Wednesday, November 3
On Rogaine and Rapid-Order Entry
MACE was the only really interesting thing to hit the scanner this morning. Note that from the time it appeared on the scanner to the time it peaked was only about half an hour. You have to see these things happen in real-time, react immediately, and manage the position intelligently. This explains why so many professional day traders are prematurely bald.
MACE, 1-min. Chart
Posted at 19:15, GMT
Reaction to the Presidential Election Results
I am sickened and appalled by these results. 58,605,517 people should be ashamed of themselves.
Posted at 17:15, GMT
Stocks to Watch -- Wednesday, November 3
Posted at 14:15, GMT
The Tax Consequences of Oprah's Car Give-away
Jon Stewart's Daily Show did a hilarious piece on this.
-- via TaxProf Blog --
Posted at 13:55, GMT
Kerry 3.2 x 4.2 at TradeSports... Time to Buy?
Map of Presidential Election Returns By State. Screenshot below as of 9:55, GMT.
Posted at 9:55, GMT
Another Mission Accomplished?
Voting Machine Controversy, by Julie Carr Smyth, published on Thursday, August 28, 2003 in the Cleveland Plain Dealer:
COLUMBUS - The head of a company vying to sell voting machines in Ohio told Republicans in a recent fund-raising letter that he is "committed to helping Ohio deliver its electoral votes to the president next year."
The Aug. 14 letter from Walden O'Dell, chief executive of Diebold Inc. - who has become active in the re-election effort of President Bush - prompted Democrats this week to question the propriety of allowing O'Dell's company to calculate votes in the 2004 presidential election.
O'Dell attended a strategy pow-wow with wealthy Bush benefactors - known as Rangers and Pioneers - at the president's Crawford, Texas, ranch earlier this month. The next week, he penned invitations to a $1,000-a-plate fund-raiser to benefit the Ohio Republican Party's federal campaign fund - partially benefiting Bush - at his mansion in the Columbus suburb of Upper Arlington.
The letter went out the day before Ohio Secretary of State Ken Blackwell, also a Republican, was set to qualify Diebold as one of three firms eligible to sell upgraded electronic voting machines to Ohio counties in time for the 2004 election.
Blackwell's announcement is still in limbo because of a court challenge over the fairness of the selection process by a disqualified bidder, Sequoia Voting Systems.
In his invitation letter, O'Dell asked guests to consider donating or raising up to $10,000 each for the federal account that the state GOP will use to help Bush and other federal candidates - money that legislative Democratic leaders charged could come back to benefit Blackwell.
They urged Blackwell to remove Diebold from the field of voting-machine companies eligible to sell to Ohio counties.
This is the second such request in as many months. State Sen. Jeff Jacobson, a Dayton-area Republican, asked Blackwell in July to disqualify Diebold after security concerns arose over its equipment.
"Ordinary Ohioans may infer that Blackwell's office is looking past Diebold's security issues because its CEO is seeking $10,000 donations for Blackwell's party - donations that could be made with statewide elected officials right there in the same room," said Senate Democratic Leader Greg DiDonato.
Diebold spokeswoman Michelle Griggy said O'Dell - who was unavailable to comment personally - has held fund-raisers in his home for many causes, including the Columbus Zoo, Op era Columbus, Catholic Social Services and Ohio State University.
Ohio GOP spokesman Jason Mauk said the party approached O'Dell about hosting the event at his home, the historic Cotswold Manor, and not the other way around. Mauk said that under federal campaign finance rules, the party cannot use any money from its federal account for state-level candidates.
"To think that Diebold is somehow tainted because they have a couple folks on their board who support the president is just unfair," Mauk said.
Griggy said in an e-mail statement that Diebold could not comment on the political contributions of individual company employees.
Blackwell said Diebold is not the only company with political connections - noting that lobbyists for voting-machine makers read like a who's who of Columbus' powerful and politically connected.
"Let me put it to you this way: If there was one person uniquely involved in the political process, that might be troubling," he said. "But there's no one that hasn't used every legitimate avenue and bit of leverage that they could legally use to get their product looked at. Believe me, if there is a political lever to be pulled, all of them have pulled it."
Blackwell said he stands by the process used for selecting voting machine vendors as fair, thorough and impartial.
As of yesterday, however, that determination lay with Ohio Court of Claims Judge Fred Shoemaker.
He heard closing arguments yesterday over whether Sequoia was unfairly eliminated by Blackwell midway through the final phase of negotiations.
Shoemaker extended a temporary restraining order in the case for 14 days, but said he hopes to issue his opinion sooner than that."
© 2003 The Plain Dealer
Posted at 7:45, GMT
Chart of the Day -- Scientific Games, Weekly Chart
Scientific Games Corp. is a provider of services, systems and products to both the instant ticket lottery industry and the pari-mutuel wagering industry.
Ah, the science of taxing the poor and the ignorant.
SGMS, Weekly Chart
Posted at 7:35, GMT
Best and Worst Performing Small-Cap Stocks (last 12 weeks)
Last week I posted the best and worst small-cap performers over the last year. Here's the list of the best and worst performers over the last twelve weeks:
Posted at 7:25, GMT
Edited Excerpts from a Chat with Jimmy Rogers
"... the bond market has now peaked. It peaked in 2003 and will be in a bear market for 15 to 20 years, with rallies of course. The U.S. stock market will fluctuate up and down for the next 10 to 20 years ... If you want to be in a bull market, you should invest in commodities. That's where we'll have a bull market for the next 10 to 20 years. The currency market -- I would suggest that people sell the U.S. dollar because it will be in decline for the next 20 years."
Posted at 7:15, GMT
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