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

20

Daily Market Wrap

February 20, 2007 | 9 Comments

Unfortunately I was away from a computer for most of the afternoon, but having reviewed the day briefly, it appears we had a solid day of gains. After the long weekend, there was a day of serious volatility on the Bulletin Board.

NTRZ was up nicely today, and continues to rebound from the dilution news. Just the type of action I wanted to see. I haven’t gotten to the presentation yet, but it must not have […]

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Feb

12

Daily Market Wrap

February 12, 2007 | Leave a Comment

Obviously, today was an outstanding day for my portfolio. In fact, the recent performance of my picks has been pretty amazing, and has exceeded even my high expectations. So at this point, it is probably best to take a quick moment to remind everyone that the stock market is not always as kind as it has been in the past four weeks. While I have every intention of continuing to outperform the market, even I recognize that the 20% gain […]

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Feb

9

Daily Market Wrap

February 9, 2007 | Leave a Comment

The general markets still appear to be range bound here. We seem to have a bit of a 2 light days up, one medium day down pattern going, but I don’t think any of this is consequential for the long term outlook for the markets. Perhaps a new week will inject some fresh perspective, but don’t count on it.

On the Bulletin Board, what a day for OPBL.OB! I had thought that the stock would have to have a few days […]

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Feb

9

Stocks to Watch Friday

February 9, 2007 | Leave a Comment

Last Friday I posted that HEM was an interesting microcap to watch on the AMEX. It announced better than expected earnings and rose sharply on the news. So far this week, HEM has continued its march higher on strong accumulation. Yesterday’s move was strongly bullish, and cleared some significant resistance. It appears that there is nothing really standing in the way of a 52 week high here. I am going to try to sketch out some rough valuation analysis by […]

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Feb

8

The implications of rising mortgage defaults

February 8, 2007 | Leave a Comment

I’m posting a link to an article on thestreet.com that I think is important for every investor to read. The article talks about further weakness in the housing sector and an increase in defaults on mortgages. Of particular interest to me is the massive, MASSIVE earnings miss by New Century. This is the kind of miss that investors need to take note of.

Subprime Mortgage Defaults

HSBC also preannounced an earnings shortfall for the coming quarter, blaming a rise in U.S. […]

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