This video has been making the email rounds today. It’s funny and right on topic for us trend followers. Ed Seykota is no lightweight trend follower:
Tagged: Trend Following
Case Study – Broken Trends…First Marblehead (FMD)
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 …
Trends End…FAST! Check out CROX, WCG and SWHC
It’s not all rosy for all-time highs these days. Tonight, CROX was bludgeoned after closing at an all-time high and ‘missing?’ numbers. I long sold this trendy biiitch. Still love the products. Until tonight my sells looked stupid, now just less so. The lesson is that trends end. Expectations get too high, stocks get too …
Smith and Wesson (SWHC) Shot Dead?
Stocks fall faster than they rise. I ‘got lucky’ with this one, booking profits in the low 20’s . I have looked but not reentered, especially after we Wallstripped it again on our anniversary show. If you held on, today you will likely be stopped out. It is a brutal part of the investment business. …
Fertilizer "Turds" on Wallstrip…Agrium (AGU)
First off, in case you get the wrong idea from todays ending outake…I never inhaled, though I have had the munchies :) . I have totally missed owning this trend though we have covered the chemical industry on Wallstrip in the past. It’s not just Agrium (AGU or as we like to call it AGOOOOOOOO …
Noise and Crowds…So Costly
Andy’s great post got me thinking again on this subject . In everyday life, noises and crowds leave you with a headache, bruises and anxiety problems. In the stock market, they force you to miss a trend completely or sell early. I was looking at two stocks, one I don’t own today Crocs (CROX) and …
Stock Newbies…Please be careful
Investing is not easy. Life has been good on this blog and I for one am confident that I am not that smart. Other than the barfing of financial stocks and homebuilding stocks this year, the market has been easy. That makes us look smart. Shit, even Goldman Sachs just rallied back 30 percent to …
Why Oliver Stone is NOT in charge of Wall Street Part 2…and Trend Following
So true really . But, also a reason why trend following has likely worked so well. The institutions just can’t hide their footsteps and trends are being magnified. History shows that nothing lasts forever and this great run for trend followers in the stock market, including me, will likely not continue. Who is to say …
Strongest and Weakest Stocks IN Long-Term Trends…Week of September 23
Courtesy of my friends Eric and Cole at Blackstar: Strongest – KXI DEO PTP LMT BDX PEP ECL PEO BTI PG BCE UTX WWY FMS MFC APD ABB EN PX GOOG TAC EWC CVD CVX APA Weakest – BTJ PAA MFW CSCD CLDN ALEX DRIV SPLS WNR AZL MHK KOF MWA FDX LSTR ALY TSS …
Private Equity…BURP…What Next?
Andrew Sorkin (make that Andrew ROSS Sorkin) has the take at Dealbook. Basicaly, the Private Equity guys became trend followers, and not contrarians. When you have that much money at your disposal, you should never pay ‘UP’, you should be modelling and researching broken companies and industries, waiting and thinking. Those of us with little …