Wednesday, December 24, 2014

MORE ON FNSR

In this blog on 11/10/14 FNSR looked attractive trading at 16.82.  On 11/17/14, then at 16.67, we expected a surge as it crossed the 50 dma; it did.  Now at 19.77, FNSR still appears poised to tackle the 200 dma at 20.53.
Holding on to our long positions.

Tuesday, December 23, 2014

DON'T FOLLOW THE MASSES

Dow at 18,000: A buy signal for retail crowd?

.http://www.cnbc.com/id/102253774

Don't be impressed by round numbers.  Concentrate on value and quality holdings.  Be ready to exit positions when euphoria reigns

Saturday, December 13, 2014

Friday, December 12, 2014

MARKET CYCLES "B-R-O"

It seems that over and over we see cycles in the stock sectors.  What is hated and out of favor today will turn around and become the honey of Wall Street.

From the lows of early October '11 financials and major banks have, in many cases,  doubled up in price.  This move has not seen the top and may continue.  An  ETF that follows the action of major banks is KBE.  Along those lines, a similar action has taken place in REIT sector.  Check out IYR.

Which areas of the stock market are bound for a turn-around?  In my opinion, I believe that in the coming months we'll continue experiencing trend reversals in "B-R-O" (banks, REIT's, and then oil).

The oil sector is at its worst in several years.  Patience in finding a base and an entry point where we can profit on the inevitable turn is the sign of a good investor.  The oil industry is followed closely by XOP, an ETF.  Several months from now I expect to see a reversal in prices for oil, stock value for oil producers, and the oil service industry.  It's a matter of time.

Monday, December 08, 2014

LQDT IS GETTING TRASHED AGAIN THIS MORNING

The only question left is: "what's next?".  Pre-market trading at 8.50, a new multi-year low, LQDT is taking a major beating for the third time in eight months.  Looked attractive in late April, wrong call, my bad.