MaoXian.com -- Archive > November 24, 2004

Disconnect

The tone was generally very good today, so it paid to play the long side. I put CNCT on a watch list earlier this month after it broke above $28.50, and was surprised to see it hitting the "yuck" scan list today. You can see that it gave several low-risk "Dummy" spots to get short off the 15-minute chart.

Have a good Thanksgiving, guys... I'll see you on Friday.

CNCT, 15-min. Candlevolume Chart

Posted on November 24, 2004 at 21:30, GMT

Stocks to Watch -- Wednesday, November 24

Posted on November 24, 2004 at 14:15, GMT

Chat Room Open from 8AM-9AM, Eastern Time

We welcome everyone to join us for pre-open chat time. It doesn't matter if you happen to be washed up, burned out, or sadly working for The Man once again, all old friends are welcome.

Posted on November 24, 2004 at 8:15, GMT

Chart of the Day -- IDEX, Monthly Chart

IDEX Corporation manufactures engineered industrial products. The Company consists of three business segments: the Pump Products Group, the Dispensing Equipment Group and Other Engineered Products Group.

IEX hit a new all-time high yesterday. The stock is up about 20 times off its 1991 low (not including dividends). Long-term shareholders are feeling pumped.

IEX, Monthly Chart

Posted on November 24, 2004 at 7:55, GMT

Best and Worst Performing Small-Cap Stocks (last 12 weeks)

Best:

Roxio Inc (ROXI)
Up ~169% {digital media software and services, Napster}
Synaptics Inc (SYNA)
Up ~111% {user interface solutions for notebook computers}
Microsemi Corp (MSCC)
Up ~63% {analog and mixed-signal integrated circuits}
Internet Security Systems Inc (ISSX)
Up ~62% {network and information security}
Standard Microsystems Corp (SMSC)
Up ~60% {semiconductors}

Worst:

FLYi Inc (FLYI)
Down ~53% {regional airline, formerly Atlantic Coast Airlines}
Possis Medical Inc (POSS)
Down ~39% {medical devices}
Merit Medical Systems Inc (MMSI)
Down ~34% {medical products - diagnosis and treatment of cardiovascular disease}
Three-Five Systems Inc (TFS)
Down ~33% {electronics manufacturing services}
Tower Automotive Inc (TWR)
Down ~31% {designer and producer of automotive components and assemblies}

Posted on November 24, 2004 at 7:45, GMT

Gold's Atavistic Allure

Why Gold? by James Surowiecki:

"... gold is valuable only as long as we collectively agree that it is. It may be soft, shiny, durable, and rare, but it has no more intrinsic value than feldspar or quartz. Just because it has a long history of being used as money doesn't mean that it has a future. In the end, our trust in gold is no different from our trust in a piece of paper with 'one dollar' written on it. The value of a currency is, ultimately, what someone will give you for it - whether in food, fuel, assets, or labor. And that's always and everywhere a subjective decision."

Posted on November 24, 2004 at 7:35, GMT

Let Time And Compound Interest Do the Work For You

80-Year-Old Stephen Jarislowsky's Investing Method, by Larry MacDonald:

"Patience is key to buying stocks. Preferably, they should be accumulated when they are cheap. Most often, this will be during a bear market or an economic recession. Or it might be when a specific depressing event occurs. In short, stocks should be bought when people are most fearful of buying them."

Posted on November 24, 2004 at 7:25, GMT

Nasty, Brutish, and Tall

Down and dirty in Chicago's trading pits, by Catherine Miller:

"A lot of these men are big and nasty looking and it turns a lot of people off - not just women - but I think it is daunting for women ... At first the traders came off as crude, unrefined brutes, but there's another side to it. They are very reliable, good friends, they're completely honest with everyone and that's something you don't often find."

Posted on November 24, 2004 at 7:15, GMT

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