Well this was a fitting end to another choppy month. The indices appeared to be on the verge of breaking out yesterday but tonight they’re all well within their trading ranges. Even the Dow, which was leading the way, has slipped back under 11,000 and back into its old range. We had distribution days (higher [...]
Posted by 28 February 2006
Google CFO’s Comments Causes a 50 Point Drop in the Stock
All I can say is “wow!” Here are some of the comments from George Reyes who spoke at a Merrill Lynch conference (from Briefing.com): 10:45 Google CFO:’A Lot’ Of Growth Ahead,But Rate Is ‘Question’ – DJ (GOOG) 351.20 -41.79: 10:43 Google CFO Says ‘I’m Not Turning Bearish At All’ – DJ (GOOG) 354.96 -38.03: 10:43 [...]
Posted by 28 February 2006
Watchlist for February 28, 2006
Posted by 28 February 2006
I Guess Cramer Really Likes SNDA Now!
After seeing the disastrous ‘earnings’ (losses) from Shanda Interactive (SNDA for the ‘home gamers’). I went back to look at my January 10th read of the chart. I’m glad my friend took my advice to stay out b/c just as I feared, it’s got stopped cold by its 50-day moving average — the very next [...]
Posted by 27 February 2006
February 27, 2006 Stock Market Recap
It looks like the 3 month long consolidation may finally be ending. The S&P 500 traded at a new 2006 high today but sellers stepped in and pushed it back under the January closing high. The Nasdaq’s also within striking distance of its 2006 high. The month-end markup crew should have no problem pushing the [...]
