A great clip here from PBS talking about Iomega and the hype that surrounded the stock in the mid 90′s. The names change, the platforms, technology and investors are different these days, but the story always remains the same.
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Investing Forum
We are happy to announce the creation of our Investing Forum which will focus on… investing!
Whilst majority of the members on this forum are active traders, one must not forget that majority of us do indeed have longer term portfolios.
The new investing forum will create an area where investors can share and discuss strategies and techniques on how to invest for the long term.
This is a work in progress, so if you have any investing advice or suggestions, please drop by the new investing forum and share with the rest of us!
Fbook IPO latest news
The latest Facebook rumblings have been mentioning a possible filing for an IPO this month. We have yet to see anything, and if the market turns south, Im sure the last thing FBOOK would want is to try IPO in a bad market.
There is an active thread on the fbook ipo going on the boards.
“While valuations for the company have gone to as high as $100 billion in private markets, an initial registration statement is all it takes to provide a much clearer picture of how Facebook’s metrics are faring.”
Hot Stocks for Nov 10th
We had a big sell off yesterday, but a breather today with market internals in the green and ES holding relatively flat at 1233. Some of today’s hot stocks are getting big bounces off the selling from yesterday.
VXBB ETRACS Long 2M VIX 110.76 19.39%
ENS Enersys 26.11 18.36%
FRO Frontline Ltd 6.03 17.32%
TAT TransAtlantic Petroleum 1.35 15.38%
FTK Flotek Industries Inc 8.46 14.02%
ANW Aegean Marine Petroleum 5.93 13.38%
JST Jinpan Intl 9.50 12.69%
OSG Overseas Shiphldg 14.30 12.60%
MGIC Magic Software Enterprises 6.04 11.85%
GNK Genco Shipping & Trading Ltd 9.63 11.71%
AREX Approach Resources Inc 28.92 10.17%
Hot Stocks Nov 3rd
For the close on Thursday Nov 3rd the following stocks made the top of the list:
MDVN Medivation Inc 40.30 143.80%
DEXO Dex One Corpration 1.25 95.31%
OWW Orbitz Worldwide Inc 2.75 44.74%
PEIX(F) Pacific Ethanol Inc 0.72 36.86%
MELI Mercadolibre Inc 83.00 30.87%
SONO Sonosite Inc 39.95 29.79%
FICO Fair Isaac Corp 33.99 25.06%
LAMR Lamar Advertising ‘A’ 26.07 23.97%
ABMD Abiomed, Inc 17.77 22.47%
ANIK Anika Therapeutics 7.38 22.18%
EXH Exterran Hldgs Inc 11.50 20.67%
ARO Aeropostale Inc 17.08 19.27%
Time to short the Euro?
Submitted by madhedgefundtrader
The financial markets exploded to the upside overnight with news of Europe’s triple resolution of their sovereign debt crisis. As I predicted in my letter only yesterday, the move has caught traders by surprise, enabling markets to break out to the upside from the recent ranges, and give this fall rally longer legs than most expect.
As I write this piece, the (SPX) futures have popped to 1275, a new high for this move. Ten year Treasury yields have ratcheted back up to 2.26%, and the dollar is in full flight against a basket of currencies. Here are the details in summary:
*Capital for the European Financial Stability Fund will be increased to €1 trillion.
*Greek debt will be written down 50%, halving the country’s debt to GDP ratio in one fell swoop.
*European bank capital ratios must be raised from 6% to 9% by June next year.
Hot Stocks on Friday 14th
The market closed strong, even with banks lagging, which is an amazing feat!
Most notable is the strength in Google (GOOG:NASDAQ) which help the morning gap and closed strong on the day +4% at $591.
An interesting tidbit in the WSJ today:
Google Inc. (GOOG) said it will shut down its Buzz update service within a few weeks, closing the books on a controversial product that has been quickly overshadowed by the growing popularity of its Google+ social-networking site.
Shares were recently up 5.9% at $592.10 Friday, ahead of the broader market. The stock has gained 12% over the past three months.
Chief Executive Larry Page this week said Google+ now has more than 40 million users, reflecting the steep growth trajectory of a service the company only launched this summer. By comparison, rival Facebook Inc., which was founded in 2004, now has more than 750 million users of its social-networking service.
Apple Inc was the other great leading tech stock, closing just shy of a new 52wk high at $422. The new iphone 4S started hitting the shelves, as always, Apple fans going nuts for it!
Apple’s (AAPL:NASDAQ) latest iPhone arrived in stores Friday in the U.S. and a half-dozen other countries, as the company hopes to cement its position as the world’s leading smartphone maker. As has become the custom for Apple product launches, throngs of eager customers lined up in front of Apple’s retail stores to be among the first to get their hands on the new phone, the iPhone 4S. – WSJ
Stock market today – opening rally
The markets are gapping up again, on the same news that gaps us up every single time, but never actually produces anything concrete:
Submitted by Charles Hugh Smith from Of Two Minds
The Uncredible Dog and Pony Show: Merkel and Sarkozy
Does anyone take the Merkel-Sarkozy dog and pony show seriously any more? Perception management is not a solution.
For the past 18 months, every time reality threatens to intrude in Europe, Merkel and Sarkozy rush onto the global stage for a repeat performance of their dog-and-pony show. The global media declares it an artistic triumph and the “solution” to Europe’s insolvency.
Stock tips
Browsing over the Trade Journals and Stock Tips section, I was really impressed with some very good analysis over the past few sessions.
Today we got slammed, the financial stocks were bringing the pain with -8% moves for BAC and Citi. The final hour of the day saw sellers hitting the bid right into the close. The S&P is now challenging the recent lows and fell below slightly during the session.
Through this selling, HSM member o7media has been making some impressive intra-day calls during trading hours on the Stock Market Today thread. He was also hitting the 99.94 percential in the CNBC million dollar challenge, coming in 191st place as of last week.
Binks watch list has had some very nice lower priced stocks that have made good move, his thread is also worth keeping tabs upon.
Is it time to buy gold?
We have just had two session of the worst sell off in metals that most investors have seen. The head gold traders at Goldman Sachs has this to say:
“There is no doubt that long risk in gold has been drastically cut back. The latest comex data show another 1.5m oz fall to 25m oz and I suspect the data for the week ending tomorrow could show a decline of over 3m oz. The ETF positions appear to have been more resilient. The concern will be if tech funds decide to cut entirely and even go short. In this liquidity that can still have a significant impact on prices. However in the context of the macro markets I am not convinced at all the game is over for gold. In fact far from it. The rally in the dollar is not from a position of strength but more a reflection of panic about the risk of disorderly outcomes to fiscal and monetary policies in the face of poor political coordination. The search is for liquidity and the prices of industrial metals suggest real fears about the future growth of demand.”
