After reading the Kristof piece on Howard Dean this morning, I looked a little harder at Dean's background. His father, grandfather,
and great-grandfather were all investment bankers. He grew up on Park Avenue and summered in Sag Harbor. His parents belonged
to the Maidstone Club (a place where Tiger might have difficulty getting a tee time). How much more old WASP can you get?
Posted at 9:36 PM, GMT
And Comtech, another Abnormal Character I dismissed, set up beautifully... that's what a "bear flag" looks like folks, a retracement
in a clear downtrend, lovely stuff, tiny 50 cent risk on entry.
Posted at 9:07 PM, GMT
In hindsight, CVTX (the #1 abnormal character) would have been a little better play, though nothing to write home about on a
risk reward basis.
Posted at 8:57 PM, GMT
Stephen Roach worries about what lurks over the horizon.
I suspect one thing lurking over his personal horizon is a large six figure bonus check for 2003.
"... the authorities reacted to the popping of one bubble by creating other bubbles.
The bill for speculative excesses and global imbalances has yet to be paid."
Posted at 8:46 PM, GMT
Sentiment has gone hard bullish it looks like... scratching it for a couple penny loss ... this triangle
may eventually resolve down but I'm moving on.
Posted at 8:35 PM, GMT
Hmmm, the puppy went to sleep on me, trapped between those key levels all afternoon... I'm gonna scratch out if I can.
Posted at 8:29 PM, GMT
You can see all the game play in NGEN this morning... I'm gonna walk away from it now, keep the p-stop above.
See you in the afternoon, guys.
Posted at 4:50 PM, GMT
People are asking, Chairman, isn't this play countertrend? And the answer is, yeah kinda, it's more like no trend
triangulation / strangulation... playing inside triangles is almost always a bad idea, but I'm gonna sit tight.
Posted at 4:22 PM, GMT
Too many darn people are now reading this site and they're messin' with me, lol.
Posted at 3:58 PM, GMT
Is this bad dog gonna try to bite me? It's growling.
Posted at 3:49 PM, GMT
Watching to see if NGEN starts yanking the chain at 6.14ish, see if the dog refuses to lie down.
Posted at 3:44 PM, GMT
Nice coiling action in CERN....
Posted at 3:43 PM, GMT
P-stop 6.60 NGEN
Posted at 3:34 PM, GMT
NGEN's poking and playing... pay attention.
Posted at 3:33 PM, GMT
CERN, JBLU, NGEN all interesting to look below...
Posted at 3:25 PM, GMT
Tone feels poz so far this morning, bonds selling off a bit after the huge move last Friday. The big gap downers like CVTX and CERN
are interesting though... wait and watch.
Posted at 2:55 PM, GMT
Ha! Another great ticker symbol is on the scanner: DFIB (Cardiac Science, Inc.) I LUV it.
Posted at 2:45 PM, GMT
I was shopping downtown this morning and dealt with a salesgirl who was absolutely drop-dead gorgeous, just stunning. I asked her what
I ask all the beautiful women I deal with in London: So which eastern European country are you from? (She was Latvian.)
Posted at 2:39 PM, GMT
Eyes on these stocks: APPX, BIOM, CVTX, DFIB, JBLU, SNDK, TERN, among others... Reviewing Friday's action (I was away), it looks like
JBLU was a good set-up on the short side, though the risk reward wasn't so great in the end. It's still on my radar screen today.
Posted at 2:04 PM, GMT
Doug Casey writes about the value of free investment advice and explains what happens when the public starts chasing the latest hot sector:
"People don't appreciate free advice -- they can get it from their brother-in-law and ... I have an obligation to those who
do pay for my advice. It's not free. If you want free advice, talk to your brother-in-law."
"The golds now are like the Internets were in 1996. Overpriced, but selling for just a fraction of where they will be in a couple of years."
Doug Casey's archived articles at WorldNetDaily.
Posted at 10:14 AM, GMT
Caroline Baum writes about the problems posed by the Fed's dropping the "considerable period" clause.
"Greenspan created a monster when he crafted a statement to preempt a cyclical rise in long-term rates.
Wall Street and the media have given it two heads."
Posted at 9:39 AM, GMT
Nicholas Kristof writes an excellent explanation of why Dean can't beat Bush in 2004.
"... the Democratic faithful are being not so much high-minded as muddle-headed. Many Democrats so despise President Bush that they
don't appreciate what a strong candidate he will be in November, and they don't grasp how poorly Mr. Dean is likely to fare in
Posted at 9:24 AM, GMT
I have no idea why Dee Dee Bridgewater won a Grammy for her album, Dear Ella. I found it second-rate, at best.
Posted at 9:05 AM, GMT
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