 Submitted By Gary Tanashian
...or have I mentioned that before. :-)
Of course, the multitudes are going by generic signposts erected by established and sanctioned experts. No wonder they were selling in March and agonizing whether to buy in June as hope drags its tired ass on and on, seemingly interminably.
Yes, this blog...
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Submitted By Trader Mark
I did not bother with posting the normal analysis of the monthly (un)employment report yesterday; it's really the same old story - some months it will be a bit better, some months a bit worse - the market will overreact either way as if one data point is changing the course in this economy. I...
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Submitted By Trader Mark
The fertilizer names have been much weaker than the commodity space as a whole... today they are green in a sea of red on a Russian price increase, but really Potash (POT) just warned of yet another production cut just 2 weeks ago. [Jun 17, 2009: Potash with Another Production Cut Hammering...
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Submitted By Trader Mark
We mentioned Discover Financial (DFS) a few days ago [Jun 29, 2009: Discover Financial Surges on Analyst Note] - it broke out of a range based on the analyst upgrade and has now pulled back somewhat since my post. I am going to create a starter position (1% stake) as this is one of only about 15...
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Submitted By Trader Mark
I only have about a 0.4% stake in Illumina (ILMN) so I am going to take about a 8% loss on this last batch (stock is down about 10%) today on the earnings warning. The stock had just been flopping around listlessly so it was not a major position for us, thankfully.A large gap has been created...
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Submitted By Trader Mark
I am going to post some data from rfeed.blogspot.com/2009/07/fascinating-finding-shifting.html">TraderFeed blogspot, run by the very well respected Brett Steenbarger. Readers will know we've been noting some very strange action - after the initial surge in March - we began noticing a lot of the...
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Submitted By Trader Mark
Had some real world things to attend since noon yesterday; will be catching up this morning.Quick look at employment report shows government lost 50K jobs which happens once every two decades. Not to worry though the census should be creating 1.4 million high paying stable jobs in the coming year...
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Submitted By Trader Mark
Corning (GLW) is a very interesting situation situated at the far end of the supply chain (very close to the end consumer) - it has been posting some positive data points the past few months but what does it tell us overall? The tech sector has been the one area of sustained domestic out...
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Submitted By Trader Mark
It's been a wild and volatile first half of 2009. We followed one of the worst periods in history (Jan-Feb) with one of the best (Mar-Apr)... and topped it off with a stagnant market (May-Jun) to finish off the quarter. For all this the S&P is up a staggering 1.5% for the year to date.But if...
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Submitted By Trader Mark
A little known fact is that Germany, not China (or the U.S.) is the world's largest merchandise exporter. [May 21, 2008: Who is the World's Largest Merchandise Exporter? Not China. Or the US] Thankfully the US still has its agriculture (a massive export) - can't outsource US land, although I'm...
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Submitted By Trader Mark
I've been a long time investor in the solar space (circa late 06) and one thing that has really irked me over the years is the complete lack of differentiation. Much like the market as a whole nowadays, its "all or nothing" in this space. The one exception has been First Solar (FSLR) - an...
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Submitted By Trader Mark
Readers may or may not notice but I've culled back a bit on the posting during the day - maybe not noticeable but perhaps 1-2 less posts during the actual market hours. (I generally was doing 7-8 a day!) While these posts are generally quick to read through from your end, compiling data, sources,...
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Submitted By Trader Mark
As I went through positions a few weeks ago Allegiant Travel (ALGT) is one that had me torn; dirt cheap but in a death spiral as the "long oil / short airlines" trade was wrecking havoc, even with the best operators. With the stock in the mid $30s ($35-$36) I put in a limit order to sell at $38 as...
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Submitted By Trader Mark
I've been taking a serious look at Discover Financial (DFS) the past 7-8 days as it seemed poised to break out of a recent range. Why buy a credit card company in these times? Why not - squiggly line analysis is all that matters to the computers. Profitability? Not in 2009 ... about a $1 loss...
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Submitted By Trader Mark
There is a nice writeup on Riverbed Technology (RVBD) this morning on CBSMarketwatch which quite fairly sums up my views as well; pro and con. This is one of the current "untouchables" and until it breaks the trend, the computers will continue to purchase it... it appears. I still have my stop...
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