Parisian Family Office, Founder & CEO. Started Wall Street, '82. Drexel Burnham alum in LaJolla, CA. Founded Native American Advisors, Chippewa Partners. '95. Chippewa. Conservative. Raised on reservations. Was NYSE/FINRA arbitrator. Trading O'Neil/CANSLIM methodology at PAMELOT, TN farm, GHOST RANCH, MT, on the Yellowstone River, or CASA TULE', their winter camp in Los Cabos, Mexico. Will always be, a relentless optimist with radical gratitude.
Parisian Family Office, Founder & CEO. Started Wall Street, '82. Drexel Burnham alum in LaJolla, CA. Founded Native American Advisors, Chippewa Partners. '95. Chippewa. Conservative. Raised on reservations. Was NYSE/FINRA arbitrator. Trading O'Neil/CANSLIM methodology at PAMELOT, TN farm, GHOST RANCH, MT, on the Yellowstone River, or CASA TULE', their winter camp in Los Cabos, Mexico. Will always be, a relentless optimist with radical gratitude.
Monday, April 16, 2007
Go ahead, try it..............
1. WITHOUT anyone watching you (they will think you are goofy) and while sitting where you are, at your desk in front of your computer, lift your right foot off the floor and make clockwise circles.
2. Now, while doing this, draw the number "6" in the air with your right hand.
Your foot will change direction.
I told you so!!!
VA TECH
More than disturbing.
And Americans continue to die in Iraq.
As disturbing.
Saturday, April 14, 2007
a "pawn" taking on Putin..................
Friday, April 13, 2007
Friday the 13th.........
The other night a local Monday Night Football gang that had transformed themselves into a $10,000 entry fee poker "club" was busted. A friendly, high-stakes poker game. The law caught up to them and it may well cost them all far more than the entry stake.
Funny how Georgia works.
The state owns the real gambling operation in the state called the Georgia Lotto. It is a great franchise and they apparently hate competition. Every convenience store in the state profits from the gambling habits of its citizens, some far brighter than others. Is it racist or discriminatory that the less intelligent Georgia citizens who probably can't afford throwing good money after bad buying lottery tickets support university students in paying for their educations? The rich and smart get richer.........
You have to love how the bulls keep pressing the bears. Who doesn't love these late session rallies? Don't let long-term prejudices blind you to the truth of what is happening today. The stock market tells a story every day and if we listen carefully we will greatly outperform those who claim to know what the future holds. There is an old saying "bulls make money, bears make money, pigs get slaughtered." The more accurate saying may be "flexible folks make money, stubborn folks get killed."
About 15 years ago I left the ranks of being a stockbroker and joined the ranks of a professional trader and money manager. Being a stockbroker is certainly an excellent profession that can be fulfilling and lucrative as a salesman, but until I became a full time trader I never really understood how enjoying my work could make such a huge difference in my results. Trading was the right fit for me. The main appeal of trading is the flexibility and freedom it gave me. The very nice economic rewards were a consequence of enjoying what I was doing. To wake up and look forward to what I was going to do that day made a huge difference not only in my happiness but in my net worth. Friday the 13th was always a good day for me.
Today is no exception.
Wednesday, April 11, 2007
Solarfun............
Interesting acceleration in top and bottom line numbers.
Another Chinese company.
Tuesday, April 10, 2007
Jimmy Cramer................
Here is a look at a web site who has made it a business to follow Cramers stock recommendations against a dart-throwing monkey. Enjoy the read !!!!
http://www.cramerwatch.org/
Musings on last week...........
http://www.carnival.com/CMS/Onboard_Activities/Miracle-Onboard_Exp.aspx
Carnival understands the cruise experience and I would book another trip with them in a nanosecond. That said, weather and sea conditions can have a pretty big impact on a trip and they aren't negotiable at the time of booking.
Mexico is always a treat. Not a sign of any middle-class citizenry. Not in my lifetime. No wonder millions wander around America.
The port of Costa Maya is a hoot. Build a large pier to dock a large ship and you will attract business. Belize was nice, English speaking, fairly clean and good beer. Cozumel and Grand Cayman I can do without. I have never been to Myrtle Beach but that is what they felt like. Or Gatlinburg. No shortage of financial institutions in Grand Cayman either! Can anyone say dirty money without smiling? Going down in a submarine was nice, it beats learning how to dive and I think probaby more things to see while covering so much more "ground" on the ocean floor.
Hard not to gain a couple of pounds on a ship. Food was abundant and good. Service and staff superb. All in all another great week on our planet.
Mr. Market treated us well last week. The fine folks at Web Methods (WEBM) decided to throw in the towel and sell themselves which caught me by surprise but hey, sticking with the stock with declining revenues paid off. It is nice to have an edge. My theme of owning water stocks seems to be working. MIC is headed up. Anyone care to bet against this stock NOT doubling from here?
There is nothing I'd rather do than be wildly bullish, but for me it all comes down to finding the charts I like. I worked the charts hard yesterday and today but found surprisingly few of interest. I focus heavily on stocks that are moving out of support on volume increases and there simply weren't that many on my screens. My feelings and opinions about the market are primarily a function of the hundreds of individual stocks I look at throughout the day. Volume is the key to my decision-making. It is my main measure of the emotional state of buyers. When there are big volume increases, I have much greater confidence that a price move may develop some meaningful momentum. I think of volume as the jet-fuel that drives a stock. They can't act like an F-14 Tomcat with the after-burners glowing without volume!
What we do is watch charts and see if there are signs that big buyers are interested. If volume picks up and stock starts moving, then it's probably a sign that someone knows something positive about the fundamental case. If you are a trader like me, the best possible quality the market can possess is "follow-through". Strong follow-through is what produces big gains. I seldom make one buy and one sale of a stock. My methoodology is to average in and average out and to use varying time frames. I'm constantly evaluating positions as conditions evolve.
This is a tough game and trading from a cruise ship wasn't my idea of having a great vacation nor having optimal trading tools at my disposal. Over the years I have found that the secret to success lies not so much in playing well as in not playing badly. After all, the system wasn't designed so most people could beat it.