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a worst case scenario. Just above it's 52 wk low
of 82. Of course the fate of pretty much all stocks
holding their '08 lows hinges on whether we hold
last weeks lows on the Dow Industials.Big 2
weeks coming up I think.Unfortunately for the
die-hard non trading perma bulls,the market...
and all expensive stocks are very vulnerable at
any moment here to ANY futher percieved bad
news on just about anything.
It takes a long long time for them to come back up---
and in a lot of cases the last low isn't the low at all---
zee
Here's an example---
If you missed AAPL at 126---
You'll get another chance
support is at 126.
support: 126/122/116/112/110
resistance: 134/136/140
most coal stocks are above a stretched out upper BB13 band--
I can't tell if they pulled back for just the one day on a momo play--
or really reached resistance
zee
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Market Meltdown or not, Alternative Energy Advances
By Jeff Siegel
Well there's nothing like a complete market meltdown to make you question every move you make.
On Wednesday, the market began to stage an impressive comeback. The Fed jumped in with a rate cut, the stimulus deal was underway and a lot of strong earnings were forecast for today.
Unfortunately, many counted their post-meltdown chickens before they were hatched.
Relief quickly turned to panic again around 12:00 this afternoon as the market started giving up early gains. But really, what did we expect?
The problems that led us to this most recent implosion won't magically disappear with a panic-driven rate cut, billions of dollars worth of rebate checks and a quick round of strong earnings that, you know as well as I do, will be overshadowed by the next round of dismal earnings.
Meanwhile, the headline "Societe Generale Apologizes Over Fraud" just happened to have made its way into my spam folder exactly 7 times today (I'm still a bit sketchy on how exactly one trader pulled off a $7 billion fast-one), while rumors of possible trouble with another hedge fund hit the news wires. Though until stories like these become validated, it's difficult to separate truth from manipulated truth.
Regardless, none of this is going to contribute to an extension of yesterday's rally.
But then again, no one should've really been that surprised. Even without that laundry list, after coming off two days of heavy gains, it's normal to expect investors to take some profits off the table when the market is this shaky.
The question now is-how do we proceed?
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For the answer to this, I'll have to draw on something a truck driver told me in Indiana during a tornado alert in 2003. Being unfamiliar with the protocol during a tornado warning (we don't get many of those here in Baltimore), I asked him what we were supposed to do, after I heard the warning siren. He said, "Hold on to your ass, and sit tight!"
If you're in this thing for the long-haul, then you probably know that selling into something like this will only leave you kicking yourself later. Of course, if you're a trader, then this is certainly a good time to go hunting. But that requires a level of cojones that even I'm not willing to take on for at least another week or so. In the words of my colleague, Chris Nelder: "No need to be hero right now."
That being said, when the smoke does clear, there will be some excellent buying opportunities. Until then, it just seems to make more sense to focus on what's going to move us forward tomorrow...not what's dragging the whole market down today.
And market meltdown or not, the green sector continued to advance this week. It's just that few could pull themselves away from the avalanche of bad news long enough to see much else.
Probably some of the most exciting news for us came out of Brussels this week when it was announced that the E.U. had released its latest climate change proposal that would require a target for supplying 20 percent of its energy needs from renewables by 2020.
Folks, this target will only help contribute to the already strong renewable energy momentum in Europe.
We expect to see some of the biggest opportunities stem from the wind energy market (especially the offshore variety) in the UK. The British Wind Energy Association expects to see between 6,000 to 7,000 offshore turbines by 2020. That could provide about 25% of the country's electricity.
And Italy and Spain are projected to offer up some serious growth in solar this year too. In fact, it's because of Spain's aggressive solar initiatives that two of our solar plays, one in Green Chip Stocks and another in the Alternative Energy Speculator, continue to deliver.
The carbon trading industry is expected to gain a lot from this proposal too.
There was also another interesting piece of news this week that didn't get nearly the attention it would've received had it been released during more stable market conditions. That little electric car company, Zap (OTCBB:ZAAP ), announced earlier this week that it had received an order for 30 of its electric trucks from Montevideo Refrescos. This is a subsidiary of Coca-Cola (NYSE:KO). Montevideo plans to use the trucks for deliveries in Uruguay's capital.
And finally, on Tuesday, Lockheed Martin announced that it was expanding its business operations to capture the private energy-management market. Apparently, the military behemoth doubled sales of its energy conservation services to private companies in 2007.
Of course, we're not surprised. This is a sector that's expected to be one of the most profitable of 2008. It's a short-term fix to a long-term energy crisis. And it's a hell of a lot cheaper than building new power plants. Rest assured, we'll continue to cover this sector throughout the year.
To a new way of life, and a new generation of wealth...
This January selloff is the best time to get in solars.
AAPL at $117. That's the 61% Fibonacci Support
at 190 & 180. Also long stocks like CROX right at the
top at 70 & then still in the 60's, 50's & 40's,...etc.
Remember...Broken clocks are right twice a day !
bulls make money, bears make money, pigs get slaughter.
That is one of my pet peeve when people say long they really mean trade.
No one in the right mind would buy and hold AAPL at 180 -190.
But as a trade, the risk vs reward is there provided you don't let the loss run out of hand.
Buy AAPL at 130 and get out at a 5% loss. If you have a 5% gain then take it.
I have complained about leaving profit on the table quite often. But taking profit on AAPL has saved my arse. So it's a two way street.
CSIQ Failed at middle band—
CSUN 10.6 middle band resistance
ESLR M.B. 13.5-stuck 100d 12.2
FSLR 100 d = 178.7 failed—MB 196
JASO MB = 64.3 failed
and here's your question---???
LDK above MB—Middle Band is not in a steep decline –next resistance is 47 or upper band--= 50/50 to me---I don’t know what to do with LDK
then $24 = 100 day
then $26 = upper BB13,2 band--
PBW at 200 day= 22.1** failed
zee
lol
zee
https://www.blogger.com/comment.g?blogID=695311...
http://www.movethemarkets.com/blog/2008/01/03/t...
He is atleast honest...Guys now tell me how much are your losses...
this guy is at 80% loss
I don’t exactly know where I go from here. My every waking moment has been trading, markets and everything in between for the last few years. Podcasts, websites, books, talk-radio… Suddenly, my world seems to have gone silent. I’m a very driven person, and I don’t take much down time. Every spare second was spent doing something related to my goals. Now my driving purpose has faded away, and my life seems empty. That purpose and clear direction is destroyed. I plan on focusing now on those close to me who need that energy and attention that I’ve been spending elsewhere. Maybe this is the answer that I’ve been seeking all along, trying to find it in a few R’s when it was right in the walls of my own home.
Barron’s Roundtable members like WMI, ROH, INTC, XLNX, EUM, FXP, SCJ, FIS, HAFC, BAC, LNC, PAY, CHK, HIG, DVN, ESV, AVT, ROST, ZINC and ELRN.
Shorts include: XLY, FXI and DRYS.
“Plugged In” column discusses Apple’s (AAPL) iPhone sales. Last week, AT&T (T) revealed that as of yr-end it had only 2m or so active Apple subs. That's a disconnect b/c Apple just announced with great fanfare at MacWorld that is has sold more than 4m phones. Considering that 3.75m units were sold through Dec31 and assuming about 350K of those were sold in Europe, that leaves about 1.4m US iPhones missing in action, says Bernstein analyst Toni Sacconaghi. "We were anxious about inventory b/c Apple was so reticent about it," Sacconaghi told. Unaccounted inventory "was a little bigger than we thought," he says. There are two things that can account for the missing handsets: carrier inventory and unlocked phones. iPhone owners who didn't want to use AT&T or Apple's European wireless carriers have cracked open the phones to use with unauthorized networks. Nobody knows how big this number is except for Apple and the carriers. Sacconaghi ests that about 20% of all iPhones sold are improperly unlocked, which, he says, means at least 670K iPhones are sitting on the shelves of AT&T and the euro-carriers.
http://blogs.barrons.com/techtraderdaily/2008/0...
too many returns expected this year..