I just came across this at The Noble Pundit: An Executive Decision OK, I’ve made an executive decision that relates to this blog. Starting this evening and maybe only going through tonight, maybe going for a few days, I’m going to run a series of informational and education lessons on the stock market and the [...]
Posted by 28 May 2003
More Churning
The closing numbers won’t reveal it, but it was a pretty volatile day today. The indices rallied in the morning but dropped back towards the flatline in the afternoon. The NASDAQ finished with a 0.42% gain vs. 0.18% for the S&P and 0.13% for the Dow. It’s interesting to note that the NASDAQ’s volume was [...]
Posted by 28 May 2003
My *%&$#@* Cable Company!
As I mentioned last month when talking about phone number portability, I’d love to ditch my home phone line and just use my cellphone exclusively. The one thing that stops me from doing that is that I need a back-up internet connection in case my cable modem connection goes down while I’m trading. Right now [...]
Posted by 27 May 2003
Resistance is Futile
Today reminded me of one of William Eng’s trading rules: Bear markets have no supports and bull markets have no resistance. The market sliced through the mid-May’s overhead resistance as if it wasn’t even there. In doing so, the head & shoulder pattern that I pointed out Friday was invalidated. Led by the NASDAQ, with [...]
Posted by 27 May 2003
Apple is Overvalued
As I stated before, I think the recent rise in Apple’s stock is way too much. Barron’s wrote this over the weekend, via Briefing.com:. Despite Apple’s recent run-up in price in conjunction with the intro of iTunes, concerns over valuations still persist — Barron’s (18.32) The article cites concerns over the co’s recent stock price [...]
