And the Winner Is…

A big congratulations to one of the most consistent winners of “Name That Chart, @StockCats, for correctly guessing the mystery chart from my last post.

As @StockCats noted, the chart was a multi-year view of Transocean.

Specifically, here is what @StockCats had to say:

it’s a monthly chart of RIG – Transocean Ltd. They are in the contract drilling business and their stock is languishing due to industry overcapacity in the deepwater drilling business.

I think a break back below $39 would be a terrible sign for the stock going forward, in terms of retesting levels not seen since 2004. For now, the stock is teasing major support.

What do you think about RIG and similar plays?

Thank you to everyone who played.

I will be back after midnight with ideas for Monday.

But I already gave tight analysis in my latest Weekly Strategy Session published, earlier today. Check it out!

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No hint this week.

Try to guess:

1. The ticker symbol of the chart;
2. The sector in which the stock trades; and
3. Whether or not you think the stock will move higher or lower throughout 2014 or will break lower.

Thank you to everyone who has been playing along.

Please click on chart to enlarge

[Members: My latest Weekly Strategy Session has been published]

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Any ideas on how to play this?

Brookings Senior Fellow Clifford Winston highlights inefficiencies in the U.S. transportation system and suggests privatization of transportation services would help improve performance. Read the paper from Clifford Winston at: brookings.edu/cautionahead

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Bicycle Thieves (1948) [oppure “Ladri di biciclette” (original title)] is as classic a piece of Italian cinema as you will find.

Like most of the great Italian films, we see the elements of tragedy and comedy blended together brilliantly.

Via Wikipedia:

Bicycle Thieves (Italian: Ladri di biciclette), also known as The Bicycle Thief, is director Vittorio De Sica’s 1948 story of a poor father searching post-World War II Rome for his stolen bicycle, without which he will lose the job which was to be the salvation of his young family.

Adapted for the screen by Cesare Zavattini from a novel by Luigi Bartolini, and starring Lamberto Maggiorani as the desperate father and Enzo Staiola as his plucky young son, Bicycle Thieves is one of the masterpieces of Italian neorealism. It received an Academy Honorary Award in 1950 and, just four years after its release, was deemed the greatest film of all time by Sight & Sound magazine’s poll of filmmakers and critics;^[3] fifty years later the same poll ranked it sixth among greatest-ever films.^[4] It is also one of the top ten among theBritish Film Institute’s list of films you should see by the age of 14.

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Direct Vimeo Link Click Here

 

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Admittedly, the following video presents a strong point of view with which quite a few of you may disagree.

Feel free to chime in below with your thoughts.

Either way, enjoy the food for thought on your Saturday morning.

“The Curse of Alexander Hamilton” examines the historical evolution of the General Welfare Clause of the U.S. Constitution from the Constitutional Convention to the 1936 Supreme Court decision that fundamentally changed the role of government in the lives of the citizenry. Hamilton’s view of the definition of the ‘general welfare’ along with competing views by other Founders and statesmen that followed will be examined in order to provide a historical picture of the intense debate that has been with us since the founding of the nation and still shapes economic policy today.

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