Market Watch for week of 8/17/2009

[Dr. Dave]

Here's some great information how to read candle charts.

http://stockcharts.com/school/doku.p...o_candlesticks

www.americanbulls.com is a good free candlestick site, and I suggest getting a used copy off of amazon of Nison's book, or from the library. Funny, the used copy I got is signed by him. I highly recommend murphy's main book from stockcharts... its in most libraries, and if you like it, sometimes you can find used copies at an ok price.

I'm all about spending some profits on different educational materials. I also subscribe to a few sites, each one paid for by a good run up.

actually though, just learning what the reversal candles are and matching them up with support and resistance lines is all you really need to know most of the time.

[atmgeek1]

I'm watching a program on Maryland Public Television that if talkimg about how algae is turned into energy and biofuels. Its a NOVA program and it's very interesting, they are showing the photo bioreactors, awesome. Currently they say the only drawback is the end price of about $8 p/gallon, the expense of the biorector.

[billhart22]

Here is my video. I made it about 4 or 5 years ago. I had never done this routine before and it was the first cut. I was drinking wine (you can see a glass on the left hand side of the screen) and my voice isn't that high, lol. I just made it up as I went along...kind of on the "Fly". I know the story is dumb, but I just made it up to get a point across to another magician that I was teaching technique to.

Greg check it out...just another facet in my life.

Turn on your speakers.

http://s148.photobucket.com/albums/s...nt=video12.flv

[Los Tiburones]

I've got three different accts. My work retirement acct is with the Feds, strictly mutual fund type investments, but I'm in the highest risks funds, small caps and international funds. The Feds match up to 7% of my salary, dollar for dollar. I can't trade in and out of funds on it like I can with my other accts, so I only invest the minimum.

Of my two other accts with etrade, one is a Roth ira, which I'm allowed to invest $5k a year in. I can trade in and out with it, but have to adhere to a strict 3 day trading rule on it, otherwise your acct gets restricted by some sec rule! Nice thing about it is I don't have to worry about capital gains until I actually withdraw from it.

And my last acct is a cash/margin acct. Of which I never go on margin anymore. I got burned real bad back when the bubble burst during the dot.com heydays, lost some good money due to not being able to cover my margin calls. Got burned bad on a company called Webvan, it was an on line grocery store business. You order your groceries Online and these cool refrigerated vans would delivery them to your door. They went bk when the money dried up, there was some big money involved with it. Anybody ever heard of them?

Webvan? You bet! Of course I am smack dab in the middle of silly-con valley so ... There was all kinds of odd ball stuff around here fueled by VC's dumping mass quantites of cash, perky, ridiculously lavished buildings\offices ... The whole dot.com bubble ... Can still hear the echo's of a certain talk radio guy ... it might have been Dobson from Focus On The Family or someone else, he kept warning for months and months that it was going to burst and of course no one would hear anything of it ... Even stranger, this was about the time I was thinking about getting into some type of tech job, went to a job fair right after the bust and it was absolutely chaotic. One of my neighbohrs was a salesman, he watched his options\co. stock go from 200K to worthless in a day, lost his job, the co. shut down ... I was tagging along with him giving out my resume, trying to get my foot in the door, any door and it didn't take long to figure out how futile it all was ... Rabbit trail there.

Sorry to hear about that AG.

Bill, great vid! Used to do a bit when I was a kid ... speaking of, where is the Stock Magician anyway?

[billhart22]

I hope tomorrow isn't as flat as it was today. QASP should be getting on the move here pretty quick. I am also looking for something from EVFL. MGLG will wake up one of these days, right? BCLE zzzzzz zzzzzz zzzzzz, but I will hang with it.

It was pretty boring today...

[billhart22]

Bill, great vid! Used to do a bit when I was a kid ... speaking of, where is the Stock Magician anyway?

Thanks....I have been in and out of magic since 1980.

I haven't seen SM in a while. He is on the road a lot and checks in when he can. He is a good dude. I enjoy his posts. I was just thinking about that tonight myself.

[Los Tiburones]

Thanks....

I haven't seen SM in a while. He is on the road a lot and checks in when he can. He is a good dude. I enjoy his posts. I was just thinking about that tonight myself.

Yeah, he is a good dude ... all you guy's are.

It was pretty boring today, good for me really, needed to get some things accomplished, heading out to LA and then on to Dallas the next couple of days.

SIRI is really remarkable these days ... wondering just where it might go if it can break that resistance ...

[billhart22]

Yeah, he is a good dude ... all you guy's are.

It was pretty boring today, good for me really, needed to get some things accomplished, heading out to LA and then on to Dallas the next couple of days.

SIRI is really remarkable these days ... wondering just where it might go if it can break that resistance ...

When I was in the corporate world I used to have to fly down to Dallas and then go to Richardson. That was my corporate headquarters. We would go out for lunch and eat Tex-Mex all the time (the CEO, CFO and VP and myself) and I would listen to their crap for an hour and a half and then get back on a plane and fly back to Colorado. What a waste of time and money. We could have accomplished all of our business on a conference call or a video conference. I was the Director of Sales for a wholesale computer corporation. Man am I glad that I am out of that.

Numbers, numbers, numbers...that is all that they wanted and then wanted more, like I was supposed to go beat my sales manager and he was supposed to go beat up the troops....all of the time. I just don't dig being a "Suit". I love getting muddy and dirty and building things and making peoples' homes beautiful.

I guess what I really love is seeing tangible results from my efforts. When I drive around town, I know every house as I pass it and know what I have done there and get a great degree of satisfaction from it.

There is never a result in sales that means anything except a bigger paycheck and stress. I love to sell though, but I like what I do now better by far. Being a corporate executive is not my cup of tea. Everybody is different.

[bassmaster]

great vid Bill!!!!!! thats some sick magic tricks!!


dave, i was watching the price when 1.83 hit and was wondering if your stop triggered. i didnt sell, i spent around 320 bucks so im gonna hang on to them. the value of the lesson just watching it trade is worth more than the cost of my trade. it also gets me more invovolved in a big board stock and ive never followed one so closely before.

im really confused by the direction of the market. msm's are calling the recession over and i hear about certain indicators and indices that i deem important are having disappointing numbers. but i think the president has a itchy stimulus trigger finger so he may attempt to prop up the economy instantly if there is a downturn. i dont know where we are headed. but after thinking it over, the fed can just print money at will so i guess we may be ok for a while.

[billhart22]

great vid Bill!!!!!! thats some sick magic tricks!!

Thanks! Great news! It looks like Dave's Options thread is starting to take. If you understand them or want to understand them, then jump in there. Way to go guys!