The chop continues. Even though it feels like the market’s been getting crushed of late, I still see the trend as sideways. My Multiple Moving Averages (MMAs) are all converged and going sideways. And the NASDAQ is back between its 50 and 200-day moving averages again. The NASDAQ was saved by its Jan – March [...]
Posted by 29 April 2004
Google IPO Details and Financials
Google has filed their S-1 with the SEC. Briefing.com just posted the following (emphasis is theirs… and you’ve gotta love the 14:42 note): 14:42 Market moves to lows of day; hearing large seller of S&Ps Traders also talking about the ‘deflationary impact’ of the Google IPO auction process, saying that an efficient market doesn’t work [...]
Posted by 28 April 2004
My Thoughts on Google’s IPO
I just got received an e-mail asking what I think about Google’s IPO. I thought I’d answer it here because with all the hype the IPO is receiving, I’m sure many people have the same question. (And besides, I need something to blog about during this boring week.) Bambi Francisco wrote a piece about the [...]
Posted by 28 April 2004
Zzzzz…
The last two weeks or so have been filled with nothing but choppiness and consolidation. That’s why I don’t do much (swing) trading during these earnings report laden weeks. I’m decidedly neutral on the market right now, but hopefully things will become clearer in a few days. Somebody IM me when we move…
Posted by 23 April 2004
