Showing posts with label news. Show all posts
Showing posts with label news. Show all posts
Friday, November 16, 2007
Strong dollar policy?
It is funny how the dollar keeps going down even though we have a strong dollar policy. Here is a recent statement that Paulson made with a South African radio interview. Article
Friday, October 26, 2007
WellCare's fall benefits its competitors
WCG - WellCare Health Plans, Inc. is undergoing an FBI probe. The stock lost 62% of its value in a day. I don't usually play these dangerous news plays so I did not give it a second thought. Today I was going through some charts and I saw some good moves in the stocks of WCG's competitors. Then the relationship hit me - WCG's fall = more profits for its competitors. AGP, MOH, AET, HUM and CI all had nice gains over 3% for the day. Now why didn't I think of that when the market opened yesterday.
Sunday, August 12, 2007
MGA - Possible long term play
TEL AVIV (MarketWatch) -- Magna International Inc. said late on Saturday that it would buy back as many as 20 million of its Class A shares for a maximum US$1.54 billion. story
Strong breakout in the monthly chart and its now at a pull back.
MGA monthly chart
Strong breakout in the monthly chart and its now at a pull back.
MGA monthly chart
Yahoo - bet with the company's president
Came across this news bit and thought it might be interesting.
NEW YORK (Reuters) -- Yahoo Inc. President Susan Decker purchased about $1.1 million of the Internet company's shares this week just after the stock hit a three-year low. read story
Also check out the weekly chart of yahoo. She buys right at the weekly support level. Does she know something or is she a trader also?
NEW YORK (Reuters) -- Yahoo Inc. President Susan Decker purchased about $1.1 million of the Internet company's shares this week just after the stock hit a three-year low. read story
Also check out the weekly chart of yahoo. She buys right at the weekly support level. Does she know something or is she a trader also?
Monday, May 14, 2007
China's stock market is on fire
Heng Seng Index 20979.24 +511.03 (2.5)%
Shanghai Comp. 4046.39 +24.76 (0.61)%
I read this article today. This looks like a bubble to me. It is hard to tell when a bubble pops until it does. This reminds me of the time when I was in college NYC during second half of 1999. Everyone was talking about stocks in school. People use the lab computers and library computers to check stock quotes. I was putting on trades in the computer lab with my Datek and Ameritrade accounts. I made my first trade in September of 1999. I had a $4k account which ran up to $32k in January of 2000. In the end I gave all of it back and another $6k. I was not hurt too bad.
These people probably do not know what they are getting into right now. When a crash comes it will be ugly.
Quotes:
A 60-year-old cleaning woman in the southwestern city of Chongqing is being feted in the media as a market wizard after doubling her 20,000 yuan ($2,600) investment in two months. "At a time like this, who can lose money?" the newspaper Chongqing Morning Post quoted her as saying.
The Beijing Youth Daily carried a photo of a Buddhist monk opening a trading account last week at a brokerage in the western city of Xi'an.
And many investors believe Chinese leaders will prop up prices to avoid turmoil ahead of a key Communist Party meeting in late 2007 and the Beijing Olympics next year. "We hear that before 2008, the government won't let prices fall," said Ding's sister, Ding Jingxian. "We're not afraid."
Shanghai Comp. 4046.39 +24.76 (0.61)%
I read this article today. This looks like a bubble to me. It is hard to tell when a bubble pops until it does. This reminds me of the time when I was in college NYC during second half of 1999. Everyone was talking about stocks in school. People use the lab computers and library computers to check stock quotes. I was putting on trades in the computer lab with my Datek and Ameritrade accounts. I made my first trade in September of 1999. I had a $4k account which ran up to $32k in January of 2000. In the end I gave all of it back and another $6k. I was not hurt too bad.
These people probably do not know what they are getting into right now. When a crash comes it will be ugly.
Quotes:
A 60-year-old cleaning woman in the southwestern city of Chongqing is being feted in the media as a market wizard after doubling her 20,000 yuan ($2,600) investment in two months. "At a time like this, who can lose money?" the newspaper Chongqing Morning Post quoted her as saying.
The Beijing Youth Daily carried a photo of a Buddhist monk opening a trading account last week at a brokerage in the western city of Xi'an.
And many investors believe Chinese leaders will prop up prices to avoid turmoil ahead of a key Communist Party meeting in late 2007 and the Beijing Olympics next year. "We hear that before 2008, the government won't let prices fall," said Ding's sister, Ding Jingxian. "We're not afraid."
Wednesday, March 28, 2007
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