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Why Facebook is like a newspaper circa 1999
With all the frenzy around Facebook's upcoming IPO, here are a few thoughts. I have no idea where it will price and what the stock will do on the first day. What I do know is that there is a parallel between between Facebook right now and the newspaper industry in 1999: it is trying to be everything to everybody in an emergent age of choices.
These last 5 could have made you rich!
It has been a while since we have posted a performance update on our killer gra
Thirty Reasons Why I'm Long Stocks
I am not posting any actual numbers or charts here for two reasons. First, I get them from a variety of sources and they are not all free so I can't legally post them here.
Second, and more important, you have to do your own work, and see them yourself for it to have impact. Check what I'm saying here- most of the data is publicly available for free on the internet- or your Bloomberg.
So here is my list of reasons why I think being long stocks in size makes a lot of sense.
Dig further and see if I’m wrong.
Soybeans To The Extreme
I probably shouldn't post this, because the minute I do, soybeans will probably trade back to $11. Anyway... I am attempting to use three technical methods here to analyze where price may be headed for what seems to be an uber bullish soybeans market.
Human emotion was begging to take over. The "too far too fast" mentality and the "It can't go any higher than this" thoughts were popping into my head. Then I looked at the charts...
Gold in "Go Nowhere" Mode
90% of the time when I am trading gold or any instrument for that matter, the only things I am focused on are my setups, which usually involve the technicals and the tape. Fundamentals, news, correlations, etc are the last things I care about or think about. It appears in this case I will break that trend and focus on golds current correlation with the EURUSD and assume that until the EURUSD resolves its sideways, go nowhere, do nothing pattern, gold is going to do the same and go nowhere....
Anticipating the USDA Grain Stock Report
First off, there will be no fundamental analysis here. Secondly, I am flat going into tomorrows report. So, the only risk I have at this time is that my following analysis will be "wrong." So be it. I would rather wish I was in a trade than wish I was out.
The best thing I can do going into this report is trust my charts and forget there is a report at all, in order to anticiapte the next move in the market, and prepare for it. To the charts...
gravity strikes again! Clients made +54% in 23 days!
In our last post we showed how our gravity clients cleaned up and made a massive return of 34% in 4 weeks! Well, that is simply not good enough for our gravity system and it has struck again! Yesterday, our clients made even more money and this time it was in as little as 22 days! On March 6th our gravity system identified BARZ was being promoted and our clients initiated a short position on BARZ at .40.
The Housing Bubble vs. The Higher Ed Bubble
There are many parallels between the US housing bubble of the 2000s and the US higher education bubble. Let's look at them.
(1) False premise in housing: higher home ownership is a good thing. False premise in education: more people going to college is a good thing. It is not. Too many people go to college. So many, in fact, that there are 17 million college graduates in jobs that do not require college degrees, as of 2010.
How our clients made 34% in 4 weeks!
Our gravity clients made 34% in just 4 weeks time! Who does not like to print money like that? The answer in no one and we have made it SUPER easy for you to do the same. All you have to do is sign up for our gravity product and then start making massive returns for yourself. It is only $45 a month, which is paid for with one trade like you see below.
Crude Oil - The Picture On My Screen
While most are focusing on the geopolitical news and noise from the Midle East, I will stay focused on the chart. It's the only way I know how to keep my mind out of the gutter, and prevent myself from taking emotion based trades.
Book review: Backstage Wall Street by Josh Brown
They say that everyone has one book in them: this is Josh Brown's book. Backstage Wall Street is part autobiography, part financial advice, part a sarcastic, sober assessment of "Wall Street" for individual investors, part history, part financial product details, part uncovering of marketing schemes, part catharsis. The trademarked snarky humor is recognizable throughout the piece: I laughed out several times. Unlike many textbook-ish and stuffy finance investment books, this book is conversational, humble and non-assuming.
Buffett's Fangirls Leave Something Out
Just like many others, I follow "The Oracle's" every step. I read his letters. I follow various SOTP analyses on BRK, and how much it is "worth". My first ever investment book was Buffettology.
The Main Thesis of My Trading Plan
Bull? Bear? Who cares?
On a daily basis, the main theme of my trading plan is to get into a "risk free" trade and then catch a runner. After that, I don't care what side of the market I am on. So, how do I do this? The first thing I want to do is take the emotion out of my trading. The way I do this is by defining my risk, ie picking a place I want my stop to be and then scaling out of my trade to reduce my risk and get to a breakeven trade ASAP by hitting my first target and then tightening my stop to breakeven.
Overstock – Another default?
On Friday, February 17, 2012 -- before the long, holiday weekend -- Overstock.com (OSTK) silently released an 8-K SEC filing, but, as usual, The Davian Letter was all over it.
OSTK 8-K filing: SECOND AMENDMENT TO FINANCING AGREEMENT AND WAIVER
http://sec.gov/Archives/edgar/data/1130713/000110465912010927/a12-5363_18k.htm
JOSB and the conflicting inventory accounting disclosures
Would you invest in a company that could not get their inventory accounting disclosures correct? We know we would not and we invite you to read our brief one page report below in which we point out that JOSB makes mistatements about their inventory accounting.
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