Wednesday, July 19, 2006

On the Road Again

Two versions, Willie Nelson and Canned Heat, my favorite, Canned Heat as it came on the radio as I was driving across a bridge into Montreal in the summer of 1971, starting a two-month journey across the Trans-Canada highway to Vancouver, then down the coast to San Francisco, then back across the US to Ann Arbor. Wait, it get's worse, we were camping and eating only brown rice and vegetables. "We" also ended, somewhere east of Salt Lake City. If you ever need to get out of a mistake, take a road trip together.

Next week, another road trip to the Southwest, this time with both daughters. So let's cover some things now, in case I don't get to it in the days ahead.

First of all, Cramer sold a lot of his tech stocks near the lows of this most recent market debacle. Compared to the S&P 500 which is flat YTD, Cramer's portfolio is down 7.5% YTD. Let's take his selling of tech stocks as our first sign that the lows are in.

Second, keep an eye on NNVC. The company seems to be at the beginning of a public relations blitz that may conincide with it's getting off of the Pink Sheets and onto a bona fide exchange. I would be a buyer of strength here, if it's accompanied by decent volume.

Finally, about the geopolitical stuff, I read a pretty convincing analysis once that wars coincide with the end of market declines, not the beginning of declines. This dovetails with the Cramer moves and previous analysis by Dent, Wolanchuk and Dines. In other words, there may be some opportunites on the Long side here, notwithstanding the rockets' red glare.

A

17 comments:

Anonymous said...

had a great run with TIE today after noticing the 4.3M inside buy. thx sally and allan
-n8

Marty said...

Hi Allan,

Saw your recommendation for pandora.com at David's site. Check out http://www.wolfgangsvault.com for some streaming of Canned Heat and others culled from Bill Graham's concerts going way back. Enjoy your trip.

Dick said...

Allan
Thanks for Sally info, it's been very interesting and I am just starting to trade with it.

If you are down in the Laguna beach area again this week try a fish taco at one of the Wahoo restaurants, good stuff. For a better Mexican restaurant try Las Brisos in Laguna, very good with a view of the ocean.

Ronny said...

Allan,what service do you use to provide real time business news?
Thanks,Ron

Allan said...

Ron,

Real time business news is a combination of Briefing.com and CNBC.

A

Konrad said...

Glaxo claims bird flu breakthrough

http://www.cnn.com/2006/BUSINESS/07/26/glaxo.vaccine.reut/index.html

Dick said...

Allan,

I assume you saw the VLNC insider buy. Not small change either

Ronny said...

Hi Allan,how has your day trading been going?
Thanks,Ron

Allan said...

Ron, woke up this mornng in La Jolla....damn is there really a place this beautiful on earth? Daytrading in persepctive - I want this for my backyard.

A

Allan said...

Dick, He's been pounding the table on VLNC with his own money for quite some time, like being on the same side of the this trade with the guy.

A

Anonymous said...

Anyone care to share what their exit strategy for VLNC is/was?

I've been watching it jump up and down all day. Trying to sell at 1.50 but it won't quite tip to the side of the scale yet.

Anyone else still holding with CAMP or GTN? starting to wish I had sold yesterday with camp.

Anonymous said...

Allan,

Hope you are enjoying the views in la jolla. What is your take on PTSC? Do you still hold it? If so, is it worth holding onto in hopes of bouncing up to it's $2 highs? Or is this just another pump and dump which has been pumped one two many times?

Thanks for your help!

Allan said...

Re: PTSC

Still holding, looking for next stage of company development, willing to risk the profits so far that the stock will go much higher, but its a gamble now, tucked away and forgotten.

A

Anonymous said...

The NNVC business plan: "In 3 months we'll have some really big news!" ...3 months later "In 5 months we'll have some REALLY, REALLY big news!!"...5 months later "In 6 months we'll have some REALLY, REALLY, REALLY big news!!!" Game over...the slow bleed to $0.00 is underway.

Anonymous said...

curious as to what people are thinking about IDIX, if they are at all. there is a conference call on the 3rd. -n8

Anonymous said...

So much for the "slow bleed."

Allan, I wish I had taken your advice and paid closer attention to NNVC. Wow, what a day.

Jon

curt504 said...

I wish trueth and DD where avaible for NNVC and PTSC? BullBoards is not a good source for trueth, but the tape is sure saying something is up with NNVC, no?

tnx curt