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Where is everybody?
This one is powering, and nobody here. Under the radar and I like it that way.
eom.
Good article regarding this...
play of behind the scenes work going esp related to video traffic on the internet. See IBD's Thursday edition, page A-1, top headline story.
See if this link works - http://www.investors.com/editorial/IBDArticles.asp?artsec=5&issue=20070620
It broke. eom
OT - Beautiful shots on NASA TV...
right now, from the orbiter. A gorgeous live view of the planet slowing rolling by as the shuttle prepares for landing tomorrow. They are just leaving the live view video camera on - not much communication for now with Houston either. Very peaceful.
The New Nasdaq Horsemen...
I've been mentioning the term for awhile here, and Cramer outlined and went over them on his show on June 6th.
A couple of things...
Yes, in the 90's it was 4, now it could be more (later this year). However, if you stay with 4, the first to get knocked off Cramer's list will be Amazon. Just anecdotally - all of my major purchases are done online, however, no purchases (not even books) are from Amazon. The sites I go to first - Buy.com, Onecall.com, B&H, Barnes & Noble, etc. These are just a few I use and love and that offer great customer service, and often free shipping.
On the replacement horseman name for Amazon... Apple is changing personal computing this June 29. It will be huge. N in Canslim is New. This is new and will be changing our world. Word is their goal is 3M units sold at launch. I've heard through the grapevine that it's ridiculous how much fun it is just to scroll through your address book on the thing; that's it's stupid how amazing and easy and fun it is to use. Go figure your own revised yearly numbers based on that launch number. And then also think about the networks and other infrastructure and what goes into that need to support this coming change from Apple as well as the increase sales from competitors. That is where your other horsemen will be found, the up and coming ones.
They have been sleeping for now, but, not too much longer. One (and maybe more) of these background support related issues will replace Amazon, or if you prefer to follow and have more than 4 horsemen in this current historic stock market, then these will be in addition to Amazon. Remember, most people never heard of CSCO as it started it's run just after the first Iraq war and then continued it for years.
Keep your eye out and watch the market's leaders and volumes and market caps and you will get these other names soon enough.
GL & GT.
Right now today, we will see what this market is made of after this pull back.
What a Market...
Look at what the Nasdaq has done the last three days. Watch it today! As it breaks up. Look at the Dow and other indices too.
What a Market!!!
This is why you MUST stay in the game! For times like this!
One other mention regarding NYX...
as Cramer's growth stock of the year.
Remember, he has to figure in market cap and average daily volume as well as many other factors before making a recommendation like that, especially like his No 1 growth stock of the year. He can't mention smaller cap stocks with limited shares and possible larger growth potential, and/or mention even some larger mid-caps that trade light, or they will just be heavily manipulated. Because he knows many people will not listen to his advice of how not to immediately jump in.
And even in something larger - you don't think some people are working it against a lot of retail coming into NYX or something similar after his call. You probably should.
It's still a good pick for a lot of other reasons - some also mentioned previously on this board, but, also a good example why you need rules to protect your capital. And even now it depends on how you managed your position since he first mentioned it as to whether you take any action at all here.
GL & GT.
Hey Mel, don't worry about it...
as I think I remember you mentioned awhile back you were just getting started. They are very risky, and you are better off putting more time into studying the market and stocks.
I think Bill O'Neil recommends somewhere in one of his books getting at least two or three years of market experience before venturing into options, and even then using them sparingly. I don't know for sure, and I don't want to mis-quote him or anyone, but, in any case, that is probably good advice and a reasonable timeframe that I would agree with.
They are hard to grasp for everybody at first, but, keep reading and studying in your spare time and watch and study the options for the issues you are already in.
All in good time. Remember the main goal for all newcomers should be to stay in the game, until you get that needed experience.
GL.
Hey, check out Nasa.gov if you can't find it on cable, I remember watching live video feeds on shuttle missions there too in the past.
Yes, it hit it briefly...
but the volume wasn't there (but, give it some time). Besides volume, it also depends on the news out, the market, related plays (esp in the sector), the chart (what type of setup, is it a good setup or are there problems, etc.), options activity and/or expiry, even time of day. All things that are easier to observe with time and experience, and then you can get a better "feel" of what it's doing and if the odds are if it will breakout and run.
Maybe even more important than all of that, is your actual understanding of how a particular issue trades. Afterall, it's not the issue that is trading, it's certain people, and they have likely been trading it awhile. The best way I find to get an understanding of how it (these people) trades is to buy a little before you plan to jump in (after doing all your DD and determining an issue is one you are interested in buying).
Pilot buys are a good way to get this understanding and I'll often do a lot of smaller buys before loading up on a couple of final positions. Because once your money is on the line, you will follow it closer. I still however, just have to watch not getting too many to follow.
Regarding NYX, even with expiry last week, I was still looking for it to hold at least 80.5 into the close. It wasn't happening so I sold most of my common on Friday, but am keeping my long-dated calls. For me, that money had to be re-allocated as I often look at time stops as well as price stops.
This market is strong, and the smaller-market cap and smaller float issues I've mentioned as potential growth are much more risky to trade, but in a market like we're in and with some practice and experience, you can often do better with these. But, they need to be traded with strict rules and stops, otherwise you may just be better staying with something larger and waiting, like NYX.
GL, I'll be checking in from time to time.
OT - Are you all watching NASA TV?
right now. They have been showing the repair work going on live outside the space station - trying to fix the orbiter blanket with staples from the on board medical kit, etc.
Well - they are going around the dark side of the planet again in a couple of minutes.
Nothing like homemade quick repair jobs (that your lives are depending on!). They need some heavy duty duct tape!
This Nvidia looks like it...
is getting ready to charge 40 and then keep going.
Watching it close, and will consider getting out of my NYX position into something moving here, anything. Watching some other Nasdaq names close.
GL & GT.
They are looking around...
so expect some news out at some point.
But, after the last two days, this is especially looking like dead money to a lot of people, which is why it continues to do poorly.
I almost pulled my money out yesterday to plow into ZOLT, and today to plow into FFIV. Should have. Instead, it's dead money, and people don't like it.
GL & GT.
I hope somebody...
out there got more of that CLRK than I did. Not holding near enough, and it's a little extended now to be buying.
Another one I've watched and missed was that CBEY. I remember I got a business card of one of their execs at a Cheesecake Factory early last spring. Been following it since, but, never pulled the trigger.
These and other similar ones (like the Zolteks of the stock world) have the potential to be some great growth stocks of the year. This increased worldwide market volatility will ultimately help NYX, but, it's not helping it today!
Interested in ADBE's report this afternoon.
GL & GT.
Lots of buying...
yesterday and today.
Some names I like and am watching:
CIEN @ 35.33 on volume
SMDI @ 11.37
FFIV @ 82.75 (I liked that fund manager interview on Bloomberg TV yesterday too)
ZOLT @ 39.60
GLW @ 26.34
FMCN @ 46.10
ATHR - loaded up yesterday
and this darn Apple.
Don't forget the more defensive names you should have too for the summer - the Boeings, T's, Cats, etc.
Hey Mel...
that Glass Works looks like it is getting ready to go soon. Hope you are still in that one. I'm waiting for it to tag $26.34 on some volume.
GL & GT.
I like that site...
but you can't do a melody, only chords.
Anyway, this stock sure is hated. The only red one on my books yesterday, which even more sorry to say than that is, I don't have AAPL on my books as of yesterday. Scaled out of it, and now trying to get back in at a reasonable price.
I believe the iPhone launch date will be on the order of NSCP IPO, or of a Star Wars release, and some other similar historic events. Maybe more on this later, but, that's why I'm scaling into T (and AAPL slowly).
Lots of buys yesterday and today. And a lot of it Nasdaq names.
GL & GT.
Getting ready...
to go. But, without a catalyst today, let's see what this market is going to do by 10 and 10:30 am.
eom.
Into the limelight...
not. But, that starting today as well as the AKAM upgrade (which I like here) should help generate some interest around that FFIV and some others as well.
The Nasdaq - with the semi's getting some interest today - well, let's see what it's made of here. But, caution, cash, and some other defensive plays are not a bad thing here; i.e. rolling s-l-o-w-l-y into T for example is one.
For the summer, I'll write some more early next week. But, the bond market and Bill Gross's comments yesterday should be studied, not ignored. Let's see what the FED comes out and says next. More later.
GL & GT.
Ugh - Leeee...
Hope you all had some D Fence going and still maintaining.
I liked Duncan Niederauer's good phone interview on Mad Money last night, and that he leads off with a Booyah Jim.
GL.
Positives and negatives around...
that dividend announcement, esp thinking around other rumors of further acquisition(s).
Regarding the restrictions being lifted early, it (and actually the dividend too) may have more to do with the other press release today of launching the statutory buy-out procedure. Not up to speed with everything else going on with the old NXT.FR (Euronext) shareholders and execs. But, could see some selling pressure. A whole lot coming out to digest this week for this issue and we're not done.
Let's first see if these levels hold in the US indices, if not, it could compound. Another selloff tomorrow on increased volume in the markets would add up distribution days for the NYSE composite and S&P to warning levels.
Personally, I still think selling will not cascade and be shorter term (for NYX and the market), afterall, it's been quite a bull market. But, be prepared for an ugly morning tomorrow.
If market signals flash warning(s) tomorrow at the close, and/or similar NYX signals on Friday, then it'll likely be time to adjust some more (depending on your positions and gains/losses).
Have your rules established and follow them.
GL & GT.
It's a bull market...
I like that GOOG under the radar today on the Nas down day.
Look what some news and shorts are doing to SPWR. Too bad NYX doesn't have the higher % short interest anymore.
Some other tech stocks besides other leaders like CROX, some chips, etc. that were looking good today - NVDA, BCSI, and some others mentioned on IBD's stocks on the move. Let's see what these Nasdaq names can do here this week.
GL & GT.
That's one of the main issues...
that question you bring up. There should be some interesting articles coming out about all this by hopefully this weekend - so let's see what people are thinking. But, initially, I still don't think even the main issues are going to turn into real issues for this.
There is some congestion to get through around 88, which is also where the 50 is hovering. So, give it some more time.
GL & GT.
a quick list of personal comments...
without any time to look into.
The news came out early this afternoon as the stock was powering - something not matching there. Multiple defendants - depends which issues there were noted problems on in the suit and which firms those specialists were from. Timeframe: from 1998 forward, with news quoted problems from 2003 - statute of limitations?
Who would be testifying for NYSE? Grasso and other ex-members for events that happened years ago.
Wait and see what comes out, not too worried at the moment. If it ever does go to court it will be very long and drawn out with all those listed.
my 2 cents
Thanks Metro & Rebel...
and we got a good move today with good volume here in the afternoon trading.
GT.
I've been mixing market commentary...
with other specific NYX posts, sorry about that. So to clarify quickly:
NYX volume has stayed muted even while this market just powered on yesterday (the latter was the WOW!). Today NYX is down on the Spain bourse rumors/news out early today, but, again volume is muted. It's actually good rounding action down here if it keeps slowly moving up.
Meanwhile if you are diversified with four or five leaders you are doing well with everything else. The Nas action here has been really good!
The Rumble today between the bulls and the bears is it's the last day of the month, and trying to break these levels here for the Nas, etc. Let's see who wins the battle here, but, I know what side I'm on today.
GL.
Let's get ready to RUMBLE!!!
This is why you've got to stay in the game, for moves and a market like this.
The new Nasdaq leaders are shining too.
GL & GT.
Heard the rumor story on
CNBC this afternoon that NYSE is planning on closing the Blue room and the Blue room annex next (and some more problems with some Specialist firms).
So, I was just thinking, if you haven't yet toured the NYSE, maybe you should plan a trip this year to see it. Who knows, the floor as we know it may be closed in a couple of years - or turned into a museum, etc.
Maybe with all of the branding Thain is doing, he will transform the main floor into a high-tech tv set for more live television and radio shows hosted there, like the MSNBC morning set. And for longer marketing webcasts for firms and/or bigwigs coming in for the opening and closing bell, etc. Who knows.
GL & GT.
WOW!
I'll try to comment later tonight if I get some time.
Looking forward to tomorrow!
GL!
Man, I hope today's...
crash of the NYSE car at the INDY 500 is not an omen! At least if flipped back up on before coming to a stop and Marco walked away ok from it!
Actually, it's great Thain & Co. is working on the branding like this, and I think it will be an even better sign when there is a NYSE sponsored NASCAR team/car (hopefully with a better paint job). Here's the list: http://en.wikipedia.org/wiki/List_of_NASCAR_teams
Here is the link to photos of Marco Andretti's blue NYSE car before the accident today and flying upside down over the straightaway. Note: he was second place in the INDY 500 last year (his rookie year at age 19), lost right at the line. http://www.marcoandretti.com/07/galleries.htm
Happy Memorial Day! Don't forget to hang a flag!
See you Tuesday.
Good article today...
by Steve Smith on RealMoney regarding the merger wave in the exchanges and NYX.
GL.
Ooohhhhh...
another upgrade. To "Neutral", from sell. But, look who from!
GL & GT.
Let's see what this market does...
now that we officially kick off the summer season this weekend.
Couple of things. NYX on 4/23 on that downgrade sliced the 50 dma on volume. That's a warning sign to many institutions, the real players. I think (hope!) we slowly build up out of this level and then pop up thru that 50 shortly, in 2 or 3 weeks.
Again, things historically slow down here about now for the next several months, but, it all depends on this general market.
The Nas had it's 5th distribution day yesterday, another warning sign, and then heavy selling today. If you have ice-cold discipline / rules, you'ld be out of your "pure" Nas names. But, on the flip, we had the S&P (at only 1 day) and NYSE composite (3 days yesterday) doing better. So, dig down and see what's going on.
Given this lack of congruence, I'm looking at each holding on a case by case basis and going from there.
One other thing, margin numbers are high again - so watch for a quick flush of some of that (we already got some done today). But, times have changed, so you have to adjust these numbers for growth in the economy, etc. A suggestion - stay off margin, and you can stay in the game longer.
OK- bouncing around now with this rambling message - so here are a couple more thoughts.
Even in a bull market, you can get caught in stocks acting like NYX is here. If you are new to all this, I'd also suggest to try to consider it a blessing. The opposite, is coming into this game brand new, in a bull market, gambling heavy on one or two names, with full margin, and making a temporary killing. With an experience like that, you will have no regard for the real workings of the market, and without taking any caution you will very soon be out - out of cash and the market.
Take this action as a good experience and try to remember the lesson later, when things are getting good.
Are things good? Look at the numbers (Euronext, and do some forward calcs with combined numbers, etc. See what you need for a real growth play and what analysts are estimating).
I am writing this as Mad Money is on in the background and in between a couple of phone calls, so a couple of other items:
A caller on the show referred to news today about GS and their own exchange / dark pools, something mentioned here before. Not worried.
And earlier, Cramer saying this afternoon that the wait on GOOG is now about over. If it is released, this market will have some real mojo back. Watch this and the Nas, and the new Nas horsemen for signs.
So, let's see what the market does.
GL & GT.
Interesting numbers...
and interesting study of the two columns of the combined results:
http://ir.nyse.com:80/phoenix.zhtml?c=129145&p=IROL-news&nyo=0
I also like that...
RIMM move this morning, had to get some.
Look at this ZOLT - I guess I should see what Jefferson Krull is doing with ZOLT before I buy some!
Man, some others moving too, my list is too long. ICE 12 pts straight after expiration.
People might be trying to lighten going into the holiday, but, the buyers, even if they are light, are still buying.
The trend is your friend as they say.
GL & GT.
If you didn't...
get in on this last pullback, well, you still have a relatively good entry here. I think it may not last long.
GL & GT.
That, and what's listed...
in that article, and well, an even shorter reply to Metro - it's a Bull Market. Cramer did another piece on it this am too, as he has been getting asked about constantly as his "growth" pick of the year.
Watch this Nasdaq start coming on strong too (the market, and secondly the stock). GOOG finally going right now. People want in. And more importantly, more people don't believe.
People chasing this Valueclick, look for another old Web Side Story.
GL & GT.
What a market...
I hope you all are doing well.
Watch the IBD SOTM (for subscribers); a lot of good movers on there this morning. Not to mention this move this am of NYX.
GL & GT.
Yea! upgraded to...
neutral. Looking forward to some real coverage later with some "buys" coming in.
Also, gotta give credit where credit is due - I remember Cramer had a good segment on AQNT last month (and Valueclick). Outlining in detail the reasons why MSFT would come bidding for it, and why it was good a speculation play because of the solid fundies underneath. What a premium if you bought some.
I like what I hear...
from Bernanke this morning from Chicago. I like Big Ben better than Greenspan, he's a better communicator.
Watch this housing market close for clues to the Fed's next move.
That's the most volume...
on GOOG since that earnings release almost 4 weeks ago.
I like it. Let's see if things can stay heated up for more than a day and if some other Nas names start to get some interest! BRCD moved today too. Probably not a bad place to start on some LVLT again. I'm going to watch this ADBE here too - may be a little early, but, when she starts as well, I'm getting into some tech. Not a lot, but, I will buy some.
GL.