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joelbow7 (< 20)

August 2007

Recs

2

Only one day to go in the Foolery contest... I am the leader but barely!!

August 31, 2007 – Comments (2)

Well Woo Hoo!!!  My lead is exactly 8 points with one day to go.  :)  I guess I will blog about winning or losing tomorrow and keep it short and sweet (as I am sweet!)  tonite.  I am a bit tired after my first day on a new job.  Have a woo hoo day everyone!!! :)

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2

OK only two days to go as the the Foolery Leader! woo hoo!!

August 30, 2007 – Comments (0)

Ok I have tried limiting my time on the site lately (crunch time!!) ... still up 18 points in the contest so I will keep praying (of course!)   :)  This is still a lot of fun and to be honest when I made the promise that I would blog every day that I was in the lead I had no idea that it would be so many days in a row!!  Woo hoo!  Well I hate to rag on the same issue again in my link of the day but this is my blog so I will anyways!  :)  The link ( http://www.prudentbear.com/index.php?option=com_content&view=article&id=4738&Itemid=57 ) sings the sad subprime song.   The "dark side of the moon" is yet to be seen in all the credit markets.   Have a fun sunny woo hoo day!! :)  [more]

Recs

3

Down to the Wire as the my narrow lead in the Foolery Contest continues!! Woo HOO!

August 29, 2007 – Comments (1)

Well its getting closer... only a 20 point lead for the last 3 days of the contest.  Still woo hoo though!! :) :)  ( I am still praying for favor from God though!! )  It does appear that my prediction of further weakness in the financials certainly happened today after the Fed notes (supposedly) caused more anxiety in the markets.  I think more strong action by the Fed will happen soon and probably cause another 50% retracement rally soon (after another few down days) but they will probably wait until after the holiday to act unless a real panic happens.  Another woo hoo for me today is that I found a new job so I will start that in the next few days. :)    My link of the day is this interesting analysis of the inverted yield curve appearing yet again ( http://globaleconomicanalysis.blogspot.com/2007/08/is-more-panic-coming.html )  and it pretty much confirms what I have said before in this market:  If you are long in the market hedge your positions!!!  You never know what might cause the financial panic to really explode.  Well have a woo hoo day everyone!! :)  [more]

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3

So I am counting the days... woo hoo! Four days Left in the Foolery contest!

August 28, 2007 – Comments (0)

Another decent day (+23) in the lead and one less day to go before this ends!  Woo Hoo!  The weakness in the financials continue. (yes Virginia it still has a ways to go yet!)  Well I have to admit that I was busy job-hunting again today so my reading today was limited ... lets see what is on the implode-o-meter today. :)  Hmm!!  ( http://www.reuters.com/article/marketsNews/idUKN2720366720070827?rpc=44 )  So IndyMac is junk and WaMu is OK??  Well I don't think I need Moody's to tell me that.  (giggle!)  It seems that the more I read about the ratings agencies the less I trust them.  I guess that's why I am always searching the alternative sources for information since it seems like the big money players are always trying to keep investors like you and me in the dark.  Well all i can say that at least 2 times this year I have managed to analyze the information that I have found and make picks that will (I pray and hope and pray!) make me a 2 time Motley Fool Caps contest winner this year.  :)  I pray that you all have a woo hoo day! :)  [more]

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2

It's almost over.... one week to go in the Foolery Contest for the leader! Woo Hoo!

August 25, 2007 – Comments (1)

:)  Its nice to go into the weekend with a decent up day in the contest (+28) and it still looks pretty good for my shopping trip :)  I like to shop too much! lol!  To top it all off it was actually sunny here today in the Seattle area too which is a wonderful treat as well :)  Woo Hoo!  My link of the day is this almost humorous article ( http://www.bloomberg.com/apps/news?pid=20601039&refer=columnist_gilbert&sid=aby6oZLK3dnE ) about the central banks playing a game of `Whac-A-Mole' in the credit markets! I guess it would be funnier if things didn't look so serious in those markets but I had to laugh at the inventive terms used by this writer!  :)  Well done Mr. Mark Gilbert!!  Have a wonderful sunny woo hoo weekend!!  [more]

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2

I love the Foolery contest!! Still #1!! Woo Hoo!!

August 24, 2007 – Comments (0)

Well it was a quiet day in the market although I did notice there was a bit of weakness in the Financials again ( SKF is gaining again ).  Of course I just wish this contest was over already!!  :)  ( still 6 market days left though!!)  I like to have fun but I want to cut down the drama on this contest already :)   I still am busy job hunting but I did have a few moments to look at this link of the day ( http://www.321gold.com/editorials/willie/willie082307.html ) speaking of desperate measures for the US Fed.  The chart of the 3 month t-bills is amazing!!  It suggests that the Fed has lost control of the situation at the very least.  I think a dollar crisis might come soon after the rate cuts ( of 150 basis points!!! ) that the market is screaming for so as I have said before:  Hedge your long positions and hang on for a very bumpy ride.  I wish you all a woo hoo day!!  [more]

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1

The foolery #1 countdown continues... 7 market days to go!

August 23, 2007 – Comments (0)

Well Woo Hoo!!!!  I actually had an up day for a change and it seems that my lead is still pretty nice too!!  I need some new shoes to be honest!!! (giggle!)    [more]

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2

Still praying and hoping I keep staying at the Foolery Contest #1 !!

August 21, 2007 – Comments (0)

Well it's getting down to crunch time... only 8 market days until this contest is over!  :)  Well woo hoo!!  I just wonder if there will be any news in the next few days that will help my picks... well only God knows! :)  In the meantime,  I am just going to have a woo hoo time!!  Actually I am pretty busy right now trying to find a job so I have not been keeping up with the market as much as I usually do.  :)    [more]

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2

Been busy lately.. still #1 in Foolery tho!

August 21, 2007 – Comments (0)

:)  Woo Hoo!!!  Somehow I just stay in the lead... :)   I think my weekend actually was a bit more exciting as I got to see a Josh Groban concert this weekend... omg!  It was sooo awesome!  :)  OK I admit it ... I am a hopeless romantic!  Well I enjoy the stock picking too I think :)    [more]

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2

2 weeks to go in the Foolery contest... :) Still #1! :)

August 17, 2007 – Comments (0)

Well woo hoo!!  I am somehow hanging on but I still lost a bunch today... my CAPS look especially bad (300 to zero in 3 days!)  The only way I win this thing is by the grace of God!! :>)     I think the best news I have today is that I am popular now since I now have the little heart icon!!  So cute!!  Woo hoo!  :)     [more]

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2

wowies! this Market is crazy! (still #1 in Foolery contest tho!)

August 16, 2007 – Comments (0)

Well Woo Hoo just beacuse I am number 1 in the Foolery.  The market however went bigtime against me today... I lost 70+ points in the contest today but on the positive side I closed my SKF position in my real account early this morning for a nice 13% gain in 5 days.  :)   Once again I will state the obvious that there are still huge issues out there in the financials (for example Countrywide stating that Prime mortgage borrowers are having problems) and honestly anyone who is long out there should really be careful.  Hedge your positions!!  This market can turn on a dime!    [more]

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2

Here I am again!!! :) (woo hoo!)

August 15, 2007 – Comments (0)

Well I missed yesterday but I am still having fun as I am hanging on to the Foolery Contest lead!! Woo Hoo! Now there is a new Wii contest too and currently I am number 2 there!  So I guess I might have to add Wii!! (lol) to my woo hoos!  ( Ok it is waaay early there yet)  TMA hurt me in the Foolery contest today but I think that one will come down again (If you delay your dividend for a month you must have some problems!)  My of the day is the Up down contest site:   [more]

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1

A great day in the Foolery Contest!!! Woo Hoo!

August 13, 2007 – Comments (3)

Well two of my underperforms (LEND & TMG) did well for me again!  Woo Hoo!!  :)   Probably some of you are getting bored by me being at #1 so long but it is exciting for me as I can see the end will come soon :>)   What is even more amazing is that this would be my 2nd CAPS contest win this year if I indeed do hang on and win.  My link of the day is ( http://www.moneyandmarkets.com/press.asp?rls_id=892&cat_id=6 ) which talks about the financial crisis caused by the mortgage mess and the $415 trillion (!) of derivatives currently on the books. This is going to blow up eventually probably sooner then later.... Have a woo hoo afternoon!!  :)  [more]

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1

Only 3 weeks to go!! :) Still Foolery #1!!!

August 10, 2007 – Comments (0)

It's truly amazing that this is going so well for me... Woo hoo!!!   :)  Today it was Countrywide leading the subprime sector down and my top underperforming pick was TMA (Thornburg Mortgage). LEND bounced up pretty good today but I still don't think that the buyout is going to happen so I expect that it will go down again as well soon.  My link of the day is (  http://www.pennysleuth.com/issues/2007/08_10_07.html ) sheds some light on both AIG ( who has a huge exposure to subprime )  and a small insurance company ACA Capital (ticker ACA) who has insured $61 billion of credit derivatives (CDO's) to almost all the large investment banks.  It would be a huge hit to those banks if ACA goes belly up.  Their shares are already down over 50% in the last few weeks. Hmm!!  Have a wonderful woo hoo weekend!! :) :)  [more]

Recs

4

Another day at foolery number #1!

August 09, 2007 – Comments (0)

Woo Hoo!!  I was a bit disappointed I didn't do better on the picks but still my lead is bigger then yesterday so I am happy!  :)  My best performer today was SKF (the ultrashort financial sector ETF)  which is a position that I currently have open in my real trading account... so woo hoo on that too!  My link of the day is ( http://www.bloomberg.com/apps/news?pid=20601039&refer=columnist_gilbert&sid=apu4amEHaEOI ) which is a Bloomberg commentary on the peculiar actions of the S&P in which they are raising the debt ratings on some of the investment banks being hit hard by the credit crisis.  Personally it smells like a conflict of interest to me at the very least.  At least they downgraded Bear Stearns but I think S&P is going to look foolish very soon.  Have a woo hoo day!!  [more]

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1

Woo Hoo! To You and You and You!!

August 08, 2007 – Comments (0)

So sue me... I Love the Sound of Music!! lol!!  Once again the Financial sector heads up ( so I lose some points ) but since 2nd place lost 75 points I have my biggest lead so far in the Foolery contest!!  Woo Hoo!  My big underperforming 4 ( AHM, RAS, LEND, and FMT ) all currently have 50+ scores.  My only question for today is who in the world is buying Bear Stearns??  (BSC)  After seeing this story about filing bankruptcy in the Caymans ( http://www.bloomberg.com/apps/news?pid=20601087&sid=awRQv0XawGk0&refer=home ) I just wonder what the heck are they trying to hide?   Of course I have an underperform on Bear in the contest so I think more bad news is on the way for Bear Stearns.  Have a Woo Hoo day everyone!! :)  [more]

Recs

3

Still the One!! (in the Foolery contest that is!!)

August 07, 2007 – Comments (1)

Woo Hoo!!!  It amazes me how close this contest is currently and my lead can't be very big since the lead switches back and forth all day long (even after the close today!)   I have to say it is almost addictive (although shoe shopping is fun too!) and with that prize on the line a win would pay for a nice shopping spree too! :)   Since the Fed didn't ease today I think the decline in my financial stocks will continue and the following link ( http://efinancedirectory.com/articles/Alt-A_Mortgage_Loan_Trouble_Will_Negatively_Impact_Sales_and_Home_Values.html ) makes a strong case for the Alt-A sector to continue to have problems.  Well woo hoo to you all and cya soon!  [more]

Recs

2

How did I stay in the Foolery lead?? ( Woo Hoo!)

August 06, 2007 – Comments (0)

Well Woo Hoo anyways!! lol!  It seemed like everything I picked just went the other way (a lot of my stocks in Caps were bad too) but somehow I still am in the lead.  :>)    I am not sure if this is a dead cat bounce or a retracement of the correction underway ( but I lean toward it being a 50% retracement)  I still think there is a lot of bad news yet to be announced and it is just a matter of time before the Financials start another leg downwards.   [more]

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4

Back to being the Foolery leader!! Woo Hoo!!

August 03, 2007 – Comments (0)

Well the dead cat bounce is over so I am in the lead again!  Woo Hoo!!!!  Once again the lead is ever so small but I expect that to be the case until the finish.  One website I love to read for the truth in the Mortgage lending sector is (  http://ml-implode.com/ ) the Mortgage Lender Implode - O - Meter.  Lots of good article links and of the course the current count of "imploded" US lenders (Now 109!!)  Have a great weekend everyone and do something that makes you say "Woo Hoo!!".  [more]

Recs

1

Well the dead cat bounces me back to Foolery Contest #2

August 02, 2007 – Comments (0)

Well no woo hoo today as the the "dead cat bounce" took many of my underperform stocks back up today.  I am sure that I will bounce back as stocks like LEND underperformed nicely today but that's the market for you!  This Business Week article ( http://www.businessweek.com/investor/content/aug2007/pi2007081_127444.htm ) confirms my suspiscion that more financial stocks will join the trend lower before this is all over.  Good luck all!  [more]

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3

Still the Foolery leader!

August 01, 2007 – Comments (1)

Well it's still a pretty small lead but I guess I will try to blog every market day that I am in the lead! :)  Woo Hoo!!  The original inspiration for 12 of my picks in this contest came from Jim Cramer's article about "The Subprime Dirty Dozen" (link  http://www.thestreet.com/_yahoo/funds/stoptrading/10344470.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA ) I decided to pull the trigger after I started seeing the bad news on 7/11/07 (Of course I could make a bad joke here about going to the 7-11 but I digress)  I still think we are going to see more bad news in the investment bank sector before too long (hopefully by the end of the month!)  My main adversary here has shorted the housebuilders so I guess I will have to see which sector turns out to be the worst.  :)  [more]

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3

Foolery Contest #1!

August 01, 2007 – Comments (1)

As of close of market today 7/31/07 I am the leader!!!   Woo Hoo!!  What is really funny is that one of the picks that helped me win a previous contest (AHM) is once again my star performer on the underperform side.  AHM also gave me my score 100 tag today on CAPS.  A great day for my picks! :)

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