WallStreetis4Lovers

Entries from September 2008

Gangs all here! AAPL, GOOG, RIMM, V, DJIA, NASDAQ

September 30, 2008 · Leave a Comment

Herd mentality. Our brains are simply wired to follow the crowd when we don’t know what to do. In times of uncertainty and when threats become real, it’s easy to dismiss our own logic and look to the wisdom of others. If 100 other people are doing something, it cant be wrong, right? And this is exactly what happened in yesterdays market spurring a selling spree. What about those who swim against the current, who know such panic is often an illusion? What about those people buying right now?  Could a sort of “lone sheep mentality” be just as logical?

A little green goes a long way.  Stocks slightly rebounded after yesterdays dismal display in the market, although the economy as a whole is still in trouble. With the bailout denied, Congress is expected to now determine the alternative. No pressure Congress. The public is only expecting Bailout Plan 2.0 to be even better than its predecessor.

PredictWallStreet has gone green. Well, there forecasts have at least. Tuesdays forecasts include some of my favorite companies like Apple (AAPL), Google (GOOG), Research in Motion (RIMM) and Visa (V). AAPL is expected to close up today which appears to be good news as there stock has been slumping lately and hit its 52-week low. So it looks like I was right about my predictions yesterday. Apple did indeed close down at 105.26. However, they’re doing great today and are up almost 7%. Its not exactly the 17% they were down yesterday, but at least things did not get worse. GOOG is also forecasted to close up today as well. Sentiment for Google fell drastically becoming more bearish, but has suddenly seen an upturn. I hope this is due to a an increase in consumer confidence, despite the bailout blowout.

I haven’t hung out with Research in Motion in awhile and it feels as if things never changed. That always seems to happen with good friends no matter how much time has passed. RIMM is forecasted to close up today. Sentiment was pretty bearish at end of last week, but seems to have slightly recovered and is now flat lining. Analysts actually upgraded RIMM this morning, saying “its a high quality company at a reduced price.” While RIMM missed its quarterly estimates by a penny, I believe it could still be a strong stock. 87% of predictors predicted RIMM up today.

And Visa (V), my beloved credit card issuer. I’m actually a little surprised that you are forecasted to close up today as so many analysts keeping reporting credit cards to sink. Looking at one week sentiment I can see that sentiment was extremely bearish last week, then temporarily peeked, and is now starting to come back down. Regardless, V is up today almost 5%. I predicted UP today for them as well. Because the stock market didn’t crash as much ( not that it wasn’t terrible)  as people expected when the bailout didn’t pass, I think the public’s general confidence didn’t drop as much as we expected too.  So while people might not be entirely optimistic about the future of our economy, there is an inkling of hope.

I also like to look at the overall sentiment chart on PredictWallStreet because it gives me a good “bigger picture” feel for the market. This is what it looks like right now, but its refreshed every fifteen minutes so by the time you click here, it may have changed.

So the NASDAQ and DJIA are getting eaten by the bears again, while somehow the SP500 is managing to hold onto its bullish sentiment. When I checked this graph yesterday, the NASDAQ and DJIA were practically off the scale at the bottom, so relativley, this is better news. What I get from this is that somehow, someway, people in Wall Street are not panicking as much we thought which is amazing because, like I said, that sort of herd mentality can be just as detrimental.

It’s really an interesting time right not be an economics major. I really enjoy being right in the thick of things. Going to class isn’t even that bad, its like learning about my life. Its also nice to be able to have an informed conversation with your professor instead of my usual “can I just email you this assignment tomorrow” convo.

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Eaten by the bears: DJIA, AAPL, BAC, C, WB and the list goes on…

September 29, 2008 · 2 Comments

BREAKING NEWS: The bailout plan has been rejected by the House. And the next question: what now? The Dow slid almost 6% on the news this morning.

This weekend I did nothing. Absolutely nothing. I have to do nothing long enough that I get bored of doing nothing and it motivates me to do something. That’s why Monday was invented. So that after doing nothing all Sunday I want to do something Monday. This is also why summer was invented.  I had my last first day of school on Friday. I’ve never been more miserable. After I hiked to my inconveniently located class, I sat in an non air conditioned room with 60 other people. I realize a lot of students waste professor’s time with rhetorical and asinine questions, but what about my professor wasting my time? When do I get to call those shots? I am, after all, paying you for my education and I expect you not to waste my time just as much as you expect me not to waste yours. All this zealous must be the excitement I am harboring for a new school year. Righttttttt. Or something like that.

If you’re worried about consumer confidence, stay off the internet. Don’t turn on your t.v., don’t read the newspaper and certainly don’t look into the eyes of Paulson on Bernanke. Dogs can smell fear; I can see it in the eyes of our most noted economic leaders through a glass screen in my living room. There are losers and there are winners in the bailout scheme, but most of Main Street knows the bandages won’t be big enough to cover there wounds too. If it’s a game of confidence now, panicking is probably the worst option.

Upon hearing this news of the bailout being rejected, I checked the overall sentiment meter on the front page of PredictWallStreet. Sentiment for DJIA has fallen into the extremely bearish zone. In fact, it looks like its about to fall off the meter. The NASDAQ and SP500 are holding on in bullish territory. I would imagine that such immense news would have a more rippling effect and that while the DJIA is most bearish, other indices will follow shortly. Since these are refreshed every fifteen minutes, I’m gonna check back soon to see there status.

PredictWallStreet’s forecasts this morning include a few headliners, such as Citigroup, Wachovia, Apple and Bank of America. This morning Wachovia sold its operations to Citigroup for $2.1 billion. Citigroup (C) is forecasted to close down today from its opening price as well as Wachovia. One week sentiment for Citigroup is in the bullish zone, although looking at 1 to 3 month sentiment shows it has started to slightly fall. Wachovia bank (WB), who has almost 500 predictions this morning, was also bullish, but has become more bearish most likely due to its insolvency.

Analysts also downgraded Apple this week, helping it hit its 52-week low. PredictWallStreet forecasts Apple (APPL) to actually close up from its closing price. With the recent news of the denied bailout, and Wall Street in a frenzy, I may actually have to disagree with this forecast. Sentiment for Apple is becoming more bearish, and the price has dropped almost 17% this morning. I’m not exactly sure how it could recover that much in the wake of recent events to close above its current price of 106.69 today. And speaking of all time lows, Google (GOOG) fell below $400.00 for the first time in 2 years this morning. Yikes bikes!

Bank of America (BAC), Goldman Sachs (GS) and Morgan Stanley (MS) are also forecasted to close down today. I’m gonna have to agree that these are pretty solid expectations. I would be curious to see what exactly is up, if anything, in today’s market.

The uncertainty and instability of our economy is crushing. As I press refresh, I’m literally watching NASDAQ sentiment slide down the meter and fade into the red. It’s a weird feeling watching history be made right in front of your eyes.

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Bailout Blues

September 25, 2008 · 1 Comment

“The point is this is one of the most important irrevocable economic decisions we will ever make. Let’s make it in a state of panic.”  — Stephen Colbert

Any questions I had regarding the bailout seem futile; at this point we have no choice. An agreement has finally been reached by congressional representatives this morning regarding the bailout and is hoped to be voted on by the House, Senate and President in coming days.

Stocks surged this morning on hopes of the bailout. The sentiment meter on the front page of PredictWallStreet shows the NASDAQ and DJIA bullish while the SP500 remains barely bearish. The sentiment meter is being refreshed now ever 15 minutes to show significant shifts in investor sentiment.

Few forecasts today including Bank of America (BAC), Goldman Sachs (GS), American International Group (AIG) and Morgan Stanley (MS). Bank of America is predicted to close down today, even though price is up right now. GS and MS are also all up right now, but are forecasted to close down, while AIG is forecasted to close up. Sentiment for AIG has also shot straight up as investors became more bullish on its bailout. In my opinion, stocks are riding the buzz of the bailout right now and are still pretty volatile. I can’t exactly trust all this green right now, and am still feeling pretty skeptical  despite the overall optimism right now in the market. I feel a lot of times these prices reflect immediate news hype but usually deflate as that steam runs out. I’m interested to see if the market will be as bullish tomorrow. I’m even more interested to see what will happen next week as the effects of the bailout begin to reverberate throughout our financial system.

And speaking of more bailouts, a $25 billion rescue plan has been passed to help out GM, Ford and Chrysler. Eh, whats another $25 billion these days anyway? Give em what they want. GM and Ford were expected to run out of cash by 2009. And no cash is best friends with bankruptcy. The loans will help the trio buy time while they renovate there lines and create more hybrid lines to compete with stronger auto industry brands. I predicted down on General Motors (GM). There price is falling, although sentiment is not nearly as bearish as I thought it would be. I also predicted down for Ford (F) whose price is actually seeing no change right now. It’s about time these companies jump on the innovation train and dump the SUV’s of yesteryear.

I’ve been looking at pictures of Google’s new phone the G1 and you know, I really just like it. I like the keyboard, I like the touch screen, I like the tract ball. It sorta combines every favorable aspect of other phones into one. Aesthetically, its a winner. I know its network capabilities and OS  have a few downsides compared to the iPhone but I don’t really care because I’ll never own the phone until it gets off T-Mobile. On my campus, you can walk under a tree and T-Mobile will loose service. I predicted up today for GOOGLE.

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Forget Canada, I’m moving to Curacao

September 23, 2008 · Leave a Comment

Curacao

Our Bridge to Nowhere doesn’t actually drop off into infinity, it ends at Wall Street. And if the bailout plan just doesn’t work? We’re gonna need some more bridges. The avenues of failure are beginning to reveal themselves as the American financial system is backed even further into a corner. The topic cannot be ignored today and demands a certain level of respect. I’m even going to refrain from played out Canada jokes.

The reality of depression, recession and crash are within arms length. Wall Street is pulling back today as investors worry about the bailout plan as it receives more and more scrutiny from lawmakers. The NASDAQ is currently down 14.86. PredictWallStreet’s sentiment meter also reflects the worry investors are feeling overall as sentiment for the NASDAQ falls from bullish to bearish, along with SP500 and DJIA. It’s surprising how fast sentiment can fall on such news.

Forecasts today include a lot of UP forecasts, mixed with some DOWN. It’s always nice to see some green. Apple (AAPL), Bank of America (BAC), Google (GOOG) are among the companies forecasted to close up while Morgan Stanley (MS) and others are forecasted to close down. To see all of the forecasts click here.

Google is having a good beginning of the week as press releases buzz of the new Google mobile phone the Google G1. Cheaper than the iPhone and packing just as much punch, the Google phone is set to be released next month on T-Mobiles service. In my opinion, this is the first true competitor to the iPhone. After reading reviews, the G1 certainly cannot compare to Apples notorious sleek aesthetic, but its OS Android and open-source technology give it a good run for it’s money. Google is UP today. I just predicted UP for GOOG as I think the stock will ride out this good news for a few days. Sentiment was bearish at the beginning of the week but is moving back up. Google is always expensive, but nonetheless, in my opinion, a strong company and a good buy. If, you know, I like had that kind of money. I gave it to the government to save the world.

Morgan Stanley is down today, after converting from investment bank to bank holding. Looking at one month sentiment I can see that price and sentiment dropped drastically last week, then slowly started to recover and is now flat lining in the neutral zone. My guess would be investors are waiting for the Treasury’s next move to feel anything but “neutral” about this company. PredictWallStreet also just widened the sentiment graph so its now easier to overlay the quote and see the comparison.

And while you’re tax money is busy bailing out companies, you could probably use a few extra bucks. Or say, 300 bucks. PredictWallStreet has weekly (ya, thats weekly) contests for the most accurate predictors, giving away $300.00, $100.00 and $25.00 to first, second, and third place winners respectively. And all you have to do is sign up for an account and check that you want to be eligible for the contest and then predict. Predict on your favorite companies until your hearts content. And if you’re right (or really lucky) you win money. It’s seriously simple and the easiest money you’ll make all week while you watch your portfolio drop. Think of it as hedging. You’re simply reducing your risk of losing money in every stock you own right now by signing up for the contest which can give you money. Ok, thats a bad example, but maybe some of you got it.

There’s no such thing as a bad prediction!

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Position Available: Waste Removal Engineer, Location: Wall Street

September 22, 2008 · 1 Comment

I watched the Emmy’s last night for about an hour before I had enough and turned it off. Maybe these guys really are senile, but there are only so many off-topic speeches I can take from directors and writers. When the music plays to get off the stage that isn’t you cue to make another bad joke or some political quip; it means get the hell off the stage old man. There were a number of confusing speeches that made me uncomfortable, but perhaps the worst was watching William Shatner rip Heidi Klum’s clothes off in the opener.

Take a left off Main Street and you’ll find yourself on a rather familiar street called Wall Street, although it may look a little different this time of year. I swear I stop watching the news for two days and its as if an entire year has passed in the market. Between bailouts, bank conversions, and short-selling bans, it looks like Wall Street may need to hire another garbage man. While things slightly recovered Thursday and Friday, today looks like another Monday Mourning.

PredictWallStreet has a dozen or so forecasts this morning, among those forecasts include Apple, Bank of America, Citigroup and Wachovia to name a few. With the banking messes in high profile right now, even non-investors are paying more attention to Wall Street. I’ve noticed I have been paying attention to everything in my virtual portfolio, not just the winners or the losers. It’s most helpful for me to monitor sentiment on all my shares so I’m aware of any out of the ordinary shifts. Fortunately, PredictWallStreet has also put a giant sentiment meter on the front page to give me a general market overview of sentiment. As I’m checking, the NASDAQ is beginning to creep it’s way into the extremely bullish section while the DJIA stays anchored in the bearish zone.

Looking at all the forecasts published, I can see everyone has been forecasted to close down except for TD Ameritrade (AMTD). With a ban on short-selling, I have a feeling a lot of people are pretty bummed as they watch prices fall. On the other hand, this could be a good time to buy. I checked the sentiment for a few of the banks forecasted. Bank of America (BAC), Citigroup (C) and Washington Mutual (WM) all show bullish sentiment in the one month graphs. Recently, however, you can see that sentiment has begun to fall, along with there prices, and an overall level of confidence in such institutions. Washington Mutual has had almost 450 predictions this morning. 72% of users have predicted WM will close up today. Surprisingly or maybe not so surprisingly, Goldman Sachs (GS), who just recently converted from an investment bank to a bank holding company, was showing a sentiment line that was starting to creep its way out of Bear Town, USA even though the price is dragging. I’m not sure if you have ever vacationed in Bear, but I hear there winter’s are long and the food is good.

With so much uncertainty in the air, its hard to say whether Wall Street has hit its bottom. And to that I say bottoms up. Its five o’clock somewhere.

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It’s the end of the world as we know it

September 18, 2008 · Leave a Comment

I’m not exactly sure I feel fine. When my BFF who lives in New York is calling to ask if I’m OK because he heard Wall Street crashed, I start to feel a little anxious. And then when I start reading the news it turns into full-fledged anxiety and I hope I put deodorant on this morning. I can’t wait to graduate into this!

To make up for yesterday I’m drinking a venti coffee and let me just tell you, I’m the happiest camper. I’d much rather be the happiest counselor, or the happiest investor, or even the happiest girl, but that’s the way the saying goes so I’m stuck camping.

Sentiment for the SP 500, NASDAQ and DJIA are suprisngly bullish again today. I’m still trying to fully understand this. Prices are so low its probably a good time to buy because in a long term view these stocks eventually have to go up, right? Also a lot of forecasts today again at PredictWallStreet. They are just rolling these things out now. Google (GOOG) is forecasted to close up today. Looking at one week sentiment shows that sentiment was pretty bearish this week but appears to be moving up as the price gains. The inflection points on the sentiment graph are actually the most useful to me because once I see a turn, I know I should either get in or out. Obvie if sentiment has took a turn for Bull City I should probably wait till were vacationing in Bear County again to buy. Apple (AAPL) is forecasted to close up too. I sure hope so. They’ve really been blowing it these past few weeks. They’re is only so many times you can re-invent an iPod in different colors. You’re not fooling me Apple. Just because your pink Nano is hotter pink this generation than last, I don’t want it any more. Next time, release a new iPod Nano thats so small and thin it actually just disappears.

My predictions on the NASDAQ and Valero were right yesterday. I kinda  wish I would of waited another day to short my VRO shares but shoulda, coulda, woulda. The more I predict on the same securities over and over, the better feel I get for there behavior. Even though VRO and I had only been seeing each other for about a week, I got a pretty good feel about his tendencies. I just wanted to get out before I got too attached.

I had to do it. That doesn’t mean I wanted to. It’s just I cant be held down by a loser all the time when there are so many other fish in the sea. I broke up with SIRI today. I cut my losses and sold my shares. Goodbye SIRI. It was real, it was fun but I can’t say it was real fun.

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Another bad day in the market, another bailout

September 17, 2008 · Leave a Comment

I didn’t have any coffee this morning and man am I feeling it. Its like someone punched you in the head and then told you to get up and go to work. Is this what a coffee-less lifestyle feels like? Because if loving coffee is so wrong, I don’t want to be right.

If Jennifer Lopez was a stock, her ticker symbol would be JLO. If Valero had stock, which it does, its ticker symbol would be VRO. I finally shorted my Valero stocks today. The profit was downright measly, but the practice was priceless. I think in a market like this it would be easier to find the companies that are going to go down so being particularly skilled at shorting could be really useful. I fully understand the concept now, I just need to work on my timing.

PredictWallStreet has published more forecasts today. Apple (AAPL) is forecasted to close up today surprisingly. Even after the AIG bailout, 95% of stocks in the S&P 500 are posting losses. Bank of America (BAC), Citigroup (C), and Merrill Lynch (MER) are forecasted to close down. Sentiment for Bank of America is extremely bullish right now. The sentiment meter on the front page also shows sentiment for the major indices. The NASDAQ has moved up into the bullish part of the meter. There don’t seem to be to many buyers out in the market right now, but judging by sentiment it seems investors are still hopeful. Even with all the uncertainty and even though no one is buying, maybe this is still the time to buy while prices are so low. Buy low, sell high, right?

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If life gave you lemons, short em.

September 16, 2008 · Leave a Comment

First of all, I just sneezed into the scarf I’m wearing. Second of all, I would just like to know how I too can get paid to stay in bed for 84 days. Like this guy. Seriously, I think I have a talent for this sort of thing. Oh and I would also like to know how so many stocks are up today when I was pretty sure the market darn near crashed yesterday. My next blog will be entitled “Dear Wall Street…” and will consist only of one line questions I have for the Street, signed xoxo, gossip girl Kristy.

Looks like the Fed didn’t cut interest rates this morning. While this definitely would of helped out the market, I’m glad inflation was taken so heavily into consideration too. 

I drank a little more coffee than normal today because I finally brought in my thermos from the passenger seat of my car. I do this thing that’s really annoying; it even annoys myself. Every morning I grab a mug and drink my coffee in the car because I couldn’t find a thermos and am now probably late for work.  Now, I do this everyday. Every. Single. Day.  I also never bring the mugs back in the house. They sit on the floor of the passenger seat in my car for weeks, maybe months until one of my friends gets in and exposes my dirty little secret and possible addiction tendencies. So yesterday was the last straw, and I finally cleaned out my collection of coffee cups and am starting fresh this week. Ahhhh.

Yesterday I predicted down for Google (GOOG) because of the forecast that was published at PredictWallStreet. As of this moment, GOOG is actually up at 440.31. Since it is the practically the middle of the trading day, I hope that the price comes back down as the market begins to flatten out at the end of the day as I have noticed in the past. My other predictions included down predictions for Merrill Lynch (MER), down for Yahoo! (YHOO) and and up for Panera Bread Co. (PNRA). The YHOO and PNRA predictions so far correct and I am happy because every now and then I need a little encouragement that I’m not running around blindly in the stock market. 

General Motors (GM) has finally unveiled the Volt today, their highly anticipated electric car. It always seems these hybrid and electric cars are ugly. Yeah, I said it. Some futuristic design that looks like a spaceship/car from the Jetson’s.  I guess thats cool. But we live on Planet Earth and I’d rather drive a car that doesn’t look like a pod. Surprisingly, the Volt looks pretty…normal. GM is really confident in there new vehicle and truly believes it to be a winner. It could be one of the first electric cars to appeal to a mass market. The car is due out November 2010 so we’ll have to wait to see if the translation from paper to product is actually successful. In my opinion, I think this could do a lot of for the suffering car industry, especially a company like GM. There shares are currently down today, but maybe I’m thinking I should of looked at the shares I just sold  as more of a long term thing. I’m having a hard time discerning the difference between cutting my losses and deciphering a long-term investment. 

There have been a ton of forecasts being published lately on PredictWallStreet. Today Apple (AAPL) is forecasted to close up, as well as Visa (V) and General Electric (GE). I’m glad there have been more forecasts being published consistently because I trust them more because they aggregate all the information from the widget and push out a forecast that inevitably is more useful because its a product of all other information I normally look at. Did that make sense? 

I went to go cover the Valero stocks I shorted yesterday, but the price doesn’t seem low enough. I feel like maybe if I wait another day it could get lower and increase my profits. 46% of predictors predicted VRO would close down and sentiment for the week is slightly slagging. The month sentiment chart for Valero appears a little more complicated and there seems to be a large lag between fluctuations in price and the sentiment. For instance, the price shot up after 9/7 and sentiment remained low but then sentiment suddenly fell down. Looking at the one month sentiment graph sentiment is moving up but I’m hoping this is a lag and that it will soon reflect the bearish price. 

That coffee has finally passed through my system.

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Hurricane “You’re Screwed” hits Wall Street

September 15, 2008 · Leave a Comment

Milk was a bad choice

Bye Bye Lehman, buh bye Merrill. We’ll see you in Banker Heaven (Hell? I guess this all depends), your table next to Bear Sterns. My limited scope of finance is most likely preventing me from realizing the catastrophic size of these events so I judge the level of crisis by relevance on the internet. The more front pages, the worse it is. So if Yahoo! has you in featured news events, next to a Buzz article about Paris Hilton buying her 47th chihuahua, disaster is in the air. Lehmans bankruptcy actually marks the biggest ever US bankruptcy. Lets see how Wall Street handles the “financial storm of the century.” Get it together already, Wall Street.

The Dow Jones fell a sweet 250 points this morning. DJIA sentiment followed, tumbling into the extremely bearish zone. A new sentiment meter has been added to the front page of PredictWallStreet that processes millions of real time predictions to show shifts in investor sentiment. Today it is showing popular indices like the NASDAQ and SP500 in the bearish zones. Of course sentiment is reflecting rather pessimistic views, as news of Lehmans and Merrill reverberates through the Street.

PredictWallStreet has also published forecasts on two of my favorite companies, Google (GOOG) and Yahoo (YHOO). Clicking on there ticker names on the scrolling forecast on the front page, I see that both are forecasted to close down. And just when Yahoo! was swimming away from that nasty 17.00 price. For the next few days, I think I will be very hesitant to make any sort of UP predictions as Wall Street deals with the repercussions of this weekends problems.

Lately, I’ve found myself drawn to food service and “specialty eateries.” I’m not exactly sure if this is because I am in college and am fond of such exquisite dining or if its because I think fast food is cheap and at a time like this people still gotta eat and they want to do it inexpensively. While Panera Bread Co. (PNRA) isn’t exactly fast food, they’ve been getting a lot of attention for beating third quarter estimates and are currently UP about 5%. I predicted UP for PNRA today. I also like food services because in my eyes it is easier to analyze the supply and demand side of such a company. While Lehman will have an overall effect on the market, they certainly will effect financial institutions more than they would Panera. The extent to which I understand Lehman’s bankruptcy is small, so it’s easier for me to stick to industries I can understand and are less complex. I bought some PNRA for my faux portoflio today.

Ouch. My solar energy stocks have really lost it. A break up talk may be around the corner. I knew it was only a matter of time before our bubble of love would burst and I would being seeing nothing but red. It’s hard to let you go, FSLR and LDK. I love you, I’m just not in love with you.

I think I shorted my first stocks ever today! I hope I clicked the right buttons. I don’t want to tell you what company it was just in case I really messed this one up. Ok fine, you convinced me. I shorted Valero. Im waiting to cover them. This is right, right? In the case this blows up in my face, at least I’ll know what buttons to use.

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Recipe for Disaster

September 11, 2008 · Leave a Comment

Is this a joke? I cant tell if Colonel Sanders is pulling one over on the general public. KFC recently reported to be moving there ultra top secret Original Recipe for the first time in 76 years and has hired top security to guard the precious cargo. Going so far as to have the briefcase its being transported in handcuffed to a trusted individual. I mean this is some serious business here. So the question is who exactly is trying to steal this recipe? Evil arch nemesis Popeyes? I have to give it to them for creating a clever publicity stunt however.

I went to sign onto my account this morning at PredictWallStreet.com and noticed that they have published 8 forecasts scrolling across the top of the page! The forecasts are the creme de la creme of information on the website because they are proven to be more accurate. So checking out the forecast page I can see that General Electric (GE) is forecasted to close up today and Research in Motion (RIMM) is forecasted to close down. I actually sold the shares I had of both these companies a few weeks back, but if I still had an interest in buying RIMM I would know to wait until either tomorrow morning or the end of the day to get it at a cheaper price. And if I was thinking about selling my GE shares this morning I would know to hold out a little bit longer so I could sell my shares when it closes up today and get the maximum profit. Now these forecasts aren’t 100%, but then again what is in Wall Street? However, they are extremely useful tools and can really help in guiding me in my investing decisions. I like them because they are straightforward. The price of this is either gonna be more or less. Thats it. And then I can make my own free will decision with that information. No analysis, no staring at a chart, just simple raw facts.

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