Tuesday, October 19, 2010
Monday, October 18, 2010
Friday, October 15, 2010
Thursday, October 14, 2010
Wednesday, October 13, 2010
Tuesday, October 12, 2010
Monday, October 11, 2010
Friday, October 8, 2010
Thursday, October 7, 2010
Wednesday, October 6, 2010
Tuesday, October 5, 2010
Friday, October 1, 2010
Thursday, September 30, 2010
Wednesday, September 29, 2010
BYDDF
Starting a long term position in BYDDF and will be adding periodically. Will update purchase prices and average.
Tuesday, September 28, 2010
TDTN Market Forecast / The Day Trading Network
The market is back to trending upward even if it corrects 30-50 points on the S & P from recent highs of 1148 as of 9/26/10. It will still close the year strong and we do consider this a bull market. How many stocks are at 12 month and all time highs? However, a little correcting is in order before we take on 1200. We do think we close 2010 above 1200.
TDTN
www.TheDayTradingNetwork.com
TDTN
www.TheDayTradingNetwork.com
SQI Rated Strong Buy @ TDTN
The Day Trading Network's Gene Pritchard has issued a Strong Buy rating on shares of SQI, currently trading at 11.06.
TDTN
www.TheDayTradingNetwork.com
TDTN
www.TheDayTradingNetwork.com
Monday, September 27, 2010
Friday, September 24, 2010
Tuesday, September 21, 2010
Monday, September 20, 2010
Friday, September 17, 2010
Thursday, September 16, 2010
Wednesday, September 15, 2010
Tuesday, September 14, 2010
Monday, September 13, 2010
Buffett Rules Out Double-Dip Recession Amid Growth
Buffett Rules Out Double-Dip Recession Amid Growth
Warren Buffett ruled out a second recession in the U.S. and said businesses owned by his Berkshire Hathaway Inc. are growing.
“I am a huge bull on this country,” Buffett, Berkshire’s chief executive officer, said today in remarks to the Montana Economic Development Summit. “We will not have a double-dip recession at all. I see our businesses coming back almost across the board.”
Berkshire bought railroad Burlington Northern Santa Fe Corp. for $27 billion in February in a deal that Buffett, 80, called a bet on the U.S. economy. The billionaire’s outlook contrasts with the views of economists such as New York University Professor Nouriel Roubini and Harvard University Professor Martin Feldstein, who have said the odds of another recession may be one in three or higher.
“I’ve seen sentiment turn sour in the last three months or so, generally in the media,” Buffett said. “I don’t see that in our businesses. I see we’re employing more people than a month ago, two months ago.”
The world’s largest economy grew at a 1.6 percent annual pace in the second quarter, exceeding the median forecast of economists surveyed by Bloomberg News, revised figures from the Commerce Department showed on Aug. 27. U.S. economic growth will slow to 2.5 percent next year from a projected 2.7 percent this year as unemployment above 9 percent tempers consumer spending, according to the median forecast of economists surveyed by Bloomberg News this month.
‘Signs of Life’
Buffett built Omaha, Nebraska-based Berkshire into a $200 billion provider of insurance, energy and luxury goods and services over four decades. The company cut about 20,000 jobs last year as demand for its products declined.
The economy is still recovering and isn’t likely to slip back into recession as “signs of life” appear in the U.S., Bank of America Corp. CEO Brian Moynihan said today at an investor conference.
Buffett, who spoke via video connection to an assembly in Butte, Montana, said U.S. banks were ready to boost lending and encouraged entrepreneurs to seek financing for their business ideas. Berkshire is the biggest shareholder of Wells Fargo & Co., the top U.S. home lender.
‘Night and Day’
“It’s night and day from a year, year and a half ago,” Buffett said. “I know Wells Fargo, they would love to have $50 billion more of loans now. Go in and talk to the banker.”
Buffett amassed the world’s third-biggest personal fortune through decades of stock picks and takeovers. Berkshire’s stake in San Francisco-based Wells Fargo was valued at about $8.2 billion at the end of June. Buffett’s firm also owns $5 billion of preferred stock in Goldman Sachs Group Inc. and more than $1.5 billion of shares in U.S. Bancorp, according to data compiled by Bloomberg.
Berkshire gained $395, or 0.3 percent, to $124,372 at 12:48 p.m. in New York Stock Exchange composite trading. The stock has climbed about 25 percent this year, compared with a decline of 2.5 percent for Wells Fargo and a 9 percent drop for Goldman Sachs.
Warren Buffett ruled out a second recession in the U.S. and said businesses owned by his Berkshire Hathaway Inc. are growing.
“I am a huge bull on this country,” Buffett, Berkshire’s chief executive officer, said today in remarks to the Montana Economic Development Summit. “We will not have a double-dip recession at all. I see our businesses coming back almost across the board.”
Berkshire bought railroad Burlington Northern Santa Fe Corp. for $27 billion in February in a deal that Buffett, 80, called a bet on the U.S. economy. The billionaire’s outlook contrasts with the views of economists such as New York University Professor Nouriel Roubini and Harvard University Professor Martin Feldstein, who have said the odds of another recession may be one in three or higher.
“I’ve seen sentiment turn sour in the last three months or so, generally in the media,” Buffett said. “I don’t see that in our businesses. I see we’re employing more people than a month ago, two months ago.”
The world’s largest economy grew at a 1.6 percent annual pace in the second quarter, exceeding the median forecast of economists surveyed by Bloomberg News, revised figures from the Commerce Department showed on Aug. 27. U.S. economic growth will slow to 2.5 percent next year from a projected 2.7 percent this year as unemployment above 9 percent tempers consumer spending, according to the median forecast of economists surveyed by Bloomberg News this month.
‘Signs of Life’
Buffett built Omaha, Nebraska-based Berkshire into a $200 billion provider of insurance, energy and luxury goods and services over four decades. The company cut about 20,000 jobs last year as demand for its products declined.
The economy is still recovering and isn’t likely to slip back into recession as “signs of life” appear in the U.S., Bank of America Corp. CEO Brian Moynihan said today at an investor conference.
Buffett, who spoke via video connection to an assembly in Butte, Montana, said U.S. banks were ready to boost lending and encouraged entrepreneurs to seek financing for their business ideas. Berkshire is the biggest shareholder of Wells Fargo & Co., the top U.S. home lender.
‘Night and Day’
“It’s night and day from a year, year and a half ago,” Buffett said. “I know Wells Fargo, they would love to have $50 billion more of loans now. Go in and talk to the banker.”
Buffett amassed the world’s third-biggest personal fortune through decades of stock picks and takeovers. Berkshire’s stake in San Francisco-based Wells Fargo was valued at about $8.2 billion at the end of June. Buffett’s firm also owns $5 billion of preferred stock in Goldman Sachs Group Inc. and more than $1.5 billion of shares in U.S. Bancorp, according to data compiled by Bloomberg.
Berkshire gained $395, or 0.3 percent, to $124,372 at 12:48 p.m. in New York Stock Exchange composite trading. The stock has climbed about 25 percent this year, compared with a decline of 2.5 percent for Wells Fargo and a 9 percent drop for Goldman Sachs.
Thursday, September 9, 2010
Wednesday, September 8, 2010
Tuesday, September 7, 2010
Friday, September 3, 2010
Thursday, September 2, 2010
Monday, August 30, 2010
CREE stop revision
CREE stop cancelled. I do not recommend trading without a stop, but I have issues here.
Thursday, August 26, 2010
Wednesday, August 25, 2010
Tuesday, August 24, 2010
Monday, August 23, 2010
Market Action 8/23
Last time the market sold off my timing was impeccable and I made a killer gain in SDS and a nice profit shorting CLF. This time around, I've felt the market was ready to sell off but my timing has not been right. This will happen on occasion. Don't beat yourself over small losses that sometimes occur. Keep those losses small and let your winners run. It's likely I'll get back into SDS tomorrow and maintain my PCLN short as I do feel bearish at the moment.
Saturday, August 21, 2010
Joe Dumars
In recent years, Joe has done some good things, and some not so good things, regarding the handling of his Piston's roster. I hear a lot of criticism of the Chauncy trade, but that was actually one of the good moves that Joe made. The Pistons had a very good run of 6 consecutive Eastern Conference Championships, but you have to remember, Chauncy led teams that lost 4 out of those 6 appearances, or twice as many as they won. In fact, when Chauncy was traded, the Pistons had lost 4 consecutive conference finals, and Billups performed anywhere from poorly to miserably in those series. Any successful GM knows, you have to keep an eye on the birth certificates of your players. The NBA as with most sports leagues is a young man's league, particularly at point guard where speed matters. Chauncy is going to be 36 next season, ancient among point guards. Joe essentially traded him for Ben Gordon, who is going to be 28 and right at the beginning of his prime chronologically. Joe traded Chauncy for cap space, the fact that Iverson was involved for 3/4 of one season is largely if not totally irrelevant to the long term direction of the franchise. The cap space that Joe acquired allowed for the signing of Gordon, which was to essentially trade Billups for Gordon. Do you think, given their current ages, any gm in the association would currently be willing to give up 27 year old Gordon for 34 year old Billups? Not likely, and with each passing day of the calender, the idea of such a trade will grow more laughable. Joe maintained talent level at guard while making the roster younger. I give Joe an A plus on this move. Gordon had a nightmare season with the Pistons last season, but given his body of work, and the especially bad Piston's team he was working with, we'll assume his performance was an aberration. The Chauncy trade was a good thing Joe did.
Bringing back Ben Wallace was a good thing. Ben had his highest field goal percentage ever as a Piston and was once again a rebounding force. He doesn't block shots like he once did, but Ben certainly is back to playing well enough to be a very real asset to this team.
Drafting Austin Daye, Jonas Jerebko and Greg Monroe were good moves. Jerebko blew me away with his rookie performance. I see all-star games in this kid's future, you heard it here first. Daye is a project, but his upside is so immense, he's worth the gamble. Greg Monroe was the pick to make at the Piston's position 7th slot in the draft and I have a sense that this pick will be looked back upon as a very good selection, and that he will out perform some drafted ahead of him. I think Monroe will be our most "Laimbeer like" center since Bill himself. I'm talking about a center that rebounds, passes, and has shooting touch. If Monroe plays with defensive intensity, Joe may have a pulled off a coup here.
Finding Will Bynum was a good move, as was resigning him.
Drafting Darko, not so good. Although I must say that the last time the Pistons played Darko, he was one of the better players on the floor that night. Essentially trading him for Rodney Stucky, not so bad. Stucky is without a doubt the most controversial piece of the Piston's puzzle. 16.6 points, 3.8 rebounds, 4.8 assists on a bad Piston's team at age 24, I have to lean positive with this guy. So, Mike Valenti, we will have to agree to disagree.
How about that Charlie Villanueva? I've seen this guy play well with the Bucks, but what happended to him in the D? I'm guessing Joe will get impatient quickly if Charlie V doesn't pick up his effort considerably.
Man oh man has Joe messed up the handling of Tayshaun Prince and Rip Hamilton. I guess we'll never know what kind of trade discussions Joe has had regarding these guys the last couple years, but he is guilty of the worst kind of NBA sin, holding onto players too long and watching their trade values diminish. I've seen Joe bail himself out of mistakes in the past, let's see if he can work some magic.
Lastly, I've heard some grape-vine stuff concerning Joe himself. Rumor has it that Joe is OUT when the new Piston's ownership takes over, that they'll want to clean house and establish new relationships rather than dealing with Ben Davidson era loyalists.I'm hearing talk of Isiah coming back now that the Davidson riff will not be an issue.
Bringing back Ben Wallace was a good thing. Ben had his highest field goal percentage ever as a Piston and was once again a rebounding force. He doesn't block shots like he once did, but Ben certainly is back to playing well enough to be a very real asset to this team.
Drafting Austin Daye, Jonas Jerebko and Greg Monroe were good moves. Jerebko blew me away with his rookie performance. I see all-star games in this kid's future, you heard it here first. Daye is a project, but his upside is so immense, he's worth the gamble. Greg Monroe was the pick to make at the Piston's position 7th slot in the draft and I have a sense that this pick will be looked back upon as a very good selection, and that he will out perform some drafted ahead of him. I think Monroe will be our most "Laimbeer like" center since Bill himself. I'm talking about a center that rebounds, passes, and has shooting touch. If Monroe plays with defensive intensity, Joe may have a pulled off a coup here.
Finding Will Bynum was a good move, as was resigning him.
Drafting Darko, not so good. Although I must say that the last time the Pistons played Darko, he was one of the better players on the floor that night. Essentially trading him for Rodney Stucky, not so bad. Stucky is without a doubt the most controversial piece of the Piston's puzzle. 16.6 points, 3.8 rebounds, 4.8 assists on a bad Piston's team at age 24, I have to lean positive with this guy. So, Mike Valenti, we will have to agree to disagree.
How about that Charlie Villanueva? I've seen this guy play well with the Bucks, but what happended to him in the D? I'm guessing Joe will get impatient quickly if Charlie V doesn't pick up his effort considerably.
Man oh man has Joe messed up the handling of Tayshaun Prince and Rip Hamilton. I guess we'll never know what kind of trade discussions Joe has had regarding these guys the last couple years, but he is guilty of the worst kind of NBA sin, holding onto players too long and watching their trade values diminish. I've seen Joe bail himself out of mistakes in the past, let's see if he can work some magic.
Lastly, I've heard some grape-vine stuff concerning Joe himself. Rumor has it that Joe is OUT when the new Piston's ownership takes over, that they'll want to clean house and establish new relationships rather than dealing with Ben Davidson era loyalists.I'm hearing talk of Isiah coming back now that the Davidson riff will not be an issue.
Friday, August 20, 2010
Thursday, August 19, 2010
Wednesday, August 18, 2010
Tuesday, August 17, 2010
Several Trades
Long NANO 13.83 Stop 13.50
Out KIDT 9.28 +.37
Out NUVA 32.15 +.23
Out S 4.50 +.16
Out ARNA 7 +.13
Out KIDT 9.28 +.37
Out NUVA 32.15 +.23
Out S 4.50 +.16
Out ARNA 7 +.13
Monday, August 16, 2010
Saturday, August 14, 2010
Detroit Lions
Impossible to say just how the Lions' season will unfold. Avoiding injuries is certainly essential to a winning season, as is the development of young talent. The Lions have a bountiful amount of young talent, comparable on paper to any team in the league. Matt Stafford is as physically gifted as any qb in the last several drafts. Ndamukong Suh is perhaps the most highly regarded defensive lineman prospect since Julius Peppers. Calvin Johnson is a once every 20 years talent at wide receiver. Brandon Pettigrew was far and away the top tight end in his draft class, ditto Louis Delmas at safety. Javid Best some argue was the top rb in his class, certainly the fastest. Lions' fans should be in for several years of very good football as the memory of Matt Millen grows ever more distant. Here's to an NFL playoff contender in Detroit, we deserve it! Please visit www.DetroitLionsChat.com
during tonight's and all the games this season.
during tonight's and all the games this season.
Friday, August 13, 2010
Thursday, August 12, 2010
Wednesday, August 11, 2010
Current Positions
My only position currently is AOL short. Cashed in all other trades at a profit. I suspect that the market is heading lower and can always re-establish shorts soon. Smoke Em When You Got Em in effect. Book your profits and trade well from there, with profit in the bank.
Tuesday, August 10, 2010
SDS Revision
31.04 stop canceled. Will now use a 75 cent trailer based on 31.25. No target, will go with the trailer.
Now Bearish
As a trader, you have to be willing to change on a dime and I've done so and might do so again. The market action of the last few sessions is now making me think we are likely to go down a bit from here in a continuation of "range bound trading" that we have been in for several months. I was hoping to break up and out of it but the 1130 area on the S and P seems very resistent. I'm 100% short now and this may be the case for weeks, or maybe just a day or two.
Monday, August 9, 2010
Market Observation
The S&P stands at 1,121 as of this moment, pre-market Monday 9AM. THE MARKET IS PERFECTLY POSTIONED FOR A BIG DAY AND WEEK. No guarantees with the stock market, but at least it looks very good from a technical and fundamental stand point.
Sunday, August 8, 2010
Tracy McGrady
Pistons are reportedly very interested in T-Mac Tracy McGrady. I have to tell you, I've never been a huge fan of his. T-Mac is kind of a Vince Carter imo. Has never won anything, takes too many ill-advsied shots, defensive intensity can be insufficient. T-Mac is however a much better shooter than Vince. One benefit of Joe D brining in T-Mac is excitement. Seeing T-Mac in a Piston's uniform would be fun. Hell, I had a blast with AI on the Pistons. T-Mac would sell tickets at least initially, and continually if his health holds up. He does add a legitimate outside shooting force, something the Pistons are in short supply of. He'll also come cheaply and is still relatively young at age 31. The downside is that he may miss a lot of games due to injury, may not play well when on the floor, and prove to be a disruptive force. I'll trust Joe D on this one and am willing to give the T-Mac idea a try if he is.
Saturday, August 7, 2010
Friday, August 6, 2010
Out SDS
Out of SDS (pre-market) 31 -.11
Trade trending agaisnt me and bulls seem to have the edge at the moment.
Trade trending agaisnt me and bulls seem to have the edge at the moment.
Thursday, August 5, 2010
Several Trades
Tripling position in MED average 30.97 28.99 stop
Out TEVA 50.50 +2.00
Out CTCT 18.79 +.19
Out RICK 7.56 -1.02
Out TEVA 50.50 +2.00
Out CTCT 18.79 +.19
Out RICK 7.56 -1.02
Wednesday, August 4, 2010
Monday, August 2, 2010
Pre-Market 8/2/10
5am est and futures are pointing up. Still holding longs TEVA RICK CISG CLF YHOO AAPL S. ARNA continuing it's huge upward ascent. I've been maintaining a bullish lean during 2010. While many bearish theories are bandied about and stocks have traded in a range for months, I still lean bullish. My primary bullish logic is corporate profits are very good. Say what you will about unemployment figures or European debt, corporate earnings continue to grow robustly for the majority of publicly trade companies. AAPL is on a historic operational pace in this economy and is clearly a leader of this market.
Hoping for a big week in the market and to take some profits off the table soon. Traveling to Louisville Kentucky this week to pickup my new Persian kitty, looking for good market karma.
Hoping for a big week in the market and to take some profits off the table soon. Traveling to Louisville Kentucky this week to pickup my new Persian kitty, looking for good market karma.
Friday, July 30, 2010
Thursday, July 29, 2010
Wednesday, July 28, 2010
Tuesday, July 27, 2010
Market Action Tues 7/27
Averages started the day up and have drifted lower. I took some profits in longs:
out AAPL 263.46 +21.37 V 76.52 +1.92 AMD 8.13 +.24 AA 11.37 +.17
Grabbed the hedge SDS at 31.75 50 cent stop 75 cent target.
out AAPL 263.46 +21.37 V 76.52 +1.92 AMD 8.13 +.24 AA 11.37 +.17
Grabbed the hedge SDS at 31.75 50 cent stop 75 cent target.
Monday, July 26, 2010
Scherzer Tigers Monday 7/26
Scherzer just gave up a grand slam and the Tigers have not scored a run through 5 innings. Looks like the Tigers are going to be hard-pressed to make the post season.
General Hospital 7/26/10
Is this baby Nikolas's? Can someone explain this baby situation? Who is Maxi going to date now? Who is Brenda going to date?
Market Report 7/26/10 ARNA CLF
Picked up some ARNA today (after hours) at 6.35. It's not easy to find an entry on a stock that is moving around in double digit percentage increments. Picked up some CLF 56.85 in belief that this rally will persist a little longer at least. CLF reporting earnings soon and should break above resistence at that time. Market is poised to continue it's rally and some large up days are likley in the near future. As always, I have to watch for a serious change in trend, but not get shaken from the proverbial stock decline "shake-out" of weak hands. Where does ARNA go from here? I'm not placing a stop because this is a different type of play, so I'm breaking a rule. Don't do this at home. Still holding YHOO @14.62 AMD @ 7.89 RICK @ 8.58 AA @ 11.20 AAPL @ 242 V @ 74.60 CISG @ 24.05
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