As usual, I've found that I can't make a trip to Dr. Brett's site without learning something. His three part post on Trading Like a Scientist (I, II, and III) is a great example of that particular phenomenon. I am a firm believer in approaching stock trading (and my day job for that matter) in the objective, dispassionate manner that Dr. Brett describes. Read and learn, my friends.Need any other examples of how Yahoo screwed up during Terry Semel's reign as CEO? How about how they mis-handled the financial blogger phenomenon? TheFlyonTheWall (not to be confused with Fly on Wall Street) has the story.Adam writes about naked put selling as a bullish strategy (see here also). It's been on my to do list to learn this exact trade for a while. That being the case, don't be surprised if I tinker with this approach a bit in the coming months.Kevin has started a new blog called The Forex Report and I immediately added a link to it on the right side of my blog. If it's half as insightful
I've been meaning to learn more about pivot points so that I could utilize them in my day and swing trades. Well, Marlyn points out a great website that calculates pivot points using four different methodologies. All you have to do is plug in yesterday's high, low, and close and today's opening price and it spits out the pivot points. I guess I have no excuse not to use them now. I've linked the site to the right... Google was upgraded to buy by UBS this morning. They maintained their target price of $560. As I've mentioned previously, GOOG is one of my largest positions (second in fact, behind Altria) in my core portfolio. Although GOOG has been a passe stock for months and months, I've held on purely because I am loathe to pay taxes on my gain just yet. Well, I'm feeling like GOOG might finally be coming back into style. I've already argued that it is fundamentally cheap as compared to Yahoo. And I've pointed out that GOOG's ever shrinking P/E ratio has made it almost uniqu
Nice profit growth for Staples. I know they're pretty good at what they do but I will remain a loyal Dunder Mifflin guy.Oracle to acquire Hyperion! I was just thinking that Oracle's problem is that they aren't huge enough. This should fix that.I've wanted to transfer some additional cash from my core portfolio to this blog portfolio for a while now and being stopped out of a couple of core positions on Tuesday allows me to do that. Plus, it's the beginning of the month so it make sense to do it now for return calculation purposes. So, as of today, I've added 600 beers to this account, representing an increase of almost 50% in portoflio size. This will allow me to add a couple positions and to increase my average position size. This portfolio now represents about 40% of my liquid capital.If Feburary had 26 days, my returns would have been pretty decent for the month. I guess I should just be thankful that I was able to squeek out a tiny gain. After a 3.6% gain in January, my retur
I am such an idiot that it took me almost five months to figure out how to do bullet points in my posts. Consider this fact when deciding whether to attach credibility to anything I write.I highly recommend you check out Adam's CNBC Viewer's Bill of Rights. It is dead on and very funny, to boot. While I admit that CNBC annoys me on a regular basis and is totally ripe for ridicule, I can't get myself to switch to Bloomberg. I find the tone of Bloomberg to be almost somber. Don't you think? I take the subject of making money seriously, but it shouldn't be depressing.When I sold VSEA ten days ago I was making the bet that cash would outperform it in the near term. I was wrong, by the way, as the stock has risen another 5%+ since I sold. That said I will take that 11.5% gain every day of the week.Yes, it is targeted at propeller-headed politics geeks like me. That said, I am going to keep plugging Bloggingheads.tv until I convert at least one reader. I find the low tech wonkiness of t
* Monday is yet another market holiday? What's with the banker's hours and public employee holiday schedule on Wall Street? As an East Coaster I would definitely like to see regular trading hours extended by a couple hours in the morning. I have my doubts whether it will ever happen.* It seems that AMD, with their oh so ugly chart and cash shortage may be bought out by private equity. Does anyone else remember way back in 2005 when AMD was supposedly eating Intel's lunch? Not that Intel is a rock star at the moment either...* Here's an interesting premise: this blog is dedicated to short-selling Cramer's picks. The anti-Cramer back-lash seems to grow just a little bit more each day.* Housing starts plunge! Investors must think the bad news is baked in at this point, though. Evidence the charts of LEN, KBH and TOL since the beginning of 2007. You could have made a very nice return on those stocks despite almost constant doom and gloom about housing in the news. It's a go
