ParkTwain's Parlor

[ParkTwain]

Re: IMH, it is up or unchanged for the last 13 sessions straight. The divy was icing on the cake.

I had also been watching MMM, which did perk up and closed Thurs and Friday over 75.00. It is entering a gap (early July 2006) that reaches to 81.

[ParkTwain]

List of trader's blogs

Look, you can trade, or read lots of blogs about other people's trades:

http://www.movethemarkets.com/blog/blogs-i-read/

[ParkTwain]

Swapped out SIMO, ESCH for OPSW

Captured the last 1.5% of today's 4.5% move. Already had OPSW on my watch list. Of course after I sold SIMO this morning, it made its move. But that's the way the IRA crumbles. I've seen this happen so many times since the summer.

SIMO and ESCH still have some life in them, but they've been slumbering this week. Not the relative strength I expected.

[ParkTwain]

Bulkowski's chart patterns resource

Here is the page that ranks the performance of his patterns:

http://mysite.verizon.net/resppzq7/id75.html

Followthrough breakout beyond a flag (high and tight variation) gives the best return, based on his research.

[skiracer]

Here is the page that ranks the performance of his patterns:

http://mysite.verizon.net/resppzq7/id75.html

Followthrough breakout beyond a flag (high and tight variation) gives the best return, based on his research.

Same site Park that give the chart pattern and the definitions and percentages of success or failure for each pattern. I like your for ranking which ones work out the best. Good info.

http://mysite.verizon.net/resppzq7/chartpatterns.html

[ParkTwain]

HRZ - now that's an ATH breakout

But I didn't buy it! I'm sitting here watching OPSW go sideways for another day. PATIENCE!

Haven't seen anyone commenting on HRZ so I had to say something. I didn't bite on it because its RSI was right at 70 (I prefer it to be more like 65) as it reached its ATH pivot of about 16.50. I didn't quite assess this one right, but there you go. 15% gain in 10 days..

[peanuts]

ParkTwain

I sure could go for some ParkTwain wisdom this Friday. What are the best stocks for next week's market?

[ParkTwain]

hi peanuts, look for some research results later in the weekend ...

[ParkTwain]

IBM moves global procurement office to China

I think this is one of the key business news stories of this decade.

http://www.forbes.com/2006/10/13/ibm-procure-shenzhen-biz-logistics-cx_rm_1013ibm.html

IBM is moving its global procurement headquarters to Shenzhen, China. It will be the first time the headquarters of a corporate-wide IBM division has been moved outside the U.S.

The company's chief procurement officer, John Paterson, will move from Somers, N.Y., to Shenzhen. IBM already has 1,850 employees in the area and manufactures there for the Asian/Pacific market products and systems including servers, retail store systems, storage devices and computer printers. The company originally manufactured PCs there but sold off that business to a Chinese-owned firm.

"In a multinational model, many functions of corporations were replicated around the world--but each addressing only its local market. In a globally integrated enterprise, for the first time, a company's worldwide capability can be located wherever in the world it makes the most sense," says Paterson.

Shenzhen is not an arbitrary selection; it is at the center of one of the three most active Chinese trading centers and part of Asia's ever-more-powerful emerging markets. Shenzhen is the third-largest port in China and the fourth-largest port in the world.

"We established our Shenzhen center over ten years ago and have had procurement people in China for 50 years," Paterson says. "The Shenzhen area has many electronic hardware suppliers that we will continue to use."

This move emphasizes a series of corporate objectives: to move to the place in the world where procurement makes the most sense, as Paterson has said; to modify IBM's own supply base; and to expand the company's internal procurement skills and develop executives for global roles.

The move will involve both IBM's hardware and software businesses. By emphasizing software and services skills, it will make possible the development of new partners and suppliers. IBM, as a company, spends $45 billion a year with external suppliers. More than half its business is in services to its clients.

"Part of our focus is to try to develop a supply base in China and other parts of Asia that can globally support our services business," says Paterson.

IBM has 3,000 suppliers across Asia. It has procurement professionals in 60 countries and 400 cities worldwide, and the company is attempting to gain competitive advantages by locating those in charge of procurement as close to their clients and suppliers as possible. Their global and integrative skills are to be complemented by continued interest in deep local relationships.

IBM has, over the past few years, made it clear that the supply chain, including the procurement process, is a core focus of its business. It is a major means by which the company can--through end-to-end execution and productivity optimization--balance cost savings with customer or client satisfaction. This strategy has allowed IBM to significantly decrease logistics costs, totaling some 20% savings from 1996 through 2003, despite a significant increase in the volume of goods being transported. The move to Shenzhen will clearly play a significant role in the continuing success of this strategy.

[ParkTwain]

Pay attention to Amazon reviewers

Here is one person who contributes reviews about stock trading books at Amazon.com and who might help save you some time in finding the next worthwhile trading book to read:

http://www.amazon.com/gp/cdp/member-reviews/A2GRXC6OCDSZH0?ie=UTF8

[billyjoe]

Park,

That's good stuff. Martin Pring in Market Momentum says that fewer than 10 out of 100 putting money in financial markets ever see a profit. I'm glad all of us are in the <10 bunch.

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

[ParkTwain]

Thought this is a pretty interesting article

http://www.thestreet.com/newsanalysis/wallstreet/10318244.html

[ParkTwain]

Picked up BLKB and ACAS this a.m.

Have been making a little dough with MOS since last week also. POT and MOS are benefitting from a flooded potash mine in Russia. ACAS has an 8% divy that will probably go ex around Dec. 1st.

[jiesen]

Russia has inferior potassium.

[ParkTwain]

True one-formula, multi-scan, mechanical trading - the ROCKET

http://stockmonster.blogspot.com/2006/02/adding-new-screen-for-daytrading-1.html

Buy at mkt at the open, sell at mkt at the next day's open. $10K position per trade. 15% stop loss. The system (I'm not saying the blogger's actual account is up by this much!) is up >300% for 2006 year to date.

He uses StockFetcher.com to perform a nightly scan to find the next day's ROCKET. Here is his formula, as stated in a blog entry of 10/22/2006:

//
The Rocket is now optimized.

Here's the SF script...

show stocks where count(RSI(2) 2 day ago above 90,60) is above 0
and RSI(2) is below 20
and average volume(10) above 250000
and close one day ago more than 8% below close 2 day ago
and close more than 4% below close 1 day ago
and close above 0.99
and 60 day slope of close is above 0
and market is not otcbb
//

On 10/26/2006 he posted:
"Rocket at $17030 today...from $4000 on 1/1/06."


I found the STOCK MONSTER as site #7 on this guy's list of trader blogs:

http://www.movethemarkets.com/blog/blogs-i-read/