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O. Young Kwon
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O. Young Kwon, NYU Ph.D. in Economics had worked in securities industry for ten years as a Registered Investment Adviser. He taught Macroeconomics and Statistics. Prior to his academic career, he was an Economist/Bank Supervisor at the Bank of Korea (the Fed's counterpart). In 2009 he set up the... More
  • Learn TANER: A Winning Strategy
    There are three major investment markets: (a) equity (including ETF, option, equity mutual fund), (b) fixed-income security (corporate bond, treasury, and their mutual fund), and foreign exchange. This article, as the title clearly point to, focuses exclusively on the equity market with three stocks among the 60 equities in the TANER System, which was introduced in the previous article, TANER (part one). The major difficulty of this writing is threefold. The first is I have quite a wide spectrum of readers in terms of their trading experience, trading preference (long, short, or both), trading knowledge (about information, technique, or data), degree of independence, and computer skill (internet). The second is I have a broad range of professional readers in different areas such as brokerage, hedge fund, mutual fund, rating agency, insurer, bank, regulator, etc. I assume that I am reaching you not only within the U.S. but also, perhaps, globally. The third difficulty is how much I disclose my trading records without misleading you, but also without unintended over-disclosure, or without showing its limitations in my discussion.
     
    As a result, I decided to proceed as follows. (a) My three extra activities (“Riding Tigers,” “Day-Trading’” and “Long Shorts”) are divided into three separate articles. (b) For somewhat less sophisticated readers, I allocate the first part (of each article) for basic theory-oriented introduction. The subjects are Equity Price Theory, Machine vs. Human Being, and Auto-Pilot Portfolio. And (c) Only trading records of non-holdings (without purchase costs and their proceeds) is presented
     
    (1)     Equity Price Theory
     
    Price theory in Microeconomics teaches us that an equilibrium price of any commodity (in this case, equity) is determined by supply and demand schedules. Most of us do not know how markets bring that equilibrium price precisely, because we do not care about it. For my presentation, however, I have to touch briefly on the precise interaction process of supply and demand forces toward an equilibrium. That is the only way for me to explain (a) why high-beta equities such as BIDU (1.79), compared to low-beta equities such as MCD (0.53), are acting differently, (b) why “equity price theory” has not been developed at the first place, (c) what kind of information and data we should search and compile, and how to analyze and how to use them for our trading, (d) why this kind of research does not produce, quite often, the intended results, compared to more “simple” technical approach with some charts, (e) why I shy away from all available reports, recommendations, forecast, charts, brokerage services as a main ground for my investment decision, (f) why I invented the TANER System, which allows only the closing prices of members to enter, and (g) why the products of TANER are worth reviewing. (I will give you my answers in the next articles piecemeal.)
     
    The first step to understand the equilibrium process is that we must distinguish movements along the curve and movements due to shift of curves. Is this distinction too abstract? Let us proceed with a simple mental exercise. Imagine a supply curve, sloping upward to the right, and a demand curve sloping downward. The vertical axis is price and the horizontal axis is quantity. Let us assume that the current price is above the equilibrium price, and that the market develops an excess supply, which brings price down along the supply schedule to the left (meaning reducing supply due to competition among sellers), and along the demand schedule to the right (meaning increasing demand through competition among buyers). When you watch the MCD quote, you feel this process in some degree. How about BIDU or NFLX? It looks like a tiny airplane through storm at a certain moment.
     
    Think about why these are so different. The short answer is that BIDU is a tiger (high beta), while MCD is a turtle (low beta). The curves of turtles are relatively flat and stable. The curves of tigers are stiff (BIDU has almost vertical curves, which are twisted and disconnected in some portion). The stiffer the curve the more the price change. What are possible reactions of investors? They are chasing only tigers in the short run, ignoring good turtles which are adding substantial steady gains over a longer run. The final question is what causes shifts of curves. Earning surprises, new equity issues, dividend changes, M&A, regulation changes, buy-back plans, inside trading, brokerage (or rating agency) recommendations, and all local and global news are the main causes. Can you reasonably believe that you can cover all relevant information for only one tiger, say NFLX? I am afraid of hearing the answer “yes.” Last week (Dec.13-17) I witnessed many articles, reports, comments, views, predictions, and curses, related to NFLX. All investors of NFLX cannot be winners simultaneously. The market rule is that an investor can win only by beating the other guy. That is why everybody is chasing the best information to edge up to others.

     
    I propose the following conclusion: “The Tiger Rule.”
                        
                              The Tiger Rule
     
    Rule 1 : Each Bet is Strictly Independent. 
     
    Rule 2 : 2 or 3 Tigers Only . 
     
    Rule 3 : Maximum Commitment : 5% of Capital    
     
     
    DISCLAIMER : The Tiger Rule is my own rule, which may not necessarily be suitable for you. Some adjustments based on your situation are required in case you want to adopt it.
     
    Some clarifications of the Rule : Rules 2 and 3 are straightforward. Rule 1, however, needs further clarification. The betting size and term depend on (a) the shape of supply and demand curves and (b) human judgment. Supply and demand curves are not directly observable.
     
    Riding Tigers is just one of my three extra activities (“Riding Tigers,” “Day-Trading’” and “Long Shorts”), and is still in the process of development. So far, my experience dictates the following.
     
    "The stiffer the curves of the supply/demand schedule, and or, the swifter the shift of the schedule, the smaller the betting and/or the shorter the term."
     
    The second issue (b) is a question of an optimal contribution level of human beings (and its justification) to successfully implement the pure unbiased outputs of a machine,(TANER in this discussion), You can capture my views in the forthcoming series...
     
    Baidu, Inc (BIDU), Netflix (NFLX), and Chipotle Mexican Grill have been quite volatile through the entire year OF 2010.
     
    The following table is a list of actual consolidated tiger trades this year. The columns of cost ($) and sale proceed ($) are hidden.
     
     

     
      
     
    SYMB
    B DATE
    B PRICE
    S DATE
    S PRICE
    COMM
    G/(L) %
    #DAY
    NFLX
    6/3/2010
    $112.78
    6/10/2010
    $119.02
    $0.00
    5.5%
    7
    NFLX
    7/8/2010
    $116.78
    7/12/2010
    $119.64
    $0.00
    2.4%
    4
    NFLX
    7/20/2010
    $117.13
    7/21/2010
    $123.25
    $5.90
    3.5%
    1
    NFLX
    7/23/2010
    $103.08
    7/23/2010
    $108.64
    $5.90
    4.2%
    0
    NFLX
    7/26/2010
    $102.40
    7/27/2010
    $104.67
    $5.90
    1.6%
    1
    NFLX
    7/28/2010
    $102.59
    7/30/2010
    $101.65
    $0.00
    (0.9%)
    2
    NFLX
    7/29/2010
    $96.66
    7/30/2010
    $101.65
    $0.00
    5.2%
    1
    NFLX
    8/2/2010
    $101.46
    8/4/2010
    $106.85
    $0.00
    5.3%
    2
    NFLX
    8/5/2010
    $106.58
    8/5/2010
    $108.52
    $0.00
    1.8%
    0
    NFLX
    8/6/2010
    $108.90
    8/10/2010
    $124.25
    $0.00
    14.1%
    4
    NFLX
    8/17/2010
    $134.94
    11/22/2010
    $183.85
    $5.90
    36.0%
    97
    NFLX
    8/18/2010
    $129.00
    11/29/2010
    $194.93
    $5.90
    50.9%
    103
    NFLX
    8/23/2010
    $128.56
    9/1/2010
    $130.78
    $0.00
    1.7%
    9
    NFLX
    8/31/2010
    $122.60
    9/1/2010
    $130.78
    $0.00
    6.7%
    1
    NFLX
    9/10/2010
    $146.70
    9/13/2010
    $148.71
    $0.00
    1.4%
    3
    NFLX
    9/14/2010
    $146.87
    9/22/2010
    $152.60
    $2.95
    3.7%
    8
    NFLX
    9/28/2010
    $161.81
    9/29/2010
    $164.21
    $5.90
    1.2%
    1
    NFLX
    9/30/2010
    $167.68
    10/21/2010
    $173.06
    $5.90
    2.9%
    21
    NFLX
    9/30/2010
    $163.03
    10/26/2010
    $173.99
    $5.90
    6.3%
    26
    NFLX
    10/1/2010
    $159.99
    10/21/2010
    $170.97
    $4.95
    6.6%
    20
    NFLX
    10/28/2010
    $174.41
    11/10/2010
    $175.84
    $5.90
    0.5%
    13
    CMG
    2/2/2010
    $99.99
    3/1/2010
    $107.39
    $0.00
    7.4%
    27
    CMG
    9/9/2010
    $163.19
    9/10/2010
    $164.44
    $0.00
    0.8%
    1
    CMG
    9/29/2010
    $176.07
    10/5/2010
    $177.50
    $5.90
    0.5%
    6
    CMG
    10/28/2010
    $210.50
    11/4/2010
    $222.29
    $5.90
    5.3%
    7
    CMG
    12/6/2010
    $235.53
    12/7/2010
    $241.52
    $0.00
    2.5%
    1
    BIDU
    2/9/2010
    $439.90
    3/8/2010
    $534.50
    $0.00
    21.5%
    27
    BIDU
    7/12/2010
    $71.06
    7/13/2010
    $73.31
    $0.00
    3.2%
    1
    BIDU
    8/5/2010
    $85.73
    8/10/2010
    $87.89
    $0.00
    2.5%
    5
    BIDU
    10/6/2010
    $102.30
    10/18/2010
    $102.55
    $3.84
    0.1%
    12
    BIDU
    10/6/2010
    $102.30
    10/18/2010
    $104.68
    $3.84
    2.2%
    12
    BIDU
    10/6/2010
    $102.30
    10/22/2010
    $107.75
    $3.54
    5.2%
    16
    BIDU
    10/6/2010
    $102.30
    10/25/2010
    $109.62
    $3.54
    7.0%
    19
     
     
     
     
     
     
     
     
    33
    P/(L)
    TRADINGS
     
    MEAN
    $2.65
    6.6%
    14
     
     
     
     
     
     
     
     
     
    NOTE:   
     
    • Loss (-0.9% on 7/30/2010)                     
    • Day-trading (8/5/2010 & 7/23/2010)         
    • Longest Holding : 103 days         
    • COMM : two-way commissions                      
    Tiger in The Tiger Rule has no relation with Tiger Woods.
    Jun 13 5:14 AM | Link | Comment!
  • Riding Tigers (NFLX, CMG, and BIDU) : The 2010 Record
     
                              The Tiger Rule
     
    Rule 1 : Each Bet is Strictly Independent. 
     
    Rule 2 : 2 or 3 Tigers Only . 
     
    Rule 3 : Maximum Commitment : 5% of Capital    
     
     
    DISCLAIMER : The Tiger Rule is my own rule, which may not necessarily be suitable for you. Some adjustments based on your situation are required in case you want to adopt it.
     
    Some clarifications of the Rule : Rules 2 and 3 are straightforward. Rule 1, however, needs further clarification. The betting size and term depend on (a) the shape of supply and demand curves and (b) human judgment. Supply and demand curves are not directly observable.
     
    Riding Tigers is just one of my three extra activities (“Riding Tigers,” “Day-Trading’” and “Long Shorts”), and is still in the process of development. So far, my experience dictates the following.
     
    "The stiffer the curves of the supply/demand schedule, and or, the swifter the shift of the schedule, the smaller the betting and/or the shorter the term."
     
    The second issue (b) is a question of an optimal contribution level of human beings (and its justification) to successfully implement the pure unbiased outputs of a machine,(TANER in this discussion), You can capture my views in the forthcoming series...
     
    Netflix (NFLX), Chipotle Mexican Grill (CMG), and Bidu.com (BIDU) have been quite volatile through the entire year. BIDU seems to recently settle at around the $100 range, which is $1,000 on a prior-split (10 to 1 on 5/12) basis. NFLX has advanced strongly (almost vertically) all year until heating a top ($206.80) on 11/30. It had enjoyed a great upward momentum after BB’s fall. News of CMCSA TWX, CSTR, and all related firms have continuously generated lots of recommendations, tips, charts, reports, rumors, noises, emotions, hunches, cries, excitement, and even curses. Anyway, NFLX is the king of tigers this year. It is now flying with a harsh head wind. We simply do not know its journey next year. CMG is showing a little bit different perspective. It seems to anchor around 230.
     
     
     

     
      
    The following table is a list of actual consolidated tiger trades this year. The columns of cost ($) and sale proceed ($) are hidden..
     
    SYMB
    B DATE
    B PRICE
    S DATE
    S PRICE
    COMM
    G/(L) %
    #DAY
    NFLX
    6/3/2010
    $112.78
    6/10/2010
    $119.02
    $0.00
    5.5%
    7
    NFLX
    7/8/2010
    $116.78
    7/12/2010
    $119.64
    $0.00
    2.4%
    4
    NFLX
    7/20/2010
    $117.13
    7/21/2010
    $123.25
    $5.90
    3.5%
    1
    NFLX
    7/23/2010
    $103.08
    7/23/2010
    $108.64
    $5.90
    4.2%
    0
    NFLX
    7/26/2010
    $102.40
    7/27/2010
    $104.67
    $5.90
    1.6%
    1
    NFLX
    7/28/2010
    $102.59
    7/30/2010
    $101.65
    $0.00
    (0.9%)
    2
    NFLX
    7/29/2010
    $96.66
    7/30/2010
    $101.65
    $0.00
    5.2%
    1
    NFLX
    8/2/2010
    $101.46
    8/4/2010
    $106.85
    $0.00
    5.3%
    2
    NFLX
    8/5/2010
    $106.58
    8/5/2010
    $108.52
    $0.00
    1.8%
    0
    NFLX
    8/6/2010
    $108.90
    8/10/2010
    $124.25
    $0.00
    14.1%
    4
    NFLX
    8/17/2010
    $134.94
    11/22/2010
    $183.85
    $5.90
    36.0%
    97
    NFLX
    8/18/2010
    $129.00
    11/29/2010
    $194.93
    $5.90
    50.9%
    103
    NFLX
    8/23/2010
    $128.56
    9/1/2010
    $130.78
    $0.00
    1.7%
    9
    NFLX
    8/31/2010
    $122.60
    9/1/2010
    $130.78
    $0.00
    6.7%
    1
    NFLX
    9/10/2010
    $146.70
    9/13/2010
    $148.71
    $0.00
    1.4%
    3
    NFLX
    9/14/2010
    $146.87
    9/22/2010
    $152.60
    $2.95
    3.7%
    8
    NFLX
    9/28/2010
    $161.81
    9/29/2010
    $164.21
    $5.90
    1.2%
    1
    NFLX
    9/30/2010
    $167.68
    10/21/2010
    $173.06
    $5.90
    2.9%
    21
    NFLX
    9/30/2010
    $163.03
    10/26/2010
    $173.99
    $5.90
    6.3%
    26
    NFLX
    10/1/2010
    $159.99
    10/21/2010
    $170.97
    $4.95
    6.6%
    20
    NFLX
    10/28/2010
    $174.41
    11/10/2010
    $175.84
    $5.90
    0.5%
    13
    CMG
    2/2/2010
    $99.99
    3/1/2010
    $107.39
    $0.00
    7.4%
    27
    CMG
    9/9/2010
    $163.19
    9/10/2010
    $164.44
    $0.00
    0.8%
    1
    CMG
    9/29/2010
    $176.07
    10/5/2010
    $177.50
    $5.90
    0.5%
    6
    CMG
    10/28/2010
    $210.50
    11/4/2010
    $222.29
    $5.90
    5.3%
    7
    CMG
    12/6/2010
    $235.53
    12/7/2010
    $241.52
    $0.00
    2.5%
    1
    BIDU
    2/9/2010
    $439.90
    3/8/2010
    $534.50
    $0.00
    21.5%
    27
    BIDU
    7/12/2010
    $71.06
    7/13/2010
    $73.31
    $0.00
    3.2%
    1
    BIDU
    8/5/2010
    $85.73
    8/10/2010
    $87.89
    $0.00
    2.5%
    5
    BIDU
    10/6/2010
    $102.30
    10/18/2010
    $102.55
    $3.84
    0.1%
    12
    BIDU
    10/6/2010
    $102.30
    10/18/2010
    $104.68
    $3.84
    2.2%
    12
    BIDU
    10/6/2010
    $102.30
    10/22/2010
    $107.75
    $3.54
    5.2%
    16
    BIDU
    10/6/2010
    $102.30
    10/25/2010
    $109.62
    $3.54
    7.0%
    19
     
     
     
     
     
     
     
     
    33
    P/(L)
    TRADINGS
     
    MEAN
    $2.65
    6.6%
    14
     
     
     
     
     
     
     
     
     
    NOTE:   
     
    • Loss (-0.9% on 7/30/2010)                     
    • Day-trading (8/5/2010 & 7/23/2010)         
    • Longest Holding : 103 days         
    • COMM : two-way commissions                      
    • Tiger in The Tiger Rule has no relation with Tiger Woods.
    Feb 13 5:22 AM | Link | Comment!
  • 9 Big Winners in 2011
    Netflix (NFLX), Chipotle Mexican Grill (CMG), and Bidu.com (BIDU) have been most volatile through the entire last year. I made frequent trading (33 profit/loss takings), pretty big gains (6.6%) for 14 days, paying a $2.65 two-way commission on average, and still holding them.
     
    A 6.6% gain for 14 days was enormous. It was a 168% gain annualized. The win average was 97% (32 out of 33). There was no homerun, but many solid singles. The question is how to fairly evaluate this performance. This question leads the following principle.
     
                                     The SAM Principle
     
    Investment results depend upon three things: science (“S” 40%), art (“A” 30%), and market trends (“M” 20%). The principle of S (science), A (art), and M (market) makes the “SAM” principle. The 10% residual is luck.
     
    The science part includes (a) rigorous stock selections with market data, (b) careful reading of chart formations, or (c) any own system, which is a simple reliable discipline, rules, guide, or strategies. All decisions made by different institutions and individuals with different methods are interacting in the marketplace every moment.
     
    The art part is working in the area where human beings are curing the weakness of a machine (algorism, logic, pattern, number clinching, etc), by adding a sound judgment. The art contributes both ways – positively or negatively. The 30% success is based on our decision making.
     
    The market part is important. During market upswings, our performances overstate, and during downswings, they understate. For fair evaluation, investment results should be discounted by the market performance. Last year the S&P 500 went up 12.8%, with a couple of big corrections. After discounting the market trend (13%), the performance of three stocks (BIDU CMG NFLX) last year was an incredible return (155%).
     
     
    BIDU seems to recently settle at around the $100 range, which is $1,000 as the prior-split (10 to 1 on 5/12/2010) basis It hit a bottom at $40.67 on 1/29/10 and topped at $115.04 on 11/11/10.
     
    CMG is showing a strong recovery from a three week (Dec 27, 2010 to Jan 12, 2011) minor correction. It seems to anchor around $230, showing a strong signal for further advance. Its bottom was $93.81 on 2/5/2010 and its top was $262.77 on 11/30/2010  
     
    NFLX has moved upward strongly (almost vertically) all year until heating a top ($209.24) on 12/1/2010. It had enjoyed a great momentum after Blockbuster’s fall. News of Comcast, Time Warner, and Coinstar, and all related firms have continuously generated lots of recommendations, tips, charts, reports, rumors, noises, emotion, hunches, cries, excitement, and even curses. NFLX was the king of tigers last year. It is now flying with a harsh head wind. We simply do not know its journey this year. This week (Jan. 10 - 14) NFLX seems to be ready for its next determined movement, shrugging off stubborn bear attacks for several weeks.
     
    What are the main features of these three big winners last year? One is their triple-digits prices, Dominant market players (hedge funds, mutual funds, and sovereign wealth funds) tend to prefer high priced stocks which stir the market much less. The second is dividends do not be considered: Investors concern mainly a huge growth potential.
     
    The third is that all three stocks were well growing in a recession environment or in the early stage of upswings. Watching movies, internet connections, and eating out at less expensive restaurants are favorable activities in a stressful time. This year we are still in the “weak” recovery process, forecasting 3% or 4% economic growth. The expected earnings of these three are still bright.
     
    The Forth is that these stocks are the leaders in their segments in the long run: BIDU (internet services in China), CMG (food services), and NFLX (innovative movie distribution).
     
    As of today (1/14/2011), the prices of BIDU, CMG, and NFLX appreciated 130.3%, 139.5%, and 275.8% for one year, respectively. Therefore, the rates may slow down this year. I classify these three as Group A
     
    Six stocks have been selected as the candidates of this year winners, and I classified as Group B and Group C as follow.
     
    Group B : Amazon.com (AMZN), Life Technologies (LIFE), and NVR, Inc (NVR). The three companies cover consumer spending, healthcare, and the housing industry. The angle is to focus on the domestic market (AMZN) and the special situations (LIFE and NVR). The prices of AMZN, LIFE, and NVR increased 48.5%, 9.6%, and 11.6% , respectively. All companies do not pay dividends.
     
    Group C : CME Group (CME), Freeport-McMoran Copper and Gold (FCX), and International Business Machines (IBM). The three companies are more globalized and paying dividends. The price of CME decreased 6.6%. The prices FCX and IBM rose 40.4% and 13.8%, respectively.
     
    Groups A, B & C altogether have four technology stocks (BIDU NFLX AMZN IBM), one financial stock (CME), one commodity stock (FCX), one healthcare stock (LIFE), one home builder stock (NVR), and one restaurant stock (CMG). All nine companies are the distinguished leaders in their market segments.  
     
    Since I have a strict rule to commit up to 5% of capital for these three Groups, I have to focus only 3 stocks, by selecting one from each Group during this year. The following table shows the summary of three Groups.
     
     
     
    1/15/2010
    1/14/2011
    One Year
    52W H
     
    52W L
     
    SYMBOL
    GROUP
    PRICE
    PRICE
    change %
    PRICE
    DATE
    PRICE
    DATE
     
     
     
     
     
     
     
     
     
    BIDU
    A
    $46.77
    $107.73
    130.3%
    $115.04
    11/11/2010
    $40.67
    1/29/2010
    CMG
    A
    $98.06
    $234.89
    139.5%
    $262.77
    11/30/2010
    $93.81
    2/5/2010
    NFLX
    A
    $50.95
    $191.48
    275.8%
    $209.24
    12/1/2010
    $48.52
    1/25/2010
     
     
     
     
     
     
     
     
     
    AMZN
    B
    $127.14
    $188.75
    48.5%
    $185.65
    12/21/2010
    $105.80
    7/23/2010
    LIFE
    B
    $50.40
    $55.25
    9.6%
    $57.25
    1/4/2011
    $54.23
    7/29/2010
    NVR
    B
    $715.00
    $797.98
    11.6%
    $769.50
    4/22/2010
    $595.00
    9/1/2010
     
     
     
     
     
     
     
     
     
    CME
    C
    $337.24
    $316.96
    -6.0%
    $353.03
    1/11/2010
    $234.50
    8/24/2010
    FCX
    C
    $84.30
    $118.35
    40.4%
    $120.78
    12/30/2010
    $56.71
    7/1/2010
    IBM
    C
    $131.78
    $150.00
    13.8%
    $147.53
    11/9/2010
    $116.00
    5/6/2010
     
     
    Who are leading and lagging in term of the watch lists on Stock Talks? The TANER watch list started on 12/13/2010. I counted how many times these nine stocks showed on the lists daily and weekly. When we observe the TANER watch list (votes or cards) sequentially, we can get an idea which stocks are gaining and losing a momentum. Everyday new TANER watch lists are added, and the momentum rank of nine stocks is changing continuously. We can monitor the potential champions, by paying attention on TANER watch lists.
     
     
    As of 1/18/2011, the leaders are NVR (28), IBM (26), and CMG (23). IBM has been building a steady momentum and currently accelerating. CMG are following very closely IBM, also speeding up. NVR, however, is loosing its steam a little bit after a strong upward movement. The laggards are LIFE (4) and NFLX (9). The following table shows the scores of nine stocks.
     

     
                                      Scores from Daily TANER Watch Lists (Stock Talks)
     
     
    DATE
    BIDU
    CMG
    NFLX
    AMZN
    LIFE
    NVR
    CME
    FCX
    IBM
    12/13/2010
     
     
     
     
     
    1
    2
     
     
    12/14/2010
    1
     
     
     
     
    1
    2
     
    1
    12/15/2010
     
     
     
     
     
    1
    2
     
    2
    12/16/2010
    1
     
     
     
     
    1
    1
    1
    1
    12/17/2010
     
    1
     
     
     
     
     
     
    1
    12/20/2010
     
    1
     
    1
     
    1
     
     
     
    12/21/2010
     
    1
     
     
     
    2
    2
     
    1
    12/22/2010
     
     
     
    1
     
    1
    1
     
    1
    12/23/2010
     
     
     
    1
     
    1
    1
     
    2
    12/27/2010
    1
    1
     
    1
     
    1
    2
     
    1
    12/28/2010
    1
    1
     
    2
     
    2
    2
     
    1
    12/29/2010
    1
    1
     
    2
     
    2
    1
     
     
    12/30/2010
     
     
    1
    1
     
    1
    1
    2
    1
    12/31/2010
     
     
    1
    1
     
    1
     
    1
     
    1/3/2011
    1
    1
     
    2
     
    2
     
    1
    2
    1/4/2011
    1
     
     
     
     
     
     
    1
     
    1/5/2011
    1
    1
     
    2
     
     
     
    1
     
    1/6/2011
    1
     
     
    2
     
    1
     
    2
     
    1/7/2011
    1
    1
     
     
     
    2
     
    1
    2
    1/10/2011
     
    1
     
     
     
    2
     
     
    1
    1/11/2011
    1
    1
    1
     
     
    2
     
     
    1
    1/12/2011
    1
     
    1
     
    1
    1
     
     
     
    1/13/2011
     
    1
     
     
     
    1
     
    1
    2
    1/14/2011
     
    1
     
     
    1
     
     
    1
    1
    1/18/2011
     
    1
     
     
     
     
    1
    1
    2
     
     
     
     
     
     
     
     
     
     
    TOTAL(D)
    12
    14
    4
    16
    2
    27
    18
    13
    23
     
     
     
     
     
     
     
     
     
     
     
     
                                      Scores from Weekly TANER Watch Lists (Stock Talks)
     
    DATE
    BIDU
    CMG
    NFLX
    AMZN
    LIFE
    NVR
    CME
    FCX
    IBM
    12/13/2010
     
    1
    1
     
     
    1
     
     
     
    12/20/2010
    1
     
    2
     
    1
     
     
    1
     
    12/27/2010
    1
    2
    1
     
    1
     
     
     
    1
    1/3/2011
    1
    2
    1
    1
     
     
     
     
     
    1/10/201
     
    2
     
    1
     
     
     
    1
     
    1/18/2011
    1
    2
     
    2
     
     
     
    1
    2
     
     
     
     
     
     
     
     
     
     
    TOTAL(w)
    4
    9
    5
    4
    2
    1
    0
    3
    3
     
     
     
     
     
     
     
     
     
     
    TOTAL
     
     
     
     
     
     
     
     
     
    (A+B)
    16
    23
    9
    20
    4
    28
    18
    16
    26
    Feb 13 5:07 AM | Link | Comment!
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