Evan Grey Owl

Is It Safe?

Here is how to make the little car run: Open prices at yesterday's closing price. Do not allow unregulated trading in the pre-market and post-market, or rigged bids at the opening cross, to dictate the opening prices. Second, there must be limits on the degree to which a bid may deviate below the current trading price. Rigged bids are being used to trigger all the stop-loss orders. Finally, NASDAQ rules need to be changed to require that an actual trade is required to trigger stop-loss orders, so that a bad bid alone cannot be used to trigger all the stop-loss orders. There is going to have to be more public monitoring of the minute-to-minute details of daily trading, and more insistence that orderly markets and a fair and level playing field be maintained. Only then will confidence come back and technicals come to mean anything again.

Some Stocks to Research for the Market Rebound

David,
Have you any feeling for what justifies IPI's relatively high P/E vis-a-vis MOS, POT and others. Also, have you any thoughts about target prices for MOS,IPI,CSIQ. The potash stocks have been on my list many months. I have not understood the behavior of the market since early September, but have 3 theories relating to illegal manipulations. The mechanism is similar in each, just the actors and motives differ. If I'm right, there will be no floor and this terrifies me, frankly.