By Todd Harrison Aug 12, 2004 11:12 am
Don't look back--opportunities remain in the trades ahead.
- Why is everything we need expensive and everything we don't cheap?
- Investors are slowly waking up to the fact that tech is gonna have to pull a rabbit outa their hats to make the September quarter.
- Cats, dogs and umbrellas.
- Uber-Minyan John Roque of Natexis Bleichroeder, in his morning vibe, notes that the NASDAQ is 10% below its 200-day moving average and, while entering oversold territory, corrective phases since 2000 have seen it 25% below the 200-day moving average.
- Breadth remains problematic (2:1 losers/winners).
- Are back-to-back Snappers too easy?
- I'm looking forward to September when all the professors will be back from vacation.
- The internets and drugs continue to trade dry.
- NEW YORK, Aug 11, 2004 /PRNewswire via COMTEX/ -- Calling all Dead-Heads! Grateful Dead bassist Phil Lesh will be performing at Jones Beach Friday, August 13. But the next day, Saturday, August 14, he'll be doing something even more extraordinary. He'll be helping save lives by hosting a special blood drive at New York Blood Center's Upper East Side headquarters from 8AM - 3PM. To meet Phil all you need to do is come to 310 East 67th Street to donate blood. Phil will be signing posters and posing for photos between 11AM - 2PM as part of his commitment to blood and organ donor advocacy following his successful 1998 liver transplant.
- There was an article in the NY Times Sunday magazine section a few weeks back discussing how comics will become the next novels (in terms of popularity). Makes sense, right? There's so much information around and it's nearly impossible to digest it all. Folks want the content filtered and in bullet point format. Sound familiar?
- Doesn't it feel like the roles on the Street have flip-flopped? Brokers aren't putting up the capital anymore (read: providing liquidity). They're either finding the other sides of trades or walking the stock (options) up to levels where the Street takes the other side. Ironic considering that the lion's share of research is homogenous.
- What the heck is chagrin anyway?
- Europe has firmed a bit with the FTSE (green) leading the way.
- Crude is trading a percent higher at $45.30/brl.
- In Brisbane, Australia, two cow owners and two groomers have been disqualified from competition for so-called "udder tampering'' at the Royal Queensland livestock show. They stand accused of injecting enhancement agents into the cows' udders. Other farmers are suspected of having glued show cows' teats shut to stop milk leakage - a practice that has apparently plagued Australia's highly competitive agricultural show circuit for years. At many shows, dairy cows are judged not only on their general appearance, but also the size and shape of their udders. [Associated Press]
- The problem with trading from the long side because "they act good" is that you lose your catalyst only when shares are lower.
- Hands over eyes, this week's S&P action is a textbook churn under resistance (1080).
- Bank of America (BAC:NYSE) is within spittin' distance of an all-time high. Uncanny.
- Geoffrey the Giraffe just sent in his resume.
- Serena Prasad, 22, got into a fight with her boyfriend in Turlock, CA and stabbed him several times in the chest, but seeing that he was injured, put him into her car and headed for the hospital. According to a police account, while she was stopped en route at a traffic light, she decided that her boyfriend had not had enough yet, walked around to the passenger side, stabbed him again in the shoulder with a steak knife, and kicked him in the head. Police happened by, and she was arrested on a charge of attempted murder. [Modesto Bee]
- The cyclicals failed directly at their 200-day (flagged Tuesday).
- Intel (INTC:NASD) made a new 52-week low today.
- A week from tomorrow, cookie, a week from tomorrow.
- Expiration next week.
- Lou Manheim was right.
- "The true measure of a man is how he treats someone who can do him absolutely no good" - Samuel Johnson
No positions in stocks mentioned.
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