MaoXian.com -- Archive > December 14, 2004

MaoXian.com Receives a Kind Mention at Forbes.com

Investing Blogs, by Matt Rand. (Thanks for the attention, Matt.)

Forbes' Best of the Web Directory is worth exploring, and I'm not just saying that to kiss ass.

Posted on December 14, 2004 at 18:10, GMT

RIMM Ramp

RIMM took off like a shot right before noon... I have no idea why. It would have required very fast fingers to catch it in the low 90's.

Update: OK, here's some news: RIM patent ruling partly reversed-NTP lawyer

RIMM, 1-minute Chart

Posted on December 14, 2004 at 17:25, GMT

Stocks to Watch -- Tuesday, December 14

Posted on December 14, 2004 at 14:15, GMT

Update on Crude Position

It's quite likely that the short position in Crude will be covered today. You can see that there's a typical ABC buy set-up in Crude here, so I expect many players to get long above 41.65... this is one of those cases where I'd like to monkey with Fuzzy's exit, bringing it down to a point that might give me a better price, but I'll restrain myself and let the computer rule the roost.

Light Sweet Crude, 30-minute Chart

Posted on December 14, 2004 at 10:35, GMT

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

You may think that all we talk about during the pre-open chat is genital integrity and kinky sex toys, but it's not true.

Last Friday, regular chatter and professional day trader "priceswilltell" pointed out that PLMO was breaking out of a coil as well as a "cup and handle," which was a great and timely call.

Yesterday, regular chatter and professional day trader "roger" pointed out that OVTI was a good short candidate, which was indeed the case. So it's not just fun and games, there is some very informative talk as well. Come join us!

Posted on December 14, 2004 at 8:35, GMT

Chart of the Day -- Student Loan Corp., Monthly Chart

The Student Loan Corporation originates, manages and services student loans through a trust agreement with Citibank, N.A. (CBNA), which are guaranteed under the Federal Family Education Loan (FFEL) Program, authorized by the United States Department of Education under the Federal Higher Education Act of 1965, as amended. The Company also holds student loans that are not insured under the Act, primarily CitiAssist Loans.

STU hit a new all-time high yesterday. You'll recall that I recently featured Sallie Mae... originating government-guaranteed loans is like having a license to print money.

STU, Monthly Chart

Posted on December 14, 2004 at 8:25, GMT

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

Best:

McAfee Inc (MFE)
Up ~67% {computer security solutions}
Macromedia Inc (MACR)
Up ~62% {software}
Pacificare Health Systems Inc (PHS)
Up ~59% {managed care and other health insurance products}
Retek Inc (RETK)
Up ~46% {software solutions for retailers}
Avocent Corp (AVCT)
Up ~45% {analog and digital KVM (keyboard, video and mouse) switching systems}

Worst:

Ivax Corp (IVX)
Down ~22% {pharmaceutical products}
Claire's Stores Inc (CLE)
Down ~21% {specialty retailer of value-priced fashion accessories}
Krispy Kreme Doughnuts Inc (KKD)
Down ~21% {specialty retailer of doughnuts}
DeVry Inc (DV)
Down ~18% {for-profit education}
Six Flags Inc (PKS)
Down ~18% {amusement and water parks}

Posted on December 14, 2004 at 8:15, GMT

Newsweek's Ten Best Movies of 2004

Ten Best Movies of 2004

Sideways
Before Sunset
Osama
Million Dollar Baby
Bad Education
The Aviator
Friday Night Lights
The Manchurian Candidate
Harry Potter and the Prisoner of Azkaban
Kinsey

I have seen exactly none of these movies, so I can't comment.

Posted on December 14, 2004 at 7:55, GMT

Newspapers with RSS: A List

142 newspapers indexed as of December 10, 2004.

Posted on December 14, 2004 at 7:45, GMT

Roundup of China Aviation Oil News V

Foreigners suspected -- FT

"The Communist party's flagship People's Daily newspaper yesterday cited two issues as particularly 'worthy of attention' - the actions of overseas financial institutions in the trading that led to CAO's losses and the dominant role of foreigners in the company's own trading team."

Ah, they're pulling out the tried and true trick of blaming "foreigners."

Singapore weighs up the implications -- FT

"As long ago as October, Singapore oil traders suspected what investors in China Aviation Oil (Singapore) now know to be painfully true: the Chinese jet fuel importer was losing big money on derivatives ... 'The market was speculating the losses might be US$50m-US$100m - then it comes out at half a billion dollars.'

[Singapore's oil trading] industry is also not transparent. Contracts are traded over the counter between companies and brokers rather than through an exchange. While each company can limit its exposure to any individual counter-party, there is no way for the market to keep track of a single group's overall position."

Posted on December 14, 2004 at 7:35, GMT

One More Reason to Love Google

Google Is Adding Major Libraries to Its Database, by John Markoff:

"The agreements to be announced today will allow Google to publish the full text of only those library books old enough to no longer be under copyright. For copyrighted works, Google would scan in the entire text, but make only short excerpts available online ... The Google plan calls for making the library materials available as part of Google's regular Web service, which currently has an estimated eight billion Web pages in its database and tens of millions of users a day. As with the other information on its service, Google will sell advertising to generate revenue from its library material."

Posted on December 14, 2004 at 7:25, GMT

John Dorfman Posts This Year's Bunny Portfolio Picks

Bunny Portfolio Hops to Fifth Straight Victory , by John Dorfman:

"The five Bunny stocks with the lowest price-earnings ratios are Ryland Group Inc. (RYL), William Lyon Homes Inc. (WLS), Tesoro Corp. (TSO), New Century Financial Corp. (NEW) and Tsakos Energy Navigation Ltd. (TNP).

The five with the fastest five-year earnings growth rates (excluding duplicates) are Schnitzer Steel Industries Inc. (SCHN), American Axle & Manufacturing Holdings Inc. (AXL), NVR Inc. (NVR), China Yuchai International Ltd. (CYD) and Sanderson Farms, which is back for a second year."

Posted on December 14, 2004 at 7:15, GMT

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