The Dumb People Index

So, I was out at a party… okay, I crashed a bridal shower.  It wasn’t my fault, the father of the bride wanted some company in a sea of estrogen.  Anyway, it was fun to say the least.  A little awkward I’ll admit. I’m just glad I arrived afterthey opened the gifts (is that a back-scratcher?  Ohhhh, nevermind.)   So after making my way through the room, being chastised by every women in site for being at a non-male event, I finally made my way to where some of the other brave husbands were hanging out.  It’s a pretty huge house, so we had a little privacy.   There was  nothing really manly about this corner of the house though, since they were all eating cupcakes with plastic flower ornaments all over them.  Curse those flowers!  I thought they were real candy and nearly chipped my tooth.  Whatever, it gets worse.  Five guys in the corner of a barbie doll house, thinking quickly of something manly to do with frosting on our cheeks, someone decides to bring up the topic of stocks.  Most of these guys are light traders, a buy here and there whenever they hear something good from someone else.  But here’s the thing… I’ve been around these guys for a long time and they never talk about stocks.  They never share anything, only until now.  And this happened before…  I would say during 1999, and 2005, they always pop up.  Telling you to buy everything.  Worse yet, they offer me a penny stock tip, which as you all know, gives me the sudden urge to run over a cat.  I was in the gym the other day, and conversations about the market are starting to resurface again.  Well, it’s just a small observation from my perspective- maybe it doesn’t mean anything, but it seems like everyone is winning again, even the dumb money.  Hey, that’s fine with me, but I always look at the big picture.  All I ask  is that you play devil’s advocate whenever someone offers you a stock tip when you know they are not in the habit of studying fundamentals, charts and have no access to a solid community of good traders.   Yes, when your friend’s blind grandmother, your priest at confessions, or  your inmate, or Cramer starts offering you stock tips, then you know we’re probably near the top.  Meanwhile, I do listen to advice from bartenders, NYC cab drivers, limo drivers, and masseurs.  They always seem to have insider information.  I wonder why.

Comments »

Oh no, not FUQI!  Calm down, let’s see where we are at.  It’s a swinging stock, let’s take what we get and trade accordingly…

… we still can beat this stock. I like buying up PUTS here when the stock bounces, and while holding longs. If you want to grab some FUQI, there’s a conservative entry point that we just hit. I like buying downgrade-sell-offs on bullish stocks.

Our coffee short is still in play. Let’s see what we got…

And as much as I like TTM attempt at banking off macro-economic trends, we are near a danger spot. Be careful with this shooting star. Classic melt-up…

Off topic and random musings because I feel like it and too bad for you because I’m bored but this could get interesting.  not. : I just realized how horrible I am at fantasy football. I also just realized how much pain it can cause you to be a fan again. I grew up in the “Montana to Rice” days, then basically quit football when they retired. Anyone out there still bleed red and gold? Gore looks promising. I keep trying to find a team worth rooting for, but then they either lose or have cocky idiot players. It’s really hard to pick a professional football team when you live in Hawaii. I envy you mainland people (yes, we call you the “mainland”). All we have is our college team, and when they lose by 1 point on the road, it pretty much ruins your week. Speaking of envy, I think envy sucks. It’s like poison. So yeah, this weekend was a total LOSER weekend for me. Lost at poker, trumps, basketball, bowling, table tennis, NFLX short (lol), fantasy football (by six stinking points by my opponent’s kicker…. KICKER!!). The highlight of my weekend was fishing… three of us caught 41 tuwao fish in less than 2 hours… I caught the most, about 20, and I was flying high with my rod in hand, bragging with the swagger of a college kid.  But then my friend yanks out a big opua fish (rare catch) out of the water. Total CB.  Bastard.  All I need now is my best friend to steal my girl, a shopping-cart to roll into my car, my cat to pee on my airfan, my doctor to turn gay, my underwear to get bleeched pink just before a check-up, my Star Bucks to close down for renovation, my post-it notes to lose adhesive, my space-bar to break, andwhattheheck!!!!!!!!thisisstupid.K,Ireallyneedtopourmesomejackandcokethenhitthesack.cyallinthemorning,hopefullyforyoursakei’llbesmilingagain.grrrrrrrrrr.hitthedeletebuttononthisweekend.

Comments »

A friend of mine tipped me off to this company a few weeks ago.  Nice breakout today.  Expecting new 52-high around the corner.  I’m adding this to priority list.  I don’t know much about this company, other than it sells $2,000 cars in India…. cheaper than the warranty on my car.  Sounds great for a recession company.  Although it’s a foreign play, I’m adding it to my special subset of “cheap consumer companies” like Ross Stores, Inc. [[rost]] ad Dollar Tree, Inc. [[DLTR]] .  Right now, it’s tough to bet against them.  I just found out one of my close friends gets 10% off at Ross on Tuesdays.   Time to shop for socks.  Win!  Anyway, I think TATA is connected with Jaguars and Rovers (?), not sure, you tell me.   But let’s talk about demand… in order for them to sell these cars in India, they needed to do so by lottery.  LOL!  Now let’s see, how do we sell cars in America?… “cash for clunkers.”  In the scope of economics, you tell me who has more power- the suppliers or the demand consumers.  The answer to that will tell you a lot about potential revenues.

Comments »

 

Getting to work here.  I’m in for a few day trade longs in solars…

– JA Solar Holdings Co., Ltd. (ADR) [[JASO]]

– Yingli Green Energy Hold. Co. Ltd. (ADR) [[YGE]]

–  Canadian Solar Inc. [[CSIQ]]

Let’s see where this gets us.  I may short Energy Conversion Devices, Inc. [[ENER]] on the back, and Green Mountain Coffee Roasters Inc. [[GMCR]] under 65 for a conservative play.  Currently looking for DryShips Inc. [[DRYS]] day-trade short.  I’ll probably only fill about 3 trades today.  Market is quite flat.  Anyway, my friend is emerging as one respectful provider of photovoltaic technology in Honolulu, so I’m thinking about actually investing in “hard solar”.  I made up that word.  Heh.

Comments »

 

Yeah, I’m a hater, which is why I love this site.  He’s good, that’s why I hate him.  But then again, the Bills know how to choke.  Reminds me of ethanol stocks.  Anyway, Trent Edwards is my QB for week 2.  It’s redemption time.

Comments »

This list was returned after searching for the highest quality performing stocks in the past few weeks.  This list is heavily influenced by The PPT algorithm.  Roll your mouse over for quick chart and price:

C.H. Robinson Worldwide, Inc. [[CHRW]]

Gold Fields Limited (ADR) [[GFI]]

Hormel Foods Corporation [[HRL]]

LKQ Corporation [[LKQX]]

McKesson Corporation [[MCK]]

Medco Health Solutions Inc. [[MHS]]

Motorola, Inc. [[MOT]]

PNM Resources, Inc. [[PNM]]

The J.M. Smucker Company [[SJM]]

Not much to say about this coming week.  Although last week was interesting… my screen for the Best Performing stocks gave back over 100 stocks!!  Usually I get about 5 to 10.  Over the weekend, the list shrunk.  These are all good looking plays.  However, I’m a little weary at this screen turning into a contrarian indicator… I mean, I can’t just ignore that giant list that was populated.

Comments »