Saturday, February 27, 2010
Sunday, February 21, 2010
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Second: I like this chart (weekly) as it has been building nicely and has cleared some volume by price points. It has pulled back on some lower volume, and a move may be in the offing with it consolidating here.
Third: I love the balance sheet. It is in my DNA to look at fundamentals--just a cursory view to see balance sheet strength/weakness. PRLS emerged from that view as a veritable stronghold. According to FINVIZ, PRLS has a book value of $3.16 and cash per share of $3.09. That's right--98% of it's book value is cash AND it's trading for less than the cash on the balance sheet at $2.62 per share.
Sales have taken a hit. I don't pretend to understand the fundamentals of its business (Per FINVIZ: "develops, licenses, and sells imaging and networking technologies and components to the digital document markets in the United States and Japan."). You can go here to see what Peerless says about its business.
In this trade (speculative!), I'm buying $3 cash for $2.60. If the company is burning through cash, then that cash per share gets jeopardized. I'm willing to take flier on this, and I entered a trade in my speculative account @ $2.58.
Position: Long as of 02/18/10--and reminding you of thin float.
I've included the chart book with weekly, daily and monthly charts for your viewing in addition to all 164 sectors sorted by weekly performance. You can find that here. There were three negative subsectors for the week:
|Health Care Equipment and Services|
All data furnished in the reports are courtesy of Stockcharts, and the compilation courtesy of me.
Saturday, February 13, 2010
Below is a list of the broad sectors for which I've compiled weekly, daily and monthly charts in a chart book form which you can download here in the form of a pdf.
I've also included an expanded list of sectors for more granularity.
All data courtesy of Stockcharts. Compiliation courtesy of me.
Tuesday, February 09, 2010
Sunday, February 07, 2010
I've created a PDF with the larger breakdown of the sectors/subsectors and I've included weekly, daily and monthly charts respectively of the sectors above. You can access that here.
All data is courtesy of Stockcharts. Compilation courtesy of me.
Saturday, February 06, 2010
Friday, February 05, 2010
|Daily Change||Change from Broad Market|
|Personal & Household Goods||-2.38%||0.79%|
|Food & Beverage||-2.51%||0.66%|
|Industrial Goods & Services||-3.08%||0.09%|
|Total Stock Market Index||-3.17%||0.00%|
|Travel & Leisure||-3.59%||-0.42%|
|Construction & Materials||-3.69%||-0.52%|
|Oil & Gas||-4.01%||-0.84%|
|Automobiles & Parts||-4.51%||-1.34%|
We have yet again a potential systemic risk event. Outside of cash and bonds, there is no safe place to hide as the above table show. One of my dismays in the last 'event' was that the risks were widely known, yet no money manager had the gumption to that diversification (country/sector) will not save you.
I've read few things about the market and its dispeptic jolts and gurgles than this quote sent to me some time ago and attributed to George Soros:
“Economic history is a never-ending series of episodes based on falsehoods and lies, not truths. It represents the path to big money. The object is to recognize the trend whose premise is false, ride that trend, and step off before it is discredited."
Unfortunately, the financial services industry provides little guidance to investors about the 'stepping off'. Rather the entire industry is devoted to to offering beguiling products and reminders that investors should be in it for the long haul. Let's see how that would have worked our for our Japanese friends:
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The slope and direction of the arrow for our market depends on the outcome of the inflationista/deflationista smackdown.
The point? Understand that 'big stuff' that moves the markets. Most free advice is worth just what you pay for it. The conventional wisdom about money management and markets is mostly geared toward keeping your dollars working so that fees can be extracted.
Wednesday, February 03, 2010
|Daily Change||Change from Broad Market|
|Automobiles & Parts||1.26%||1.83%|
|Travel & Leisure||-0.14%||0.43%|
|Food & Beverage||-0.19%||0.38%|
|Industrial Goods & Services||-0.42%||0.15%|
|Personal & Household Goods||-0.49%||0.08%|
|Total Stock Market Index||-0.57%||0.00%|
|Oil & Gas||-0.80%||-0.23%|
|Construction & Materials||-0.93%||-0.36%|
Tuesday, February 02, 2010
|Change from Broad Market|
|Travel & Leisure||0.78%||-0.47%|
|Food & Beverage||1.12%||-0.13%|
|Total Stock Market Index||1.25%||0.00%|
|Oil & Gas||1.47%||0.22%|
|Industrial Goods & Services||1.66%||0.41%|
|Automobiles & Parts||1.84%||0.59%|
|Construction & Materials||1.88%||0.63%|
|Personal & Household Goods||2.14%||0.89%|