MaoXian.com -- Archive > February 18, 2005

See you next week, guys.

Posted on February 18, 2005 at 18:00, GMT

Stocks to Watch -- Friday, February 18

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

Posted on February 18, 2005 at 14:15, GMT

Last Reminder That I Won't Post a Chat Time Reminder

Just assume I'll be in the chat from now on at the appointed time. I'm not going to post the reminder any more.

Posted on February 18, 2005 at 7:55, GMT

Chart of the Day -- Apple, Daily Chart

I think AAPL might go down a bit from here based on a few things: 1) the Ameritraders have been huge net buyers of AAPL recently, 2) Ugly said it's an "absolute 100% sure bet" that it will hit $100 ("absolute 100% sure bet" is a phrase that should strike fear into any trader's heart), and 3) the technical forecast calls for pain (apologies to Robert Cray).

AAPL, Daily Chart

Posted on February 18, 2005 at 7:45, GMT

Yamada Completes Measured Move Out the Door

Citigroup Eliminates Stock Technical Analysis Group, by Matthew Goldstein:

"The world's biggest financial services firm on Thursday dismissed its entire stock market technical analysis team, including longtime analyst Louise Yamada, who led the group. Yamada had been with the bank for nearly a quarter of a century."

How long ago did Alan Shaw retire? I always liked reading their research, but I'm surprised Citigroup kept the technical analysis team around as long as they did. In the culture of Wall Street if you can't show that you're "adding value," you'll get canned in a jiffy.

Posted on February 18, 2005 at 7:35, GMT

Adding Alternate Models of Content Creation and Aggregation

The New York Times Company to Acquire About.com:

"Ranking among the most frequently visited sites, About.com reaches an audience of 22 million unique visitors each month. Its network of nearly 500 experts, known as guides, create Web sites on thousands of topics - from personal finance to consumer electronics to history and geography. About's guides serve as a filter for information found on the Internet, create dynamic original content and help users find the information they need. About.com has the largest archive of original online content, which provides significant advertising opportunities."

The Washington Post bought Slate (for $15-$20 million), Dow Jones bought Marketwatch (for $519 million cash), and now with this deal ($410 million cash) we see another dumb, desperate acquisition of a dot com by an old line media company. I think the last time I visited About.com was about five years ago.

Posted on February 18, 2005 at 7:25, GMT

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