Monday, May 14, 2007

Pre Market

The markets in Asia are very bullish with big gains in Hong Kong. Europe while not as bullish is still fairly strong.

Stocks In Play

Earnings Announcements

A GBE SINA TGB AUY ELOS STEC DMH CBD CNTF BNG VOXX are same of the names I am keeping an eye on.

I love reading articles like this.

"We still can make money," Ding said as she stood at the counter at Tiantong
Securities with the paperwork for her new account. Asked what stocks she would
buy, Ding said, "I don't know. I'm still learning."
Could we really be in the early stages of a 'Super Bull' market as some theorize or is it more likely that we are somehwere at the end. Just follow the 'dumb' money and you will find out.
And for all those that are suggesting that the retail investor is not participating in this rally I ask the question

' What retail ? The broke American consumer that has a negative savings rate ? The same American consumer that has negative home equity because they cashed it out and spent it ? The same American consumer that is now close to losing their home in foreclosure ? The same American consumer that is enjoying record gas prices not to mention inflationary increases in most products of daily consumption ? '

In takeover news, Chrysler is being bought out by private equity firm Cerberus. The big loser are Chrysler shareholders who have been screwed with all the equity erosion over the years.

Here are the top 10 stocks as rated by Investor Business Daily. IBD stocks tend to do well during the early and mid stages of bull market since they are momentum based.

Pre market futures are pointing to a mixed open. I would say you cannot go wrong buying weakness in the indices. The question is how many points do we run up today ?

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