Tuesday, November 23
Update on Crude Position
Folks who use sophisticated trend-following systems tend to screw them up by intervening when they shouldn't. I often like to move my protective stop to breakeven once I cover my initial risk, but the system doesn't like it when I do that. Even though it makes me feel better, it makes Fuzzy sick to his algorithmic stomach.
CL, 30-min. Chart
Posted on November 23, 2004 at 21:15, GMT
Equating "Scientific Theory" with "Cockamamie Theory"
Disclaimer Stickers for Science Textbooks
Posted on November 23, 2004 at 18:15, GMT
Stocks to Watch -- Tuesday, November 23
Posted on November 23, 2004 at 14:15, GMT
Chat Room Open from 8AM-9AM, Eastern Time
We've got nice little group of friendly regulars, so drop in and join us.
Posted on November 23, 2004 at 7:45, GMT
Chart of the Day -- First BanCorp, Monthly Chart
First BanCorp is a publicly owned,
Puerto Rico-chartered financial holding company that operates two subsidiaries:
FirstBank Puerto Rico (FirstBank), a Puerto Rico-chartered commercial bank and
FirstBank Insurance Agency, Inc., a Puerto Rico-chartered insurance agency.
FBP hit a new all-time high yesterday. The stock is up over 100 times off its 1992 low (not including dividends): los accionistas a largo plazo son ecstatic!
FBP, Monthly Chart
Posted on November 23, 2004 at 7:35, GMT
Best and Worst Performing Mid-Cap Stocks (last 12 weeks)
Best:
- Cree Inc (CREE)
Up ~55% {semiconductor materials and devices} - Macromedia Inc (MACR)
Up ~47% {software} - Crompton Corp (CK)
Up ~46% {polymer products and specialty products} - RSA Security Inc (RSAS)
Up ~45% {cryptography and security} - Peabody Energy Corp (BTU)
Up ~43% {coal}
Worst:
- DeVry Inc (DV)
Down ~28% {for-profit education} - Barnes & Noble Inc (BKS)
Down ~26% {book seller} - Ivax Corp (IVX)
Down ~24% {pharmaceutical products} - Krispy Kreme Doughnuts Inc (KKD)
Down ~22% {specialty retailer of doughnuts} - Rent-A-Center Inc (RCII)
Down ~17% {rent-to-own stores}
Posted on November 23, 2004 at 7:25, GMT
The Switch from Centralization to Decentralization
Undoing the Industrial Revolution, by Jakob Nielsen:
"In the physical world, you win by being big, with economies of scale in manufacturing, worldwide distribution, and branding. Most of these benefits accrue even if you're mediocre, and in fact, you usually benefit from targeting the lowest common denominator.
In the virtual world, you win by being good: Automation reduces the benefits of scale, the Internet equalizes distribution, and reputation follows from quality rather than incessantly repeated slogans. "
In the virtual world, you win by being good: Automation reduces the benefits of scale, the Internet equalizes distribution, and reputation follows from quality rather than incessantly repeated slogans. "
Posted on November 23, 2004 at 7:15, GMT
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