PORTFOLIO UPDATE
During the trading day, I tweeted the following: The research report on PXLW is available here. PXLW and WMIH are the two largest positions in the portfolio. ATNY and SPNS round out the foursome. I'm roughly 75% invested, with the remaining 25% in cash. I would like to find an area to allocate those funds to over the next several days. I will update via Twitter and on this forum once I...
THE POWER OF GENERATIONAL TRAJECTORY POINTS: STARRING THE DOW
The generational trajectory points from the 1930s Great Depression era are causing havoc in the Dow. In fact, these trajectory points (pictured in the chart below) have been causing havoc since the recovery off the 2009 lows. The power of these generational trajectory points is clearly demonstrated here. As is the importance of a break above 13,500. A break that will usher in a brand new bull market lasting for years to come. Here is the chart: click chart to...
FACEBOOK IS THE NEXT YAHOO AND THAT MAKES IT VERY BULLISH
In the chart below you will see a comparison between the YHOO IPO in its first 53 days and the FB IPO 53 days in. If the similarities in price movement weren't enough, I present you with this article from the day of the IPO that tells of YHOO hitting a high of 43 on that day before closing at 33. FB, as we know, hit a high of 45 on the day of its ipo. Here is the article from 1996 http://news.cnet.com/2100-1033-209413.html Also notice in the article how comparisons are made to other struggling IPOs in the internet space, such as Lycos and Excite. Very similar to the general dismal feeling surrounding social media stocks. Just as the internet was several years old then, social media today is an industry that is only several years old. The similarities go on and on. I wish I had access to article from a few months after the YHOO IPO showing how dismal the sentiment had become towards it. Unfortunately, I haven't been able to locate them. The sentiment is surely similar to what we are experiencing with FB currently. Here is the chart showing the price comparison: click chart to...