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How I'm Buying Into the Market Correction
Monday, May 10, 2010 - 9:15am | 1368A wise man once said "be fearful when others are greedy and greedy when others are fearful" and this can't be more true in the world of derivatives. When fear or Volatility increases in the market, option premiums soar and easy money can be made. In this post I will explain how I am taking...
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Bookkeeping: Weekly Changes to Fund Positions Year 3, Week 40
Monday, May 10, 2010 - 8:15am | 2609Year 3, Week 40 Major Position Changes To see historic weekly fund changes click here OR the label at the bottom of this entry entitled 'fund positions'. Cash: 85.9% (v 68.2% last week)15 long bias: 10.7% (v 24.5% last week)2 short bias: 3.4% (v 7.0% last week) [Includes 1 'long dollar' position]...
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Cloning 101
Friday, May 7, 2010 - 12:21pm | 4642If I have seen further it is by standing on the shoulders of giants. — Sir Isaac Newton Picking stocks is hard. Most academic research has shown that individuals stink at it. Many investors have painfully (re)learned this lesson in 2008 as stock markets collapsed around the globe. That being said...
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US Stocks Touch Lowest Ground Since Late March
Thursday, May 6, 2010 - 5:57am | 193US stocks fell for a second day in a row yesterday as worries over the euro debt zone failed to subside. News of downgrade warning on Portugal and riots in Greece led to fears of the crisis continuing to escalate. The Dow Jones Industrial Average closed at its lowest since March 31, after it...
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Bookkeeping: Stop Losses Trigger in Discover Financial (DFS), Quality Systems (QSII) and L&L Energy (LLEN)
Wednesday, May 5, 2010 - 3:07pm | 651What a frustrating day. My earlier short positions would have now paid off in spades... one of those type of weeks. 2 steps behind the curve. On the long side, I placed a lot of stop loss limit orders in coming into the week - some of which are now triggering. First all of speculative coal small...
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Puts Purchased on AEA
Wednesday, May 5, 2010 - 1:23pm | 76Advance America Cash Advance Centers (NYSE: AEA) has been cascading lower for a few weeks now, the slide sending the stock through both the 50 and 200-day moving averages. If that wasn’t bearish enough, I am detecting over 5,000 July $5 puts purchased today, pushing the put/call ratio to 21.5x its...
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Stock Market News for May 4, 2010 - Market News
Tuesday, May 4, 2010 - 9:30am | 481U.S. stocks rallied Monday, helped by a number of positive economic data and reports that European leaders and the International Monetary Fund had agreed to an aid plan worth about $146 billion for Greece. United Airlines’ plans to acquire Continental in a $3 billion all-stock deal also encouraged...
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US Stocks Make Robust Comeback From Friday Losses
Tuesday, May 4, 2010 - 6:04am | 266For the US stocks, Monday marked a day of solid return from the Friday’s steep decline. Broad gains came in as reports of improving auto sales, consumer spending and manufacturing activity poured in. Chief Executive of Cornerstone Wealth Management, David Hefty, said, "Today is just rectifying...
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Credit Card Players Have Risks If Unemployment Does Not Fall
Friday, April 30, 2010 - 1:09pm | 224Credit card providers like MasterCard Incorporated (NYSE: MA), Visa Inc. (NYSE: V), American Express Company (NYSE: AXP) and Capital One Financial Corp. (NYSE: COF) have had an amazing run, but recently they have fallen back slightly. While they have had a meteoric rise in the last few months and...
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Jefferies & Company Inc. Lowers Price Target For Advance America (AEA)
Friday, April 30, 2010 - 11:55am | 104Analyst Richard Shane, Jr. at Jefferies & Company Inc. has released an update on Advance America (NYSE: AEA). The company reported its first-quarter results on Thursday. Advance America reported first-quarter EPS of $0.22, which was above Jefferies’ estimate of $0.20 but below consensus...
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Stock Market News for April 30, 2010 - Market News
Friday, April 30, 2010 - 9:30am | 507Stocks rose for a second straight day, led by financial shares, as investors shrugged off European debt concerns and parsed some strong earnings numbers for signs of an improving economy. A Labor Department report suggesting layoffs are beginning to slow also added to investors’ confidence and...
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DOW Gains The Highest Since March 5, Led By Q1 Gains
Friday, April 30, 2010 - 7:50am | 207Thursday proved to be the best day for the Dow Jones Industrial Average in nearly two months, as companies posted robust Q1 earnings and certainty over bank reform and Greece's rescue package grew. The index climbed 1.10% or 122.05 points to end at 11,167.32. Meanwhile, the Nasdaq Composite gained...
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2010 Fund Performance Period 4
Wednesday, April 28, 2010 - 3:57pm | 2893The mutual fund is now on schedule for a [late] summer 2010 launch. If, after reading the blog content you might have an interest in participation, please consider reading why this blog exists. [Jan 2008: Reader Pledges Toward Mutual Fund Launch] [May 2008: Frequently Asked Questions] Our story...
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Dawn Rises After The Blood Bath Yesterday Ahead Of Federal Reserve
Wednesday, April 28, 2010 - 12:17pm | 445The sun rose again, after the dramatic sell off yesterday. The markets dropped over 2% on the back of ugly news out of Europe on Greece and Portugal while back in the United States, Goldman Sachs Group, Inc. (NYSE: GS) was getting grilled by the Senate on Capitol Hill. The markets had their...
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Financial Sector Inches Up To Add To Early Weekly Gains
Monday, April 26, 2010 - 5:21am | 449US financial stocks were nudged higher on Friday with the help of bank shares, exchange operators and impressive credit card earnings. Both the Financial Select Sector SPDR Fund and the SPDR KBW Bank Fund swung back and forth between negative and positive territory on Friday. While the Financial...