September 22nd, 2009
Anand
Anand (9/27) : I can’t help but be nervous about this rally which is up 50% from the March lows. The price action an breadth has been astounding, but some danger signs still exist. The Chinese market is still consolidating and sitting on the 50 day moving average. RIMM ( a market leader) dumped 17% on Friday on massive volume. BRCM is breaking down on increasing volume. The Dow, Naz, and the Banking Index are all doing fine however, so we need to give the market the benefit of the doubt, even mine!!
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 [...]
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 [...]
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 [...]
