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January 31, 2006

200 stocks closed at all-time highs

"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


SymbolPriceVolumeAvg. Volume% Vol. IncreaseHigh Alpha
GILD60.87114812114205110%173.02
ACAD13.05932345166140%13996.53
ATHR19.657134215725547%883.28
PAAS24.1957208891333240%329.09
CAT67.956548003424700%65.11
-- Click here for today's full list --


Posted by Ugly at 05:43 PM | Comments (1)

January 30, 2006

196 stocks closed at all-time highs

"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


SymbolPriceVolumeAvg. Volume% Vol. IncreaseHigh Alpha
XLE57.952564640018794900%36.45
NMTI22.489716808429400%2162.88*
OIH157.1592678008337200%11.16
ESLR15.1534243212880010%18.89
MDY141.7531102002317020%34.23
-- Click here for today's full list --


Posted by Ugly at 06:15 PM | Comments (0)

January 29, 2006

All time high list + Top 100 Alpha combo

I have modified the all-time high list to put an asterisk (*) next to stocks that are also on the top 100 alpha list. It is in the column where the CCI used to be (I took that out as I didn't find it as useful). This subgroup of stocks are the strongest of the strong.

Posted by Ugly at 11:20 PM | Comments (6)

Alchemy of Trading II, the tribe has spoken

With 1316 votes, Alchemy of Trading II is the first blog to be voted off the island. Nineteen remain.
Sorry Stephen, you must leave the tribal counsel area immediately.
Why was Alchemy'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.

Posted by Ugly at 12:23 PM | Comments (1)

January 28, 2006

Phenethyl Isothiocyanate

Phenethyl isothiocyanate is a substance that has been shown to treat and prevent cancer. I mentioned this chemical in a recent post about the Cruciferae vegetables. A recent study shows that these vegetables and curry spice were effective on mice with human prostate cancer tumors. Brussels sprouts are little green balls of health - now even better with curry.

Posted by Ugly at 12:51 PM | Comments (0)

January 27, 2006

212 stocks closed at all-time highs

"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


SymbolPriceVolumeAvg. Volume% Vol. IncreaseCCI
MRVL70.64112227564452950%152.02
CAT67.5375878003309120%129.29*
UTX58.7562842003449220%82.19
BR91.6349316005533180%-10.87
GILD59.7440395254175310%-3.25
-- Click here for today's full list --


Posted by Ugly at 05:43 PM | Comments (0)

WSJ Article on Cryonics

The Wall Street Journal had an article last week about wealthy people who have made arrangements to have their bodies frozen in liquid nitrogen after they die. They are also willing their money to themselves:

With the help of an estate planner, Mr. Pizer has created legal arrangements for a financial trust that will manage his roughly $10 million in land and stock holdings until he is re-animated. Mr. Pizer says that with his money earning interest while he is frozen, he could wake up in 100 years the "richest man in the world."
At least a dozen wealthy American and foreign businessmen are testing unfamiliar legal territory by creating so-called personal revival trusts designed to allow them to reclaim their riches hundreds, or even thousands, of years into the future.
Thomas Katz, an estate planner at the law firm Ruden McClosky in Fort Lauderdale, Fla., believes cryonics could raise fundamental legal quandaries. Upon coming back to life, for instance, would a person have to repay their life insurance? "Our legal notion of death is pretty fixed. The scientific notion might not be as time goes by," Mr. Katz says.
Edward O. Thorp, a hedge-fund industry pioneer, created a cryonics trust in 1997 funded by a $200,000 life-insurance policy. At 73, he says he's now arranging a larger trust -- of between $1 million and $50 million -- which he will direct to invest in no-load index-tracking mutual funds to avoid management and trading fees. He puts the odds of a person frozen today coming back at 2%. "I figure it's worth a lottery ticket," says Dr. Thorp, who has a Ph.D. in mathematics.

Posted by Ugly at 10:15 AM | Comments (2)

January 26, 2006

Ugly Picks

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

Dear Diary,
Today was a pretty bullish day - the market has rebounded nicely from the deep sell off on Friday. The Nasdaq looks to have held its 50dma and its up trend line. I am optimistic about new highs in the future. However, a break of 2241 would be bearish. The QQQQ is also holding onto its up trend line since October, while feeling resistance at the 50dma.

The volume today was nice, I would like to see it break over the 50dma strongly. That would be evidence for higher highs.
NDAQ and GROW, both on the top 10 list for alpha, rose strongly.
I used to love CMG burritos until I realized that they have all the fat and calories of a big mac.

Don't forget to vote for the stock market blog remainder contest!

* user agreement -- how to use ugly picks

Posted by Ugly at 10:45 PM | Comments (2)

Grandmaster Veselin Topalov on chess computers

news24.com had an interview last week with GM Topalov's view on computers and chess:

"At the present moment I don't fear humans. Computers I think are very strong," the Bulgarian grandmaster said.
"The problem against computers is you cannot scare them. This is a big problem, you cannot bluff, (there's) no psychological fight ... The good thing is I don't care if the computer calculates 100 million moves per second, or 200 million, for me it's about the same, I don't see any difference."

Topalov says that in ten years, computers will be better than 99.9% of humans. I think that is the case now (maybe even 100%), and in ten years the game may be completely solved, like checkers practically is today. As you can see from Kurzweil's chart, he predicts that by 2013 we will have the computing power to produce a simulation of a functional human brain.

Posted by Ugly at 08:43 PM | Comments (1)

Nootropics

Nootropics are drugs that bolster cognition, lucidity, memory, mood, oxygen and glucose utilization, blood circulation in the brain, or a combination of these or other factors. The only nootropic I use while trading is caffeine, but I am going to try Ritalin. I will let you know how it goes.
I also take a daily multivitamin that contains some vitamins and nutrients which exhibit nootropic effects.
Nicotine is a nootropic - do any of you smokers think it helps you to trade?
Wikipedia has a nice list of nootropics.
I believe this will become a serious topic for traders in the near future.

Posted by Ugly at 08:07 PM | Comments (1)

The Future of Google

Chris Taylor put together a list of possible outcomes of Google. One is that Google becomes God. He writes with humor, but it is not a joke. He quotes the Dyson article that I referenced earlier, and interviewed Ray Kurzweil who "suggested that Strong AI (an intelligent program capable of upgrading its own code) would emerge from Google-like data mining rather than a robotics lab."

Posted by Ugly at 06:58 PM | Comments (0)

200 stocks closed at all-time highs

"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


SymbolPriceVolumeAvg. Volume% Vol. IncreaseCCI
CAT65.17103180003140200%228.57
TRID26.5469716691988590%250.58
CBRL44.365670167626276%805.37
KOMG47.8138572121207770%219.36
PAAS21.8535719591189080%200.39
-- Click here for today's full list --


Posted by Ugly at 05:43 PM | Comments (0)

January 25, 2006

114 stocks closed at all-time highs

"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


SymbolPriceVolumeAvg. Volume% Vol. IncreaseCCI
TRE7.2418019000%N/A
DEZ3.791758100995662%76.57
ZION80.611726216541520%218.77
KOMG45.4515574741205550%29.19
ICE5314038000%N/A
-- Click here for today's full list --


Posted by Ugly at 05:43 PM | Comments (4)

January 24, 2006

Ugly Picks

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

Dear Diary,
Here are some of my first thoughts about trading:
It is hard work. I didn't expect it to be so mentally draining. It is very similar to playing in a chess tournament. Your brain is mush at the end of the day. That is when I usually go for a walk and try not to think of anything at all.
I get nervous easily. I hope that this will become less so as I become more used to it. Yesterday I noticed that my hand was shaking when I went to move the mouse.
It is impossible to watch every stock in the market. A trader has to come up with some way of generating a short list of "stocks to watch." I'm trying to get this down - I have the problem of making my list too large.
In order to trade from home, you need a backup computer, ISP, and power supply. Either that or you need someone to call if your computer, ISP or power goes out. You also need more than one monitor.
I think one of the most important things about trading is how you deal with your losses.
You need a system that makes it hard to lose.

Don't forget to vote for the stock market blog remainder contest!

* user agreement -- how to use ugly picks

Posted by Ugly at 07:12 PM | Comments (5)

144 stocks closed at all-time highs

"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


SymbolPriceVolumeAvg. Volume% Vol. IncreaseCCI
EWZ39.631018001591300%94.92
ENER57.0820560501517290%35.50
DBRN42.851350675807285%67.31
EPEX33.771310452647854%102.27
ARII26.1413002160%N/A
-- Click here for today's full list --


Posted by Ugly at 05:43 PM | Comments (0)

January 23, 2006

117 stocks closed at all-time highs

"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


SymbolPriceVolumeAvg. Volume% Vol. IncreaseCCI
XLE57.032165160018531000%16.83
OIH155.27123140007897170%55.92
BJS42.7553965003696530%45.98
BR91.342793005564350%-23.09
NBR81.4636912002498560%47.73
-- Click here for today's full list --


Posted by Ugly at 05:43 PM | Comments (0)

Remainder Contest Clarification

I have received a few questions regarding the contest.
You do NOT want votes. The blog with the most votes is voted off each week. The last blog remaining is the winner.

Posted by Ugly at 03:13 PM | Comments (2)

January 22, 2006

Ugly Picks

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

Dear Diary,
The markets got kicked in the nuts pretty hard on Friday. Similar sell-offs happened in the beginning of January '05 and in January '04. In the previous years, they marked at least 6-month tops on the Nasdaq. That is to say it took at least six months to rebound and make a higher high. It takes time to recover from a hit like that - it leaves an impression.
One of the market's leaders, GOOG, also got nailed.
Both GOOG and the Nasdaq closed below their 50dmas.

What a week to start trading for a living! I think it is kind of good, though. A reminder that the market is wild by nature and out for blood. Proceed with caution.
A friend of a friend, who is a trader of futures, gave me some advice as I begin to trade full-time. He said, "You are never as good or as bad as you think you are."

Don't forget to vote for the stock market blog remainder contest!

* user agreement -- how to use ugly picks

Posted by Ugly at 09:48 PM | Comments (3)

Remainder Season 2 Contestants

Congratulations to the 20 new contestants of Remainder, Season 2. They are:

Alchemy of Trading II
Between the Hedges
Bill Cara
Catablast!
Fallond
Fickle Trader
Footnoted.org
JALOTI
Kirk Report
Knight Trader
Learning Curve
MaoXian
Random Roger
Solitaire Trader
Stock Bandit
Stockbee
Technically Speaking
Trader Mike
Trader-X
Visual Trader

Each Sunday the blog with the most votes will be elminated. The last blog remaining will win. Good luck!

Posted by Ugly at 08:45 PM | Comments (3)

January 20, 2006

89 stocks closed at all-time highs

"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


SymbolPriceVolumeAvg. Volume% Vol. IncreaseCCI
XLE56.412871940018391700%56.15
OIH151.75145309007764540%87.14*
BJS41.2762890003648090%72.39*
BR91.148380005581760%-13.32
SWN43.0134611003459370%0.05
-- Click here for today's full list --


Posted by Ugly at 05:43 PM | Comments (1)

January 19, 2006

Google's role in the Singularity

Is Google trying to build the first conscious computer?

"they're trying to build the machine that will pass the Turing test" - in other words, an artificial intelligence that can pass as a human in written conversations.

George Dyson hints that there may be some evil intentions hidden behind Google's loving exterior:

"When I was there, just before the IPO, I thought the coziness to be almost overwhelming. Happy Golden Retrievers running in slow motion through water sprinklers on the lawn. People waving and smiling, toys everywhere. I immediately suspected that unimaginable evil was happening somewhere in the dark corners. If the devil would come to earth, what place would be better to hide?"
For 30 years I have been wondering, what indication of its existence might we expect from a true AI? Certainly not any explicit revelation, which might spark a movement to pull the plug. Anomalous accumulation or creation of wealth might be a sign, or an unquenchable thirst for raw information, storage space, and processing cycles, or a concerted attempt to secure an uninterrupted, autonomous power supply. But the real sign, I suspect, would be a circle of cheerful, contented, intellectually and physically well-nourished people surrounding the AI. There wouldn't be any need for True Believers, or the downloading of human brains or anything sinister like that: just a gradual, gentle, pervasive and mutually beneficial contact between us and a growing something else. This remains a non-testable hypothesis, for now. The best description comes from science fiction writer Simon Ings:
"When our machines overtook us, too complex and efficient for us to control, they did it so fast and so smoothly and so usefully, only a fool or a prophet would have dared complain."

Posted by Ugly at 08:00 PM | Comments (3)

Ugly Picks

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

Dear Diary,
GMXR partied like a rock star.
Today I noticed an interesting thing. If you flip the chart on EXAS, to get the PainometerTM (pronounced like 'thermometer' except 'pain' instead of 'therm'), you see that the stock only stopped its descent when numbness set in.

This is worth noting as you may be able to time future falling stocks to cover your short position or go long at the point when numbness sets in.

Don't forget to vote for the stock market blog remainder contest!


* user agreement -- how to use ugly picks

Posted by Ugly at 07:09 PM | Comments (2)

First Trade: The World 0.5R, Ugly -0.5R

I made my first trade today as a prop trader, basically just to give it a test run and make sure all systems are go. I am keeping my 'R' (risk per trade) low at first until I am confident enough to increase it.

Posted by Ugly at 06:18 PM | Comments (2)

151 stocks closed at all-time highs

"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


SymbolPriceVolumeAvg. Volume% Vol. IncreaseCCI
XLE56.162640920018449300%43.14
OIH148.77112735007707300%46.27
BJS40.749485003626690%36.44
PIXR58.874857168968414%401.55
PTEN37.7437820883216800%17.57
-- Click here for today's full list --


Posted by Ugly at 05:43 PM | Comments (0)

SCOLR Pharma Inc. (DDD)

Here is a nice looking chart:

Posted by Ugly at 12:20 AM | Comments (2)

January 18, 2006

57 stocks closed at all-time highs

"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


SymbolPriceVolumeAvg. Volume% Vol. IncreaseCCI
ENER56.12942720101357220%214.76
JOR13.2228486000%N/A
RTK5.252140900591246%262.09*
STP38.9420451000%N/A
STXS13.35011325047207367%538.98
-- Click here for today's full list --


Posted by Ugly at 05:43 PM | Comments (4)

January 17, 2006

Ours truly will not remain the Age of Oil

I just finished reading Ray Kurzweil's The Singularity is Near. In it, he puts forth a convincing argument about the exponential growth of information technology. Long term (the next 10-20 years), Ray is very bullish in biotechnology, nanotechnology, robotics and information technology in general. He is bearish real estate and commodities. As technology advances, commodities will be less important because they will be replaced by technology and even created with nanofactories. Real estate will become increasingly less in demand as more people move into and use virtual reality.

Manufacturing using molecular nanotechnology fabrication will also be far more efficient than contemporary manufacturing, which moves bulk materials from place to place in a relatively wasteful manner. Manufacturing today also devotes enormous energy resources to producing basic materials, such as steel. A typical nonfactory will be a tabletop device that can produce products ranging from computers to clothing. Larger products (such as vehicles, homes, and even additional nanofactories) will be produced as modular subsystems that large robots can then assemble. Waste heat, which accounts for the primary energy requirement for nanomanufacturing, will be captured and recycled.
The energy requirements for nanofactories are negligible. Drexler estimates that molecular manufacturing will be an energy generator rather than an energy consumer. According to Drexler, "A molecular manufacturing process can be driven by the chemical energy content of the feedstock materials, producing electrical energy as a by-product (if only to reduce the heat dissipation burden).... Using typical organic feedstock, and assuming oxidation of surplus hydrogen, reasonably efficient molecular manufacturing processes are net energy producers."
...Once we have full-immersion virtual-reality environments incorporating all of the senses, which will be feasible by the late 2020s, there will be no reason to utilize real offices. Real estate will become virtual."

Posted by Ugly at 09:45 PM | Comments (7)

Mark Cook

Alchemy of Trading, who is leading the polls in the current remainder vote, had a bit about Mark Cook and how he was publicly bearish in November. Actually Alchemy says "mid-November," but I reported it in August. After posting about this, I got in touch with Mark - who happens to live very close to my hometown in Ohio - and we emailed a few times and spoke on the phone. He liked uglychart.com and was interested in having me write for his website, but after I told him I was going to trade for a prop trading firm (which he warned me not to do), he decided that he did not want to work together as it might connect him with the firm. He didn't want to have anything to do with the prop firm.
A lot of people warned me against trading for a prop firm, saying that they are known as "commission mills." Some proprietary trading firms make their money from commissions and want you to trade their system (hundreds of trades per day). The firm I am working for makes money as a percent of my trading profits. In exchange for this, they give me margin that I otherwise would not have access to.

Posted by Ugly at 09:30 PM | Comments (1)

111 stocks closed at all-time highs

"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


SymbolPriceVolumeAvg. Volume% Vol. IncreaseCCI
XLE55.611539800018490300%-16.72
OIH144.8754237007779820%-30.28
SWN41.7738634003583910%7.79
BR90.8238047005549850%-31.44
CAT62.9636232003163590%14.52
-- Click here for today's full list --


Posted by Ugly at 05:43 PM | Comments (0)

January 16, 2006

Ugly Picks

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

Dear Diary,
Friday the 13th was good luck for all owners of HANS.
TAYD went nuts and could likely provide an opportunity for a day trade.
GHDX is also one to watch.
There were some large chunks of volume tossed around on DAR on Friday, with a close that looks promising.
I am also biased in favor of OZN.

Don't forget to vote for the stock market blog remainder contest!


* user agreement -- how to use ugly picks

Posted by Ugly at 09:12 PM | Comments (1)

Einstein, Gandhi and Tolstoy

Time Magazine named Einstein as the "Person of the Century." In popular culture, the name Einstein has become synonymous with great intelligence and even genius. But Einstein himself said that "Gandhi's views were the most enlightened of all the political men of our time." He once said of Gandhi that "generations to come will scarcely believe that such a one as this walked the earth in flesh and blood." Gandhi's philosophy of nonviolence has influenced national and international nonviolent resistance movements to this day. He has inspired freedom activists such as Martin Luther King, Jr., the Dalai Lama, Stephen Biko, Aung San Suu Kyi, and Nelson Mandela. But what is not widely known is that Gandhi did not believe in non-violent resistance until he read Leo Tolstoy's The Kingdom of God is Within You. Gandhi said that this book "overwhelmed" him and "left an abiding impression."
Leo Tolstoy is most famous for War and Peace which is generally thought to be one of the greatest novels ever written. After a religious awakening, Tolstoy regarded it as a waste of time and devoted himself to his radical religious beliefs and a search for Truth. Many literary critics believe that Tolstoy went insane in his later years and produced nothing of value. Others argue that critics do not follow the depth of his understanding, which is evidenced by his influence on such great people in history as Gandhi and, therefore, Einstein and others. They argue that his later works have had a much more significant effect on the people of the world.
What do you think? Place your vote here.

Posted by Ugly at 05:40 PM | Comments (3)

January 14, 2006

Market correlation to rock units

The thing that I find most odd is how closely the market has followed the relationships of layers of rocks (beds) throughout a region, based on historical data. Below is a graph of this correlation, along with the data tunnel spanning a period of weeks and months:

Posted by Ugly at 12:35 AM | Comments (2)

January 13, 2006

103 stocks closed at all-time highs

"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


SymbolPriceVolumeAvg. Volume% Vol. IncreaseCCI
AAPL85.58992769120024669600%12.24
HANS104.3151212991109220%361.70
ENER51.2134542941301070%165.49
GILD59.432478084173910%-22.18
VCLK20.6426782362086830%28.33
-- Click here for today's full list --


Posted by Ugly at 05:43 PM | Comments (0)

Remainder: Stock Market Blogs, Season 2

Since Galatime, the winner of the Stock Market Blogs Remainder Contest, Season 1, has returned to blogging, I thought it might be a good time to start up the contest again. This time, before we start, there will be a vote to see who will participate. The top 20 blogs with the most votes will be contestants in Remainder: Stock Market Blogs, Season 2. The tally will be counted each Sunday, like before - starting with Sunday January 22. The winner will be advertised on uglychart.com for one month and also receive a Harakiri movie poster DVD!
I've weeded out the blogs that are no longer posting and have tried to add a few. If there is a blog missing that you would like added to the list - just let me know.
Click here to vote.

Posted by Ugly at 02:14 PM | Comments (3)

Ugly Picks

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

Dear Diary,
WRES looks nice, doesn't it?
I will be watching the following stocks for tomorrow:
GIGA, DESC, AVM, KNOL, ZOLT, USIH, SFUN, HILL, WRES, STP, LCAV, HYDL, WOOF, CPSI

I have been "paper" trading for the last week. I put the word paper in quotes because I have been trading online, with a computer, paperless - but using $0. It is a lot of fun. I am surprised at how enjoyable it is and how little the money has to do with it. With $0, it is still a sport and a challenge. The money will move it up a notch and add some pressure. It will separate the men from the boys.
I will probably start trading for real on Tuesday, the 17th of January.
Working from home and being your own boss is very different and it can take an adjustment to wrap your head around it. It is easy to remain unshaven and unkempt for longer periods of time unless you can keep up with it. It takes more of an effort to keep up with it. Maybe I will grow a beard.
Plus it always kind of seems like you aren't really working. Maybe because when I used to have a job, when I wasn't working I was often sitting at my computer looking at stock charts.


* user agreement -- how to use ugly picks

Posted by Ugly at 02:06 AM | Comments (3)

January 12, 2006

85 stocks closed at all-time highs

"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


SymbolPriceVolumeAvg. Volume% Vol. IncreaseCCI
AAPL84.2914555111224423000%86.50
BR88.4760507005501290%9.98
CAT62.2153067003279210%61.82
ENER50.6350420391217940%313.98
MYOG36.0244128091274540%246.22
-- Click here for today's full list --


Posted by Ugly at 05:43 PM | Comments (0)

Free money from credit cards

I have already made a cool free $200 from opening credit cards, making one purchase, and then closing the card via suggestions from Jonathan at MyMoneyBlog. Now I've just applied for another one with a free $100 gift card bonus. Using the 0% APR and no balance transfer fees, he has borrowed over $20,000 and placed it in an interest bearing account, which will net him about $1000 in taxable interest. Nice going, dude.

Posted by Ugly at 05:08 PM | Comments (1)

The Wakamaru Robot

The Wakamaru robot, which went on sale in September 2005, is a domestic robot primarily intended to provide companionship to elderly and disabled people.

"One day I found him watching TV, which we never anticipated. Then sometimes he would start dancing. You never get bored because you never knew what he would do next," says Mr Ishihara.
And there are times when Wakamaru is irritating. Apart from the mistimed "how are you?" in the middle of a family row, Wakamaru is prone to not catching words first time around and ignoring instructions to "go to your recharge unit and be quiet" with all the obstinacy of a sulky child.

Posted by Ugly at 01:06 PM | Comments (0)

Precision-engineered Hedonic Enrichment

Are we on the verge of a technological paradise? If so, I recommend loading up on the tech and biotech index funds. But I guess even if you are short these indexes, you will still be happy in paradise. So maybe it is better to hedge your bets and go short these indexes. From wireheading.com:

In the 1950s, James Olds and his colleagues invented a procedure known as intracranial self-stimulation. By implanting a permanent thin wire-electrode in a rat's brain, the captive rodent was given the ability to self-administer a small electric shock. The current used is typically less than 0.0005 amperes. The pulse lasts for less than a second: the rodent wirehead must press the lever again to get another hit. Different placements of the electrode elicit different intensities of response. Rates of up to 10,000 bar-presses an hour may be recorded - but only for pulses delivered to the most rewarding brain-areas. An animal will self-stimulate for a whole day and night without rest, and cross a powerfully electrified grid, to gain access to the lever when its reward-centres are wired up.

Posted by Ugly at 12:09 PM | Comments (0)

January 11, 2006

189 stocks closed at all-time highs

"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


SymbolPriceVolumeAvg. Volume% Vol. IncreaseCCI
AAPL83.95318040023906600%122.45
MRVL66.8592930744091950%127.10
OIH143.690607007722100%17.33
GOOG471.63898020110088100%-10.98
XLF32.7774696008524130%-12.37
-- Click here for today's full list --


Posted by Ugly at 05:43 PM | Comments (2)

The future of chess

Chessbase.com has updated their list of the youngest people to achieve the grandmaster ranking in history. Meanwhile, in Kurzweil's The Singularity is Near, on pages 274-8, he discusses the advances in chess AI. He points to this website, where you can play a game of chess and watch a visualization of the computer's analysis. Pretty cool.

Posted by Ugly at 01:37 PM | Comments (2)

Sakamoto Ryoma

Sakamoto Ryoma is a popular low ranking rebel samurai who helped prepare Japan for the Meiji Restoration. He was crucial in the creation of a modern navy. One of his most notable accomplishments was persuading the rival Satsuma and Choshu clans to work together to overthrow the Shogunate. That an uncouth roshi, a 'disgrace' to bushido - who had been denounced by his own clan - could acheive this seemingly impossible task made him a national hero.
He also topped a survey of historical figures one would most like to have a drink with (according to a survey of 1,558 people conducted by Asahi Breweries Ltd. last summer). All 47 prefectures including Tokyo have at least one private fan club dedicated to Ryoma with over 13,000 registered fans.

Posted by Ugly at 12:27 PM | Comments (0)

January 10, 2006

Ugly Picks

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

Dear Diary,
You will have to keep an eye on ANGN now, too.
EFJI made a nice move to a new high.
I will also be watching the following tomorrow for some "paper" day trading: STKL, UHCO, TONS, OMNI, EXAS, ITRN, STSI, COSI, FLA, IKAN, NANX, SPEX, RUSHA, ANGO

Since the beginning of January the markets have been nothing but strong. Sure, anything can happen this year - the market could crash. But that is certainly not what is happening now.


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Posted by Ugly at 08:58 PM | Comments (0)

161 stocks closed at all-time highs

"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


SymbolPriceVolumeAvg. Volume% Vol. IncreaseCCI
AAPL80.868137024022571400%260.50
GOOG469.76907467510009000%-9.33
MRVL6589914193977250%126.07
XLF32.5667791008674620%-21.85
DIA110.0963907005775200%10.65
-- Click here for today's full list --


Posted by Ugly at 05:43 PM | Comments (0)

Brokeback Mountain (2005)

Brokeback Mountain is a love story. It is also a political movie. It will outrage and disgust many people and it will pierce the hearts of others. Movies and TV depict gay men as entertaining and feminine. It is a unique and learning experience for most to see them as rough cowboys and in an intense, deep love affair. For those in the audience who can get past their possible discomfort in "seeing two guys kissing," it is a very well done and touching story.

Posted by Ugly at 11:50 AM | Comments (0)

January 09, 2006

Ugly Picks

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

Dear Diary,
ENG is standing out.
HANS won't stop.
NG looks good.

My new kick is flax seed oil. I keep it in the freezer so it doesn't turn rancid. If flax oil turns rancid it becomes a source of harmful molecules known as lipid peroxides.
Flax seed oil is a rich source of many essential fatty acids (e.g. omega-3 fatty acid, omega-6 fatty acid and omega-9 fatty acid), and contains B vitamins, potassium, lecithin, magnesium, fiber, protein, and zinc. Basically it is the nectar of the gods. Pour it on hot oatmeal for breakfast or over steamed vegetables for dinner as a special treat. Sprinkle some nutritional yeast over it and you could probably smoke as many cigarettes as you want and never get cancer.


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Posted by Ugly at 11:11 PM | Comments (3)

212 stocks closed at all-time highs

"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


SymbolPriceVolumeAvg. Volume% Vol. IncreaseCCI
GOOG466.9127875469930650%28.76
DIA110.02104192005716690%82.25*
XLF32.5866932008791860%-23.87
CELG71.879951869482203440%135.40
MRVL62.059945061893938900%14.40*
-- Click here for today's full list --


Posted by Ugly at 05:43 PM | Comments (0)

January 08, 2006

Ugly Picks

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

Dear Diary,
AAPL made a new all-time high. Nice one.
I am in favor of ANGO.
ECLP broke strongly above long term resistance at $20.
Another good thing about being sarcastic when writing a stock market blog is that if you are wrong, you can say "I was only being sarcastic."
AMLN looks like it is finally, after all these years, getting up off of its lazy arse and doing something with itself.
Because of the incredible influence of uglychart.com, DEZ was up 20% on Friday after it was mentioned Thursday night.
Everyone is and should be watching RTK.
WTZ looks very nice too.

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Posted by Ugly at 10:36 PM | Comments (2)

The Ultimate Portable Computer

Based on the exponential growth of information technology - or more specifically, computing - it can be estimated that by the year 2080, a $1000 2.2 pound laptop will be able to compute 10E+42 calculations per second. This would have the capability to perform the equivalent of all human thought over the last ten thousand years in ten microseconds. It would function at the equivalent brain power of ten million billion human civilizations (p.134,135 of The Singularity is Near).
So what does this mean to investors and traders? Don't waste $100,000 on a Chinese nanny!

Posted by Ugly at 06:41 PM | Comments (2)

January 07, 2006

Chinese nanny

According to the China Daily, having a Chinese nanny is chic in New York's wealthier circles.

"I'm desperately seeking qualified Chinese women," he says. "Bring me one and I can give her a choice of ten top families." The in-demand nannies from Beijing or Shanghai can easily earn $100,000 per year with the right references -- $60,000 more than their colleagues from Old Europe, who used to be so popular.
It took six months for Jim Rogers and Paige Parker to find a nanny. For a while only unqualified candidates from New York's Chinatown answered their ads in Chinese-American newspapers.
"Most of them come from the countryside and speak Cantonese," says Rogers. "We didn't want that." Hilton Augusta will one day have to communicate with the business elite of Shanghai, and they speak Mandarin.
Other industries have also caught onto this trend: Toymakers now produce dolls that can say "My name is Ling" in both Chinese and English, and private schools like St. Hilda's & St. Hugh's in Manhattan have Mandarin classes for three-year-olds.

The article says that "many Americans believe China will overtake the US both economically and politically by 2040," which is about ten years after [see comments] five years before Ray Kurzweil believes the Singularity will occur. Actually, even with no Singularity and even if other Hilton Augustas do not have a "Mandarin chip" in their heads by then, I am sure machine translation will do the job just as well. Kurzweil has predicted that by 2012, machine translation will be powerful enough to dominate the translation field. MIT's Technology Review also listed universal translation and interpretation as likely "within a decade" in its 2004 list.

Posted by Ugly at 07:02 PM | Comments (2)

January 06, 2006

The Manhattan Pacifists

Ironically, the two scientists most responsible for creating the atomic bomb were both pacifists. Leo Szilard, the first scientist to seriously examine the science behind the creation of nuclear weapons was instrumental in the development of the Manhattan Project. Before World War II, "Szilard had considered the U.S. the one truly humane government in the world; that is why he chose to assist them, over everyone else, with the atomic bomb. He resigned from this view after the U.S. used the weapons at the conclusion of the war." He also argued that "if the Germans had dropped atomic bombs on cities instead of us, we would have defined the dropping of atomic bombs on cities as a war crime, and we would have sentenced the Germans who were guilty of this crime to death at Nuremberg and hanged them." Albert Einstein considered himself a pacifist. He once said, "I believe Gandhi's views were the most enlightened of all the political men of our time. We should strive to do things in his spirit: not to use violence for fighting for our cause, but by non-participation of anything you believe is evil."

Posted by Ugly at 08:36 PM | Comments (2)

193 stocks closed at all-time highs

"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


SymbolPriceVolumeAvg. Volume% Vol. IncreaseCCI
AAPL76.32514885022365200%12.44
GOOG465.66177516649712380%82.77
AMLN41.97100771941893290%432.25
DIA109.5290173005669200%59.05
OIH14075584008022000%-5.77
-- Click here for today's full list --


Posted by Ugly at 05:43 PM | Comments (5)

Ray Kurzweil on NPR

Ray Kurzweil was interviewed on Talk of the Nation, which aired December 23, 2005. The 30 minute interview discusses the Singularity and the exponential growth of information technology.
Ray began thinking about these trends as an inventor. He wanted to make sure that his inventions would be useful by the time they were invented, produced and sold.
The more I think about this stuff, the more convinced I become. Change is accelerating at such a pace that it makes it difficult to plan for the future. For example, if the Singularity occurrs in 25 years, why should I save for retirement? The world will be a dramatically different place which, by definition, is impossible to imagine.
It will be the end of the world as we know it.
If anything, it inspires one to "never put off till tomorrow what can be done today."

Posted by Ugly at 02:14 PM | Comments (0)

Ugly Picks

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

Dear Diary,
TRE got killed today and offered dummy traders a nice low risk spot to short it:

Bad news and FXEN is getting dumped on, too.
HAUP is looking saucey.
DIET is moving out of a range and should be watched carefully.
As I said before, I am very optimistic about SPIL.
DEZ looks pretty damn nice, too.
TRAD made a new high. Great job.

I think I will begin trading the week of Jan 16.


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Posted by Ugly at 01:50 AM | Comments (0)

January 05, 2006

Aubrey de Grey, Mprize on 60 Minutes

Unlike 19.7 million other people, I missed the January 1st episode of 60 Minutes, featuring Aubrey de Grey, Ray Kurzweil (Ray's interview was cut from the segment but remains in the video teaser on the website) and immortality. Luckily this episode is available as a torrent or direct download. The transcript is also available here. This positive report will surely help raise the Mprize and soon it will be a real motivating financial incentive, and not just a publicity stunt.

Posted by Ugly at 06:30 PM | Comments (0)

101 stocks closed at all-time highs

"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


SymbolPriceVolumeAvg. Volume% Vol. IncreaseCCI
GOOG451.24107768609685420%11.26*
GILD56.6244257014127320%7.22*
MRVL60.1642949703880460%10.68
EWZ35.923658001361500%73.76*
CELG6623384882077680%12.55
-- Click here for today's full list --


Posted by Ugly at 05:43 PM | Comments (6)

January 04, 2006

144 stocks closed at all-time highs

"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


SymbolPriceVolumeAvg. Volume% Vol. IncreaseCCI
GOOG445.24151974659839420%54.45
OIH138.1798338007989600%23.08*
IMGC35.353855190164657%2241.34
BJS39.7938448003563500%7.89
EWZ35.7531587001328520%137.76
-- Click here for today's full list --


Posted by Ugly at 05:43 PM | Comments (0)

January 03, 2006

Ugly Picks

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

Dear Diary,
What a way to start the new year.
LKQX looks nice.
THOR is a stock I will watch for day trading.
It is not making new all-time highs, but ARNA is acting bold.
It would be unwise to ignore SPIL. I am optimistic about SPIL.
Actually, I am optimistic about the following stocks: LKQX, NWRE, EGO, DBRN, AUY, HLEX
WMG looks interesting too.
GRS is a force.

I've been getting things together to start trading in a couple weeks. I have to get health insurance, a second backup ISP, some computer equipment, etc...


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Posted by Ugly at 09:58 PM | Comments (1)

107 stocks