Archive for April, 2006

Maoxian, the tribe has spoken

Sunday, April 30th, 2006

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.

32 stocks closed at all-time lows

Friday, April 28th, 2006

“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

Symbol Price Volume Avg. Volume % Vol. Increase
COGT 16.36 5872084 1062820 %452.50
EAG 0.05 5126800 3431400 %49.40
PLAY 11.05 2908233 2139090 %35.95
NWECW 9.6 1650289 53446 %2987.76
SGTL 6.69 1602199 1477950 %8.40

– Click here for today’s full list –

250 stocks closed at all-time highs

Friday, April 28th, 2006

“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

Symbol Price Volume Avg. Volume % Vol. Increase High Alpha
C 49.95 40372800 13872600 %191.02
BAC 49.92 29547200 13057400 %126.28
XLF 33.96 13260200 9662190 %37.23
USB 31.44 9651700 4350840 %121.83
WB 59.85 9165500 4537490 %101.99

– Click here for today’s full list –

Silver Wheaton Corp. (SLW)

Friday, April 28th, 2006

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.

Ugly Picks

Friday, April 28th, 2006

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

Support uglychart.com by becoming a sponsor!

43 stocks closed at all-time lows

Thursday, April 27th, 2006

“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

Symbol Price Volume Avg. Volume % Vol. Increase
EAG 0.06 11877300 3345580 %255.01
PLAY 11.36 2914466 2104390 %38.49
DIO 1.1 2895500 108750 %2562.52
SGTL 6.78 2636748 1465220 %79.95
PTI 16.14 1082800 145054 %646.48

– Click here for today’s full list –

194 stocks closed at all-time highs

Thursday, April 27th, 2006

“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

Symbol Price Volume Avg. Volume % Vol. Increase High Alpha
BAC 49.04 34476400 12708900 %171.27
XLF 33.63 17689300 9796150 %80.57
DIA 113.85 14469200 6717450 %115.39
FNF 43.5 12202600 1095900 %1013.47
BHI 79.11 7167800 3598010 %99.21

– Click here for today’s full list –

Celgene Corporation (CELG)

Thursday, April 27th, 2006

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…)

Commodities Top and Nanotechnology

Thursday, April 27th, 2006

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.”

Ugly Picks

Thursday, April 27th, 2006

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

Support uglychart.com by becoming a sponsor!