Thursday, September 11, 2003
Next friday, a week from tomorrow for dinner at my place - fondo should work well. Tom is in charge of wines. Andy just has to find a sitter.
Every once in a while, I like to become a contrarian. Here are three very inexpensive stocks, literally outcasts to the world. TMAR - Trico Marine Services @ $2.50, ILA - Aquila Inc. @ $2.93 (a utility play), and AKLM - Acclaim Entertainment @ $.64. All three have 'E' ratings on the IBD on line Stock Rater, ratings from 1 to 4 (with 10 being best) on the CNBC Money Stock Rater, and share universal negative commentary. BUT - they have very interesting charts, have received positive coverage by the Worden brothers (my heroes), and in the case of TMAR there is significant insider buying. I put in buy orders for the open on Friday, which may well be a very bad day. All three stocks have bottom reversal patterns, are down 90 to 95% off their highs, and have evidenced 'technical buying' in recent months. Now my chances of picking three winners in one shot are poor, but if just one gets half way to its old highs - I'll have done exceptionally well. Even if the other two are losers, I'm stopped out with little damage. Remember, low prices stocks are hard to put automatic stops on. Most brokers will not accept stops on stocks under $5.00, so you must watch closely and not hesitate to pull the trigger.
I would be honored. And would love to meet Andy and his wife. Should we do the fondue again?
How do you find the old Hampton letter again. I guess I missed the Stkbull's Consultant part.
I don't know about baby food, but I think it does produce some degree of allergies in babies. Purina has an interesting answer in dog food. They have one food for dogs that are allergic to different meats where they have taked apart the protein and put in back together again so that it doesn't resemble any animal protein, like say horsemeat or chicken. It is a new protein and since the body has never seen it before it isn't allergic to it. But for babies, I guess they haven't gotten that far along.
In the mean time, while we are waiting to gather for those drinks, take a look at by 'old' web site and try 'Stkbull's Consultant'. It will review any stock you are interested in from a technical view poit. And, it does it rather well.
Wednesday, September 10, 2003
OK here is the deal. Judy fixes dinner for six. Tom and Andy, you both bring your wives. After dinner, the girls talk girl stuff and we gents retire to the den for single malt scotch and a lesson in charting. maybe next weekend, preferably on a Friday evning. If you both think you would be up for it let me know. By the way, I still like FCEL and QCOM. MOT is looking like a pause and retracement in the short term. I have a stop on KLIC at $11.25, but then I'm in at $9.00 just a short time ago. Guess that is 25% or so in less than a month. Can't complain. It should be hit tomorrow. ICGE is looking better daily. HPOL looks good, and QRIS maybe ready to take off if the market itself doesn't cause a disaster. I am not fond of MACD or Stockastics, unless you are trading short term. I am a mid-term trader and like the RSMA and break out patterns best.
The food thing is funny - our new baby seems to throw up the newest formula and lots of friend's babies do also - probably because it contains crap like corn syrup and other shit most people have never heard of. Market sucks today but PFE has a small rise but nothing worth talking about with your girlfriends. Tom - http://clearstation.etrade.com has a good tutorial on charts but I am still learning and don't fully get it yet. Buddy of mine works selling electronic computer related hardware says that Intel has a lot of projects in the pipeline that are going to be taking off in the future and are in almost every computer product, phones, internet, ect. - possibly a good long stock.
Monday, September 08, 2003
Is it too late for housing stocks? Insiders are dumping them like mad, but their earnings and orders seem to still be going up up up.
Can you imagine telling a Frenchman that he has just eaten some gene spliced lamb chops?
I too have thought about the new drugs and biotech products. The new info on fat brain chemicals is going to be the eventual end of fatness. I hope not to late for me. In the Bible it speaks of the lion will lie down with the lamb. Thought to be figuative. Probably is. BUT (and this is almost doeable with todays technology) you could splice some lamb muscle genes into a plant, even a weed to ensure good growth. and get lots of lamb for hungry lions to eat. I would prefer a crown roast and for that you need some bone genes as well.
Were you long MOT or short the other day?? If you were long (I can't remember) you are looking like a genius today!!!!!!!!
So what is slow stoch and fast stoch. I found all these technical analysis terms in the new Yahoo site (well same old site with new stuff and format) in their new part on tech analysis of any given stock. Let me know what you think of it.
Moving Average Convergence-Divergence (macd) which way the stock is trending and how it is going to run/trending. Bert - your input here! I was looking at software like you use to help spot chart trends and set stops and targets, ect. but the user still has to know what he/she is doing. Can you imagine what kind of drugs are going to be around in 30 years? No comment on the sex drugs. I plead the fifth.
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