Tuesday, June 06, 2006

Blog This

I'll be travelling around the Southwestern states over the next few weeks, with Phoenix and Laguna Beach the only stops for certain so far. My travelling companions will be a teenage daughter, or two, and one of their friends. I'll have two notebooks with me (my Powerbook and my new ulta-slim Sony Vaio), so business should be as usual, trading until 1:00pm PDT, then waking up the girls to go exploring. As time permits, I'll throw up some trading ideas, see what sticks.

On the guru front, Harry Dent says buy this market, its up to the stratosphere from here. Jim Dines is still on a short-term Buy signal from about a week ago. Jim Cramer continues to churn out about a dozen blogs a day, about 1/3 of which are bearish, 1/3 are bullish, and 1/3 seem to be both bearish and bullish. He both likes and dislikes the oils, precious metals, technology and retail. He thinks most investors are confused, but he's been through markets like this before, that's why he's so bearish, and bullish.

Someone asked me in a Comment to a previous blog what effect this market is having on my daytrading. My answer is that my core daytrading system has performed in line with it's equity curve, just chugging along upon it's upward trajectory, seemingly unaware of this dank market. My Buy & Hold stuff is sucking, but this too shall pass.

Meanwhile, lets not forget bird flu is lurking in the wings (literally) and still represents a potential move from doldrums to froth over the course of a multi-month frenzy. One of these days it will begin in earnest and we need to be ready with a basket of ideas that we want to turn into a private jet or second home at the beach, both of which could come in handy in the chaotic conditions of a pandemic.

An hour to go in Tuesday's trading. Looks like Cramer is right.

A

8 comments:

Anonymous said...

Your comments on Cramer are a hoot.
And so true!

Anonymous said...

Good comments on Cramer. I'm surprised no one he trusts has told him to stop the forced facial expressions.

His interviews with CEOs seem to be pretty good (I caught the interview with the CEO of CEPH) and he actually does a decent job when he's a guest on Imus in the Morning. Other than those rare occsasions, he's unwatchable.

Anonymous said...

Remember that VLNC reports earnings next week. Got my fingers crossed!

HH

Anonymous said...

money can be made any time, right now i'm taking a break from trading to watch the USA v. czech rep. i guess money can be made here too, USA odds, 80:1 to win. have a good one. -n8

Allan said...

I share your feelings abour making money, but in sports, as in love, I have no edge as I let my emotions lead and they don't care about money

Ali said...

Dear Allan,

As an unoffical spokesperson for your readers, I do declare that we miss you and hope you're doing well.

Thanks,
Ali

Roger Austin said...

A,

One of my favorite songs in the early sixties was I've Been Everywhere sung by Hank Snow. What I didn't know at the time was that the song was originally written down under. Here's the original version.

"Well, I was humpin' my bluey on the dusty Oodnadatta road,
When along came a semi with a high and canvas-covered load.
"If you're goin' to Oodnadatta, mate, um, with me you can ride."
So I climbed in the cabin and I settled down inside.
He asked me if I'd seen a road with so much dust and sand, I said
"Listen, mate, I've travelled ev'ry road in this here land."

Cause I've been everywhere, man,
I've been everywhere, man.
'Cross the deserts bare, man;
I've breathed the mountain air, man.
Of travel I've had my share, man.
I've been everywhere.

"Been to . . "

I've been to Tullamore, Seymour, Lismore, Mooloolaba,
Nambour, Maroochydore, Kilmore, Murwillumbah,
Birdsville, Emmaville, Wallaville, Cunnamulla,
Condamine, Strathpine, Proserpine, Ulladulla,
Darwin, Gin Gin, Deniliquin, Muckadilla,
Wallambilla, Boggabilla, Kumbarilla,
I'm a killer.

I've been everywhere, man.
'Cross the deserts bare, man;
I've breathed the mountain air, man.
Of travel I've had my share, man.
I've been everywhere.

"Yeah but listen here, mate, have you been to..."

I've been to Moree, Taree, Jerilderie, Bambaroo,
Toowoomba, Gunnedah, Caringbah, Woolloomooloo,
Dalveen, Tamborine, Engadine, Jindabyne,
Lithgow, Casino, Brigalow and Narromine,
Megalong, Wyong, Tuggerawong, Wangarella,
Morella, Augathella, Brindabella, I'm the feller.

I've been everywhere, man.
'Cross the deserts bare, man;
I've breathed the mountain air, man.
Of travel I've had my share, man.
I've been everywhere.

"Yeah, I know that, but have you been to..."

I've been to Wollongong, Geelong, Kurrajong, Mullumbimby,
Mittagong, Molong, Grong Grong, Goondiwindi,
Yarra Yarra, Bouindarra, Wallangarra, Turramurra,
Boggabri, Gundagai, Narrabri, Tibooburra,
Gulgong, Adelong, Billabong, Cabramatta,
Parramatta, Wangaratta*, Coolangatta, what's it matter?

I've been everywhere, man.
'Cross the deserts bare, man;
I've breathed the mountain air, man.
Of travel I've had my share, man.
I've been everywhere.

"Yeah, look that's fine, but how about..."

I've been to Ettalong, Dandenong, Woodenbong, Ballarat,
Canberra, Milperra, Unanderra, Captain's Flat,
Cloncurry, River Murray, Kurri Kurri, Girraween,
Terrigal, Fingal, Stockinbingal, Collaroy and Narrabeen,
Bendigo, Dorrigo, Bangalow, Indooroopilly,
Kirribilli, Yeerongpilly, Wollondilly, don't be silly.

I've been everywhere, man.
'Cross the deserts bare, man;
I've breathed the mountain air, man.
Of travel I've had my share, man.
I've been everywhere.
I've been here, there, everywhere, I've been everywhere.

"Okay, mate, you've been ev'ry place except one,
and ya don't need my help t'get there . . ."

Happy travels and may your journey be the destination.

Roger

curt504 said...

Ok we might be at the bottom and stocks are bouncing.

Any tips on buys at this point?

Not to thwart your good tips but wouldn't it make sense to buy into profitable, cash producting stocks that have been depressed by all the margin call selling of late?

tnx curt