Market Watch for week of 7/06/2009

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Originally Posted by trippingthespeculatingpos

thats good to hear dave, ive been interested in trying some mma out, just gotta do it. seems hard to make that step heh, in fact their is a bjj place that just opened up right by my place.

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Do you know the name of the teacher there? or their website? I compete all the time and know a lot of guys including a teacher in that area who can give me some inside info. I'd say do it though - it's great, and BJJ is a great base to start with, and I'm not saying that cause I do BJJ currently, I used to be a wrestler and did a little kickboxing... of them BJJ is the hardest to learn, and with the gi, its even harder. You can train in the gi, and walk into a no-gi tournament and take first against all the no-gi guys, but it doesn't work in reverse.

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Originally Posted by ray

Dr.Dave what are we thinking about drys these days, it does not look like china is to happy so how are we making money in the popeye stocks ...lol

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I'm just waiting to see which way the market moves - if it continues down, I'd expect DRYS to fall to its previous low or close too it - if the market rallies, then I'd be in on the first dip that shows a reversal set up. But that's just me.

Looks like the BDI hit its 50 day sma today, but the philly shipping index is still on its way down with a possible reversal candle (and a completion of C on its elliot correction wave) - the support price wise is minor at 140, where it rest, but better at 125. For DRYS you end up having minor price support at the even $ amounts - $4, $5, $6 - but even though its up today, I'd rather see it break above the short intermediate trendline before going long. Though, in the long run, these prices aren't all that bad - either the world recovers and you'd be ok, or it doesn't and your trade won't matter :)

DSX and EXM look like they may reverse - but neither have cleared short term lines - its tough - tomorrow could confirm an upswing, but if the general markets and commodities continue to look like they are gonna break down, its risky.

Anyone big or related reporting this week?

yeah dave i believe this is it.

http://www.rodrigopinheirobjj.com/index.htm

not to sure but its the only one listed as being on 1604 and it says it just opened and this place is in a brand new complex, actually quite a nice location. i notice pete spratt is there too, seen this guy fight a few times. they seem to be the biggest names here now.

oh shit spratt is teaching muay thai id fricking love to learn muay thai!! except o wait i can barely kick high at all haha im so NOT flexible, but ill elbow your ass to death!

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Originally Posted by Sean

holy 40 posts.. lol every post is basiclly a question too...

umm oh yea, for mglg, if i wanted to could i have put in a bid at ".00115"?
when i looked it showed all sales at .0011/.0012 so i didn't even try that

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Congratulations to our youngest team member Sean for loosing the Junior portion of his Member status! And he did it on the day that he bought his first stock!!! You're on your way bro. Keep being inquisitive and learn EVERYTHING you can.

A great start would be to read Dr Dave's info that he posted at the end of last week. Look at his charts, read his explainations.
Anything you don't understand you can research at www.investopedia.com
Keep in mind, you're not reading his posts to find an investment. You're reading them to LEARN HOW TO find investments.

this is my chance to rant for a sec:


**** YOU AOL

my dad is hooked, i explained to him u can get what ur paying 25 dollars a month 4 for free

then i re-formatted his laptop and told him try and get used to not having aol and nope, its like he's a crackhead, he goes on about these non existant god damn features. how did aol manage to convince my pops that somehow their service is worth something, god he is so frigging hard headed. screw you aol. he even tried to go behind my back to buy a new laptop with aol on it. these are addiction like traits.

To the rest of the team,
Why is it that I feel so bad when I sell a stock that I really like?

Today I sold 1/3 of my position in MGLG. Not because I think negatively of the stock or the direction of its PPS, but because it was a bad idea to put all me eggs in one basket with MGLG and because I couldnt stand seeing all these great pennies I wanted to put money into but couldnt because I had no dry powder.

So I sold 2,500,000 shares of mglg and bought 50,000 of BEHL and 900,000 of IFSL.

To be honest, I dont love BEHL as a company. I have 6 years experience as an electronics technician in the Navy plus I'm a medical doctor so I know quite a bit about both biology and electricity. But the concept of turning algae into electricity totally evades me! And since you're supposed to invest in what you know, I'm very hesitant to put alot of cash into BEHL. Also, the pictures of the companies photobioreactor on i Hub are just plain scary. What did they buy some PVC tubing and a bunch of plastic bags then lay them out in the parking lot of a self storage company?? Looking sketchy to me.
But I cant deny that the stock is running now and I might as well be on the train if it's heading my direction.

As for IFSL, the PR they released today is awesome! Plus the service that they offer (getting out of debt and creating savings) is very necessary in to day's economy.

Pajamaclub wrote an individual forum on it in the Market Watch section. To quote him:
1. Financials - 2nd quarter:
“Probably coming out NEXT WEEK” and they are, in Steve’s words: "awesome"
(This came true today!)

2. BUY BACK:
Steve said: IFSL is "buying shares back little by little." Today they bought 10,000,000 shares.
They are not doing their buyback at one time because they "don't want to spike the price"

3. Steve thinks “we should see .005” after the financials are reported.

If these things can come true we could have lots of profit on our hands.
I'll be doing even more research on IFSL. Would welcome all of your opinions on it also.


Side note: I dont mean to get sappy, but I kinda miss being able to watch the market daily with you guys. I read the forum when I catch a minute or two at work, but I'm usually pretty busy. I'll stop in whenever I can.

Shots