ParkTwain's Parlor

[ParkTwain]

Well, I would say, the probability of a profitable trade based on an anticipation of a C&H breakout is a function of your ability to detect the "temperature" of the market (or of the part of the market that highly correlates with the behavior of NITE shares). To the extent that you believe you have that information and that information favors the trade, then you do it in anticipation of the breakout. I'm talking about easing into the position, you know.

[ParkTwain]

Intraday low volume "flush" in CTCM on Friday

Anyone notice that one, then see how she's acting today. I was puckering ... THERE was your market maker manipulation, my two cents.

[peanuts]

Well, I would say, the probability of a profitable trade based on an anticipation of a C&H breakout is a function of your ability to detect the "temperature" of the market (or of the part of the market that highly correlates with the behavior of NITE shares). To the extent that you believe you have that information and that information favors the trade, then you do it in anticipation of the breakout. I'm talking about easing into the position, you know.

for C&H breakout, see SWHC, 9.12 was breakout, cup low was 7.15, target equals 11.11ish. Looks like there is still 10% left in it. I'm playing.

[ParkTwain]

everything's green for me this morning

I can't believe it. This joy just hasn't been sticking around all day lately. It's been very frustrating.

[skiracer]

Quite a list that you have here. Will you update after today? I'd like to have your narrowed opinon of these.

NITE does looks good for MT trade. Is today a proper entry point, though?

You may have missed the initial move on NITE. I did mention it 3 days ago on my thread. I took a position in it this morning at $17.81 around 10:00 am. I also bought TRAD this morning at $14.81 around the same time. Briefing.com had a nice tidbit come across their wire this morning on TRAD. Prompted me to make the play even moreso. I was looking for an entry anyway. NITE came up on a scan but I have been watching it form that cup since about mid-way up the right hand side of it.

[peanuts]

You may have missed the initial move on NITE. I did mention it 3 days ago on my thread. I took a position in it this morning at $17.81 around 10:00 am. I also bought TRAD this morning at $14.81 around the same time. Briefing.com had a nice tidbit come across their wire this morning on TRAD. Prompted me to make the play even moreso. I was looking for an entry anyway. NITE came up on a scan but I have been watching it form that cup since about mid-way up the right hand side of it.

I may be completely wrong but I think it is too early for NITE to run. Needs more consolidation IMO. I'd like to get in at a lower price. It's just my feeling on this... needs more time, but IF it does breakout, I'll probably be on it.

[ParkTwain]

Today may have been the commencement of NITE's liftoff.

[ParkTwain]

Blank Check IPOs

You guys have heard of these?

http://en.chinabroadcast.cn/3130/2006/09/02/[email protected]

http://www.google.com/search?hl=en&q=%22blank+check%22+IPOs&btnG=Google+Search

[Websman]

You guys have heard of these?

http://en.chinabroadcast.cn/3130/2006/09/02/[email protected]

http://www.google.com/search?hl=en&q...=Google+Search

Never heard of them, but it's worth looking at.

[ParkTwain]

Bot XCO this morning

new acquisition should be accretive to earnings

[spikefader]

new acquisition should be accretive to earnings

Nice pick. Should find $17.50 pretty easy.

[ParkTwain]

My Finance, Investing, and Trading Library

I've decided to post a list of all my books on these subjects, along with a simple thumbs up/down review on each that I have read. Maybe others on the board can do the same.

Some of the books I found in "bargain bins" so I picked them up at almost no cost, just to have a book to dip into to make a very beginner's acquaintance with the subject matter. (I may discard such a book, such as one about index futures, as soon as I have read it, with it being a stepping-stone to a more recently published book in that subject area.) None of my college economics textbooks are included in the list.

A lot of the "not read" books listed I actually have started reading but put them down for one reason or another, such as Brown's Technical Analysis, which is pretty "out there" and goes into some of Gann's ideas.

Several of these aren't "trading" books per se, but are biographies, history, or journalistic treatments of financial events (such as Stewart's Den of Thieves). Some of these I have picked up as novelties for my collection, such as How to Survive on $50K to $150K a Year, and Con Man or Saint.

I will also try to remember several more books in these fields that I have read but not purchased.

There are many more "classics" in these fields that I haven't yet picked up, and I have a long "wish list" set up for myself. More recommendations from others are welcome.

Read? ... Rec'd? ... Author last name ... Title

Y ... N ... (none) ... IBD Guide to High-Performance Investing
N ... - ... Angell ... Sure-Thing Options Trading
N ... - ... Anonymous ... License to Steal
N ... - ... Anuff and Wolf ... Dumb Money
Y ... N ... Baruch ... My Own Story
N ... - ... Bass ... The Predictors
N ... - ... Bernstein ... Against the Gods, the Remarkable Story of Risk
N ... - ... Brown ... Technical Analysis for the Trading Professional
N ... - ... Buffett ... Buffettology
N ... - ... Carret ... The Art of Speculation
N ... - ... Chance ... An Introduction to Derivatives
N ... - ... Chancellor ... Devil Take the Hindmost
N ... - ... Cohen and Wool ... How to Survive on $50K to $150K a Year
N ... - ... Connors and Raschke ... Street Smarts, High Probability Short Term Trading Strategies
N ... - ... Conway ... Professional Stock Trading
N ... - ... Cowles ... The Rothschilds, A Family of Fortune
N ... - ... Darack ... Taking Profits from the OEX
Y ... Y ... Darvas ... How I Made $2 Million in the Stock Market
N ... - ... Dreman ... Contrarian Investment Strategy
N ... - ... Drobny ... Inside the House of Money
N ... - ... Edelman ... Ordinary People Extraordinary Wealth
N ... - ... Eichenwald ... Serpent on the Rock
Y ... Y ... Ellis ... The Investor's Anthology
N ... - ... Fisher ... Common Stocks and Uncommon Profits
N ... - ... Fowler ... Ten Years in Wall Street (1870)
N ... - ... Frasca ... Con Man or Saint (Glenn W. Turner)
N ... - ... Fridson ... How to Be a Billionaire
N ... - ... Getty ... How to Be Rich
N ... - ... Graham ... The Intelligent Investor
Y ... Y ... Greenblatt ... You Can Be a Stock Market Genius
N ... - ... Greenblatt ... The Little Book That Beats the Market
N ... - ... Haugen and Lakonishok ... The Incredible January Effect
N ... - ... Heady ... The Complete Idiot's Guide to Making Money on Wall Street
N ... - ... Henriques ... Fidelity's World
N ... - ... Jacwin and Costa ... HT Accumulate Wealth Through Stock Speculation
Y ... Y ... Jiler ... How Charts Can Help You in the Stock Market
N ... - ... Katz and McCormick ... The Encyclopedia of Trading Strategies
N ... - ... Kessler ... Running Money
Y ... Y ... Kilpatrick ... Of Permanent Value, the Story of Warren Buffett
N ... - ... Klarman ... Margin of Safety
N ... - ... Kroll ... Kroll on Futures Trading Strategy
N ... - ... Kroll ... The Professional Commodity Trader
Y ... Y ... Lefevre ... Reminiscences of a Stock Operator
N ... - ... Levy ... The Mind of Wall Street
Y ... Y ... Lewis ... Liar's Poker
N ... - ... Lichello ... How to Make $1 Million in the Stock Market Automatically
Y ... N ... Link ... High Probability Trading
Y ... Y ... Loeb ... The Battle for Investment Survival
N ... - ... Lowe ... Damn Right! Behind the Scenes with Berkshire Hathaway Billionaire Charlie Munger
Y ... Y ... Lowenstein ... Buffett, the Making of an American Capitalist
Y ... Y ... Lowenstein ... When Genius Failed
N ... - ... Lukeman ... The Market Maker's Edge
N ... - ... Lynch ... Beating the Street
Y ... Y ... Mackay ... Extraordinary Popular Delusions and the Madness of Crowds
N ... - ... Malkiel ... A Random Walk Down Wall Street
N ... - ... McClintick ... Indecent Exposure, A True Story of Hollywood and Wall Street
N ... - ... McMillan ... Options as a Strategic Investment
N ... - ... Mehrling ... Fischer Black and the Revolutionary Idea of Finance
N ... - ... Mesler ... Stock Index Options
N ... - ... Morris ... The Complete Guide to Market Breadth Indicators
N ... - ... Morris and Siegel ... The Wall St Journal Guide to Understanding Money and Investing
N ... - ... Mulford and Comiskey ... The Financial Numbers Game
N ... - ... Ney ... The Wall Street Gang
N ... - ... Ney ... The Wall Street Jungle
Y ... Y ... Niederhoffer ... The Education of a Speculator
N ... - ... Niederhoffer ... Practical Speculation
N ... - ... O'Glove ... Quality of Earnings
Y ... Y ... O'Neil ... How to Make Money in Stocks
N ... - ... O'Shaughnessy ... What Works on Wall Street
N ... - ... Oz ... How to Take Money from Wall Street
N ... - ... Perkins ... Confessions of an Economic Hit Man
N ... - ... Poundstone ... Fortune's Formula
N ... - ... Powers ... Starting Out in Futures Trading
N ... - ... Pring ... Introduction to Technical Analysis
Y ... Y ... Reich ... Financier, the Biography of Andre Meyer
N ... - ... Rice ... My Adventures with Your Money
N ... - ... Sands ... Turtle Secrets
N ... - ... Schabacker ... Stock Market Profits
N ... - ... Schreiber, Jr. and Stroik ... All About Dividend Investing
Y ... Y ... Schwager ... Market Wizards
Y ... Y ... Schwager ... The New Market Wizards
N ... - ... Schwager ... Stock Market Wizards
Y ... Y ... Schwartz ... Pit Bull
N ... - ... Smith ... Toward Rational Exuberance
Y ... Y ... Smith ... The Money Game
N ... - ... Soros ... The Alchemy of Finance
Y ... N ... Sperandeo ... Trader Vic, Methods of a Wall Street Master
N ... - ... Spurga ... Balance Sheet Basics
Y ... N ... Steinhardt ... No Bull, My Life in and Out of Markets
N ... - ... Stewart ... Den of Thieves
Y ... Y ... Strouse ... Morgan, American Financier
N ... - ... Taleb ... Fooled by Randomness
Y ... Y ... Tharp ... Trade Your Way to Financial Freedom
Y ... Y ... Train ... The Money Masters
Y ... Y ... Train ... The New Money Masters
N ... - ... Wanger ... A Zebra in Lion Country
N ... - ... Whitman ... The Aggressive Conservative Investor
Y ... Y ... Whitman ... Value Investing, A Balanced Approach
Y ... Y ... Wright ... Trading as a Business
N ... - ... Wyckoff ... How I Trade and Invest in Stocks and Bonds
N ... - ... Wyckoff ... Studies in Tape Reading
N ... - ... Yergin ... The Prize, The Epic Quest for Oil, Money and Power
N ... - ... Zweig ... Winning on Wall Street

[diogenes]

Interesting list you posted.


"Y ... N ... Link ... High Probability Trading"

I did not care for that book.

"Y ... Y ... Greenblatt ... You Can Be a Stock Market Genius"

First book I read about investing, oddly enough. It was in a bundle I bought to get a book about Godel.

[ParkTwain]

Ordered these books today

Blau ... Momentum, Direction, and Divergence: Applying the Latest Momentum Indicators for Tech Analysis
Hayden ... The 21 Irrefutable Truths of Trading: A Trader's Guide to Developing a Mind to Win
Neill ... Tape Reading and Market Tactics
Pardo ... Design, Testing, and Optimization of Trading Systems
Stridsman ... Trading Systems That Work
Gerstein ... Screening the Market
Taylor ... The Taylor Trading Technique (pushed by trader Linda Raschke)
Mamis .. When to Sell: Inside Strategies for Stock Market Profits
Mamis ... How to Buy: An Insider's Guide to Making Money in the Stock Market
Greider ... Secrets of the Temple: How the Federal Reserve Runs the Country

Most of these are available for under $15 each (even hardcovers) at a place like alibris.com or abebooks.com

[billyjoe]

Park,
An interesting book with some pictures is Fisher's "100 Minds That Made the Market". Interesting short biographies on investors categorized as innovators , scalawags , crooks , bankers , speculators , economists etc.

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