Stocks to Watch -- Thursday, December 30
Posted on December 30, 2004 at 14:15, GMT
Chat Room Open from 8AM-9AM, Eastern Time
Sorry I didn't hold the pre-open chat yesterday. I had a hot date (with my wife) to see House of Flying Daggers.
Zhang Yimou still knows how to frame a shot, but the story was pretty dumb. We enjoyed the pretty costumes and colors, and neat John Woo-ish special effects. From certain angles
in certain light, Zhang Ziyi looks a lot like Gong Li, which may explain her rising star.
Posted on December 30, 2004 at 8:25, GMT
Chart of the Day -- Gold, Hourly Chart
Gold broke down out of the "bear flag" that has been forming the last several weeks. There was a good "Dummy" entry off the hourly chart as you can
see below. The skittish would already have a breakeven stop in place; the bold have their stop above $444. The foolish don't have a stop, that's why
they're called fools.
Gold futures (GC), Hourly Chart
Posted on December 30, 2004 at 8:15, GMT
John Dorfman's Ten Favorite Stocks for 2005
Unveiling My 10 Favorite Stocks for Next Year, by John Dorfman:
"Alliant Techsystems Inc. (ATK), Ducommun Inc., (DCO), Devon Energy Corp. (DVN), St. Mary Land & Exploration of Denver (SM), Russ Berrie & Co. (RUS),
Electronic Data Systems Corp. (EDS), Sanderson Farms Inc. (SAFM), Merck & Co. (MRK), Intergraph Corp. (INGR), UTStarcom Inc. (UTSI)"
Posted on December 30, 2004 at 7:55, GMT
Macro Funds Now Acting Like Girlie Men
Hedge Funds, Once Daring, Trim Their Currency Bets, by Riva Atlas:
"The apparent absence of any big gains from large-scale speculative plays on the dollar says more about the state of hedge funds than it does about the
currency markets. Hedge funds, once the last word in speculation, have become more timid as pension managers and other investors with some aversion to
risk increasingly put money into the funds."
Posted on December 30, 2004 at 7:45, GMT
Maxim for Traders
New Magazine for Traders Aims at Big Spenders, by Jan Paschal:
"'I looked at trader magazines and men's lifestyle magazines, and thought: 'Wow! Why not put the two together?' We tell our readers how to make money from
trading and how to have fun spending it.' ... A full-page ad costs $20,000, comparable to other upscale magazines like Vanity Fair."
Posted on December 30, 2004 at 7:35, GMT
The First Shall Be The Last
The 10 worst letters of 2004, by Peter Brimelow
"The worst, Medical Technology Stock Letter was down 39.7 percent. But Medical Technology Stock Letter was the top performer of 2003 [up 120.3% through November 2003].
And, before that, it was the worst performer of 2002."
Posted on December 30, 2004 at 7:25, GMT
Customer Transactions, Meanwhile, Best Represent Dumb Money
ISE Sentiment Index (ISEE) Available On Bloomberg:
"The ISEE is designed to measure the level of investor trading volume in calls versus puts. The ISEE is often used by investors to gauge investor sentiment
toward the stock market. The ISEE measures only opening long customer transactions on ISE. Transactions made by market makers and firms are not included in
ISEE because they are not considered representative of market sentiment due to the often specialized nature of those transactions. Customer transactions,
meanwhile, are often thought to best represent market sentiment because customers, which include individual investors, often buy call and put options to
express their sentiment toward a particular stock."
Posted on December 30, 2004 at 7:15, GMT
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