Feb

28

GDP revised downward…rate cut coming in June

February 28, 2007 | 1 Comment

Fourth quarter GDP was revised sharply lower this morning, to 2.2% growth following the originally reported 3.5% growth. Additionally, the personal consumption expenditure index was revised lower to 1.9% versus the original report of 2.1%. The 1.9% inflation is within the Fed’s comfort zone of 2%, which could be important at the next few Fed meetings.

This is a huge positive for the markets here. If we remember, there was a significant rise in Treasury yields in […]

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Feb

27

Daily Market Wrap

February 27, 2007 | 1 Comment

Today was total carnage. No other way to say it. All the major indices were down more than 3 percent on heavy volume. But where do we go from here?

Short term, I think the answer is down. I don’t think it would be wise to try to jump in for a pop tomorrow. The shock of today’s decline will take a few days to wear off, and in the meantime, its best to stay on […]

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Feb

27

Why it pays to be selective

February 27, 2007 | 2 Comments

Its 30 minutes into the trading day, and I’m looking at my streamer almost in disbelief. Out of the 50 stocks I track, the only one that is green is AYSI. A lot of blood is being spilled this morning.

These are the times when it pays to be selective, and this is why I require a strong fundamental story behind my stocks. While most of the stocks on my screen are down at least 5 percent, NTRZ […]

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Feb

27

New format/schedule for reader picks

February 27, 2007 | Leave a Comment

As you can all imagine, the rapid growth in readers has resulted in a flood of emails to my inbox suggesting I look at various bulletin board picks. Frankly, I do not have time to research all of these picks on my own, so I am asking that from now on, when people send me a request to review a stock, they include some brief bullet points as to why they think it is interesting. If you don’t […]

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Feb

26

Daily Market Wrap

February 26, 2007 | 1 Comment

Interesting day for the markets today. I think we are at another point of uncertainty here, and this week is shaping up to be volatile. I will highlight what I thought were the relevant moves today…

OPBL–not a particularly good day. The stock failed to hold a 52 week high and closed in the bottom half of its daily range. That doesn’t mean the stock is dead here, but it is a warning sign for anyone looking […]

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Feb

24

Friday’s Market Wrap

February 24, 2007 | 3 Comments

Big move back to the $8 mark for OPBL on Friday. As I said on Thursday, this illustrates the pitfalls of trying to game the earnings report here. I am content to let OPBL ride because I believe the growth is going to propel the stock higher.

URRE and URME both moved sharply higher as well, and I’m not sure if we’re going to get a pullback. I’m not going to rush into positions here because I am […]

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Feb

23

Premarket thoughts

February 23, 2007 | 1 Comment

I wasn’t able to make it to the computer last night, but just want to tie up some loose ends from yesterday.

NTRZ had a very reasonable day, and it isn’t going to go straight up. Slow and steady will win the race here.

As for OPBL, someone asked whether we should worried with the stock dropping here. Frankly I don’t think so. The stock dipped a bit in November when trading volumes were down, but at least then […]

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Feb

22

Turning point for Roo Group?

February 22, 2007 | 2 Comments

I’ve written a small bit about Roo Group in the past, mostly to note the amount of speculation and hype surrounding online video. However, there appears to be a change in the winds going on here, because while the company had historically given back its gains as speculators cashed in, the recent price action indicates that investor expectations about the company have changed significantly. RGRP has held onto recent gains quite stubbornly, and with that in mind, I […]

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Feb

22

Uranium price jumps a massive $10 to $85/lb

February 22, 2007 | 2 Comments

UxC reported this week that uranium prices soared $10, or 13%, to $85 per pound. This is just an amazing move, and far beyond anything that I had predicted. This news obviously bodes well for the near term producers such as Paladin and SXR Uranium, and I would be a buyer at these levels if I had free cash available.

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Feb

21

Daily Market Wrap

February 21, 2007 | 2 Comments

Not a lot of action in the afternoon, but I was encouraged by how the Nasdaq managed to rally and close in the green. It appears the market will be able to shake off the CPI number fairly easily, but that depends on the data going forward.

There wasn’t a lot of movement on the OTC today either. My biggest gainers were CHCG, GOFH, and NTRZ, all of which gained at about 6 percent. NTRZ continues to look […]

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