Huh? Well, over the course of their investing/trading life, most traders are lucky if they 1) pick the right stock and direction 2) pick the right price 3) pick the right time to get in and 4) (this is the big one) pick the right time to get out. This only happens more than 50% to [...]
Stocks performed poorly today, with the Dow Jones index down 47 points at 9,496 but off the lows of the day. There’s been a lot of talk about how September is generally a very poor month for the Stock Market, historically. I know that Anand wrote on his previous post that he feels stocks will take a dive of 5% to 10% soon. I don’t completely agree with him on that [...]
More on this later, but China cracked on Friday and the US and other “developed” markets including the US followed suit today. Shanghai has been the leader in the bear market rally from the March low, and it has been down over 20% in four consecutive weekly losses. This bodes ill for the US — [...]
OK…so know to the good stuff. As mentioned, commodities can be tracked by buying ETFs (exchange traded funds) that specialize in agricultural commodities. The most widely utilized and widely traded of these DBA which trades just like any stock and with same commissions. Its an index composed of futures contracts on some of the most liquid and widely traded agricultural commodities [...]
I discovered another interesting stock today called Capital Trust (NYSE: CT). It’s a REIT (Real Estate Investment Trust) with a lot of money in CDO’s. Whenever I think of CDO’s, I think of write-downs, increased allowances for future losses, and charge offs — all very bad things. However, on the bright side, CT has a book value of almost $15 [...]
Ok, I admit that I’m guilty of buying a few of the stocks that have been recently branded by the media as “Dash for Trash”. In particular, I’m referring to MBI, ABK, FRE, FNM. I got into these stocks all fairly early and today, I dumped my last shares of each of these [...]
If you are looking to invest, that is, trade but on a longer time horizon, you need look no farther than China and commodities, specifically, agricultural commodities. But before you read this first of two articles, PLEASE REGISTER YOURSELF so we can keep track of how many are browsing. No spam, I promise.
Let’s break this [...]
It looks like the financial stocks are all taking off today, particularly the ones that haven’t had a run yet. For example, ABK and MBI are both making a nice move up today. Maybe they’re piggybacking off of the explosion of AIG’s stock price since they’re all related to insurance. That’s a [...]
So if you’re watching the hot movers today, you’ll notice that Vonage (NYSE: VG) went absolutely crazy. It jumped 36% on 81 million shares traded and ended at $2.17. What absolutely shocks me is not so much the share price, but that the entire float on Vonage stock was traded today. Vonage [...]
CIT Group (NYSE: CIT) is such an interesting stock. It nearly went bankrupt less than a month ago and though, it’s not out of the woods yet, it offers an interesting opportunity. Yesterday, I bought CIT Preferred A shares around $2.30. I would much rather buy the preferred shares than the common stock because if the company does go under [...]
