unemployment claims, among others.
On Friday, construction spending weighs in.
Good God! Did any of you catch TALK (talk.com):
http://quote.yahoo.com/q?s=talk&d=v1
Now on my radar. Think there might just maybe have been just a smidgeon of manip here?
http://chart.yahoo.com/d?s=talk
I was a bull but it turned out bear and I was full of bull...or something like that...
MARKET TRENDS: Why the Market Itself is the Premier Pundit
I'm not one for making predictions. Yet I admit, I love to know what others
forecast.
On October 22, 2000, I asked hundreds of Mav Poll recipients where they
thought the Nasdaq would end the year. At that time, the tech-laden index
sat at 3483.
33%, or 1/3 of respondents, expected a year-end close of Nasdaq 4000.
Another 17% called for 4500 and 3% predicted 5000. In other words, more than
half (50%) of all participants felt that we'd see a year-end bull market
rally anywhere between 500 and 1500 points.
Today, about five weeks after the poll, the Nasdaq has been trading in the
2600's and 2700's. Incidentally, less than 10% of respondents felt the index
would close the year below 3000.
Granted, few expected to see so many earnings disappointments. And surely,
nobody could have guessed the highly contentious presidential battle.
Nevertheless, a quick gander at the Nasdaq trend chart and corresponding
info tells every investor a few details about what the market itself thinks.
Since September 8, for instance, the Nasdaq has traded more than 20% off its
mid-March high.
More telling, the Nasdaq fell below its long-term trendline on September 11
and received my red flag. That wasn't a prediction; rather, an indication
that technology had strong enough downward pressure to warrant the raising
of cash and the lowering of tech holdings.
See the trend charts for yourself!
http://www.fabian.com/tools/trending/home.html
SDS slowly but surely creeping up...
Running against the tide:
http://quote.yahoo.com/q?s=SDS&d=t
Mike Murphy stock pick...
It's the all THG board!
All THG all the time!
Anyhow get ye to thine broker and purchase as many shares of VDOT as thee canst afford.
Stupendous things doth come in the near term...3 to 15 weeks. Huge. Massive. Monster. The fortnight that cometh also portends excellent things for thine portfolio.
The market will temper this but just imagine what will come when the market turns around...the bull always comes back it's not if it's when...it looks like it may be a while...then again looks can be deceiving...i b4 e...except...
Things is good at VDOT...
Articles:
Consumers are frustrated by the current limitations of mobile commerce, according to a study by the Boston Consulting Group, but expect that m-commerce will become a part of their daily lives within a few years.
One in four mobile device owners surveyed stopped using m-commerce applications after the first few attempts, citing slow transmission speeds, difficult user interfaces and high costs. In addition, 60 percent of owners of m-commerce devices worldwide don't use m-commerce applications.
The study, released this month, surveyed 1,633 early and potential m-commerce users in the United States, Japan, Germany, France and Sweden.
The rest of it:
http://www.dmnews.com/articles/2000-11-27/11794.html
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Wall Street May Not Like Dot-Coms, but Main Street Does
A new survey shows that consumers are more satisfied shopping online than off. They're not big on portals, though.
By Reuters
NEW YORK (Reuters) – Consumers are more satisfied making retail purchases online than they are shopping at traditional department and discount stores, according to a survey by the American Customer Satisfaction Index, a quarterly consumer report by the University of Michigan Business School.
The report, which was released on Monday, found that consumer satisfaction with the online shopping experience earned a score of 78 points out of a possible 100, which is significantly higher than the 72 points most recently scored by department and discount stores.
The survey found that No. 1 online retailer Amazon.com Inc. (AMZN) scored an 84, the highest of any service sector company included in the study, and discount warehouse store operator Costco Wholesale Corp. (COST) had the top score of 79 points among traditional retailers.
The rest of it:
http://www.thestandard.com/article/article_print/0,1153,20396,00.html
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Whole thing:
Online Post-Thanksgiving Traffic Matches Offline Rush
Traffic to e-commerce sites surged the day after Thanksgiving, traditionally the busiest shopping day of the year for bricks-and-mortar stores, according to a survey yesterday by online audience measurement service Nielsen//NetRatings.
Web surfing rose 27 percent at home Friday versus the rest of the week -- a trend that mirrors the offline world, according to the Nielsen//NetRatings Holiday E-Commerce Index, which measured five representative sites in eight product categories.
Categories measured included apparel, consumer electronics, books, music and video, Internet-only department stores, value-oriented sites, toys and games, specialty gifts and computer hardware.
The survey by the New York market researcher found that the apparel and consumer electronics categories were up 68 percent and 46 percent, respectively, in traffic Friday versus the rest of the week.
For instance, among apparel retailers, Landsend.com traffic jumped 93 percent, Gap.com 86 percent and Spiegel.com 85 percent.
Among consumer electronics sites, Circuitcity.com traffic was up 126 percent in unique audience at home Friday. Competitors Outpost.com saw traffic rise 48 percent and 800.com 40 percent.
Online department stores, however, were the leading contributors to this surge in traffic. Amazon.com attracted more than 1.3 million people online Friday, up 36 percent compared with the rest of the week, according to the survey.
Multichannel retailers' online stores reported a 49 percent increase in the number of shoppers Friday versus the rest of the week. Internet-only retailers recorded only a 26 percent jump.
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Another one about Thanksgiving sales online...yahoo up 100% over last year others report similar; (the net's dead tho', e-tailing is out. Tech is done for. For the love of god get out while you still have money left. The big guys are trying to save you: they just want your shares at a steep discount. Sell to them and everything will be allright). Soon you may even hear good news from the offline media about e-sales...don't hold your breath.
http://www.newsbytes.com/news/00/158631.html
E-Commerce Sales Top $6 Billion
By David McGuire, Newsbytes
WASHINGTON, D.C., U.S.A.,
27 Nov 2000, 2:01 PM CST
Dot-com market woes notwithstanding, Internet retailers did record business in the third quarter of 2000, tallying more than $6 billion in sales, according to government statistics released today.
US e-commerce sales for the third quarter totaled nearly $6.4 billion, an increase of nearly $1 billion over the second quarter total of roughly $5.5 billion, according to quarterly Census Bureau findings released today.
E-commerce sales spiked despite an overall drop-off in total retail sales including e-commerce, the report found.
But despite growing overall, and as a percentage of total retail sales, e- commerce sales continued to account for less than 1 percent of all retail sales in the third quarter, according to the Census Bureau findings.
E-commerce's $6.4 billion contribution amounted to just 0.78 percent of the $812 billion in retail sales recorded by all sellers in the third quarter, the report found. In the second quarter e-commerce sales accounted for only 0.68 percent of all retail sales.
And while e-commerce sites may be carving out a bigger piece of the retail pie (the 0.78 percent mark was the highest recorded by the Census Bureau since it began tracking e-commerce sales) statisticians are still unsure whether Internet retailers are taking business away from traditional sellers.
Earlier this year Census Bureau chief Robert Shapiro said that his agency was in the process of developing a measure for "the extent to which e- commerce shifts customers and the extent to which it adds customers." Within a year, he said in May, the bureau should have a better idea of whether electronic retailers are taking business away from traditional retailers, he said.
The e-commerce data is not seasonally adjusted.
Findings of the quarterly report are available on the Census Bureau's Economics and Statistics Administration Web site at http://www.esa.doc.gov .
Reported by Newsbytes, http://www.newsbytes.com
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You knew this but, 1 billion = 10 hundred million = one thousand million. 10 billion = 100 hundred million = ten thousand millions.
That's done on line in less than six months...8 years ago it was about ZERO. And that's just retail...
Pick a sector. Pick stocks in that sector.
I like tech. I like B2B and internets...
Most of this info taken from
http://www.ragingbull.altavista.com/mboard/memalias.cgi?member=NoGuano
We are just at the very begining of all this:
Coke Launches First Interactive Campaign With RespondTV
By: Michael Rudnick, Senior Reporter
The Coca-Cola Co. recently launched its first interactive television advertising campaign through RespondTV, San Francisco, an I-TV technology provider.
The advertisement features the longtime Coca-Cola mascots, the animated polar bear twins, helping their mother decorate a Christmas tree. I-TV viewers are served an icon during the 60-second spot that enables them to order a free stuffed Coca-Cola polar bear by entering their name and mailing address. Any consumer owning an Internet-enabled set-top box, including WebTV and AOLTV, can view the advertisement, which will run until Dec. 24.
"We decided to use the interactive television medium to connect with consumers in a different way than our competitors are," said Mart Martin, spokesman for The Coca-Cola Co., Atlanta. "With new technology coming out every day, you have to put your toe in the water more quickly."
The campaign was created as a branding effort, Martin said, adding that the free polar bear serves as a constant reminder to the consumer to purchase Coca-Cola. Martin did not disclose the day parts in which the ad is running, but said that it is being featured during "family-friendly" holiday-oriented programming. The advertisement is running on national cable stations and local broadcast stations.
The advertisement is targeted across a wide demographic, from young children to senior citizens.
"In test studies, we determined that the polar bears appeal to everyone from 8-year-olds to 80-year-olds," Martin said.
GTMI now GLTI has taken off in a bad market...up 18% today alone last I saw it it was in the 40's turn around and boom...
http://quote.yahoo.com/q?s=GLTI.OB
Been on the watch list a long time and I keep not watching...
Odd:
http://www.sangraal.com/news/
MARKET REPORT
************************************
Resurgent earnings concerns and a slowing economy pushed small cap stocks
lower Tuesday and sent the Nasdaq Composite Index to its lowest level this
year.
Small cap stock indexes ended uniformly lower, with the Russell 2000
leading index of small cap stocks slipping 12.68, or 2.7%, to 459.02, while
the Wilshire 1750 lost 24.26, or 3.2%, to 739.39. The S&P 600 lost 6.54
points, or 3.14%, to 201.92.
The tech-laden Nasdaq Composite Index dropped 145.51 points, or 5.1%, to
2734.98, a level not seen since October 1999. Chip stocks, represented by
the Philadelphia Semiconductor Index also plunged, adding to yesterday's
near 6% loss by losing 50.96 points, or 8.1%, to 577.12.
"The technology end clearly took most of the damage," said Chief Economist
David Blitzer of Standard & Poor's. Software, semiconductors and
communications-equipment stocks were all hit in the tech sell down.
Blitzer noted that while Nasdaq stocks took the brunt of the damage, there
wasn't any one villain to point to. Continuing earnings woes, a slowing
economy, uncertainty over the U.S. presidential election and rising energy
prices all contributed, if not in equal proportion.
"It's all earnings anxiety more than anything else," Blitzer added.
Earlier Tuesday, the Census Bureau reported orders for durable goods, those
designed to last three years or longer, tumbled 5.5% in October, mostly on
a drop in aircraft orders.
"Believe it or not, this is the reason for the Nasdaq sell-off," said
Richard Yamarone, director of economic research at Argus Research.
In general, old-economy stocks are thought to be most affected by the
report. But Yamarone said the report doesn't just affect manufacturers of
autos and refrigerators anymore, noting a 9.9% drop in electronic and other
electrical equipment orders, which are new economy related.
The drop in long-lasting-goods orders was greater than analyst expectations
of a 1.3% decrease. The decline was blamed on higher interest rates and
fewer exports and was the first such fall in three months. The government
also revised September's increase in durable goods downward to a gain of
2.4% from a previously reported 3% rise.
Investors saw the corollary between the drop in electronic orders and how
that affects stocks such as telecommunications, Yamarone said. Also,
tighter loan standards, a high real federal funds rate and high prime rates
currently at 9.5% are attacking capital spending and business investment.
"Investment spending is really fueling the slowdown. Unless the Fed changes
policy," Yamarone said, "we're not going to see any alleviation in this.
Things would get worse before they get better."
Yamarone added he expects the Fed will relax its tightening bias and move
to a more neutral stance at its Dec. 19 meeting, while keeping an eye on
inflation.
Several small cap stocks moved on news of a shuffling in the S&P 600 Small
Cap Index. Bell Microproducts Inc. (NASDAQ: BELM), a computer-products
distributor, will replace Talk.com Inc. (NASDAQ: TALK) in the index,
Standard & Poor's said, while Radiant Systems Inc. (NASDAQ: RADM), a
software maker, will replace MascoTech Inc. (NYSE: MSX).
Talk.com Inc. (NASDAQ: TALK) was also among the losers after S&P said the
online Web telephone long distance company would be bumped from the S&P 600
index. Shares fell in excess of 60% to 9/16.
Small cap aerospace and defense stocks were hurt by the report but
recovered some ground in afternoon trading. Satellite-manufacturer Orbital
Sciences Corp. (NYSE: ORB) fell 5/16, or 5.2%, to 5 3/4, while Heico Corp.
(NYSE: HEI) fell 5/16, or 2%, to 15 1/8. Esterline Technologies Inc. (NYSE:
ESL), Triumph Group Inc. (NYSE: TGI) and Newport News Shipbuilding Inc.
(NYSE: NNS) also fell.
Blue chip stocks resumed their positive position after heading lower at
midday. The Dow Jones Industrial Average slipped 38.49, or 0.36%, to
10,507.58, and the S&P 500 dropped 12.88 points, or 1%, to 1336.09.
Also this morning, the not-for-profit business group, the Conference Board,
reported consumer confidence fell in November to 133.5, falling short of
analyst expectations of 136.
The unexpected decline suggests consumers' faith in the U.S. economy has
slipped and the Federal Reserve may have raised interest rates too much.
The Conference Board noted a week ago that it expects a robust Christmas
sales season nearly on par with last year's sales.
"All the numbers are stronger than they were last year at this time," noted
Argus' Yamarone. "Consumer confidence is higher, unemployment is lower, and
spending and incomes are all higher than they were in 1999."
In Canadian trading, the Toronto Stock Exchange erased all of Monday's
gains and then some, dropping over 2000 points, or 2.2%, to 8925.20, while
the Canadian Venture Exchange fell 57.6, or 1.9%, to 2977.8, after giving
up 36.47 points Monday.
In currency markets, the Canadian dollar slipped 0.1% to US$0.6510 from
US$0.6515, while in late New York trading, the euro advanced to US$0.8564.
In commodities news, energy futures slipped after several days of milder
weather in the Northeast. January crude oil futures tumbled $1.16, or 3.3%,
to $34.22, while December natural gas lost 35 cents, or 5.5%, to $6.02.
December gold dropped 50 cents, or 0.2%, to $269.80.
ELON Part II
http://www.fool.com/portfolios/rulebreaker/2000/rulebreaker001128.htm
Part one:
http://www.fool.com/portfolios/rulebreaker/2000/rulebreaker001127.htm
I have missed 100% gains on this stock several times....4 to be exact...here is a prime example of a stock that you call your target price take the gain and then keep watching...36% would have been easy...10K to 34K on the 36 table. On just one stock...
This is a buy under 25 and a strong buy at 20...I'm waiting for 20...DCA on the way down NOT up. Once you get a position hold for 50 to 100% NOT just 36% unless you are conservative...36% is nothing to sneeze at...
http://quote.yahoo.com/q?s=elon&d=b
http://chart.yahoo.com/t?a=01&b=1&c=00&d=11&e=28&f=00&g=d&s=elon&y=0&z=elon
Look how fast it moves when it moves...study the table look at the intra day highs...this one is my new favorite ever since LCOS got ate up. I loved LCOS it made me money...lots of it...sigh...I remember once when I tried to get out at 96 (after buying in at 68 or something and I couldn't get out till 114...those were the days...
Anyhow ELON put on radar...be nimble...watch carefully...
Exactly one stock on my B2B watch list was green today.
PNLK.
CLIC and PCOR were even...
All the rest were down 1.5% all the way to 20% BVSN is looking like a buy...could go lower...DCA trying to find oversold stocks in this market is like trying to find a needle in a stack full of needles...
http://quote.yahoo.com/q?s=ACRU+AILP+ARBA+ASWX+BVSN+BWEB+CLIC+CMGI+CMRC+CNQR+CPTH+EGAN+ELCO+ENGA+EPNY+ICGE+INOW+ISLD+ITRA+JCDA+KANA+KEYN+NEON+ORCL+PCOR+PNLK.OB+++PPRO+ROWE+SFE++TIBX++VDOT.OB++VERT+VITR+VRTL+VRTS+VSRC&d=v1
Stock letter sort of:
Mutual Funds together make or break a market...that's why mutual fund cash is such an important indicator...if mutual funds don't have cash they can't buy and if they can't buy no rally can be sustained:
http://aolpf.marketwatch.com/source/blq/aolpf/archive/20001127/news/current/fidelity.asp
And if they sell heavily...individual investors do not power the market institutions do. The myth about the power of the individual investor is a cover for the machinations of the big fish...the article above talks about Fidelity...add the top 10 fund families (ranked by assests under management) and you get the picture...the number goes from 15% to over 50%.
Then add a little conspiracy theory...IE they conspire...IE they talk to each other even just a little...
Think about it...how many individual funds do those companies control...how many analysts follow those funds, how many analysts follow the individual sectors and then at last the stocks in those sectors...
Think about how much sentiment they can control in the market drowning out opposition and and facts to the contrary. This is a herd on Wall St. Doesn't have to be an evil conspiracy or even one that's coordinated by any mastermind or coven of masterminds...just be aware that it's there. And it ain't always right. This of course affords us little guys huge opportunities for gains but if we aren’t nimble makes us vulnerable to being run over or sucked out with the tide.
It took me about three months after the peak (way to slow) to figure out it was a shorter’s paradise. At election time when they couldn’t declare a winner I knew it was again one of those rare times when you could pick a stock with a blind fold and a dart and watch it sink in value on the NASDQ…with a little care you could find one that would really dive. Think about it if you play this game to the fullest extent times like Feb and March are great because you can go long on anything and make money, and times like this are great because you can go short and make good sums too.
I handicap myself because I don’t go short. Still managed to get some one day pops in due to a knowledge of market history, stock price history and dumb luck but the pro’s are quietly making money bull or bear.
You can either fight it and lose your ass or take the knowledge and use it to your advantage. If the game is rigged and you know it’s rigged and you even know how it’s rigged you’d be stupid to play by the old unrigged rules…but you could score with the new rigged rules…
Take VDOT. In 7 days they marched that up 300%…thru almost all the moving averages. Outside the bolinger bands….60 to 1.99 I say 300% because good luck selling that in any quantity over say 1.80 (but they would be happy to fill buys up there). Then they took it down to .90 or so. Is this fair? Is VDOT worth more than .90? Was there some MM action going on there? So what? There was a huge op to make money or increase shares. Bemoaning the vulgarities of it won’t put your kids thru college.
Find out how it works and use the knowledge to your advantage…
BTW right now PNLK is in the hole it’s up almost 50% since it dove down into the .40’s (low was .37 at bid)…problem is there is no volume to play with…ie hard to fill in or out.
There are plenty of bargains out there to accumulate if you have any cash…MDCE is down under .015 average down.
Plenty of big tech stocks for the picking…one or two years from now you’ll look brilliant. When they are selling you are buying when they are buying you are selling…
Do your own DD. Beware free advice posted on the net.
PNLK and VDOT
http://www.ragingbull.altavista.com/mboard/boards.cgi?board=VDOT&read=120345
Solving the Supply Chain Maze
Back in the days when IBM, Intel and Microsoft shifted from integral product design, to modular product design, causing the computer industry to morph from a vertical to a horizontal structure, little did they know that they were paving the way for revolver distribution centres that could support just-in-time production, such as that of the Dell Direct Model. Rapid response and lean asset bases combined with the timesaving nature of the Internet upon which the majority of sales are now made, have led to substantially higher margins. (10/3/00)
But while the leaders have got it right, what is the lesson for newcomers, who do not (yet) enjoy competitive advantage and do not have the expertise and depth of background that comes with ‘growing up’ with the industry? What is the general consensus on e-business methodology, if in fact there is any at all?
Traditional development of the business entity usually includes a reasonably well-defined business or technical objective and a user community from which to cultivate specific requirements, including functionality, data inputs and data outputs. Existing software, ranging from libraries (component or otherwise) to systems (legacy applications, data feeds, databases) tend to be identified in advance. It is by and large, a foregone conclusion that options for combining existing systems with new software to provide a complete solution are often limited.
By contrast, e-business methodology is generally a contradiction in terms, with business strategies poorly thought out. Exchanges have spent the past two years integrating various components of infrastructure and packaged applications, "adding to stratum upon stratum of vertically focused adjustments and enhancements". At this present juncture, it appears that the business entities reaping most of the benefits currently, are those servicing the platforms and providing the software applications to enable the increasing degrees of transparency we so often hear about.
Furthermore, while the stage exists upon which the benefits of enhanced efficiency may be played out, individual businesses are simply not addressing, or leveraging the opportunities being made available, due to the perceived enormous complexities associated with going on line.
"The Web provides a powerful platform for companies who want to market their products and services globally without having to absorb the risk and expense of building a local brick-and-mortar presence, " said Mads Toubro, principal consultant for IBM's Globalisation Practice. "The issues associated with global e-commerce are complex, but for companies willing to address them, the upside can be enormous."
"The issues associated with global e-commerce are complex, but for companies willing to address them, the upside can be enormous."
"The issues associated with global e-commerce are complex, but for companies willing to address them, the upside can be enormous."
With B2B exchanges providing end-to-end solutions for businesses, leading to the inevitable erosion of transaction fees, it would appear that the lot of the exchanges is simply to sweat out the waiting game (liquidity on the exchange vs. dwindling cash reserves) before any semblance of a revenue model can be devised and rolled out, prolonging their lifespan for the sole purpose of individual businesses to ‘catch on’ and bolt on to the exchange platform. Given that the Exchange cannot survive without the individual business, and in the not too distant future, the business not only will be unable to survive without the Internet but also will positively thrive via online marketplaces, such a waiting game tends to be frustrating when the outcome is a foregone conclusion.
According to the U.S. Business-to-Business Trade Projections study, the problem rests with the simple notion that the next generation of E-commerce is different in that entire supply chains are connected to the same network. "If you thought you had big integration problems before, now you've got to integrate companies within your firewall," says Jupiter Research VP John Katsaros.
Katsaros continued to expound upon the degree to which the business-to-consumer transactions that have moved online, will pale in comparison to the number of transactions that include companies and their partners, suppliers, and customers. While 15% to 20% of business-to-consumer transactions have gone online, 80% of business-to-business transactions will be conducted online in six to-eight years, he says.
As analyst predictions continue to pour oil on the hype, misgivings are beginning to abound; for the simple reason that a lot of people would like to see the forecasts toned down a little. Not surprising, really, in the wake of such predications having been undermined by actual performance and market capital, which tend to result in huge swings in market sentiment. The following releases are testament to such mongering. According to forecasts from International Data Corp., the consumer Internet market outside the US. will to grow by as much as 46 percent by 2003. Jupiter Research has released a study with ‘pulse-quickening’ projections about the growth of the business-to-business commerce market. Jupiter's prediction that B-to-B commerce will expand from $336 million this year to $6.3 trillion in 2005 is likely to raise the heart rate of even the most composed IT administrators "as they try to figure out how to accommodate" such exponential expansion.
While ramping up the market place and wooing businesses online is one thing, the notion of “the quiet achiever’ tends to engender a far greater degree of integrity and reciprocal trust, providing a more stable ground upon which business can be conducted – particularly in view of the fact that barriers to entry currently remain extremely low, and hence the considerable number of talkers (as opposed to do-ers) currently swamping the market. Too much hype is never a good thing and analysts would be wise to remember this. In the meant time, before the higher margins of just in time supply can be enjoyed, businesses will first have to resolve the technological jungle of getting hooked up.
Author: Rikki Stancich, Senior Editor, Markets and Exchanges
MARKET REPORT
************************************
Nasdaq and small cap stocks ended Monday's session mixed as negative
analyst comments helped push tech stocks into losing territory.
Small cap indexes headed lower in the last few minutes of trading, as the
Russell 2000 leading index of small cap stocks slipped 0.17 to 471.70,
while the Wilshire 1750 lost 1.45, or 0.2%, to 763.65. The S&P 600 eked out
a gain of 0.29, or 0.1%, to 208.46.
Negative analyst comments on a number of computer-chip stocks, including
Broadcom Corp. (NASDAQ: BRCM) and Altera Corp. (NASDAQ: ALTR) chipped away
at the Nasdaq Composite Index. The tech-heavy index fell 23.89, or 0.8%, to
2880.49, while the Philadelphia Semiconductor Index plunged 46.60, or 6.9%,
to 628.08.
"Here and there, technology and Internet stocks are trying to continue
their recovery," said Donald Selkin, market analyst at Joseph Gunnar & Co.
But "we're not getting that broad-based move into technology like we saw on
Friday."
Investors are seeing continued follow-through buying from Friday, noted
Selkin. "But it is more concentrated in the Dow than in the Nasdaq."
Momentum early in the session was in part attributed to results of
Florida's presidential election, which named Texas Gov. George W. Bush the
winner of the Sunshine State's 25 electoral votes.
The lack of any final resolution to the election, though, is still cited
for some of the volatility in U.S. stocks.
"The quicker Gore concedes the better the market and the country will be,"
noted Kenneth Sheinberg, head of listed treading, Cowen & Co, who added
Gore's creating overall apathy in the market.
Retail stocks were credited in part with giving the Dow Jones Industrial
Average its strong gains for the session. The blue chip index gained 75.84,
or 0.7%, to 10,546.07, while the S&P 500 added 7.20, or 0.5%, to 1348.97.
Better-than-expected retail sales over the weekend contributed to an upward
push in bellwethers Home Depot Inc. (NYSE: HD) and Wal-Mart Stores Inc.
(NYSE: WMT). "That's why the Dow is leading the way today after not being
the leader on Friday," Selkin said.
He added that a lot of the stocks that would benefit from a Bush
presidency, such as Microsoft Corp. (NASDAQ: MSFT), Philip Morris Cos.
(NYSE: MO) and pharmaceuticals such as Merck & Co. (NYSE: MRK), are doing well.
LJR Redbook reported today its E-tail Stock Index rose 2.3% in the week
ended Nov. 24, compared to a 2.2% drop in the S&P 500 over the same period.
Major winners for the week were 1-800-Flowers.com Inc. (NASDAQ: FLWS), up
19%, and FTD.com Inc. (NASDAQ: EFTD), up 16%. Major losers included Delia's
Corp. (NASDAQ: DLIAD), down 28%, and Peapod Inc. (NASDAQ: PPOD), down 26%.
Within small cap stocks, Harmonic Inc. (NASDAQ: HLIT) became the latest
broadband-solutions provider to declare its revenues would be hurt by a
decision by AT&T Corp.'s (NYSE: T) AT&T Broadband to halt product
deliveries for the rest of the year. Harmonic dropped to 9 7/8, down 9/16,
or 5.4% in Monday's trading.
C-Cor.net Corp. (NASDAQ: CCBL) said AT&T Broadband's request to hold
shipments for the rest of the year shouldn't have a material effect on the
company's current quarter. Shares of the broadband communication services
provider gained 1 7/16 points, or 18.8%, to 11 7/16.
Earlier Monday, the National Association of Realtors reported existing-home
sales fell by 200,000, or 3%, in October. The trade group said sales fell
to an annual rate of 4.96 million homes from a revised 5.16 million in
September.
In Canadian trading, the Toronto Stock Exchange advanced 102.90, or 1.1%,
to 9127.40, while the Canadian Venture Exchange dropped 36.47 points, or
1.2%, to 3033.39.
In currency markets, the Canadian dollar added 0.1% to US$0.6515 from
US$0.6502, while in late New York trading, the euro edged higher to US$0.8515.
In commodities news, energy futures ended lower after a choppy day of
trading. January crude oil futures surrendered 2 cents, or 0.1%, to $35.38,
while December natural gas lost 21 cents, or 3.2%, to $6.37. December gold
gained $3.60, or 1.4%, to $270.30.
MARKET REPORT
************************************
Bargain hunters returned to the North American stock markets Friday and
drove all the major indexes up, including a 5% surge on Nasdaq. But market
watchers cautioned not to mistake Friday's uptick as a sustainable rally.
U.S. markets closed at 1 p.m. ET while the Canadian markets traded for a
full day.
For small caps, the Russell 2000 ended Friday up 13.97 points or 3.05% to
471.87 while the S&P 600 closed higher by 5.64 points or 2.78% to
208.17.The Wilshire Small Cap 1750 put on 25.7 points or 3.48% to 765.
Investors have been snapping up tech plays and consequently pushed the
Nasdaq Composite Index up 148.6 points or 5.39% to 2903.90. The tech-heavy
Nasdaq had surrendered 116.11 points or 4% on Wednesday to close at 2755.34
its lowest level since October 1999.
Qualcomm Inc. (NASDAQ: QCOM) and Oracle Corp (NASDAQ: ORCL), beaten up
early in the week are coming back to life. Software maker Oracle tacked on
8.12% to close at 24 1/8 while wireless Internet developer Qualcomm is up
7.05%, closing at 84 1/2.
The blue-chip laden Dow Jones Industrial Average closed up 71.23 points or
0.68% to 10,470.23.
Scotty George, chief strategist at Corinthian Partners Asset Management
said generally after a U.S. holiday, the markets will respond positively
but it would be erroneous to predict Friday's upswing will continue into
the short-term or long-term future.
"A lot of what happens next week clearly will be defined by what happens
Sunday," said George, referring to a Florida Supreme Court imposed deadline
to complete a hand recount of ballots in key Florida districts. "While I
don't ascribe an awful lot to the election as a determinant to the market
place, I do think the psychology of the elections are imposing a kind of
artificial barrier on the upside potential of the market."
Election woes aside, George said he sees more downside strength to the
market than he does an "accelerated process to the upside."
"I think the market will continue to be choppy and tend to bias toward
lower lows and lower highs until we work out valuation and fundamental
components that I think will get us back onto a bullish track."
George, however, doesn't see a bull market returning until the end of the
first quarter in 2001.
Earlier Friday, I/B/E/S International equity strategist Joe Kalinowski said
today's reversal of fortune in the markets (compared to Wednesday) is good
to see but volumes are so thin it doesn't mean much.
"There are guys out there looking for the bargains thinking the past few
days is the bottom," said Kalinowski. "But I seriously don't think the
heavy money will come in until we have the political turmoil settled and
until we start to get a better grasp on fourth-quarter earnings."
Kalinowski isn't expecting a sustained market turnaround until January or
early February.
In Canadian trading, the Toronto Stock Exchange added to Thursday's gains
and climbed back above the 9000 point mark. The TSE finished up 99.68
points, or 1.12%, at 9024.4.
Canadian bellwether stock Nortel Networks (TSE: NT) is up slightly,
increasing 10 cents or 0.17% to C$59.30.
In Canadian small cap trading, the Canadian Venture Exchange pulled back
above 3000 points, closing at 3062.34, up 58.19 points, or 1.9%.
In currency markets, the Canadian dollar moved 0.60% higher against the
U.S. dollar to US$0.6502.
Try to remember when everybody else is selling you are buying...
ICGE under 6!
HIT under 100!
ELON 20 is better
IBM back under 100 nanotech angle alone makes this a buy...
DELL get dell under 40...
CDO out of the teens...
MOT could we get it at 20?
VRTL...Sandy what have you got to say for yourself? I like it down here...
PCW wow is that a buy under 7! LTH, may continue to drop with Asia the way it is so DCA but under 9 I like it...
Bargains bargains bargains...you may not get the exact bottom but you'll get close...this is when LVLII pays for itself...
On the otc VDOT looking good
TXMC looking cheap...LMGR ditto
NVEI dipped under 6 and no fill....%^%$#@!! MM's
FONX coming back to attractive (enormo-float beware)
XYBR at 3...hmmmm
When they are selling you are buying...when they are buying you are selling...
The datrading Bible 76 commandments:
[One day when I have all the money I want I'll try my hand at day trading. Until then...-THG]
Maintain a positive attitude no matter how much you lose.
Stops are the key to success for many traders … limit your losses.
Successful traders buy into bad news and sell into good news.
The successful trader is not afraid to buy high and sell low.
Do not collect the opinions of others before entering trades, facts are priceless and opinions are worthless. In short, successful traders isolate themselves from the opinions of others.
Successful traders have a well-scheduled time for studying the markets.
Continually strive for patience, perseverance, determination and rational action.
Never get out of the market just because you have lost patience or get into the market because you are anxious from waiting.
The most profitable trading tool is simply following the trend.
Never change your position in the market without a good reason. When you make a trade, let it be for some good reason or according to a definite indication of a change in trend.
Dedication, persistence, thoroughness and hard work are the keys to investment success.
The most difficult task in speculation is not prediction, but self-control. Successful trading is difficult and frustrating. You are the most important element in the success equation.
The basic substance of price change is human emotion. Panic, fear, greed, insecurity, anxiety, stress and uncertainty are the primary sources of short-term price change.
Bullish consensus is typically at its high when the market is at a top. Also, there are few bulls at major bottoms.
Always discipline yourself by following a pre-determined set of trading rules.
Remember that a bear market will give up in one month what a bull market has taken three months to build.
Expand your sources for market info, but limit your sources for market opinion.
Don’t ever allow a big winning trade to turn into a loser. Stop yourself out if the market moves against you 20% from your peak profit point.
You must have a program, know your program and follow your program.
It is never possible to know everything about anything. A stock trader is in constant danger.
Successful trading requires five things. Knowledge, discipline, courage, money and the energy to merge the first four properly.
Expect and accept losses gracefully. Those who brood over losses always miss the next opportunity, which more than likely will be profitable.
The one essential ingredient to making money with money and keeping it is to have an organized effort.
The art of concentration can help you become a great trader. In other words, set aside time to think, plan, meditate, investigate, research, analyze, evaluate and select your trades carefully.
The key to successful trading is in knowing yourself and in knowing your stress point.
The real difference between winners and losers is not so much native ability as it is discipline exercised in avoiding mistakes.
The greatest risk for a stock trader is to rely on hope alone. Never substitute hope for facts. The greatest loss is loss of self-confidence.
Remember Mark Twain: "Only 10% of the people think, 10% think they think, and the other would rather die than think." Run from the tip as you would run from the plague. Regard the tip passer as one who knows not and knows that he knows not.
The man who goes to the top as a stock trader does not do as he pleases. He has trained himself to choose correctly between the two freedoms. The freedom to do as he pleases, and the freedom to do what he must do.
Stock trading errors include: a) Trading without reason; b) Trading on hope rather than facts; and c) Overloading without regard for capital.
Trade only when you have a good reason on an appraisal of fundamentals and using chart action for confirmation and timing of entry and exit.
Dream big and think tall. Very few people set goals too high. A man becomes what he thinks about all day long.
Have you taken a loss? Forget it quick. If you have taken a profit, forget it quicker. Don’t let ego and greed inhibit clear thinking and hard work.
One cannot do anything about yesterday. When one door closes, another door opens. The greater opportunity nearly always lies through the open door.
The deepest secret for the trader is to subordinate his will to the will of the market. The market is truth as it reflects all forces that bear upon it. As long as he recognizes this, he is safe. When he ignores it, he is lost.
Somewhere a change is occurring that can make you rich.
Beware of "Fools Disease" (i.e. … Waiting for trades that you’re sure are 100% profitable). It is better never to let yourself believe that you are 100% sure of anything.
Always gather the following information daily:
Defensive info
Available capital
Margins
Gross power
Net power
Calculated risk in open trades
Percent capital risked
Offensive Info
Potential profit
Potential loss
Margin required
Profit/Loss ratio
Profit/Margin ratio
Degree of certainty
It’s must faster to put a trade on than take it off.
If a market doesn’t do what you think it should, and you’re tired of waiting, you’d better be out of it.
Stay calm and maintain clear thinking when trading big positions.
Re-evaluate your position in the market if charts have been deteriorating and fundamentals have not developed as you expected.
Above all, be mentally prepared for the rigors of each trading day from the time you get up until you go to bed.
Believe that the market is stronger than you are. Do not try to fight the market.
Beware of large positions that can control your emotions and feelings. In other words, don’t be overly aggressive with the market. Treat it gently by allowing your equity to grow steadily rather than in bursts.
Capital preservation is just as important as capital appreciation.
Work hard at understanding the key factor(s) motivating the market(s) you are trading. In other words, the harder you work, the luckier you will be.
Do not allow minute-to-minute or day-to-day swings to change your conviction of where the market is going.
Set an objective for each trade you enter, and get out when you meet it. Don’t be greedy.
The news always follows the market.
There is only one side to the market, and it is not the bull side or the bear side; it is the right side.
A man must believe in himself and his judgment if he expects to make a living at this game.
Never volunteer advice and never brag about your winnings.
To buy on a rising market is a most comfortable way of buying. Buy on an upscale, sell on a downscale.
In a narrow market, there is no sense in trying to anticipate what the next big movement is going to be, up or down.
A loss never bothers me after I take it. I forget it immediately, but being wrong and not taking the loss is what does the damage to the wallet and soul.
It is profitable to study your mistakes.
Of all speculative blunders, there are few greater than selling what shows a profit and keeping what shows a loss.
Nothing is new in stocks. The game does not change and neither does human nature.
Standing aside is a position.
Never fade the fed.
Never underestimate how much time is necessary to wash out a market that is long.
Be advised that it is better to be more interested in the market’s reaction to new information than to be the piece of news itself.
Avoid sudden complete market reversals. If you decide to abandon either the long or short side of a market, wait before taking the opposite side.
"If a market moves seven consecutive days in one direction, watch for some type of correction on the seventh day." - W. D. Gann
People who buy headlines eventually end up selling newspapers.
Disregard all prognostications. In the world of money, which is a world shaped by human behavior, nobody has the foggiest notion of what will happen in the future. The successful trader bases no moves on what supposedly will happen but reacts instead to what does happen.
Worry is not a sickness but a sign of health. If you are not worried, you are not risking enough.
Except in unusual circumstances, get in the habit of taking your profits too soon. Don’t torment yourself if a trade continues winning without you. Chances are it won’t continue too long. If it does, console yourself by thinking of all the times when liquidating early preserved gains you would otherwise have lost.
A stock trader should clearly understand and always regard his risk of ruin. Traders who attempt a "career short" by taking huge positions for immediate profit are playing Russian Roulette with their capital. Always be on guard for the killer trade that can end your career as a speculator; it can turn you into a spectator instead.
When the market breaks through a weekly or monthly high, it is a buy signal. When it breaks through the previous weekly or monthly low, it is a sell signal.
Don’t form new opinions during trading hours. Decide upon a basic course of action. Don’t let intra-day ups and downs upset your game plan.
Take a trading break. A break will give you a detached view of the market and a fresh look at yourself and the way you want to trade for the next several weeks.
Assimilate into your very bones a set of trading rules that work for you.
Hope and fear are the two greatest enemies of speculation.
Keep records of your trading results.
Both VDOT and NVEI get good news but can't run against the tide...
http://biz.yahoo.com/bw/001120/il_virtual.html
http://biz.yahoo.com/bw/001120/ca_new_vis.html
MARKET REPORT
************************************
Earnings worries in the embattled tech sector strangled a mid-morning rally
of 60 points for the Nasdaq Composite Index which closed down for the
second day, and now barely above the 3,000 mark.
Two small cap indexes inched their way back into positive territory in the
final minutes of trading, with the benchmark Russell 2000 Index gaining
0.97, or 0.2%, to 482.61, while the S&P 600 added 0.76, or 0.36%, to
212.58. The Wilshire Small Cap 1750, however, ended in negative territory,
losing 5.49, or 0.7%, to 790.48.
As the session drew to a close tech stocks regained their momentum, pushing
the tech-weighted Nasdaq Composite Index back up above 3,000 but still off
4.69, or 0.15%, to 3027.19, after falling 134 points Thursday.
"The dominant story going forward will remain the deteriorating fundamental
look in technology," said Barry Hyman, chief investment strategist for
Weatherly Securities. "It isn't something that is overcome in a short
period of time."
Shares of business-to-business software-services firm Software Spectrum
Inc. (NASDAQ: SSPE) plummeted 2 7/16, or 23.9%, to 7 3/4 on volume of
54,600, after the company reported a second-quarter operating loss of 25
cents a share, reversing a profit of 44 cents for the same period a year ago.
Shares of other business software stocks fell, too, with NetIQ Corp.
(NASDAQ: NTIQ) dropping 12 7/8, or 13.1%, to 85 3/4, while Serena Software
Inc. (NASDAQ: SRNA) lost 10 1/8, or 19.5%, to 41 3/4.
Checking in on blue chip stocks, the Dow Jones Industrial Average lost
26.16, or 0.25%, to 10,629.87, while the broader S&P 500 lost 4.11, or
0.3%, to 1367.21.
Semiconductor stocks revived after a morning sell-off that saw losses at
near 3%, after yesterday's downgrade by Merrill Lynch on five big chip
stocks. The Philadelphia Semiconductor Index of large cap computer-chip
stocks was down 0.52%, or 3.51 points, to 671.54 in afternoon trading.
Hyman was especially critical of investors in Nortel Networks Corp. (NYSE:
NT), who, he said, were wrong in thinking it could supplant the likes of
Cisco Systems Inc. (NASDAQ: CSCO) and Lucent Technologies Inc. (NYSE: LU)
in the optical networking sector.
"Nortel has become a bigger disaster than either one in a short period of
time," Hyman said. "It is just outrageous that the stock should have ever
traded at 100 times price to earnings."
Nortel's woes spelled disaster for the Toronto Stock Exchange, of which
Nortel comprises 30%. Morning selling saw the TSE drop nearly 200 points,
but by market close, it cut its losses to 11.22, or 0.13%, to 8953.01,
adding to 300 points worth of losses over the past two sessions.
In other Canadian trading, The Canadian Venture Exchange continued to add
to Thursday's losses by dropping another 8.43 points, or 0.3%, to 3132.51.
Some of the market volatility could be attributed to a ruling by a Florida
judge who ruled the state doesn't have to accept the results of hand counts
currently underway in two counties.
There appeared to be a "big relief rally when they figured Bush won," noted
Brian Finnerty, managing director and market strategist at C.E. Unterberg
Towbin Co. "Now we're back down. I don't know whether it's because they
figure Gore's going to appeal or it's just back to reality in the marketplace."
Earlier Friday, the Census Bureau reported October new-home construction
rose 0.1% to an annual rate of 1.532 million, less than consensus estimate
of 1.55 million, but a hair's breadth higher than September's 1.53 million.
Investors didn't seem to place too much significance on the housing-starts
figure as futures markets moved little following its release. This number
is considered a good leading indicator of consumer spending in general.
Housing starts can predict the demand for consumer goods because new-home
buyers continue to buy household goods for several years after purchasing a
new home.
The week's fresh economic data has done little to ease investor fears.
Indeed the Fed's meeting on Wednesday actually intensified investor concern
over an overly strict monetary policy.
Yesterday, the Labor Department reported the Consumer Price Index and its
"core" rate, which excludes volatile energy and food prices, rose 0.2% in
October. Each was in line with Wall Street estimates.
In currency markets, the Canadian dollar fell 0.3% to US$0.6414 from
US$0.6434, while in late New York trading, the euro moved lower to around
US$0.8490.
In commodities news, energy futures regained some strength after edging
lower in morning trading. December crude oil futures advanced 33 cents, or
0.9%, to $35.45, after giving up 46 cents Thursday. December natural gas
added 30 cents, or 5.2%, to $6.10, and December gold lost 10 cents to $266.20.
NVEI of note:
OTC:BB stats -
Remember when NVEI stated that it's important we get off the OTC:BB and onto the NASDAQ? They essentially said, we're too expensive for most OTC investors, and by remaining an OTC stock we're not as attractive to investors (individual and institutional) who prefer non-OTC stocks.
Below is a link to some OTC:BB market/trading data that proves how rare the air is when you're an OTC stock and you trade above $1, let alone above $10 as we have in the past.
Out of 3665 OTC stocks, only 533 (15%) trade in the range of $1-10, and only 128 (3.5%) trade above $10 - $100.
So the majority of investors who invest in OTC stocks won't touch us (only 8% of the shares traded come from stocks in the $1-10 range, while only 2/10ths of one percent come from issues that trade between $10-100/share)... and the institutions can't touch us yet, for the most part. Hence the need to get off the OTC, which we all believe could come literally any day now.
Interesting, isn't it.
Bill
http://www.otcbb.com/dynamic/tradingdata/daily/Price_Level.htm
OTCBB Performance by Price Level Tuesday, November 14, 2000
Price Level Share Volume Gainers Losers Unchanged Total Issues
.00 to 0.50 229,690,800 296 2,005 387 2,688
0.51 to 1.00 16,347,300 117 122 74 313
1.01 to 10.00 20,771,000 215 218 100 533
10.01 to 100.00 767,100 65 33 30 128
100.01 to 200.00 34,000 0 1 0 1
200.01 + 33 1 1 0 2
-----------------------------------------------------------
Totals: 267,610,233 694 2,380 591 3,665
Stolen from whp03
And how bout that SBUX just keeps rocking along...
Buys I like:
CDO MOT DELL IBM
Do the DCA thing, I like IBM under 90 but under 100 will do...
Smalls:
NVEI VDOT
You guys see CYAA today...? It did 57%...
Picture of Virtual Rod from RB boards:
http://www.tech-sol.net/humor/funphoto11.htm
NVEI: still a strong buy and I like it better under 7, It was a steal under 6. Get yourself 100 shares and hold it. More if you can afford it. They've been taking it down on too little volume and bashers galore tells me this is a good bet. Potential for forward splits. This is a speculative stock invest accordingly.
I don't agree with everything in this post but there are good points made.
http://www.ragingbull.altavista.com/mboard/boards.cgi?board=NVEI&read=26690
The bashers on that board are FOS and it becomes obvious.
Been sitting on the fence with the Fcel sector might want to pick a few and hold on...get a couple big ones and a couple little ones...these are volatile stocks so DCA...
http://quote.yahoo.com/q?s=PLUG+AVA+BLDP+APWR+PCTH+FCEL+HPOW+SATC+MCEL+DCH+PRTN+SUDI.OB+MHTX.OB+EGYV.OB+HYGS+&d=v1
ECNC: may be back...made money with them before thanks to a tip from one of you looks like it can be done again...be careful...
Good ol' VDOT didn't explode because of comdex but it didn't hurt anything to be there either...my info said they were too busy with what they already had to go get swamped with more leads than they could handle...and Sinclair being there was a surprise. Good exposure. News should be coming very soon, and before the snow is gone we'll all be happy.
MARKET REPORT
************************************
Favorable economic news from Washington, a possible end in sight for the
presidential election stalemate, along with positive comments from a Wall
Street sage, and bargain hunting after yesterday's plunge, all combined to
propel U.S. stocks higher in Tuesday trading.
Small cap indexes headed higher, as the leading Russell 2000 Index advanced
10.4, or 2.2%, to 486.91, while the S&P 600 tacked on 4.1, or 2%, to
212.96. The Wilshire Small Cap 1750 added 18.82, or 2.4%, to 806.25.
It was a "relief rally and nothing more," said Dan Peris, small cap
strategist at Argus Research Corp. "If I were a small cap investor, I'd
still be on pins and needles."
Peris noted the relief rally was shaping up simply in response to the
election, or the onset of an end-of-year surge. In either case, he sees the
buoyancy favoring larger, stronger stocks rather than smaller, potentially
weaker ones.
"We're keeping our eyes on the major vendors in each of the sectors. The
smaller players are going to have a harder time getting the attention of
wary, conservative investments made from now on," he said.
Others were less cautious, including Goldman Sachs & Co. analyst Abby Cohen
who in a research note to clients was downright sanguine about stocks and
their valuations.
"Economic and profit growth are slowing to more moderate and sustainable
rates," she wrote, while noting that inflation remained "mild-mannered,"
and the likelihood of the Federal Reserve raising rates in the near term
was less likely.
Cohen, whose comments have often moved markets in the past, said stock
valuations "are the most attractive they have been all year," noting a
decline in stock prices, a lower Federal Reserve discount rate and rising
corporate profits as causes for her optimism.
Cohen did note the recent volatility in stocks, caused by the uncertainty
over November elections and rising energy prices, may affect consumer
spending habits for the next three to four months or more.
Fresh Commerce Department data before trading opened on Tuesday supported
Cohen's comments and helped launch the market upward. The government said
retail sales rose 0.1% in September, slightly ahead of analyst projections
for a flat reading.
The government also reported retail sales, excluding the volatile
automobile sector, rose 0.4% also beating analyst expectations by 0.1%.
September's figures stood pat at an increase of 0.9% and 0.7% excluding autos.
Several big U.S. retailers stepped forward with earnings reports for the
third quarter, including discounter Wal-Mart Stores Inc. (NYSE: WMT) and
home-improvement giant Home Depot Inc. (NYSE: HD).
Both retailers reported profits, but Home Depot injected a cautious note
about future earnings. Despite the news, retailers advanced smartly in
Tuesday's trading because the earnings reports weren't as disappointing as
some analysts had expected.
Today's retail-sales figures and corporate-earnings reports lent more
credence to the view that the Federal Reserve is engineering a soft landing
for the U.S. economy. However, while some analysts generally see lower
demand for consumer goods and services as a positive sign that the nation's
economy is slowing, there are those who think the brakes may have been hit
too hard.
The Federal Reserve will undoubtedly ponder these points of view Wednesday
at its regularly scheduled Federal Open Markets Committee meeting. While no
analyst expects the Fed to lower interest rates at this juncture, investors
are keen to hear what language the Fed board uses about inflation, which
some analysts have considered overly hawkish given the indications of a
slowdown.
For the session, the tech-laden Nasdaq Composite Index rose to 3138.27, up
171.55, or 5.8%, easily overtaking the 3,000 level, which it broached on
Monday for the first time in 2000. The Philadelphia Semiconductor Index of
large cap chip issues continued yesterday's late-day rally, adding another
37.18 points, or 5.7%, to 688.40.
The Dow Jones Industrial Average recovered all of Monday's losses and then
some, adding 163.81, or 1.6%, to 10,681.06. Shares of Hewlett-Packard Co.
(NYSE: HWP), which tumbled over 11% Monday on disappointing earnings,
taking the Dow industrials with it, advanced 8.4% for the day. The broader
S&P 500 added 31.66, or 2.3%, to 1382.94.
In Canadian trading, the Toronto Stock Exchange also recouped some of
Monday's losses and then some, gaining 150.20, or 1.6%, to 9265.30. The
Canadian Venture Exchange in a choppy day of trading gained 10.06 points,
or 0.3%, to 3184.08, after dropping nearly 59 points in yesterday's trading.
In currency markets, the Canadian dollar was nearly unchanged at US$0.6474
down from US$0.6475 yesterday, while in late New York trading, the euro
dropped a bit to US$0.8574.
In commodities news, December crude oil futures added 40 cents, or 1.2%, to
$34.87, while December natural gas surged 32 cents, or 5.6%, to $6.02.
December gold added 10 cents to $265.40.
This week's schedule is filled with fresh economic data from Washington.
Tomorrow, watch for September business inventories along with October
industrial production and capacity utilization. October's Consumer Price
Index premiers on Thursday, and Friday, watch for October housing starts.
RE: VDOT
http://biz.yahoo.com/bw/001109/il_virtual.html
First off were there really any longs here who thought that in an uncertain market going up 300%+ in 7 days wasn't going to be followed by a pull back? Especially when we didn't get any PR during the steep climp...
I saw a post down there by manso talking about shares in the hands of longs supporting the price, to which there seemed to be a bit of agreement.
So if you had completely botched a roll here sold at 1.60 and the got back in around 1.15 you would have added over 19,000 shares to your holdings and not spent a dime (well commissions) to do it. Thus taking that many more shares out of the float and adding it to the long colum...19K! If you timed it a little better and got a bit closer to the top and still didn't get back in till today...you get the picture...somehow this is construed as bad...
Buying and holding is good and having maximum amount of shares when this thing takes off is good too...
If you think that this run was all day traders and had nothing to do with MM's going short near the tops on Friday and Monday morning I think you are dreaming...do some DD on explosive stocks past picks and how much MONEY (not volume) flowed in after...Friday we were well over $6 million that was a lot to attribute to explosive picks, couple that with all the other days and tho' day traders had a part of it, surely they weren't the major force. IMO So who was?
Anybody read the articles about Market makers making a market? I posted some of them last year. Amex, NASDQ and NYSE don't have quite as much price or volume volatility as the OTC. The rules are different here on the OTC and you can either use this knowledge to your advantage or not...
Sinclair and a lot of you discount the MM's too much. They saw an op to make 50 cents a share and they took it...think about going to Vegas and hitting a jackpot for 200,000 half dollars...too tempting for MM's...I would make a WAG that 200K is low...
Today we get a nice PR (which everybody might want to forward to the webmaster at your ISP; Maui Net sure could use it...) and they run the price right thru the teens and into the 20's and even the low 30's...choking off volume...
Sample made-up MM senario, no basis in fact, just my wild imagination:
"So you wanna buy some VDOT huh...how bad you want it?" MM sniggers, gets on phone "Hey, you finnsih covering you shorts on VDOT?...Me either. They just put out a PR, make a few calls would ya and lets get this ask up past the point of buying tolerance...thanks..."
Unlike last time where they were trading amoung themselves to make it look like there was more volume than there was this time they are waiting to see what buys come in at limit and at market and raising the bid and ask accordingly...they aren't worried about the bid so much because they know about the outside fills they made over 1.50 and are confident people won't sell at a loss after just two days in any large numbers and if they do so what they'll scoop the shares and add them to inventory for later...
Ask goes up...buying subsides. MM to other MM later. "In this uncertain market we ought to be able to walk it back down, what do you think?"
"Sure but dont take it down too much...how are our board workers doing on RB?"
"Looks like they're selling it, got them blaming daytraders...and the company...we're pretty much off the hook."
"You'd think after all this time somebody'd figure it out..."
Pause to consider. Together: "Nahhh..."
FEPO JFSAG What do I know anyway...
Expect a miracle: although it should be obvious to all which way this is going over the next few months...
Read this carefully:
http://dailynews.yahoo.com/h/nm/20001109/bs/dell_earns_dc_2.html
Tell me how it shows tech is dead they just had their best Q EVER sold more computers than EVER before...more people will be online more chips will be needed...the computers sold this Q will be replaced over the next 2 to 3 years and Dells market over seas will grow in that time...new sales plus repeat sales...Dell under 30 is a buy...
IBM under 100 is a buy...
PCW under 10 is a buy...
VDOT under 1.80 and especially under 1.30 is a buy...
No newqs on NVEI...but bashers are hot and heavy there...I repeat the buy there...watch for either NASDQ or LU test results...if you are not in when it hits you could still take a ride up if you are quick enough...
PCBM the shorters are having their way with it...wow...
There are lots more...
VDOT and NVEI...I'm on pins and needles...
Both are buys in my book although at this point NVEI is the higher risk and speculation because there is no news...but that should change here very soon...if the bashers (read MM's) can get it under 5 watch it fly to the other extreme on news...
VDOT is pretty disgusting but like I said you can let it **** you off or you can make money on it...you guys should have a bare ass minimum of 30% more shares...after that run up and take down...
What of PCBM?
One day the King decided that he would force all his subjects to tell the truth. A gallows was erected in front of the city gates. A herald announced, "Whoever would enter the city must first answer the truth to a question which will be put to him." Nasrudin was first in line. The captain of the guard asked him, "Where are you going? Tell the truth -- the alternative is death by hanging." "I am going," said Nasrudin, "to be hanged on that gallows." "I don't believe you." "Very well, if I have told a lie, then hang me!" "But that would make it the truth!" "Exactly," said Nasrudin, "your truth."
VRTL huge pop...and if you liked it at 6 4 and change was better...
VDOT those who rolled out at 1.75 or higher don't look so foolish anymore...I know a guy who pulled the trigger at 1.65...gee now you can get those shares for 1.24 or so...and a few predict a buck...however the writting is on the wall...VDOT is going to be huge...
Still no news for NVEI...should be over the next 3 days...if not this month then it was a bad call on my part...
7 days of gains on VDOT. Quite a nice run. Finally got the pullback everyone was expecting but not before they drove it up all the way to 1.99. When it gapped and kept moving this was clue one when it did not pause in the high 70's and low 80's that was clue two...when it began to break into the 90's on light volume that was clue three...
Some of you pulled the trigger a little early, so what? Can you buy it back for less than you sold it for?
I can see it going either way on election day VDOT not the electiomn...if there is indeed news it will move up more if not may churn sideways for a few more days before it surges higher...if history is any indication the next wave will be bigger and the price will go higher...strong buy up to 1.80 after that look for ops to roll...or buy at an increasing risk ST but if you are going to hold LT buys over 1.80 will turn profitable...I just think it was better to get it at .70 than 1.70...especially since you had all the chance in the world...
Interesting....thanks. EOM
Those trades that got posted after the bell are settles from a heavy trading day that didn't get posted during the day. On a day where there were 3 mil+ shares traded and hundreds of trades a couple trades will get posted late while the MM are settling the days action...I'm talking about VDOT here but it happens with lots of stocks on heavy trading days...
Gee, I keep getting email from the NVEI believers...we'll see...same with PCBM...
Lot's of people are sure PCBM is going to rocket here soon. I have no position in that one still...I like VDOT and NVEI better but like I said if you are the super high risk taker type $1000 in PCBM could pay off handsomely...or not...the way I look at it the chances of them making back to .15 are high so there's an easy double of course people are predicting much higher numbers than that...if VDOT really moves up here in the NT maybe I'll take my own advice and put a grand in...but for now I'm just watching...
VDOT on the other hand I have been watching and DDing since I botched the NASDQ timing. The company is sound. The CEO is solid. TAME classes have been consistantly full. Many people find it hard to believe that it went all the way down to where it was...a lot of people whose opinion I respect and who do good DD all said about the same thing "our DD can't be this far wrong." So look at VDOT as a heck of an op to make money.
That was a hell of a buy under a buck...for the second time. I sure hope you all averaged down if you could afford to do so. The wild ride continues with that one...but for now it's up...a welcome change...but remember even the strongest ones don't go straight up all the way. The Bounce around pull back fill in climb higher especially with the OTC. Over on the other boards for VDOT it's a emotional roller coaster as well. It goes back up to a buck and change and suddenly everybody is a prophet and big numbers are being bandied about.
I had somebody write me ask if they should mortgage their house. To which I replied only if you can afford to lose it. VDOT is and OTC. It looks like a sure bet but it's an OTC...I wouldn't bet my house on an OTC. With VDOT my car maybe...anyhow I say it again: Strong buy up to 1.80.
You should have it lower than that because you have had ample op to average down under a buck.
Let's say you put $10K at 5 bucks picked up 2K shares and then watched that investment drop all the way down to the .high .50's. You put $10K the same DOLLAR amount into it again...you now get 18666 shares...for an average of 1.07...even if you waited (or missed depending) and got in in the .80's your average dollar cost would be 1.38...it should have been pretty clear despite what the bashers said it wasn't going to a dime and under a buck it was a buy.
(Not to mention I posted emailed and told people about a thousand times that it was a super strong buy under a buck and if you got in on the way down this was the time to average down.)
This is called dollar cost averaging. Not share cost averaging, dollar cost averaging. DCA you see me use the term often. With DCA the fluctuations are your friend...
Now it's on it's way back up. The strong buy ends at 1.80.
After that it goes to buy. You should be in under that by now no excuses. I don't want a single email or or post here whining like a wheenie about how lucky I am to be in at such a low average or how you got it at 8 and lost money because you panicked on a dip and sold...or how you decided it was a buy after it puched thru 5 bucks again.
Buy the dip sell the rally. Now the question has come up when is it not a buy any more and when to sell. Your call. I am waiting for 10 as most of you well know. At that point I plan to take out my initial invest ment plus 100% and ride the rest.
On the way to $10 hopefully we get a few good rolls. The amount of shares I plan to ride is 50K (or more depending) on how the rolls go. Bare in mind those will be free shares and VDOT will have actually paid me to own them. I got to this point once before and then blew it. It will not happen again. (I had 50K shares and had cashed out just over $100K) but I started buying again way too high...
Now , after ten could it do the wild thing and go to 100? I still say yes. Charting will be of much more use by then an on that ride there will be great ops for rolling and depending on news more buying...but that's a long way off and it's getting ahead of ourselves.
Playing this ride from here to ten over the next 4 months or so (or however long it takes) can make you wealthy...you've been give a second chance try not to blow it...(that goes for me too...)
For those of you unhappy with VDOT's paltry gains:
http://quote.yahoo.com/q?s=BPMI+SNIC+GIGX+GPM+PDII&d=v1
VDOT will keep running can't say the same for all of these...
Remember they pull back on the way up...selling at .73 and buying back at 1.60 was doable today...thought about it because it was up to 1.75 so fast on so little volume...that would have been about $7,500.00 but there are two big ifs...if could have filled a large lot all or none at .71 or higher and if could have got back in at 1.60...chose to wait it out there will be more exagerated moves here shortly as MM's play their MM games...
Volume is the key...it tells the story and seldom lies although that can be manipulated too...
Haven't had this much volume since March...2nd...
Punched thru the 10 day 20 day 50 day 70 day and 100 day ema one after another...
We are way outside the BBands...bounced (hit our head) on the 50 day bolinger band...I use the 20 myself and VDOT may break the rules here because it doesn't stay outside the 20 day upper band for more than a few sessions USUALLY...this time may be different because today's volume was strong and MACD just went positive...stochastics also say we could keep going a little more...
To sustain this we need some sellers and some news...both of which I expect next week.
If you practice 10 25 36 50 this was an easy 50...I think NVEI will be too...but if no news soon I'm out...
VDOT is up so much so fast it's a hard call if you want S/T profits of 25 you can most likely get that next week...and I expect some pull backs and intraday maddness from those scurvey MM's so if you want to make some money or learn the ropes this is a good case study...if nothing else practice your skills on paper...
I did today and I would have been right...although this makes you no money it gives you experience which leads to money...ask yourself hard questions:
Could I have filled in and out or out and back in...
What made you try to roll or think you could/should buy/sell...can you identify those conditions again with another stock?
If you were correct why? If you bungled it why? DD over the next 2 years and practice and you will be rich...most can't do it...this is the season till March to make your most bang from your buck...
Happy trading...
My hot watch list contains 12 stocks...3 of them popped at the same time: IFTP VDOT and GTMI...I think vdot will keep running...expect pullbacks and MM BS but the trend looks to be up especially if they continue with news...
NVEI nothing...they are officially tardy in my book...