How Did They Perform !!

Posted by Stock Online Trader in Stock Picks on 01-05-2007

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How did the stocks i recommended fair, considering the fact that today was definitely a bad day for the market. Such days, no analysis stand true. All of that goes out of the window. But these days are few and one should not make any conclusions based on it.

Longs
FSYS -0.56 (-2.62%)
HAL -0.23 (-0.79%)
IDEV +0.10 (1.48%)
IRBT -0.10 (-0.56%)
MU -0.21 (-1.52%)
SMOD -0.29 (-2.20%)
Net Loss of 6.21%

Shorts
HSOA -0.23 (-3.90%)
SLW -0.17 (-1.77%)
ORBC -0.06 (-0.63%)
WIRE -0.49 (-2.24%)
Net Profit of 8.54%

Net Gain of 2.33%

I do not recommend for beginners to short stocks. This is risky business and your brokage can force you to sell some stocks you wouldnt want to unless you have adequate money in your brokage account.

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What Happened Today In The Market…

Posted by Stock Online Trader in Market News on 01-05-2007

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What happened to the market today ? Pretty disappointing day ?

Question is why it happened ?
For starters investors would love to see the interest rates go down. Businesses thrives more with lower interest rate, but Feds showed no sign of cutting interest rates any time soon to control inflation. This lead to a panic and sell market. Add to that the previous few days the stocks were up and it will time for the shorts to jump in. Unfortunately a strong job report didnt get the nod from investors either. However with dropping oil prices, consumer confidence grows and we will soon see an upward trend. The current interest rate stands at 5.25%.

Who got hit bad ??

  • Tech stocks got hit the hardest. IBM, Intel, Dell, Oracle, Ebay, Motorola all down.
  • Gold was down too, with trading around $606 an ounce.
  • NYSE: Stocks going up v/s down was 24% v/s 74%
  • NASDAQ: Stocks going up v/s down was 30% v/s 69%
  • Positive note was that dollar improved over euros.
  • Oil trading at 56.35$
All is not lost. With alot of stocks getting cheaper, there are alot of good buys. Dont let one bad day dishearten the slaughtered ones…What goes down sooner or later goes up…
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Commodity Trading: Copper Is Down…

Posted by Stock Online Trader in Basic Material Sector, Currency, Market News on 01-05-2007

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I am not a big fan of copper and copper stocks but some of them are really worthy to own. But copper has had a rough rough ride. Copper prices reached their lowest level in 9 months thanks to resurgent dollar.

The New York Mercantile Exchange (NYMEX) is the world’s largest commodity future exchange where commodities like Gold, silver and copper is traded. Copper was trading at 2.55$ to 2.66$ down 21%. This is really bad news for copper stock owners including me. Good news is that analyst expect the downslide to stop around 2.50$ where the market will stabilize.

The problem with copper companies right now is that they have big stock pile with slowdown in demand. This surplus has become a problem. The bigger the stock pile gets along with increasing warehouse cost will only make the investors more nervous and drive the prices down.

Rule of Thumb: A stronger dollar makes dollar-denominated assets like copper more expensive for overseas investors. The euro was down nearly 0.6 percent at $1.3084 in late afternoon trade in New York.

Conclusion: For now, stay away from commodity stocks. My personal favorite is TGB and it got slaughtered. TGB has EPS of 0.22 and decently priced P/E of 10.62. They posted solid earnings this qtr. Nonetheless it wasnt enough to catch all the big boys attention.

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