COMMENTARY
A Quick Reminder About Follow-Through Days
Follow-Through Day according to IBD (Investors Business Daily): After a significant market correction, the market will look to regain its footing. Any up day then counts as Day 1 of an attempted rally. The next two sessions, Days 2 and 3, don't need to show much in...
Stocks Take a Swan Dive into the Close
The story ending the day Friday was the surge in price action at the close, especially with volume surging. On the flip side, today's close was on lower volume than Friday, but the collapse in prices highlights the lack of bids supporting the market. During the...
Buyers Flee as Sellers Continue to Ravage the Market
Thursday's action was filled with failed rally attempts and heavy volume selling. Even as the Euro stabilized our markets began to shift its focus away from the Euro and onto other potential pitfalls for the market. Whatever the market was viewing as the reason for...
Buyers Find Their Way into the Market as Volume Jumps
The early morning rally did not last very long as sellers took the market by storm. Many stocks were breaking to new lows and volume was flying higher. However, by mid-day stocks were finding a footing as sellers appeared to have been exhausted. As the market moved...
Stocks Fall in Fast Trade, Correction Deepens
Stocks continue to weaken as the market continues its slide as the Euro continues its free fall. Continued fears about the viability of the European Union has currency traders pushing the Euro lower. It appears the general consensus is the union will be unable to...
Top Current Holdings With Total Returns Since Purchase
stock symbol - % return - date of purchase: currently holding 12 longs 6 shorts (after WED opening bell) MHR 296% 8/21/09 LCUT 138% 11/2/09 CAMT 86% 12/21/09 UPI 62% 4/26/10 RSOL 15% 5/12/10 SCCO 9% 5/11/10 (short position) NOV 5% 5/11/10 (short position)
Stocks Rebound as European Fears Continue to Dominate
Stocks enjoyed a decent open with buyers trying to support the market, but it was the weakness going into the close in Europe that set the tone for much of the day. As the European markets closed sellers rocked stocks as they enjoyed a nice push, but at the close...
Top Current Holdings With Total Returns Since Purchase
stock symbol - % return - date of purchase Longs (currently holding 13 positions) MHR 332% 8/21/09 LCUT 138% 11/2/09 CAMT 89% 12/21/09 UPI 60% 4/26/10 RSOL 17% 5/12/10 PVD 13% 12/10/09 KERX 10% 4/29/10 Shorts (currently holding 4 positions) SCCO 7% 5/11/10
Just Returned From Moloka'i
I just got home and it is 8pm. There is no way I can fully update this site this weekend. I thought I would be back much earlier. I apologize and all will be back to normal on Monday. There will just be a quick update tonight and everything will be back to normal on...
Going To The Island Of Moloka'i For The Weekend
The usual routine is to have this site fully updated before Sunday morning with most of it updated before Saturday morning. However, this weekend will not be the case as I am leaving on a ferry to Moloka'i in about one hour. Therefore, this site will not be fully...
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