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So let me get to the point before going into detail. This is the plan as I described to my Mom and my wife at the dinner table last night: “OK. So the government agreed to lend out $500 billion right now- and potentially $500 billion more- in which they will help to form a consortium between...

One issue stunningly seemingly lost in the bank travails has been an update on the automakers. Just like the Joe Torre story got lost in the midst of the A-Rod bombshell over the weekend, the automaker discourse- must see TV in December- has totally stopped. However, what is lurking in the...

Very notable on Friday were three distinct phenomena. First, despite it being an ‘unemployment Friday’ along with a huge market day, volume was less than ¾ of what it was in the SPY and 2/3 the pace of the QQQQ on the day before (Thursday). Second, the VIX- the main measure of volatility-...

So, once again yesterday, the question of the day was “what sparked the morning rally?” Basically, details began to seep from the White House about the upcoming bank rescue package. Apparently included on the rumor mill is that the plan will be smaller than originally expected with a...

One of the key characteristics of any day trade in particular is liquidity. Many trading situations can turn into roach motels if your time horizon for a trade is, say, two minutes. It can be very easy to get into a trade as different entities/market makers maneuver an appearance of making it...

A number of people did not understand why I had a bullish tone on both the blog entry (i.e. predicting an upside bias) much less why I kept noting that except for selected financials, I was not going to get short yesterday. Let’s look a little closer for educational purposes. First, one of the...

There was a tiny article on page A8 of the Sunday (January 31) “New York Times.” Why it was so tiny and why it has gotten such little press is something that is beyond my limited intellectual capacity. On Saturday, the Chinese premier Wen Jiabao said this: “Whether we will buy more U.S...

Everyone is talking about the poor January performance of the stock market amidst fears of the whole “So goes January, so goes the market for the year’ hypothesis. For those not familiar, there is an old saw that whatever the market does in January is what it does for the year overall; of...

Trader2000- I would have had to have been a marksman to have pulled it off…FLS opened at 54.30 and rallied to 55.03 on NYSE before falling back… You were dead on, but there was just too little liquidity for me. Nice call on RIMM too. Stts- I try. Although it’s not really ‘new...

A topic I am frequently asked about is the concept of share offerings and how I play them. First, let’s back up a step. A company which needs to raise capital and either does not want to borrow money and/or cannot find a bank to lend to it will frequently tap the equity market to raise...

Briefing.Com has a decent service for about $30/month (I think that is the rate...it is relatively inexpensive whatever it is) whereby you can compare estimated earnings to actual along with a few other things. But, I don't know of a free service that allows you to do it.

a) When it comes to trading, there are (almost) no stupid questions. The only way I learn is by listening and asking and asking some more. b) MO already reported: http://finance.yahoo.com/news/Altria-Reports-2008-Full-Year-bw-14191799.html Best advice I for one can give is to check...

here is something I wrote up awhile ago: Frequently, a pattern occurs which has been referred to in this space as an “A-B-A2” action. As this blog gains a bit of a following, this pattern- particularly in this market- should be explained further. Many times, a stock which has major news...

MO in 17 cent range as of this writing...for day trading purposes, it is not tradable for me. I do not do something unless I see a path to make at least 20 cents easier per the commentary I wrote today.

Totally my fault. I started working on this last night and got TROW from my technical research. Saw it had bad earnings this morning and forgot to delete because the news supercedes. My 100% apologies. Will have A-B-A2 out when it gets slower later in day

A few days ago, I was having a dialogue with a fellow trader about General Electric (GE). We were discussing the stock mid-morning as GE had steadily weakened the entire morning in defiance of the general small uptick in the market. When he asked me what I thought of it, I noted that the stock...

A little early on the timing of the 1/22 good bank vs bad bank post ,but terrific work/analysis...very admirable. I told you yetserday I hoped you were right and tended to agree with you for the most part, but i did not think it'd necessarily come this soon (then again, it is not my speciality...

Get ready for a term you’ll be hearing about a lot in these coming days and weeks. The concept is “good bank versus bad bank.” Basically, the Obama administration is on the verge of choosing a course in which bad assets, i.e. non-performing and illiquid assets will be purchased from banks...

I do not mind and in fact, encourage (constructive) criticism. It is the only I can improve myself as a trader much less a person. I am fond of saying that the only thing I know is that there is awhole lot more that I don't know than what little I do know. And you are 100% right- you...

I again emphasize that I trade with a time horizon of about two minutes on average. Thus, for purposes of the living I try to garner, I always keep the macro picture in mind, but trade with a focus on the micro. I therefore hope you are 100% correct for the sake of the world in your prediction...