Monday, May 29, 2006

German Investment

FRANKFURT, May 29 (Reuters) - Demag Cranes is putting the final touches to an initial public offering that will lead to a Frankfurt stock exchange listing on June 20, financial sources close to the matter told Reuters on Monday.

By Chris Nuttall in San Francisco
Monday May 29 2006 14:15
Advanced Micro Devices (NYSE:AMD) said on Monday it was investing $2.5bn in a German chip factory in a move to expand its capacity and grab more market share from its rival Intel (NASDAQ:INTC).

Friday, May 12, 2006

20060512 Tom PM

INDU 11380.99 down 119.74.
SPX 1291.24 down 14.68.
CCMP 2243.78 down 28.92. Is back to January 03 breakout.
Gold Hit swing point from 1980. Now retracing. Will go back to 615 or high 500s. Volume in equities at the highs.
Bonds 105.14. Closed at low. Going to 100.
Biotechs had some strength today.

NDX 1635.81 down 21.67.
QQQQ 40.19 down .55. January 03, November 10.
ANSS 55.04 down .57. Will test 53.80. Buy at 49.13 if volume lighter.
GLD 71.12 up .09.
BGO 5.58 down .39. Russia risk. Buy back around 4.68.
TSCM 11.34 down .48. Wait for retracement to at least 9.93.
RTY 742.40 down 15.07. 733 is next price.
UNH 45.84 up 1.47. Can bounce to 49.32.
RIG 84.36 down 3.30. Wants to go to 70. Wait for bounce to short.
OMRI 13.95 up .45. New issue. Biotech, may buy here.
HL 5.46 down .59. Look to buy at 4.37. Going to 9.45 in a few years.

GBN 1.99 down .13. Wait to buy.
PRST 10.44 down .71. Consolidation 8.76 - 12.
TGB 3.32 down .26. Can test 2.20s.
KLAC 46.62 down .44. Needs to hold 45.33. SMHs held up well in this market.

Thursday, May 11, 2006

20060512 Marc with Harry

Market sold off with huge volume.
Gold 26 year high.

Gold making a top.
MOVI 4.83. Up 52%. Gapped up. There will be sellers at 5.75.

Harry:
Day after fed announcement is the day to watch. Today was ominous.
Gold and silver stocks going down while metals are going up. Stocks are anticipating correction in metal prices.
PAAS Looks terrible, though short term oversold.
HSTM 4.63. Held up, consolidation. Must stay above 4.20.
SIFY Trailing REDF.
REDF Harry chart of week. Broke three month downtrend with increasing volume.
BIDU Harry chart of week.
AMD Dangerous. Risk going down to 25 on a retracement. Today was a very bad day. Price got ahead of itself. Don't try to pick a bottom here.
OTIV Consider buy at 10 or 11.
ASVI Possible short. Ugly.
CER[MN] 37.31. Beauty short. Looks lower to the high 20s.
FFIV Nasty looking chart.

Wednesday, May 10, 2006

20060510 Marc

FOMC met and raised rates.

HANS Going higher.
ENER Up 5.60. Going higher, looking for 59.60.
Jewels Marshon.
NUAN Down 1.39. Harry Boxer favorite.
OVTI Could be topping.

ZOLT Up 20% after hours.
IRIS Could be coming off bottom, or not. Not high probability long.
GNTA Down .13. Broke down today. Ugly.
IFN India fund. Buy a pullback.

Tuesday, May 09, 2006

Easy Commodity Investing

These trade like stocks.
Silver SLV
Gold GLD IAU
Oil USO

GDM becoming an ETF will affect the stocks it contains.
The Amex Goldminer’s Index (AMEX: GDM) is a market cap weighted index of gold and silver producers that are listed on the AMEX and NYSE. GDM is about to become an ETF.

Saturday, May 06, 2006

Ideas

PSPFX 19.00. US GLOBAL INVESTORS FUNDS US GLOBAL. Has been on a tear the past couple months from 15 1/2.

Friday, May 05, 2006

Consolidated-Tomoka Land Co.

Activist fund manager makes a move
Wintergreen Advisers takes large stake in Florida property developer

By Jonathan Burton, MarketWatch
Last Update: 2:35 PM ET May 5, 2006

SAN FRANCISCO (MarketWatch) -- Mutual-fund manager David Winters, known as an activist shareholder, is stirring up a small Florida real-estate company.
Wintergreen Advisers LLC, a Mountain Lakes, N.J.-based money manager that oversees the Wintergreen Fund (WGRNX), filed a Schedule 13D late Thursday with the Securities and Exchange Commission disclosing a 12.3% stake in Consolidated-Tomoka Land Co. (CTO ), a Daytona Beach, Fla.-based property developer with a market value of about $354 million.

Monday, May 01, 2006

20060501 Tom PM

INDU 11343.29 down 23.85. Down on volume. 11260 is open for a test.
SPX 1305.19 down 5.42. Down on volume. 1285 is open for a test.
CCMP 2304.79 down 17.78. Going to January 20th.
Gold 656.40 down 3.80.
Dollar 85. Bottomed today. Will see a big countertrend bounce to 92.
Bonds down, rates going up.
Oil 73.69.

AGT .68 up .02. Will test the recent low because there was so much volume there.
NVAS .69 up .01. Bulletin board stock.
SIFY 11.64 down .11. Filled the gap. Not ready to buy. Will test 10.75 again.
GOOG 398.9 down 19.04. Support at 388.
CMA 55.61 down 1.26. Consolidating. Can go a point lower, then if it goes with volume can go to 50.
BMGX .86 up .25. Bulletin board that bought a miner royalty.
GG 36.04 up .92. Can pull back 5 points, buy why sell and pay the taxes? It depends on your trading plan.
HMY 16.65 down .15. Want to be in the south africans if the dollar has some strength.

AKS 14.90 down .01. Not a buy. Buy around 11.97 at the gap.
CVX 61.17 up .15. Rejected high with lighter volume, so can go back to 58.
TOL 31.18 down .97. Going down to 25. Housing is done.