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lafano

lafano
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  • Unprecedented Market Rally? [View article]
    Still no valid sell signal. However, the high (Bolinger) band is only 15 (S&P 500) points away. Therefore, one strong up-day (before any deterioration) can signal a sell as RSI is currently holding at 68 and would certainly pierce the sell signal on that given day.
    Perhaps selling into strength may prove to be smart thus locking in a good ROI, and perhaps 90% of the upside. However, my data suggest, on average, SPY continues to increase another 1.78% after breaking though the high band. Im holding sticking it out for now.
    Amazingly, the support line at 1507 appears to be creditable and reliable, as it bounced off of it yesterday, Friday, and earlier on the seventh.
    I’ve tightened my short positions, all correlating to the 20 moving average mark of 1507.
    Volume returned yesterday.
    Feb 16, 2013. 11:38 AM | Likes Like |Link to Comment
  • Unprecedented Market Rally? [View article]
    Technically, using the Bollinger Bands; RSI and MACD, this positive trend is reasonable and justifiable, espeically since the last buy signal was in November 2012. Market is currently lofty, and only approximately 10 points (S&P500) away from a clear sell signal.
    Feb 14, 2013. 02:53 PM | Likes Like |Link to Comment
  • Was this part of the TARP agreement? Bank of America (BAC) announces a goal to make $50B in loans over the next 10 years to green businesses. (PR)  [View news story]
    Has GM and AIG paid back in full?
    Jun 15, 2012. 09:19 AM | Likes Like |Link to Comment
  • Was this part of the TARP agreement? Bank of America (BAC) announces a goal to make $50B in loans over the next 10 years to green businesses. (PR)  [View news story]
    Another losing proposition. However, who cares since it's "nationalized"...lol...
    Jun 12, 2012. 11:14 AM | Likes Like |Link to Comment
  • Michelle Obama backs the proposed ban in NYC on large-sized soda drinks before issuing a statement later on detailing that she didn't quite mean to enter the debate. At this point the uproar in the Big Apple has taken much of the steam out of any move to adopt any federal framework to limit soda sales, helping analysts keep forecasts in place for a beverage industry powered by the American consumer who drinks a whopping 43.5 gallons of soda a year on average. [View news story]
    In all due respect, you are totally "irrelevant" and make zero sense to the subject matter...lol...
    Jun 6, 2012. 10:33 AM | 3 Likes Like |Link to Comment
  • Michelle Obama backs the proposed ban in NYC on large-sized soda drinks before issuing a statement later on detailing that she didn't quite mean to enter the debate. At this point the uproar in the Big Apple has taken much of the steam out of any move to adopt any federal framework to limit soda sales, helping analysts keep forecasts in place for a beverage industry powered by the American consumer who drinks a whopping 43.5 gallons of soda a year on average. [View news story]
    Why isn't Michael Moore screaming? Perhaps he'll make another foolish documentary on this all important topic.
    Jun 6, 2012. 09:17 AM | 1 Like Like |Link to Comment
  • Michelle Obama backs the proposed ban in NYC on large-sized soda drinks before issuing a statement later on detailing that she didn't quite mean to enter the debate. At this point the uproar in the Big Apple has taken much of the steam out of any move to adopt any federal framework to limit soda sales, helping analysts keep forecasts in place for a beverage industry powered by the American consumer who drinks a whopping 43.5 gallons of soda a year on average. [View news story]
    This is clearly a priority for New York City...lol...Bloomberg is truly tackling the tough issues to lower taxes, increase jobs, and stop the exodus of high earners from the city...lol...how about banning burgers, blt's, etc...lol...what a fool...
    Jun 6, 2012. 08:58 AM | 2 Likes Like |Link to Comment
  • Michael Bloomberg abruptly cancels a live appearance with AllThingsD as a controversy over his plan to ban large-sized sugary drinks in NYC creates outrage in public forums and from the beverage industry. While the city served as a successful model for public smoking restrictions, it's a bit harder to craft an argument over the dangers of second-hand soda drinking. A statement from Coca-Cola (KO -0.2%) cuts to the chase: "New Yorkers expect and deserve better than this." [View news story]
    No, go to another Ice Cream vendor. Ben & Jerrys supports this jerk and other far far left wingers...lol...
    May 31, 2012. 04:52 PM | 3 Likes Like |Link to Comment
  • Michael Bloomberg abruptly cancels a live appearance with AllThingsD as a controversy over his plan to ban large-sized sugary drinks in NYC creates outrage in public forums and from the beverage industry. While the city served as a successful model for public smoking restrictions, it's a bit harder to craft an argument over the dangers of second-hand soda drinking. A statement from Coca-Cola (KO -0.2%) cuts to the chase: "New Yorkers expect and deserve better than this." [View news story]
    Thought this guy was a free market capitalist? The house is on fire (as people and businesses are leaving NY/NYC) and he's worried the effects of Slurpies???...lol...when is the next election???
    May 31, 2012. 01:25 PM | 7 Likes Like |Link to Comment
  • Michael Bloomberg abruptly cancels a live appearance with AllThingsD as a controversy over his plan to ban large-sized sugary drinks in NYC creates outrage in public forums and from the beverage industry. While the city served as a successful model for public smoking restrictions, it's a bit harder to craft an argument over the dangers of second-hand soda drinking. A statement from Coca-Cola (KO -0.2%) cuts to the chase: "New Yorkers expect and deserve better than this." [View news story]
    Just another example of Goverment incompetence...he's more worried about this than reducing government expenses...lol...I guess taking away a person's freedom of choice is more critical to the city.
    May 31, 2012. 12:28 PM | 9 Likes Like |Link to Comment
  • Thinking Long Term In Portfolio Building [View article]
    Buy and hold is dangerous in this "new" market and VALE could easily be nationalized by the proMarxist administration in Brazil.
    Dec 12, 2011. 11:08 AM | Likes Like |Link to Comment
  • Hedging Your Investments Using VXX's Backwardation [View article]
    I like VXX and have been trading it most recently. I purchase the ETF and then purchase a covered "sell to open" Option, earning income. Is there any special tax consequences / liabilities other than the normal short term or long term gains?
    Thanks.
    Nov 17, 2011. 11:41 AM | Likes Like |Link to Comment
  • Write Covered Calls For The Holidays [View article]
    Thanks RS. However, can you explain "longer horizon" because I no longer believe in a buy and hold strategy (anymore). I did when I was in my 30s and 40s but today I believe it is too risky. I believe that the risk reward doesn't seem good enough to hold on like in the 90's. Doesn't the geopolitical and economic situations around the globe worry you, as seen it the terrific daily swings in the market? It appears that they trump (good) corporate earnings. This is a reason why I've employed my buy and sell strategies around the technical's, such as RSI, MACD, Bollinger Bands, etc. Am I all wet?
    Nov 6, 2011. 12:50 PM | Likes Like |Link to Comment
  • Write Covered Calls For The Holidays [View article]
    Thanks, I will check it out! Ive read many books also and haven't found too many authors I really like or can rely on. I like O'Shaughnessy for long term views because he deals with "facts and statistics" and Toni Turner for active trading strategies. I also like looking at bollinger bands and RSI before entering and exiting any positions. Are there other indicators you like in particular?
    Nov 4, 2011. 11:58 AM | Likes Like |Link to Comment
  • Write Covered Calls For The Holidays [View article]
    I agree with your strategy of selecting good stocks for divis also, but Im a terrible stock picker. Therefore, I stick with the broader ETFs which I wouldn't mind owning over a long period of time. I've subscribed to many stock newsletters over the years but it appeared that most churned their portfolio for the primarily motive of making their newsletter even more attractive. However, I may be totally wrong. I like your approach and was wondering if you would be kind enough to offer any books to read. Thanks.
    Nov 4, 2011. 11:41 AM | Likes Like |Link to Comment
COMMENTS STATS
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