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No trades today...It was a bad start as I accidently deleted my "A" Watchlist...Took me a while to put it back together.
By that time I was busy...so I just watched off/on when I could.
Although I may not appear so...I like to be very organized when I'm trading...That snafu sorta messed me up so I said forget it.
No trades again today...Nothing really looked that great.
I have the IIC 100 for next week and I'll post it tomorrow...However, I've received a few emails recently asking why MTOX is not on my list...
MTOX is not on it again next week...The resaon is that I use more forward looking info than some 100 lists and projections going out 8 quarters don't meet the min. parameters I set up...Doesn't mean it won't go up or that it is not a good co...It just doesn't qualify to make my list.
This ain't gonna be pretty:
S&P, Moody's Mask $200 Billion of Subprime Bond Risk
http://www.bloomberg.com/apps/news?pid=20601087&sid=aIzzx2vC10KI&refer=home
http://www.bloomberg.com/apps/news?pid=20601087&sid=akwNJl8jZulQ&refer=worldwide
IIC 100
YOU CAN VIEW ALL THE CHARTS OF THE IIC 100 AT Stockcharts.com's "PUBLIC CHART LISTS" Simply click the link below:
IIC 100 at Stockcharts.com (http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID1659925)
And don't forget to see our Daily List of MoMo stocks along with Daily IIC 100 New Highs and Weekly Technical Scans Of Select IIC 100 Stocks including "THE CHART OF THE WEEK" at:
http://SharpTraders.com
ALL NEW at http://SharpTraders.com : Weekly list of Cups with Handles posted every Sunday
AND...Mr. Breakout has a SPECIAL FREE OFFER for RealTime Streaming Index charts...Visit
MrBreakout.com (http://MrBreakout.com)
THANKS, DOUG(IIC)
IIC 100 for 7/2/07
BTJ, FTK, TBSI, CROX, SNCR, CRNT, PTT, SLP, RIMM, CYNO, BCSI, GSOL, BPHX, JASO, PRXI, RNO, VDSI, DGIT, MOS, BIDU, CLRK, CNH, ARGN, SPWR, OI, AMZN, GTLS, FRPT, CPLA, ICE, MICC, GIVN, RGR, HHGP, TTEC, DRC, JCG, GPOR, KTEC, GCOM, BEAV, PENX, TEO, BKI, ZOLT, OMPI, PDGI, TESO, NETC, CMG, FMCN, GME, VOCS, FLWS, AMRI, IGLD, FARO, HPGP, UNCA, HTZ, MYS, RRST, CNQR, CBEY, LWAY, MPP, IMA, IFSIA, MKTX, ININ, BW, DV, TMB, EDO, INWK, RIG, NE, FLS, CEVA, PRX, GPX, KALU, AYR, HGRD, WMS, AIR, DO, MYE, PDE, HMSY, BITI, CIEN, GEF, GSF, THE, ELY, XRIT, KSU, FALC, VSCN
By request, here is the IIC 100 in a vertical format:
BTJ
FTK
TBSI
CROX
SNCR
CRNT
PTT
SLP
RIMM
CYNO
BCSI
GSOL
BPHX
JASO
PRXI
RNO
VDSI
DGIT
MOS
BIDU
CLRK
CNH
ARGN
SPWR
OI
AMZN
GTLS
FRPT
CPLA
ICE
MICC
GIVN
RGR
HHGP
TTEC
DRC
JCG
GPOR
KTEC
GCOM
BEAV
PENX
TEO
BKI
ZOLT
OMPI
PDGI
TESO
NETC
CMG
FMCN
GME
VOCS
FLWS
AMRI
IGLD
FARO
HPGP
UNCA
HTZ
MYS
RRST
CNQR
CBEY
LWAY
MPP
IMA
IFSIA
MKTX
ININ
BW
DV
TMB
EDO
INWK
RIG
NE
FLS
CEVA
PRX
GPX
KALU
AYR
HGRD
WMS
AIR
DO
MYE
PDE
HMSY
BITI
CIEN
GEF
GSF
THE
ELY
XRIT
KSU
FALC
VSCN
IIC Top 5 vs IBD Top 5 YTD:
IIC...+40.81%
IBD...-3.26%
IIC Top 10 vs IBD Top 10 YTD:
IIC...+9.16%
IBD...+1.00%
Are you getting your money's worth???
Unfortunately, my creditability has been questioned because many people think that anything offered for FREE is worth about as much as you paid for it...Including some people that are very close to me...So, if you feel like sending me anything...Go right ahead...lol
I'd like to urge everyone to check out my USEFUL LINKS page at http://Sharptraders.com
Even if you are not interested in my Cups w/ Handles, Today's MoMo or my IIC 100 stuff...Even if you don't like me...I'm sure you'll find something of interest in the links on my Homepage and/or my Useful Links page...I've posted over 100 links so far and I have a lot more...Obviously, I don't use most of them but when I find one on my own or that somebody posted I save it so I can share it w/ those that might like it.
PLEASE take some time to check them out...I'd be amazed if anyone didn't find at least a few that they like.
I also have a link up to this forum, with Ernie's permission...Hopefully, some of our members came from my mention.
Took my wife to LAX today...She flew to Idaho till next Saturday...Geez, I sure get a lot of vacations...LOL
Many times I see the signs at LAX saying something to the effect that there may be a Checkpoint...First time I ever actually saw a Checkpoint...We were waved thru...Maybe because I had on my BRIGHT ORANGE REALTICK T-SHIRT???
New-born baby
07-01-2007, 10:50 PM
Took my wife to LAX today...She flew to Idaho till next Saturday...Geez, I sure get a lot of vacations...LOL
Many times I see the signs at LAX saying something to the effect that there may be a Checkpoint...First time I ever actually saw a Checkpoint...We were waved thru...Maybe because I had on my BRIGHT ORANGE REALTICK T-SHIRT???
They waved you through? What more proof do we need that Homeland Security has gone completely to pot. You--the very same man that they forbid to fly on an airplane just two years ago! Oh yeah, I remember you give us MM-types the schpill that it was actually your evil-twin brother "Mr. Breakdown", you said. SSSSUUUUUUUUUURRRRRREEEEEE, Doug. SSSSUUUUUUURRRRRRRRREEEEEEEEEEEEEE.
lol
So I take it that you are "cleared to fly" again, eh?
By the way, great stuff you post. You are simply an incredible guy. Mr. Stock Market Encyclopedia. Thanks for all you do.
They waved you through? What more proof do we need that Homeland Security has gone completely to pot. You--the very same man that they forbid to fly on an airplane just two years ago! Oh yeah, I remember you give us MM-types the schpill that it was actually your evil-twin brother "Mr. Breakdown", you said. SSSSUUUUUUUUUURRRRRREEEEEE, Doug. SSSSUUUUUUURRRRRRRRREEEEEEEEEEEEEE.
lol
So I take it that you are "cleared to fly" again, eh?
By the way, great stuff you post. You are simply an incredible guy. Mr. Stock Market Encyclopedia. Thanks for all you do.
Good memory...But they musta caught my EVIL TWIN...I've been off the NO FLY LIST for a while...Actually, I suspect those TSA Fly Girls just wanted to pat me down...But we'll really never know
On Tuesday, July 3, 2007, NASDAQ will close at 1:00 p.m., Eastern Time (ET), and will conduct a modified extended-hours session until 5:00 p.m., ET. Most NASDAQ systems will close three hours early.
in light...WLSC...lo 24's
bot INWK 17.20's
I got stopped out of INWK -.69 while I was gone
Happy Independence Day Everyone!!!
http://bestsmileys.com/fireworks/9.gif
Will miss the whole market day on Thursday...Good Luck
I'm a bit concerned with the lack of vol. on PFWD...took some off the table for +.80
Article on MR: http://biz.yahoo.com/seekingalpha/070706/40255_id.html?.v=1 (http://biz.yahoo.com/seekingalpha/070706/40255_id.html?.v=1)
VDSI breaking out on volume.
VDSI breaking out on volume.
Nice move...
FBI Probes Goldman Sachs Threat Letters
Death Threats Target Home of Wall Street's Biggest Bonuses
http://www.abcnews.go.com/US/story?id=3351832&page=1
.
IIC 100
YOU CAN VIEW ALL THE CHARTS OF THE IIC 100 AT Stockcharts.com's "PUBLIC CHART LISTS" Simply click the link below:
IIC 100 at Stockcharts.com (http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID1659925)
And don't forget to see our Daily List of MoMo stocks along with Daily IIC 100 New Highs and Weekly Technical Scans Of Select IIC 100 Stocks including "THE CHARTS OF THE WEEK" at:
http://SharpTraders.com
ALL NEW at http://SharpTraders.com : Weekly list of Cups with Handles posted every Sunday
AND...Mr. Breakout has a SPECIAL FREE OFFER for RealTime Streaming Index charts...Visit MrBreakout.com (http://MrBreakout.com)
THANKS, DOUG(IIC)
IIC 100 for 7/9/07
BTJ, FTK, TBSI, SLP, BPHX, CROX, SNCR, CRNT, PTT, BIDU, CYNO, BCSI, ARGN, SPWR, GTLS, JASO, FRPT, PRXI, RNO, VDSI, DGIT, MOS, CNH, RIMM, GSOL, MICC, KTEC, OI, AMZN, PENX, LWAY, ULTR, CLRK, RRST, ICE, RGR, HHGP, CPLA, DRC, JCG, BEAV, ZOLT, OMPI, NETC, TTEC, GME, FLWS, GCOM, PDGI, TMB, GIVN, MR, AMRI, BKI, TESO, CMG, IGLD, TEO, HPGP, MKTX, PRX, FARO, CBEY, MYS, RIG, IMA, HTZ, NE, CNQR, CEVA, KALU, MPP, EDO, FMCN, BW, FLS, DO, DV, AIR, VOCS, ESLT, UNCA, HC, THE, HXM, VPRT, EGO, GPX, INWK, PDE, IFSIA, GSF, ELY, GEF, ININ, AYR, SDTH, WMS, KSU, HMSY
By request, here is the IIC 100 in a vertical format:
BTJ
FTK
TBSI
SLP
BPHX
CROX
SNCR
CRNT
PTT
BIDU
CYNO
BCSI
ARGN
SPWR
GTLS
JASO
FRPT
PRXI
RNO
VDSI
DGIT
MOS
CNH
RIMM
GSOL
MICC
KTEC
OI
AMZN
PENX
LWAY
ULTR
CLRK
RRST
ICE
RGR
HHGP
CPLA
DRC
JCG
BEAV
ZOLT
OMPI
NETC
TTEC
GME
FLWS
GCOM
PDGI
TMB
GIVN
MR
AMRI
BKI
TESO
CMG
IGLD
TEO
HPGP
MKTX
PRX
FARO
CBEY
MYS
RIG
IMA
HTZ
NE
CNQR
CEVA
KALU
MPP
EDO
FMCN
BW
FLS
DO
DV
AIR
VOCS
ESLT
UNCA
HC
THE
HXM
VPRT
EGO
GPX
INWK
PDE
IFSIA
GSF
ELY
GEF
ININ
AYR
SDTH
WMS
KSU
HMSY
IIC Top 5 vs IBD Top 5 YTD:
IIC...+56.30%
IBD...+10.94%
IIC Top 10 vs IBD Top 10 YTD:
IIC...+21.68%
IBD...+11.00%
Cleaning house...out the rest of PFWD +.62...out the rest of SIMO +1.20...out WLSC -.40
billyjoe
07-09-2007, 01:24 PM
Doug,
Thanks for bringing ICOC to my attention. Just sold at 12 for a 19% profit in 17 days in son's Roth IRA.
------------billyjoe
Doug,
Thanks for bringing ICOC to my attention. Just sold at 12 for a 19% profit in 17 days in son's Roth IRA.
------------billyjoe
Nice billy...made more than I did...too bad I didn't hold...would've made 100%.
Also, looks like I sold SIMO too early...but can't complain
IIC Top 5 vs IBD Top 5 YTD:
IIC...+56.30%
IBD...+10.94%
IIC Top 10 vs IBD Top 10 YTD:
IIC...+21.68%
IBD...+11.00%
IIC, I admit I'm new to viewing your thread, so if this information is provided somewhere I apologize....but, I see that your top 5 is beating IBD's top 5 and yet I've only seen you post 100 stocks from a watch list. Is your top 5 the top 5 in that list?
IIC, I admit I'm new to viewing your thread, so if this information is provided somewhere I apologize....but, I see that your top 5 is beating IBD's top 5 and yet I've only seen you post 100 stocks from a watch list. Is your top 5 the top 5 in that list?
Yes...they are listed in descending order 1-100
Bot Hees.....
out HEES +.71.........
Not lookin' too hot:
http://img125.imageshack.us/img125/8497/naz1sc4.png (http://imageshack.us)
IGTE eps: http://www.igate.com/News/corporate_news/iGS-Results-Q1FY08.pdf
BOT CTXS hi 34.20's
out CTXS +.35
bot SWKS 7.80's
out SWKS +.16...I'm outta time...will miss the rest of the day
Bummer...Can't win 'em all...I got stopped out of IGTE
while I was gone -6%
in PSUN 22.30's
PSUN not lookin' so hot right here...but I'll give it a little more room
out SAY +.81...out PSUN -.37
light buy SIMO in 27 teens
Got sidetracked and didn't make it to the office till after 5pm PDT so I still have AMAT and SIMO...although I would've kept SIMO anyway as it was...But AMAT closed 2 cents below my mental stop
IIC 100
YOU CAN VIEW ALL THE CHARTS OF THE IIC 100 AT Stockcharts.com's "PUBLIC CHART LISTS" Simply click the link below:
IIC 100 at Stockcharts.com (http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID1659925)
And don't forget to see our Daily List of MoMo stocks along with Daily IIC 100 New Highs and Weekly Technical Scans Of Select IIC 100 Stocks including "THE CHARTS OF THE WEEK" at:
http://SharpTraders.com
ALL NEW at http://SharpTraders.com : Weekly list of Cups with Handles posted every Sunday
Also...Please check out an independent review of the IIC 100 at:
U. S. Stock Screens (http://www.stock-screens.us/blog/iic100/)
AND...Mr. Breakout has a SPECIAL FREE OFFER for RealTime Streaming Index charts...Visit MrBreakout.com (http://MrBreakout.com)
THANKS, DOUG(IIC)
IIC 100 for 7/16/07
BTJ, AFSI, BIDU, FTK, BCSI, TBSI, KMGB, BPHX, CROX, SNCR, CRNT, PTT, RIMM, CYNO, GSOL, SLP, AMZN, GTLS, PRXI, PENX, JASO, FRPT, CNH, MICC, ARGN, SPWR, GPOR, OI, RNO, DGIT, VDSI, ZOLT, MOS, ULTR, RGR, CLRK, ICE, IGLD, KTEC, LWAY, HHGP, RRST, DRC, JCG, AMRI, BEAV, BKI, OMPI, NETC, TTEC, CPLA, VSCN, NSH, PDGI, GIVN, MR, CMG, GME, TMB, LDK, FMCN, CNQR, HPGP, GCOM, MKTX, TDG, TESO, FARO, FLWS, MYS, CEVA, IMA, MPP, IFSIA, RIG, CBEY, TEO, DV, EDO, NE, VOCS, ESLT, CIEN, HTZ, SJR, FLS, KALU, PCS, DO, BW, ININ, GPX, PDE, GEF, HXM, SRSL, GSF, HC, HWK, XRIT
By request, here is the IIC 100 in a vertical format:
BTJ
AFSI
BIDU
FTK
BCSI
TBSI
KMGB
BPHX
CROX
SNCR
CRNT
PTT
RIMM
CYNO
GSOL
SLP
AMZN
GTLS
PRXI
PENX
JASO
FRPT
CNH
MICC
ARGN
SPWR
GPOR
OI
RNO
DGIT
VDSI
ZOLT
MOS
ULTR
RGR
CLRK
ICE
IGLD
KTEC
LWAY
HHGP
RRST
DRC
JCG
AMRI
BEAV
BKI
OMPI
NETC
TTEC
CPLA
VSCN
NSH
PDGI
GIVN
MR
CMG
GME
TMB
LDK
FMCN
CNQR
HPGP
GCOM
MKTX
TDG
TESO
FARO
FLWS
MYS
CEVA
IMA
MPP
IFSIA
RIG
CBEY
TEO
DV
EDO
NE
VOCS
ESLT
CIEN
HTZ
SJR
FLS
KALU
PCS
DO
BW
ININ
GPX
PDE
GEF
HXM
SRSL
GSF
HC
HWK
XRIT
If you are an IBD'er then I assume you are waiting for the market to tank...Problem is...We don't know when it will happen...But, although I'm not much of a Canslimmer anymore...I can see it will happen again circa late August 1987.
I'm not gonna post proprietary IBD info...But, I will tell you to look at their A/D stats...I strongly recommend that you pay attention if you are long.
IIC Top 5 vs IBD Top 5 YTD:
IIC...+55.58%
IBD...+9.59%
IIC Top 10 vs IBD Top 10 YTD:
IIC...+20.90%
IBD...+12.11%
I read in IBD the other day that the IBD 100 was +29% YTD...If that is true I'm gonna assume that by the time they make the Top 10 that they have already made their move???
However, although I have no stats to back this up... I recommend that CS'ers check out those that appear on both the IIC 100 AND the IBD 100 along with the NEW ADDS on both lists...Best, Doug(IIC)
billyjoe
07-14-2007, 09:09 PM
Doug,
How about those appearing on both IIC 100 and cup w/handle list?
----------billyjoe
billyjoe
07-14-2007, 09:14 PM
Doug,
Have you ever seen IBD explain how they come up with their IBD 100 performance numbers or can slim numbers? I mean an explanation of calculation that could be tracked by anyone other than IBD. I know Hulbert's checks out newsletter performance and says most of them are very creative in determining their success.
-------------billyjoe
Doug,
Have you ever seen IBD explain how they come up with their IBD 100 performance numbers or can slim numbers? I mean an explanation of calculation that could be tracked by anyone other than IBD. I know Hulbert's checks out newsletter performance and says most of them are very creative in determining their success.
-------------billyjoe
I've given it a half-hearted try...I can't figure it out...
Reminds me of a saying my Dad always told me:
Lier's Figure...but figures NEVER lie...Does that apply to IBD???...Heck if I know
riverbabe
07-15-2007, 12:56 AM
I can see it will happen again circa late August 1987.
I remember going white-faced to my husband with the news that the Dow had just dropped over 500 points! Almost unheard of then. He said, "don't worry, it will come back. I'm not doing anything here." Taught me a valuable lesson, even though I was not invested at all then. River
Doug,
How about those appearing on both IIC 100 and cup w/handle list?
----------billyjoe
Don't know Billy.
But I think that people should pay attention to those on both the IIC 100 and IBD 100. I don't post the combo list because I don't feel like hearing from IBD...But for those that have access to the IBD 100 you can easily copy them from their site in .xls...then you can copy my vertical list of the IIC 100. Paste them in an .xls column and sort alpha...You can then easily see the duplicates.
I've never tracked the combo list but I'd say those would be worth checking out...This week there are 20 duplicates.
billyjoe
07-15-2007, 11:13 AM
The IBD 100 list was warping my investing thoughts. Now if I post on a stock that happens to be on their list, it's just a coincidence. We can come up with as good or better prospects than IBD.
-------------billyjoe
I remember going white-faced to my husband with the news that the Dow had just dropped over 500 points! Almost unheard of then. He said, "don't worry, it will come back. I'm not doing anything here." Taught me a valuable lesson, even though I was not invested at all then. River
I was in cash by the beginning of September 1987...I was starting to doubt myself but I took the advice of those that knew better than I.
The Naz chart doesn't resemble the 1987 chart at this point and maybe it never will...But, if people can put up with +4% eps on the SP 500(yoy % increases have been steadily dropping) and all the economic mess we are in then I don't know what to say...Maybe the foreign growth is keeping us going???
But as somebody said..."The markets can act irrational longer than you can remain solvent". So in the meantime I'm just playing it short term and going w/ the flow.
http://img179.imageshack.us/img179/8445/naz87ae8.png (http://imageshack.us)
The IBD 100 list was warping my investing thoughts. Now if I post on a stock that happens to be on their list, it's just a coincidence. We can come up with as good or better prospects than IBD.
-------------billyjoe
Well, in IBD's defense, I've never heard them say that you should buy a stock just because it is on the IBD 100...I'd say the IBD 100 is just a list of ideas...just like my IIC 100...There are many times that I'd like to manually delete a stock on my IIC 100...but I don't...it is just the results of a mechanical scan...But I happen to believe that my IIC 100 is more forward looking overall and the results the past year and a half plus have so far proven me right.
If you are an IBD'er then I assume you are waiting for the market to tank...Problem is...We don't know when it will happen...But, although I'm not much of a Canslimmer anymore...I can see it will happen again circa late August 1987.
I'm not gonna post proprietary IBD info...But, I will tell you to look at their A/D stats...I strongly recommend that you pay attention if you are long.
I didn't know IBD was waiting for the market to tank? I read the big picture daily and it seems pretty positive. Many others seem like they've been negative for the last few months, but IBD has kept me in the market.
Are you referring to the A/D stats for the indices? I do find it a little curious that the Naz and the IBD100 don't have higher ratings, but I guess that's probably due to lower volume on these recent increases.
riverbabe
07-15-2007, 12:30 PM
But as somebody said..."The markets can act irrational longer than you can remain solvent". So in the meantime I'm just playing it short term and going w/ the flow.
Sounds very wise to me. Even my "real broker" has just bought some QIDs for me. River
I didn't know IBD was waiting for the market to tank? I read the big picture daily and it seems pretty positive. Many others seem like they've been negative for the last few months, but IBD has kept me in the market.
Are you referring to the A/D stats for the indices? I do find it a little curious that the Naz and the IBD100 don't have higher ratings, but I guess that's probably due to lower volume on these recent increases.
IBD has not said so...Yes, I am talking about the overall Accumulation/Distribution which has been on a 7 year downslide...But in particular I'm looking at this latest run since March...The falling accumulation makes this rally suspect IMO
As far as the Big Picture...It seems to me that there are a lot of contradictions if you recall what they say from day to day...As far as I'm concerned they go with the wind...Which is OK for day and swing traders...But I'd think a true canslimmer is at least an Intermediate term investor???
out SIMO from Friday +1.77
out SIMO from Friday +1.77
Looks like I accidently called the top...Well, I always say "I'd rather be lucky than good"...LOL
Today's MoMo w/ an hour and 15 mins left:
ARTW, MHJ, ELON, NILE, SMTX, VSR, CKSW, LPHI, MDII, ACY, SIF, MXE, KMGB, TO, ASTI, ASYS, CPHD, PED, KTEC, SVLF, SBEI, LWAY, SGR, AZC
In BRKS lo 18's thru 20ema
Held over OPSW and BRKS...still have AMAT and half of MR
MACD 5,20,10 Crossovers that also got a Par Sar Buy Signal today:
AIG, CASY, CHRW, CPHD, CRWN, CTRN, FBP, FLIR, GEOY, GIL,
JRC, MBRX, OPSW, PNX, STRL, TCB, TROW, TSYS, TTMI
http://stockcharts.com/charts/candleglance.php?AIG,CASY,CHRW,CPHD,CRWN,CTRN,FBP, FLIR,GEOY,GIL|B|A10,20,5
http://stockcharts.com/charts/candleglance.php?JRC,MBRX,OPSW,PNX,STRL,TCB,TROW,T SYS,TTMI|B|A10,20,5
MACD 2,13,12 Crossovers that also got a Par Sar Buy Signal today:
AFN, BIOV, CODI, CPHD, FLIR, GIB, OPSW, RSTO, TAP, TFSM
http://stockcharts.com/charts/candleglance.php?AFN,BIOV,CODI,CPHD,FLIR,GIB,OPSW, RSTO,TAP,TFSM|B|A2,13,12
billyjoe
07-17-2007, 01:50 PM
Doug,
You're should start IIC's Winners Watchlists 2 . This thread is taking longer and longer to access.
-------------billyjoe
Doug,
You're should start IIC's Winners Watchlists 2 . This thread is taking longer and longer to access.
-------------billyjoe
I don't know...accessing this thread doesn't take any longer than any other thread for either one of my computers
Out BRKS from yesterday +.74
Out BRKS from yesterday +.74
My crystal ball was wrong...didn't think BRKS would pass the f/p which was 18.89
riverbabe
07-17-2007, 04:18 PM
I don't know...accessing this thread doesn't take any longer than any other thread for either one of my computers
I have to agree with billyjoe. Think I mentioned the same to you several months ago. Nothing has changed. River
I have to agree with billyjoe. Think I mentioned the same to you several months ago. Nothing has changed. River
Sounds like a localized Mid-East problem...Anyone else?
PS: I mean Mid-East United States
Will probably miss the rest of the day...Good luck
Leading Indicators at 10am EDT
An index intended to show the economy's future direction declined by 0.3% in June to 137.5, according to preliminary estimates by the Conference Board.
The Conference Board, a private research group, said Thursday that its composite index of leading indicators declined in June after a revised 0.2% increase in May.
The June reading for the leading index contrasted with the 0.1% median decrease estimate of 22 economists surveyed by Dow Jones Newswires.
The index was equal to 100 in 1996.
The Conference Board noted that the biggest negative contributors, in order, included building permits, average weekly initial claims for unemployment insurance, consumer expectations, vendor performance and interest rate spread.
Also, three of the 10 indicators that make up the leading index showed improvement in June. The largest positive contribution came from average weekly manufacturing hours, manufacturers' new orders for nondefense capital goods and stock prices.
The composite index of coincident indicators also increased by 0.2% to 124.2 in June, after a downwardly revised 0.1% increase in May.
The index of lagging indicators increased by 0.5% in June to 129.2 after an upwardly revised 0.3% increase the month before.
The Conference Board is a non-profit research and business membership group that computes the composite indexes from the U.S. Department of Commerce.
out RPM +.22...had it for a few days
MSFT in past f/p of 31.17
Hi Vol A/H Action:
Symbol Last Change Change % Volume
AMD 16.5 0.72 4.56% 12,093,500
QQQQ 50.24 -0.08 -0.16% 11,622,777
IWM 84.55 0.04 0.05% 8,903,800
MSFT 30.88 -0.63 -2.00% 8,164,828
SPY 154.86 -0.21 -0.14% 5,516,300
SNDK 59.4 3.44 6.15% 5,108,976
GOOG 506.99 -41.6 -7.58% 4,430,963
WB 51.36 -0.25 -0.49% 3,824,000
INTC 25.09 -0.17 -0.67% 2,413,408
DELL 29.19 UNCH UNCH 2,400,303
ATML 5.85 UNCH UNCH% 2,243,416
CHTR 4.86 0.06 1.25% 2,183,600
KFT 36.3 -0.03 -0.08% 2,155,300
SVM 15.34 -0.01 -0.07% 2,104,100
KRE 44.76 -0.04 -0.09% 2,000,000
APOL 62.82 UNCH UNCH 1,835,211
MET 63.05 UNCH UNCH 1,641,400
BRCM 34.58 0.59 1.74% 1,638,704
TGT 68.83 -0.06 -0.09% 1,599,100
SUNW 5.36 -0.04 -0.74% 1,488,706
STI 86.38 -0.15 -0.17% 1,424,500
CVS 35.69 UNCH UNCH 1,190,200
XLF 36.05 -0.03 -0.08% 1,143,100
STZ 23.14 -0.07 -0.29% 1,096,200
HLTH 13.2 UNCH UNCH% 1,060,959
UTX 77.21 0.03 0.04% 1,031,600
CMCSA 28.97 UNCH UNCH% 1,019,685
EBAY 33.3 -0.2 -0.60% 1,009,967
ORCL 20.6 UNCH UNCH 1,005,104
GILD 39.5 -0.92 -2.28% 971,961
EFD 35.4 UNCH UNCH 933,000
HLT 45.15 UNCH UNCH 893,900
IGT 38.25 0.16 0.42% 888,800
XLNX 27.26 -1.44 -5.02% 860,051
EMC 19.6 -0.12 -0.61% 829,400
RF 33 -0.08 -0.24% 818,400
CBS 34.92 UNCH UNCH 817,200
CSCO 29.94 UNCH UNCH 807,259
SBUX 27.59 -0.12 -0.43% 797,769
EXPE 29.47 0.06 0.21% 779,678
OPSW 10.55 UNCH UNCH 735,039
VSH 17.11 0.03 0.18% 706,600
BRCD 8.1 -0.04 -0.49% 705,125
LYO 46.79 0.04 0.08% 676,700
VRX 17.16 UNCH UNCH 671,400
AAPL 139 -1 -0.71% 669,284
XLK 26.95 0.14 0.52% 641,800
WFR 58.99 0.09 0.15% 623,900
PALM 16.44 UNCH UNCH 620,026
RSP 52.59 -0.06 -0.11% 608,300
sold the rest of OPSW +.43
Bot TPX on rebound
out TPX for pocket change
out TPX for pocket change
Looks like I sold too early
IIC 100 New Highs Today: AMRI DO NE TBSI
Doug, just curious, do you have a post somewhere describing how you determine price targets or stops for your trades? You seem to have something in between a daytrading and swing trading style.
Doug, just curious, do you have a post somewhere describing how you determine price targets or stops for your trades? You seem to have something in between a daytrading and swing trading style.
I have to go out when the market closes...I'll answer tonight or tomorrow
Doug, just curious, do you have a post somewhere describing how you determine price targets or stops for your trades? You seem to have something in between a daytrading and swing trading style.
I see that you joined here in Feb 2007...The beginning of February was when I took a break from trading (except for a few trades thru the end of April).
I took a break for a few reasons...1) I was very busy at work 2) I wanted to study options 3) I made a lot of money in January and traditionally I have not done very well in February.
Anyway, if you had been here before you would have seen that I was mostly a day trader from August 2004...Playing MoMo and News looking for 30 cents a share on many trades.
However, my backround was as a fairly strict Canslimmer from the 70's till early 2000. Did very well overall especially starting when the IBD paper came out in 1984.
But in 2000 I recognized that Canslim was not working very well due to increased volatility...maybe it was just my style that wasn't working. So I started making adjustments until I met my trading partner in 2003.
At that point I started learning some basic technicals and started swing trading a lot (However, I sometimes make a longer term buy).
In April of this year I decided it was time to start getting back in. I was also trying to think of something that I could use to bring more visitors to my site.
I've always liked Cups w/ Handles but I only found them by accident...I figured that quite a few people liked the pattern too but the sites that offer them are rather expensive plus from the trials I subscribed to I found that they offered up some pretty poor patterns for the most part. So I brainstormed and came up with a way to find a lot them on my own....I could actually come up with many more than I do but I've already received a few complaints that I list too many.
I also decided that I would use the CwH's and Patterns of Interest as my own personal watch list and ignore everything else...So far so good as the lists are all I'm trading...It is much easier than tracking news everyday....I will continue unless it stops working at which time I'll adapt accordingly(News plays will always be there)
The Cups w/ Handles can be used by all types of traders/investors...So can The IIC 100...I realize that not many trade like me so in order to make my site more valuable I figure I should offer something for everyone. I don't personally use the IIC 100 myself and I have only used my Today's MoMo list off and on over the years...But some people like them and it only takes a few minutes for me to scan for them.
Back to my current style...Several factors determine how long I hold...If I'm playing the pattern only my time frame will be short...I watch price/volume along with support/resistance and a few technicals...Many times I will sell at the first sign of trouble (which is often a fakeout or natural correction)...If I am familiar with the co. and I like it I may give more leeway... like MR although I've already trimmed for $1.54 at 32.38 ...If I don't like the co. e.g. RPM... I just bail.
It also depends on how much money I invest...which can be quite a wide range...On larger buys(like MR) I will often trim off profits....Sometimes on smaller buys I give more room.
But in general all I try to do with my site is offer up some time saving info so people can use it for their own purposes and styles.
Best, Doug
IIC 100
YOU CAN VIEW ALL THE CHARTS OF THE IIC 100 AT Stockcharts.com's "PUBLIC CHART LISTS" Simply click the link below:
IIC 100 at Stockcharts.com (http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID1659925)
And don't forget to see our Daily List of MoMo stocks along with Daily IIC 100 New Highs and Weekly Technical Scans Of Select IIC 100 Stocks including "THE CHARTS OF THE WEEK" at:
http://SharpTraders.com (http://sharptraders.com/)
ALL NEW at http://SharpTraders.com (http://sharptraders.com/) : Weekly list of Cups with Handles posted every Sunday
Also...Please check out an independent review of the IIC 100 at:
U. S. Stock Screens (http://www.stock-screens.us/blog/iic100/)
AND...Mr. Breakout has a SPECIAL FREE OFFER for RealTime Streaming Index charts...Visit MrBreakout.com (http://mrbreakout.com/)
THANKS, DOUG(IIC)
IIC 100 for 7/23/07
BTJ, FTK, RIMM, TBSI, BCSI, KMGB, SLP, CROX, SNCR, CRNT, CNH, BIDU, BPHX, AMZN, PRXI, PENX, VDSI, RGR, CYNO, GSOL, ARGN, GPOR, KTEC, OI, GTLS, JASO, RNO, PTT, MOS, ULTR, CLRK, AFSI, ISRG, MICC, SPWR, ZOLT, LWAY, LDK, RRST, ICE, IGLD, FRPT, BEAV, AMRI, DGIT, NETC, GME, DRC, OMPI, JCG, FLWS, NSH, HPGP, TESO, CPLA, CNQR, VOCS, MKTX, CMG, MR, TTEC, AMX, MTRX, CIEN, BKI, MPP, PDGI, TMB, GIVN, RIG, FARO, CBEY, GCOM, DO, TDG, EDO, SJR, SRSL, NE, FLS, PCS, DV, CEVA, ININ, IMA, HHGP, GSF, HC, TEO, HTZ, MYS, PDE, FMCN, IFSIA, WFT, PAAS, KALU, HWK, GPX, KSU
By request, here is the IIC 100 in a vertical format:
BTJ
FTK
RIMM
TBSI
BCSI
KMGB
SLP
CROX
SNCR
CRNT
CNH
BIDU
BPHX
AMZN
PRXI
PENX
VDSI
RGR
CYNO
GSOL
ARGN
GPOR
KTEC
OI
GTLS
JASO
RNO
PTT
MOS
ULTR
CLRK
AFSI
ISRG
MICC
SPWR
ZOLT
LWAY
LDK
RRST
ICE
IGLD
FRPT
BEAV
AMRI
DGIT
NETC
GME
DRC
OMPI
JCG
FLWS
NSH
HPGP
TESO
CPLA
CNQR
VOCS
MKTX
CMG
MR
TTEC
AMX
MTRX
CIEN
BKI
MPP
PDGI
TMB
GIVN
RIG
FARO
CBEY
GCOM
DO
TDG
EDO
SJR
SRSL
NE
FLS
PCS
DV
CEVA
ININ
IMA
HHGP
GSF
HC
TEO
HTZ
MYS
PDE
FMCN
IFSIA
WFT
PAAS
KALU
HWK
GPX
KSU
5 Reasons To Sell:
http://www.businessweek.com/investor/content/jul2007/pi20070719_957191.htm
Most ruthless foreclosure states
http://money.cnn.com/2007/07/19/real_estate/foreclosure_by_the_state/index.htm?postversion=2007072012
.
Hello Inflation
Federal Minimum Wage Rising This Week
http://money.aol.com/news/articles/_a/federal-minimum-wage-rising-this-week/20070721184009990001?ncid=NWS00010000000001
IIC Top 5 vs IBD Top 5 YTD:
IIC...+47.16%
IBD...-0.53%
IIC Top 10 vs IBD Top 10 YTD:
IIC...+18.35%
IBD...+7.33%
But in general all I try to do with my site is offer up some time saving info so people can use it for their own purposes and styles.
Best, Doug
Doug, thanks for the explanation and for all the work you put into this!
Doug, thanks for the explanation and for all the work you put into this!
Thank you for your kind words...Best, Doug
Will miss the market today as I have to hit the road shortly after the open...Looks like i picked a good day to do so
QQQQ NDX QLD QID are out of balance right now
QQQQ NDX QLD QID are out of balance right now
QID is up more than NDX
http://www.pritchettcartoons.com/cartoons/earnings.jpg
http://www.pritchettcartoons.com/cartoons/bears.jpg
BOT HOS on b/o
Out HOS +.61
Out HOS +.61
Still like the stock...But I don't like the market...Done for now...Good Luck
Have an AAPL my pretty...LOL
http://images.replacements.com/images/images5/china/C/edwin_knowles_snow_white_the_seven_dwarfs_with_box _P0000014581S0005T2.jpg
http://www.nyse.com/images/press/cb_red_arrow.gifIn the event of a 190-POINT DECLINE in the NYA, all index-arbitrage sell orders of the S&P 500 stocks must be stabilizing for the remainder of the day. Collar will be removed if the NYA moves back to within 90 points of the previous days close.
http://www.nyse.com/press/circuit_breakers.html
I see I was stopped out of PRXI -1.55 forgot I even had a stop in
http://artfiles.art.com/images/-/Rick-Egan/Bear-Hug-Print-C10036461.jpeg
Seems a little dead around here (And other places too) since the market is FINALLY acting correctly...I hope most of you are doing some heavy DD...This is a great time for that.
My 1/2 stake in MR was up today and QID looked OK but that 2x thing is obviously a bunch of marketing croc as we learned many months ago.
However...Tomorrow I will have a NEW PAGE on my site which will be a Super Duper Handy Dandy Time Saving Tool for EVERY TRADER/INVESTOR in the World...No matter what style they follow...Actually I will have 2 of them...One developed by our own Mr. Rob...And I want to publically thank him for allowing me to offer his work to everyone.
Good Luck To Everyone...Best, Doug(IIC)
IIC 100
YOU CAN VIEW ALL THE CHARTS OF THE IIC 100 AT Stockcharts.com's "PUBLIC CHART LISTS" Simply click the link below:
IIC 100 at Stockcharts.com (http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID1659925)
ALL NEW!!!...Use our Handy Timesaving List Converter Tool to convert vertical lists to horizontal lists and vice-versa for easy copy/paste into your streamer or scanner at
http://sharptraders.com/_wsn/page8.html
And don't forget to see our Daily List of MoMo stocks along with Daily IIC 100 New Highs and Weekly Technical Scans Of Select IIC 100 Stocks including "THE CHARTS OF THE WEEK" at:
http://SharpTraders.com
CUPS w/ HANDLES at http://SharpTraders.com : Weekly list posted every Sunday
Also...Please check out an independent review of the IIC 100 at:
U. S. Stock Screens (http://www.stock-screens.us/blog/iic100/)
AND...Mr. Breakout has a SPECIAL FREE OFFER for RealTime Streaming Index charts...Visit MrBreakout.com (http://MrBreakout.com)
THANKS, DOUG(IIC)
IIC 100 for 7/30/07
CRNT, BTJ, BIDU, FTK, RIMM, TBSI, BCSI, AMZN, CROX, EXM, SNCR, VDSI, ISRG, CNH, KMGB, SLP, BPHX, KTEC, PRXI, OI, PENX, PTT, LDK, CLRK, SPWR, JASO, DGIT, ZOLT, MOS, ULTR, AFSI, LFL, RRST, CYNO, ARGN, VOCS, GPOR, GTLS, SWIR, CPLA, GME, AMRI, LWAY, OMPI, LAVA, HURN, MR, SJR, GSOL, FLWS, NSH, BEAV, SRSL, IGLD, JCG, CNQR, FRPT, HPGP, BKI, TESO, JNS, GT, CMG, DRC, RIG, IGTE, MTRX, MKTX, MICC, NE, TDG, MPP, PDGI, FARO, CIEN, TMB, GIVN, CADA, FLS, CEVA, EDO, TTEC, IFSIA, GSF, BITI, IMA, MYS, PCS, DO, HTZ, CBEY, GCOM, ININ, GPX, DV, WFT, HWK, TEO, LWSN, NIHD
If you want the IIC 100 in a vertical format, simply copy the list and use our Handy List Converter Tool at http://Sharptraders.com
billyjoe
07-29-2007, 12:57 PM
Doug,
I find your BITI chart very interesting in this market. Volume has dried up and it has so little volatility it's as if a buyout offer has been agreed to yet I don't see any mentioned. Do you have any other info on BITI? Thanks
------------billyjoe
Doug,
I find your BITI chart very interesting in this market. Volume has dried up and it has so little volatility it's as if a buyout offer has been agreed to yet I don't see any mentioned. Do you have any other info on BITI? Thanks
------------billyjoe
I don't know anything about the company...Sorry
IIC 100 vs. IBD 100
Remember last year?...The IIC 100 kicked the IBD 100's butt...However, both reached their peak for the year in 2006 at the end of the first week in May. The IIC 100 just went down a lot less than the IBD 100 for the remainder of 2006.
This year we may both have already reached our peak in July???
IIC Top 5 vs IBD Top 5 YTD:
IIC...+37.24%
YTD Hi was +56.30% on 7/6
IBD...-9.13%
YTD Hi was +10.94% on 7/6
IIC Top 10 vs IBD Top 10 YTD:
IIC...+13.51%
YTD Hi was +21.68% on 7/6
IBD...+0.94%
YTD Hi was +12.11% on 7/13
Now...let's take a look at how those Canslim Whiz Kids are doing over at Duncan-Hurst w/ their CSSGX Mutual Fund...
OK...I'm back...They are +5.7% YTD...Not bad...I'm surprised...Now that puts their total return from 10/4/05 thru 7/27/07 at a WHOPPING 1.9% or annualized at 1.0% since inception...Well, better than losing I guess...What are 6 mo. CD's paying???...Oh...5.45%.
in VSEA....
Trim VSEA +1.22.............
Trim VSEA +1.22.............
out VSEA avg only +.70 out SIGM +.28
Taking a .18 loss...out of ALY
QID up 11.8% since the intraday lo on 7/19
BTW...QID had a .415 distribtion payable on 7/2
riverbabe
07-31-2007, 07:38 PM
BTW...QID had a .415 distribtion payable on 7/2
Hey, my REAL broker has me big time into QID. He's a lot smarter than I am. River
Hey, my REAL broker has me big time into QID. He's a lot smarter than I am. River
He's probably a lot smarter than me too because I've owned QID since just over $57...although my basis now w/ the distribution is about 56.60...I have no illusions about getting all my money back but I can see getting a big chunk of it.
Naz 100 Futures
At 8:18pm EDT...5 day chart although chart time upper right is GMT
http://img75.imageshack.us/img75/3475/56981850zf7.png (http://imageshack.us)
Won't be around much today
out MIPS...lost over 11%...terrible report last night
02-Aug-07 14:21 ET In Play American Home Mortgage tgt cut to $0 from $3 at Friedman Billings (2.56 +1.08) : FBR cuts their tgt on AHM to $0 from $3 after the co announced that it is suspending its common and preferred dividends in order to preserve liquidity. Firm notes that Mgmt also indicated that the disruption in the credit mkts over the past few weeks has caused material write-downs of AHM's loans and security portfolios, resulting in material margin calls with respect to AHM's credit facilities. Firm believes the next announcement will be the liquidation of the co's assets or some type of sale of the origination and servicing platform; however, they do not believe the common shareholders will have any recovery.
riverbabe
08-02-2007, 05:44 PM
02-Aug-07 14:21 ET In Play American Home Mortgage tgt cut to $0 from $3 at Friedman Billings (2.56 +1.08) : FBR cuts their tgt on AHM to $0 from $3 after the co announced that it is suspending its common and preferred dividends in order to preserve liquidity. Firm notes that Mgmt also indicated that the disruption in the credit mkts over the past few weeks has caused material write-downs of AHM's loans and security portfolios, resulting in material margin calls with respect to AHM's credit facilities. Firm believes the next announcement will be the liquidation of the co's assets or some type of sale of the origination and servicing platform; however, they do not believe the common shareholders will have any recovery.
So let's see: does this mean that you are now subscribing to my favorite and touted web site???? LOL. River
So let's see: does this mean that you are now subscribing to my favorite and touted web site???? LOL. River
Don't pay for stuff I can get for free :D
Check back often to see how much your Net worth is dropping: http://www.housingtracker.net/old_housingtracker/
CRNT...#1 on the IIC 100 last week will drop to # 2...No big deal...It was my # 3 Pick of the Year on 1/1/07 as posted and finally debuted on the IIC 100 on 4/2/07...NOW LOOK...It jumps up from nowhere to # 1 on some other unnamed 100 list...Sheesh!!!...Guess they read more than just Toby's stuff as long as they're here...LOL
IIC 100
YOU CAN VIEW ALL THE CHARTS OF THE IIC 100 AT Stockcharts.com's "PUBLIC CHART LISTS" Simply click the link below:
IIC 100 at Stockcharts.com (http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID1659925)
ALL NEW!!!...Use our Handy Timesaving List Converter Tool to convert vertical lists to horizontal lists and vice-versa for easy copy/paste into your streamer or scanner at:
http://sharptraders.com/_wsn/page8.html
And don't forget to see our Daily List of MoMo stocks along with Daily IIC 100 New Highs and Weekly Technical Scans Of Select IIC 100 Stocks including "THE CHARTS OF THE WEEK" at:
http://SharpTraders.com
CUPS w/ HANDLES at http://SharpTraders.com : Weekly list posted every Sunday
Also...Please check out an independent review of the IIC 100 at:
U. S. Stock Screens (http://www.stock-screens.us/blog/iic100/)
AND...Mr. Breakout has a SPECIAL FREE OFFER for RealTime Streaming Index charts...Visit MrBreakout.com (http://MrBreakout.com)
THANKS, DOUG(IIC)
IIC 100 for 8/6/07/07
FTK, CRNT, BIDU, RIMM, BCSI, TBSI, KMGB, SLP, SNCR, CROX, EXM, FSLR, PENX, PTT, CLRK, BTJ, ISRG, DWSN, AMZN, PRXI, KTEC, OI, TLEO, CNH, CYNO, EDU, FARO, ARGN, SPWR, GTLS, FRPT, JASO, LWAY, ZOLT, OIIM, CMG, LFL, ICE, LDK, DGIT, BRP, MR, ULTR, LAVA, HURN, ABB, DRC, VIP, SRSL, GSOL, GME, VOCS, OMPI, TMB, JNS, AFSI, HMSY, GPOR, IGTE, MICC, MTW, JCG, FLWS, HWK, CIEN, CEVA, BEAV, MKTX, BITI, MYS, CLB, TTEC, NE, AMRI, GCOM, MPP, RIG, GIVN, GPX, CBEY, AG, HPGP, DV, LWSN, OME, WMB, FLS, MTRX, IMA, IFSIA, FMCN, BBBB, CADA, PNNW, DO, WILC, XRIT, LIFC, FNET, NIHD
If you want the IIC 100 in a vertical format, simply copy the list and use our Handy List Coverter Tool at http://Sharptraders.com
http://img187.imageshack.us/img187/6027/indicesmt0.gif (http://imageshack.us)
Rotten to the Core
http://www.supermoneylinks.com/
.
MR blows 'em away :)
I made a decision that if they ran into earnings I would sell 1/2 of what I had left...But they lagged today so I held on.
I've just seen too many run up into earnings and get shot down at the c/c
Who's Excited???
NASDAQ Composite Issues:
Advanced 1,454
Declined 1,629
Unchanged 111
New Highs 37
New Lows 521
http://tal.marketgauge.com/dvmgpro/charts/COCAD12.GIF
Text Of Federal Reserve's Interest Rate Decision
NEW YORK (Dow Jones)--The following is the text of the Federal Reserve's decision on interest rates released Tuesday, Aug. 7:
The Federal Open Market Committee decided today to keep its target for the federal funds rate at 5-1/4 percent.
Economic growth was moderate during the first half of the year. Financial markets have been volatile in recent weeks, credit conditions have become tighter for some households and businesses, and the housing correction is ongoing. Nevertheless, the economy seems likely to continue to expand at a moderate pace over coming quarters, supported by solid growth in employment and incomes and a robust global economy.
Readings on core inflation have improved modestly in recent months. However, a sustained moderation in inflation pressures has yet to be convincingly demonstrated. Moreover, the high level of resource utilization has the potential to sustain those pressures.
Although the downside risks to growth have increased somewhat, the Committee's predominant policy concern remains the risk that inflation will fail to moderate as expected. Future policy adjustments will depend on the outlook for both inflation and economic growth, as implied by incoming information.
Voting for the FOMC monetary policy action were: Ben S. Bernanke, Chairman; Timothy F. Geithner, Vice Chairman; Thomas M. Hoenig; Donald L. Kohn; Randall S. Kroszner; Frederic S. Mishkin; Michael H. Moskow; William Poole; Eric Rosengren; and Kevin M. Warsh.
Bot some ACO
Too busy to watch and I don't really know the company...got out for +.52
Bot ANDE........
out ANDE +1.76
.
QID is almost 4x inverse of NDX...I'll take that as a Bearish Signal and call it a day
My crystal ball says there will be some very bad financial news out within 2-3 weeks...And it will not be pretty...What happened w/ the ECB is only the beginning.
Undoubtedly there will be some up days which will get the masses excited...and subsequently slaughtered...I'd say it is a good time for Longs to take a vacation
Repo Pool:
http://today.reuters.com/news/articleinvesting.aspx?type=bondsNews&storyID=2007-08-10T133249Z_01_N10460512_RTRIDST_0_USA-MARKETS-NYFED-URGENT.XML
Morning MoMo RealTime: EDO SA NUAN GTI
Repo Pool:
http://today.reuters.com/news/articleinvesting.aspx?type=bondsNews&storyID=2007-08-10T133249Z_01_N10460512_RTRIDST_0_USA-MARKETS-NYFED-URGENT.XML
More added after my post...Plus worldwide...SUPER!!!...But what is gonna happen when all these repos become due next week???
Treasury Dept. better keep those presses running 24/7...We are going down!!!
IIC 100
YOU CAN VIEW ALL THE CHARTS OF THE IIC 100 AT Stockcharts.com's "PUBLIC CHART LISTS" Simply click the link below:
IIC 100 at Stockcharts.com (http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID1659925)
ALL NEW!!!...Use our Handy Timesaving List Converter Tool to convert vertical lists to horizontal lists and vice-versa for easy copy/paste into your streamer or scanner at:
http://sharptraders.com/_wsn/page8.html
And don't forget to see our Daily List of MoMo stocks along with Daily IIC 100 New Highs and Weekly Technical Scans Of Select IIC 100 Stocks including "THE CHARTS OF THE WEEK" at:
http://SharpTraders.com
CUPS w/ HANDLES at http://SharpTraders.com : Weekly list posted every Sunday
Also...Please check out an independent review of the IIC 100 at:
U. S. Stock Screens (http://www.stock-screens.us/blog/iic100/)
AND...Mr. Breakout has a SPECIAL FREE OFFER for RealTime Streaming Index charts...Visit MrBreakout.com (http://MrBreakout.com)
THANKS, DOUG(IIC)
IIC 100 for 8/13/07/07
FTK, CRNT, ARGN, VDSI, TBSI, BCSI, FSLR, CROX, LDK, TLEO, SNCR, PTT, BIDU, RIMM, ISRG, DWSN, AMZN, KMGB, SLP, EXM, PENX, JASO, SPWR, PRXI, OIIM, BTJ, CMG, CNH, CEDC, OI, GTLS, IGTE, KTEC, DGIT, MR, CYNO, EDU, ICE, CPLA, JCG, DAR, KAMN, ULTR, HURN, LFL, HMSY, GME, FARO, VOCS, LWAY, CLB, VIP, CIEN, TTEC, CADA, MICC, MORN, GPOR, ECLP, BEAV, LAVA, HANS, SJR, DRC, FLS, MKTX, LWSN, MTZ, RIG, BBBB, GSOL, NE, OMPI, CBEY, GCOM, ZUMZ, DV, JNS, STP, AG, FRPT, BW, BITI, MYS, ICON, LIFC, INWK, IFSIA, HTZ, STKL, IMA, HPGP, AMRI, MPP, AXTI, FMCN, AIR, ESLT, TEO, GIVN
If you want the IIC 100 in a vertical format, simply copy the list and use our Handy List Coverter Tool at http://Sharptraders.com
ninner
08-11-2007, 01:09 PM
My crystal ball says there will be some very bad financial news out within 2-3 weeks...And it will not be pretty...What happened w/ the ECB is only the beginning.
Undoubtedly there will be some up days which will get the masses excited...and subsequently slaughtered...I'd say it is a good time for Longs to take a vacation
Good time to buy some puts on some of the financial companies hey IIC???????
Good time to buy some puts on some of the financial companies hey IIC???????
Might be...But I expect a volatile week...especially the first 3 days...Could be a wild ride and actually the feds just might pump in more...I really don't know...perhaps straggles, strangles, straddles or whatever they are might be in order???
skiracer
08-12-2007, 12:43 AM
i don't think ninner knows either.
ninner
08-12-2007, 03:49 AM
and that is the market is going down alot farther than it is right now and so are the financials...all that garbage money being pumped into the system will just make the markets go down abit slower ...there is alot more trouble ahead..just think the fed pumped all that money in and the S&P 500 is just 6% off of the highs....that is just a little correction...there is alot more crap out there that we dont know yet and probably dont want to know....alot of these financial institutions are in serious trouble!!!...and all the fed did was devalue the US dollar ....which means ...Gold and metals are going alot higher.
Just looked at all the charts in the Naz 100.....Except for a couple, those are some horrible looking charts
“Wednesday marks 45 days before the end of the quarter, the deadline by which most hedge fund investors must notify the funds if they want to redeem their investments.” NYT
As if hedge fund investors do not have enough to worry about, a wave of redemptions could sweep over hedge-land in the next two sessions. Does this mean more funds will announce that since NAVs are incalculable redemptions are halted? If so, market reaction to these announcements may not be favorable.
“Wednesday marks 45 days before the end of the quarter, the deadline by which most hedge fund investors must notify the funds if they want to redeem their investments.” NYT
As if hedge fund investors do not have enough to worry about, a wave of redemptions could sweep over hedge-land in the next two sessions. Does this mean more funds will announce that since NAVs are incalculable redemptions are halted? If so, market reaction to these announcements may not be favorable.
Dear Valued Client:
We'd love to send you your investment back...But we don't know what it is worth, if anything.
Love,
Joe Hedge
riverbabe
08-14-2007, 02:14 PM
Now it's hitting the money market funds!
From www.briefing.com: Follow up on Sentinel Management Group halt of redemptions
"As mentioned [earlier], the mkt has sold off after news that a lesser-known fund, Sentinel Management Group, halted redemptions in a money market fund... For people who are wondering who Sentinel Management Group is...according to a bio posted on gtnews.com, Sentinel has a base of over 150clients with assets under management of $1.5 bln (this bio is dated Oct 2006). So with ~$1.5 bln in assets under mgmt (as of 10/2006), the fund may not be a major player. However, the market was spooked because money market accounts are traditionally thought of as one of the "ultimate safe havens", and this is the first firm to announce it was halting redemptions."
And, "...If [the] market gets hit today and Sentinel becomes the headline news event of the evening, people will be at the banks tomorrow morning moving cash around. To a certain degree, this is good for banks b/c will lead individuals to move money from higher yielding accounts into lower yielding accounts, improving the spread for banks. However, don't think this is good for the market -- and the Fed will need to step in again to calm things down."
Ouch! I bailed on quite a bit this morning for a small overall profit, before the big hit. Good thing. Still have some red ones that need paring. River
billyjoe
08-14-2007, 03:40 PM
River,
CNBC this morning said the worst zipcode in the U.S. for foreclosures started with 44. Mine starts with 44 and it's bad around here but apparently worse in the Cleveland area. People don't want to take a chance to flip a property regardless of how inexpensively they can purchase because population is leaving the area in large numbers.
-----------billyjoe
riverbabe
08-14-2007, 06:08 PM
River,
CNBC this morning said the worst zipcode in the U.S. for foreclosures started with 44. Mine starts with 44 and it's bad around here but apparently worse in the Cleveland area. People don't want to take a chance to flip a property regardless of how inexpensively they can purchase because population is leaving the area in large numbers.
-----------billyjoe
The reason for the foreclosures, IMHO, is that the banks saw an opportunity to lend to an otherwise usually overlooked population in the city at previously favorable rates. They (the banks) reaped the rewards, and the mortgagees could not escape the escalating interest with their variable rates. I know we've had population loss for many years now, but I thought it was mainly because of the (formerly or maybe still) rotten school system, the worst in the whole country. I have to confess I don't read the Plain Dealer (shame on me)! Too depressing and not worth the 50+ cents I would have to spend on it. Flipping in the areas that are affected, again IMHO, wouldn't be able to attract able buyers simply because of...well, the conditions in the areas that are affected. There is some urban renaissance/renewal going on in downtown now, but it's sure no "Chicago" or any number of other cities you could name. So why do I live here? There is only one reason I still live here. I'll be happy to pass that on privately. Riverbabe
Where do I sign up???
http://www.washingtonpost.com/wp-dyn/content/article/2007/08/13/AR2007081301170.html
.
NY Fed Cites Technical Problem In Canceled RP Operation
.
NEW YORK (Dow Jones)--In an unusual move, the Federal Reserve Bank of New York on Wednesday announced an overnight repurchase agreement, then canceled it, and announced again that it was implementing an overnight operation.
The Fed cited technical problems in the canceled operation.
The New York Fed had said earlier that "preliminary estimates suggest that an overnight RP, which would be conducted at the Desk's normal operating time of 9:30 a.m., will be needed to accommodate heightened reserve needs typical on a Treasury mid-quarter refunding date."
It went on to say that "in addition, the Desk stands ready to conduct further operations later in the day if needed."
The central bank's overnight target rate was trading on target at 5.25%. Open market operations are the Fed's tool to achieve its monetary policy objectives, and involve borrowing and buying a mix of Treasurys and other fixed-income securities.
billyjoe
08-15-2007, 12:02 PM
Doug,
It's the fault of "short termism". I wonder who they are talking about.
----------billyjoe
RealTime MoMo: JRJC PED WRSP TBUS ELON VDSI GMO CNH IGTE SGEN WHT
Where is everybody?????????????????????????
There's plenty to talk about...Like how lo we go
spikefader
08-15-2007, 11:47 PM
Where is everybody?????????????????????????
There's plenty to talk about...Like how lo we goWell you know what I think...
Buy buy buy, ye scallywags!
Someone post a poll or sumfin!
Well you know what I think...
Buy buy buy, ye scallywags!
Someone post a poll or sumfin!
Yeah...but you said that yesterday ;)
Today's MoMo Realtime: AUXL
At its usual 9:30 am New York time, intervention time, the Fed awarded $12 billion at its overnight repurchase agreement.
But just saw this: The U.S. Federal Reserve said on Thursday it added $17 billion of temporary reserves to the banking system through 14-day repurchase agreements, in two separate actions.
14 days is very unusal for repo's
My first thot is that the normal 1 and 3 day repos cause too much volatility
What they did last week and what is happening this week was a pretty easy call IMO
Crazy Day...Too much volatility for me...I was tempted a couple times so I got up and left for a little while...Options tomorrow.
Once the credit news becomes old hat maybe we can settle down a little bit.
Inflows/Outflows...For people that pay attention to the useful links on my site you already know this...I watch this closely when I am not in the trading mode anyway...Have you noticed the many imbalances in the Index ETF's the last few weeks?...Espectially the 2x Goal Funds...Pretty crazy IMO.
Pretty obvious that $$$ are going into ETF's rather than individual equities...
Now, what does that tell us???
Aug 15 - Equity Fund Inflows $6.5 Bil; xETFs - Equity Fund Outflows -$2.4 Bil;
Aug 8 - Equity Fund Inflows $9.8 Bil; xETFs - Equity Fund Outflows -$298 Mil;
Aug 15 - Equity Fund Inflows $6.5 Bil; xETFs - Equity Fund Outflows -$2.4 Bil;
Aug 8 - Equity Fund Inflows $9.8 Bil; xETFs - Equity Fund Outflows -$298 Mil; Hmm.
(extra text inserted to satisfy minimum text requirement)
Guess the Feds actually want inflation to rise...they are doing the opposite of what they are supposed to do
Took long enough.....
Home Solutions of America Inc. (HSOA) is able to borrow under its credit facility and has resolved a $21.7 million note issued to a director.
The Dallas-based provider of restoration, construction and interior services issued the note to board member and Executive Vice President Brian Marshall in partial consideration for its purchase of Fireline Restoration Inc.
Home Solutions is in advanced talks with its lenders to receive a waiver to allow funds to be transferred to Marshall if receivables are collected from the Florida Insurance Guarantee Association.
Took long enough.....
Home Solutions of America Inc. (HSOA) is able to borrow under its credit facility and has resolved a $21.7 million note issued to a director.
The Dallas-based provider of restoration, construction and interior services issued the note to board member and Executive Vice President Brian Marshall in partial consideration for its purchase of Fireline Restoration Inc.
Home Solutions is in advanced talks with its lenders to receive a waiver to allow funds to be transferred to Marshall if receivables are collected from the Florida Insurance Guarantee Association.
More on HSOA: http://www.thestreet.com/_yahoo/newsanalysis/homebuildersconstruction/10374797.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA
.
Well...How was I to know that the Feds were gonna put the stock market on welfare???
The Gov't is now trying to bail out the banks for their greed...Where the heck was the Gov't when the predatory lending practices were rampant???
Anyway, I'm sure the Gov't has a few more stupid tricks up their sleeve...Too bad the Feds are giving up on their primary function to help out the banks.
Here is a little cartoon which will appear in Monday's IBD...Normally, I'd post the actual cartoon if it was published by anyone else...But since it appears that WON is a regular reader of my thread I don't want to risk any copyright infringement allegations.
But there is nothing wrong with posting the link to it: http://www.ibdeditorials.com/Cartoons.aspx
.
IIC 100
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IIC 100 for 8/20/07/07
CRNT, BTJ, ARGN, FTK, VDSI, TBSI, ISRG, EXM, BCSI, SLP, SNCR, CROX, FSLR, PTT, BIDU, DWSN, AMZN, KMGB, GTLS, OI, IGTE, TLEO, PRXI, PENX, OIIM, CMG, JRJC, CPLA, CEDC, FARO, SPWR, BGH, JASO, LDK, DGIT, CNH, CADA, EDU, HMSY, KAMN, ICOC, MORN, GME, LWAY, DRC, VIP, JCG, HURN, MR, VOCS, DAR, JNS, TTEC, ZUMZ, CBEY, CIEN, MKTX, MTZ, DV, SJR, MICC, BBBB, ICE, RIG, NE, HANS, CEVA, ECLP, LFL, STKL, FRPT, BEAV, LWSN, LIFC, CLB, ESLT, OMPI, IMA, GCOM, LAVA, AMRI, INWK, IFSIA, WBMD, AG, FALC, SHOR, WMB, DO, TEO, AXTI, GPX, GSF, WFT, HTZ, CBST, AIR, PDE, BOL, TUNE
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Sold NUAN too early +.06 but TRAK worked out +.76
Things are worse than I thought...The biggest one day drop in 20 years on the 3 month T-Bill Discount Rate...You can listen to the Master Technicians if you want...But this seems to be even worse that I thought 4 months ago.
Check $IRX at http://Stockcharts.com
Heck...even IBD agrees with me:
http://www.investors.com/editorial/IBDArticles.asp?artsec=31&issue=20070820
billyjoe
08-21-2007, 09:48 AM
Doug,
Have my fears come true that one day on this thread there will be no momo, no cups w/handles, and no stocks qualifying for the IIC100? Say it ain't so.
------------billyjoe
Doug,
Have my fears come true that one day on this thread there will be no momo, no cups w/handles, and no stocks qualifying for the IIC100? Say it ain't so.
------------billyjoe
There's always MoMo somewhere
Sure dead arond here...Where the heck is everyone???
POINT OF VIEW: Bank Of America Smelled Opportunity In Countrywide Deal
.
The foundation of any financial system is the confidence its participants have that it can function and that it can function efficiently.
And when that confidence begins to wane, it can have far-reaching effects for individuals and companies around the world.
This is of course what has happened in recent months as concerns about the mortgage meltdown in the U.S. have spread beyond our borders. Once thought of as just a problem for the mortgage securities market here, the billions of dollars lost as bad mortgages blew up has created recently a worldwide aversion to anything perceived risky.
The easy money that financed acquisitions dried up. Healthy companies began to have difficulty tapping crucial short-term funds. The mortgage malaise spread from the junky subprime market to the good credit arena - meaning far fewer mortgages are being created, which means far fewer homes will be sold. And don't kid yourself about the importance of this - the housing market is a crucial part of the U.S. economy.
So it was on Wednesday that two major confidence boosters took place. And the financial markets around the world have cheered loudly ever since: a handful of major banks took the symbolic step of borrowing from the Federal Reserve's discount window to show the institutions that are really in need of funds that it is more than okay to do so.
And a major U.S. retail banking institution, Bank of America, took an equity stake in Countrywide Financial Corp., the nation's largest mortgage company that has recently faced a liquidity squeeze. Last week, an analyst at a major Wall Street firm even speculated that Countrywide could be pulled into bankruptcy.
These two confidence boosters are very different, though. The banks going to the Fed clearly did so, perhaps with a little nudge from the Fed, to show the world it is fine to borrow from the discount window. They did so, albeit in small amounts, at a cost greater than where they could borrow elsewhere.
Bank of America wasn't being quite so altruistic. It saw an incredible opportunity. And that of course is what being successful in the financial system is all about - making money and being smart about how you do it.
Countrywide sold to Bank of America $2 billion of convertible preferred securities that carry an annual dividend of 7.25% and are convertible into Countrywide common shares at $18 a share. Countrywide's stock closed Wednesday at $21.82 (the equity infusion was announced a few hours after the market closed).
Granted, to sell a big stake in a company you would likely need to sell it at a discount. And a company facing a liquidity problem needs to sell equity at an even steeper discount. By making these preferreds convertible at a price $3.82 below where Countrywide actually closed, Bank of America not only bought some healthy downside protection but bought the stock at a roughly 18% discount.
And its $2 billion investment at $18 a share rather than $21.82 allows it, upon conversion, to effectively own more stock - roughly 20 million more shares (at the $18 conversion price, the preferreds would turn into about 111.11 million shares of Countrywide. Bank of America becomes a roughly 16% owner of Countrywide).
In addition, Bank of America picks up a healthy annual dividend: about $145 million a year. It's actually worth a little more to Bank of America because the convertibles were structured as equity, not debt. Under tax rules, dividends received by one company from an investment in another are subject to more favorable tax treatment.
If a company owns less than 20% of the stock in another company, it can exclude from its tax calculations 70% of the dividends it received. So, Bank of America gets $145 million in dividends from Countrywide. But under the dividends received deduction rules, it only has to report to the tax authorities 30% of that dividend income, or $43.5 million. So, at Bank of Americas roughly 33% tax rate, it pays taxes of $14.36 million. After tax, the investment provides income of $130.64 million.
If this was interest income, Bank of America would have to pay taxes on the entire amount - roughly $47.85 million in taxes, leaving it with after-tax income of $97.15 million. By crafting this investment as a preferred stock rather than a bond results in more than $30 million of additional income for Bank of America.
(The DRD, by the way, is meant to lessen what is effectively triple taxation. The company paying the dividend does so after it pays taxes. That dividend to the receiving company gets taxed as investment income as well. And then when the receiving company pays a dividend to its shareholders, it gets taxed again).
The flip side of this, of course, is that this financing was more expensive for Countrywide. A company issuing debt can lower the amount of income it reports to the tax authorities by the amount of interest it pays out, effectively lowering its tax obligation. But dividends on equity securities, common or preferred, are paid out after taxes. So, no tax benefit.
But Countrywide didn't really have a choice.
Bank of America got another little concession to help protect its new investment in Countrywide. While Bank of America agreed not to increase its stake in Countrywide or to make a proposal to outright acquire the company, it did receive the right to be able to match any offer a third-party might make for Countrywide, according to a filing Thursday that Countrywide made with the Securities and Exchange Commission.
With some much-needed cash in its pockets, Countrywide can go back to transforming its mortgage model to one that focuses primarily on underwriting high-quality mortgages. What this investment does is shore up its balance sheet and adds some punch to its capital position. What it doesn't do, of course, is remove the short-term risks that have been created in the marketplace - volatile mortgage pricing and lack of liquidity. And that's why Standard & Poor's Thursday left Countrywide on its credit watch list with negative implications.
As I mentioned...I'm going on vacation tomorrow...Be back by Labor Day...Unless my wife pushes me overboard off the balcony ;)
I'll try to check in while I'm gone...Doug
Hello Inflation...The FED added another $17.5 billion today...Keep those presses running
jiesen
08-24-2007, 11:03 AM
It took him a while but I guess Ben Bernanke is finally showing his true colors. They don't call him "Helicopter Ben" for nothing!
IIC 100
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IIC 100 for 8/27/07
CRNT, BIDU, FTK, VDSI, RIMM, TBSI, ISRG, EXM, BCSI, KMGB, SLP, CROX, SNCR, PRXI, PENX, FSLR, GME, DWSN, AMZN, JASO, CNH, CADA, LDK, OI, OIIM, ARGN, CMG, ICOC, VMW, JRJC, SPWR, IGTE, BGH, TLEO, VIP, CEDC, JCG, EDU, ZUMZ, CPLA, LWAY, FARO, GTLS, DAR, PTT, MR, LFL, HMSY, MORN, KAMN, TTEC, HANS, CIEN, VOCS, TEO, CLB, DRC, MICC, GCOM, SJR, ICE, NE, CEVA, MKTX, LAVA, HURN, AMX, RIG, DV, CBEY, ESLT, AG, WBMD, AMRI, BBBB, HTZ, FRPT, BEAV, LWSN, JNS, GPX, WFT, IGLD, ECLP, INXI, DO, SHOR, MTZ, IFSIA, STKL, TUNE, LIFC, NIHD, HRZ, IMA, FALC, GSF, OMPI, AXTI, PDE
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Updated the IIC 100 at Stockcharts this morning and also updated the IIC 100 New Highs and Today's MoMo for Friday 8/31/07 along with the IIC 100 Scans at http://SharpTraders.com ...I'll update this week's Cups w/ Handles and Patterns of Interest on Monday.
IIC 100
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IIC 100 for 9/4/07
CRNT, BIDU, FTK, VDSI, TBSI, RIMM, ISRG, BCSI, EXM, KMGB, SLP, CROX, LDK, SNCR, PRXI, PENX, FSLR, ICOC, GME, JRJC, FARO, GTLS, CATS, BBBB, JASO, PTT, OIIM, CMG, CADA, EDU, ZUMZ, SYNA, CPLA, LWAY, CEDC, OI, BGH, TLEO, CFI, VIP, CNH, VMW, MORN, ARGN, MR, BEAV, DAR, DWSN, LFL, ICE, KAMN, DRC, HMSY, HANS, GCOM, CLB, MICC, VOCS, IGTE, JCG, LAVA, LIFC, SJR, CIEN, AMRI, TEO, SPWR, HURN, RIG, GSF, AG, CEVA, AMX, WFT, STKL, ESLT, FRPT, INXI, DO, NE, CBEY, MKTX, LWSN, GIVN, GPX, BW, WBMD, OMPI, JNS, MTZ, TUNE, DV, AMZN, ECLP, IFSIA, HTZ, FALC, IMA, CELG, IGLD
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First non CwH or PoI trade since April...in ICOC lo 12's for d/t
in ALVR mid 12.20's
out ALVR +.35
billyjoe
09-04-2007, 03:01 PM
Doug,
Wow ! CATS is the cat's meow so far.
-------------billyjoe
First non CwH or PoI trade since April...in ICOC lo 12's for d/t
I was stopped out on ICOC...thank goodness...made .02
Got filled on VDSI off support
Got filled on VDSI off support
out for 1%
EDO...in lo 46's d/t
lost .21 on EDO
riverbabe
09-05-2007, 01:40 PM
Quote:
Originally Posted by IIC
Got filled on VDSI off support
out for 1%
AH HAH!!! Caught you checking in on Rev Shark???!!!!!
Quote:
Originally Posted by IIC
Got filled on VDSI off support
AH HAH!!! Caught you checking in on Rev Shark???!!!!!
LOL...You'll never catch me "Swimming with the Sharks"...Although I do have the book by that name
Bot LDK on p/b 54.40's for dt
Averaged dn...basis 53.82
out LDK...actually made some pocket change overall
Morning MoMo: SA TPX SWHC LDK BVN
IIC 100
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IIC 100 for 9/10/07
CRNT, BIDU, FTK, VDSI, TBSI, RIMM, ISRG, EXM, BCSI, JRJC, AMZN, SLP, SNCR, LDK, CROX, FSLR, PENX, JASO, WX, ICOC, FSTR, DWSN, MR, LWAY, SPWR, OI, ATRO, CATS, OIIM, CMG, CADA, HMSY, CPLA, FARO, GTLS, SWHC, PRXI, CFI, VIP, CNH, KMGB, VMW, EDU, CEDC, BGH, TLEO, PTT, BW, ZUMZ, FCSX, LFL, GIVN, GSF, WBMD, LWSN, JNS, GME, PDE, WFR, GMKT, MORN, HANS, OMPI, INXI, DRC, ARGN, LIFC, RIG, NE, STKL, ESLT, CIEN, BEAV, SJR, VOCS, CBEY, CELG, MICC, BBBB, GIGM, DV, GPX, TUNE, HURN, AMX, IGTE, CEVA, AMRI, DAR, KAMN, WFT, GCOM, DO, LAVA, AXTI, IMA, HPGP, WMB, AG, FALC
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Morning Doug,
I just saw this post and it stopped me short. Nice return on the top 5!! Especially with the market upheaval the past few months, this is very impressive.
Could you tell me how it works? Is it quite simply..."buy" the first 5 in the top 100 list and replace any that fall from top 5 with new top 5's?
Thanks,
Matt
skiracer
09-09-2007, 10:36 AM
Morning Doug,
I just saw this post and it stopped me short. Nice return on the top 5!! Especially with the market upheaval the past few months, this is very impressive.
Could you tell me how it works? Is it quite simply..."buy" the first 5 in the top 100 list and replace any that fall from top 5 with new top 5's?
Thanks,
Matt
Matt,
if you are new to trading you probably don't understand the skewed percentages of what Doug has posted. unless you buy at the proper entry and sell at the proper exit none of these numbers mean you are going to end up with these percentage gains. although these percentages are probably correct, over the year to date period, they don't guarantee anything and doug himself most likely has traded very few of them, if any, for swing trades of any duration. It looks nice and to someone like yourself appears like all you have to do is to buy the top 5 and replace them as they fall out of or enter into his top 5 but believe me it doesn't work like that. you had better go out and build a wide base of technical and fundamental knowledge to enable yourself to analyze any of these stocks and where they are at in their cycles or chart patterns before you buy anything. all of these stocks cycle up and down over the course of a long time period, such as "year to date" and unless you catch them at the right time in the right pattern you are going to end up losing alot more than you gain regardless of what has been posted here.
a much better scenario would be to see the analysis of each individual stock and trade, the planning behind it, and the strategy for each entry, exit, and result of the trade and something more concrete with consistent proven results. besides ibd is a terrible comparison to guage anything by in any market other than MAYBE a full blown bull uptrend.
this list may be a decent starting place to take and research their charts for possible setups and trades but to give a "carte blanche" to the list and buy all of the top 5 stocks without full consideration of numberous other factors is going to turn out to be a bad bet.
Morning Doug,
I just saw this post and it stopped me short. Nice return on the top 5!! Especially with the market upheaval the past few months, this is very impressive.
Could you tell me how it works? Is it quite simply..."buy" the first 5 in the top 100 list and replace any that fall from top 5 with new top 5's?
Thanks,
Matt
Matt...your question has come up before...Below I am pasting an answer I posted on June 6th.
But before I post the old answer I would like to say that the IIC 100 is presented as a List of Ideas ONLY...It is not a list of recommendations...The stocks simply meet the criteria I enter. It is purely mechanical.
The IIC 100 is also a better list in an uptrending market...at one time this year the Top 5 were collectively up 56.30% (July 6th). But since I post it every week regardless of what the indices are doing, the overall results are at the mercy of the market.
Last year only the Top 10 were tracked...The IIC 100 Top 10 was +26.86% last year. However, the high for the year was +34.45% on May 6th.
In reviewing this week's list I was hard pressed to present a Chart of the Week...I almost decided not to post one...However, I picked GIGM as the best of the worst looking charts I have seen this year.
Another thought, which used to be tracked by others, is to take my list and the IBD 100 and concentrate on those that are on both lists. Last week there were 33 and this week there are 31. This week that calculates out to 40% because I have 23 that are under $15. (31 divided by 77).
Unfortunately, I'm not at liberty to post the IBD 100...But if you have access to it you can track the Combo List yourself.
As I say on my Stockcharts.com page:
The IIC 100 is not a list of recommendations...They simply meet some basic criteria...Notably, fundamental criteria. One of my trading philosophies is to watch the best fundamental stocks for a buy when the technicals are right.
http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID1659925
Ski mentions that he does not think the comparison to the IBD 100 is fair. I disagree with him because my list is designed to do better in a Full Blown Uptrend and I believe the IBD 100 is too...So what's the difference???. But there is one thing that gives me an edge IMO...The fact that I include lower priced stocks...For example, CRNT is both an IIC 100 and IBD 100 darling. CRNT debuted on the IIC 100 on April 2nd. It had closed at 5.68 on the previous Friday. As far as I know, IBD has a minimum price of $15 so they missed the approx. 200% increase that I got.
Perhaps a comparison of our Under $10 lists would be good???...But I don't have access to the IBD Under $10 list so I really don't know. But I have wondered why IBD has an Under $10 List and an apparent Over $15 list...What happens to all those in between???
Here is my post on 6/6/07:
Quote:
Originally Posted by Tatnic http://www.mrmarketishuge.com/images/buttons/viewpost.gif (http://www.mrmarketishuge.com/showthread.php?p=82951#post82951)
Doug...how do you figure your returns on your 100 list? Over what period of time and how are substitutions factored in?
I don't calc it...It is done independently by others.
Here is my understanding:
At the beginning of the year all stocks are taken at the open (in the top 5 or 10)...Then the avg. % gain/loss is reported for the week.
The following week (and subsequent weeks) are calc'd that if a stock is new the following week then you use Monday's open...If it is a repeat then you use the previous Friday's close etc...I think the results are compounded.
The problem is (although it is a fair comparison...and they compare against other lists that I'm not at liberty to reveal too) is that in the real world nobody knows which ones will be dropped for the following week until after Friday's close...I could run my IIC 100 scan for the following week in R/T 5 mins before the previous Friday close....I don't do that but even if I did there could be some after hours adjustments...And IBD sure as heck isn't gonna do it....So you can't sell at Friday's close because you don't know which ones will be dropped for next week.
My suggestion...Both lists are only a guide...There's plenty of times when I would like to manually remove some...But I don't since I offer it as a Mechanical Scan ONLY...The comparison is presented ONLY to show that people can get a better list of ideas for free than they can by paying an arm and a leg.
I can say with ABSOLUTE CERTAINTY that the IIC 100 is more forward looking than the IBD 100...I think the last few years prove that...Will it always be?...I don't know...But at least you don't have to pay me to find out...And you NEVER will.
In conclusion...All I'm trying to do is offer people some NEW IDEAS at no charge...Perhaps some day I might charge for something???...But it won't be for the IIC 100.
Thanks For Asking,
Best, Doug(IIC)
Sold 1/4 of MR + $7.58...only 1/4 left...also sold STKL from last week +.18
Took an initial position in JRJC in the 13.70's
For anyone interested...IBD will be offering FREE access to many features at DailyGraphs.com next week from September 17 thru 23. I believe you just go to http://investors.com to gain access starting Monday.
Over 2,000 members here...And not a peep about this that I've seen:
http://www.nytimes.com/2007/09/13/business/13securities.html
Intraday support held...in SGMO 11.80's
IIC 100
YOU CAN VIEW ALL THE CHARTS OF THE IIC 100 AT Stockcharts.com's "PUBLIC CHART LISTS" Simply click the link below:
IIC 100 at Stockcharts.com (http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID1659925)
Don't forget to check the IIC 100 Technical Scans and Cups with Handles at http://SharpTraders.com
Please check out an independent review of the IIC 100 at:
U. S. Stock Screens (http://www.stock-screens.us/blog/iic100/)
THANKS, DOUG(IIC)
IIC 100 for 9/17/07
CRNT, BIDU, ICOC, FTK, VDSI, TBSI, RIMM, EXM, BCSI, JRJC, AMZN, KMGB, SLP, CROX, SNCR, LDK, PENX, FSLR, FSTR, ISRG, VMW, GME, DWSN, LWAY, SPWR, OI, CATS, JASO, PRXI, OIIM, RIG, TLEO, CMG, CNH, MR, SYNA, CPLA, CEDC, CADA, GTLS, ATRO, EDU, BGH, VIP, DAR, DGIT, ZUMZ, CFI, ARGN, DRC, HMSY, FARO, PTT, SWHC, AMRI, WX, CIEN, DV, FMCN, VOCS, KAMN, WFT, HANS, STKL, OMPI, AG, IGTE, CELG, CEVA, BEAV, DO, LIFC, FCSX, BBBB, GCOM, AMX, INXI, LFL, SJR, WBMD, GIGM, GPX, NE, LAVA, LULU, HURN, MORN, WMB, AOB, HPGP, LWSN, TUNE, FALC, STP, WFR, BW, GSF, GMKT, IMA, GIVN
If you want the IIC 100 in a vertical format, simply copy the list and use our Handy List Coverter Tool at http://Sharptraders.com
IIC 100 #1 CRNT will gap: http://biz.yahoo.com/prnews/070917/lnm006.html?.v=1
IIC 100 #1 CRNT will gap: http://biz.yahoo.com/prnews/070917/lnm006.html?.v=1
Gap and Crap...I believe there is reasonable support in the 13.40 area.
So the FED drops 1/4 point tomorrow...So what!?!?!?...The REAL FED rate changes everyday and is already down there:
http://www.federalreserve.gov/releases/h15/update/
.
Intraday support held...in SGMO 11.80's
Wow...Up over 12% today...Unfortunately I had to leave about 1/2 hour after the market opened so I put in a limit sell order...that certainly got taken out...Well, a gain's a gain...IIC
Without reading all the commentary...My first thot about a 50 point reduction is that the FED is telling us that things are worse than even I thought they were.
So interest rates go down...Who benefits? Do you??? Perhaps you do...However, I don't see any immediate benefit on my end...I hardly owe anyone anything anyway...Although, I will look at the deals as I might buy my wife a new car in the next 6 months.
Not for everyone...But on the last 3 cars we bot for her I got pre-approved loans on the Net...Took in the papers and when they asked how much I was planning on putting down I said "NOTHING... I DIDN"T BRING MY CHECKBOOK...I'm