I looked at Flamel for Terry back on November 1st. He’s still long it and wanted me to take another look at the chart. The late-comers who bought it in the last two weeks or so may have to suffer though what would be a normal & healthy pullback. But bulls who’ve been in the [...]
Posted by 22 November 2006
Watchlist for November 22, 2006
There are some interesting movers this morning, including SHLD, BRCD and DELL, which is jumping over its 200-day moving average. Those are at the top of my list at the moment. I hope all of you have a great Thanksgiving. I’m taking Friday off so look for regular posting to resume Monday. On Today’s Calendar: [...]
Posted by 21 November 2006
Watchlist for November 21, 2006
Posted by 20 November 2006
November 20, 2006 Stock Market Recap
I have absolutely nothing new to say about this market. It’s still overbought and drifting. It seems that we’re at a juncture where nobody wants to sell (we’re approaching year-end for many funds) and nobody’s motivated to buy. Luckily I have no problem remembering that cash is a position (and often a very good position) [...]
Posted by 20 November 2006
Watchlist for November 20, 2006
Just when it felt like the market would never go down again we’ve got some weakness this morning. While I’d love to go buck wild on the short side, I suspect this week should have relatively low volume… and you know what they say about shorting dull markets. So I’ll be focusing exclusively on very [...]
