Market Recap 10/31/2005

The market certainly was unpredictable last week as the Dow surged more than 160 pts on Monday, give it all back during the week, and than gain it all back this past Friday. Thanks to a nice 3.8% GDP number. We now know the economy is still growing at a healthy pace. [...]

Many people believe high energy prices is bad for the economy and maybe justifiably so in the short term. As the short term impact will increase consumer’s heating bills and car fuel expenses thus force the consumers to spend less on everything else and in turn hurt corporate profits as the consumers are the [...]

Senator Bill Frist yesterday called for a hearing on windfall profits tax on oil companies and price gauging. A republican called for a wind fall tax! What is this country coming to! Did we forget that the windfall profits tax enacted by Jimmy Carter in the 1970s exacerbated the energy crisis by [...]

Opening Bell 10/28/2005

Market is tanking again! Everything is being sold off! This is crazy! I’ve closed my long positions like Starbucks and Yum this morning and for some reason I keep Pepsi and it turns out to be a good decision. I’m still holding on to Yahoo, but it hasn’t done anything since [...]

HMO group had severe pull back these last couple of days as result of lack luster guidance from Coventry Health Care. Its guidance for the 4th quarter is 81 to 82 cents and the consensus was 82 cents. The lower guidance is due to Hurricane Katrina. It operates local health plan with [...]

Opening Bell 10/27/2005

Market Recap 10/26/2005

You might be one of 84,290 taxpayers who had some kind of address problem which prevented the IRS from mailing you your refund check last year. The average check is a whooping $871 for a grand total of about $73 million.
If you didn’t get a check and are still waiting for it, you might go [...]

Opening Bell 10/26/2005

Juniper beat the earning by a penny. Revenue rose $546.4 million from $375 million a year ago. Net income rose to $84.1 million, or 14 cents per share, from $48.8 million, or 8 cents per share, in the year-ago quarter. It also raised revenue guidance from $564 million to $575 million.
Bulls View:
The company [...]

Opening Bell 10/25/2005

Market Recap 10/24/2005

Mid Day 10/24/2005

Long: GENZ, STJ, ACN, VRSN, SNDK, JNPR, BBY, DELL, IHP
Short: GILD, OIH, BRCM

Market Review 10/23/2005

With Google’s block buster earnings release, you can’t help but wonder if Microsoft is too late to the advertising game. Looking at the stocks performance on MSFT, YHOO, these two stocks didn’t move on Friday at all. As if the investors think Google has already dominated the internet advertising the same way Microsoft [...]

Opening Bell 10/21/2005

Market Recap 10/20/2005

I can’t believe the market today!!! Everything is down!!! Was yesterday just a one day wonder? Very tough day:(
Looking on the bright side, I’ve roll out some of my gains this morning.

Trade Executed 10/20/2005

Daily Trading Ideas 10/20/2005

Google map stirred political controversy in the way it named Taiwan.

Market Recap 10/19/2005

Mid Day 10/19/2005

Opening Bell 10/19/2005

Market Recap 10/18/2005

Not sure the details yet, More to come. But I hope I’m wrong.
Update: No possible case. LAX is just creating a quarantine plan.

Tax panel is ready to submit its recommendation to the president. Some of the key recommendations include:
Abolish AMT
Abolish local and state deduction
Limit Mortgage Deduction ($300,000 in the propose mortgage limit)
Consumption Oriented Tax
Overall the proposal seem great, but how much of it is going to pass that’s another story. Especially the Limit Mortgage Deduction, [...]