Category Archives: Speculations

Home builders continue their uptrend

It’s often true that stocks trade 9 to 12 months ahead of their fundamentals. The home builder stocks are showing signs of bottoming. Does that mean that the U.S. housing market is stablizing?

I’ve found that the housing stocks trade in tandem. Let’s take a look at some of their charts. The trend sure looks great.

Home builders

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I’m going to meet Warren Buffett and Charlie Munger!

Warren BuffetCNBC had a special program on Warren Buffett yesterday. It was just an hour long of great entertainment as well as education. Among other things, the program talked about the annual shareholder meeting of Berkshire Hathaway. It showed how enthusiastic people were attending the meeting. It reminded me how I’ve always wanted to go to a Berkshire Hathaway shareholder meeting and that I never had the time to go(or I made up an excuse for not going).

Charlie MungerI’ve always admired Warren Buffett and Charlie Munger. Not only they have great business sense, that they can make the most complicated things look so simple, they also have high ethics and integrity. I decided that I did not want to put off meeting these two giants anymore and so Continue reading

Starbucks took a beating with a reverse head-and-shoulder

Starbucks the stock took a beating today. It’s trading down 6% after a “lackluster” earnings report. I continue to like the stock and here’s why.

Technically, the stock is forming a giant reverse head-and-shoulder with a major resistance at $40. I didn’t expect the stock to blow past the resistance as soon as today. If the width of the right shoulder is going to be about the same as the width of the left shoulder, it’ll probably be another month before we have a breakout above $40, that is if we do get a breakout.

sbux-11-17-06


Fundamentally, Continue reading

Options trading ideas

This was originally posted on August 22, 2006:

My friend Keith has launched his Tipping Monkey website on options trading. He has devised an algorithm to scan for opportunities daily. If you’re into options trading, you might want to check out the website and use the tips as one of your starting points. The site address is http://www.tippingmonkey.com/ and is currently in alpha. I heard more features are in the work. Oh, while you’re there, don’t forget to click on an ad or two to provide some support

As always, we’re responsible for our own trades. Be careful in the stock market.


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