In these economic times investors are losing lots of money while others are making lots of money. What is the difference between the former and the latter? I always say, look to those who are smarter or who have already made it for the best advice. Who better to counsel, the Oracle of Omaha.
There are three things that Warren and I agree on definitively: a) if it is too good to be true, it probably is, b) always look at how much the other guy is making when he is trying to sell you something, and c) stay away from leverage. Nobody ever goes broke that doesn’t owe money.
So what does the Oracle say about the markets right now? ”He remains pessimistic about the economy’s short-term prospects, saying the latest numbers from his Berkshire Hathaway companies show that consumer spending remains very weak.” You can read his entire interview with CNBC here: http://www.cnbc.com/id/31836625/
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Tagged: economy, investment tips, stock investing, Warren Buffet
With regard to $BQI, we are looking at today’s drop as a possible support and that it might pop off that bottom soon. Looking at the strength shown on intraday trading the issue looks like it will do well when crude prices improve, which with this news seems to be imminent.
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Tagged: BQI, day trading, investment, oil stocks, stock bounce, stock gains, stock picks
$UNG, $BAC and $FAS All have shaped up nicely with advances for all three. The bull ETF, FAS, was optimistic indeed given our suggestion to keep your eye on it after the past few successive bearish days.
UNG is coming off its bottom and looks to be shaping up pretty good. We’re looking for something a bit more interesting out of natural gas though as the La Nina hot air mass in the Pacific will drive Caribbean weather through hurricane season. Detailed in this post and the related LINK.
BAC popped today as we had anticipated in yesterdays post. BAC was part of the market wide rally that was led by the financial sector.
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Tagged: day trading, investment, natural gas stocks, stock bounce, stock gains, stock picks, UNG
$BAC has been trending up for a while and has been giving out fairly decent rewards to those who pay attention. With a bit of a drop today we feel prompted to keep an eye on BAC as there are continued market wide concerns about earnings and a lack of full confidence in the recovery on the whole, http://www.cnbc.com/id/31.… As a result we’ll be looking for a dip for BAC and then a bounce as a result of larger market sentiment in relation to these shares.
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Tagged: BAC, bank stocks, day trading, investment, stock bounce, stock gains, stock picks
With about 8% in gains in the last two days, $FAZ has been our bear market play of choice in these troubled times and as we proposed in yesterday’s post and in our Tweets this past weekend,
Futures foretell a bloody day in the markets $FAZ should be a solid mover tomorrow, http://www.cnbc.com/id/17689937
Broader market indicators such as you’ll find in the CNBC link above and also the calendar at Bloomberg become more relevant with a play like FAZ or its sister ETF the bull market play FAS. It would probably be good to keep an eye on FAS because you can’t always be a pessimist.
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Such is the view of the contrarian strategy. $FAZ bounced just as we discussed with many of you on Twitter this past weekend. We have been plotting our FAZ trades with the use of economic calendars and leading indicators that are available at both CNBC and Bloomberg, among others. FAZ is going to do a split which may cause some ripples but will essentially continue to behave the same way after the dust settles.
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Tagged: day trading, investment, stock bounce, stock gains, stock picks
$RZ has concluded the financing deal which was what caused the precipitous fall in share price in the past week or so. This looks to be the new bottom. Now its time to find a new entry. We’re going to keep an eye on today’s trading with that in mind.
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Tagged: day trading, investment, stock bounce, stock gains, stock picks
RZ has done as we predicted last week in the wake of some market panic due to the way a round of financing was structured, as described here. Now we see our stand vindicated with a healthy +9% jump in today’s trading.
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We’re going to be looking for a $UNG share price bounce when the weather turns bad. It seems to be going that way down in the Caribbean. One blogger who has really been digging into the meteorological data has come up with some interesting conclusions,
I believe that this summer will be marketedly different from last summer in terms of investing in oil and gas hurricane plays [UNG]. In 2008, increased drilling spurred on by high prices and falling demand due to the recession resulted in hurricanes being selling opportunities with small and very temporary price spikes. This summer, the falling rig count (which should finally be noticeable by mid-summer) and increasing demand should result in hurricanes being flashpoints for short covering that could result in very quick spikes. We shall see. I am holding steady on my position, and will not be adding further through early July. I own no other gas companies except small positions in Ultra Petroleum (UPL) and DTO, the Short Oil ETF (Re: oil-gas ratio/hedging). For those not invested in Gas, this may be a good opportunity to initiate a small starter position, and keep a close eye on storage reports, rig counts, and the tropics before continuing to accumulate. LINK
He has done some interesting work that bears looking at. We will be definitely keeping an eye on UNG as it bottoms.
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Tagged: day trading, investment, oil stocks, stock bounce, stock gains, stock picks
