Portfolio of the week - 2007

[IIC]

Congratulations to all greenies and to the TOP THREE who weathered a tough week with confidence and optimism!!! And Ski, you are a true master of the double entendre!

I'll gamble on IGLD for next week. They report on Tuesday and I own the stock. My abyssmal performance is due for an improvement!

IGLD was a b/o from our CwH list last week...Doug

[IIC]

I will take MKTX long at the open on Monday...IIC

[spikefader]

Thx Spike...Now run for cover before the BIG CRASH

The only big "crash" I see right now is for QID......

But for the broader market, granted there's going to be some "normal" impulse selling at some stage for the weekly 4 down, but one should expect that to be a buying opportunity for the 5 up. We're still in a monthly 5th up by the way, per TA at Scuttlebutt.

Now, the weekly 5th up will be a time to take profits and step aside for the monthly abc move, but there's no sign of a crash yet, Doug. We're still in for some more bullishness for Lord knows how many weeks, and how many subwaves.

A crash prediction is way premature in my book, and I'm wondering whether you're even serious.

[Karel]

Long CHAP!

Karel, I would be very careful with CHAP right now, if you have your own real $$$ in it. It has been strong for several months now, up +600% in about 18 months!, so you have to be careful. I had traded it in the low 40s during a false breakout, and since then have not chosen to trade it again. That is probably irrational but understandable. The problem for me is, within about 6 sessions I had two different stocks each take a 10% drop intraday for no good reason. (Only one of the two has recovered noticeably.) One was clearly a bear raid (very high offered # of shares, constantly during the session) associated with a brokerage downgrade.

Hi Park, thanks for your concern. No I don't have real money in CHAP, sold it when $$$Mr.Market$$$ did. I think worries like this make getting out with 15% such a profound idea for a low maintenance/low worry portfolio. And it is necessary to have an exit plan. My own way to handle this (both in my marketocracy fund and in real money) is to sell off bits as the stock climbs higher, and to get out when the stock stalls, or drops about 20% from its most recent high. And to diversify. And in the meantime I don't worry, I am happy. Long CHAP!

And congratulations to IIC and SirTuck!

Regards,

Karel

[skiracer]

The only big "crash" I see right now is for QID......

But for the broader market, granted there's going to be some "normal" impulse selling at some stage for the weekly 4 down, but one should expect that to be a buying opportunity for the 5 up. We're still in a monthly 5th up by the way, per TA at Scuttlebutt.

Now, the weekly 5th up will be a time to take profits and step aside for the monthly abc move, but there's no sign of a crash yet, Doug. We're still in for some more bullishness for Lord knows how many weeks, and how many subwaves.

A crash prediction is way premature in my book, and I'm wondering whether you're even serious.

I think Doug's use of the term "crash" was meant more as a correction of maybe 10/12% Spike. I think they all need a correction which would be normal in an uptrend like this one. The INDU is up over 1300 points without any decent correction. I'm not sure if we are going to get one but I would position myself accordingly here. Even in as good an uptrend as we are in, and as long as the trend is going up then it is up, but I'm trying to be cautious with any long sided setups although I am long on several trades and entered a couple of long positions this past week. I think alot of people are seeing the same thing and are just a little anxious going without any correction for as long as we have in this recent uptrend.

[Louetta]

I think you should reconsider a career as a politician. Sensibly well put, yet avoided the issue, and kind of answered the question. Mayor of Boston?

Jobs taken for the duration I guess. In fact Mayor Menino is the only Mayor Of Boston I can remember having.

[IIC]

Spike...I am serious...The market will crash...And soon...When the Average Investor least expects it

"Only time will tell who has fell and who's been left behind...When you go your way and I go mine"

[skiracer]

Spike...I am serious...The market will crash...And soon...When the Average Investor least expects it

In that case I have to hear what your expectations are and how far down will it crash. The term, "crash", to me implies a devastating drop of maybe 500 / 700 points or maybe even a 1000. That would take alot of people and their positions out and put us back almost at where this uptrend started.

[Gary611]

Potw

Congrats to all & wherever the train shall meet!!

RUBO long to VICTORY!!

[skiracer]

Jobs taken for the duration I guess. In fact Mayor Menino is the only Mayor Of Boston I can remember having.

I can see your campaign slogan now. Your avatar and the caption, Shouldn't you vote for these shoulders? Our next mayor of Boston, Ms. Louetta _________!

[IIC]

Spike...I am serious...The market will crash...And soon...When the Average Investor least expects it

In that case I have to hear what your expectations are and how far down will it crash. The term, "crash", to me implies a devastating drop of maybe 500 / 700 points or maybe even a 1000. That would take alot of people and their positions out and put us back almost at where this uptrend started.

IMO...Naz drops 500+...There is nothing but an air bubble holding up this market...Yes...I am surprised that the market has held up thru news...But I'll tell ya..IMO...There is gonna be a PROGRAMMED HEDGE SELL in the near future...

[spikefader]

IMO...Naz drops 500+...There is nothing but an air bubble holding up this market...

No offence, but I think yer smokin' bat doo doo, Doug.

[skiracer]

No offence, but I think yer smokin' bat doo doo, Doug.

I had some yesterday. It needed garlic. I don't see a devastating market crash of large proportions but a 200 point correction would probably be good for a continuation of this uptrend. I would like to hear what Doug bases his assumption on and why. Except for the geo-political mess in the Middle East I think the world economy is strengthening. Third world countries are coming into the markets for everything electronic from phones and ipods to flat tv, and automobiles. My own opinion is that there is a strengthening in demand for everything across the board. But nothing goes up without small corrections in the process and although uncomfortable when they happen are the necessary element to the continuation of the uptrend.

[IIC]

I had some yesterday. It needed garlic. I don't see a devastating market crash of large proportions but a 200 point correction would probably be good for a continuation of this uptrend. I would like to hear what Doug bases his assumption on and why. Except for the geo-political mess in the Middle East I think the world economy is strengthening. Third world countries are coming into the markets for everything electronic from phones and ipods to flat tv, and automobiles. My own opinion is that there is a strengthening in demand for everything across the board. But nothing goes up without small corrections in the process and although uncomfortable when they happen are the necessary element to the continuation of the uptrend.

As far as I'm concerned the economy is running on fumes...When the industrials weaken we tank.

I see nothing strong in the economy right now...And another thing...I think this whole corn/ethanol thing is a big sham...I'll bet my life that I never drive a car fueled by ethanol...Here are the top 4 groups over the past 3 months:


Tires
Fish/Livestock
Metal Mining
Jewelry & Silverware

Takes more than that to get me excited...Doug

[billyjoe]

Doug,
If this turns out to be a good growing year we'll have corn and ethanol coming out our ears and a big shortage of other crops.

-------------billyjoe