Archive for December, 2008

  • Stock Market Closing Numbers 2008
    , December 31st, 2008 at 7:05 pm

    A year that will be remembered by most as a bad one. Hopefully not you!

  • January Effect Candidates 2009
    , December 31st, 2008 at 12:49 pm

    Picking bottoms (or a top) in a stock is one of the most difficult jobs on Wall Street and it is something which I rarely attempt to do. There is, however, one time of year that I have had success in finding deeply oversold stocks which have produced incredible short term percentage moves over the course of 2-3 weeks. Now is that time of year!

    The best description of the “January Effect” comes from Wikipedia “The January effect (sometimes called “year-end effect”) is a calendar effect wherein stocks, especially small-cap stocks, have historically tended to rise markedly in price during the period starting on the last day of December and ending on the fifth trading day of January. This effect is owed to year-end selling to create tax losses, recognize capital gains, effect portfolio window dressing, or raise holiday cash. Because such selling depresses the stocks but has nothing to do with their fundamental worth, bargain hunters quickly buy in, causing the January rally.”

    I do not think it is as precise as the last day of the year and then selling on the fifth trading day of January, but the reason in this description is valid (except raising holiday cash, do you sell your stocks so you can buy a nice present for your wife?).

    Keep in mind that the stocks on this list are not in good technical condition, the charts all look terrible! Also, the fundamentals for these companies are probably lousy. These stocks should be looked at as HIGH RISK and you should consider buying a basket of them across different industries to spread the risk.

    Below are the symbols for some potential beneficiaries of the January Effect. I have done zero fundamental research and I suspect that some of the names on this list will be bankrupt in 09, they are just potential TRADING ideas. I wouldn’t buy and hold any of them. Be sure to do your own research and manage risk.
    Over the coming days I will narrow this list down to find the best ones.

    Symbol
    AER AFFX ALD AMKR ANAD ARM AXL BC BYD BZH CEM
    CPE DDR DDS DYN ESLR FCSX FIG FLEX FTK GFIG
    GGP GKK GLBL GLS GU HERO HOV HRZ IO IVN
    KEG LEA LINTA LNG LPX LZB MEA MPEL MTL MTSN
    NCX NOA NRO OCNF PLLL PSUN REXX RT S SRZ STKL
    STX TEN THC TNL TRW TTI TXCO VCI VQ VSH WRES
    XL XTXI ZLC

  • Absence of Supply
    , December 31st, 2008 at 12:16 pm

    It seems as though there is a simple absence of supply on the final day of trading and the little buying volume is pushing stocks higher.

  • Goals
    , December 31st, 2008 at 7:30 am

    A goal without a plan is just a wish.
    ~Antoine de Saint-Exupery

  • Stock Market Video Trend Analysis 12/30/08
    , December 30th, 2008 at 5:24 pm

  • Obstacles
    , December 30th, 2008 at 7:32 am

    We find no real satisfaction or happiness in life without obstacles to conquer and goals to achieve.
    ~Maxwell Maltz

  • Stock Market Trend Analysis Video 12/29/08
    , December 29th, 2008 at 5:21 pm

  • Critical Level
    , December 29th, 2008 at 11:34 am

    The QQQQ has dropped down to a critical level of support. It appears the market is trying to stabilize here, but the frequency of the tests of this level have been increasing which makes it more dangerous.

  • Gold Stocks
    , December 29th, 2008 at 9:55 am

    Volume will likely be light in the overall market and the better opportunities will likely be found in individual stocks today. One group which should get a lot of action is the gold related stocks. Below are thirty gold stocks in order of volume traded on Friday. Be careful not to chase opening gaps, allow the stocks to settle in some before purchasing any of these.

    Yamana Gold Inc. (USA)(Public, NYSE:AUY)
    Goldcorp Inc. (USA)(Public, NYSE:GG)
    Barrick Gold Corporation (USA)(Public, NYSE:ABX)
    Crystallex International Corp. (USA)(Public, AMEX:KRY)
    Newmont Mining Corporation(Public, NYSE:NEM)
    Kinross Gold Corporation (USA)(Public, NYSE:KGC)
    NovaGold Resources Inc. (USA)(Public, AMEX:NG)
    Gold Fields Limited (ADR)(Public, NYSE:GFI)
    Agnico-Eagle Mines Limited (USA)(Public, NYSE:AEM)
    Golden Star Resources Ltd. (USA)(Public, AMEX:GSS)
    AngloGold Ashanti Limited (ADR)(Public, NYSE:AU)
    Harmony Gold Mining Co. (ADR)(Public, NYSE:HMY)
    Northgate Minerals Corporation (USA)(Public, AMEX:NXG)
    Anglo American plc (ADR)(Public, NASDAQ:AAUK)
    Eldorado Gold Corporation (USA)(Public, AMEX:EGO)
    IAMGOLD Corporation (USA)(Public, NYSE:IAG)
    Apollo Gold Corporation (USA)(Public, AMEX:AGT)
    Gammon Gold, Inc.(Public, NYSE:GRS)
    Orezone Resources Inc. (USA)(Public, AMEX:OZN)
    Compania de Minas Buenaventura SA (ADR)(Public, NYSE:BVN)
    Randgold Resources Ltd. (ADR)(Public, NASDAQ:GOLD)
    Royal Gold, Inc.(Public, NASDAQ:RGLD)
    U.S. Gold Corporation(Public, AMEX:UXG)
    Aurizon Mines Ltd.(USA)(Public, AMEX:AZK)
    Jaguar Mining Inc.(Public, NYSE:JAG)
    Vista Gold Corp.(Public, AMEX:VGZ)
    Seabridge Gold, Inc. (USA)(Public, AMEX:SA)
    Tanzanian Royalty Exploration Corp. (US)(Public, AMEX:TRE)
    Nevsun Resources (USA)(Public, AMEX:NSU)
    Lihir Gold Limited (ADR)(Public, NASDAQ:LIHR)

    Dinosaur Trader has put together his list of BEST BLOG POSTS of 2008 from close to 30 financial blogs.

    .

  • Boring
    , December 29th, 2008 at 7:26 am

    A bore is a man who deprives you of solitude without providing you with company.
    ~Gian Vincenzo Gravina

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