I will be publishing the Barron's Lucky 13 for 2008 on Friday's. I will include the performance for the M-F in this Stockcharts format. We'll be missing the 3 midlings.
Absolutely NO dip buyers Friday. Everyone saw next week's economic calendar, speeches, Fed meeting and said "No way I am going into that stew long." Not much conviction on this rally so far.
Oh for the good ol' days of "Buyout Bingo" and "M&A Monday".
Russell: The number have held steady at the HIGH number. I used to count the listings and the distribution of >90K and less thatn 90K. As the number seemed to reach statsis--but a higher levels than we've ever seen in my entire adulthood.
Cat: Colin Twigs writes in today's missive: If you see an express train coming, step off the tracks. Extending Jesse Livermore's analogy: it is also important not to step back on the tracks until the last coach has passed. Bear market rallies are typically steep and accompanied by large volume. High volumes warn that existing stockholders are taking the opportunity to sell down their remaining positions. Stocks are transferred from strong hands to weak, and the market is likely to fall sharply at the first setback."
MSFT had excellent earnings and it could not hold investor interest long. But so much of their success was from Vista--a new product introduction that I don't plan to buy anytime soon.
GS: Pick away, but in my post I gave appropriate credit to those folks. I'll just call it the Lucky 13 to be more precise. The post label is also generically Lucky 13.
I will be publishing the Barron's Lucky 13 for 2008 on Friday's. I will include the performance for the M-F in this Stockcharts format. We'll be missing the 3 midlings.
7 comments:
What are the foreclosure numbers like. You used to post them. Are they still about the same?
Absolutely NO dip buyers Friday. Everyone saw next week's economic calendar, speeches, Fed meeting and said "No way I am going into that stew long." Not much conviction on this rally so far.
Oh for the good ol' days of "Buyout Bingo" and "M&A Monday".
Cat
Russell: The number have held steady at the HIGH number. I used to count the listings and the distribution of >90K and less thatn 90K. As the number seemed to reach statsis--but a higher levels than we've ever seen in my entire adulthood.
Cat: Colin Twigs writes in today's missive: If you see an express train coming, step off the tracks. Extending Jesse Livermore's analogy: it is also important not to step back on the tracks until the last coach has passed. Bear market rallies are typically steep and accompanied by large volume. High volumes warn that existing stockholders are taking the opportunity to sell down their remaining positions. Stocks are transferred from strong hands to weak, and the market is likely to fall sharply at the first setback."
MSFT had excellent earnings and it could not hold investor interest long. But so much of their success was from Vista--a new product introduction that I don't plan to buy anytime soon.
What's the Barron's Lucky 13? Or is that (*blush*) a duh question?
Thanks for the information from Colin Twigs. I continue to stand aside. (I don't want to be the weak hands.)
GemmaS...I wrote the inaugural post on this here: http://tinyurl.com/2x8wfq
Not to be picky BUT (alright, I'm about to be picky!) this is not Barron's Lucky 13, but IQT's Lucky 13.
I'd read the article in Barron's (I always check on dividends!!!) and forgot about what you had written.
Fortunately, this prompted me to read your blog but, more important, to read the blog comments, which came after I read your blog.
If I may say so, you and Russell 120 were at your best!
GS: Pick away, but in my post I gave appropriate credit to those folks. I'll just call it the Lucky 13 to be more precise. The post label is also generically Lucky 13.
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