Existing-Home Sales Fall 2.7%

Existing-Home Sales Fall 2.7%: "Home sales slowed in October as inventories continued to grow."

Consumer Confidence Soars

Consumer Confidence Soars: "Consumer confidence soared in November amid falling gasoline prices and an improving employment outlook. New-home sales surged 13% despite higher mortgage rates. Durable-goods orders rose 3.4% in October."

Durable-Goods Orders Rose 3.4%

Durable-Goods Orders Rose 3.4%: "Durable-goods orders rose 3.4% in October as higher bookings for airplanes offset a drop in orders for motor vehicles amid sagging car sales. (Full report)"

Google Bargain

I don't know if you folks are watching but its a great day to be buying GOOG!

Best reason I can find for this is :

 

"Google Inc. shares fell as much as 4% Tuesday in the face of an analyst downgrade and an "anxious" note reiterating Merrill Lynch's neutral stance, while Amazon.com Inc. gained ground after one of online shopping's heavier spending days."


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$-Box 360

Well, if you're not dead you probably know that there are very few x-box 360s in existence. They all sold out today at a price of $399 (for the premium version). Those same units are going for around $2K on eBay right now. That spells demand. Which is why I bought MSFT today at $28.00 near its 52 week high. But I am betting MSFT will hit $30 very soon. Its also a great day for those of us that own some GOOG and INTC. A very good day indeed. In addition all those nay-sayers to Natural gas and Oil have been eating their words in the past few days as the prices are showing substantial moves held back till now due to the late arrival of the winter cold. BRING!!!

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The sillyness insues

So I actually bought a 100 shares now :) and here it goes !!!
Yay!!

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NKE is go again

So it looks like they are going to land that plane just fine and I covered my short and lost about $20 in trading cost. Doh!!

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NIKE CRIKE

So I shorted NKE today since all the exec are caught up in an emergency landing right now and something very disastrous could happen any minute now. I wish them the best of luck and hope they land safely.

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4oogle

Well its finally happened, the stock I recommended most to you has broken the $400 mark and it probably will hit $450 by X-mas. But I also think that it will see $380 again.

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Great Article on Google

Google: birth of a money machine


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Kuwait Bird Tests Positive for H5N1

Kuwait Bird Tests Positive for H5N1: "A bird in Kuwait tested positive for the deadly H5N1 bird-flu strain, the first known outbreak of the virus in the Persian Gulf. Many Chinese diners are boycotting chicken. KFC is seeing weaker sales."

Dell's Profit Falls 28% Amid Charges

Dell's Profit Falls 28% Amid Charges: "Dell's net slid 28% on charges, but the PC maker clung to optimistic long-range forecasts despite a tepid outlook for the rest of 2005."

Daimler Sells Mitsubishi Stake

Daimler Sells Mitsubishi Stake: "DaimlerChrysler is selling its entire 12.4% stake in Mitsubishi Motors. The investment has been a source of friction among Daimler executives."

Let's Play PLAY

I know its been a while since my last post, but aside from being super busy the market has done nothing good to speak of. Most people have a very dismal forecast for the next few month. The recent drop in the price of oil has increased our trade deficit to a new high and the housing market has been showing signs of decline across the board resulting in lower consumer confidence. The technology sector has been taking huge hits evident from Dell computer's reported earnings down 28% from same quarter last year. Some good news did come out today though. PortalPlay (PLAY) recalled their second offering and was immediately upgraded with a target of $27. And you can be sure it will see that again. If you have been keeping up with this stock you would know that it went from $30-$20 with the news of the offering, now that the offering has been withdrawn most analyst seem to be picking it back up again and the stock show some strong moves today. I believe this stock will hit high twenties again by mid next week.

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GOOGLE DESKTOP GET EVEN BETTER

Google announced the finalized version of its Google Desktop 2 application on Thursday and outlined its new features.

Google Desktop 2, a free downloadable application, combines desktop search and the Google Sidebar, a floating tool palette that offers personalized news and other information based on a user's habits.

Dozens of new third-party Sidebar panels are now available, Google said, like iTunes, dictionary Winamp and an American Express panel to track and view credit card transactions in real time. The new software can also display maps related to the sites one visits while surfing the Net.

In addition, developers can use simple JavaScript to write plug-ins for Google Desktop 2, the company said.

Google Desktop for Enterprise, also free, now provides enhanced administration, integration and security features for corporations that want to let employees search for data on their desktop, intranet and the Web, Google said.

Google also launched a new Google Desktop Blog on Thursday.

Google faces competition in the burgeoning market for desktop search from Yahoo, Microsoft and other companies.

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White House Backs Airline Capital Rules

White House Backs Airline Capital Rules: "The White House proposed rules that would give foreign investors a potentially greater say in how U.S. airlines are run, in an effort to lure overseas capital."

Greenspan Sounds Upbeat Note

Greenspan Sounds Upbeat Note: "Greenspan sounded an upbeat note about the U.S. economy's long-term prospects, but cautioned that the inflation outlook has become more uncertain, signaling the Fed will continue to raise interest rates. (Full text)"

Merck Wins Second Vioxx Trial

Merck Wins Second Vioxx Trial: "Merck emerged unscathed from the second high-stakes trial over its Vioxx painkiller, marking a critical comeback from a big loss in the first trial and giving the drug giant momentum as it faces a wave of lawsuits related to its former blockbuster."

Amazon Plans Online Book Program

Amazon Plans Online Book Program: "Amazon plans to sell online access to books in a move that could be a publisher-friendly alternative to Google's controversial library project."

Break out the vials

For all you chemists out there, here's what Tamiflu looks like

SO GO MAKE ME SOME!!!

 

Anyway, don't rush out and buy this stuff. What most idiots out there (ehem Richard Branson) don't seem to realize is that IF this virus mutates into a form where it can commute from human to human, then Tamiflu will probably no longer work on it. So go buy all you want. Make sure that chicken is cooked through and through.

 

For more education about the bird flu look at this diagram

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Holy Cigna Batman

Did you see this?

 

CI  CIGNA CORP COM (NYSE)
$108.14    -9.41(-8.01%)

 

 

OUCH!!! Reminds me of a certain falling knife. Certainly not "Caring" about their profits.

Health insurer Cigna Corp., said Wednesday its third-quarter profit dropped 16 percent compared to a year-ago period that included higher one-time gains, but said it continued to staunch a yearslong membership decline. The company's stock tumbled 9 percent in midday trading.

 

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[From Google Reader] Dell Issues Sales, Profit Warning

I told you about this yesterday. Did you short like I told you to? Dell Issues Sales, Profit Warning Dell warned it would miss profit and revenue forecasts for the latest quarter, blaming weakness in its U.S. consumer business, excess inventories and slack U.K. sales.... Source: http://online.wsj.com/article/SB113079462143884509.html?mod=rss_whats_news_us If you no longer wish to receive message like this, please contact the sender. Try Google Reader today: http://www.google.com/reader/

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Procter & Gamble's Net Rises 4.5%

Procter & Gamble's Net Rises 4.5%: "Procter & Gamble's net rose 4.5% in its latest quarter, as robust sales of beauty, health-care and household products helped offset the impact of the Gulf Coast hurricanes."

Microsoft Creates New Online Services

We all though the Google Sun initiative was going to do this but MS beat them to it. I would look for GOOG stock to take a tiny almost unnoticeable hit from this. :)

Microsoft Creates New Online Services Microsoft unveiled new Internet initiatives, including an online version of its Office suite and a service called Windows Live that will incorporate email, blogging and instant-messaging tools.... Source: http://online.wsj.com/article/SB113087065709485392.html?mod=rss_whats_news_us If you no longer wish to receive message like this, please contact the sender. Try Google Reader today: http://www.google.com/reader/

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The last of the rules!!!

I saw this mad looking picture of Cramer and thought it would be appropriate for the last set of rules.

Today you get 5 rules for a total of 25!!!

Rule No. 21: Be a TV Critic
Accept that what you hear on television is probably right, but no more than that.  More

Rule No. 22: Wait 30 Days After Preannouncements
Preannouncements signal ongoing weakness, wait 30 days to see if anything has gotten better before you pull the trigger to buy.  More

Rule No. 23: Beware of Wall Street Hype
Never underestimate the promotion machine because analysts get behind stocks and can keep them propelled in an up direction well beyond reason.  More

Rule No. 24: Explain Your Picks
Buying stocks is a solitary event, too solitary in fact, so always make sure you can articulate your reasoning to someone else.  More

Rule No. 25: There's Always a Bull Market
It's OK if you have to work hard to find it, just don't default to what's in bear mode because you are time-constrained or intellectually lazy.  More

 

 

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This could have been you if you'd listened

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