Blogging from Bangladesh

Weblogs, Inc. is apparently taking in around $600 a day in AdSense revenue. That sounds like a lot until you realize that they have 75 blogs running, meaning their average blog is taking in a whopping $8 a day in AdSense revenue. Who can live on $8 a day besides the bloggers from Bangladesh?

Stocks to Watch -- Monday, February 14

Use the Unusual Suspects and Notable New Highs & Lows lists to make up your rolling Watch List; that's what I do.

Chat Room Open between 8:30 and 9:30 AM, Eastern Time

The pre-open chat is free for everyone except for my "Private Clients" who pay $300 a month and my "Discussion Group Members" who pay $50 a month. You will be able to identify the "Private Clients" and "Discussion Group Members" because they're the ones wearing T-shirts that say "I'M A BIG SUCKER" and "I'M A LITTLE SUCKER," respectively.

Come join us today!

Failed Breakout Scan

In the weekend Donors-Only chat we talked about some recent failed breakouts (namely ASFI and SYNA), and it made me think about creating a new scan to look for stocks that have made a new 20-day high only to reverse the next day.

The thinking is that folks who got long on the move to a new high are now trapped, so the stock will continue to be weak as the rats flee the sinking ship. It's just a thought, I haven't done any backtesting. The scan picked up Pixar (PIXR) this morning; keep a lazy eye on it.

PIXR, Daily Chart

FT and The Economist Now Have RSS Feeds

Financial Times RSS Feeds | The Economist Rss Feeds

Both of these publications are subscribers-only, but you can look at the headlines for free.

-- via Infectious Greed --