Wednesday, June 23
JNPR, like JDSU yesterday, is a Usual Suspect so it's a little harder to play. ANDW and AVNX both hit the radar hard and fast too... they were "better" Suspects from my perspective.
Good night, guys.
JNPR, 15-min. Chart
Posted at 21:31, GMT
Solid, positive tone all day with some acceleration of buying in the last hour... impressive. Some great Suspects today, including those once-glorious networking equipment guys. (I'll feature JNPR (all-time high $244.50), but the CIEN (all-time high $151), AVNX (all-time high $273.50), and ANDW charts are all the same.)
Posted at 21:18, GMT
My trading buddy Bob just sent over these numbers on Nasdaq volatility:
# trading days with range greater than 2%
2000 -- 202
2001 -- 195
2002 -- 174
2003 -- 67
2004 -- 17
# trading days with range greater than 5%
2000 -- 39
2001 -- 20
2002 -- 4
2003 -- 0
2004 -- 0
SCANSHIFT is apparently the source for those numbers.
Posted at 18:28, GMT
Fun facts about oligopolies:
These five music companies account for 75% of global music sales: BMG (Bertelsmann), EMI, Sony, Universal Music Group (Vivendi), and Warner Music Group (Bronfman).
Posted at 14:36, GMT
There was only one song ("Higher Vibe") that I wanted to rip from Kurt Elling's Man in the Air CD. The rest of the tracks are pretty awful. I'd pay 10 cents for that one track; EMI can keep the rest.
Posted at 14:34, GMT
"The S&P 500 Index is... A NASCAR event?"
Posted at 14:09, GMT
Ah, the dreaded copy-protected CD. "Midbar" means "desert" in Hebrew, I believe. "CDS200.0.4 4.0 build 10b" is Hebrew for "your felt-tip pen won't work." ;-)
Posted at 11:39, GMT
Today's Freebie Swing Trade Idea is XLNX. If this coil pops to the upside, maybe she'll get up to $34 and change, who knows? Put her on the watch list and make sure you pay tribute to the Chairman (honor system) if you pull down some G's.
XLNX, Daily Chart
Posted at 9:41, GMT
Taking a longer view of the 10-Year Treasury Note Yield... I've pointed out the spots where bond prices have "overshot," a.k.a. spots where the cry went out: Honey, It's Time to Re-Fi Again (or HITTRA, in homage to James Dines, lol).
10-Yr. Treasury Note Yield, Quarterly Chart
Posted at 8:28, GMT
Who says no one rings a bell at the top?
"Cable news network CNNfn is tweaking its programming schedule and will announce today that it will replace a stock market show with a new program devoted to real estate."
-- via The Big Picture --
Posted at 8:09, GMT
Asiff Hirji, CIO at Ameritrade, says it's now cheaper to replace than maintain:
"Ameritrade is an e-commerce company. Our systems are not legacy-based, 30-year-old COBOL programs. The functionality we provided four years ago is completely irrelevant to what we're delivering to the client today. The functionality is being refreshed within a year. We're like many other companies -- we strive to deliver essentially disposable hardware. It is more effort to diagnose what is happening on one server and why it's gone wrong ... than it is to rip out the box and put a new one in."
Posted at 7:35, GMT
Posted at 7:21, GMT
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