ManyPeaks.com

I mentioned about two weeks ago that I was buying a pullback in Genentech (DNA).

The chart from that point in time:

Soon after, DNA announced some kind of surprise clinical data on a drug (why I generally stay away from biotech in the first place).. the news was positive, but the stock just went up a […]

Wildman Jim Cramer has been panning homebuilder stocks Lennar (LEN) & Toll Bros (TOL) recently.. and his calls have been generally right on these stocks during their monster multi-year run.
Now, with his show Mad Money, Cramer somehow has enough followers so that the stocks he picks & pans move simply because of his mention. It’s […]

What figure would you expect Winning Percentages to converge around over time ? It’s obvious, but I’ll expound:
In our NFL spread betting competition, I’m still in 2nd place.. but behind a new leader, Larry Lehmann. He made the max bet on Denver last night.. and thus got “paid.”
As a trader who focuses on […]

From the WSJ:
- Janus Capital Group proposed that it switch to performance-based management fees that will let it collect more when its funds do well, and less when they don’t.
For those of you that don’t know, I am intensively considering opening up a money management shop. I would almost exclusively charge fees based primarily […]

Pretty big downside reversal in the markets yesterday.. After the morning euphoria, the Dow went over 100 points off its morning highs.. and negative on the day.. before recovering just a bit into the close.
There were nearly 2500 more advancing stocks than decliners this morning.. That figure hit zero before recovering to 800 at […]

From Bloomberg:
Difficulties securing regulatory approval to expand refinery capacity are a greater barrier to increasing the US supply of gasoline and other fuels than the availability of crude oil, Exxon Mobil CEO Raymond said.
Wow, it took 2 hurricanes for this to be a news item? Even little old me has been talkin about […]

After Hurricane Rita showed us some mercy, we have a classic “Relief rally” on our hands. A 70 point DJIA move is nothing to scoff at.. But technically, this is just a little bounce that has done little to heal the damage done early last week.. at 10,495, we’re still 150 points below last […]

Elizabeth & I just returned from the Green Mountain State, Vermont.. via a scary ride in a relic of a propeller plane.. lots of turbulence, rain, & zero visibility. Schew! The occasion was the wedding of Elizabeth’s super-sweet college friend Ryann to her Australian husband Scott. (Click here for their wedding webpage..)
It was an amazing […]

Debatable issues always have two sides. Personally, I benefit immensely in my career by considering what the guy on the other side of my trade is thinking.. and examining the reasons we each think we are right rather than the other guy.
Our country’s takeover of Iraq falls squarely in the debateable cateogory. So do the […]

I made a pretty rookie mistake on WMT.. only catching about 2 points on my short sale in mid-August, from $47.50 to 45.50.. I was hoping to reload the short on a rally to the $48 area, and was hesistant to sell the little mini-rally that did occur.
While one can’t expect perfection, I obviously must […]