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More scary news...
from VDM this morning, as reported by Bloomberg on the last segment. Really?
Well, VDM EPS has been steadily declining for what? the last 7 years or so. This is not new news, nor a new trend. Yes, all of the specialist firms are reporting declines, so? The hybrid system just kicked in - everybody knew what that meant to these firms. Check who is doing more electronic trading.
Also, study the volumes, comparatively. Here's the latest for April 2007: http://ir.nyse.com/phoenix.zhtml?c=129145&p=irol-newsArticle&ID=995760&highlight=
As I mentioned sometime previously, dig through to the actual numbers that matter (to check on trends and fees), not what the media picks out for fear headlines or whatever slant they want to present.
GL.
Mel, just a few things...
to try to keep in mind. First, it's not an easy game to be in. Frustration is common for most participants, and statistics show most participants lose money and/or underperform the averages.
And the people that do well, spend a lot of time and a lot of years studying and working towards it. Most are professionals in this business.
If you have the time and inclination, it can be rewarding. But, one other common thread many people state is that it often takes time (years) to learn every way not to do it, before they finally learn what works. Education can help shorten that process, but, either way, you usually have to pay one way or the other.
You're not jinxed at all. It's just the way the market works. It's just the order of things.
And keep in mind the real purpose of the markets, it's to raise money for new and/or growing companies. The people who are really ultimately rewarded are usually the founders of far reaching and forward leading companies that are changing the lives of many. The innovators in business. That's the key idea behind it all - "Innovation".
There are some good funds out there, including index funds, and other vehicles, which are also very good options.
And diversity is always the key, even among different asset classes. I keep a portion of money in a MMA.
GL with whatever you decide.
A couple of mentions...
Been doing some reading on all of the upcoming mandated phase outs of incandescent lighting - here in CA it's 2012, that's not too far away. Do your DD, but, I'm interested in this CLRK and related plays here. Need to see who has the relevant patents in this space. We switched our house out to CF because LED white is not really available, and cut our electric in half. Will switch to LED when more products are available.
More news from Nigeria this am, RIG is going to be a winner long term because of conflicts around the world like this. People are buying it this morning; good weekly chart. May not be ready to BO just quite yet, but, soon.
GL.
My guess is ...
more around here. Maybe 80 intraday. Depends how this market corrects thru time.
More stories out about some declining specialist firms. Have to look at these Euronext numbers.
GL & GT.
OT - I hear a lot of consumer interest about the iPhone - I know I'm going to be checking one out when it hits the stores. Have to say however, I do like my VZ coverage, and would think first before switching and signing a new contract.
OT - but this is unbelievable to me...
http://www.zeenews.com/znnew/articles.asp?aid=370499&sid=WOR
It's not Reuters, etc. so I don't know about these quotes, but, if they are accurate, I find one of these statements by Defense Secretary Gates unbelievable. See the first four paragraphs.
Par3 - "First of all, I suspect that whatever the evaluation in September will not lead to a precipitous decision or actions, but would point us in a new direction -- either because the surge is working, or because the evaluation is that it's not," he said.
OK, reasonable. But, then this...
Gates added: "there's no detailed planning or consideration of any kind of operational alternatives at this point. It's more of just a broader conceptual thinking."
And he is also quoted later in the piece that there has to be some level of troops in Iraq for some period of time in the future regardless.
If there is likely going to be some troop level in the future, how come no one is planning what that level should be. Every knows there is going to be some changes coming at some point. How come no one is doing any planning for any kind of operational alternatives in anticipation for these changes.
Unbelievable mess, and I like Gates. I hold out hope that there is a large amount of planning going on in the outer halls of the Pentagon for alternatives depending on changing conditions in Iraq and also what Congress does, and that he is just not presenting everything.
Maybe you could say his hands are tied, etc. by the administration. OK, but the flip to that would show that even more, nothing has changed regarding this mess. Unbelievable, and I hope not accurate.
***
Just found another link to the latimes with the same quotes of statements he apparently made in front of the Senate Appropriations Committee: http://www.latimes.com/news/printedition/asection/la-na-usiraq10may10,1,7866967.story?coll=la-news-a....
So, the reporting looks at least accurate.
A couple of interesting blog...
comments from Cramer on Tuesday on NYX.
check out 5/8/07 at 3:44 pm on RealMoney - basically he said ridiculous - he bought some more for AAPLUS and moved it a buck and a half. Commenting on the shorts.
Also on Stockpickr he wrote some more about NYX shorts and since it looks like all of this is free content, here is a copy:
NYX --euronext is next week.. I own this stock for AAPLUS and i want to stress that it is being pushed down by shorts everyday!!!!!!!!!!it is ugly out there..But when the position gets added to the S&P and the bears are converted-there are so many of them keying on the market share loss in NYSE not on the part i like, Euronext, I think they will be run over.
Answered by Jim Cramer - 1 days ago - Report Abuse
All for now.
GL & GT.
Good move here...
after the Fed announcement and good volume. It looks like a good floor at this level so I'd say the pain is ending here, at least for a little while. But, it always depends what the general market does. It does seem, however, many people are more afraid of not getting in rather than of risk right now, even though there is still some worry out there.
GL & GT.
LOL!
Good pic! How did that episode end? Who saw this pic? Wasn't he doing this with Kramer?
Thanks Metro.
That's why there is...
a market - I am getting interested in maybe starting to buy it! On a pullback of course, while your short sale makes some money.
Have to spend some time on this one, and study that debt and some other issues surrounding it. But it's looking more interesting to me. Especially if GOOG ever starts trading an average 10-14M a day again, and some other NASDAQ names finally start going and trading some volume too. GOOG's volume yesterday was anemic, on target to be the lowest day of the year, until that flurry in the last ten minutes.
Got a busy day, GL & GT.
Welcome Idiot...! Sorry, I usually shorten everybody's name! Good comment on this killer stock!
Yea, nice action...
on this still. Let's hope that 82 level holds on the next flushing out of some more weak hands.
This one may just take some more time than originally thought; have to see what the Euronext numbers do.
OT - What else I find interesting is how the market is valuing NDAQ right now.
Time to buy some...
NDAQ too, to add to the other exchange plays.
There may be some other good dip buy opportunities next week too, hopefully.
GL & GT.
The ICE upgrade helps
too, me thinks, when you look at where the real growth is for the sector.
GL & GT.
Just some general thoughts...
The market has been getting compressed, not just this stock. Look at S&P earnings. Look at a historical chart of 1998 / 2000 and compare to 2003 to today. If the Fed were to move on even one rate cut, things will need to look pretty bleak for housing and worrisome in other areas. But, what a spark that would provide - just the act of them moving as the fear deepened. Look at the potential with some of the upward gaps the past week.
Seasonality - we're entering summer trading, and the market has just surged from 3/14.
The "New" in CAN SLIM. NYX has got new products, etc. but, look at the industry. One company can't really get a lock in this industry. For one, it's changing way too fast. Thain is doing all the right things, but, it's not a lock. And think what a GS or other entities can do to create yet another new system (dark pools - scary ghost button "ooooooohhhh"). And look at what happened yesterday - coming from Germany - the flip side from your numbers.
Is it ever going to be a game changer? Or something with a lock on a huge potential new global industry? Like the perception was of QCOM back in 1999? Or somewhat AMZN 'or YHOO 98? Or, more like still what I think GOOG, AAPL, and how some other converged network plays are setting up right now? And maybe solar too, cause "The" alternative energy play sure isn't going to be ethanol in the long run - but again, I don't see a lock in a single solar name either.
This thing can ramp, but, we're just going to have to wait for the stars and planets to line up. I also think maybe we wait for the new Nasdaq horsemen to take off running to mark the real release of the market. Growth stock of the year? We'll see. If the markets are released, it should be solid, real solid, but, probably not going to be a 1999 QCOM.
It's a Global bull, maybe the US markets need to wait for some others to cool off just a bit for some of that money to find it's way back and fuel our next major leg. Maybe it will when Ben acts and releases things later this year.
And the number one musing, there ain't no free money.
Good luck.
Makes some sense...
as the ISE CEO is more of a technology guy, not an insider-history-brokerage-background guy (like Thain). His work has been to better enable the public to invest through more efficient markets. This deal would enable more competition which would seem to be his ideal.
And as the story mentions, he had a relationship with Francioni.
Don't know, but...
that's what people are waiting for now; we'll all find out soon enough. The ISE has some ex-NYSE options people, so I'm sure there is and has been a lot of talking going on. The offer is "rich", and I imagine the scenarios have all been studied already, so besides the numbers, there are a lot of personal ISE issues of control of their enterprise and outsider relationships. The question is could the systems still be intregated economically (w/ NYX) and with all of the industry changes and outlooks. It possibly could be economical with all of the new vehicles and opportunities coming, they'll need the extra capacity soon enough. Unfortunately, not up to speed on their capex projects, current and ex-NYSE ties to Euronext and Germany, and other issues, so I'll be watching too and holding.
There was the options conference last weekend with some European representatives, and some panel discussions on global opportunities. I bet there were some interesting discussions later at the bar all weekend and phone calls.
The ISE offer...
should help raise some interest here longer term as more derivatives and other vehicles are offered and volumes expand.
GL & GT.
Yea, me either...
Yes, interesting that we get two earnings reports this quarter; that might be a good buy.
I want to look at their latest volumes and see how they are doing. I didn't have time today to even listen to the full call yet.
And, kicking myself over that BIDU. Almost pulled the trigger earlier today, and instead pulled some other stuff off the table - felt I was getting a little greedy after the past two days. que sera...
GL! This market is rocking, all good for this as things heat up.
Did you know you entered a
no spam zone here. I'll let it go this time. But, next time, all messages get deleted. Actually, it looks like Matt or somebody else at admin deleted one already.
I have a few general thoughts...
First, this is a bull market for several reasons. It is likely to continue well into 2008, 2009, maybe early 2010. And because of the reasons already in place and lining up (like still a nominal Fed ease), it will likely continue regardless of who is elected pres in 2008. This could be a powerful move. It could be historic. If it does go like this, do you think NYX would benefit from such a scenario?
I think things could unfold politically, esp with Iraq, and the new congress actually getting a troop withdrawal bill passed at some point, as well as economically with a strong market, that maybe a republican could get elected pres and the congress remain closely divided but still under democratic control. I think that would help the market maintain it's strong course through 2008.
But, there are problems brewing underneath the surface, still with housing, credit, sectors of domestic growth, etc. that will become an issue at some point - just not now.
But, when this bull has run it's course and the cracks appear and actually start giving away, I hope we have someone in the whitehouse prepared for something similar to what Herbert Hoover went through (also a republican).
GL & GT.
Excellent Posts - All!!
Thank you Metropick, for all your time in those.
I'm short on time this evening, so all I'll say is that NYSE executions are far better now than ever in the past. Their new system works, and will only continue to get better. I used to avoid as much as possible trading NYSE names and against specialists before, and now I'd say more than 50% of all issues I trade are on the big board (versus Nasdaq). I have bought some NYX here, however, most funds were directed towards other issues the past couple of days including AAPL this afternoon before the close. I don't choose to provide more picks, however, mainly because most are high beta stocks, and if you are not careful, you can lose a lot of money as well (well, except for in this market).
GL & GT.
One more thing, good articles by Cramer - Bow to the Breakouts, Desperate to Get Long Enough, etc to explain what the market is doing here.
Rally Mode!!
Only down note today is that all of my DXPE I offered out at some high prices got taken.
Good luck all. Don't forget to order some chips with whatever else you're having.
GL & GT.
LOL! Glad you're back...
MelPomene. Too bad we're not all in some money on this - yet. Today was bad all the way around. We'll just have to see how the weekly chart turns out by this Friday. At least those Apple shares started moving today.
But, I'm with Metro, leaving some lower bids in there this time, actually picked up a little late today, and will stagger some lower bids starting probably tomorrow at some different levels.
Good luck you guys.
I've got a few bottles of old Sam Adams Winter Lager Seasonal Brew in the back of my frig to add to your fermented juice!
GT.
I think at least...
two of the RDFN guys are ex-Pristine guys. I imagine Andrew is still part of RDFN; he is a very knowledgeable trader and an excellent teacher. GL.
Good luck...
I hope it gaps and opens up higher tomorrow morning for you.
I think it was a gift day for the shorts just to be clear. Make sure it holds this 50 because it doesn't look like there was much covering today to stablize much.
It'll be interesting to see if GOOG can keep this market resting up here and maybe help things tech out. INTC keeps motoring, and even AMD is holding up right now in AH at 14.60. Maybe this SOX does has legs - but, I'll have to be convinced first.
GL & GT.
That's too bad,
I think he folded on this one. It probably was a little unsettling if you were new to all of this, going through the past couple of months.
I hope everyone hangs tough.
GL & GT.
Metro, how are doing on your CNBC portfolio? I was studying a little, and it appears many people did multiple different portfolios all loaded up on different stocks waiting for one of them to go. I guess one of them doing this will the million.
All I can think of...
is that if you were short this stock, this is "thank god" day for you. I'm glad there is that short base today, it should help stabilize it somewhat as many take this gift. A shorter term "hold" could be justified as it had gotten a little extended.
Let's see where this and the markets close. The market is still showing some resiliency, but, caution is warranted here.
GL & GT.
Man, well...
this SPR looks ready to go, following BA this am. It's trading right at the B.P. Picked up some shares and will have to see whether to hold em or not. Watch the volume today and in the market.
Some others getting ready to go too.
Tricky day.
GL & GT.
What a resilient market...
It is not staying down today.
OK. I'm a little wary of jumping back in right here, after trimming some positions the last two days, but, have to keep an eye on things.
Some stocks I've been waiting on are creeping up here this am. It would have been preferable to have them come in a little more, faltering slightly on vanishing volume, and then take off within the next couple of weeks or so.
But, there are bids underneath, and the selling never really took this morning, so, have to be prepared to go with the flow, cautiously however. And watching this SOX and INTC (and cohorts) to see where it's leading to.
GL & GT.
Choppy waters???
We'll see. It is a low float stock, and it's gotten a little extended again, so let's see what kind of defense the shorts can muster today or maybe the next couple of days and what the market does with all the earnings reports the rest of this week. It's a bull market, but, we have really powered the past six weeks. A rest would be ok too.
I would've liked to see the daily volume just a little bit stronger yesterday and it probably would've if the stock had rested another week or two; but after the initial breakaway surge yesterday, it fell off all day.
GL & GT.
One caveat...
on how easy it can be.
For most people including me, it takes several years of trial and error and losses to finally incorporate those rules outlined by Bill O'Neil so that they become your own. Maybe because we do think we're smarter than most (or at least smart enough) and we can just come into the market and pull money out. The market looks deceptively easy to most new participants.
But, once you do really incorporate all of those rules outlined in his books and/or your own tighter rules, it really does become easier to do well.
Most everyone has to pay their dues, either learning in the school of hard knocks, or paying up for good education and training. Either way - we all have to do the time and pay the entrance fee in order to do this.
And I'm pretty confident when I say from all that I've seen, nobody spends more time during their entire lives on all of this than a few of the top market gurus, like O'Neil, etc.
GL & GT.
Yes, and yes...
What I like about it is, that O'Neil has done so much intensive study and back-testing of the best movers and leaders since even before he started, that what he says in his books is true: That's it's not a system based on opinion, or personal preferences, etc.
It's just a way to outline all of the underlying common characteristics that he found of all of the very best market leaders as they took off in price. The common leader characteristics and just as important, the characteristics of bull and bear markets over the past many many decades.
And what started him on the study was trying to figure out what the leading portfolio managers were doing when he started. The best today are doing the same things as in the past, which he outlines as well.
And, it's so easy (once you incorporate all the rules), even a caveman can do it.
GT!
Possibly, but, regardless...
if you follow the price/volume action on a stock, and it's acting well, you don't even have to know the details on a fundamentally sound stock. The people who do know something always leave tracks, no matter how well they try to hide them. TA is one way to study tracks, and sometimes even easier is just watching the tape and some key dollar points.
And like you mention Jagman, with the high short interest on a low float issue like this, it's just some more fuel cans laying around. "En Fuego".
GL & GT.
There goes the stock!
The proper buy point on this was 18.27 as it broke through that price on March 27. I missed it that morning, as I was busy on some other trades and other related work. So, as I noted a couple of days after, there was a second opportunity to get in real close to that buy point on 3/29 and 3/30 and then start your pyramid buys from there.
Bill O'Neil talks about all of this in his books, paper, and other study materials. I highly recommend it all, and some of his special courses (check the site and paper).
After that breakout, the stock then formed on the chart what is termed a high tight flag over the next almost 4 weeks.
It broke out of that this morning as it crossed 20.14, again on volume. Another really good buying opportunity as it goes into its next trading range.
The stock has been acting well. And there are even better ones out there with stronger earnings. Again, I think it's better to "tease" anybody reading with just listing a couple of potential movers, ones that are setting up nicely. But, to really learn to beat the market, you have to do your time and spend some money, choose your own stocks that match your knowledge and comfort level (me, I like tech and other sectors, don't really like biotech) and study a successful mentor like Bill O'Neil.
GL & GT.
Too bad...
that this one didn't qualify for the CNBC portfolio challenge. It was under $500M when the contest started.
But, real bucks are better than CNBC bucks anyway.
GL & GT. This ATHR is setting up too.
There goes...
eom.
Rally Mode...
Rally Mode, Rally Mode.
The Fortune 500 list is out - as well as data like record profits of $785 Billion. A 29% increase from a year ago. I like this headline "A Profit Gusher of Epic Proportions".
***
A profit gusher of epic proportions
America's largest corporations generated record earnings in 2006, thanks to a happy confluence of circumstances. How much longer can the outpouring last?
By Shawn Tully, Fortune editor-at-large
April 15 2007: 10:00 PM EDT
(Fortune Magazine) -- The notion of the little guy striking it rich - finding gold at Sutter's Mill, discovering oil at Spindletop, or cashing in on a dot-com IPO in Silicon Valley - runs deep in American lore. But something even more historic transpired in 2006: A massive swath of the established economy - also known as the Fortune 500 - collectively generated unprecedented earnings.
***
Read all about it, and then determine if you should be in this market. I know I am.
GL & GT.
Disclosure: I'll be selling a little bit of my full truck of some of my favorites today and tomorrow into this strength, but, will reload soon on some dips.
Market looks OK here...
SPWR moved this am, did my first pyramid buy.
CROX, PRFT and others I've been watching are also moving.
I like this FFIV weekly and monthly chart setups - will watch this one closely too.
GL & GT.
Hey Metropick...
Good photo. Cheers on your picks and holdings, esp NYX! Actually, I started buying back some Apple this am. Also have some MER (instead of GS) for a trade. So, some similar lines.
I just noticed the other day that you and Pennyland each sent a private message awhile back. Sorry, I just never checked or even really noticed the mailbox on my IHub login. I also don't have a premium subscription here, so I can't respond with any private messages.
If you or anybody would ever like to contact me, I set up a Gmail account: Not.Bill.Oneil@gmail.com
Good action today. Good action on the weekly chart. Good luck this week!
Out with the old...
and in with the new.
Changed the board name today, from NYSE Group, Inc. to NYSE Euronext.
A noteworthy day tomorrow in Paris and then back in New York for Thain & Co. and for traders everywhere.
GL & GT.