With 222 votes, Maoxian is the fourteenth blog to be voted off the island. Six remain.
Sorry Mr. Chairman, you must leave the tribal counsel area immediately.
Why was the Chairman’s blog voted off next? How has this changed strategies and alliances?
Tune in next Sunday to see who will be voted out next in Remainder: Stock Market Blogs.

“It is one of the great paradoxes of the stock market that what seems too high usually goes higher and what seems too low usually goes lower.” - William O’Neil

– Click here for today’s full list –

“It is one of the great paradoxes of the stock market that what seems too high usually goes higher and what seems too low usually goes lower.” - William O’Neil

– Click here for today’s full list –

SLW gave a nice narrow 30-min bar to get in at $10.88 over the 10:30 candle, with a stop just below it at $10.82. This made it a 5.5R trade, although I didn’t put my usual 1% into it for liquidity reasons (actually it probably would have been okay) - I only had about 0.5%=1R for this trade.

At least it ends the month on a positive note. In May I plan to increase my average risk per trade (R) to 1.2% to see what effect it has. At some point in the near future I also plan to keep 50% of monthly profits in my account to allow for compounding.

Good morning, my name is Ugly, and I am a loser. I have it in me to do serious financial damage to my account.

The following alpha stocks are gapping up: ISRG, ELN, NVAX, PEIX, PLXS, HMY, CELG, JOYG, TIE, FWLT, BCRX
The following alpha stocks are gapping down: RACK, AMKR, RBAK, NWRE
The following volume advances are worth noting: FRNS, RKH, JOBS, REDF, JOYG

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“It is one of the great paradoxes of the stock market that what seems too high usually goes higher and what seems too low usually goes lower.” - William O’Neil

– Click here for today’s full list –

“It is one of the great paradoxes of the stock market that what seems too high usually goes higher and what seems too low usually goes lower.” - William O’Neil

– Click here for today’s full list –

The three most annoying and painful things about trading are:
1) getting a bad fill
2) getting stopped out and then watching as the stock turns strongly around in your direction and continues that way the rest of the day
3) breaking your own rules
I did all three today so it was a sucky day:
(more…)

Maoxian posted Bill Miller’s comments on commodities and how “pension funds are falling all over themselves to allocate a portion of their assets to commodities … AFTER the biggest bull move in 50 years.” Ray Kurzweil, in his book The Singularity is Near, predicts that most industries will profit from the exponential growth of information technology, except for two: commodities and real estate. Commodities because anything - even gold - will easily be produced from raw materials via nanofactories (which will likely be available by 2015). And real estate because people will be spending more and more time inside virtual reality.
Here is an excerpt from an analysis prepared for investors by Credit Suisse First Boston (via crnano.org):

Nanotechnology is a classic, general-purpose technology (GPT). Other GPTs, including steam engines, electricity, and railroads, have been the basis for major economic revolutions. GPTs typically start as fairly crude technologies, with limited uses, but then rapidly spread into new applications.

All prior GPTs have led directly to major upheavals in the economy - the process of creative destruction. And nanotechnology may be larger than any of the other GPTs that preceded it. Creative destruction is the process by which a new technology or product provides an entirely new and better solution, resulting in the complete replacement of the original technology or product. Investors should expect that creative destruction will not only continue, but will also likely accelerate, and nanotechnology will be at the core.

What does this mean from a practical standpoint? Because of the advent of nanotechnology, we believe new companies will displace a high percentage of today’s leading companies. The majority of the companies in today’s Dow Jones industrials Index are unlikely to be there 20 years from now.

Josh Wolfe of Lux Capital, editor of the Forbes/Wolfe Nanotech Report, writes:

“Quite simply, the world is about to be rebuilt (and improved) from the atom up. That means tens of trillions of dollars to be spent on everything: clothing… food… cars… housing… medicine…the devices we use to communicate and recreate…the quality of the air we breathe…and the water we drink, are all about to undergo profound and fundamental change. And as a result, so will the socio and economic structure of the world. Nanotechnology will shake up just about every business on the planet.”

Good morning, my name is Ugly, and I am a loser. I have it in me to do serious financial damage to my account.

The following alpha stocks are gapping up: CELG, KOMG, AMKR, CRDN, CELL, QDEL, GIGM, WFR, TRE, NSTK
The following alpha stocks are gapping down: PEIX, RBAK, BOOM, TS, ESRX, TRID, TIE, AKAM, BGO, ATI, AUY, ERS, JOYG, HANS, NTRI, SLW, HMY, WIRE
The following volume advances are worth noting: LIFC, OLAB, HOLX, SIRF, WIRE, SBAC, MTW, VRTX, ATI, RACK, TRID

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