Gorilla Trades FREE for 1 Week start 10/20

**billyjoe** · 10-20-2005, 08:34 PM

Peter,
I've heard lots of bad things about 'Gorilla' , be careful.

billyjoe

**skiracer** · 10-20-2005, 08:45 PM

Billyjoe,
Never tried it myself but had a few friends who did and thought it was terrible.

**New-born baby** · 10-20-2005, 08:53 PM

Pretty Good

The Gorilla is okay. His problem is that he doesn't give you a proper entry point. Just buy it, put a 7% stop loss under it, and hang on. He's a pretty good stock picker--hey, he picked ELN at $27 or so. What's wrong with that? Webs, you ought to love the guy.

**Websman** · 10-20-2005, 09:33 PM

Originally posted by New-born baby

The Gorilla is okay. His problem is that he doesn't give you a proper entry point. Just buy it, put a 7% stop loss under it, and hang on. He's a pretty good stock picker--hey, he picked ELN at $27 or so. What's wrong with that? Webs, you ought to love the guy.

A monkey could do a better job picking stocks than Gorilla Trades.

Better pay attention Newborn. One day, when you least expect it, ELN is going to shoot up like a rocket.

**dmk112** · 10-20-2005, 09:44 PM

Why are you guys complaining, its free!

Thanks Peter.

Just looked at the porfolio (really quick) and it looks pretty good.

**New-born baby** · 10-20-2005, 10:24 PM

Gorillas trump monkeys

Originally posted by Websman

A monkey could do a better job picking stocks than Gorilla Trades.

Better pay attention Newborn. One day, when you least expect it, ELN is going to shoot up like a rocket.

Webs: this is the gorilla speaking.
I want you to know something:

Gorillas trump monkeys every time.

**IIC** · 10-20-2005, 10:42 PM

I don't care who it is...Know your stuff and you will do better than any of those hype sites...There are a lot of them that you can get decent info from...I pay for a few myself...but most are free...Gather info and make your own decisions...Gorilla Trades...I wouldn't even waste my FREE time...Doug(IIC)

**Peter Hansen** · 10-25-2005, 11:04 AM

Re Gorilla Trades

Nothing really earthshaking about the gorilla picks......but hey a free look is always worth something! Guys Thanx for you input!

**New-born baby** · 10-25-2005, 06:41 PM

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**skiracer** · 10-25-2005, 08:25 PM

NB,
I've been a subscriber to this mag. for almost two years. Excellent mag. and lots of stuff that will broaden your knowledge base if you're interested in doing that. How did you come across it? I know that I've posted on it and the free 1 year subscription a couple of times here within the last year or so. You really can't be this deal since it is for free.

**New-born baby** · 10-25-2005, 10:33 PM

Worth the $5

Originally posted by skiracer

NB,
I've been a subscriber to this mag. for almost two years. Excellent mag. and lots of stuff that will broaden your knowledge base if you're interested in doing that. How did you come across it? I know that I've posted on it and the free 1 year subscription a couple of times here within the last year or so. You really can't be this deal since it is for free.

It's worth the $5 a month if you had to pay for it. And that they are giving it away, well, I just hope the entire board subscribes.

**skiracer** · 10-25-2005, 10:49 PM

They're only giving the first year free. After that it's $49.50 a year but still worth it IMO. You really have to be into reading everything an anything trading/investing related as there are articles every month which many people might not find of any interest. I'm always looking for anything to read which might make me appear smarter than I really am.

**IIC** · 10-26-2005, 12:06 AM

Originally posted by Peter Hansen

Nothing really earthshaking about the gorilla picks......but hey a free look is always worth something! Guys Thanx for you input!

OK...No, I didn't waste my time...but my friend did:

Gorilla Commentary: -
The stock market closed slightly lower in profit-taking today, after the previous session's huge gain. The market held on reasonably well, despite a surprising drop in consumer confidence and a disappointing forecast from Texas Instruments (TI). The Dow fell only 7.13, or 0.07%, to 10,377.87, after being down as much as 68 points earlier in the session. The Nasdaq lost 6.38, or 0.3%, to 2,109.45, while the S&P 500 dropped 2.84, or 0.24%, to 1,196.54. Declining issues outnumbered advancers by about 5 to 3 on the NYSE, where volume was a bit heavier than it was yesterday.

Traders on the floor of the NYSE said that considering yesterday's powerful (but light-volume) move, and the fact that oil prices rebounded sharply today (a barrel of light crude settled at $62.44, up $2.12) , stocks hung tough. Traders said that while investors remain gratified by the nomination of Ben Bernanke to succeed Alan Greenspan as head of the Fed, they also continue to worry about inflation in the face of slow economic growth and warnings of declining fourth-quarter sales or profits from major companies like TI. However, it was today's reported huge drop in consumer confidence that raised new concerns about consumer spending, especially since it is only about a month before the start of the holiday shopping season! Bonds also added to today's sharp losses in stocks, after the yield on the 10-year Treasury note rose to 4.51% (and over the psychologically important 4.5% level), from 4.45% yesterday. As one trader summed it up, "We're in a market that is clearly in a little short-term decision box. It's the debate whether core inflation remains low, which allows the Fed to stop raising rates, or whether core inflation is not able to be contained. We'll get a progression of data and numbers that will help resolve this somewhat, but until then, we're in the box."

The American consumer has weathered a lot of tumult and turmoil over the past five years - - a tech market meltdown, the 9-11 terror attacks, war in Afghanistan, recession, the Iraq war, soaring oil prices, and even the global bird flu pandemic. What a list! Consumers have been sort of like the Rock of Gibraltar over the past five years, but we are starting to see the cumulative effect of the years of chipping away at what had been an unshakable confidence. Today's report that consumer confidence has dropped to a two-year low was proof that consumers are down in the dumps.

So, just how have consumers managed to hold up so well for so long? Well, to start, they can thank the soon departing Fed Chairman for slashing interest rates to 48 year lows. That ignited the real estate boom that added TRILLIONS to household balance sheets that had lost TRILLIONS in the stock market in 2000-2002. The consumer and the economy dodged a big bullet back then, and all of that new real estate wealth kept the cash registers humming, as consumers continued to party - - like it was 1999!

What is worrisome about the fall in consumer confidence from September's 87.5, to October's 85, is that it is going to be TOUGH to regain any kind of confidence given the twin devils of rising interest rates and stratospheric energy prices. The Fed seems hell-bent on “taming inflation” (or the proper translation – “crushing the real estate bubble”), and that has consumers singing the blues! Throw in the hundreds of extra dollars being shelled out for gasoline and home heating, and you can see why consumers are the saddest they have been in two years.

The big rally we saw Monday on the heels of the new Fed Chief was short-lived because the market’s attention quickly refocused on the fact that things are not looking that cheery right now. That has retailers worried that the holiday shopping season might not be very strong at all, and that might explain today’s market malaise. Weak numbers from Texas Instruments also weighed on stocks (particularly tech) today, so the year-end rally was sort of put on hold, as stocks took a day to sort of “catch their breath” and rethink the market’s prospects. However, as we all know so well, things always seem to change very quickly in the stock market, especially when it has a Wall of Worry to climb (it loves the challenge!).

Technical Corner:
Without a doubt, the Nasdaq and the S&P 500 need to move above, and hold, their respective 200-day moving averages. The Nasdaq’s is at 2075 and the S&P 500’s is right at that 1200 level. Likewise, the 2100 level is another potential level of support that the Nasdaq might be able to use as a springboard to move past a TOUGH, downward sloping resistance line at 2125 that is traceable back to the Nasdaq’s late-July near-term highs.

As for today’s action, it was a big plus for the bulls to see the major indices hold on to most of Monday’s moon-shot gains. It was also great to see stocks rally from their lows of the day and finish with only modest losses for the session. What had bulls a little concerned today was that the barn-burner UP day was a bit light on the volume. What we need to see now is some upside follow through with some barn-burner VOLUME!

**IIC** · 10-26-2005, 12:09 AM

Originally posted by skiracer

They're only giving the first year free. After that it's $49.50 a year but still worth it IMO. You really have to be into reading everything an anything trading/investing related as there are articles every month which many people might not find of any interest. I'm always looking for anything to read which might make me appear smarter than I really am.

Actually...I have to agree...SFO is not bad...But I've never subscribed and I have received it for a long time...In fact I get it at home and at my biz address...Don't know how I got on their list???