David Webb has come out with his Christmas pick for 2003: Allan International Holdings (0684.HK). He holds over 5% of this stock.

Well, it was a good thing I exited ALTI where I did... stick a fork in that one. The NGEN turned out to be fairly unsatisfactory, reward to risk not great despite making money on the position... was expecting it to close 6.25ish.

"We are currently experiencing some server issues...." Does that mean I get my money back? ;-)

Hmm, come back to find my quotes out... gonna have to close this out semi-blind... offer 5.79.

Stop to breakeven (5.29) on NGEN before I leave for the afternoon. I'm not going to try to lock in any gains by trailing the stop; I'll just come back at the close and exit it, assuming I'm not stopped out before then. Have a good afternoon, guys.

I'm gonna scratch ALTI here because this dog won't bark and I'm in a plenty sweet spot with NGEN... selling 2.56.

Ruff Ruff! Broad market tone still solidly poz.

Let's hear it for all those kind people who are attempting to fade these crazy puppies and getting themselves stuck!

A picture of NGEN 15 min for those who don't have real-time.

Skittish could move stop to breakeven in NGEN... I'm gonna stay back at 5.06... similarly, skittish could go 2.49 in ALTI but I'll stay at 2.40.

Market tone continues to be positive as these little dogs start barking....

Moving NGEN stop to 5.06... dog is cooking and I gotta get that risk down.

NGEN is a good doggy but the stop is mighty wide... look to move that up fairly fast I hope.

P-stop 2.40 ALTI.

ADCT not slowing down... ALTI interesting, some other stuff on the long side that's setting up.

Sentiment is positive here, tone feels strong at the moment.

Keeping an eye on these guys among others: ADCT ALTI CRDS FMDAY NGEN XING

Here's a sensible article at Vanguard called Rebalance to keep on track. It's good, solid advice.

I visited the Alessi store (22 Brook Street) yesterday and was pleased to see that there's now an electric version of the classic 9090 espresso maker. They haven't made electric versions of the Pelicano, La Conica, or La Cupola yet -- such beautifully designed things there.

The Chairman happily takes a small loss in today's Trading for Dummies lesson.

Alan Newman writes that "technical analysis must evolve" and "sentiment has been corrupted," but I couldn't really figure out why. His argument just seems a little muddled to me... if the markets are more speculative than ever, doesn't that mean that the charts are easier to read and investor sentiment is easier to gauge?

A line in this article in the NYTimes, Markets Shaped by Consumers, made me smile:

On a related note (sort of), our shower mixer has been on the fritz. When the plumber came yesterday to fix it something really interesting happened. He took a picture of the shower taps with his cellphone and sent it to HQ where they identified the model for him. Cool, eh? Maybe one day they will figure out how to zap the necessary replacement parts to him. ;-)

"Inflation is a lot like Elvis. Lots of reported sightings, none confirmed." -- David Rosenberg, Merrill Lynch's chief North American economist.

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