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HA! The first link was not correct, but the second - he was remarking on the "post number". A pair of my lucky numbers.
Hopefully once we hit 16969 here, my new techniques will have provided some handsome rewards!
Cheerios!
B
Hmmmm.. yummy! (LOL!)
Yes now I see it! Well my license plate is "569" -- (5x69?) I suppose two days of rest is good for the average person.. chuckle!
Remember we should chat and chuckle. Looking at charts and numbers all day - need to blow off a little steam now and again.
B.
(Blow off -- pun intended!)
Thanks Chary!!
Ex-squeeze me? What part are you thinking of?
(No holding in BGO)
Thanks otherwise!
B.
Thanks for being so frank, Frank!
Much appreciated!
On the side, an interesting article in Business Week last week (no not the fiasco at HP) - how Chinese companies are rolling into Germany not only setting up shipping companies, but actually taking out big name manufacturers - aiming to get the patents and knowledge.
The Chinese Are Coming...To Germany
B.
(GRUB: 696.. I hope for sure it is me as "9" in the middle of that one!!)
It's all love! AQI v. IMR
Well it is my birthday today (yes --- made for loovvveeee!)
That alone isn't note worthy.. but there was a funny comment in this news release.. and since I still own AQI...
IMA offers money to settle silver find dispute
Mon Feb 14, 2005 04:04 PM ET
VANCOUVER, British Columbia, Feb 14 (Reuters) - IMA Exploration Inc. (IMR.V: Quote, Profile, Research) , which is fighting off a legal challenge from Aquiline Resources Inc. (AQI.V: Quote, Profile, Research) over rights to a potentially huge silver discovery, offered the small Canadian mining explorer C$100,000 ($81,300) on Monday to settle the dispute.
But Toronto-based Aquiline, which accuses IMA of unlawfully using confidential information that Aquiline owned to identify and buy the Navidad project in Argentina, immediately slapped down the offer.
"I think Mr Grosso has his holidays mixed up. He must have thought it was April Fools' Day, not Valentine's Day," said Marc Henderson, Aquiline's president and chief executive, referring to IMA president and CEO Joseph Grosso.
"We're fighting about an asset that might be worth a billion dollars," Henderson told Reuters.
Vancouver-based IMA denies Aquiline's charges and Grosso said the money was offered to settle the "frivolous lawsuit", which he said was slowing the firm's development of the deposit in Argentina's Chubut province.
"We have offered Aquiline a nuisance value sum to put this nonsense behind us," Grosso said in a statement.
"There is absolutely nothing to the claim. If this ever gets to court, we are confident it will be thrown out," he said, adding that IMA owed it to shareholders to focus on the project and not on legal fees to fight "opportunistic" lawsuits.
IMA announced the Navidad silver discovery in March 2003. IMA has defined an indicated resource of 268 million ounces of silver and 1.1 million tonnes of lead, at a cut-off of 50 grams per tonne of silver. IMA says that makes it one of the world's largest silver deposits.
($1=$1.23 Canadian)
Chuckle..
B
With Mozilla (Netscape yadda yadda) - the page came up with numbers but no logos. However, when I opened with (BillsMostExcellentViralExploiter) Internet Explorer, they came up ok.
B.
(PS: How can you people vote for something as dark as #9.. jeez.. 97-102.. those are really nice.. a happy feeling of some far off place I want to be in years to come after making a mint on the market...) 102 was my vote!
FCO: Uranium "Noise" continues...
Formation Capital Corporation: Significant Uranium Drill Intersections Discovered on the Virgin River Project
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Feb. 7, 2005) - Formation Capital Corporation (Formation) (TSX:FCO - News; the "Company"), further to its news release dated January 18, 2005, is pleased to announce results reported to it by project operator, Cameco, from its Virgin River uranium project located within the south-central portion of the Athabasca Basin in northern Saskatchewan. The project is a joint venture formed in 1998 between Formation Capital Corporation's wholly owned Canadian subsidiary, Coronation Mines Ltd. and UEM, jointly owned 50% by Cameco Corporation and 50% by Areva subsidiary Cogema Resources Inc. Coronation Mines Ltd. owns 2% of the project with the right to acquire up to 10% of the project under certain circumstances and is carried on the project through to $10 million worth of exploration and development. Approximately $4.5 million has been spent on the project to date.
The 2004 exploration program on the Virgin River project included two diamond drill holes (DDH's VR-17 and VR-18) totaling 1,819 metres and drill core lithogeochemistry, drill core reflectance spectroscopy, drill core physical property testing and drill core petrographic studies. The uranium intersections obtained in DDH VR-18 are the most significant ever encountered along the entire Dufferin / Virgin River Trend in more than 25 years of exploration according to Cameco.
Encouraging results were obtained in the second drill hole of the program, DDH VR-18. This drill hole was completed to test a prominent electromagnetic anomaly in the footwall of the Dufferin Lake fault and encountered three separate zones of uranium mineralization. Two of the three mineralized zones are hosted by the Athabasca Group from 709.4 to 711.2 m (0.28% U3O8 over 1.2 m from 710.5-711.7 m) and from 752.1 to 761.0 m (1.00% U3O8 over 10.8 m from 752.0-762.8 m). Most importantly this hole also intersected a zone of high grade "unconformity-hosted" mineralization in a third interval, which occurs in close proximity to the Athabasca Group Virgin River Domain unconformity at 791.1 m. Assays from this lowermost intersection include 5.83% U3O8 over 6.4 m from 789.1 to 795.5 m with 13.86% U3O8 over 2.5 m from 792.0 to 794.5 m. Check assays on the high-grade mineralization, using the delayed neutron activation (DNC) method, returned slightly higher grades than the inductively coupled plasma (ICP) method. The DNC assay results were 6.49% U3O8 over 5.9 m from 789.6 to 795.5 m which includes 14.29% U3O8 over 2.5 m from 792.0 to 794.5 m.
.... holes continued...
http://biz.yahoo.com/ccn/050207/e230ac6946a048bb4ab0906228bef71f_1.html
A little more noise to get it to $0.70 would be nice for even stevens.. but a mere $1.00 would be music to my ears.
B.
Off Topic: The Internet is shit
I happened to enter "shit" into Google and "I'm Feeling Lucky" and this site came up.
True true!
The Internet is Shit
Enjoyed the Wi-Fi + Google = GOD theory.
I agree mostly - after the computer, the internet is the second biggest waste of time.
blake
Year of the Rooster..
Found this out today, and that is my sign - yup, old Sexy's one big COCK.
Feng shui forecast offers market predictions for Year of Rooster
By Tara Joseph, Reuters / February 1, 2005
HONG KONG -- Will the Year of the Rooster be anything to crow about?
Not immediately, say financial analysts and soothsayers. The Rooster can jump but it cannot fly, so the first half of the Chinese lunar new year will be difficult for financial markets. But conditions should improve in the second half.
"Prepare for a roller coaster ride in the first half," said Chris Zee, the CLSA analyst who compiled the firm's annual tongue-in-cheek outlook.
Despite its non-scientific approach in making market predictions, CLSA says it has had uncanny success in predicting Hong Kong market patterns in more than a decade of compiling the Feng Shui Index.
Zee consulted both Feng Shui masters and his own in-house economists and reported that the year of the Rooster, which begins on Feb. 9, will be shaped by the forces of fire, gold and earth.
Fire will dominate in the first half, which signifies a more challenging start but may help telecoms, technology and utilities shares, the report found.
Gold and earth, however, should bring greater prosperity in the second half of the year. Both are good for finance and property stocks, which are two key Hong Kong sectors.
Last year, CLSA accurately forecast that Hong Kong's economic fortunes would swing higher with the 2004 Chinese Year of the Monkey and predicted the beginning of a multi-year bull market for Hong Kong.
This year, the investment house sees Hong Kong property prices rising by 25 percent, the U.S. dollar continuing its downward spiral, and the city's economy growing by 6 percent as big-spending mainland Chinese tourists propel the retail sector.
CLSA said the scheduled opening of Hong Kong Disneyland in the autumn would also boost the fortunes of Hong Kong.
It recommends investors buy large property developers Sun Hung Kai Properties, Henderson Land Development Co. Ltd. and Cheung Kong (Holdings) Ltd..
It also favours retailers, such as cosmetics seller Sa Sa International Holdings Ltd. and clothing brand Esprit Holdings Ltd..
NO NEW YEAR RALLY
Hong Kong and Taiwan stocks typically rally in the few days leading up to and the few days after the Chinese New Year.
Hong Kong's benchmark Hang Seng Index rose nearly 6 percent in January 2004 with Chinese New Year falling in the latter half of the month, while Taiwan's TAIEX advanced more than 8 percent last January.
But analysts say the traditional new year rally is likely to fade in coming years, with local markets more tied to international trading patterns and large international funds oblivious to local customs.
"A bull run is kind of difficult to envision. The U.S. is going to raise rates, money is flowing out of Hong Kong and there is a weak Hong Kong government," said Alfred Chan, chief dealer at Cheer Pearl Investment Ltd.
In Taiwan the so called "red envelope" rally, named for the packets of money presented by older family members and bosses, has also failed to transpire so far this year.
Traders said profit concerns have outweighed the tradition of trying to increase luck by buying stock for the year ahead.
"We are still concerned about quarterly earnings reports, so after the Lunar New Year to until the end of April, the market will remain range-bound," said Tao Chih-wei, deputy manager of the institutional investor division at Fubon Securities in Taipei.
But if investors trust Feng Shui signals, they should keep their money in eastern markets: The "fortune breeze" has changed course from West to East, according to CLSA, with luck pointing further toward China than the U.S. over the next 20 years. (Additional reporting by Baker Li)
Blake
Well from what I have read (read=I am square!) the only problem is when you have such an automatic adjusting stop the stock may go up an average of a few bucks every few days - then out of no where it will jump say $5. That isn't necessarily a focal point to sell - it may come back a few bucks then continue upward at the same pace as before. Or it may have topped and start its decent.
Just that you may want to give it a little more room and "breathe" instead of instantly cashing out (why sell out the winners?) The trailing stop would not account for this obviously and sell the stock when you didn't want it to.
The problem with automatic stuff (trailing stops) - I can see it like the non-trending stuff you own - you lose focus and "forget" about it.
The true answer - to review your investments; your prospects and the world on the whole - nightly. That includes reviewing your stops -- day in - day out.
The above problem is exactly what happened when I was using MedVed's QuoteTracker - it kept triggering and sending me messages - at times too many. Because I wasn't updating the alerts.
Just a wee bit too automatic if you get my bit. (And something I most definitely should avoid).
B.
I have worried my hair away with woulda coulda shouldas. I want to get a handle on how best to trade at various price levels.
As mentioned before, I am starting out with the ones above $10 at first. Another segment might be $4-10 and another under $4. (etc etc and whatever).
I will buy a $10 stock because it is starting to move up - the trend is UP. Down or sideways - get out. Definite stops.
But that ain't necessarily gonna fly with a $0.30 stock. I would tend to read more about those stocks (most likely a miner) and then based on the future drilling and promotion, buy to accumulate for the hopeful pop - learn from and sell into that. The % where I may sell a $10 would definitely have to increase for a penny - where the volatility is far greater. Go into it knowing that I most likely will risk losing a % share of that - far greater than over $10.
Everyone will have their own method - just have to find mine.
My patterns of success are spotty - but I have done very well with higher priced stocks. (DOT BOMBS aside). I rode Republic Waste early on in my shitty career from a few levels -- and that one from memory was mostly on the TREND and rise in volume. Made good money on L (no real good reason to sell - or if I did I should've bot back), even RRI ($4-10) was a good one-in the end. Lately SU was a pretty good too. Just need more of that stuff plus the stops.
Of course one of the most important lines was:
You can't win em all.
... farthest thing from my mind.
Now I just have to make like Tuco... and SHOOT!
B
FP: So WTF didn't you tell me that a year ago???????
A man of few words.
I know that is your recurring theme. But of course I have to get there my own way. Those books are not sleepers for me but quite the opposite - open my mind and I am thinking a lot differently than before. The sleepers for me are some of the articles on the economics that are posted here (but yes it is the stuff like that I have to get into a regular routine to wade through)
Sort of like working on with my dad while changing my brakes. The first time he did it and I watched - then I started to get my hands dirty. And last time, save for a couple of comments, I was was able to them without him getting dirty - in about 45 minutes. (not like I am changing them every year). Basics now include changing the oil; sparks; coolant (have to with Ford); battery and brakes. Though the back discs are bitches!
I am becoming less and less interested in "stocks" for their fundamentals/stories etc and more and more convinced that the technicals are what I should be primarily focusing on. (that doesn't mean complete abandonment of the fundamentals - but a stock can have great funamentals and still the trend is down the toilet) (YES! Trend; Strength of Trend; Volatility).
One other book I was listening to - how newspapers/magazines only publish what is already happening. They don't want to write about forecasts which could be wrong and make them look bad. Hence when the cover shows a bunch of tools in suits - during the height of the DOT BOMBS. When the price of OIL is the first lie on CBS News by Rather, then we may be at a top!
Just have to disconnect that stuff from my brain - and bail out a lot sooner.
(Last week - it snowed here the night before - the next day I questioning whether to go in - since the streets weren't cleared totally - I figured the traffic would be brutal. My next door neighbor's minivan was in the driveway - no idea to this day why - but my guess (knowing that she works farther than me in one of the worse places to get to) - was that she stayed home because she thought the same thing. So I immediately took that as a CONTRARIAN indicator - and went to work. Sure enough, very little traffic - and I got to work without slow downs).
And that is part of the thinking that I am doing now. Your words aren't wasted on me. I have been brainwashed on the stories of the stocks and have ignored all the signs to sell (CPST is yet another one). Repeat: Old me would have bought Apple recently because of the wonderful news and new highs; New me looks elsewhere to undervalued stuff.
I have a feeling now that I haven't had since going to Vegas after watching the videos. When the guy said "avoid the 8/5 video poker machines and go for the 9/6's". As soon as I got there - sure enough most places have 8/5's - with the odd 9/6 - and instantly I was playing those. Or he said "when playing the progressives - DUH - PLAY THE ONES WITH THE MOST MONEY IN THE POT!". I tend to not play those in general, but with my eyes open - sure enough - of the 6 or so people playing - half were on the machines with the lower of the two payouts.
My eyes are now open (finally!)
Thanks for the tips and various readings-Cheers!
Blake
PS: Technical Analysis of Stock Trends (Magee/Edwards) - Some good meat in there - they Start off with the Dow Theory then move into the classic Head&Shoulder followed by other patterns. I am interested in the thought process than just remembering a bunch of patterns (connection of price and volume etc). Anyways, will copy it once my number is pulled at the library.
[EDIT] This is my 699th post. For all the 69 grubs I have had, I sure hope that last 9 is a woman!)
Question for you Zolt.
Normally I would probably PM you - but I am not a member here and don't want to wait for Happy Hour - and I am not sure if you are a member on SI. Blah Blah Blah.
Anyways, your TD Waterhouse account - it is a President's Account? You mentioned some extra features - does it allow any fancy stops? ie Trailing Stops? From what I am seeing it does not. But I have been told BMO does. I wanted to know before I emailed them with a jab about inferior BMO.
Merci!
Blake O de Sexton
Weekend OT Link: InfoSync..
Here is a great site that constantly updates you on the latest electronic gadgets - previews - reviews. You can subscribe to regular emails.
http://www.infosyncworld.com
Cheers!
Blake
Thanks for the info.
I have heard about IBD for years - but never subscribed. I happened to be in the public library one day (in some parts it is called Chapters) and this book "24 Essential Lessons for Investment Success.." caught my eye. So I flipped through it - there was a section on "19 mistakes investors make" - and the book had be saying yes.. yes! YES!!! (Perhaps more of a YES than any Hustler or Club ever did!)
So I ended up picking up his book - How to make money in stocks (William O'Neil). Very good with dos and don'ts. He created a system called CANSLIM. His stock pattern of choice is the classic cup and handle. The only negative with the book was the advertising of his site/subscription. Granted he has developed an excellent site catered to the investment community. I thought it was a good read.
Next up was Van Tharp's - Trade your way to Financial Freedom -- with snazzy stuff like "Searching for the holy grail" on the cover. The title and phrase are not to be taken lightly. For half the book his stance is on "what do you want to trade? do you have a plan?" - making you think. Then later he talks about position sizing and a few systems along with risk management. His real theme is - you will find the holy grail - except it isn't by adopting others systems - but by developing a system of your own. Great focus. His other problem with a lot of books - they merely discuss 'entry' systems but they lack proper 'exit' strategies. This is what he felt about O'Neil's - just another entry system.
Followed that with Alexander Elder's "Come into my Trading Room". Similar book to Tharp - but instead of "you could do this or you could do that", Alex shows you some of the systems he has used. I am starting to make use of some of the things he discussed (as per my AAPL/PFE weeklies). Excellent book. The risk management is very good - something I desperately need - he uses a 2%/6% formula to manage how much to invest in each stock. Plus he offered some good ideas on starting out - actually it something he mentioned to a trader who was stuck in a rut - to reduce the shares purchased down to 100 - do well at trading that amount then increase to 200 (ignore the low profits and high costs; it allows you to develop a good system without the risk; better than paper trading).
Both Elder & Tharp mention each other's books. Although I prefer Elder - both were a great read and I will be rereading both cover to cover. The order of reading was just right - O'Neil - Tharp - Elder - with re-enforcement of concepts and ideas.
From reading the last two books - and dabbling in a few others (mostly on charting), I am now in my "planning" phase - outlining what I want to trade; the methods I want to start with (selection; charting etc); and putting together a routine. It is a start. I will be avoiding thinly traded stocks and not investing in stocks under $10-15. I want to start using stops - develop routines - be more comfortable on my entries and work on my exits. At the same time devote more time then add in an online subscription - perhaps IBD. Going at it in various directions - but having a plan - being organized.
The loosey - goosey methods of the past have to go - they don't work for me. Playing the pennies - fun - and yes sometimes with much success, just aren't my bag. Perhaps after I start doing better, I can plan to play some of those too - but not yet.
But - I am starting to look at the market differently than I have ever before, and really enjoying it.
Lots of work ahead!
Thanks for the info and books!
Blake
BTW: I assume you have already translated.
But for those with Hit & Run mentality (I just love the Geico commercial when the guy runs into the fake deer)
Apply:
http://forexzen.ru/library.php?cat=1
At:
http://babelfish.altavista.com/babelfish/tr
Russian to English
From there everything is translated. Including further links.
That S&C stuff is HUGE!! Thanks a lot!
Ich liebe Geschlecht! (<<-- Of course you all knew this though..)
Blake
BTW: I assume you have already translated.
But for those with Hit & Run mentality (I just love the Geico commercial when the guy runs into the fake deer)
Apply:
http://forexzen.ru/library.php?cat=1
At:
http://babelfish.altavista.com/babelfish/tr
Russian to English
From there everything is translated.
Ich liebe Geschlecht!
Blake
To be honest - again the stories of AAPL are noise - and if you read a related story (Yahoo's news involved Apple)
"Revenue and operating income slumped at Sony (SNE:NYSE ADR - commentary - research) in its fiscal third quarter, as sagging sales of its PlayStation 2 and other electronics products weighed on results. But the electronics giant posted an improved bottom line, thanks to an accounting change."
.. and that matters to Apple.
But more important - as I have been reading and totally agree. I really don't want to sit there and have to "decide" - is it a buy - will it go higher - is there resistance .. blah blah. As I have read the guy puts the chart on the wall -- walks to the other end of the office - and if he can see the trend from way back there clearly, then he enters. Not sitting there scratching his head. And for me the news and profits are ok to know, but for me - they have been the cause of my screwups.
Now here might be a screaming buy.. today? this week? next week?
- MACD histogram going up since July (each dip less and less)
- Price Below EMA
- Heading in direction to hug the lower band
-- again weekly -- just an observation -- still learning and reviewing. Greener than Granny Smiths..
But of AAPL or PFE - PPFE is a screaming buy whereas AAPL is overbought.
And YES lots and lots and lots and lots of NOISE about PFE and all the drug makers. Noise.
Blake
I like the visuals of the candlesticks but I am not so sure on the analysis (ie comfortable to combine their signs along with all the others - but I will agree that the DOJI is something to mind).
Now you were referring to the weekly I am sure, the 2nd week of January? (long shadows either side) or the 3rd week? There are a lot of ones going back that have the horizontal line lower. Not sure if those had a slightly different DOJI name.
Thanks for the Excel info (good to have multiple sources available). MSN's version of downloading sectors (more elaborate than Yahoo) seems to easier to grab than Yahoo. (again Yahoo at least shares Reuters where I can also grab the CAN stocks).
(and to think we are looking at AAPL for Roni's friend..)
Cheers!
B
HA! Too much. A few swear words and a chuckle later. Thanks a bunch. I have a few of my own but one of them I think is in the 11MB department - not on a foreign server.
Don't happen to have seen anything such as "Pillsbury Bake-Off" or "Death by Chocolate" I suppose?
But seriously - one I am interestd in is Welles Wilder's book on Technical Analysis.
Cheers
Blake
Good question.
I would be interested to know what your version of ALL TIME closing high is. Are you asking about a stock that your friend owns or yourself? If I guess your friend, then you may be asking about AAPL.
I had asked Chip at Stockcharts about showing data going back beyond 3 years in a SCAN. He mentioned the chart can (if you pay the premium) but the scans I think were restricted to 3 years maximum. He questioned why I cared.
Interesting because, for example, seeing as most Canucks (Daves too maybe??) own Nortel - from way up high, it is important to know when it started its downturn and you can also see the plateaus. IMO - those are areas of heavy resistance. I tend to think most Canucks still own the shares and are waiting until it magically gets back up there.
When I checked AAPL on Yahoo, lo-and-behold - (why I ask) - March 22, 2000 is the LAST high I can find - without going beyond 1997 - closed at 72.10. Today of course it surpassed that.
I can't offer you help - except looking at the weeklies -
- coming down from the top of the bollingerband.
- far out of whack wrt the EMA
- MACD Histogram has declined - yet the stock has risen slightly since then
- the MACD solid line (fast?) may cross the blue - (that is a sell indicator)
The new me - the last good buy would have been in August.
Anyways - just observations - and I am still going through my work.. just thought I would throw that out.
Blake
Thanks!! LOL! I wondered when I asked the question!
I'm Coo Coo for Cocoa Puffs!!!
Blake
AAPL: Noise // Multi-Media Center.. ahhhh
They started out producing 100k a month, and the word is they are ramping up production to meet demand - the wait for people ordering today is about a month. The Portland Apple store had 40 on Saturday and they were gone before noon on Sunday.
The last comment is of no surprise. People lining up to watch the next episode of Star Wars or Back to the Future. People waiting in line to be the first to buy the newest PS2 or XBOX or Halo 2. The gotta have it car - new re-designed VW BUG. And on and on it goes.
That stuff doesn't affect me. Just noise.
But what is insane - I go to my local WMT and see ONE box of CD/DVD paper sleeves left. I ask the guy "where are they all?" He said "we got them a week ago - only 5 on a plastic strip - that is all they sent us". So now not only do I have to look, but my father is also on the hunt. But thats another story.
As far as MEDIA CENTER goes.
I have Ted's Most Excellent Digital Cable Service - (now my Internet is 10% more than I thought since they just "decided" to remove VIP discounts without telling anyone) - I have a PVR unit. It is "OK" - as most things go - good things and bad. Sometimes I scratch my head, and ask "I guess the lead developer of this thing never watches TV".
Anyways, I am pretty much convinced that my vision for the future will put a PC in every room. Each PC (no monitor; typical 120GB-160GB drive; networked; DVD-ROM) will have at least ONE TV tuner card - of which I will attach to the TV. The Tuner will have the ability to "PAUSE LIVE TV" and also "WATCH RECORDED SHOWS". Further, being networked - be able to grab shows from ANY of the units throughout the house. Plus if not watching TV, I can schedule to record.
All these bloody codecs out there - what a bloody utter waste of time. D/L something that is XVID. For my dad to play on his Phillips DivX DVD Player, I have to spend 2hours/700MB (either an average quality or 2x700 for a good quality movie) - so that is like 4 hours to convert a movie (thats on a P4-2.8!!!). I am thinking, for me it might just be as good reversing back to DVD - at least I can use a standard DVD Player.
But if I follow through with my vision - a NEW codec appears I can just install on all the PCs and through the same Tuner software just watch the movie. Plus they will play music - that is online on the servers (only 700GB now).
Some TVs will have DUAL Tuners - and Remote "blasters" -- From the TV-PC setup, I will use a TV guide of my choice (there are many including open source already) - and select what I want. The PC then will "turn on and tune to" the proper channel on one of the two Digital boxes - via the Remote Blaster gear.
By choosing my own gear - I control the quality - if I can "buy" the digital boxes (from cable or satellite) I don't have to bother with the higher priced PVRs - to buy or rent them.
Close now - I have the ATI Tuner - it does "PAUSE LIVE TV" but forever I will suffer with Poor quality drivers from ATI. I know there are other solutions.
HP is selling something like this today - much more fancy and purdy - like $2000 or something. Joke.
Today all these needs to be built - some of the parts are there already and I have seen them - others to be researched - don't think anyone sells exactly what I want. There are devices like Prismiq that serve up media from your servers - but alas codec issues and that gets you to one TV only. Then I need to invest in remote extenders.
I agree with the small footprint totally. I was researching that before buying my existing system - was still too early though (MB has to fit the small form factor -- radically reduces the MB selection).
Also nowadays with Linux - the tuner cards run under them - so you eliminate the $50-150 for the OS.
One day... why can't I?
B.
(And the little Japanese girls go "tee hee hee"... as they put on their iPOD sock)
Hello Kitty!!!!
I must be going insane!....
Thanks for the info.
One additional issue you brought up:
Now I think we are seeing a move into the low and mid-range of the market to increase market share and to drive sales of software and services - without (my hypothesis) sacrificing much in hardware margins.
So in theory Tight-Wad-Blake now can afford these things. They aren't way up in the stratosphere as they use to be.
That is a funny comment - not what you make but what seems to be happening. They have NEVER in my memory ever tried to move into low and mid-range. What - it took like 25 years to finally get the bit?.
My personal take on Apple all these years - would be a dichotomy.
1) They are innovators; inventors. Moving forward....... They are the "I don't know what I want - but I am sure Apple will come up with something that is new and different" (hence their Think Different tag)
while on the otherhand...
2) They seem to move slow once they have a good thing instead of constantly improving. They seem to want to soak and saturate the market with the same stuff instead of churning out new and better. (1 color of iMAC to 5 colors of iMac to me isn't something that I would consider "new and exciting")
(Love them or hate them - Microsoft has done #1 time and time again - XP Pro so far is right in so many areas)
One case in point (of the many): A decade or two ago they came out with Apple //e then the Apple //c. Next on the landscape (and final) was the Apple IIGS. Souped up with better graphics and sound. I said "so what". By then the IBM was already making serious moves. That was around 1988. I ended up moving to PCs in 1990. Apple's move on "Sony style hoarding" (ie NO CLONES) was the final nail IMO.
My small point is - they had a good thing with iPOD - each new one seemed to add a larger drive. Now we have minis. But again I was hoping to see "now with FM tuner".
(Not to go off tangent - and lets not continue this - to me there may be "collusion" or "agreements out in the open" - that Belkin makes the FM tuner and Apple can't/won't include that).
Honestly, from the latest offerings - yes the MINI PCS - that is good very good. But the memory stick player - I seriously say HO HUM - BIG DEAL. As if no one has that now.
Just a passive observation. They are sort of a cross between "getting to the moon" and "trying to stop the Queen Mary II" with a single small tug. When I step back and look - and really look - year in and year out - too many ups and downs in their business model. My opinion anyways.
Now Steve Jobs - great guy - love Pixar movies. That is all we buy (and Dreamworks). No old-sk00l Disney for us. Here is the difference. Watch the evolution --- Toy Story -- then Monsters with "each hair moving" - to Finding Leonard Nimoy. To compare them to Apple - if Apple were making the movies, Incredibles would look no different than Toy Story.
Jerry Seinfeld was on Oprah - when asked about leaving - "why then" - his comment was - he was able to guage - over the years, when it was the perfect time to end his comedy routine on stage. Not too little - and not too much. His decision to leave the show was similar. (Actually though he said that - I think they went 1-1/2 season's too long).
Over the years Apple has consistently gone "too long".
EDIT: In all fairness, however, due to cash problems and trying to gain market share after being trounced all over the place - perhaps that is the best Apple could do. Perhaps now the turn has been made. Hell, Intel to this day has NEVER been able to put away AMD. Akin to Apple v. Dell. That being said - I give them some leeway --- but still have my overall opinions.
Anyways, great discussion!
Blake..
(GRUB: 96 I suppose the wife and I aren't talking tonight... let alone.. yadda yadda.. sex.. )
Oh.. well that is good you have a stop. I ain't gonna deal with the tightness since that is your show.
One of my issues is the buying and buying while the stock is going up - you just get killed on the downturn since your cost base has risen sharply. Esp when there is such a spike upward in price (not like gradual and buying over time).
I don't think I can do a trailing stop with my online broker. I just heard about that kind of stop last week.
Cheers again!
B
AAPL: Happened to see a show again with someone talking about them.
One bug-a-boo I have had is the "lack of FM" in my opinion. I can go to the dollar store first thing tomorrow and pick up an FM tuner on the cheap. Yet iPOD has yet to have one - and they had the opportunity to add it - both in later updated models and in the mini. Yet I am stuck to fork out $70 to buy a Belkin add-on? DUH!
Little things like that tick tick tick in my brain. Like the price of the memory upgrade from 512MB to 2GB was around $1600 when my WHOLE Intel PC with 2GB (mind you no drives; no monitor and yes "MicroBillsoft XP Pro") was $1700.
Anyways, the guy that was on TV had two problem points:
a) that the competition is coming and will be fierce (we know that but..) - Creative is one of the most promising. Not as flashy or "cool" - but "cool" enough. And it comes with "FM" tuner as he made sure to mention (it must stick in the craw of many). Yes people are still buying iPODS - but when the cheaper ones come out - people will prefer to spend less money on the other versions even if they are not "as cool" as iPOD.
b) I am not in the know - since I don't pay for music - but apparently iTunes is in AAC format? His point was - people are going to spend a $1000 dollars to build a library on something that appears to be proprietary - that is serious coin and should give pause for thought.
ie building a library on BETA or VHS. Image a world with 3 different DVD formats - shit it is hard enough trying to build a library of Widescreen when WMT has only Fullscreen left -- while hearing the wife and my parents bitch that they prefer Fullscreen, and I am convinced in less than 10 years we will have TVs made out of plastic so cheap we will have both WS and FS and we can roll down whichever format we want.
Anyways I know you are interested in AAPL and anything I hear I want to let you know about - and don't for one minute get me wrong. I love Apple as a company - I thank the Apple ][+ and //e for my entire career in computers and part of those early years are what sit in my heart - my older brother took the initiative to buy our first computer and unfortunately this is the 10th year he will be missed.
After 15 years I realize I have been aimless. Now things are changing for the good. The old me would have been on AAPL and stink on a monkey - but the new me - today, says it is way overbought.
Frank told me once (in not so many words) "and if you fuck up.. get yourself a book"... well I thank both him and Kirby49 for pushing me in the right direction. I feel like Jake and Elwood - "the band" "the bannnnnnnnnnnnnnnnnnnd!!!" "We are on mission from GOD!"
I personally strongly disagree with you putting more $$ into Apple. I don't know you from Adam but my guess is you are risking far too much on one investment. The last two times I have added on winners - PMZ and RRI - were awful bad burns. PMZ from a HUGE gain to a loss. RRI - well the loss was minor - thank my lucky stars - but it was touch and go for a while. When I reduced my risk - and held steady - I finally eked out a nice gain.
And yes.. perhaps the little Japanese girls and the Hello Kitty lovers will go "tee hee" over the $29 iPOD socks. Well the king of that "accessory" junk - Nokia - hasn't been 'tee hee'ing lately.
IMO: My advice (as if I am someone to take investment advise from - I tell people that Yogen Fruz and Air Canada is a buy - don't buy them and they take off to make multi-year highs).... I would re-evaluate your holdings (risk:reward). If you continue to hold steady - instead of buying CALLS seriously consider preparing to buy PUTS instead. That way you could HOLD your position and if there is a downturn, you can protect your holdings with the gains from the PUTS.
My two bits - FWIW. Congrats so far and continued success!
Cheers!
Blake
OT: It might interest you that my ATI Tuner card ($300) also included FM; and my Cheap-o-couple of years old Panasonic 21" TV for about $400 included an FM tuner.
I tell you what -- THERE IS ABSOLUTELY NO WAY NO HOW that these two companies would have included FM if it was such a high cost. Suppliers are beaten for bloody pennies at WMT - so I am sure these were minor cost value add improvements -- and that is what pisses me off about the iPOD..
Magic-MarketCarpet-Ride
Thanks for this info and the "another thing". Still trying to focus on my plans and am thinking of various subscriptions - SC; IBD; W$J etc.
Ever look at IBD? Comments? I believe I saw you were subscribing to WSJ.. based on your system picture you uploaded once. I have always liked Barrons (actually I ended up buying the first MONDAY issue after each of my son's were born - vacuumed sealed them - for them to open years from now). The problem with IBD and WSJ today - I am not prepared yet to spend hours reviewing them nightly. (See OT story below)
Not to belabor the sectors/industries. When one really really looks into them - one can see how much of it is dubious in nature.
GE is conglomerate - yet about 40% is insurance.
Could Dell be slotted into education?
Apple - (I love em and congrats but...) they are priced as if they are gonna sell a billion of those FM-less iPODS this quarter - are they in the computer business or music?
WMT is a discounter - but they sell groceries - and that is a threat to Smiths; Albertsons and the Piggly Wiggly - a small threat today to Loblaw until the Supercenter's come. But how much?
If insurance premiums/margins are increasing that helps GE - but so does the housing boom with their appliances. And what factor do the 25% of Hispanic Americans have on NBC and the rest of the GE media?
IBD has their version of industries
Yahoo follows Reuters
MSN follows Bill
and so on.
I think it is good to know more about companies and what % of markets they influence - your version of Denison and SK is no different than knowing that WMT has a major impact on the electronics business - and would affect sales in Best Buy; Circuit City and Crappy Shack. But that IS very very very detailed and lots of work.
A) Is it important in determining how well WMT will do?
or
B) Is it more important to know they are a major influence and that will hurt Best Buy? .. and other "competitors"
If personal income rises - there may be a sharp rise in electronics purchases - that helps Best Buy et al but will help WMT. (again what is WMT's take on the electronics?)
-- again no different than Denison/Uranium/SK - just a mess of shapes and textures to be moved about.
To obtain the components within IBD's industries - from what I see - you have to subscribe to eIBD then also subscribe to an extra premium charting service. Even at that I doubt they have slotted GE into anything other than conglomerate. At least with Yahoo or SC - it is free - and/or at a small premium.
Obviously a lot of moving pieces; I can't deal with them all - but at least I want to get a basic handle on it all and decide what I am doing and where I am going. I want to start with less focus on the above initially - but perhaps zoom in at a later date when I can gravitate to specific industries -- then start to do some digging - as you do.
(I like to know all my options and what I am dealing with - if it is mostly junk or noise - fine. Have to be realistic and accept what there is.)
But I hear you - you have a good rhythm - routine. You aren't sitting by the phone waiting for stocks selections to be handed to you - you are doing your digging. I too have to come up with my own methods and follow them.
And yes I agree -- it will pay very well if I can get organized and focused. And lots of hard work!
Cheerios!
B
OT: Years ago I was offered by the Grab&Maul a subscription to the WSJ M-F - for I think $1 more per week. Pretty small premium I figured for such a paper.
So on Thursday I get it - and it is Wednesday's paper. Odd. Friday, I get Thursday's. Monday, I get Friday's. I call them a few days later and they stated - it was suppose to say this on the site - that areas outside of Toronto may get the paper one day later. DUH! So I cancelled it.
The funniest part? About 5 issues later, I was still reading the 2nd one. Though part of it is my slow reading skills, unlike my typing, it also had to do with my interest. I currently subscribe to Business Week. I really enjoy reading it because there are a lot of single page or at most double page articles. Short sweet and to the point. A lot of that in the WSJ - and there were a LOT of stories in the paper - I was reading all of them.
To this day, the Grab&Maul - I could skim that in less than 15 minutes - so much fluff. Other than Market Call none much of ROBTV appeals to me.
Dunno though - I prefer to "type" at the computer than just sit and read the screen. Should aim for a note book - download this stuff and read more in a comfortable chair.
OTOH - the "stories" I read sometimes tend to be my achilles heel. I have to start reading them and then checking the technicals before entering them like a sucker. All in due time!
B^2
Thanks and welcome back!!!!
I figured you might have tried finding Sector/Industry info for Canada so that is why I asked - just picking your brain.
Yes. there are many ways to create "lists of stocks to review" - most active; sectors/industries (depending on whose do you trust/follow); reading articles and making notes (company X is in "Uranium; Gold; Platinum etc). and so on.
Anyways, for me Reuters (one by one) was the only way to obtain sectors/industries that mesh with the US stocks at Yahoo.
Planning and thinking about things mostly.
Yes, full time!.. too bad life gets in the way of things...
Thanks again!
S
JibJab: President Bush's Second Term
Watch Mooie
(or visit http://jibjab.com )
B
(Grub.. 69 plus "569" is on my license plate!!)
FCO heeds Frank Pembleton's Play on Uranium
I wasn't planning on moving into Uranium.. but if my junk wants to.. the more the Lee Meriwether.
Formation Funds Saskatchewan Uranium Projects
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 18, 2005) - Formation Capital Corporation (TSX:FCO - News; the Company) announces that through its 100% owned Canadian subsidiary, Coronation Mines Limited (Coronation), it has closed a $150,000 flow-through private placement (the Offering) for the purpose of further developing its Kernaghan Lake and Virgin River northern Saskatchewan Athabasca Basin Uranium projects. These projects are joint ventured with Cameco and Areva subsidiary Cogema Resources Inc., the details of which are more fully described below.
The Company engaged Octagon Capital Corporation as agent to complete the Offering of 300,000 Units of the Company to qualified investors at a price of $0.50 per Unit. The Offering was fully subscribed by Northern Precious Metals 2004 Limited Partnership, a Montreal based fund. Each Unit is comprised of one flow-through common share and one half of one non-transferable common share purchase warrant, each whole common share purchase warrant entitling the purchase of one non-flow-through common share of the Company at a price of $0.55 per share for a period of eighteen months from the date of closing of the private placement. The Company has paid cash fees and commissions totaling $10,500 in relation to the Offering.
The Kernaghan Lake Project lies west of Wollaston Lake in the north-eastern portion of the Athabasca Basin of northern Saskatchewan. The Project is owned 20% by Coronation and 80% UEM Inc. UEM Inc. is a corporation owned 50% by Cameco and 50% by Areva subsidiary Cogema Resources Inc. The Athabasca Basin hosts several of the world's largest and richest uranium deposits. These Middle Proterozoic, large scale, high grade unconformity uranium deposits occur at the base of the clastic sedimentary sequence and can attain gross metal values in excess of ten billion dollars. The property, located approximately 400 Km north of La Ronge, is joint ventured with UEM Inc. and operated by Areva subsidiary Cogema Resources. The target is an unconformity type uranium deposit similar to the now mined-out Key Lake deposit, which originally reported a resource of approximately 195 million pounds of U3O8. The Kernaghan Lake Project lies approximately 15 km northeast along trend from Cameco's La
Rocque Lake discovery, where Cameco and its joint venture partners announced in 1999, drilling results which included an intercept of 0.7m @ 29.9% U3O8. UEM has been drilling the Kernaghan Lake Project in previous years and has proposed a budget of approximately $300,000 for 2005. Results will be released as available.
The Virgin River Project totals over 30,500 hectares and also lies in the Athabasca Basin approximately 60 km east of Cree Lake. The project is also joint ventured with UEM Inc. and is operated by Cameco. Coronation has a 2% carried interest with the right to earn up to a 10% interest under certain circumstances. Coronation Mines is carried by its J.V. partners for the first $10 million in exploration expenditures. To date approximately $4,500,000 been spent on the exploration of the project including significant quantities of diamond drilling of a large unconformity-type uranium target. UEM is continuing the exploration of the project with a $1,500,000 exploration program, including a diamond drill program planned for 2005. UEM, Inc. and Coronation are very encouraged with the exploration results to date and are in the process of compiling data for release in the near future.
Full story:
http://biz.yahoo.com/ccn/050118/707c74804b39178430e18a1fcb03635f_1.html
B
When it hits $20 /eom
So are unpaid subscribers after Feb 28..
Effective March 1st, only Paid Subscribers will have exclusive access to these reports.
B
Yo Yo Yo Frankie...
I was wondering what site/service gives you Canadian Sector breakdowns? US is a piece of cake, but not for Canada.
Currently the only thing that is close - reasonable is GlobeInvestor. (In fact TSE will go to GlobeInvestor for the profile).
ie Industry: Utilities (Telephone Utilities)
http://investdb.theglobeandmail.com/invest/investSQL/gx.company_prof?company_id=181511
I was looking at TD Waterhouse - sure they have industries. You pull up "AGI" and on the overview screen, they show "VITAL STATISICS" and yet no industry. Meanwhile the box below shows "Industry Peers". Still no name of the industry. On another page you can see a Sector/Industry tree - but even from that I couldn't find AGI. Meanwhile (as with most sites) they are using Reuters feed. On Reuters - again lots of US stuff. Can't find sectors with the Canadian counterpart.
Now on Reuters I can enter "L.TO" and it brings up Loblaw. ANd says it is "Services//Retail (Grocery)". Yet if you traverse the sector/industry tree - Loblaw will not appear.
So in otherwords, as long as I have the TORONTO symbol, Reuters will work - but that is ONE STOCK at a time. Not the end of the world - but just cumbersome.
TSE.COM - what a bunch of junk. Perfect example where form over function existed with the over paid 20 year old unexperienced programmer. Applets applets everywhere but not crap to read the tiny box.
Also: Nice charts you put up.. thanks.
TIA!
Blake
PS: Louis.. here is the basic URL form (with the clutter removed - and it works). Here is CKG.V..
http://www.investor.reuters.com/FullQuote.aspx?country=CA&ticker=CKG.V
Next Question: Do the industry/sectors at Reuters match the same as Yahoo! (which also uses Reuters?)... well there's Hertz.. and not exactly..
Yeah congrats on AAPL!!
Funny how it dropped on Tuesday by about $4.. then to rebound like it has. Too much whispering I am sure.
My brother's old Apple ][+ and my old Apple //e clone sit in the basement.. 5¼'s ready for a reboot on drive 1 and if necessary I may have to "flip" it to get the second disk. Chuckle.
Anyways, was watching Bloomberg Tuesday on my wonderful Ted's Most Excellent Digital Cable - they managed to get an analyst while at the sametime CNBC got Jobs.. <vvvbg>.
Two comments - first was the mini Mac and sales cannibalization of the higher end Mac sales. The fear was with the customer - "well you are showing me this $1500 model.. what is this $599 model?".. and they may downgrade the purchase - the analyst figured that was probably not much of an issue - I would agree - at home I really one a solid big, fast and powerful machine. But for my wife and kids - heck something simple that does the basic stuff is all that matters. And (assuming I had cash) picking up a few mini-macs would be of good value. The only choice up to today was big money for another Mac or networking in Window's sub-PCs.
The other comment, of more concern, would be with the memory based music player that just came out as well. There they may shortage problems that will plague it. The ipods sales were amazing alright (though I still don't have one boo hoo).
Didn't Apple a few years ago have similar shortage problems? Thats what I remember.
Anyyahoo - just letting you know what I heard - FWIW - regardless of your goals and time frame.
Congrats and good luck!
Blake
test of the summer of our german soldier..
Ted Rogers is a DICK!
Happy New Year Everyone - May we all have a very prosperous 2005!
Been a rough year for myself in the market. After reading a few excellent books, I am striving to get out of the masochistic trading style I have been stuck in for the past 15 years and move onto more prosperous strategies.
My Big 3 areas I will be working in are: (D.O.T.)
- Discipline (most focus here)
- Organization (& Planning)
- Time (spending more of it)
Organize myself; Plan out my trades; Spend more time; Cut my risk; Be disciplined and follow through as planned.
I have only one person to beat - and only one person can destroy me - the biggest enemy - ME!
Anyways, I wish everyone here all the best... special shout out to Frank, Louis, Kirby49 and Spots (aka Kastelco!)
(Now a bit of humor..)
New Year's Resolutions
As we all start a new year, it is time again to make those ever so important New Year's Resolutions. I have faithfully made such resolutions in the past, and while I haven't been able to keep all of them, I have tried my best to continue making progress on them year after year.
Following is my revised list of "New Year's Resolutions - 2003 Edition":
Resolution #1
2000: I will try to be a better husband to Marge.
2001: I will not leave Marge.
2002: I will try for a reconciliation with Marge.
2003: I will try to be a better husband to Wanda.
Resolution #2
2000: I will stop looking at other women.
2001: I will not get involved with Wanda.
2002: I will not let Wanda pressure me into another marriage.
2003: I will stop looking at other women.
Resolution #3
2000: I will not let my boss push me around.
2001: I will not let my sadistic boss drive me to the point of suicide.
2002: I will stick up for my rights when my boss bullies me.
2003: I will tell Dr. Hodger and the group about my boss.
Resolution #4
2000: I will read at least 20 good books a year.
2001: I will read at least 10 books a year.
2002: I will read 5 books a year.
2003: I will finish Airport.
Resolution #5
2000: I will not get upset when Charlie and Sam make jokes about my baldness.
2001: I will not get annoyed when Charlie and Sam kid me about my toupee.
2002: I will not lose my temper when they tell the guys I wear a girdle.
2003: I will not speak to Charlie and Sam.
Resolution #6
2000: I will get my weight down below 180.
2001: I will watch my calories until I get below 190.
2002: I will follow my new diet religiously until I get below 200.
2003: I will try to develop a realistic attitude about my weight.
Resolution #7
2000: I will not take a drink before 5:00 p.m.
2001: I will not touch the bottle before noon.
2002: I will not become a "problem drinker".
2003: I will not miss any AA meetings.
Resolution #8
2000: I will not spend my money frivolously.
2001: I will pay off my bank loan promptly.
2002: I will pay off my bank loans promptly.
2003: I will begin making a strong effort to be out of debt by 2008.
Resolution #9
2000: I will see my dentist this year.
2001: I will have my cavities filled this year.
2002: I will have my root canal work done this year.
2003: I will get rid of my denture breath this year.
Resolution #10
2000: I will go to church every Sunday.
2001: I will go to church as often as possible.
2002: I will set aside time each day for prayer and meditation.
2003: I will try to catch the late night sermonette on TV.
(Resolution #8 had "debt by 1998" - maybe I am too dumb but I didn't get that bit)
Cheers all!
Sexton Osiris Blake (SoB)
Well TF.. not sure if this fits the bill..
20% off at Amazon.ca
The bartender and the thief.. (audio/pt 1)
Mind the pictures..
Now if they would have had this book.. maybe.. just maybe...
I can provide others if interested.. I seem to have heard either David or John (both?) loved OJ in the morning...
Season's Greetings All!
B
..with three fingers of vodka..
Merry Christmas everyone!!!
Cheers to all and enjoy your holidays!
Sexton...
Chuckle... was at "our local mall" this evening.. all I heard from my wife was "you know if you told me what you wanted I could have picked it up at Zellers for 15% off on Tuesday..". I was hit with a week and a half of red eye.. 2 eye creams and in the middle of 14d of antibiotics later.. we finally made it out yesterday.
My local WMT had the holiday Gamecube system I wanted - didn't know I actually had to become an expert in that too.. but every store sold slightly different packs - you really have to educate yourself on the components.
Took the youngest out for pictures of Santa. But overall it was quiet, I agree. I heard November sales were nothing to sneeze at.. I think this holiday season will be a massive bust. And think the real deals are coming (as predicted) late January - mid February.
Meanwhile the DVD writer at Costco was recently reduced from $119 to $89... the 16X -R/+R is only weeks away...
Cheers!!
Sorry.. less twisted... but Ho Ho Ho to all..
B.
..back and shot.... And me too!
Merry Christmas All!
B