First Marblehead (FMD, Wallstrip) has become a trainwreck. It did not take long. Take a look at the last few months . A better symbol than FMD may just be WMD as this stock has been a weapon of mass wealth destruction of late. I was stupid enough to pick this as a Wallstrip worthy …
Tagged: Trading
Tradeable Bottom?
I think so. Last Night I posted that Fear and Greed were Upon us, specifically: I would love a big gap down, but the market rarely makes it easy. Probably an up open, and a woosh. If that happens, I have my buy list that I will try with a fixed amount of capital. I …
Profiting From Meltowns…Have a Plan
One of the best/worst things about a blog is the archive and tagging features. It’s easy to look back and see what you were thinking and what you were planning. A few days ago I laid out a quick plan and thought process for the market . I thought we needed a quick 600 point …
Let me Share a Secret…PRICE is all that MATTERS
What an important time to turn off the television if you own or want to own stocks or even short them. Idiots are in charge. They will freak you out at exactly the wrong time. Every ass in the world is now pulling shit out of their archives about how they predicted this subprime disaster. …
Planet Out (LGBT) – wooooo
I discussed on this blog a few weeks back that I was speculating in Planet Out (LGBT). I hope you are along for this ride. Today they announced a $26 million financing led by Allen Co. Stock is up 20 percent and has the room to retry and execute. Should be interesting. It’s Canada day …
Homebuilders – Welcome to Value Trap HELL!
Beazer Homes (BZH) just blew up again. Recently, I have been harping on the inevitable declines ahead. Tonight, it is further playing out as usual. The rise, the distribution, the fall and the denial. Through it all, shameless promotion and lies. In the end, millions of small shareholders will own 100 share lots of Beazer …
Wallstrip goes All Gore…
If there is one area of alternative energy that makes sense to me financially, it’s tapping sunlight. It is time to Wallstrip THE SUN and open the dialogue on Solar Power. I live in a city with 300 plus days of brilliant sun. It is powerful enough to piss me and 5 million Phoenicians off …
Is the Glass 'Half Full' or 'Half Empty'
Trading the markets can make your head screwy. Reading Bill Fleckenstein or Jim Rogers can make you look at the world as ‘All Empty’. They can afford to think like this. Remember that! I have learned that I am a ‘3/4 Full’ guy. I am naturally enthusiastic and although I know guys like Bill and …
I can't get BEARISH…I was buying that DIP
Other than BUBBLE, the two most useless investing terms are BULL MARKET and BEAR MARKET. There are stocks that suck and stocks that are cooking. Now that the dust has settled on the swoooon of the last 10 days, my portfolio is little changed on the year (up a few percent). I was hit, but …
The EASY Money has been made in the Global Markets
I have been looking back at a few months worth of my posts related to stocks and one thing was obvious – making money had become way too easy. After a drop of almost 700 quick Dow points, the only prediction I will make is…making money in the market will be harder. I am not …