Seeking Alpha
  • neobliviscar
    Dow & SPY climbing while Transports hitting lows of the day. Disconnect there. Other than $KO, what is driving the $DJIA up?
    3/21/13
    Reply (16)
    • Perkins Cove: 'Transports?' Did you just use the 't' word? Shame on you! Ben will be displeased.....grin (BTW, I believe in trucks and trains. As does WB)
      3/21/13
    • neobliviscar: Yep. I think Trans analysts are usually behind the curve of what the underlying is actually doing- but the trans are often the tell on a day
      3/21/13
    • neobliviscar: when they behave very diff than the market. One or the other usually corrects -> comes down to testing which one seems more genuine mover.
      3/21/13
    • neobliviscar: and betting that way for the next few hours or day. Of course...if you get it wrong... you've got to suck it up and cover.
      3/21/13
    • Perkins Cove: Rails down big on coal, but up on oil/gas. Truckers flat? Fedex (ok, that's a currier) customers going for value.....
      3/21/13
    • Perkins Cove: And all of it supported by Helicopter Ben. Transports will benefit from homegrown fuels....and the beat goes on.
      3/21/13
    • Perkins Cove: Do you ever wish to go back to the good old days when you could be just a daytrader?.....grin
      3/21/13
    • Perkins Cove: BTW, you are one of those I WILL come find if you ever go missing.....lol
      3/21/13
    • neobliviscar: Thanks. I don't miss having to be full alpha on playing field 6.5 hrs a day, but do miss clocking out by 4:30 & not thinking work past 5:30.
      3/21/13
    • Perkins Cove: Yup...4:30 is about my limit. Cheers....
      3/21/13
    • Perkins Cove: When you daytraded, what was your measuring stick. Was it your avg % gain over so many days?
      3/21/13
    • neobliviscar: Was the 1990s. You can't compare then and now. Fund managers could make +30-+50% a year & top tier daytraders +300-+500%
      3/21/13
    • Perkins Cove: Thanks. "top tier daytraders +300 - +500%." That is the figure I was was looking for. (2% per day avg)
      3/21/13
    • Perkins Cove: Chalk up another check mark for you (SOTY '13) for honesty, integrity, and openness.....grin
      3/21/13
    • Perkins Cove: BTW, you get NO check marks for SOTY '13 for being a friend. But in the Universe...that counts bigtime.....grin
      3/21/13
    • Perkins Cove: Friend = someone you can lean on. Someone that will always tell you the truth, even if you don't want to hear it.....grin
      3/21/13