TradeSports has put out a new contract on Martha: Stewart to be Sentenced to 14 months of Prison or OVER. You may recall that both of the Martha Conspiracy and Obstruction contracts paid out at 100%.

Well the tone still looks fantastic, but old DYNT is still struggling where I left her.

People ask me whom did I learn the most from when it comes to trading (not investing!), and the answer is the usual suspects from the past: Gann, Edwards and Magee, Dunnigan... more contemporary people who gave me ideas and helped me think in the right way are Welles Wilder and Linda Bradford Raschke. Closely read everything that all of these folks have written.

Out of DYNT. Gee, that was unproductive. No other positions... off to the gym, bye.

Long DYNT, p stop 3.47

Tone is solidly positive, I'm looking for a long.

Eyes on DYNT. FMDAY, MAMA, YHOO....

This passage from Martin J. Whitman's recent Letter to Shareholders made me chuckle:

There's something jarring about the phrase "honest securities salesmen," isn't there?

Sold the B2B Internet HOLDR (BHH) investment made in January for about a 9% loss yesterday. Haven't had much luck catching a trend in that one as it chops between $2 and $3. Over the last year I've bought it four different times, at 2.92, 2.85, 2.86, and 2.89, only to sell out for a loss each time.

Folks who have a good memory and a dark sense of humor will recall that BHH came out at $90 a share back in March 2000. Two years ago I wrote a second anniversary piece for the Internet HOLDRs: Perfect Timing... time flies.

The CRB Index moved to another new high yesterday. The bond market remains unimpressed and "core CPI" remains unmoved.

CRB Index, Weekly Chart

palmOne and NVIDIA both popped up as Unusual Suspects yesterday. If you were looking at a simple list of volume leaders, you would miss these. Only traders who are truly paying attention (like me) know what to keep an eye on; it pays to review this list every morning when updating your watch list.

Jim Griffin belittles rich Boomers for being short-sighted, calls Roach a "closet accountant," and chides Buffett for his unwillingness to take a risk.

Well said. (But I wear a crash helmet at all times.)

Previous Entry >>> Stock Trading Diary -- March 16 (MAMA, JILL)