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  • Rebound in Orders in Coming Months Likely to Be Strong [View article]
    May 10, 2009. 11:42 AM | 2 Likes Like |Link to Comment
  • Jobs Lost in April? Try Jobs Gained in April [View article]
    The market has largely ignored the jobs that will be created by the billions of dollars of stimulus money flowing into the economy. Wait till that hits the number and a true picture of recovery will emerge.
    May 10, 2009. 11:40 AM | 1 Like Like |Link to Comment
  • Market Rally and the Return of Irrational Exuberance [View article]
    You can write this article AFTER the market rallies further and does an at least 75% retracement from the time it started crashing in 2008.Then it might have some relevance depending on the economic scenario at that point in time. Until then your cup half full mentality is missing the big picture. Look at where the market is compared to where it began the decline from and not the rise from the unnatural freak event of the March lows. No irrational exuberance here -- the market overcorrected to the downside and is now reaching a more appropriate level to reflect the reality of the economic situation.
    May 10, 2009. 11:37 AM | 5 Likes Like |Link to Comment
  • Is Cisco Another Bearish Indicator? [View article]
    It continues to amaze me how some people conjure up market crashes out of the blue because they so fervently believe in something! I want you think hard about this. Did you predict the previous bull market, ride it all the way to the top, and then short the market as it started crashing in 2008? If you were unable to do any of this just what in the world makes you think that the market has now reached the top and is due for a nosedive? Let your imagination and fantasies rest instead follow the market and ride the wave up and short the wave down! How do you do this? By reading charts. As I have been saying all along this bull market shows no signs of tiring and the charts indicate a continued run of the bull market. Until the bend at the end the trend is intact my friends! Keep your doomsday predictions and fantaises aside and just get on the ride and enjoy it till it lasts!
    May 10, 2009. 11:30 AM | 2 Likes Like |Link to Comment
  • Don't Be Fooled by Inflation [View article]
    Huh! So Peter Schiff has gone from a future of doom, death and dyspepsia to a future of growth but with hyperinflation? I see that he now grudgingly acknowledges that there is about 2 years of bull market before reality sets in and that reality is probably growth but with hyperinfaltion and more growth in foreign markets than in U.S. markets? Is this what I am reading? So even if through artificial means the U.S. will continue to fool the world and grow and the time of facing the truth may never come or is postponed indefinitely? If that is true then an investment portfolio that comprises of foreign equities, U.S. equities and Gold (as inflation hedge) should perform quite well, right?

    Peter Schiff has now become a bull in disguise. I wait for Roubini to do the same. Much like Schiff, Roubini as well has started his shifting is doomsday prediction to one that acknowledges that things are not as bad as they seem and may be getting better!
    May 10, 2009. 11:24 AM | 6 Likes Like |Link to Comment
  • BRCD - Brocade Communications - Buy! [View instapost]
    Near term target = $10.
    May 8, 2009. 05:58 PM | Likes Like |Link to Comment
  • ATPG - super star in the making? [View instapost]
    Someone asked me the short term target for ATPG -- it is $11.
    May 8, 2009. 05:57 PM | Likes Like |Link to Comment
  • S&P 500: From 370 to 3700 in 2012. What?! [View article]
    Yes, no one could have predicted that the markets would collapse and the world's largest insurance company would be no more and Bear Stearns and Lehman would be gone and so on and so on. Professor Taleb called this the black swan event and a hedge fund that followed his theory made a killing by making a bet that the market could collapse to this level.

    Yes, three years down the road no one will predict that the Dow could be at 14,000 plus and S&P at 2500 plus. A reverse black swan event could very well happen and the popular opinion today under any circumstances does not see anything like this happening.

    And that may be exactly why it will happen. As part of an overall investment strategy it does not cost much to make a bet on a black swan event like this occuring in the reverse.
    May 8, 2009. 02:11 AM | Likes Like |Link to Comment
  • Building Allegiant Travel Position on the Way Down [View article]
    I don't know what exactly you are trying to say in this article but if you are long on ALGT -- I warned you and your followers in your last article on ALGT that ALGT charts were highly suspect and there was potential to the downside and I wouldn't mess with it. Well, I was right and at this point in time ALGT is wounded on the Daily charts and a suspect on weekly charts. I fully agree with you ALGT has great potential but sometimes for reasons unknown a great stock can stgay in the gutter. It is possible it may recover and start the run tomorrow or just as likely drop another 5 points. A dangerously volatile equity that I was incredibly lucky to make a few bucks last time around but I hesiatate now to play with it anymore.

    So you are now long on an airline stock and a shipping stock (as per another one of your articles) yet you write and moan about the great circus the market has become. You surely are a complicated person to understand!
    May 8, 2009. 02:03 AM | 1 Like Like |Link to Comment
  • Is Gold Breaking Out? Will That Bring Wedding Bells to Junior Miners? [View article]
    I published in my Blog the day Gold broke out to the upside. My specific recommendations are EGO, GDX and ABX. NEM looks good and look sready to breakout as well. Almost any Gold miner is a BUY now on the charts so you couldn't really go wrong buying just about any of them. You ask me why Gold is going up - I don't know - when it stops, I don't know, but get on the train and enjoy the ride!
    May 8, 2009. 01:50 AM | 2 Likes Like |Link to Comment
  • Preparing for the coming Black Swan event - The Slumdog Millionaire Portfolio [View instapost]
    Hi User 117883:

    I use several charting programs to make my decisions. Besides looking at the standard indicators (such as the ones you mention - unfortunately many of them are lagging indicators as opposed to being leading indicators) I also use professional charting tools from a half dozen companies. I look for momentum, volume driven momentum, and action above and below established moving averages. The strength of the action above a moving average is a very important indicator. Then I take all the scores from the different charting programs and it blows a certain threshold then the stock is a buy in my books.
    May 7, 2009. 11:48 AM | Likes Like |Link to Comment
  • Slumdog Millionaire Portfolio registers a record 12% one day gain! [View instapost]
    As luck would have it one of our super select Slumdogs, BRCD - Brocade Communications, got a ringing endorsement on Mad Money by Cramer. I just love this stock and I think it has got more than one play. It was sent to the slums in 2008 by the brutality of the market and has been making a great recovery torwards being a millionaire on its own efforts. Then the big blue knight (IBM) comes suddenly out of the blue and does a top notch deal with BRCD to sell their equipment against Cisco in their customer accounts. I wonder if an acquisition by big blue is next on the list! The charts look just superb both on Daily and Weekly. This slumdog looks set to regain his millions!
    May 6, 2009. 09:14 AM | Likes Like |Link to Comment
  • Yes, Gold is a Buy now! [View instapost]
    Add ABX (Barrick Gold) to the list. I was quite surprised to see so many Gold stocks pop Buy signals so suddenly and across the board. What is going on? One plausible theory is that the market now really believes in recovery and that recovery may be accompanied by inflation! We all know Gold is #1 hedge against inflation.
    May 6, 2009. 09:07 AM | Likes Like |Link to Comment
  • Don't Be Fooled, We've Been Here Before [View article]
    You are beginning to sound like Rev Jim Jones! Scary!
    May 5, 2009. 11:22 AM | 3 Likes Like |Link to Comment
  • 2 Signs That Gold Fundamentals Are Improving [View article]
    Gold is showing Buy signals on charts. I recommend GDX, EGO and ABX to begin with.
    May 5, 2009. 11:18 AM | Likes Like |Link to Comment