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July 27, 2007


Stock Du Jour (SDS) & Random Observations

Selling from the get-go and it was dramatic enough that my data is screwed up … the only comparably bad day this year I believe was on February 27.

Notable New Lows: Lots of REITs, Bancorps, and Homebuilders as usual … Krispy Kreme (KKD), TradeStation (TRAD), Alaska Air (ALK), Fortress (FIG), UTStarcom (UTSI), Foot Locker (FL), Office Depot (ODP) and OfficeMax (OMX), Tenet (THC), and E*Trade (ETFC).

(I’ll try to sit down this weekend and write a short thing making the case for some stocks to buy here … sentiment is a bit panicky and I see some deeply undervalued stocks out there.)

Notable New Highs: Slim pickings: Apple (AAPL), Crocs (CROX), F5 (FFIV), and Owens Illinois (OI).

I’ll feature a weekly chart of the UltraShort S&P 500 (SDS) … note the spike up back during February’s rout.

SDS

This entry was posted on Friday, July 27th, 2007 at 8:21 am (utc+8) and is filed under Trading and Investing.

6 Responses to “Stock Du Jour (SDS) & Random Observations”

  1. Zen trader said:
    July 27th, 2007 at 8:52 am

    Dear Comrade
    On that special day here is my prayer.
    “God, make it a good day so I help others.
    I never doubted my trading abilities.
    I just had to figure out where my next meal will be coming from.
    Even though I walk through the valley of the shadow of Market’s Hell, I will fear no evil, for you are with me.
    Your bulls and your bears, they comfort me.”

    Maoxian we’re looking forward for you shinning wisdom and selection you would suggest next week.

    Keep up the great work. Your site was refered by Kirk report.
    A devoted reader.

  2. C. Maoxian said:
    July 27th, 2007 at 10:38 am

    Zen: The little “report” I’ll write will be aimed squarely at long-term investors, not my day trading friends, and I’m not sure how wise it’ll be.

    A link from Kirk is like gold and thanks for sticking around. ;-)

  3. Zoomie said:
    July 27th, 2007 at 12:14 pm

    Zen trader: CM is God.

  4. C. Maoxian said:
    July 27th, 2007 at 2:18 pm

    Zoomie: Where do I send the check?

  5. Markus said:
    July 27th, 2007 at 3:30 pm

    Funny, that we see the vol accelerating like this during the summer months.

  6. Zoomie said:
    July 27th, 2007 at 7:32 pm

    CM: To Richard. He takes all the adsense revenue we make at movethemarkets.com anyway. Makes more than I do on my paper route. Bastard ;).

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