Riding the bearish wave

This is a bear body surfing. He did not go straight.

Back from a sunny Labor Day weekend, I return to my desk sunburned and bruised. I tried body surfing yesterday. I went straight. Don’t do this, ever. I should of known to bail out when I was at the top of the wave looking at a gap between me and the rest of the water. Needless to say, I made it to the shore in an extremely graceful display of flailing arms and legs and a mouthful of sea water. After I had surfaced, picked my wedgie, part of me almost wished I could of been on the shore watching me drown in this mediocre wave. Its funny when your friends fall down and I’m especially good at laughing at myself.

I’ve been Googling and I’ve been Yahooing but I have yet to find any Sirius XM Satellite Radio press statements that Mel Karmazin had been promising post Labor Day weekend. Maybe Mel was just kidding, or maybe I’m too early. Testing again to the markets instability, stocks rose this morning as oil prices fell due to reports that Hurrican Gustav had done less than expected damage to oil facilities. Sentiment for SIRI was moving up but seems to have flat lined. The stock is showing little to zero change right now, the price most likely teetering on the tip of Mel’s tongue.

Middleby Corp (MIDD) is up today, although unfortunately I bought them at a lousy price and am therefore down on my shares. First Solar, Inc. (FSLR) is down today a lot but if you were lucky enough (or smart enough? I’m not sure) to buy them a few weeks ago you’re still in the green. I’m still keeping an eye on this company by checking the sentiment graph at PredictWallStreet.com. Knowing that the price often follows the sentiment after it has changed, I can monitor this stock pretty effectively. Sentiment has actually become extremely bearish today and with the dramatic price drop, this could be an giant bowl of uh oh spaghettio’s. I’m going to wait till tomorrow and if things get worse, this may be a sign to get out before it drops even more. I’m not exactly the best predictor which is why I rely on the sentiment charts so heavily. They help weed out the typical bullish bias and show the results of other predictors heads and not just my own. I’m actually taking a Security Markets class in the Fall and hopefully will be able to combine the skills I learn from the class with my sentiment analysis to create the ultimate novice investor bag of techniques.

I just signed up for Google’s Chrome newsletter. I’ve been eagerly waiting to download the beta version which is supposed to be out today. If you don’t know what I’m talking about I suggest you do some internet searching, but in short Chrome is an advanced browser (to add to your arsenal of Firefox, Explorer and Safari) made by Google that uses sophisticated technology to make your internet and thus life better. Each tab you open is run independent, so if one crashes, the whole app wont close. It also has an incognito mode for private browsing so you can go MySpace at work and also lets you run web apps without ever opening the browser. Chrome appears to be the first endeavor into cloud computing as Google blurs the line between browser and desktop. Its much more than a browser, its practically an operating system. Do I hear faint monopolistic Microsoft cries in the background? Maybe baby. But hey, its good for there stock (GOOG).

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