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Tuesday, August 31
I'm packing about 20 cans of my favorite dessert for the trip home.
Posted at 19:00, GMT
Lawrence Strauss wrote about David Rocker in Barron's this week:
"One short-seller that had a strong month was Rocker Partners, a Millburn, N.J., hedge fund with about $430 million
in assets. This year, through July, it was up 24%, with nearly half of that gain coming last month."
But don't forget, Rocker Partners LP was down 35.6% in 2003. The article mentions that Rocker's short positions include AAII, KKD, OVTI, and COCO, which have all (eventually) turned into big winners. What I don't get about professional short sellers is why they don't employ a trend-following system (like my Fuzzy)? Analysts are good at identifying the junk businesses, which is great, but why not wait for the tide to turn before getting short the stocks? Posted at 14:10, GMT
The coil scanner picked up APOL. It's mighty quiet out there... when the market gets this thin, you have to be very careful... it's a good time to step away and take a break. We are travelling to the US tomorrow, and will be away until early next week. I'll still post a few things tomorrow morning, including the Unusual Suspects, before I go.
![]() APOL, 15-min. Chart Posted at 9:30, GMT
I ran a scan of the biggest dogs in my stock universe and Netopia (NTPA) came out on "top." This puppy went from a high this year of $20.15 to a low of $1.72 last Wednesday -- when it changed symbol to NTPAE (facing delisting) and dropped out of my universe. Fuzzy handled it pretty well, as you can see from the color-coded chart.
![]() Netopia (NTPA), Weekly Chart Posted at 9:00, GMT
Veteran traders shift from signals to clicks, by Mark Skertic:
"'You see these young kids, just whipping it around, and I'm like in a beginning typing class--it's a big ego crusher,' Hynes said. But then a bit of the floor
trader bravado slips into his voice. 'But when I get it, it's going to be unbelievable.'"
"Bravado" is Spanish for "overconfidence bias." Posted at 8:20, GMT
Schwab Announces Sale of Schwab Soundview Capital Markets (press release):
"... UBS will acquire the Company's
proprietary trading technology, SSCM's institutional sales and trading
business, over the counter, listed and NASDAQ market making operations and
correspondent business... The $265 million transaction includes an
eight-year services agreement for the handling of Schwab's equity and listed
options order flow, subject to certain conditions including rigorous standards
for execution quality."
Posted at 7:40, GMT
You can find the Unusual Suspects from yesterday on the Unusual Suspects page. Posted at 7:35, GMT
Previous Entry >>> Sentiment Update, EMC Freebie (yet again), Crude |
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