Archive for February, 2008

88 stocks closed at all-time highs

Tuesday, February 26th, 2008

“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
CHK 46.26 13522008 8071240 %67.53
AUY 17.57 11531858 11055200 %4.31
EWZ 86.57 11263742 14798100 %-23.88
CSX 52.72 9169800 5821090 %57.52
GG 42.27 8516322 7759740 %9.75

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Buffet Q&A Session at UT Austin

Tuesday, February 26th, 2008

Thank you Dang Le for posting your recap from the Warren Buffet Q&A, I found it very interesting.

Charlie and I operated mostly with 5 positions. If I were running 50, 100, 200 million, I would have 80% in 5 positions, with 25% for the largest. In 1964 I found a position I was willing to go heavier into, up to 40%. I told investors they could pull their money out. None did. The position was American Express after the Salad Oil Scandal. In 1951 I put the bulk of my net worth into GEICO. Later in 1998, LTCM was in trouble. With the spread between the on-the-run versus off-the-run 30 year Treasury bonds, I would have been willing to put 75% of my portfolio into it. There were various times I would have gone up to 75%, even in the past few years. If it’s your game and you really know your business, you can load up.

51 stocks closed at all-time lows

Monday, February 25th, 2008

“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
MCU 0.117 9488947 276994 %3325.68
AVR 6.52 1593749 931953 %71.01
FTWR 1.41 543429 560759 %-3.09
VSE 8.98 531901 1149890 %-53.74
BORL 2.38 483985 596303 %-18.83

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89 stocks closed at all-time highs

Monday, February 25th, 2008

“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
CHK 46.22 9411746 7939790 %18.53
GG 41.14 8924654 7693390 %16.00
NLY 21 6743855 7740410 %-12.87
MOS 117.06 6697119 5864050 %14.20 *
TJX 32.83 6032297 5681420 %6.17

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links for 2008-02-25

Monday, February 25th, 2008

Visions of the Future

Sunday, February 24th, 2008

Part 1: The Intelligence Revolution

Anyone who suffers from depression or knows someone who suffers from depression should definitely watch the last 7 or so minutes (at around the 44:00 mark) of the above video - amazing stuff.

Part 2: The Biotech Revolution

Part 3: The Quantum Revolution

links for 2008-02-24

Sunday, February 24th, 2008

For those that don’t believe in the Singularity

Sunday, February 24th, 2008

Check out this chart of the adoption of new technologies since 1900. What surprised me most? In 1915, only 20% of homes had electricity! Less than 100 years ago it was practically the dark ages - literally. They lit CANDLES at night. CANDLES.
Look how far we have come in less than 100 years. Based on the exponential increase in information technology, the amount of technological change and progress in the next 100 years will be the same as that in the last 20,000 years. 20,000 years!
20,000 years ago we had stone tools, could use fire and had just begun to make cave paintings.

Bobby Fischer on “I’ve Got a Secret”

Saturday, February 23rd, 2008

links for 2008-02-23

Saturday, February 23rd, 2008