Having been in the business for 12 years, I have thought about how difficult it is for newcomers to understand the :"lingo" of the trade-so as a public service gesture, I have decided to offer a basic list of investment terms and their definitions to makeit easier for new and experienced FOOLS to understand the markets. [more]
CNBC prognosticators predicting we break the old highs. Mass perception that the Fed (insolvent as it is) has our backs...the Bernanke "put". High frequency trading blowing shorts on every possible short setup. MOMO stocks like GMCR, NFLX, PNRA, CMG, WFMI having what look like blowoff top patterns. PE's of 50-100 now "expected". Cramer still uring his followers to buy buy buy his FADSCAN. Value stocks like ABT completely ignored. Market grinds higher every day on low volume, destroying shorts in the process. BAd news we rally. Decent news we rally. If you are a beloved stock, bad news pumps you back up. If you are loathed (CSCO) you are puked into the garbage. [more]
Dissapoints again. Just goes to show things that seem valuable can become "more valuable". [more]
Every time I touch this thing it drops 10% in 2-3 days. Each time the chart shows some support it fails. Dividend yield over 6%, aand in a dividend hungry world, one would think it would price some underlying support to the stock.
Somethings up here. Either market doesn't believe in the dividend...or....??
The prevailing view is that central banks and bankers (who control the world and governments) will do anything and everything to push assett prices higher. Investors trade accordingly. They may be right. And as long as the good ship QE sails, shorting is a selective and quick proposition. [more]