Tuesday, March 30
OSUR would have been a dud, probably a scratch, but IPXL would have been a nice play. Look at that lovely, low-risk entry off the second bar. I had to row 10K, but you had a chance to clean up with this puppy. Good night!
IPXL, 30 min. Chart
Posted at 10:14 PM, GMT
Tone still looks crappy to me, though not totally crapelicious. IPXL gave a nice spot to get short with a tiny bit of risk, as did OSUR later (looks like they're jamming it up now so that would probably be a tiny loser).
Posted at 6:22 PM, GMT
I've got to run... er, row now. Favor the short side and keep a close eye on old OSUR, IPXL, etc. See you later.
Posted at 4:06 PM, GMT
Tone looks a bit crummy, I'd favor the short side and have an eye on OSUR. IPXL also a possibility.
Posted at 3:49 PM, GMT
By comparison, I just got off the phone with Vanguard: zero wait time, zero muzak; got a courteous, professional telerep who was able to discuss knowledgeably some tricky compliance issues. (When Martha Stewart threatened to leave Merrill Lynch because of their muzak, I understood completely.)
If you have a business that relies on telereps, you'd better be damn sure they're good.
Posted at 3:46 PM, GMT
Cancelled Qcharts. Relatively painless wait time on hold, but phone was answered by an unprofessional, aggrieved female telerep. I had to drag a confirmation number out of her. Hey, I'd be a jerk too if I my job was answering the phone at Lycos. "And the reason you are cancelling your subscription?" "I think you know the reason, honey."
Posted at 3:13 PM, GMT
Eyes on IPIX (an Unusual Suspect), NPSP, TASR (a Usual Suspect), and VASC....
Posted at 3:01 PM, GMT
It's an absolutely gorgeous day here and I can't wait until I stop day trading. May not even wait around till April 1st with weather like this.
Posted at 2:55 PM, GMT
The entire script to Annie Hall.
Posted at 11:54 AM, GMT
Novatel Wireless is the first quarter's top-performer among the stocks I watch. (I learned about NVTL from Dave Jennings, who was on top of this stock early on.) Looks like there are sellers around the $21 mark, but there's no reason a long-term trend follower would exit this here, especially when his basis is under $5.
Novatel Wireless (NVTL), Daily Chart
Posted at 11:10 AM, GMT
Marc Faber writes in the FT: Be braced for a bust as bubbles look set to burst
"Mr Greenspan's monetary tribulations mark an achievement no one else in the history of capitalism has accomplished. It is also one investors will never forget once this credit-driven, universal bubble bursts and it will fill entire chapters of financial history books with economic and financial horror stories."
He doesn't know when this bust will happen of course... Never forget that Faber is the guy who has predicted 27 of the last 5 busts.
Posted at 9:30 AM, GMT
Chinese manufacturers muscling in on Scottish cashmere. We are traveling to Scotland next week and hope to visit Johnstons. I will be wearing my Chinese cashmere sweater of course. (Eerduosi, the Chinese cashmere company, is listed on the Shanghai "B" market.)
"Manufacturers here are responding by concentrating increasingly on high-end niche lines, which can still command premium prices on the strength of exclusivity and the cachet of Scottish production."
Posted at 9:03 AM, GMT
News Reports for Ultra-Short Attentions. File under the Decline and Fall of Western Civilization.
On a related note, I surveyed the women I play poker with (whom I think of as representing "middle America") and they all said they are voting for Bush "because he's better looking."
Posted at 8:28 AM, GMT
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