Wednesday, July 21, 2010

MIDDAY

(stock #'s in %) Ten % A Day Would Make A Big Pile Of Hay

Dow 10k. Reached it over a decade ago. Basically up from 1k which it was nestled in at for several decades. I know. I was investing then too.

The digital revolution and the end of the cold war gave us the rise to where we are now. It's understandable that it takes time to digest. Yes, companies are making more and have more than they did ten years ago. And we've had our existential and financial scares now. So I can see us hanging out at 10k Dow give or take a couple k's for a while. Though that 14k does give a siren call out.

So, if we're indeed mucking through this recession-recovery, maybe we won't have a big second bottom for the typical classical "W". And, if you look at the long-term dow chart, you could draw the conclusion that '02 and '08-'09 were the double bottoms. Just taking a longview. And remembering the old mental hospital in town was called "Longview". And then in the 60's - maybe it was after Dallas - they closed all the mental asylums and let the nut cases loose and reinstitutionalized the criminally insane. Or so we believed.

Man, I digressed again, didn't I? Anyway, the market can't muster the strength today to battle with the day lines. Perhaps we're substantially confused whether it's going to get better or worse. And an election year does no help. Well, onto the double digitals.

WWEI down to up 56. Look at that volume, though. Might consider a buy up the road when this profit taking clears out. They did hit .006 or somewhere around just recently. Now 51 as I write.

DSTI up 46. There's no news. They're just loved. AWNE up 40. That's just spread. EVCA up 28. Who knew? NACF up 24. The oil cleanup thing. GCHK up 20. FEWP up 15. CSUN up 10. ACPW up 8 (another mention by me what, days ago?). Sure easy to make money when you know what's going to happen.

WWEI 40.

WBRE down 30. The spread. Really. AEBF down 20. Spread. AGEY down 20. Profit taking. EQST down 17. Profit taking. ELCR down 16. Ridiculous price. BSRC down 13. Profit taking. So many of these come back up the next or go back the next day. And if you just squeeze in there between the spread there's money to be gat. But I am looking more long term. The ABAT, the ALTI, the AKNS, the ACPW, the APWR, the BWEN, the COMV, the ELON, the LSCG, the VUOC and so on and so forth.

By the by, have you red about that oil spill in China? Cleaning it up with chopsticks. An explosion. Hm. Does someone want the price of oil to go up? Iran making China pay for their going along with sanctions?

Well, happy gardening. Maters coming in nice and beans coming up.

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