Daily Market Watch

Im tech-stupid. I do not know how to follow charts at all. My main investment strategy has been to play the financials and pour through 10qs to see what the company is about and figure out how the company works. Sometimes, financials mean crap, such as when I first started investing in Sirius and now with CTGI. I know the business of both, and both are winning businesses. I think that GXTO has a definate future as well because the technology is amazing and will be in demand. I just get a little gun shy with the current economy and availability of funds with companies that have no revenue. I do not own CTGI right now (though I have in the past and made some great money on it). Sirius right now is the only stock that I have that is not profitable, but I am still looking at CTGI and GXTO.

It is worth learning some about charts. www.stockcharts.com has a school on chart reading for free and it is fun. It really doesn't take long. A night or two on there and you will be really pleased and be a lot more confident. Just a thought.

It sure opened my eyes and has made me make a ton less mistakes investing. Knowing when to get in and get out and watching is of key interest. It sure has saved me Godzillians of money. After you learn a little, looking at a chart only takes a couple of minutes, you don't have to draw lines and all of that, but you will know how. It comes second nature really, really fast.

SIRI and ABK are red, but ABK is on its way. I knew this would happen with ABK ahead of time. As you were talking about financials, ABK just sucks, but I am playing it on the 10, 50 and 200 day MA's, not the financials.

It is now over the 10, 50, and 200 day MA's as of today. The fact that it is will make people jump on the bandwagon. I will wait out $1.68 or higher then bail. I have all of the time in the world with it. Monday will be a real indicator.

I may be a slow man and rode on the small yellow bus to high school, but I got there. In college and post-graduate school I wasn't much faster, but I got there. Lunch was good.

Have a great night,

Bill

I am done with the Obama Rally thread. As we can see, it just didn't happen, the market ignored him even before, during and after his speech and swearing in (the first time).

The Obama Prediction Performance scorecard:
Day 1: CRAP 1/20/09
Day 2: GOOD 1/21/09
Day 3: CRAP 1/22/09
Day 4: CRAP 1/23/09

The performance: CRAP 3 to 1

It just didn't happen.

Back to normal daily predictions:

We have been trading on the Nasdaq below 1500 for a couple of days now. Our support levels have held up really well and I believe that we are ready to bounce above 1500 again. Our support levels of 1444, 1435 and 1400 have held up really well, so let's keep a watch on Monday and Tuesday. We could get up 10 to 30 points above 1500.

On the DOW - We hit 8350 two times last week which is a double top on charts. I think we can challenge 8500 this week. Because of this 8350 double top, combined with all of the bad financial news last week (which dragged us down repeatedly) I believe that going over 8500 is totally possible unless there is more mud that surfaces. Basically, with those indicators, I believe that we may be bottomed out and are trying to bounce up, but the news has been smashing us back down, but has not been enough to cause a downtrend. So, 8500+ could possibly be a reality.

Just thinking out loud.

Opinions and comments, as always, are welcome here.

Bill, GTXO has had some news that I want to make sure you know about....
WELLINGTON, Fla., Jan. 22, 2009 (GLOBE NEWSWIRE) -- Ken Weiner, publisher of Shazamstocks.com, today announced profile coverage of GTX Corp (OTCBB:GTXO). Please visit Shazamstocks.com for more at http://www.shazamstocks.com
Disclosure: Shazamstocks.com has been compensated by GTXO twelve thousand dollars for publication of this profile
Jan 22, 2009 (M2 PRESSWIRE via COMTEX) -- GTXO | Quote | Chart | News | PowerRating -- GTX Corp (OTCBB: GTXO), just announced CANS Alerting Services Now Includes More Than Amber Alerts With Increased Resources From GTX Corp
A dedicated Chat Room for GTX has been created at STOCKWIRE.com to discuss this news event.

Visit the following link to begin chatting with your fellow shareholders: http://www.stockwire.com/chat
Extended Hours
0.1486 0.0156 11.73%
as of 04:01 PM EST on 01/23/09

Man, Tony, that is good news.

I found out today that they are totally cash good even in these bad times. Hope you are having a great evening.

Monday morning, he he, I am going for it.

You are a good man. I am eating dinner now, so will be back in a bit.

:)

I can't find that chat room on there.....any ideas?

[QUOTE=billhart22;10265]I am done with the Obama Rally thread. As we can see, it just didn't happen, the market ignored him even before, during and after his speech and swearing in (the first time).

The Obama Prediction Performance scorecard:
Day 1: CRAP 1/20/09
Day 2: GOOD 1/21/09
Day 3: CRAP 1/22/09
Day 4: CRAP 1/23/09

The performance: CRAP 3 to 1

It just didn't happen.

Bill, I hear ya man, as long as the government keeps jacking around with the markets, and changing rules, people will just sit on the sidelines.

Hope your having a good weekend!!! Looks like its beer-o-clock time. :)

Dread,

Now that we are becoming a welfare / socialist country with the Government being our "Mommy", everything will go to hell in a hand basket.

I totally agree that the more government gets involved with finances, the worse off we will be. Like you say, with the restriction and regulation of free enterprise, people will be sitting on the sidelines.

If you want to screw something up really good, then just get the government involved.

They now want to control everything and every aspect of our lives. I have problems with that. The government should be here to protect our shores, capture crooks,defend our individual freedoms, collect taxes and that is it.

It will get worse by the day and people will become less productive with this new welfare state that we are creating. Normal people are going to get sick of this really quick. Welfare recipients will love it...sit on their asses at home and get "The Check". People with ambition, like in this stock forum are a completely different breed. We want to earn our own.

They have been brainwashing our newest generation and conditioning them into this new Politically Correct environment, so you might say that we Dinosaurs have seen our day. This Dinosaur will fight to the end.

Anyway, it doesn't take much to get me pissed off over politics! lol

You are totally right.

Anyway, I am having a great weekend. I am ready to get into the Maker's Mark - fine, American hand-crafted burboun. I quit drinking beer over a year ago. I have a kegerator out in the garage and started gaining too much weight, so I quit. Besides that, now I don't have to pee every five minutes and it takes a whole lot less to get a buzz.

A little later,

Bill

awww bill, dont become such a negative nancy, i think we have a bright future compared to the present. I think the blacks having an actual role model instead of rappers and athlete's who really arent role models at all will get more blacks and minority's off welfare and out to better themselves. Americans are seriously divided right now, the one's who see great things ahead of us, and the one's who think the worlds ending. Ask yourself this, what side would you rather be on? Just so you know, obama's approval rating right now, highest approval rating since jfk, so you can see which side most americans are on. It's just you only ever hear the ones who are angry, the pleased one's are usually quiet. Anyway just fed up with all the negativity, lets all throw our hats in the ring and try for the best instead of bickering and arguing, oh and stimilus packages are quite normal during reccession's, you can call it welfare or whatever, but it wouldnt be anything diff from any other similar period of time.

Good read Bill,

And I totally agree, I am 35, and have been watching this unfold since I was in high school.

The next great society is being formed with younger generations. I am a blue collar person, automotive, towing, transmissions, and telecommunication work.

This whole oil is evil, and global warming garbage has to stop!!!

By the way its 0 degrees out here right now, don't get me wrong I don't mind the cold, but come on with the whole global warming BS!! This all came out of Gore, the same person that said he invented the internet!!

Anyway I will shut up for now, :) have a good night, I am drinking Bush beer, and I could use a shot of Jack right now!!! Be Well!!

Almost forgot, and I am sick of Cramer!!!

http://www.bloggingstocks.com/2009/0...d-toward-zero/

CHTR has over 20+billion in dept, and people keep making a connection to SIRI with this, I am sick of these clowns!!!

A negative "Nancy"??? I am laughing my ass off!

I was reading your post in the SIRIUS BUZZ and was cracking up.

Ah, I have to be positive....and hope things go for the better... (let me say that 30 times). We don't have much of a choice now (gritting teeth....)

You have a lot of good points there. I DO and HAVE TO wish him to succeed. He is our President for 4 years, but I will monitor him like Bill Oreilly, lol.

Oh it's a fine day, Tripps........is that better?? :D

oil isnt evil, its just happens to actually pollute the air, if u dont think so take a trip to mexico city, i dont believe global warming is a reality, but i dont think a renewable and cheap source of energy that doesnt smog are skies is a bad idea either. I like the idea of battery and gas, like that 1 gm car that can run for 45 miles on battery before it has to switch to gas, and then can recharge the battery as you drive on the gas.

just think of that u2 song, ITS A BEAUTIFUL DAY!!!!!

Dread,

That guy that wrote that article is a quart low and a tooth out of time.

Quote:

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Originally Posted by trippingthespeculatingpos

oil isnt evil, its just happens to actually pollute the air, if u dont think so take a trip to mexico city, i dont believe global warming is a reality, but i dont think a renewable and cheap source of energy that doesnt smog are skies is a bad idea either. I like the idea of battery and gas, like that 1 gm car that can run for 45 miles on battery before it has to switch to gas, and then can recharge the battery as you drive on the gas.

---

I would love to have a hybrid truck. And that car, the VOLT, is really cool. I don't have an addiction to oil.

I think global warming is a fairy tale.

I'm environmentally friendly, but I also like to strike a balance of reality.

I am for wind power, solar power and hot women, so see, I am not that bad.

I was thinking (Tool / Enima) but U2 is good!! :)

Yeah Bill, it just gets old, all of these articles and trolls.

They will have to pry my shares from my cold dead hands!!!

I am not as invested as most of these people here, but I hate to lose when it comes to money. I'll take it like a man and a learning lesson if it ever came to that, but I don't think it will. You just can't erase a company like this.

A lot of these people, as you know probably better than I, really got stung for a lot of dollars. My heart really goes out to them.

Peace........

Diesel burns cleaner now with turbos, plus you get better gas mileage with diesel.

Trust me, I own a 93 Chevy C3500 7.5L turbo diesel flat bed truck. It gets better mileage than my 90 Buick Le-sabre. And it weights 8 tons.

Unless we all want to go live like little house on the prairie, oil has to be a part of our lives. Drill Drill Drill!!!

Think about oil, plastic, rubber, and a lot of other things come out of crude. Just my 2 cents :)

The problem with Mexico is no regulation, and here they want to over regulate. And yes nobama did say he wanted to bankrupt the coal industry.

I respect your points of view Trippin, I just don't see any quick fix, and this global warning thing is considered a bigger threat to me than terrorism. The brainwashing factor and all that garbage.

Quote:

---

Originally Posted by trippingthespeculatingpos

just think of that u2 song, ITS A BEAUTIFUL DAY!!!!!

---

Let me tune up my guitar here, lol

ok.....1 anna 2 anna 3

im hoping people see reason, i dont think being green is a bad thing as long as you dont go crazy on the idea, going green is good being that the technology is actually a better product, ie: the volt, good idea that came about ultimately by the green revolution, then you got ethanol, which is worthless and cant compete. If you can develop a new way of powering cars thats cheaper and more enviromentally friendly thats a good thing, and that goes for most products, but as for wiping your ass with 2 squares of toilet paper, thats just crazy. Im hoping most of these green jobs are going to have to do with solar and wind energy, and hopefully that technology is improved upon. I may not buy into global warming, but im not naive enough to think we can just do whatever we want with no effect on the earth.

as for coal, its not near as good as nuclear, coal pollutes big time, i dont agree with penalizing countries that use coal and cant afford to build nuclear plants, but nuclear is safer if done right, not to mention cheaper and a much cleaner source of energy, thats why he wants to get rid of coal in favor of nuclear plants.

as for oil, no one is saying get rid of oil, were saying we need alternatives, and no one's trying to stop tires from being made of oil. When these alternative ways of powering cars come out, if they are more effective than gasoline then they will take over the market, if not gasoline will stay. It's not sure we can develop anything better, but we should at least try, invention is the american way.

I think the electric cars are the future to be honest, first will see things like the volt that can go 45 miles without gas, then it will get better might even get like 300-400 without gas, and the ability to have reserve batteries that the car can charge as it drive's so you can never run out of power.

Good read, Tripp!!!

The great thing about diesel engines is, they can be converted to NG, the problem is the infrastructure to fuel NG vehicles, Utah has natural gas filling station all over their state. And it doesn't cost much to covert to NG.

I agree with diversification and alt energy, we have the technology to have clean coal plants, the prices need to come in line to build those clean coal plants. Right now, the people, or whom ever has the technology, is asking to high a price. GREED!! Go figure.

I believe nuclear power is also the way of the future, Hell I live in IL. Boy does it suck here, corruption and all, anyway as long as the NP plants have a good source of water to run the cooling towers its all good. There are only so many places to put NP because of a reliable source of H2O.

I know that fossil fuels pollute, heck, part of my studies on emissions back in school was the study of (NOX) Oxides of Nitrogen, that is the problem with fossil fuels.

It will take time, and wont happen overnight, but we will eventually have a good combination of alt energy sources.

I just get salty when I read about these people that come out and complain about the wind turbines, and how the the turbines are changing the air pressure and collapsing the lungs of bats.

You can't win with these people, and they do more harm than good.

I know your not one of those people Tripp, :) Peace!!!