I've been a subscriber to Real Money (The Street.com) for several years. There are a number of contributors over there that I enjoy reading. For some time I tried to participate on Jim Cramer's blog; however, it was more like being in a raucous brawl rather than civilized discussion. Though I do not consider myself a trader, I went over to Rev Shark's blog, and have been an active participant there.
One of the bloggers goes by the name of Yachtsman. He doesn't post there so much anymore, but he has created a blog in which readers might have an interest. He's an experienced money manager, with a disciplined, conservative approach. In addition, Yachtsman provides e-mail updates which you might find informative. I'd encourage you to take a look and see if you have an interest. You can find Yachtsman's website here (I'll also have it in the sidebar).
6 comments:
IMO they've done a really 'nice' job managing market sentiment and creating sentiment imbalances regarding the expectations for this weeks earnings reports (for options expiry).
The market was taken down on GE's bad news last week creating negative sentiment towards future earnings - and now the market grinds up when things are spun as 'not being so bad' (when lowered expectations are met or slightly exceeded).
Due to the large number of shorts in the market - even many financial stocks reporting pathetic financial conditions going forward - see their stocks rise due to the extreme negative sentiment.
It'll be interesting to see what the 'spin' will be tomorrow on C CAT and HON - all DOW components - I can't imagine all 3 will come out 'squeaky' clean.
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Anyone find something fishy going on with T Boone?
About 2 months ago he said natural gas was overvalued - and also that oil would fall - and he said he was shorting.
He says he lost 20% on that 'bet' and is now emphasizing - in no uncertain terms for all the public to hear - that he is long long long oil - for $125
My experience has been - that when Hedge Fund managers start publicly telling everyone where they are positioned - they are getting ready to go the other way...
Soro's did this last summer just before the gold and metals markets collapsed in August. He issued PR's telling everyone his funds were bullish on metals stocks and publicly listed all the gold stocks he held.
All these stocks then promptly collapsed in a 'mass' liquidation in August/Sept.
I'm always suspicious when a fund manager reveals his cards to such an extent.
Something smells here...
Though I could be wrong regarding T Boone.... as he is often in the public eye one way or another...
still I can't help but wonder?
'nice
nice- i'm more than suspicious...there is absolutely no reason for a hedge fund manager to publicly disclose positions during accumulation...julian robertson for one used to take pains to disguise his positions...but when it comes to egos, who knows what the underlying motivations are?
2nd_ave
May I refer you to this post: http://tinyurl.com/6b5bcj I've commented here before about the obverse direction of the market subsequent to TB's prognostications.
'Nice' day for some extreme moves for the options expiry games
ISRG - profit doubles - stock down $51
GOOG - earnings OK marginal rev beat - stock up $80
And a little housecleaning on some of the metals stocks?
Be interesting to see where we close and whether the performance chasers (fund mgr's) rush in because they are underperforming the guy at the desk beside him - or whether we get capped again in the 1390-1406 range on S&P...
No econ data on Monday - so nothing to get in the way should the excitement continue...
Is the slowdown over? LOL
Well again the usual 2:30 NYMEX runup in Oil
Oil up $2
Gold down $22
Now that makes a lot of sense
Up is down, down is up
Good is bad, bad is good
Hope everyone made some money this week... and was long
Often never wise to trade WITH sentiment leading into options week - Wall Street always wins.
Back next week - to see what the 'ringmasters' have in store for this circus...
I can hear it already 'April best monnth for DOW since xxxx
BAC reports on Monday - will they lose $10 billion dollars and have their stock soar?
Or maybe bad is bad and good is good next week?
Who knows - stay tuned...
Lots of money to be made either way...
...and as always 'be nice'
NG says: Often never wise to trade WITH sentiment leading into options week - Wall Street always wins.
Truer words. SLB misses--for the SECOND time--it goes up. It sees things in the future.
I see dead logic. But I know that the market is not logical in the short term.
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