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The markets sold off basically all day, probably because some traders bailed out in anticipation of a repeat of last January — where we sold off very hard for the first half of that usually strong month.
Owning a big batch of small caps and several oil & gas stocks, I did not have a good […]

First it was play-by-play coverage of insane Thanksgiving+1 shopping..
Now the media is proclaiming Monday to be “Round 2″ of the Christmas shopping season, as Americans knock out their record 18.6 billion dollars worth of gift cards.
I still believe the retail excecs are smarter than the average shopper.. they “see ‘em coming”… & price accordingly. If […]

To offset my INFY & CTSH longs, I doubled up on my KBAY short today.. it’s in the same sector, but has an awful looking chart. While the 2 strong stocks are making new highs, this thing languishes near lows. Not good.
I think KBAY is ready for a new leg down, and have […]

The mailman just dropped off a big envelope..
That contained a vintage copy of the 1999 college basketball preview edition of Sports Illustrated !
The most legendary Swamp Dog of them all, Auburn’s Chris Porter graces the cover with his huge smiling mug.
Thank you, Remmy !

Verifone (PAY) is flat gettin’ it done. It’s about time to assault the $27 level.. volume is way above normal.
At 5% of the portfolio, this is one of the bigger positions I’ve ever had.
Long PAY

I recently emailed some of RevShark’s (always insightful) scribblings to my friends and family.. he’s been a great mentor for me on my trading journey, and he doesn’t even know it.
I’m going to email the Rev today to thank him personally.
Here’s his latest post..
Taking a Moment to Reflect
12/23/2005 1:08 PM EST It definitely is […]

Notable trades this week include picking up some Infosys (INFY) and Cognizant (CTSH).
Both are tech support companies in India. And both moved to new All Time Highs on significant volume.. I can’t help but be super bullish on them.
We own a third company in that sector, Wipro (WIT).. but will probably unload some of that […]

I missed a decent entry point on Under Armour (UARM) in the 26 area. I’m honestly just not that good at trading recent IPO’s.. there’s so little price history on the chart to base decisions. There are always areas where I can improve, and this is one of them.
Still, my accounts are hitting new all-time […]

Things are poppin, baby. But you wouldn’t know it with a casual look at the Dow Jones Industrial Average (DJIA).. it’s doing jack, down 5 measly points.
However, a look under the surface reveals plenty of stocks either already in upward motion or (presumably) fueling up for their next move
In motion now:
This one took off today […]

While that word certainly describes my behavior at frat parties in the late 90’s.. I’m talking about stocks this time around.
This NGS chart shows the rise & fall of a quick winner on Wall Street. It shows (yet another) shot to the ribs of the “buy and hope” investment mantra.
Many big winning stocks have longer […]