Quote Corner

Being uneducated is sometimes beneficial. Then you don’t know what can’t be done. – Michael Ott (Venture capitalist)

June 1, 2009 June 1, 2009 By charlie In Comments Off on Quote Corner

New High Short Squeeze ($DDUP)

According to Yahoo, Data Domain has received a bid from EMC for $30,  a 16% premium from today’s close. DDUP began appearing on my short squeeze screen, but due to the recent overall choppiness, I remained on the sidelines. The alignment of EMCs offer and DDUPs appearance on my screen serves as a reminder that…

Read More
June 1, 2009 June 1, 2009 By charlie In , , , Comments Off on New High Short Squeeze ($DDUP)

S&P 500 Bullidex ($ES_F $SPY $SPX)

The S&P 500 Bullidex rose 5% to close at 240, signaling a decrease in volatility relative the percentage of rising stocks. This indicates a favorable environment for investment as the odds of successful speculation are waxing. The upward breakout after a few weeks consolidation is healthy for the bulls as the S&P500 moves above the…

Read More
June 1, 2009 June 1, 2009 By charlie In , , , , , Comments Off on S&P 500 Bullidex ($ES_F $SPY $SPX)

Twitter Ticker ($CSCO)

A glance at the StockTwits chatter reveals Cisco Systems will be replacing General Motors in the Dow Jones Industrial Average. Coincidentally, CSCO is trading above the 20sma for the first time since November 2007. Momentum remains with the bulls and a breakout looks likely. It bothers me to think of CSCO as the future of…

Read More
June 1, 2009 June 1, 2009 By charlie In , , , , Comments Off on Twitter Ticker ($CSCO)

Quote Corner

If you can buy more of your best idea, why put [the money] into your 10th-best idea or your 20th-best idea? The more positions you have, the more average you are. – Bruce Berkowitz (Fairholme Fund, Barron’s 3/17/08)

May 28, 2009 May 28, 2009 By charlie In Comments Off on Quote Corner

NASDAQ 100 Bullidex ($QQQQ)

The NASDAQ 100 continues to fair much better than the S&P 500, exhibiting lower volatility with more rising stocks. How long this will last is undetermined, but it is best to wait for a trend change rather than anticipate it. I remain bearish on the S&P 500, and though I’m technically bullish on the NASDAQ…

Read More
May 28, 2009 May 28, 2009 By charlie In , , , , , , Comments Off on NASDAQ 100 Bullidex ($QQQQ)

Twitter Ticker ($UNG)

Today’s StockTwits chatter was dominated by the big move in natural gas. Down nearly 80% after falling for nine CONSECUTIVE months, UNG is beginning to show real signs of life. While it is too early to say the bear market is over in this sector, a new row of X’s and a monthly close higher…

Read More
May 28, 2009 May 28, 2009 By charlie In , , 1 Comment

All Time High Short Squeeze ($TUX)

Trian Aquisition is a blank check buyout company, so their business model is incomprehensible at best. Nevertheless, the intangible wealth of TUX is far more alluring than concrete inventory, and a stock at all time highs with a short float of 60% is a good place to took for emotional upward momentum. STEC has made…

Read More
May 28, 2009 May 28, 2009 By charlie In , 1 Comment

Quote Corner

The political problem of mankind is to combine three things: economic efficiency, social justice and individual liberty. – John Maynard Keynes (British economist, 1883-1946)

May 28, 2009 May 28, 2009 By charlie In 4 Comments

Twitter Ticker ($GM)

The chatter on StocktTwits concerning General Motors is a guessing game on the future of the DJIA. What corporation will fill the gaping maw left by the defunct GM? The writing has been on the wall for many months, if not years. Since November of 2007, Grotesque Misery ALWAYS traded below a declining 20sma, often…

Read More
May 27, 2009 May 27, 2009 By charlie In , , Comments Off on Twitter Ticker ($GM)