Summer Vacation

I learned that when things go well one should take a vacation and freshen up. Additionally, from my knowledge, traders as well as invstors take the summer off. I am going to try it this year (fingers crossed). So will be starting up again in August before or after Labor Day.

Thank you for your interest and enjoy the summer and as my friend says, "make it a powerful day."

Buy on Dips though

it looks like one of those doozy of a sell offs is occurring. Wait it out or hedge, but don't get off the boat because you just never know...

Nice Systems is an Obama play

Nice Systems makes money. Its book value is about $16 a share while the company is trading for about $23. The P/E is 33 so you are getting about 3% on your money and providing a service that the US government is highlighting and mentioned in Nice's profile in Yahoo.

Nice provides "fraud prevention solutions, which pinpoint suspicious patterns and abnormal behavior within mountains of data to assist in the identification of financial crimes; and AML solutions that help institutions detect suspicious money transfer activities and money laundering related issues with new accounts"

So

the market is down this morning and it makes sense for profit taking but is this the sell off everyone is expecting?


I had apple juice (not beer anymore) with my friend at the local bar and talked about how does one cope with profits when we were just recently sweating over the losses in the market. We acknowledged how things appear calm but no economic event has really turned around.


Consider employment numbers. The rate of unemployment slowed down but if it continued at the previous rate we would have 20-30% unemployment quite quickly but as every driver knows, you slowdown on the curves and brace for the final lap.


But how can the market sell off significantly when it's springtime. Then again that was the same rationale I bought Bear Stearns with.

So at the end of the day I am a bit confused.

Where is the flaw in this comment?

Federal Reserve Chairman Ben S. Bernanke told lawmakers May 5 that the central bank expects U.S. economic activity “to bottom out, then to turn up later this year.” Another shock to the financial system would undercut that forecast, he added.

So he is saying that the economy will recover unless it doesn't.

As to uranium mining companies and all things nuclear

How high can the market go?

The market as we have seen can go higher and lower than expected, so the point is not to guess, but to buy on dips and hedge (ie short the market) with sectors of the economy that are inherently bearish.

Except natural gas which seems to have bottomed here. 52wk low stop and let this puppy run!

Someone

commented on my Apple short and how people are moving away from PCs and moving towards hand helds, something Apple specializes in. I am short it concerning valuation, not whether it is a viable business. Currently, hand helds such as iPods are not commodities but once they are I don't believe Apple's growth will be there.

On a technical analysis basis, there is a double bottom as well as a 50% retracement which bodes well for the stock price.