jegan ;-)

Total Rating:
+13 / -13

672 Comments

    • Fri Nov 21st 14:07 PM | Rating: 0 0
      Commented on:
      Are Dropping Stock Prices Causing a Decline in Options Volume?
      Agree wholeheartedly. Further, with the price of options hitting 25 to 30 percent, it just hasn't been worth it.

      But the issue of dropping prices does raise another question: What do the Exchanges do if too many equities drop below $1.00 and there are no available stocks abive $1.00? As I see it they have four choices:

      1) Drop the $1.00 limit to 25 cents and give them 6 months to bring their stock price above the new limit.
      2) Delist the stock and replace it with a pinksheet or OTC stock.
      3) Reduce the size of the index. For example, the S&P500 would become the S&P50! and the Russell 4000 would become the Russell 400! Kind of like a reverse split.

      But my favorite is :

      4) Allow negative numbers.

      jegan ;-)
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    • Fri Nov 21st 13:58 PM | Rating: 0 0
      Commented on:
      The Bottom Is Broken
      Darn! And me still in Euphoria mode too! Of course, the Market Desperation sinewave is more applicable to day trading these days ...

      Thanks for the article.. jegan
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    • Mon Nov 17th 23:34 PM | Rating: +6 -7
      Commented on:
      General Electric: Genuine Risk of Collapse?
      Well done... I'm not interested in conglomerates like GE, SHLD or even BRK right now. Too many ways to hide what's in the closets and too many aspects to their business that can go wrong. Also, as a personal note, I don't trust a company that produces garbage quality products. I'll never buy another GE product again.. Or Sears for that matter. Lousy quality and bad support are indicative af a poorly managed company.

      Also like the comment above about Welch... It's easy to do well in bull market and leav e the cleanup to the next guy... Sounds kind of like our present Presidential election, doesn't it?

      jegan
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    • Mon Nov 17th 22:31 PM | Rating: +1 0
      Commented on:
      Why I'm Worried About China
      Before you blindly follow Jim Rogers (or any supposed Guru) , why don't you check out his success rate lately .... I'm not sure where you might find that info. I sure can't. I do know he invests in China in ways that you or I would normally be able to, but judging by his choice of buying China and commodities, ask yourself just how successful you think this path is? Just check out FXI and DBA. Is this really what you would want your returns to look like? I certainly would not.

      The author has some very valid concerns. Just because his opinions aren't backed up by fancy charts, or quotes from 'Bogle' or 'Templeton' doesn't mean that he is incorrect.

      I'm invariably impressed at how many posters spew out the flavor of the day. Just because everyone is hanging their hopes on China doesn't mean that China is going to oblige. They have stated quite clearly that they are not interested in bailing out the rest of the world. They intend to focus on their own problems. And they do have problems. Consider the one child per family program. Where is the next generation of workforce coming from, Who is going to pay the Social Security, or support their greying population? Does anyone really think they have a handle on their polution problems? Their lack of anything like an FDA? Are you aware of their internal banking problems, and what we would consider fraudulent practices? What about their collapsing real-estate values? Who do you think they are going to sell their products to? How are you supposed to value their businesses if they don;t report in an understandable fashion? What about their untried quasi Communist-Commercial politics?

      I think that if we enter a world-wide recession, China is going to suffer as much as anyone else. Further, I expect (based on many reported incidents) that they will have some very intense outrage on the part of their citizenry.

      jegan

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    • Mon Nov 17th 13:53 PM | Rating: 0 0
      Commented on:
      How Do We Make Gains in This Market of Uncertainty?
      You are so wrong.... I made $3800 last week day trading technicals. It's my long positions and my 'professionally managed funds' that are killing me...

      jegan
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    • Sun Nov 16th 21:52 PM | Rating: 0 0
      Commented on:
      Would a Trade War Help Solve the Problem of Excess Capacity?
      Mr. Pettis... As always, an intriguing read. It seems that based on what you have written, a general consensus must be reached between countries. In which case, I have serious doubts about that occurring. In fact, I would expect each country to act only in its own self interest, no matter how fleeting that might be.

      It brings to mind Ben Franklin's quote "We must, indeed, all hang together or, most assuredly, we shall all hang separately"... If OPEC can't organize itself to preserve its own self interest, what hope do we have for the complete world to do so?

      jegan
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    • Sun Nov 16th 17:11 PM | Rating: 0 0
      Commented on:
      100% Yields on Ecuador Bonds: A Sign of the Times
      This says it better than anything i could come up with:

      As Mr. Kirkpatrick notes in referring to David Dreman's research which studied 78,695 earnings forecasts by analysts over a 20 year period from 1973 to 1993 only 1 in 170 forecasts were within 5% of any four consecutive quarter's actual earnings. Why do we continue to rely on such speculation?


      jegan ;-)
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    • Sun Nov 16th 17:02 PM | Rating: 0 -1
      Commented on:
      Are Consumers Satisfied With Online Banking?
      My online banking experiences have been acceptable. Not having to drive to a bank and wait in line during 'Banker's hours' is great. I do have to say that when I got my first ATM card, I was thrilled! i never had to go into a bank again! In fact, I see no real benefit in brick and mortar banks at all.

      However, as far as online banking/investment companies. My many bad experiences with Etrade leads me to rate them an 'F'. I would hesitate suggesting them to my worst enemy. TDAmeritrade runs great ads touting their online trading software, when in fact, not only is it buggy, it doesn't integrate properly with their website and their support staff answer questions correctly about 1/2 the time, when they even bother to respond. I give TDAmeritrade a B-. I am presently looking at TradeStation as their staff responded to my inquiry quickly and competently and their software seems to provide for all the things that TDAmeritrade's doesn't.

      jegan ;-)
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    • Sun Nov 16th 16:48 PM | Rating: 0 0
      Commented on:
      SQM: Lithium Could Be in High Demand Early in a Recovery
      SQM truly is a good company and at 1/2 price, it would seem to be a buy. However, I suggest that if you are interested in benefiting from the resurgence of the world's economy, that you would be better placed if you buy copper companies. Either PCU or FCX are better placed, pay a better dividend, and are cheaper by a long shot than SQM.

      Aside from car batteries (and there are competing technologies) and laptop batteries, there are more market forces for copper than lithium. If the market and world economy begins to turn, which metal is more likely to benefit? Is it more likely that people will jump right in and buy laptops and hybrid cars, or copper wiring for buildings and infrastructure? If you do buy laptops and cars, then, doesn't copper use increase? How about copper wiring in the motors of those hybrids? Copper has them coming and going!

      My bet is that when the economy turns, copper goes up first and farther as it has dropped more. SQM may run up 100%, PCU and FCX could easily run up the 400% they lost. Further, you can collect your 9%(or whatever) dividend while waiting.

      SQM is still a good company.... Thanks for the article.... jegan ;-)

      View article »
    • Sun Nov 16th 16:35 PM | Rating: 0 0
      Commented on:
      UltraShort ETFs: At a Tipping Point?
      Technicals say we are in a consolidation range of between 8100 and 9300 on the DOW. (The other two indeces act the same.) Note that this consolidation occurred after a large leg down. Also note that all three major indeces are actually making incrementally lower lows. Taking the downward trend of the consolidation pattern, and remembering the adage 'Until the trend breaks, it will continue in its prior direction', then technically we should plan for a continuation in the prior direction.

      If you are a fundie, then I guess you'd have to say our economy and that of the rest of the world is in a world of hurt, that unemployment, business closures, lack of credit capacity... etc, etc... all point to downward pressure on the market.

      I learned about technicals too late and leaned on the fundamentals. It cost me a lot of money. I can see clearly with technicals where the resistances and supports are, whether a stock is overbought or oversold. Knowing these things earned me $3800 last week. If you view technicals as a 'pawing through chicken entrails at Delphi', then you miss the point.

      jegan ;-)
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    • Fri Nov 14th 23:37 PM | Rating: 0 0
      Commented on:
      China’s $585 Billion Renovation
      Great article... And HuangThomas.. Thanks for the 'potential' lead.. It may not be accurate all the time, but is an aid in knowing which companies are SOEs (State owned Enterprises),,, And re: Foreign companies using 'China' in their name, let's not forget 'Canadian Solar; which is a Chinese company.

      Also, seems to me Guangshen RR was already planning major expansions (Read this last year I think) and I suspect that the world will come out of this mess sooner or later. The Chinese plan should gear up the infrastruture to be ready for a revival..

      jegan
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    • Thu Nov 13th 17:00 PM | Rating: 0 0
      Commented on:
      Ralcorp Holdings: Enjoy a Good Bowl of Recession
      RAH seems a little toppy here.... Suggest also looking at THS (Treehouse Foods) which is in the same line of business, or Flowers (FLO) a bakery, if you really want foodstuffs. Both still have just pulled off a bottom and should move up with the market.. (IMHO)

      jegan
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    • Thu Nov 13th 16:57 PM | Rating: 0 0
      Commented on:
      Flowers Foods Delivers Tasty Q3 Earnings
      Just checked Yahoo finance... I show them as growing earnings and sales yoy and as having a positive $30 Million in cash flow, based on Oct 4, 2008 reporting. Figuring that energy costs are dropping and maybe ingredients dropping as recession moves forward, for a bakery, they seem to be doing pretty well.

      Having said that the stock price seems to move up and down with the market, so I don;t see any point in buying it when a Ultra ETFs are easier to deal with.

      anyway.. Nice analysis .. jegan

      jegan
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    • Thu Nov 13th 16:47 PM | Rating: 0 -1
      Commented on:
      Warm and Fuzzy Headline of the Day
      Lies! Lies! Lies!... I blame Thain's Momma for not teaching him honesty. In fact, someone should slap her up against the side of her head for raising such a jerk...

      I'lll suggest the same treatment for Dubya's Mom too..

      jegan
      View article »
    • Thu Nov 13th 16:42 PM | Rating: 0 0
      Commented on:
      Expecting a Rally? Three Reasons You Should Be
      Yawn! Another prediction.......Bill Kraft of MarketFn.com said it best.

      Thx jegan '-)
      ----------------------...

      We hear and see so much in the media devoted to whether the markets have found a bottom and where the bottom might be, but the truth is no one knows. Prediction is little but speculation and has no value. In his excellent recent book, Beat the Market, Charles Kirkpatrick quotes commentator and chief market strategist Barry Ritholtz as saying the SEC should require all analyst and pundit forecasts to publish the following caveat: "The undersigned states that he has no idea what's going to happen in the future, and hereby declares that this prediction is merely a wildly unsupported speculation."

      As Mr. Kirkpatrick notes in referring to David Dreman's research which studied 78,695 earnings forecasts by analysts over a 20 year period from 1973 to 1993 only 1 in 170 forecasts were within 5% of any four consecutive quarter's actual earnings. Why do we continue to rely on such speculation?
      View article »
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