June 2005 Archives

Watchlist for June 30, 2005

Potential swing trades:

Longs - None until August

Shorts - None until August

Potential day trades:

Recent Links

Fortune Magazine on Decision Making

| 1 TrackBack

There's a section on how to make great decisions in the June 27th Fortune magazine. One of the people they interviewed is a derivatives trader. Here's a portion of what he had to say:

I supervise about 23 people, and we can trade $1 billion a day. My goal is to make money 52% of the time. I can make the right call half the time by flipping a coin; a good trader does a little better. Successful traders don't spend much time regretting decisions or going back over things. If a decision turned out to be wrong, so what? Move on. So when you have to make a quick decision and you know that there's a good chance it will be wrong—the worst thing you can possibly do is sit there and panic and hope. You have to be decisive—go on and do it. When I see somebody go into panic mode, I tell them, "Get off the desk. Go for a workout, or go sit in the park for an hour."

Watchlist for June 29, 2005

| 2 Comments

Potential swing trades:

Longs - None until August

Shorts - None until August

Potential day trades:

Chart Request: CB Richard Ellis Group (CBG)

| 1 Comment

Andy wrote in about CBG:

How about a chart read on CBG, CB Richard Ellis. I got in last Wed.(6-22) @40.36. Any thoughts??

Chart Request: Beckman Coulter (BEC)

Kevin told me all I needed to know about BEC in his email:

I was scanning for hammers over the weekend, and BEC hit my radar. I put it on the watchlist today and it didn't make a move. What do you think of a position trade in this stock, it looks oversold, but it's also under its 20,50, and 200 MAs. Your thoughts?

Although I love candlesticks, and especially hammers, I always take the prevailing trend into account first. As soon as I see that any stock is under the moving average that's appropriate for my time frame I say "next!" if I'm looking to go long.

Chart Request: Adobe Systems (ADBE)

| 2 Comments

Here's a chart of ADBE for Mark:

Morning Star on the Nasdaq

| 5 Comments | 1 TrackBack

You won't see many better looking morning star patterns than this:

Watchlist for June 28, 2005

Potential swing trades:

Longs - I probably won't post any swing picks until late July -- after the heart of earnings season

Shorts - None

Potential day trades:

CNBC's 'The eBay Effect' Documentary

| 2 Comments

David Faber's latest documentary, "The eBay Effect - Inside a Worldwide Obsession" airs on CNBC tomorrow at 8 and 11 PM Eastern time:
"The eBay Effect - Inside a Worldwide Obsession" is the latest production from the Peabody Award winning CNBC Documentary team and reporter David Faber. It's an unprecedented look at the eBay you don't know, with exclusive, behind-the-scenes access to the world's leading online commerce site.

An estimated 1.8 billion items, worth approximately $40 billion, are expected to be traded this year on this global electronic marketplace. If eBay employed the 430,000 people who earn an income selling on its site, it would be the nation's number two private sector employer. How did this company, just shy of its 10th birthday, change the fortunes of so many?

On the flip side, "The eBay Effect" also examines why some former users feel betrayed and have deserted the popular auction site. Faber delves into claims of fraud and outrage over fee increases and other controversies surrounding this juggernaut.

"The eBay Effect - Inside a Worldwide Obsession" premieres Wednesday, June 29th at 8 and 11 pm Eastern on CNBC.

Watchlist for June 27, 2005

Potential swing trades:

Longs - None

Shorts - None

Potential day trades:

Watchlist for June 30, 2005

Potential swing trades:

Longs - None until August

Shorts - None until August

Potential day trades:

Recent Links

Fortune Magazine on Decision Making

| 1 TrackBack

There's a section on how to make great decisions in the June 27th Fortune magazine. One of the people they interviewed is a derivatives trader. Here's a portion of what he had to say:

I supervise about 23 people, and we can trade $1 billion a day. My goal is to make money 52% of the time. I can make the right call half the time by flipping a coin; a good trader does a little better. Successful traders don't spend much time regretting decisions or going back over things. If a decision turned out to be wrong, so what? Move on. So when you have to make a quick decision and you know that there's a good chance it will be wrong—the worst thing you can possibly do is sit there and panic and hope. You have to be decisive—go on and do it. When I see somebody go into panic mode, I tell them, "Get off the desk. Go for a workout, or go sit in the park for an hour."

Watchlist for June 29, 2005

| 2 Comments

Potential swing trades:

Longs - None until August

Shorts - None until August

Potential day trades:

Chart Request: CB Richard Ellis Group (CBG)

| 1 Comment

Andy wrote in about CBG:

How about a chart read on CBG, CB Richard Ellis. I got in last Wed.(6-22) @40.36. Any thoughts??

Chart Request: Beckman Coulter (BEC)

Kevin told me all I needed to know about BEC in his email:

I was scanning for hammers over the weekend, and BEC hit my radar. I put it on the watchlist today and it didn't make a move. What do you think of a position trade in this stock, it looks oversold, but it's also under its 20,50, and 200 MAs. Your thoughts?

Although I love candlesticks, and especially hammers, I always take the prevailing trend into account first. As soon as I see that any stock is under the moving average that's appropriate for my time frame I say "next!" if I'm looking to go long.

Chart Request: Adobe Systems (ADBE)

| 2 Comments

Here's a chart of ADBE for Mark:

Morning Star on the Nasdaq

| 5 Comments | 1 TrackBack

You won't see many better looking morning star patterns than this:

Watchlist for June 28, 2005

Potential swing trades:

Longs - I probably won't post any swing picks until late July -- after the heart of earnings season

Shorts - None

Potential day trades:

CNBC's 'The eBay Effect' Documentary

| 2 Comments

David Faber's latest documentary, "The eBay Effect - Inside a Worldwide Obsession" airs on CNBC tomorrow at 8 and 11 PM Eastern time:
"The eBay Effect - Inside a Worldwide Obsession" is the latest production from the Peabody Award winning CNBC Documentary team and reporter David Faber. It's an unprecedented look at the eBay you don't know, with exclusive, behind-the-scenes access to the world's leading online commerce site.

An estimated 1.8 billion items, worth approximately $40 billion, are expected to be traded this year on this global electronic marketplace. If eBay employed the 430,000 people who earn an income selling on its site, it would be the nation's number two private sector employer. How did this company, just shy of its 10th birthday, change the fortunes of so many?

On the flip side, "The eBay Effect" also examines why some former users feel betrayed and have deserted the popular auction site. Faber delves into claims of fraud and outrage over fee increases and other controversies surrounding this juggernaut.

"The eBay Effect - Inside a Worldwide Obsession" premieres Wednesday, June 29th at 8 and 11 pm Eastern on CNBC.

Watchlist for June 27, 2005

Potential swing trades:

Longs - None

Shorts - None

Potential day trades:

Watchlist for June 30, 2005

Potential swing trades:

Longs - None until August

Shorts - None until August

Potential day trades:

Recent Links

Fortune Magazine on Decision Making

| 1 TrackBack

There's a section on how to make great decisions in the June 27th Fortune magazine. One of the people they interviewed is a derivatives trader. Here's a portion of what he had to say:

I supervise about 23 people, and we can trade $1 billion a day. My goal is to make money 52% of the time. I can make the right call half the time by flipping a coin; a good trader does a little better. Successful traders don't spend much time regretting decisions or going back over things. If a decision turned out to be wrong, so what? Move on. So when you have to make a quick decision and you know that there's a good chance it will be wrong—the worst thing you can possibly do is sit there and panic and hope. You have to be decisive—go on and do it. When I see somebody go into panic mode, I tell them, "Get off the desk. Go for a workout, or go sit in the park for an hour."

Watchlist for June 29, 2005

| 2 Comments

Potential swing trades:

Longs - None until August

Shorts - None until August

Potential day trades:

Chart Request: CB Richard Ellis Group (CBG)

| 1 Comment

Andy wrote in about CBG:

How about a chart read on CBG, CB Richard Ellis. I got in last Wed.(6-22) @40.36. Any thoughts??

Chart Request: Beckman Coulter (BEC)

Kevin told me all I needed to know about BEC in his email:

I was scanning for hammers over the weekend, and BEC hit my radar. I put it on the watchlist today and it didn't make a move. What do you think of a position trade in this stock, it looks oversold, but it's also under its 20,50, and 200 MAs. Your thoughts?

Although I love candlesticks, and especially hammers, I always take the prevailing trend into account first. As soon as I see that any stock is under the moving average that's appropriate for my time frame I say "next!" if I'm looking to go long.

Chart Request: Adobe Systems (ADBE)

| 2 Comments

Here's a chart of ADBE for Mark:

Morning Star on the Nasdaq

| 5 Comments | 1 TrackBack

You won't see many better looking morning star patterns than this:

Watchlist for June 28, 2005

Potential swing trades:

Longs - I probably won't post any swing picks until late July -- after the heart of earnings season

Shorts - None

Potential day trades:

CNBC's 'The eBay Effect' Documentary

| 2 Comments

David Faber's latest documentary, "The eBay Effect - Inside a Worldwide Obsession" airs on CNBC tomorrow at 8 and 11 PM Eastern time:
"The eBay Effect - Inside a Worldwide Obsession" is the latest production from the Peabody Award winning CNBC Documentary team and reporter David Faber. It's an unprecedented look at the eBay you don't know, with exclusive, behind-the-scenes access to the world's leading online commerce site.

An estimated 1.8 billion items, worth approximately $40 billion, are expected to be traded this year on this global electronic marketplace. If eBay employed the 430,000 people who earn an income selling on its site, it would be the nation's number two private sector employer. How did this company, just shy of its 10th birthday, change the fortunes of so many?

On the flip side, "The eBay Effect" also examines why some former users feel betrayed and have deserted the popular auction site. Faber delves into claims of fraud and outrage over fee increases and other controversies surrounding this juggernaut.

"The eBay Effect - Inside a Worldwide Obsession" premieres Wednesday, June 29th at 8 and 11 pm Eastern on CNBC.

Watchlist for June 27, 2005

Potential swing trades:

Longs - None

Shorts - None

Potential day trades:

Watchlist for June 30, 2005

Potential swing trades:

Longs - None until August

Shorts - None until August

Potential day trades:

Recent Links

Fortune Magazine on Decision Making

| 1 TrackBack

There's a section on how to make great decisions in the June 27th Fortune magazine. One of the people they interviewed is a derivatives trader. Here's a portion of what he had to say:

I supervise about 23 people, and we can trade $1 billion a day. My goal is to make money 52% of the time. I can make the right call half the time by flipping a coin; a good trader does a little better. Successful traders don't spend much time regretting decisions or going back over things. If a decision turned out to be wrong, so what? Move on. So when you have to make a quick decision and you know that there's a good chance it will be wrong—the worst thing you can possibly do is sit there and panic and hope. You have to be decisive—go on and do it. When I see somebody go into panic mode, I tell them, "Get off the desk. Go for a workout, or go sit in the park for an hour."

Watchlist for June 29, 2005

| 2 Comments

Potential swing trades:

Longs - None until August

Shorts - None until August

Potential day trades:

Chart Request: CB Richard Ellis Group (CBG)

| 1 Comment

Andy wrote in about CBG:

How about a chart read on CBG, CB Richard Ellis. I got in last Wed.(6-22) @40.36. Any thoughts??

Chart Request: Beckman Coulter (BEC)

Kevin told me all I needed to know about BEC in his email:

I was scanning for hammers over the weekend, and BEC hit my radar. I put it on the watchlist today and it didn't make a move. What do you think of a position trade in this stock, it looks oversold, but it's also under its 20,50, and 200 MAs. Your thoughts?

Although I love candlesticks, and especially hammers, I always take the prevailing trend into account first. As soon as I see that any stock is under the moving average that's appropriate for my time frame I say "next!" if I'm looking to go long.

Chart Request: Adobe Systems (ADBE)

| 2 Comments

Here's a chart of ADBE for Mark:

Morning Star on the Nasdaq

| 5 Comments | 1 TrackBack

You won't see many better looking morning star patterns than this:

Watchlist for June 28, 2005

Potential swing trades:

Longs - I probably won't post any swing picks until late July -- after the heart of earnings season

Shorts - None

Potential day trades:

CNBC's 'The eBay Effect' Documentary

| 2 Comments

David Faber's latest documentary, "The eBay Effect - Inside a Worldwide Obsession" airs on CNBC tomorrow at 8 and 11 PM Eastern time:
"The eBay Effect - Inside a Worldwide Obsession" is the latest production from the Peabody Award winning CNBC Documentary team and reporter David Faber. It's an unprecedented look at the eBay you don't know, with exclusive, behind-the-scenes access to the world's leading online commerce site.

An estimated 1.8 billion items, worth approximately $40 billion, are expected to be traded this year on this global electronic marketplace. If eBay employed the 430,000 people who earn an income selling on its site, it would be the nation's number two private sector employer. How did this company, just shy of its 10th birthday, change the fortunes of so many?

On the flip side, "The eBay Effect" also examines why some former users feel betrayed and have deserted the popular auction site. Faber delves into claims of fraud and outrage over fee increases and other controversies surrounding this juggernaut.

"The eBay Effect - Inside a Worldwide Obsession" premieres Wednesday, June 29th at 8 and 11 pm Eastern on CNBC.

Watchlist for June 27, 2005

Potential swing trades:

Longs - None

Shorts - None

Potential day trades:

Watchlist for June 30, 2005

Potential swing trades:

Longs - None until August

Shorts - None until August

Potential day trades:

Recent Links

Fortune Magazine on Decision Making

| 1 TrackBack

There's a section on how to make great decisions in the June 27th Fortune magazine. One of the people they interviewed is a derivatives trader. Here's a portion of what he had to say:

I supervise about 23 people, and we can trade $1 billion a day. My goal is to make money 52% of the time. I can make the right call half the time by flipping a coin; a good trader does a little better. Successful traders don't spend much time regretting decisions or going back over things. If a decision turned out to be wrong, so what? Move on. So when you have to make a quick decision and you know that there's a good chance it will be wrong—the worst thing you can possibly do is sit there and panic and hope. You have to be decisive—go on and do it. When I see somebody go into panic mode, I tell them, "Get off the desk. Go for a workout, or go sit in the park for an hour."

Watchlist for June 29, 2005

| 2 Comments

Potential swing trades:

Longs - None until August

Shorts - None until August

Potential day trades:

Chart Request: CB Richard Ellis Group (CBG)

| 1 Comment

Andy wrote in about CBG:

How about a chart read on CBG, CB Richard Ellis. I got in last Wed.(6-22) @40.36. Any thoughts??

Chart Request: Beckman Coulter (BEC)

Kevin told me all I needed to know about BEC in his email:

I was scanning for hammers over the weekend, and BEC hit my radar. I put it on the watchlist today and it didn't make a move. What do you think of a position trade in this stock, it looks oversold, but it's also under its 20,50, and 200 MAs. Your thoughts?

Although I love candlesticks, and especially hammers, I always take the prevailing trend into account first. As soon as I see that any stock is under the moving average that's appropriate for my time frame I say "next!" if I'm looking to go long.

Chart Request: Adobe Systems (ADBE)

| 2 Comments

Here's a chart of ADBE for Mark:

Morning Star on the Nasdaq

| 5 Comments | 1 TrackBack

You won't see many better looking morning star patterns than this:

Watchlist for June 28, 2005

Potential swing trades:

Longs - I probably won't post any swing picks until late July -- after the heart of earnings season

Shorts - None

Potential day trades:

CNBC's 'The eBay Effect' Documentary

| 2 Comments

David Faber's latest documentary, "The eBay Effect - Inside a Worldwide Obsession" airs on CNBC tomorrow at 8 and 11 PM Eastern time:
"The eBay Effect - Inside a Worldwide Obsession" is the latest production from the Peabody Award winning CNBC Documentary team and reporter David Faber. It's an unprecedented look at the eBay you don't know, with exclusive, behind-the-scenes access to the world's leading online commerce site.

An estimated 1.8 billion items, worth approximately $40 billion, are expected to be traded this year on this global electronic marketplace. If eBay employed the 430,000 people who earn an income selling on its site, it would be the nation's number two private sector employer. How did this company, just shy of its 10th birthday, change the fortunes of so many?

On the flip side, "The eBay Effect" also examines why some former users feel betrayed and have deserted the popular auction site. Faber delves into claims of fraud and outrage over fee increases and other controversies surrounding this juggernaut.

"The eBay Effect - Inside a Worldwide Obsession" premieres Wednesday, June 29th at 8 and 11 pm Eastern on CNBC.

Watchlist for June 27, 2005

Potential swing trades:

Longs - None

Shorts - None

Potential day trades:

Watchlist for June 30, 2005

Potential swing trades:

Longs - None until August

Shorts - None until August

Potential day trades:

Recent Links

Fortune Magazine on Decision Making

| 1 TrackBack

There's a section on how to make great decisions in the June 27th Fortune magazine. One of the people they interviewed is a derivatives trader. Here's a portion of what he had to say:

I supervise about 23 people, and we can trade $1 billion a day. My goal is to make money 52% of the time. I can make the right call half the time by flipping a coin; a good trader does a little better. Successful traders don't spend much time regretting decisions or going back over things. If a decision turned out to be wrong, so what? Move on. So when you have to make a quick decision and you know that there's a good chance it will be wrong—the worst thing you can possibly do is sit there and panic and hope. You have to be decisive—go on and do it. When I see somebody go into panic mode, I tell them, "Get off the desk. Go for a workout, or go sit in the park for an hour."

Watchlist for June 29, 2005

| 2 Comments

Potential swing trades:

Longs - None until August

Shorts - None until August

Potential day trades:

Chart Request: CB Richard Ellis Group (CBG)

| 1 Comment

Andy wrote in about CBG:

How about a chart read on CBG, CB Richard Ellis. I got in last Wed.(6-22) @40.36. Any thoughts??

Chart Request: Beckman Coulter (BEC)

Kevin told me all I needed to know about BEC in his email:

I was scanning for hammers over the weekend, and BEC hit my radar. I put it on the watchlist today and it didn't make a move. What do you think of a position trade in this stock, it looks oversold, but it's also under its 20,50, and 200 MAs. Your thoughts?

Although I love candlesticks, and especially hammers, I always take the prevailing trend into account first. As soon as I see that any stock is under the moving average that's appropriate for my time frame I say "next!" if I'm looking to go long.

Chart Request: Adobe Systems (ADBE)

| 2 Comments

Here's a chart of ADBE for Mark:

Morning Star on the Nasdaq

| 5 Comments | 1 TrackBack

You won't see many better looking morning star patterns than this:

Watchlist for June 28, 2005

Potential swing trades:

Longs - I probably won't post any swing picks until late July -- after the heart of earnings season

Shorts - None

Potential day trades:

CNBC's 'The eBay Effect' Documentary

| 2 Comments

David Faber's latest documentary, "The eBay Effect - Inside a Worldwide Obsession" airs on CNBC tomorrow at 8 and 11 PM Eastern time:
"The eBay Effect - Inside a Worldwide Obsession" is the latest production from the Peabody Award winning CNBC Documentary team and reporter David Faber. It's an unprecedented look at the eBay you don't know, with exclusive, behind-the-scenes access to the world's leading online commerce site.

An estimated 1.8 billion items, worth approximately $40 billion, are expected to be traded this year on this global electronic marketplace. If eBay employed the 430,000 people who earn an income selling on its site, it would be the nation's number two private sector employer. How did this company, just shy of its 10th birthday, change the fortunes of so many?

On the flip side, "The eBay Effect" also examines why some former users feel betrayed and have deserted the popular auction site. Faber delves into claims of fraud and outrage over fee increases and other controversies surrounding this juggernaut.

"The eBay Effect - Inside a Worldwide Obsession" premieres Wednesday, June 29th at 8 and 11 pm Eastern on CNBC.

Watchlist for June 27, 2005

Potential swing trades:

Longs - None

Shorts - None

Potential day trades:

Watchlist for June 30, 2005

Potential swing trades:

Longs - None until August

Shorts - None until August

Potential day trades:

Recent Links

Fortune Magazine on Decision Making

| 1 TrackBack

There's a section on how to make great decisions in the June 27th Fortune magazine. One of the people they interviewed is a derivatives trader. Here's a portion of what he had to say:

I supervise about 23 people, and we can trade $1 billion a day. My goal is to make money 52% of the time. I can make the right call half the time by flipping a coin; a good trader does a little better. Successful traders don't spend much time regretting decisions or going back over things. If a decision turned out to be wrong, so what? Move on. So when you have to make a quick decision and you know that there's a good chance it will be wrong—the worst thing you can possibly do is sit there and panic and hope. You have to be decisive—go on and do it. When I see somebody go into panic mode, I tell them, "Get off the desk. Go for a workout, or go sit in the park for an hour."

Watchlist for June 29, 2005

| 2 Comments

Potential swing trades:

Longs - None until August

Shorts - None until August

Potential day trades:

Chart Request: CB Richard Ellis Group (CBG)

| 1 Comment

Andy wrote in about CBG:

How about a chart read on CBG, CB Richard Ellis. I got in last Wed.(6-22) @40.36. Any thoughts??

Chart Request: Beckman Coulter (BEC)

Kevin told me all I needed to know about BEC in his email:

I was scanning for hammers over the weekend, and BEC hit my radar. I put it on the watchlist today and it didn't make a move. What do you think of a position trade in this stock, it looks oversold, but it's also under its 20,50, and 200 MAs. Your thoughts?

Although I love candlesticks, and especially hammers, I always take the prevailing trend into account first. As soon as I see that any stock is under the moving average that's appropriate for my time frame I say "next!" if I'm looking to go long.

Chart Request: Adobe Systems (ADBE)

| 2 Comments

Here's a chart of ADBE for Mark:

Morning Star on the Nasdaq

| 5 Comments | 1 TrackBack

You won't see many better looking morning star patterns than this:

Watchlist for June 28, 2005

Potential swing trades:

Longs - I probably won't post any swing picks until late July -- after the heart of earnings season

Shorts - None

Potential day trades:

CNBC's 'The eBay Effect' Documentary

| 2 Comments

David Faber's latest documentary, "The eBay Effect - Inside a Worldwide Obsession" airs on CNBC tomorrow at 8 and 11 PM Eastern time:
"The eBay Effect - Inside a Worldwide Obsession" is the latest production from the Peabody Award winning CNBC Documentary team and reporter David Faber. It's an unprecedented look at the eBay you don't know, with exclusive, behind-the-scenes access to the world's leading online commerce site.

An estimated 1.8 billion items, worth approximately $40 billion, are expected to be traded this year on this global electronic marketplace. If eBay employed the 430,000 people who earn an income selling on its site, it would be the nation's number two private sector employer. How did this company, just shy of its 10th birthday, change the fortunes of so many?

On the flip side, "The eBay Effect" also examines why some former users feel betrayed and have deserted the popular auction site. Faber delves into claims of fraud and outrage over fee increases and other controversies surrounding this juggernaut.

"The eBay Effect - Inside a Worldwide Obsession" premieres Wednesday, June 29th at 8 and 11 pm Eastern on CNBC.

Watchlist for June 27, 2005

Potential swing trades:

Longs - None

Shorts - None

Potential day trades:

Watchlist for June 30, 2005

Potential swing trades:

Longs - None until August

Shorts - None until August

Potential day trades:

Recent Links

Fortune Magazine on Decision Making

| 1 TrackBack

There's a section on how to make great decisions in the June 27th Fortune magazine. One of the people they interviewed is a derivatives trader. Here's a portion of what he had to say:

I supervise about 23 people, and we can trade $1 billion a day. My goal is to make money 52% of the time. I can make the right call half the time by flipping a coin; a good trader does a little better. Successful traders don't spend much time regretting decisions or going back over things. If a decision turned out to be wrong, so what? Move on. So when you have to make a quick decision and you know that there's a good chance it will be wrong—the worst thing you can possibly do is sit there and panic and hope. You have to be decisive—go on and do it. When I see somebody go into panic mode, I tell them, "Get off the desk. Go for a workout, or go sit in the park for an hour."

Watchlist for June 29, 2005

| 2 Comments

Potential swing trades:

Longs - None until August

Shorts - None until August

Potential day trades:

Chart Request: CB Richard Ellis Group (CBG)

| 1 Comment

Andy wrote in about CBG:

How about a chart read on CBG, CB Richard Ellis. I got in last Wed.(6-22) @40.36. Any thoughts??

Chart Request: Beckman Coulter (BEC)

Kevin told me all I needed to know about BEC in his email:

I was scanning for hammers over the weekend, and BEC hit my radar. I put it on the watchlist today and it didn't make a move. What do you think of a position trade in this stock, it looks oversold, but it's also under its 20,50, and 200 MAs. Your thoughts?

Although I love candlesticks, and especially hammers, I always take the prevailing trend into account first. As soon as I see that any stock is under the moving average that's appropriate for my time frame I say "next!" if I'm looking to go long.

Chart Request: Adobe Systems (ADBE)

| 2 Comments

Here's a chart of ADBE for Mark:

Morning Star on the Nasdaq

| 5 Comments | 1 TrackBack

You won't see many better looking morning star patterns than this:

Watchlist for June 28, 2005

Potential swing trades:

Longs - I probably won't post any swing picks until late July -- after the heart of earnings season

Shorts - None

Potential day trades:

CNBC's 'The eBay Effect' Documentary

| 2 Comments

David Faber's latest documentary, "The eBay Effect - Inside a Worldwide Obsession" airs on CNBC tomorrow at 8 and 11 PM Eastern time:
"The eBay Effect - Inside a Worldwide Obsession" is the latest production from the Peabody Award winning CNBC Documentary team and reporter David Faber. It's an unprecedented look at the eBay you don't know, with exclusive, behind-the-scenes access to the world's leading online commerce site.

An estimated 1.8 billion items, worth approximately $40 billion, are expected to be traded this year on this global electronic marketplace. If eBay employed the 430,000 people who earn an income selling on its site, it would be the nation's number two private sector employer. How did this company, just shy of its 10th birthday, change the fortunes of so many?

On the flip side, "The eBay Effect" also examines why some former users feel betrayed and have deserted the popular auction site. Faber delves into claims of fraud and outrage over fee increases and other controversies surrounding this juggernaut.

"The eBay Effect - Inside a Worldwide Obsession" premieres Wednesday, June 29th at 8 and 11 pm Eastern on CNBC.

Watchlist for June 27, 2005

Potential swing trades:

Longs - None

Shorts - None

Potential day trades:

Watchlist for June 30, 2005

Potential swing trades:

Longs - None until August

Shorts - None until August

Potential day trades:

Recent Links

Fortune Magazine on Decision Making

| 1 TrackBack

There's a section on how to make great decisions in the June 27th Fortune magazine. One of the people they interviewed is a derivatives trader. Here's a portion of what he had to say:

I supervise about 23 people, and we can trade $1 billion a day. My goal is to make money 52% of the time. I can make the right call half the time by flipping a coin; a good trader does a little better. Successful traders don't spend much time regretting decisions or going back over things. If a decision turned out to be wrong, so what? Move on. So when you have to make a quick decision and you know that there's a good chance it will be wrong—the worst thing you can possibly do is sit there and panic and hope. You have to be decisive—go on and do it. When I see somebody go into panic mode, I tell them, "Get off the desk. Go for a workout, or go sit in the park for an hour."

Watchlist for June 29, 2005

| 2 Comments

Potential swing trades:

Longs - None until August

Shorts - None until August

Potential day trades:

Chart Request: CB Richard Ellis Group (CBG)

| 1 Comment

Andy wrote in about CBG:

How about a chart read on CBG, CB Richard Ellis. I got in last Wed.(6-22) @40.36. Any thoughts??

Chart Request: Beckman Coulter (BEC)

Kevin told me all I needed to know about BEC in his email:

I was scanning for hammers over the weekend, and BEC hit my radar. I put it on the watchlist today and it didn't make a move. What do you think of a position trade in this stock, it looks oversold, but it's also under its 20,50, and 200 MAs. Your thoughts?

Although I love candlesticks, and especially hammers, I always take the prevailing trend into account first. As soon as I see that any stock is under the moving average that's appropriate for my time frame I say "next!" if I'm looking to go long.

Chart Request: Adobe Systems (ADBE)

| 2 Comments

Here's a chart of ADBE for Mark:

Morning Star on the Nasdaq

| 5 Comments | 1 TrackBack

You won't see many better looking morning star patterns than this:

Watchlist for June 28, 2005

Potential swing trades:

Longs - I probably won't post any swing picks until late July -- after the heart of earnings season

Shorts - None

Potential day trades:

CNBC's 'The eBay Effect' Documentary

| 2 Comments

David Faber's latest documentary, "The eBay Effect - Inside a Worldwide Obsession" airs on CNBC tomorrow at 8 and 11 PM Eastern time:
"The eBay Effect - Inside a Worldwide Obsession" is the latest production from the Peabody Award winning CNBC Documentary team and reporter David Faber. It's an unprecedented look at the eBay you don't know, with exclusive, behind-the-scenes access to the world's leading online commerce site.

An estimated 1.8 billion items, worth approximately $40 billion, are expected to be traded this year on this global electronic marketplace. If eBay employed the 430,000 people who earn an income selling on its site, it would be the nation's number two private sector employer. How did this company, just shy of its 10th birthday, change the fortunes of so many?

On the flip side, "The eBay Effect" also examines why some former users feel betrayed and have deserted the popular auction site. Faber delves into claims of fraud and outrage over fee increases and other controversies surrounding this juggernaut.

"The eBay Effect - Inside a Worldwide Obsession" premieres Wednesday, June 29th at 8 and 11 pm Eastern on CNBC.

Watchlist for June 27, 2005

Potential swing trades:

Longs - None

Shorts - None

Potential day trades:

Watchlist for June 30, 2005

Potential swing trades:

Longs - None until August

Shorts - None until August

Potential day trades:

Recent Links

Fortune Magazine on Decision Making

| 1 TrackBack

There's a section on how to make great decisions in the June 27th Fortune magazine. One of the people they interviewed is a derivatives trader. Here's a portion of what he had to say:

I supervise about 23 people, and we can trade $1 billion a day. My goal is to make money 52% of the time. I can make the right call half the time by flipping a coin; a good trader does a little better. Successful traders don't spend much time regretting decisions or going back over things. If a decision turned out to be wrong, so what? Move on. So when you have to make a quick decision and you know that there's a good chance it will be wrong—the worst thing you can possibly do is sit there and panic and hope. You have to be decisive—go on and do it. When I see somebody go into panic mode, I tell them, "Get off the desk. Go for a workout, or go sit in the park for an hour."

Watchlist for June 29, 2005

| 2 Comments

Potential swing trades:

Longs - None until August

Shorts - None until August

Potential day trades:

Chart Request: CB Richard Ellis Group (CBG)

| 1 Comment

Andy wrote in about CBG:

How about a chart read on CBG, CB Richard Ellis. I got in last Wed.(6-22) @40.36. Any thoughts??

Chart Request: Beckman Coulter (BEC)

Kevin told me all I needed to know about BEC in his email:

I was scanning for hammers over the weekend, and BEC hit my radar. I put it on the watchlist today and it didn't make a move. What do you think of a position trade in this stock, it looks oversold, but it's also under its 20,50, and 200 MAs. Your thoughts?

Although I love candlesticks, and especially hammers, I always take the prevailing trend into account first. As soon as I see that any stock is under the moving average that's appropriate for my time frame I say "next!" if I'm looking to go long.

Chart Request: Adobe Systems (ADBE)

| 2 Comments

Here's a chart of ADBE for Mark:

Morning Star on the Nasdaq

| 5 Comments | 1 TrackBack

You won't see many better looking morning star patterns than this:

Watchlist for June 28, 2005

Potential swing trades:

Longs - I probably won't post any swing picks until late July -- after the heart of earnings season

Shorts - None

Potential day trades:

CNBC's 'The eBay Effect' Documentary

| 2 Comments

David Faber's latest documentary, "The eBay Effect - Inside a Worldwide Obsession" airs on CNBC tomorrow at 8 and 11 PM Eastern time:
"The eBay Effect - Inside a Worldwide Obsession" is the latest production from the Peabody Award winning CNBC Documentary team and reporter David Faber. It's an unprecedented look at the eBay you don't know, with exclusive, behind-the-scenes access to the world's leading online commerce site.

An estimated 1.8 billion items, worth approximately $40 billion, are expected to be traded this year on this global electronic marketplace. If eBay employed the 430,000 people who earn an income selling on its site, it would be the nation's number two private sector employer. How did this company, just shy of its 10th birthday, change the fortunes of so many?

On the flip side, "The eBay Effect" also examines why some former users feel betrayed and have deserted the popular auction site. Faber delves into claims of fraud and outrage over fee increases and other controversies surrounding this juggernaut.

"The eBay Effect - Inside a Worldwide Obsession" premieres Wednesday, June 29th at 8 and 11 pm Eastern on CNBC.

Watchlist for June 27, 2005

Potential swing trades:

Longs - None

Shorts - None

Potential day trades:

Watchlist for June 30, 2005

Potential swing trades:

Longs - None until August

Shorts - None until August

Potential day trades:

Recent Links

Fortune Magazine on Decision Making

| 1 TrackBack

There's a section on how to make great decisions in the June 27th Fortune magazine. One of the people they interviewed is a derivatives trader. Here's a portion of what he had to say:

I supervise about 23 people, and we can trade $1 billion a day. My goal is to make money 52% of the time. I can make the right call half the time by flipping a coin; a good trader does a little better. Successful traders don't spend much time regretting decisions or going back over things. If a decision turned out to be wrong, so what? Move on. So when you have to make a quick decision and you know that there's a good chance it will be wrong—the worst thing you can possibly do is sit there and panic and hope. You have to be decisive—go on and do it. When I see somebody go into panic mode, I tell them, "Get off the desk. Go for a workout, or go sit in the park for an hour."

Watchlist for June 29, 2005

| 2 Comments

Potential swing trades:

Longs - None until August

Shorts - None until August

Potential day trades:

Chart Request: CB Richard Ellis Group (CBG)

| 1 Comment

Andy wrote in about CBG:

How about a chart read on CBG, CB Richard Ellis. I got in last Wed.(6-22) @40.36. Any thoughts??

Chart Request: Beckman Coulter (BEC)

Kevin told me all I needed to know about BEC in his email:

I was scanning for hammers over the weekend, and BEC hit my radar. I put it on the watchlist today and it didn't make a move. What do you think of a position trade in this stock, it looks oversold, but it's also under its 20,50, and 200 MAs. Your thoughts?

Although I love candlesticks, and especially hammers, I always take the prevailing trend into account first. As soon as I see that any stock is under the moving average that's appropriate for my time frame I say "next!" if I'm looking to go long.

Chart Request: Adobe Systems (ADBE)

| 2 Comments

Here's a chart of ADBE for Mark:

Morning Star on the Nasdaq

| 5 Comments | 1 TrackBack

You won't see many better looking morning star patterns than this:

Watchlist for June 28, 2005

Potential swing trades:

Longs - I probably won't post any swing picks until late July -- after the heart of earnings season

Shorts - None

Potential day trades:

CNBC's 'The eBay Effect' Documentary

| 2 Comments

David Faber's latest documentary, "The eBay Effect - Inside a Worldwide Obsession" airs on CNBC tomorrow at 8 and 11 PM Eastern time:
"The eBay Effect - Inside a Worldwide Obsession" is the latest production from the Peabody Award winning CNBC Documentary team and reporter David Faber. It's an unprecedented look at the eBay you don't know, with exclusive, behind-the-scenes access to the world's leading online commerce site.

An estimated 1.8 billion items, worth approximately $40 billion, are expected to be traded this year on this global electronic marketplace. If eBay employed the 430,000 people who earn an income selling on its site, it would be the nation's number two private sector employer. How did this company, just shy of its 10th birthday, change the fortunes of so many?

On the flip side, "The eBay Effect" also examines why some former users feel betrayed and have deserted the popular auction site. Faber delves into claims of fraud and outrage over fee increases and other controversies surrounding this juggernaut.

"The eBay Effect - Inside a Worldwide Obsession" premieres Wednesday, June 29th at 8 and 11 pm Eastern on CNBC.

Watchlist for June 27, 2005

Potential swing trades:

Longs - None

Shorts - None

Potential day trades:

Watchlist for June 30, 2005

Potential swing trades:

Longs - None until August

Shorts - None until August

Potential day trades:

Recent Links

Fortune Magazine on Decision Making

| 1 TrackBack

There's a section on how to make great decisions in the June 27th Fortune magazine. One of the people they interviewed is a derivatives trader. Here's a portion of what he had to say:

I supervise about 23 people, and we can trade $1 billion a day. My goal is to make money 52% of the time. I can make the right call half the time by flipping a coin; a good trader does a little better. Successful traders don't spend much time regretting decisions or going back over things. If a decision turned out to be wrong, so what? Move on. So when you have to make a quick decision and you know that there's a good chance it will be wrong—the worst thing you can possibly do is sit there and panic and hope. You have to be decisive—go on and do it. When I see somebody go into panic mode, I tell them, "Get off the desk. Go for a workout, or go sit in the park for an hour."

Watchlist for June 29, 2005

| 2 Comments

Potential swing trades:

Longs - None until August

Shorts - None until August

Potential day trades:

Chart Request: CB Richard Ellis Group (CBG)

| 1 Comment

Andy wrote in about CBG:

How about a chart read on CBG, CB Richard Ellis. I got in last Wed.(6-22) @40.36. Any thoughts??

Chart Request: Beckman Coulter (BEC)

Kevin told me all I needed to know about BEC in his email:

I was scanning for hammers over the weekend, and BEC hit my radar. I put it on the watchlist today and it didn't make a move. What do you think of a position trade in this stock, it looks oversold, but it's also under its 20,50, and 200 MAs. Your thoughts?

Although I love candlesticks, and especially hammers, I always take the prevailing trend into account first. As soon as I see that any stock is under the moving average that's appropriate for my time frame I say "next!" if I'm looking to go long.

Chart Request: Adobe Systems (ADBE)

| 2 Comments

Here's a chart of ADBE for Mark:

Morning Star on the Nasdaq

| 5 Comments | 1 TrackBack

You won't see many better looking morning star patterns than this:

Watchlist for June 28, 2005

Potential swing trades:

Longs - I probably won't post any swing picks until late July -- after the heart of earnings season

Shorts - None

Potential day trades:

CNBC's 'The eBay Effect' Documentary

| 2 Comments

David Faber's latest documentary, "The eBay Effect - Inside a Worldwide Obsession" airs on CNBC tomorrow at 8 and 11 PM Eastern time:
"The eBay Effect - Inside a Worldwide Obsession" is the latest production from the Peabody Award winning CNBC Documentary team and reporter David Faber. It's an unprecedented look at the eBay you don't know, with exclusive, behind-the-scenes access to the world's leading online commerce site.

An estimated 1.8 billion items, worth approximately $40 billion, are expected to be traded this year on this global electronic marketplace. If eBay employed the 430,000 people who earn an income selling on its site, it would be the nation's number two private sector employer. How did this company, just shy of its 10th birthday, change the fortunes of so many?

On the flip side, "The eBay Effect" also examines why some former users feel betrayed and have deserted the popular auction site. Faber delves into claims of fraud and outrage over fee increases and other controversies surrounding this juggernaut.

"The eBay Effect - Inside a Worldwide Obsession" premieres Wednesday, June 29th at 8 and 11 pm Eastern on CNBC.

Watchlist for June 27, 2005

Potential swing trades:

Longs - None

Shorts - None

Potential day trades:

Watchlist for June 30, 2005

Potential swing trades:

Longs - None until August

Shorts - None until August

Potential day trades:

Recent Links

Fortune Magazine on Decision Making

| 1 TrackBack

There's a section on how to make great decisions in the June 27th Fortune magazine. One of the people they interviewed is a derivatives trader. Here's a portion of what he had to say:

I supervise about 23 people, and we can trade $1 billion a day. My goal is to make money 52% of the time. I can make the right call half the time by flipping a coin; a good trader does a little better. Successful traders don't spend much time regretting decisions or going back over things. If a decision turned out to be wrong, so what? Move on. So when you have to make a quick decision and you know that there's a good chance it will be wrong—the worst thing you can possibly do is sit there and panic and hope. You have to be decisive—go on and do it. When I see somebody go into panic mode, I tell them, "Get off the desk. Go for a workout, or go sit in the park for an hour."

Watchlist for June 29, 2005

| 2 Comments

Potential swing trades:

Longs - None until August

Shorts - None until August

Potential day trades:

Chart Request: CB Richard Ellis Group (CBG)

| 1 Comment

Andy wrote in about CBG:

How about a chart read on CBG, CB Richard Ellis. I got in last Wed.(6-22) @40.36. Any thoughts??

Chart Request: Beckman Coulter (BEC)

Kevin told me all I needed to know about BEC in his email:

I was scanning for hammers over the weekend, and BEC hit my radar. I put it on the watchlist today and it didn't make a move. What do you think of a position trade in this stock, it looks oversold, but it's also under its 20,50, and 200 MAs. Your thoughts?

Although I love candlesticks, and especially hammers, I always take the prevailing trend into account first. As soon as I see that any stock is under the moving average that's appropriate for my time frame I say "next!" if I'm looking to go long.

Chart Request: Adobe Systems (ADBE)

| 2 Comments

Here's a chart of ADBE for Mark:

Morning Star on the Nasdaq

| 5 Comments | 1 TrackBack

You won't see many better looking morning star patterns than this:

Watchlist for June 28, 2005

Potential swing trades:

Longs - I probably won't post any swing picks until late July -- after the heart of earnings season

Shorts - None

Potential day trades:

CNBC's 'The eBay Effect' Documentary

| 2 Comments

David Faber's latest documentary, "The eBay Effect - Inside a Worldwide Obsession" airs on CNBC tomorrow at 8 and 11 PM Eastern time:
"The eBay Effect - Inside a Worldwide Obsession" is the latest production from the Peabody Award winning CNBC Documentary team and reporter David Faber. It's an unprecedented look at the eBay you don't know, with exclusive, behind-the-scenes access to the world's leading online commerce site.

An estimated 1.8 billion items, worth approximately $40 billion, are expected to be traded this year on this global electronic marketplace. If eBay employed the 430,000 people who earn an income selling on its site, it would be the nation's number two private sector employer. How did this company, just shy of its 10th birthday, change the fortunes of so many?

On the flip side, "The eBay Effect" also examines why some former users feel betrayed and have deserted the popular auction site. Faber delves into claims of fraud and outrage over fee increases and other controversies surrounding this juggernaut.

"The eBay Effect - Inside a Worldwide Obsession" premieres Wednesday, June 29th at 8 and 11 pm Eastern on CNBC.

Watchlist for June 27, 2005

Potential swing trades:

Longs - None

Shorts - None

Potential day trades:

Watchlist for June 30, 2005

Potential swing trades:

Longs - None until August

Shorts - None until August

Potential day trades:

Recent Links

Fortune Magazine on Decision Making

| 1 TrackBack

There's a section on how to make great decisions in the June 27th Fortune magazine. One of the people they interviewed is a derivatives trader. Here's a portion of what he had to say:

I supervise about 23 people, and we can trade $1 billion a day. My goal is to make money 52% of the time. I can make the right call half the time by flipping a coin; a good trader does a little better. Successful traders don't spend much time regretting decisions or going back over things. If a decision turned out to be wrong, so what? Move on. So when you have to make a quick decision and you know that there's a good chance it will be wrong—the worst thing you can possibly do is sit there and panic and hope. You have to be decisive—go on and do it. When I see somebody go into panic mode, I tell them, "Get off the desk. Go for a workout, or go sit in the park for an hour."

Watchlist for June 29, 2005

| 2 Comments

Potential swing trades:

Longs - None until August

Shorts - None until August

Potential day trades:

Chart Request: CB Richard Ellis Group (CBG)

| 1 Comment

Andy wrote in about CBG:

How about a chart read on CBG, CB Richard Ellis. I got in last Wed.(6-22) @40.36. Any thoughts??

Chart Request: Beckman Coulter (BEC)

Kevin told me all I needed to know about BEC in his email:

I was scanning for hammers over the weekend, and BEC hit my radar. I put it on the watchlist today and it didn't make a move. What do you think of a position trade in this stock, it looks oversold, but it's also under its 20,50, and 200 MAs. Your thoughts?

Although I love candlesticks, and especially hammers, I always take the prevailing trend into account first. As soon as I see that any stock is under the moving average that's appropriate for my time frame I say "next!" if I'm looking to go long.

Chart Request: Adobe Systems (ADBE)

| 2 Comments

Here's a chart of ADBE for Mark:

Morning Star on the Nasdaq

| 5 Comments | 1 TrackBack

You won't see many better looking morning star patterns than this:

Watchlist for June 28, 2005

Potential swing trades:

Longs - I probably won't post any swing picks until late July -- after the heart of earnings season

Shorts - None

Potential day trades:

CNBC's 'The eBay Effect' Documentary

| 2 Comments

David Faber's latest documentary, "The eBay Effect - Inside a Worldwide Obsession" airs on CNBC tomorrow at 8 and 11 PM Eastern time:
"The eBay Effect - Inside a Worldwide Obsession" is the latest production from the Peabody Award winning CNBC Documentary team and reporter David Faber. It's an unprecedented look at the eBay you don't know, with exclusive, behind-the-scenes access to the world's leading online commerce site.

An estimated 1.8 billion items, worth approximately $40 billion, are expected to be traded this year on this global electronic marketplace. If eBay employed the 430,000 people who earn an income selling on its site, it would be the nation's number two private sector employer. How did this company, just shy of its 10th birthday, change the fortunes of so many?

On the flip side, "The eBay Effect" also examines why some former users feel betrayed and have deserted the popular auction site. Faber delves into claims of fraud and outrage over fee increases and other controversies surrounding this juggernaut.

"The eBay Effect - Inside a Worldwide Obsession" premieres Wednesday, June 29th at 8 and 11 pm Eastern on CNBC.

Watchlist for June 27, 2005

Potential swing trades:

Longs - None

Shorts - None

Potential day trades:

Watchlist for June 30, 2005

Potential swing trades:

Longs - None until August

Shorts - None until August

Potential day trades:

Recent Links

Fortune Magazine on Decision Making

| 1 TrackBack

There's a section on how to make great decisions in the June 27th Fortune magazine. One of the people they interviewed is a derivatives trader. Here's a portion of what he had to say:

I supervise about 23 people, and we can trade $1 billion a day. My goal is to make money 52% of the time. I can make the right call half the time by flipping a coin; a good trader does a little better. Successful traders don't spend much time regretting decisions or going back over things. If a decision turned out to be wrong, so what? Move on. So when you have to make a quick decision and you know that there's a good chance it will be wrong—the worst thing you can possibly do is sit there and panic and hope. You have to be decisive—go on and do it. When I see somebody go into panic mode, I tell them, "Get off the desk. Go for a workout, or go sit in the park for an hour."

Watchlist for June 29, 2005

| 2 Comments

Potential swing trades:

Longs - None until August

Shorts - None until August

Potential day trades:

Chart Request: CB Richard Ellis Group (CBG)

| 1 Comment

Andy wrote in about CBG:

How about a chart read on CBG, CB Richard Ellis. I got in last Wed.(6-22) @40.36. Any thoughts??

Chart Request: Beckman Coulter (BEC)

Kevin told me all I needed to know about BEC in his email:

I was scanning for hammers over the weekend, and BEC hit my radar. I put it on the watchlist today and it didn't make a move. What do you think of a position trade in this stock, it looks oversold, but it's also under its 20,50, and 200 MAs. Your thoughts?

Although I love candlesticks, and especially hammers, I always take the prevailing trend into account first. As soon as I see that any stock is under the moving average that's appropriate for my time frame I say "next!" if I'm looking to go long.

Chart Request: Adobe Systems (ADBE)

| 2 Comments

Here's a chart of ADBE for Mark:

Morning Star on the Nasdaq

| 5 Comments | 1 TrackBack

You won't see many better looking morning star patterns than this:

Watchlist for June 28, 2005

Potential swing trades:

Longs - I probably won't post any swing picks until late July -- after the heart of earnings season

Shorts - None

Potential day trades:

CNBC's 'The eBay Effect' Documentary

| 2 Comments

David Faber's latest documentary, "The eBay Effect - Inside a Worldwide Obsession" airs on CNBC tomorrow at 8 and 11 PM Eastern time:
"The eBay Effect - Inside a Worldwide Obsession" is the latest production from the Peabody Award winning CNBC Documentary team and reporter David Faber. It's an unprecedented look at the eBay you don't know, with exclusive, behind-the-scenes access to the world's leading online commerce site.

An estimated 1.8 billion items, worth approximately $40 billion, are expected to be traded this year on this global electronic marketplace. If eBay employed the 430,000 people who earn an income selling on its site, it would be the nation's number two private sector employer. How did this company, just shy of its 10th birthday, change the fortunes of so many?

On the flip side, "The eBay Effect" also examines why some former users feel betrayed and have deserted the popular auction site. Faber delves into claims of fraud and outrage over fee increases and other controversies surrounding this juggernaut.

"The eBay Effect - Inside a Worldwide Obsession" premieres Wednesday, June 29th at 8 and 11 pm Eastern on CNBC.

Watchlist for June 27, 2005

Potential swing trades:

Longs - None

Shorts - None

Potential day trades:

Watchlist for June 30, 2005

Potential swing trades:

Longs - None until August

Shorts - None until August

Potential day trades:

Recent Links

Fortune Magazine on Decision Making

| 1 TrackBack

There's a section on how to make great decisions in the June 27th Fortune magazine. One of the people they interviewed is a derivatives trader. Here's a portion of what he had to say:

I supervise about 23 people, and we can trade $1 billion a day. My goal is to make money 52% of the time. I can make the right call half the time by flipping a coin; a good trader does a little better. Successful traders don't spend much time regretting decisions or going back over things. If a decision turned out to be wrong, so what? Move on. So when you have to make a quick decision and you know that there's a good chance it will be wrong—the worst thing you can possibly do is sit there and panic and hope. You have to be decisive—go on and do it. When I see somebody go into panic mode, I tell them, "Get off the desk. Go for a workout, or go sit in the park for an hour."

Watchlist for June 29, 2005

| 2 Comments

Potential swing trades:

Longs - None until August

Shorts - None until August

Potential day trades:

Chart Request: CB Richard Ellis Group (CBG)

| 1 Comment

Andy wrote in about CBG:

How about a chart read on CBG, CB Richard Ellis. I got in last Wed.(6-22) @40.36. Any thoughts??

Chart Request: Beckman Coulter (BEC)

Kevin told me all I needed to know about BEC in his email:

I was scanning for hammers over the weekend, and BEC hit my radar. I put it on the watchlist today and it didn't make a move. What do you think of a position trade in this stock, it looks oversold, but it's also under its 20,50, and 200 MAs. Your thoughts?

Although I love candlesticks, and especially hammers, I always take the prevailing trend into account first. As soon as I see that any stock is under the moving average that's appropriate for my time frame I say "next!" if I'm looking to go long.

Chart Request: Adobe Systems (ADBE)

| 2 Comments

Here's a chart of ADBE for Mark:

Morning Star on the Nasdaq

| 5 Comments | 1 TrackBack

You won't see many better looking morning star patterns than this:

Watchlist for June 28, 2005

Potential swing trades:

Longs - I probably won't post any swing picks until late July -- after the heart of earnings season

Shorts - None

Potential day trades:

CNBC's 'The eBay Effect' Documentary

| 2 Comments

David Faber's latest documentary, "The eBay Effect - Inside a Worldwide Obsession" airs on CNBC tomorrow at 8 and 11 PM Eastern time:
"The eBay Effect - Inside a Worldwide Obsession" is the latest production from the Peabody Award winning CNBC Documentary team and reporter David Faber. It's an unprecedented look at the eBay you don't know, with exclusive, behind-the-scenes access to the world's leading online commerce site.

An estimated 1.8 billion items, worth approximately $40 billion, are expected to be traded this year on this global electronic marketplace. If eBay employed the 430,000 people who earn an income selling on its site, it would be the nation's number two private sector employer. How did this company, just shy of its 10th birthday, change the fortunes of so many?

On the flip side, "The eBay Effect" also examines why some former users feel betrayed and have deserted the popular auction site. Faber delves into claims of fraud and outrage over fee increases and other controversies surrounding this juggernaut.

"The eBay Effect - Inside a Worldwide Obsession" premieres Wednesday, June 29th at 8 and 11 pm Eastern on CNBC.

Watchlist for June 27, 2005

Potential swing trades:

Longs - None

Shorts - None

Potential day trades:

Watchlist for June 30, 2005

Potential swing trades:

Longs - None until August

Shorts - None until August

Potential day trades:

Recent Links

Fortune Magazine on Decision Making

| 1 TrackBack

There's a section on how to make great decisions in the June 27th Fortune magazine. One of the people they interviewed is a derivatives trader. Here's a portion of what he had to say:

I supervise about 23 people, and we can trade $1 billion a day. My goal is to make money 52% of the time. I can make the right call half the time by flipping a coin; a good trader does a little better. Successful traders don't spend much time regretting decisions or going back over things. If a decision turned out to be wrong, so what? Move on. So when you have to make a quick decision and you know that there's a good chance it will be wrong—the worst thing you can possibly do is sit there and panic and hope. You have to be decisive—go on and do it. When I see somebody go into panic mode, I tell them, "Get off the desk. Go for a workout, or go sit in the park for an hour."

Watchlist for June 29, 2005

| 2 Comments

Potential swing trades:

Longs - None until August

Shorts - None until August

Potential day trades:

Chart Request: CB Richard Ellis Group (CBG)

| 1 Comment

Andy wrote in about CBG:

How about a chart read on CBG, CB Richard Ellis. I got in last Wed.(6-22) @40.36. Any thoughts??

Chart Request: Beckman Coulter (BEC)

Kevin told me all I needed to know about BEC in his email:

I was scanning for hammers over the weekend, and BEC hit my radar. I put it on the watchlist today and it didn't make a move. What do you think of a position trade in this stock, it looks oversold, but it's also under its 20,50, and 200 MAs. Your thoughts?

Although I love candlesticks, and especially hammers, I always take the prevailing trend into account first. As soon as I see that any stock is under the moving average that's appropriate for my time frame I say "next!" if I'm looking to go long.

Chart Request: Adobe Systems (ADBE)

| 2 Comments

Here's a chart of ADBE for Mark:

Morning Star on the Nasdaq

| 5 Comments | 1 TrackBack

You won't see many better looking morning star patterns than this:

Watchlist for June 28, 2005

Potential swing trades:

Longs - I probably won't post any swing picks until late July -- after the heart of earnings season

Shorts - None

Potential day trades:

CNBC's 'The eBay Effect' Documentary

| 2 Comments

David Faber's latest documentary, "The eBay Effect - Inside a Worldwide Obsession" airs on CNBC tomorrow at 8 and 11 PM Eastern time:
"The eBay Effect - Inside a Worldwide Obsession" is the latest production from the Peabody Award winning CNBC Documentary team and reporter David Faber. It's an unprecedented look at the eBay you don't know, with exclusive, behind-the-scenes access to the world's leading online commerce site.

An estimated 1.8 billion items, worth approximately $40 billion, are expected to be traded this year on this global electronic marketplace. If eBay employed the 430,000 people who earn an income selling on its site, it would be the nation's number two private sector employer. How did this company, just shy of its 10th birthday, change the fortunes of so many?

On the flip side, "The eBay Effect" also examines why some former users feel betrayed and have deserted the popular auction site. Faber delves into claims of fraud and outrage over fee increases and other controversies surrounding this juggernaut.

"The eBay Effect - Inside a Worldwide Obsession" premieres Wednesday, June 29th at 8 and 11 pm Eastern on CNBC.

Watchlist for June 27, 2005

Potential swing trades:

Longs - None

Shorts - None

Potential day trades:

Watchlist for June 30, 2005

Potential swing trades:

Longs - None until August

Shorts - None until August

Potential day trades:

Recent Links

Fortune Magazine on Decision Making

| 1 TrackBack

There's a section on how to make great decisions in the June 27th Fortune magazine. One of the people they interviewed is a derivatives trader. Here's a portion of what he had to say:

I supervise about 23 people, and we can trade $1 billion a day. My goal is to make money 52% of the time. I can make the right call half the time by flipping a coin; a good trader does a little better. Successful traders don't spend much time regretting decisions or going back over things. If a decision turned out to be wrong, so what? Move on. So when you have to make a quick decision and you know that there's a good chance it will be wrong—the worst thing you can possibly do is sit there and panic and hope. You have to be decisive—go on and do it. When I see somebody go into panic mode, I tell them, "Get off the desk. Go for a workout, or go sit in the park for an hour."

Watchlist for June 29, 2005

| 2 Comments

Potential swing trades:

Longs - None until August

Shorts - None until August

Potential day trades:

Chart Request: CB Richard Ellis Group (CBG)

| 1 Comment

Andy wrote in about CBG:

How about a chart read on CBG, CB Richard Ellis. I got in last Wed.(6-22) @40.36. Any thoughts??

Chart Request: Beckman Coulter (BEC)

Kevin told me all I needed to know about BEC in his email:

I was scanning for hammers over the weekend, and BEC hit my radar. I put it on the watchlist today and it didn't make a move. What do you think of a position trade in this stock, it looks oversold, but it's also under its 20,50, and 200 MAs. Your thoughts?

Although I love candlesticks, and especially hammers, I always take the prevailing trend into account first. As soon as I see that any stock is under the moving average that's appropriate for my time frame I say "next!" if I'm looking to go long.

Chart Request: Adobe Systems (ADBE)

| 2 Comments

Here's a chart of ADBE for Mark:

Morning Star on the Nasdaq

| 5 Comments | 1 TrackBack

You won't see many better looking morning star patterns than this:

Watchlist for June 28, 2005

Potential swing trades:

Longs - I probably won't post any swing picks until late July -- after the heart of earnings season

Shorts - None

Potential day trades:

CNBC's 'The eBay Effect' Documentary

| 2 Comments

David Faber's latest documentary, "The eBay Effect - Inside a Worldwide Obsession" airs on CNBC tomorrow at 8 and 11 PM Eastern time:
"The eBay Effect - Inside a Worldwide Obsession" is the latest production from the Peabody Award winning CNBC Documentary team and reporter David Faber. It's an unprecedented look at the eBay you don't know, with exclusive, behind-the-scenes access to the world's leading online commerce site.

An estimated 1.8 billion items, worth approximately $40 billion, are expected to be traded this year on this global electronic marketplace. If eBay employed the 430,000 people who earn an income selling on its site, it would be the nation's number two private sector employer. How did this company, just shy of its 10th birthday, change the fortunes of so many?

On the flip side, "The eBay Effect" also examines why some former users feel betrayed and have deserted the popular auction site. Faber delves into claims of fraud and outrage over fee increases and other controversies surrounding this juggernaut.

"The eBay Effect - Inside a Worldwide Obsession" premieres Wednesday, June 29th at 8 and 11 pm Eastern on CNBC.

Watchlist for June 27, 2005

Potential swing trades:

Longs - None

Shorts - None

Potential day trades:

Watchlist for June 30, 2005

Potential swing trades:

Longs - None until August

Shorts - None until August

Potential day trades:

Recent Links

Fortune Magazine on Decision Making

| 1 TrackBack

There's a section on how to make great decisions in the June 27th Fortune magazine. One of the people they interviewed is a derivatives trader. Here's a portion of what he had to say:

I supervise about 23 people, and we can trade $1 billion a day. My goal is to make money 52% of the time. I can make the right call half the time by flipping a coin; a good trader does a little better. Successful traders don't spend much time regretting decisions or going back over things. If a decision turned out to be wrong, so what? Move on. So when you have to make a quick decision and you know that there's a good chance it will be wrong—the worst thing you can possibly do is sit there and panic and hope. You have to be decisive—go on and do it. When I see somebody go into panic mode, I tell them, "Get off the desk. Go for a workout, or go sit in the park for an hour."

Watchlist for June 29, 2005

| 2 Comments

Potential swing trades:

Longs - None until August

Shorts - None until August

Potential day trades:

Chart Request: CB Richard Ellis Group (CBG)

| 1 Comment

Andy wrote in about CBG:

How about a chart read on CBG, CB Richard Ellis. I got in last Wed.(6-22) @40.36. Any thoughts??

Chart Request: Beckman Coulter (BEC)

Kevin told me all I needed to know about BEC in his email:

I was scanning for hammers over the weekend, and BEC hit my radar. I put it on the watchlist today and it didn't make a move. What do you think of a position trade in this stock, it looks oversold, but it's also under its 20,50, and 200 MAs. Your thoughts?

Although I love candlesticks, and especially hammers, I always take the prevailing trend into account first. As soon as I see that any stock is under the moving average that's appropriate for my time frame I say "next!" if I'm looking to go long.

Chart Request: Adobe Systems (ADBE)

| 2 Comments

Here's a chart of ADBE for Mark:

Morning Star on the Nasdaq

| 5 Comments | 1 TrackBack

You won't see many better looking morning star patterns than this:

Watchlist for June 28, 2005

Potential swing trades:

Longs - I probably won't post any swing picks until late July -- after the heart of earnings season

Shorts - None

Potential day trades:

CNBC's 'The eBay Effect' Documentary

| 2 Comments

David Faber's latest documentary, "The eBay Effect - Inside a Worldwide Obsession" airs on CNBC tomorrow at 8 and 11 PM Eastern time:
"The eBay Effect - Inside a Worldwide Obsession" is the latest production from the Peabody Award winning CNBC Documentary team and reporter David Faber. It's an unprecedented look at the eBay you don't know, with exclusive, behind-the-scenes access to the world's leading online commerce site.

An estimated 1.8 billion items, worth approximately $40 billion, are expected to be traded this year on this global electronic marketplace. If eBay employed the 430,000 people who earn an income selling on its site, it would be the nation's number two private sector employer. How did this company, just shy of its 10th birthday, change the fortunes of so many?

On the flip side, "The eBay Effect" also examines why some former users feel betrayed and have deserted the popular auction site. Faber delves into claims of fraud and outrage over fee increases and other controversies surrounding this juggernaut.

"The eBay Effect - Inside a Worldwide Obsession" premieres Wednesday, June 29th at 8 and 11 pm Eastern on CNBC.

Watchlist for June 27, 2005

Potential swing trades:

Longs - None

Shorts - None

Potential day trades:

Watchlist for June 30, 2005

Potential swing trades:

Longs - None until August

Shorts - None until August

Potential day trades:

Recent Links

Fortune Magazine on Decision Making

| 1 TrackBack

There's a section on how to make great decisions in the June 27th Fortune magazine. One of the people they interviewed is a derivatives trader. Here's a portion of what he had to say:

I supervise about 23 people, and we can trade $1 billion a day. My goal is to make money 52% of the time. I can make the right call half the time by flipping a coin; a good trader does a little better. Successful traders don't spend much time regretting decisions or going back over things. If a decision turned out to be wrong, so what? Move on. So when you have to make a quick decision and you know that there's a good chance it will be wrong—the worst thing you can possibly do is sit there and panic and hope. You have to be decisive—go on and do it. When I see somebody go into panic mode, I tell them, "Get off the desk. Go for a workout, or go sit in the park for an hour."

Watchlist for June 29, 2005

| 2 Comments

Potential swing trades:

Longs - None until August

Shorts - None until August

Potential day trades:

Chart Request: CB Richard Ellis Group (CBG)

| 1 Comment

Andy wrote in about CBG:

How about a chart read on CBG, CB Richard Ellis. I got in last Wed.(6-22) @40.36. Any thoughts??

Chart Request: Beckman Coulter (BEC)

Kevin told me all I needed to know about BEC in his email:

I was scanning for hammers over the weekend, and BEC hit my radar. I put it on the watchlist today and it didn't make a move. What do you think of a position trade in this stock, it looks oversold, but it's also under its 20,50, and 200 MAs. Your thoughts?

Although I love candlesticks, and especially hammers, I always take the prevailing trend into account first. As soon as I see that any stock is under the moving average that's appropriate for my time frame I say "next!" if I'm looking to go long.

Chart Request: Adobe Systems (ADBE)

| 2 Comments

Here's a chart of ADBE for Mark:

Morning Star on the Nasdaq

| 5 Comments | 1 TrackBack

You won't see many better looking morning star patterns than this:

Watchlist for June 28, 2005

Potential swing trades:

Longs - I probably won't post any swing picks until late July -- after the heart of earnings season

Shorts - None

Potential day trades:

CNBC's 'The eBay Effect' Documentary

| 2 Comments

David Faber's latest documentary, "The eBay Effect - Inside a Worldwide Obsession" airs on CNBC tomorrow at 8 and 11 PM Eastern time:
"The eBay Effect - Inside a Worldwide Obsession" is the latest production from the Peabody Award winning CNBC Documentary team and reporter David Faber. It's an unprecedented look at the eBay you don't know, with exclusive, behind-the-scenes access to the world's leading online commerce site.

An estimated 1.8 billion items, worth approximately $40 billion, are expected to be traded this year on this global electronic marketplace. If eBay employed the 430,000 people who earn an income selling on its site, it would be the nation's number two private sector employer. How did this company, just shy of its 10th birthday, change the fortunes of so many?

On the flip side, "The eBay Effect" also examines why some former users feel betrayed and have deserted the popular auction site. Faber delves into claims of fraud and outrage over fee increases and other controversies surrounding this juggernaut.

"The eBay Effect - Inside a Worldwide Obsession" premieres Wednesday, June 29th at 8 and 11 pm Eastern on CNBC.

Watchlist for June 27, 2005

Potential swing trades:

Longs - None

Shorts - None

Potential day trades:

Watchlist for June 30, 2005

Potential swing trades:

Longs - None until August

Shorts - None until August

Potential day trades:

Recent Links

Fortune Magazine on Decision Making

| 1 TrackBack

There's a section on how to make great decisions in the June 27th Fortune magazine. One of the people they interviewed is a derivatives trader. Here's a portion of what he had to say:

I supervise about 23 people, and we can trade $1 billion a day. My goal is to make money 52% of the time. I can make the right call half the time by flipping a coin; a good trader does a little better. Successful traders don't spend much time regretting decisions or going back over things. If a decision turned out to be wrong, so what? Move on. So when you have to make a quick decision and you know that there's a good chance it will be wrong—the worst thing you can possibly do is sit there and panic and hope. You have to be decisive—go on and do it. When I see somebody go into panic mode, I tell them, "Get off the desk. Go for a workout, or go sit in the park for an hour."

Watchlist for June 29, 2005

| 2 Comments

Potential swing trades:

Longs - None until August

Shorts - None until August

Potential day trades:

Chart Request: CB Richard Ellis Group (CBG)

| 1 Comment

Andy wrote in about CBG:

How about a chart read on CBG, CB Richard Ellis. I got in last Wed.(6-22) @40.36. Any thoughts??

Chart Request: Beckman Coulter (BEC)

Kevin told me all I needed to know about BEC in his email:

I was scanning for hammers over the weekend, and BEC hit my radar. I put it on the watchlist today and it didn't make a move. What do you think of a position trade in this stock, it looks oversold, but it's also under its 20,50, and 200 MAs. Your thoughts?

Although I love candlesticks, and especially hammers, I always take the prevailing trend into account first. As soon as I see that any stock is under the moving average that's appropriate for my time frame I say "next!" if I'm looking to go long.

Chart Request: Adobe Systems (ADBE)

| 2 Comments

Here's a chart of ADBE for Mark:

Morning Star on the Nasdaq

| 5 Comments | 1 TrackBack

You won't see many better looking morning star patterns than this:

Watchlist for June 28, 2005

Potential swing trades:

Longs - I probably won't post any swing picks until late July -- after the heart of earnings season

Shorts - None

Potential day trades:

CNBC's 'The eBay Effect' Documentary

| 2 Comments

David Faber's latest documentary, "The eBay Effect - Inside a Worldwide Obsession" airs on CNBC tomorrow at 8 and 11 PM Eastern time:
"The eBay Effect - Inside a Worldwide Obsession" is the latest production from the Peabody Award winning CNBC Documentary team and reporter David Faber. It's an unprecedented look at the eBay you don't know, with exclusive, behind-the-scenes access to the world's leading online commerce site.

An estimated 1.8 billion items, worth approximately $40 billion, are expected to be traded this year on this global electronic marketplace. If eBay employed the 430,000 people who earn an income selling on its site, it would be the nation's number two private sector employer. How did this company, just shy of its 10th birthday, change the fortunes of so many?

On the flip side, "The eBay Effect" also examines why some former users feel betrayed and have deserted the popular auction site. Faber delves into claims of fraud and outrage over fee increases and other controversies surrounding this juggernaut.

"The eBay Effect - Inside a Worldwide Obsession" premieres Wednesday, June 29th at 8 and 11 pm Eastern on CNBC.

Watchlist for June 27, 2005

Potential swing trades:

Longs - None

Shorts - None

Potential day trades:

Watchlist for June 30, 2005

Potential swing trades:

Longs - None until August

Shorts - None until August

Potential day trades:

Recent Links

Fortune Magazine on Decision Making

| 1 TrackBack

There's a section on how to make great decisions in the June 27th Fortune magazine. One of the people they interviewed is a derivatives trader. Here's a portion of what he had to say:

I supervise about 23 people, and we can trade $1 billion a day. My goal is to make money 52% of the time. I can make the right call half the time by flipping a coin; a good trader does a little better. Successful traders don't spend much time regretting decisions or going back over things. If a decision turned out to be wrong, so what? Move on. So when you have to make a quick decision and you know that there's a good chance it will be wrong—the worst thing you can possibly do is sit there and panic and hope. You have to be decisive—go on and do it. When I see somebody go into panic mode, I tell them, "Get off the desk. Go for a workout, or go sit in the park for an hour."

Watchlist for June 29, 2005

| 2 Comments

Potential swing trades:

Longs - None until August

Shorts - None until August

Potential day trades:

Chart Request: CB Richard Ellis Group (CBG)

| 1 Comment

Andy wrote in about CBG:

How about a chart read on CBG, CB Richard Ellis. I got in last Wed.(6-22) @40.36. Any thoughts??

Chart Request: Beckman Coulter (BEC)

Kevin told me all I needed to know about BEC in his email:

I was scanning for hammers over the weekend, and BEC hit my radar. I put it on the watchlist today and it didn't make a move. What do you think of a position trade in this stock, it looks oversold, but it's also under its 20,50, and 200 MAs. Your thoughts?

Although I love candlesticks, and especially hammers, I always take the prevailing trend into account first. As soon as I see that any stock is under the moving average that's appropriate for my time frame I say "next!" if I'm looking to go long.

Chart Request: Adobe Systems (ADBE)

| 2 Comments

Here's a chart of ADBE for Mark:

Morning Star on the Nasdaq

| 5 Comments | 1 TrackBack

You won't see many better looking morning star patterns than this:

Watchlist for June 28, 2005

Potential swing trades:

Longs - I probably won't post any swing picks until late July -- after the heart of earnings season

Shorts - None

Potential day trades:

CNBC's 'The eBay Effect' Documentary

| 2 Comments

David Faber's latest documentary, "The eBay Effect - Inside a Worldwide Obsession" airs on CNBC tomorrow at 8 and 11 PM Eastern time:
"The eBay Effect - Inside a Worldwide Obsession" is the latest production from the Peabody Award winning CNBC Documentary team and reporter David Faber. It's an unprecedented look at the eBay you don't know, with exclusive, behind-the-scenes access to the world's leading online commerce site.

An estimated 1.8 billion items, worth approximately $40 billion, are expected to be traded this year on this global electronic marketplace. If eBay employed the 430,000 people who earn an income selling on its site, it would be the nation's number two private sector employer. How did this company, just shy of its 10th birthday, change the fortunes of so many?

On the flip side, "The eBay Effect" also examines why some former users feel betrayed and have deserted the popular auction site. Faber delves into claims of fraud and outrage over fee increases and other controversies surrounding this juggernaut.

"The eBay Effect - Inside a Worldwide Obsession" premieres Wednesday, June 29th at 8 and 11 pm Eastern on CNBC.

Watchlist for June 27, 2005

Potential swing trades:

Longs - None

Shorts - None

Potential day trades:

Watchlist for June 30, 2005

Potential swing trades:

Longs - None until August

Shorts - None until August

Potential day trades:

Recent Links

Fortune Magazine on Decision Making

| 1 TrackBack

There's a section on how to make great decisions in the June 27th Fortune magazine. One of the people they interviewed is a derivatives trader. Here's a portion of what he had to say:

I supervise about 23 people, and we can trade $1 billion a day. My goal is to make money 52% of the time. I can make the right call half the time by flipping a coin; a good trader does a little better. Successful traders don't spend much time regretting decisions or going back over things. If a decision turned out to be wrong, so what? Move on. So when you have to make a quick decision and you know that there's a good chance it will be wrong—the worst thing you can possibly do is sit there and panic and hope. You have to be decisive—go on and do it. When I see somebody go into panic mode, I tell them, "Get off the desk. Go for a workout, or go sit in the park for an hour."

Watchlist for June 29, 2005

| 2 Comments

Potential swing trades:

Longs - None until August

Shorts - None until August

Potential day trades:

Chart Request: CB Richard Ellis Group (CBG)

| 1 Comment

Andy wrote in about CBG:

How about a chart read on CBG, CB Richard Ellis. I got in last Wed.(6-22) @40.36. Any thoughts??

Chart Request: Beckman Coulter (BEC)

Kevin told me all I needed to know about BEC in his email:

I was scanning for hammers over the weekend, and BEC hit my radar. I put it on the watchlist today and it didn't make a move. What do you think of a position trade in this stock, it looks oversold, but it's also under its 20,50, and 200 MAs. Your thoughts?

Although I love candlesticks, and especially hammers, I always take the prevailing trend into account first. As soon as I see that any stock is under the moving average that's appropriate for my time frame I say "next!" if I'm looking to go long.

Chart Request: Adobe Systems (ADBE)

| 2 Comments

Here's a chart of ADBE for Mark:

Morning Star on the Nasdaq

| 5 Comments | 1 TrackBack

You won't see many better looking morning star patterns than this:

Watchlist for June 28, 2005

Potential swing trades:

Longs - I probably won't post any swing picks until late July -- after the heart of earnings season

Shorts - None

Potential day trades:

CNBC's 'The eBay Effect' Documentary

| 2 Comments

David Faber's latest documentary, "The eBay Effect - Inside a Worldwide Obsession" airs on CNBC tomorrow at 8 and 11 PM Eastern time:
"The eBay Effect - Inside a Worldwide Obsession" is the latest production from the Peabody Award winning CNBC Documentary team and reporter David Faber. It's an unprecedented look at the eBay you don't know, with exclusive, behind-the-scenes access to the world's leading online commerce site.

An estimated 1.8 billion items, worth approximately $40 billion, are expected to be traded this year on this global electronic marketplace. If eBay employed the 430,000 people who earn an income selling on its site, it would be the nation's number two private sector employer. How did this company, just shy of its 10th birthday, change the fortunes of so many?

On the flip side, "The eBay Effect" also examines why some former users feel betrayed and have deserted the popular auction site. Faber delves into claims of fraud and outrage over fee increases and other controversies surrounding this juggernaut.

"The eBay Effect - Inside a Worldwide Obsession" premieres Wednesday, June 29th at 8 and 11 pm Eastern on CNBC.

Watchlist for June 27, 2005

Potential swing trades:

Longs - None

Shorts - None

Potential day trades:

Watchlist for June 30, 2005

Potential swing trades:

Longs - None until August

Shorts - None until August

Potential day trades:

Recent Links

Fortune Magazine on Decision Making

| 1 TrackBack

There's a section on how to make great decisions in the June 27th Fortune magazine. One of the people they interviewed is a derivatives trader. Here's a portion of what he had to say:

I supervise about 23 people, and we can trade $1 billion a day. My goal is to make money 52% of the time. I can make the right call half the time by flipping a coin; a good trader does a little better. Successful traders don't spend much time regretting decisions or going back over things. If a decision turned out to be wrong, so what? Move on. So when you have to make a quick decision and you know that there's a good chance it will be wrong—the worst thing you can possibly do is sit there and panic and hope. You have to be decisive—go on and do it. When I see somebody go into panic mode, I tell them, "Get off the desk. Go for a workout, or go sit in the park for an hour."

Watchlist for June 29, 2005

| 2 Comments

Potential swing trades:

Longs - None until August

Shorts - None until August

Potential day trades:

Chart Request: CB Richard Ellis Group (CBG)

| 1 Comment

Andy wrote in about CBG:

How about a chart read on CBG, CB Richard Ellis. I got in last Wed.(6-22) @40.36. Any thoughts??

Chart Request: Beckman Coulter (BEC)

Kevin told me all I needed to know about BEC in his email:

I was scanning for hammers over the weekend, and BEC hit my radar. I put it on the watchlist today and it didn't make a move. What do you think of a position trade in this stock, it looks oversold, but it's also under its 20,50, and 200 MAs. Your thoughts?

Although I love candlesticks, and especially hammers, I always take the prevailing trend into account first. As soon as I see that any stock is under the moving average that's appropriate for my time frame I say "next!" if I'm looking to go long.

Chart Request: Adobe Systems (ADBE)

| 2 Comments

Here's a chart of ADBE for Mark:

Morning Star on the Nasdaq

| 5 Comments | 1 TrackBack

You won't see many better looking morning star patterns than this:

Watchlist for June 28, 2005

Potential swing trades:

Longs - I probably won't post any swing picks until late July -- after the heart of earnings season

Shorts - None

Potential day trades:

CNBC's 'The eBay Effect' Documentary

| 2 Comments

David Faber's latest documentary, "The eBay Effect - Inside a Worldwide Obsession" airs on CNBC tomorrow at 8 and 11 PM Eastern time:
"The eBay Effect - Inside a Worldwide Obsession" is the latest production from the Peabody Award winning CNBC Documentary team and reporter David Faber. It's an unprecedented look at the eBay you don't know, with exclusive, behind-the-scenes access to the world's leading online commerce site.

An estimated 1.8 billion items, worth approximately $40 billion, are expected to be traded this year on this global electronic marketplace. If eBay employed the 430,000 people who earn an income selling on its site, it would be the nation's number two private sector employer. How did this company, just shy of its 10th birthday, change the fortunes of so many?

On the flip side, "The eBay Effect" also examines why some former users feel betrayed and have deserted the popular auction site. Faber delves into claims of fraud and outrage over fee increases and other controversies surrounding this juggernaut.

"The eBay Effect - Inside a Worldwide Obsession" premieres Wednesday, June 29th at 8 and 11 pm Eastern on CNBC.

Watchlist for June 27, 2005

Potential swing trades:

Longs - None

Shorts - None

Potential day trades:

Watchlist for June 30, 2005

Potential swing trades:

Longs - None until August

Shorts - None until August

Potential day trades:

Recent Links

Fortune Magazine on Decision Making

| 1 TrackBack

There's a section on how to make great decisions in the June 27th Fortune magazine. One of the people they interviewed is a derivatives trader. Here's a portion of what he had to say:

I supervise about 23 people, and we can trade $1 billion a day. My goal is to make money 52% of the time. I can make the right call half the time by flipping a coin; a good trader does a little better. Successful traders don't spend much time regretting decisions or going back over things. If a decision turned out to be wrong, so what? Move on. So when you have to make a quick decision and you know that there's a good chance it will be wrong—the worst thing you can possibly do is sit there and panic and hope. You have to be decisive—go on and do it. When I see somebody go into panic mode, I tell them, "Get off the desk. Go for a workout, or go sit in the park for an hour."

Watchlist for June 29, 2005

| 2 Comments

Potential swing trades:

Longs - None until August

Shorts - None until August

Potential day trades:

Chart Request: CB Richard Ellis Group (CBG)

| 1 Comment

Andy wrote in about CBG:

How about a chart read on CBG, CB Richard Ellis. I got in last Wed.(6-22) @40.36. Any thoughts??

Chart Request: Beckman Coulter (BEC)

Kevin told me all I needed to know about BEC in his email:

I was scanning for hammers over the weekend, and BEC hit my radar. I put it on the watchlist today and it didn't make a move. What do you think of a position trade in this stock, it looks oversold, but it's also under its 20,50, and 200 MAs. Your thoughts?

Although I love candlesticks, and especially hammers, I always take the prevailing trend into account first. As soon as I see that any stock is under the moving average that's appropriate for my time frame I say "next!" if I'm looking to go long.

Chart Request: Adobe Systems (ADBE)

| 2 Comments

Here's a chart of ADBE for Mark:

Morning Star on the Nasdaq

| 5 Comments | 1 TrackBack

You won't see many better looking morning star patterns than this:

Watchlist for June 28, 2005

Potential swing trades:

Longs - I probably won't post any swing picks until late July -- after the heart of earnings season

Shorts - None

Potential day trades:

CNBC's 'The eBay Effect' Documentary

| 2 Comments

David Faber's latest documentary, "The eBay Effect - Inside a Worldwide Obsession" airs on CNBC tomorrow at 8 and 11 PM Eastern time:
"The eBay Effect - Inside a Worldwide Obsession" is the latest production from the Peabody Award winning CNBC Documentary team and reporter David Faber. It's an unprecedented look at the eBay you don't know, with exclusive, behind-the-scenes access to the world's leading online commerce site.

An estimated 1.8 billion items, worth approximately $40 billion, are expected to be traded this year on this global electronic marketplace. If eBay employed the 430,000 people who earn an income selling on its site, it would be the nation's number two private sector employer. How did this company, just shy of its 10th birthday, change the fortunes of so many?

On the flip side, "The eBay Effect" also examines why some former users feel betrayed and have deserted the popular auction site. Faber delves into claims of fraud and outrage over fee increases and other controversies surrounding this juggernaut.

"The eBay Effect - Inside a Worldwide Obsession" premieres Wednesday, June 29th at 8 and 11 pm Eastern on CNBC.

Watchlist for June 27, 2005

Potential swing trades:

Longs - None

Shorts - None

Potential day trades:

Watchlist for June 30, 2005

Potential swing trades:

Longs - None until August

Shorts - None until August

Potential day trades:

Recent Links

Fortune Magazine on Decision Making

| 1 TrackBack

There's a section on how to make great decisions in the June 27th Fortune magazine. One of the people they interviewed is a derivatives trader. Here's a portion of what he had to say:

I supervise about 23 people, and we can trade $1 billion a day. My goal is to make money 52% of the time. I can make the right call half the time by flipping a coin; a good trader does a little better. Successful traders don't spend much time regretting decisions or going back over things. If a decision turned out to be wrong, so what? Move on. So when you have to make a quick decision and you know that there's a good chance it will be wrong—the worst thing you can possibly do is sit there and panic and hope. You have to be decisive—go on and do it. When I see somebody go into panic mode, I tell them, "Get off the desk. Go for a workout, or go sit in the park for an hour."

Watchlist for June 29, 2005

| 2 Comments

Potential swing trades:

Longs - None until August

Shorts - None until August

Potential day trades:

Chart Request: CB Richard Ellis Group (CBG)

| 1 Comment

Andy wrote in about CBG:

How about a chart read on CBG, CB Richard Ellis. I got in last Wed.(6-22) @40.36. Any thoughts??

Chart Request: Beckman Coulter (BEC)

Kevin told me all I needed to know about BEC in his email:

I was scanning for hammers over the weekend, and BEC hit my radar. I put it on the watchlist today and it didn't make a move. What do you think of a position trade in this stock, it looks oversold, but it's also under its 20,50, and 200 MAs. Your thoughts?

Although I love candlesticks, and especially hammers, I always take the prevailing trend into account first. As soon as I see that any stock is under the moving average that's appropriate for my time frame I say "next!" if I'm looking to go long.

Chart Request: Adobe Systems (ADBE)

| 2 Comments

Here's a chart of ADBE for Mark:

Morning Star on the Nasdaq

| 5 Comments | 1 TrackBack

You won't see many better looking morning star patterns than this:

Watchlist for June 28, 2005

Potential swing trades:

Longs - I probably won't post any swing picks until late July -- after the heart of earnings season

Shorts - None

Potential day trades:

CNBC's 'The eBay Effect' Documentary

| 2 Comments

David Faber's latest documentary, "The eBay Effect - Inside a Worldwide Obsession" airs on CNBC tomorrow at 8 and 11 PM Eastern time:
"The eBay Effect - Inside a Worldwide Obsession" is the latest production from the Peabody Award winning CNBC Documentary team and reporter David Faber. It's an unprecedented look at the eBay you don't know, with exclusive, behind-the-scenes access to the world's leading online commerce site.

An estimated 1.8 billion items, worth approximately $40 billion, are expected to be traded this year on this global electronic marketplace. If eBay employed the 430,000 people who earn an income selling on its site, it would be the nation's number two private sector employer. How did this company, just shy of its 10th birthday, change the fortunes of so many?

On the flip side, "The eBay Effect" also examines why some former users feel betrayed and have deserted the popular auction site. Faber delves into claims of fraud and outrage over fee increases and other controversies surrounding this juggernaut.

"The eBay Effect - Inside a Worldwide Obsession" premieres Wednesday, June 29th at 8 and 11 pm Eastern on CNBC.

Watchlist for June 27, 2005

Potential swing trades:

Longs - None

Shorts - None

Potential day trades:

Watchlist for June 30, 2005

Potential swing trades:

Longs - None until August

Shorts - None until August

Potential day trades:

Recent Links

Fortune Magazine on Decision Making

| 1 TrackBack

There's a section on how to make great decisions in the June 27th Fortune magazine. One of the people they interviewed is a derivatives trader. Here's a portion of what he had to say:

I supervise about 23 people, and we can trade $1 billion a day. My goal is to make money 52% of the time. I can make the right call half the time by flipping a coin; a good trader does a little better. Successful traders don't spend much time regretting decisions or going back over things. If a decision turned out to be wrong, so what? Move on. So when you have to make a quick decision and you know that there's a good chance it will be wrong—the worst thing you can possibly do is sit there and panic and hope. You have to be decisive—go on and do it. When I see somebody go into panic mode, I tell them, "Get off the desk. Go for a workout, or go sit in the park for an hour."

Watchlist for June 29, 2005

| 2 Comments

Potential swing trades:

Longs - None until August

Shorts - None until August

Potential day trades:

Chart Request: CB Richard Ellis Group (CBG)

| 1 Comment

Andy wrote in about CBG:

How about a chart read on CBG, CB Richard Ellis. I got in last Wed.(6-22) @40.36. Any thoughts??

Chart Request: Beckman Coulter (BEC)

Kevin told me all I needed to know about BEC in his email:

I was scanning for hammers over the weekend, and BEC hit my radar. I put it on the watchlist today and it didn't make a move. What do you think of a position trade in this stock, it looks oversold, but it's also under its 20,50, and 200 MAs. Your thoughts?

Although I love candlesticks, and especially hammers, I always take the prevailing trend into account first. As soon as I see that any stock is under the moving average that's appropriate for my time frame I say "next!" if I'm looking to go long.

Chart Request: Adobe Systems (ADBE)

| 2 Comments

Here's a chart of ADBE for Mark:

Morning Star on the Nasdaq

| 5 Comments | 1 TrackBack

You won't see many better looking morning star patterns than this:

Watchlist for June 28, 2005

Potential swing trades:

Longs - I probably won't post any swing picks until late July -- after the heart of earnings season

Shorts - None

Potential day trades:

CNBC's 'The eBay Effect' Documentary

| 2 Comments

David Faber's latest documentary, "The eBay Effect - Inside a Worldwide Obsession" airs on CNBC tomorrow at 8 and 11 PM Eastern time:
"The eBay Effect - Inside a Worldwide Obsession" is the latest production from the Peabody Award winning CNBC Documentary team and reporter David Faber. It's an unprecedented look at the eBay you don't know, with exclusive, behind-the-scenes access to the world's leading online commerce site.

An estimated 1.8 billion items, worth approximately $40 billion, are expected to be traded this year on this global electronic marketplace. If eBay employed the 430,000 people who earn an income selling on its site, it would be the nation's number two private sector employer. How did this company, just shy of its 10th birthday, change the fortunes of so many?

On the flip side, "The eBay Effect" also examines why some former users feel betrayed and have deserted the popular auction site. Faber delves into claims of fraud and outrage over fee increases and other controversies surrounding this juggernaut.

"The eBay Effect - Inside a Worldwide Obsession" premieres Wednesday, June 29th at 8 and 11 pm Eastern on CNBC.

Watchlist for June 27, 2005

Potential swing trades:

Longs - None

Shorts - None

Potential day trades:

Watchlist for June 30, 2005

Potential swing trades:

Longs - None until August

Shorts - None until August

Potential day trades:

Recent Links

Fortune Magazine on Decision Making

| 1 TrackBack

There's a section on how to make great decisions in the June 27th Fortune magazine. One of the people they interviewed is a derivatives trader. Here's a portion of what he had to say:

I supervise about 23 people, and we can trade $1 billion a day. My goal is to make money 52% of the time. I can make the right call half the time by flipping a coin; a good trader does a little better. Successful traders don't spend much time regretting decisions or going back over things. If a decision turned out to be wrong, so what? Move on. So when you have to make a quick decision and you know that there's a good chance it will be wrong—the worst thing you can possibly do is sit there and panic and hope. You have to be decisive—go on and do it. When I see somebody go into panic mode, I tell them, "Get off the desk. Go for a workout, or go sit in the park for an hour."

Watchlist for June 29, 2005

| 2 Comments

Potential swing trades:

Longs - None until August

Shorts - None until August

Potential day trades:

Chart Request: CB Richard Ellis Group (CBG)

| 1 Comment

Andy wrote in about CBG:

How about a chart read on CBG, CB Richard Ellis. I got in last Wed.(6-22) @40.36. Any thoughts??

Chart Request: Beckman Coulter (BEC)

Kevin told me all I needed to know about BEC in his email:

I was scanning for hammers over the weekend, and BEC hit my radar. I put it on the watchlist today and it didn't make a move. What do you think of a position trade in this stock, it looks oversold, but it's also under its 20,50, and 200 MAs. Your thoughts?

Although I love candlesticks, and especially hammers, I always take the prevailing trend into account first. As soon as I see that any stock is under the moving average that's appropriate for my time frame I say "next!" if I'm looking to go long.

Chart Request: Adobe Systems (ADBE)

| 2 Comments

Here's a chart of ADBE for Mark:

Morning Star on the Nasdaq

| 5 Comments | 1 TrackBack

You won't see many better looking morning star patterns than this:

Watchlist for June 28, 2005

Potential swing trades:

Longs - I probably won't post any swing picks until late July -- after the heart of earnings season

Shorts - None

Potential day trades:

CNBC's 'The eBay Effect' Documentary

| 2 Comments

David Faber's latest documentary, "The eBay Effect - Inside a Worldwide Obsession" airs on CNBC tomorrow at 8 and 11 PM Eastern time:
"The eBay Effect - Inside a Worldwide Obsession" is the latest production from the Peabody Award winning CNBC Documentary team and reporter David Faber. It's an unprecedented look at the eBay you don't know, with exclusive, behind-the-scenes access to the world's leading online commerce site.

An estimated 1.8 billion items, worth approximately $40 billion, are expected to be traded this year on this global electronic marketplace. If eBay employed the 430,000 people who earn an income selling on its site, it would be the nation's number two private sector employer. How did this company, just shy of its 10th birthday, change the fortunes of so many?

On the flip side, "The eBay Effect" also examines why some former users feel betrayed and have deserted the popular auction site. Faber delves into claims of fraud and outrage over fee increases and other controversies surrounding this juggernaut.

"The eBay Effect - Inside a Worldwide Obsession" premieres Wednesday, June 29th at 8 and 11 pm Eastern on CNBC.

Watchlist for June 27, 2005

Potential swing trades:

Longs - None

Shorts - None

Potential day trades:

Watchlist for June 30, 2005

Potential swing trades:

Longs - None until August

Shorts - None until August

Potential day trades:

Recent Links

Fortune Magazine on Decision Making

| 1 TrackBack

There's a section on how to make great decisions in the June 27th Fortune magazine. One of the people they interviewed is a derivatives trader. Here's a portion of what he had to say:

I supervise about 23 people, and we can trade $1 billion a day. My goal is to make money 52% of the time. I can make the right call half the time by flipping a coin; a good trader does a little better. Successful traders don't spend much time regretting decisions or going back over things. If a decision turned out to be wrong, so what? Move on. So when you have to make a quick decision and you know that there's a good chance it will be wrong—the worst thing you can possibly do is sit there and panic and hope. You have to be decisive—go on and do it. When I see somebody go into panic mode, I tell them, "Get off the desk. Go for a workout, or go sit in the park for an hour."

Watchlist for June 29, 2005

| 2 Comments

Potential swing trades:

Longs - None until August

Shorts - None until August

Potential day trades:

Chart Request: CB Richard Ellis Group (CBG)

| 1 Comment

Andy wrote in about CBG:

How about a chart read on CBG, CB Richard Ellis. I got in last Wed.(6-22) @40.36. Any thoughts??

Chart Request: Beckman Coulter (BEC)

Kevin told me all I needed to know about BEC in his email:

I was scanning for hammers over the weekend, and BEC hit my radar. I put it on the watchlist today and it didn't make a move. What do you think of a position trade in this stock, it looks oversold, but it's also under its 20,50, and 200 MAs. Your thoughts?

Although I love candlesticks, and especially hammers, I always take the prevailing trend into account first. As soon as I see that any stock is under the moving average that's appropriate for my time frame I say "next!" if I'm looking to go long.

Chart Request: Adobe Systems (ADBE)

| 2 Comments

Here's a chart of ADBE for Mark:

Morning Star on the Nasdaq

| 5 Comments | 1 TrackBack

You won't see many better looking morning star patterns than this:

Watchlist for June 28, 2005

Potential swing trades:

Longs - I probably won't post any swing picks until late July -- after the heart of earnings season

Shorts - None

Potential day trades:

CNBC's 'The eBay Effect' Documentary

| 2 Comments

David Faber's latest documentary, "The eBay Effect - Inside a Worldwide Obsession" airs on CNBC tomorrow at 8 and 11 PM Eastern time:
"The eBay Effect - Inside a Worldwide Obsession" is the latest production from the Peabody Award winning CNBC Documentary team and reporter David Faber. It's an unprecedented look at the eBay you don't know, with exclusive, behind-the-scenes access to the world's leading online commerce site.

An estimated 1.8 billion items, worth approximately $40 billion, are expected to be traded this year on this global electronic marketplace. If eBay employed the 430,000 people who earn an income selling on its site, it would be the nation's number two private sector employer. How did this company, just shy of its 10th birthday, change the fortunes of so many?

On the flip side, "The eBay Effect" also examines why some former users feel betrayed and have deserted the popular auction site. Faber delves into claims of fraud and outrage over fee increases and other controversies surrounding this juggernaut.

"The eBay Effect - Inside a Worldwide Obsession" premieres Wednesday, June 29th at 8 and 11 pm Eastern on CNBC.

Watchlist for June 27, 2005

Potential swing trades:

Longs - None

Shorts - None

Potential day trades:

Watchlist for June 30, 2005

Potential swing trades:

Longs - None until August

Shorts - None until August

Potential day trades:

Recent Links

Fortune Magazine on Decision Making

| 1 TrackBack

There's a section on how to make great decisions in the June 27th Fortune magazine. One of the people they interviewed is a derivatives trader. Here's a portion of what he had to say:

I supervise about 23 people, and we can trade $1 billion a day. My goal is to make money 52% of the time. I can make the right call half the time by flipping a coin; a good trader does a little better. Successful traders don't spend much time regretting decisions or going back over things. If a decision turned out to be wrong, so what? Move on. So when you have to make a quick decision and you know that there's a good chance it will be wrong—the worst thing you can possibly do is sit there and panic and hope. You have to be decisive—go on and do it. When I see somebody go into panic mode, I tell them, "Get off the desk. Go for a workout, or go sit in the park for an hour."

Watchlist for June 29, 2005

| 2 Comments

Potential swing trades:

Longs - None until August

Shorts - None until August

Potential day trades:

Chart Request: CB Richard Ellis Group (CBG)

| 1 Comment

Andy wrote in about CBG:

How about a chart read on CBG, CB Richard Ellis. I got in last Wed.(6-22) @40.36. Any thoughts??

Chart Request: Beckman Coulter (BEC)

Kevin told me all I needed to know about BEC in his email:

I was scanning for hammers over the weekend, and BEC hit my radar. I put it on the watchlist today and it didn't make a move. What do you think of a position trade in this stock, it looks oversold, but it's also under its 20,50, and 200 MAs. Your thoughts?

Although I love candlesticks, and especially hammers, I always take the prevailing trend into account first. As soon as I see that any stock is under the moving average that's appropriate for my time frame I say "next!" if I'm looking to go long.

Chart Request: Adobe Systems (ADBE)

| 2 Comments

Here's a chart of ADBE for Mark:

Morning Star on the Nasdaq

| 5 Comments | 1 TrackBack

You won't see many better looking morning star patterns than this:

Watchlist for June 28, 2005

Potential swing trades:

Longs - I probably won't post any swing picks until late July -- after the heart of earnings season

Shorts - None

Potential day trades:

CNBC's 'The eBay Effect' Documentary

| 2 Comments

David Faber's latest documentary, "The eBay Effect - Inside a Worldwide Obsession" airs on CNBC tomorrow at 8 and 11 PM Eastern time:
"The eBay Effect - Inside a Worldwide Obsession" is the latest production from the Peabody Award winning CNBC Documentary team and reporter David Faber. It's an unprecedented look at the eBay you don't know, with exclusive, behind-the-scenes access to the world's leading online commerce site.

An estimated 1.8 billion items, worth approximately $40 billion, are expected to be traded this year on this global electronic marketplace. If eBay employed the 430,000 people who earn an income selling on its site, it would be the nation's number two private sector employer. How did this company, just shy of its 10th birthday, change the fortunes of so many?

On the flip side, "The eBay Effect" also examines why some former users feel betrayed and have deserted the popular auction site. Faber delves into claims of fraud and outrage over fee increases and other controversies surrounding this juggernaut.

"The eBay Effect - Inside a Worldwide Obsession" premieres Wednesday, June 29th at 8 and 11 pm Eastern on CNBC.

Watchlist for June 27, 2005

Potential swing trades:

Longs - None

Shorts - None

Potential day trades:

Watchlist for June 30, 2005

Potential swing trades:

Longs - None until August

Shorts - None until August

Potential day trades:

Recent Links

Fortune Magazine on Decision Making

| 1 TrackBack

There's a section on how to make great decisions in the June 27th Fortune magazine. One of the people they interviewed is a derivatives trader. Here's a portion of what he had to say:

I supervise about 23 people, and we can trade $1 billion a day. My goal is to make money 52% of the time. I can make the right call half the time by flipping a coin; a good trader does a little better. Successful traders don't spend much time regretting decisions or going back over things. If a decision turned out to be wrong, so what? Move on. So when you have to make a quick decision and you know that there's a good chance it will be wrong—the worst thing you can possibly do is sit there and panic and hope. You have to be decisive—go on and do it. When I see somebody go into panic mode, I tell them, "Get off the desk. Go for a workout, or go sit in the park for an hour."

Watchlist for June 29, 2005

| 2 Comments

Potential swing trades:

Longs - None until August

Shorts - None until August

Potential day trades:

Chart Request: CB Richard Ellis Group (CBG)

| 1 Comment

Andy wrote in about CBG:

How about a chart read on CBG, CB Richard Ellis. I got in last Wed.(6-22) @40.36. Any thoughts??

Chart Request: Beckman Coulter (BEC)

Kevin told me all I needed to know about BEC in his email:

I was scanning for hammers over the weekend, and BEC hit my radar. I put it on the watchlist today and it didn't make a move. What do you think of a position trade in this stock, it looks oversold, but it's also under its 20,50, and 200 MAs. Your thoughts?

Although I love candlesticks, and especially hammers, I always take the prevailing trend into account first. As soon as I see that any stock is under the moving average that's appropriate for my time frame I say "next!" if I'm looking to go long.

Chart Request: Adobe Systems (ADBE)

| 2 Comments

Here's a chart of ADBE for Mark:

Morning Star on the Nasdaq

| 5 Comments | 1 TrackBack

You won't see many better looking morning star patterns than this:

Watchlist for June 28, 2005

Potential swing trades:

Longs - I probably won't post any swing picks until late July -- after the heart of earnings season

Shorts - None

Potential day trades:

CNBC's 'The eBay Effect' Documentary

| 2 Comments

David Faber's latest documentary, "The eBay Effect - Inside a Worldwide Obsession" airs on CNBC tomorrow at 8 and 11 PM Eastern time:
"The eBay Effect - Inside a Worldwide Obsession" is the latest production from the Peabody Award winning CNBC Documentary team and reporter David Faber. It's an unprecedented look at the eBay you don't know, with exclusive, behind-the-scenes access to the world's leading online commerce site.

An estimated 1.8 billion items, worth approximately $40 billion, are expected to be traded this year on this global electronic marketplace. If eBay employed the 430,000 people who earn an income selling on its site, it would be the nation's number two private sector employer. How did this company, just shy of its 10th birthday, change the fortunes of so many?

On the flip side, "The eBay Effect" also examines why some former users feel betrayed and have deserted the popular auction site. Faber delves into claims of fraud and outrage over fee increases and other controversies surrounding this juggernaut.

"The eBay Effect - Inside a Worldwide Obsession" premieres Wednesday, June 29th at 8 and 11 pm Eastern on CNBC.

Watchlist for June 27, 2005

Potential swing trades:

Longs - None

Shorts - None

Potential day trades:

Watchlist for June 30, 2005

Potential swing trades:

Longs - None until August

Shorts - None until August

Potential day trades:

Recent Links

Fortune Magazine on Decision Making

| 1 TrackBack

There's a section on how to make great decisions in the June 27th Fortune magazine. One of the people they interviewed is a derivatives trader. Here's a portion of what he had to say:

I supervise about 23 people, and we can trade $1 billion a day. My goal is to make money 52% of the time. I can make the right call half the time by flipping a coin; a good trader does a little better. Successful traders don't spend much time regretting decisions or going back over things. If a decision turned out to be wrong, so what? Move on. So when you have to make a quick decision and you know that there's a good chance it will be wrong—the worst thing you can possibly do is sit there and panic and hope. You have to be decisive—go on and do it. When I see somebody go into panic mode, I tell them, "Get off the desk. Go for a workout, or go sit in the park for an hour."

Watchlist for June 29, 2005

| 2 Comments

Potential swing trades:

Longs - None until August

Shorts - None until August

Potential day trades:

Chart Request: CB Richard Ellis Group (CBG)

| 1 Comment

Andy wrote in about CBG:

How about a chart read on CBG, CB Richard Ellis. I got in last Wed.(6-22) @40.36. Any thoughts??

Chart Request: Beckman Coulter (BEC)

Kevin told me all I needed to know about BEC in his email:

I was scanning for hammers over the weekend, and BEC hit my radar. I put it on the watchlist today and it didn't make a move. What do you think of a position trade in this stock, it looks oversold, but it's also under its 20,50, and 200 MAs. Your thoughts?

Although I love candlesticks, and especially hammers, I always take the prevailing trend into account first. As soon as I see that any stock is under the moving average that's appropriate for my time frame I say "next!" if I'm looking to go long.

Chart Request: Adobe Systems (ADBE)

| 2 Comments

Here's a chart of ADBE for Mark:

Morning Star on the Nasdaq

| 5 Comments | 1 TrackBack

You won't see many better looking morning star patterns than this:

Watchlist for June 28, 2005

Potential swing trades:

Longs - I probably won't post any swing picks until late July -- after the heart of earnings season

Shorts - None

Potential day trades:

CNBC's 'The eBay Effect' Documentary

| 2 Comments

David Faber's latest documentary, "The eBay Effect - Inside a Worldwide Obsession" airs on CNBC tomorrow at 8 and 11 PM Eastern time:
"The eBay Effect - Inside a Worldwide Obsession" is the latest production from the Peabody Award winning CNBC Documentary team and reporter David Faber. It's an unprecedented look at the eBay you don't know, with exclusive, behind-the-scenes access to the world's leading online commerce site.

An estimated 1.8 billion items, worth approximately $40 billion, are expected to be traded this year on this global electronic marketplace. If eBay employed the 430,000 people who earn an income selling on its site, it would be the nation's number two private sector employer. How did this company, just shy of its 10th birthday, change the fortunes of so many?

On the flip side, "The eBay Effect" also examines why some former users feel betrayed and have deserted the popular auction site. Faber delves into claims of fraud and outrage over fee increases and other controversies surrounding this juggernaut.

"The eBay Effect - Inside a Worldwide Obsession" premieres Wednesday, June 29th at 8 and 11 pm Eastern on CNBC.

Watchlist for June 27, 2005

Potential swing trades:

Longs - None

Shorts - None

Potential day trades:

Watchlist for June 30, 2005

Potential swing trades:

Longs - None until August

Shorts - None until August

Potential day trades:

Recent Links

Fortune Magazine on Decision Making

| 1 TrackBack

There's a section on how to make great decisions in the June 27th Fortune magazine. One of the people they interviewed is a derivatives trader. Here's a portion of what he had to say:

I supervise about 23 people, and we can trade $1 billion a day. My goal is to make money 52% of the time. I can make the right call half the time by flipping a coin; a good trader does a little better. Successful traders don't spend much time regretting decisions or going back over things. If a decision turned out to be wrong, so what? Move on. So when you have to make a quick decision and you know that there's a good chance it will be wrong—the worst thing you can possibly do is sit there and panic and hope. You have to be decisive—go on and do it. When I see somebody go into panic mode, I tell them, "Get off the desk. Go for a workout, or go sit in the park for an hour."

Watchlist for June 29, 2005

| 2 Comments

Potential swing trades:

Longs - None until August

Shorts - None until August

Potential day trades:

Chart Request: CB Richard Ellis Group (CBG)

| 1 Comment

Andy wrote in about CBG:

How about a chart read on CBG, CB Richard Ellis. I got in last Wed.(6-22) @40.36. Any thoughts??

Chart Request: Beckman Coulter (BEC)

Kevin told me all I needed to know about BEC in his email:

I was scanning for hammers over the weekend, and BEC hit my radar. I put it on the watchlist today and it didn't make a move. What do you think of a position trade in this stock, it looks oversold, but it's also under its 20,50, and 200 MAs. Your thoughts?

Although I love candlesticks, and especially hammers, I always take the prevailing trend into account first. As soon as I see that any stock is under the moving average that's appropriate for my time frame I say "next!" if I'm looking to go long.

Chart Request: Adobe Systems (ADBE)

| 2 Comments

Here's a chart of ADBE for Mark:

Morning Star on the Nasdaq

| 5 Comments | 1 TrackBack

You won't see many better looking morning star patterns than this:

Watchlist for June 28, 2005

Potential swing trades:

Longs - I probably won't post any swing picks until late July -- after the heart of earnings season

Shorts - None

Potential day trades:

CNBC's 'The eBay Effect' Documentary

| 2 Comments

David Faber's latest documentary, "The eBay Effect - Inside a Worldwide Obsession" airs on CNBC tomorrow at 8 and 11 PM Eastern time:
"The eBay Effect - Inside a Worldwide Obsession" is the latest production from the Peabody Award winning CNBC Documentary team and reporter David Faber. It's an unprecedented look at the eBay you don't know, with exclusive, behind-the-scenes access to the world's leading online commerce site.

An estimated 1.8 billion items, worth approximately $40 billion, are expected to be traded this year on this global electronic marketplace. If eBay employed the 430,000 people who earn an income selling on its site, it would be the nation's number two private sector employer. How did this company, just shy of its 10th birthday, change the fortunes of so many?

On the flip side, "The eBay Effect" also examines why some former users feel betrayed and have deserted the popular auction site. Faber delves into claims of fraud and outrage over fee increases and other controversies surrounding this juggernaut.

"The eBay Effect - Inside a Worldwide Obsession" premieres Wednesday, June 29th at 8 and 11 pm Eastern on CNBC.

Watchlist for June 27, 2005

Potential swing trades:

Longs - None

Shorts - None

Potential day trades:

Watchlist for June 30, 2005

Potential swing trades:

Longs - None until August

Shorts - None until August

Potential day trades:

Recent Links

Fortune Magazine on Decision Making

| 1 TrackBack

There's a section on how to make great decisions in the June 27th Fortune magazine. One of the people they interviewed is a derivatives trader. Here's a portion of what he had to say:

I supervise about 23 people, and we can trade $1 billion a day. My goal is to make money 52% of the time. I can make the right call half the time by flipping a coin; a good trader does a little better. Successful traders don't spend much time regretting decisions or going back over things. If a decision turned out to be wrong, so what? Move on. So when you have to make a quick decision and you know that there's a good chance it will be wrong—the worst thing you can possibly do is sit there and panic and hope. You have to be decisive—go on and do it. When I see somebody go into panic mode, I tell them, "Get off the desk. Go for a workout, or go sit in the park for an hour."

Watchlist for June 29, 2005

| 2 Comments

Potential swing trades:

Longs - None until August

Shorts - None until August

Potential day trades:

Chart Request: CB Richard Ellis Group (CBG)

| 1 Comment

Andy wrote in about CBG:

How about a chart read on CBG, CB Richard Ellis. I got in last Wed.(6-22) @40.36. Any thoughts??

Chart Request: Beckman Coulter (BEC)

Kevin told me all I needed to know about BEC in his email:

I was scanning for hammers over the weekend, and BEC hit my radar. I put it on the watchlist today and it didn't make a move. What do you think of a position trade in this stock, it looks oversold, but it's also under its 20,50, and 200 MAs. Your thoughts?

Although I love candlesticks, and especially hammers, I always take the prevailing trend into account first. As soon as I see that any stock is under the moving average that's appropriate for my time frame I say "next!" if I'm looking to go long.

Chart Request: Adobe Systems (ADBE)

| 2 Comments

Here's a chart of ADBE for Mark:

Morning Star on the Nasdaq

| 5 Comments | 1 TrackBack

You won't see many better looking morning star patterns than this:

Watchlist for June 28, 2005

Potential swing trades:

Longs - I probably won't post any swing picks until late July -- after the heart of earnings season

Shorts - None

Potential day trades:

CNBC's 'The eBay Effect' Documentary

| 2 Comments

David Faber's latest documentary, "The eBay Effect - Inside a Worldwide Obsession" airs on CNBC tomorrow at 8 and 11 PM Eastern time:
"The eBay Effect - Inside a Worldwide Obsession" is the latest production from the Peabody Award winning CNBC Documentary team and reporter David Faber. It's an unprecedented look at the eBay you don't know, with exclusive, behind-the-scenes access to the world's leading online commerce site.

An estimated 1.8 billion items, worth approximately $40 billion, are expected to be traded this year on this global electronic marketplace. If eBay employed the 430,000 people who earn an income selling on its site, it would be the nation's number two private sector employer. How did this company, just shy of its 10th birthday, change the fortunes of so many?

On the flip side, "The eBay Effect" also examines why some former users feel betrayed and have deserted the popular auction site. Faber delves into claims of fraud and outrage over fee increases and other controversies surrounding this juggernaut.

"The eBay Effect - Inside a Worldwide Obsession" premieres Wednesday, June 29th at 8 and 11 pm Eastern on CNBC.

Watchlist for June 27, 2005

Potential swing trades:

Longs - None

Shorts - None

Potential day trades:

Watchlist for June 30, 2005

Potential swing trades:

Longs - None until August

Shorts - None until August

Potential day trades:

Recent Links

Fortune Magazine on Decision Making

| 1 TrackBack

There's a section on how to make great decisions in the June 27th Fortune magazine. One of the people they interviewed is a derivatives trader. Here's a portion of what he had to say:

I supervise about 23 people, and we can trade $1 billion a day. My goal is to make money 52% of the time. I can make the right call half the time by flipping a coin; a good trader does a little better. Successful traders don't spend much time regretting decisions or going back over things. If a decision turned out to be wrong, so what? Move on. So when you have to make a quick decision and you know that there's a good chance it will be wrong—the worst thing you can possibly do is sit there and panic and hope. You have to be decisive—go on and do it. When I see somebody go into panic mode, I tell them, "Get off the desk. Go for a workout, or go sit in the park for an hour."

Watchlist for June 29, 2005

| 2 Comments

Potential swing trades:

Longs - None until August

Shorts - None until August

Potential day trades:

Chart Request: CB Richard Ellis Group (CBG)

| 1 Comment

Andy wrote in about CBG:

How about a chart read on CBG, CB Richard Ellis. I got in last Wed.(6-22) @40.36. Any thoughts??

Chart Request: Beckman Coulter (BEC)

Kevin told me all I needed to know about BEC in his email:

I was scanning for hammers over the weekend, and BEC hit my radar. I put it on the watchlist today and it didn't make a move. What do you think of a position trade in this stock, it looks oversold, but it's also under its 20,50, and 200 MAs. Your thoughts?

Although I love candlesticks, and especially hammers, I always take the prevailing trend into account first. As soon as I see that any stock is under the moving average that's appropriate for my time frame I say "next!" if I'm looking to go long.

Chart Request: Adobe Systems (ADBE)

| 2 Comments

Here's a chart of ADBE for Mark:

Morning Star on the Nasdaq

| 5 Comments | 1 TrackBack

You won't see many better looking morning star patterns than this:

Watchlist for June 28, 2005

Potential swing trades:

Longs - I probably won't post any swing picks until late July -- after the heart of earnings season

Shorts - None

Potential day trades:

CNBC's 'The eBay Effect' Documentary

| 2 Comments

David Faber's latest documentary, "The eBay Effect - Inside a Worldwide Obsession" airs on CNBC tomorrow at 8 and 11 PM Eastern time:
"The eBay Effect - Inside a Worldwide Obsession" is the latest production from the Peabody Award winning CNBC Documentary team and reporter David Faber. It's an unprecedented look at the eBay you don't know, with exclusive, behind-the-scenes access to the world's leading online commerce site.

An estimated 1.8 billion items, worth approximately $40 billion, are expected to be traded this year on this global electronic marketplace. If eBay employed the 430,000 people who earn an income selling on its site, it would be the nation's number two private sector employer. How did this company, just shy of its 10th birthday, change the fortunes of so many?

On the flip side, "The eBay Effect" also examines why some former users feel betrayed and have deserted the popular auction site. Faber delves into claims of fraud and outrage over fee increases and other controversies surrounding this juggernaut.

"The eBay Effect - Inside a Worldwide Obsession" premieres Wednesday, June 29th at 8 and 11 pm Eastern on CNBC.

Watchlist for June 27, 2005

Potential swing trades:

Longs - None

Shorts - None

Potential day trades:

Watchlist for June 30, 2005

Potential swing trades:

Longs - None until August

Shorts - None until August

Potential day trades:

Recent Links

Fortune Magazine on Decision Making

| 1 TrackBack

There's a section on how to make great decisions in the June 27th Fortune magazine. One of the people they interviewed is a derivatives trader. Here's a portion of what he had to say:

I supervise about 23 people, and we can trade $1 billion a day. My goal is to make money 52% of the time. I can make the right call half the time by flipping a coin; a good trader does a little better. Successful traders don't spend much time regretting decisions or going back over things. If a decision turned out to be wrong, so what? Move on. So when you have to make a quick decision and you know that there's a good chance it will be wrong—the worst thing you can possibly do is sit there and panic and hope. You have to be decisive—go on and do it. When I see somebody go into panic mode, I tell them, "Get off the desk. Go for a workout, or go sit in the park for an hour."

Watchlist for June 29, 2005

| 2 Comments

Potential swing trades:

Longs - None until August

Shorts - None until August

Potential day trades:

Chart Request: CB Richard Ellis Group (CBG)

| 1 Comment

Andy wrote in about CBG:

How about a chart read on CBG, CB Richard Ellis. I got in last Wed.(6-22) @40.36. Any thoughts??

Chart Request: Beckman Coulter (BEC)

Kevin told me all I needed to know about BEC in his email:

I was scanning for hammers over the weekend, and BEC hit my radar. I put it on the watchlist today and it didn't make a move. What do you think of a position trade in this stock, it looks oversold, but it's also under its 20,50, and 200 MAs. Your thoughts?

Although I love candlesticks, and especially hammers, I always take the prevailing trend into account first. As soon as I see that any stock is under the moving average that's appropriate for my time frame I say "next!" if I'm looking to go long.

Chart Request: Adobe Systems (ADBE)

| 2 Comments

Here's a chart of ADBE for Mark:

Morning Star on the Nasdaq

| 5 Comments | 1 TrackBack

You won't see many better looking morning star patterns than this: