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Playing the Ponzi
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Why “Playing the Ponzi”? I view the entire monetary and financial system as something of a Ponzi scheme. Starting with currency that is created as debt, and running straight through a global economic model that is based on infinite growth in a finite world. This won’t end well. I’d go a... More
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Playing the Ponzi
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  • Can RIMM Catch A Bid?

    RIMM is truly a hated stock. I don't know why it would rally - except maybe they catch a bid.. from someone interested in buying the company. But technically, the stock appears to be near the bottom trendline of a falling (bullish) wedge. Talk about a contrarian play…

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Tags: BBRY
    Jun 28 3:54 PM | Link | Comment!
  • CMG Breakdown Update... Nearing Short Term Support?

    A month or two ago, I noted a breakdown in CMG from a 6 year old rising (bearish) wedge. The last couple days have seen the breakdown accelerate... right into support. In the longer term, I view the drop as validation that there is likely a good deal more downside to come. However, in the shorter term, CMG would seem due for a bounce off support. It is nearly upon both its 200 day moving average and the bottom of a rising channel that has been in place over the last 2 or so years. You could even draw a trendline through the repeat top of late 2011 and it extends to the same area. It would appear to be a likely place for bulls to make their big stand.

    (click to enlarge)

    Disclosure: I am long CMG.

    Tags: CMG
    Jun 28 12:51 PM | Link | 1 Comment
  • UA Breaking Down?

    Apparel-maker Under Armour (UA), a fast-rising entry in the world of athletic gear may be seeing its stock top out. UA's gear is pretty undeniably awesome, and I think their marketing approach has been equally excellent - but the company is richly valued, and the stock is close to breaking down from a 4-year old rising (bearish) wedge.

    Tags: UA
    Jun 27 2:42 PM | Link | Comment!
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