Seeking Alpha
View as an RSS Feed

Dr. Duru  

View Dr. Duru's Comments BY TICKER:
Latest  |  Highest rated
  • Australian Dollar, British Pound And Siemens Emerge Stronger Post-Cyprus [View article]
    Will do! Interesting developments today. I am getting more and more bearish on the euro now. I hope to write some more on that soon.
    Mar 25, 2013. 03:55 PM | Likes Like |Link to Comment
  • Australian Dollar, British Pound And Siemens Emerge Stronger Post-Cyprus [View article]
    Projections in forex are always precarious and are more likely to change the further out you try to look. Instead of projection, I will give my sentiment:

    EURGBP: bearish - stop out above .88 (recent highs). Take some profits at .82 (50-day moving average).

    GBPCHF: Neutral to bullish. Likely redundant to EURGBP given EURCHF is likely to maintain the 1.20 floor. CHF should trade inversely to the euro for most pairs.

    NZDCHF: Unfortunately, I do not follow NZD.

    I hope that helps a little.
    Mar 25, 2013. 12:29 AM | Likes Like |Link to Comment
  • Cyprus: Low Volatility And Risky Plans [View article]
    The British pound proved its mettle at least holding against the U.S. dollar. A LOT of forex-sensitive news this week between the Bank of England and the Federal Reserve. There are plenty of fireworks to come.
    Mar 19, 2013. 12:44 AM | Likes Like |Link to Comment
  • Cyprus: Low Volatility And Risky Plans [View article]
    Thanks for that reference. I hope to spend some more time studying what happened in Ukraine.
    Mar 19, 2013. 12:42 AM | Likes Like |Link to Comment
  • Cyprus: Low Volatility And Risky Plans [View article]
    Good analogy. We have not really felt the pain until inflation really kicks into full force....
    Mar 19, 2013. 12:41 AM | Likes Like |Link to Comment
  • Cyprus: Low Volatility And Risky Plans [View article]
    At a bare minimum, small depositors should have been left alone so that at least the Cyprus government could say that its guarantees mean something. Now, nothing they do or so can be trusted, and the people will have every incentive to look elsewhere to stash their future earnings - such as they will be for a while.

    Cyprus may become an interesting experiment in what happens to a banking system that essentially has no guarantees for anyone. Marc Chandler mentioned that Italy instituted a tax on deposits in order to pay down debt to qualify for EMU entry. I am not sure whether the funds seized came from guaranteed deposits, but at least the people could rationalize paying down their OWN debts (yes, taken on their behalf by the govt) to pay the cost of entry of something they presumably wanted.
    Mar 19, 2013. 12:39 AM | Likes Like |Link to Comment
  • Cyprus: Low Volatility And Risky Plans [View article]
    I agree. Incentives have been forgotten, but this is perhaps because Cyprus has reached a desperate point in figuring out how to keep the banks afloat. I don't see how they avoid a bank run no matter what they do at this point.
    Mar 19, 2013. 12:32 AM | Likes Like |Link to Comment
  • Cyprus: Low Volatility And Risky Plans [View article]
    Interestingly, the stock of mattress companies have been beaten to death (stuffing beat out of them?) the past few years. Perhaps THEY are good buys now....
    Mar 19, 2013. 12:29 AM | Likes Like |Link to Comment
  • Poor Consumer Sentiment Underlines Poor Participation In Market Highs [View article]
    I definitely mean impressive in terms of price action alone. Agreed that stock market gains (recovery) have yet to trickle down in a notable way into the real economy...
    Mar 15, 2013. 12:48 PM | 1 Like Like |Link to Comment
  • Apparent Lack Of Negative Sentiment On Apple Makes It Hard To Call A Bottom [View article]
    Thanks. You also reminded me that I didn't do my own rough calculation on what the market seems to be assuming about a future deep dive in Apple's earnings potential...
    Mar 11, 2013. 10:11 AM | Likes Like |Link to Comment
  • Apparent Lack Of Negative Sentiment On Apple Makes It Hard To Call A Bottom [View article]
    That's correct. Short interest in AAPL is very small and it has not grown for quite some time....
    Mar 11, 2013. 10:08 AM | Likes Like |Link to Comment
  • An Historic Black Friday Trade Continues Down Its Bullish Path [View article]
    Both are still in use, but "a historic" is the more popular choice with "an historic" waning in the U.S. British English recently started changing. Data and details here: http://bit.ly/ZvaGEM

    I am duly noting to use "a historic" next time to avoid the distraction, and I am going to ask SA editors to make the title change.
    Mar 7, 2013. 08:23 PM | Likes Like |Link to Comment
  • An Historic Black Friday Trade Continues Down Its Bullish Path [View article]
    Yes, as I noted, Black Friday 2011 is in the special category of Black Friday's where the market has yet to roll back the gains.
    Mar 7, 2013. 08:19 PM | Likes Like |Link to Comment
  • An Historic Black Friday Trade Continues Down Its Bullish Path [View article]
    I have duly noted to avoid using reticent (in the wrong way) and multi-tasking. I actually now agree with those that say multi-tasking is a delusion and we are really doing context switching at a very rapid rate...doing everything poorly in the process....
    Mar 6, 2013. 11:26 PM | Likes Like |Link to Comment
  • Apparent Lack Of Negative Sentiment On Apple Makes It Hard To Call A Bottom [View article]
    Article published a day after I originally wrote it, so quick technical update...

    AAPL bounced nicely on Tuesday after tagging the lower "Bollinger Band" which even in this downtrend has tended to favor a quick bounce for AAPL. However, the stock has established a new, steeper downtrend that has diverged from the 20-day moving average. Tuesday's sharp rally also stopped right at the presumed support (now resistance) at $431/432.

    I would like to think the recent low of $420 will hold as "the bottom" finally, but there is no evidence yet to suggest a firm bottom was put in place...
    Mar 6, 2013. 05:50 AM | 1 Like Like |Link to Comment
COMMENTS STATS
1,863 Comments
532 Likes