Destruction!

So my computer finally gave up and died. I abused it. So I know have a brand new Acer 5920 and shall begin posting again soonest, as soon as I can get Vista to like my Outlook 2007. In case you haven't been watching TCM is going to be announcing 3rd quarter results early next month. That was enough to push it up a little. It still has strong fundamentals and worth the watch.

Another contrarian is our friend Countrywide, up over 4 on Friday. Again momentum from, hey wait we screwed up and lost lots of money but we will be profitable soon. It does sound analytically feasible but definately worth the watch.

DECK, my ultimate nemesis as I was poised to buy it at 18.XX is now over 145 and was bought up by institutional investors Friday making its strength that much greater...

I still like overseas ventures, even though they are volatile, look at the US. 3 funds to look at: ACINX, HIOMX, PRIDX.

More to come later...

Remember to give some of those profits!

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20 Minutes 1200 Bucks

So before I left Florida on Monday I dropped an extra 5k into BCSI, took about 20 minutes from deciding to do it, selling a speculative position and buying BCSI. Friday at the bell profit was over 1200 bucks. Not bad for a quick play. Not only did it pay for my weekend in Fl, but I pocketed about 500 bucks extra.

I will be covering some short term trading strategies over the next few weeks. For those of us not brave enough to enter the day trading arena we can still make profits and "ladder" them into large returns using limits and applying fundamentals to make good plans in the evening to execute automatically over the next day to a few weeks.

Stay tuned as I find time... Let's all make some money. Please leave comments on how you are doing and on any tickers you have researched or are watching for the short term play.

Yahoo!

So Google and Yahoo are set to report earnings next week. While Google is obviously a rocket and latest price targets are reaching well over 700$ Yahoo has been falling and lost a little of the search market ground. So how does this relate to Alibaba you ask? Since Yahoo is committed to buy 1B$ of Alibaba's IPO I think Yahoo should be in a better, more positive, position to commit that much money. They also have a 40% stake in the Alibaba Group.

Where is the good news in all this? Recently Yahoo has begun to make some acquisitions to position itself to perform better in the future. Two recent acquisitions focus on what makes Google such a powerhouse, on-line advertising. Analysts estimate these acquisitions should contribute between 400 and 600M$ in revenue over the next 12-18 months. Positive news for a company that seems to be losing ground in the search engine market.

This along with the IPO commitment set Yahoo up to bring some shareholder happiness in the future. Maybe a long future in Yahoo but a future at least.

What's new today

So, I don't get to look at the market all day now, however if you have looked at my site lately I mentioned the Alibaba IPO, it is very similar to VMW as in EMC owns a bunch of VMW and Yahoo owns a bunch of Alibaba. So again, if you can't get in on Alibaba get in on Yahoo.

Although VMW is up 107% as of today. EMC is starting to move as well.

This came across my radar today... will be looking at in the near future:

BluePhoenix Solutions, Ltd.(USA) (BPHX)

DNDN--my favorite nemesis of a stock, along with, DECK, Dendreon has a prostate cancer drug in final phases of trials, looked somewhat promising that the FDA was going to approve but didn't, is in-value now with high potential next summer when results of the testing are released.

Actually several cancer drug companies have drugs entering various stages clinical trials... more to come over.

BCSI has been doing very well since the split. Need to watch the technicals to minimize risk.