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| Tuesday Dec 05, 2006
What goes up too far too fast, tends to fall hard....Taipan Group's Dynamic Market AlertBy Ian Cooper-- What goes up too far, too fast, tends to fall hard.... ----------------------- Tiny $1 Resource Gems That Could Soar Tenfold Only 814 spaces remain. Don’t miss the opportunity to be one of the lucky few! -----------------------
What goes up too far too fast, tends to fall hard....by Ian L. Cooper The resurgence of merger and acquisition (M&A) activity, falling oil (which once again tumbled under $62 on weakening demand), and a temporary lack of truly troubling economic news is offering some much-needed relief after last week’s ISM-fuelled sell-off. But in over-bloated market conditions (Dow is up 14% in two months), it’s easy to spot overbought stocks overdue for a quick sell-off. Take a look at a six-month candlestick chart of Patterson Companies, for example. Coupled with an upper Bollinger Band crossover and an overbought W%R reading, we speculated (using the Death Cross Trader System) that a sell-off was overdue. And without a doubt, it happened: Shares of Patterson Companies dropped, handing readers like Robert H. a 35.7% gain in 24 hours. He says, “Thank you for the nice one-day trade. In at 0.70… out at $0.95 for 35.7% gains in 24 hours.” And readers like Robert P., who took gains in less than a day and wrote: “In at 0.70… out at 1.05… not bad half day’s work…” Using the Death Cross Trader System, we even called the top of AIG. We said, “Reading the W%R, AIG is extremely overbought and long overdue for a correction. AIG just put in a bearish, engulfing candlestick of yesterday’s hammer formation -- another bearish sign of a coming reversal. And, while AIG has used its upper Bollinger Band as support this week, it just crashed through that support line on word of Department of Justice and SEC investigations.” That was in late November. Days later, AIG dropped from more than $72 to $69.50. Keep in mind that Death Cross Trader isn’t for everyone, just those with the guts to potentially make a lot of money fast. For more information, click here now.
Clowns & Harlots: A Whale of a Taleby Christopher Corbett An orca (killer whale) that dragged a trainer underwater during a show at SeaWorld may have been put out by a spat with another whale, grumpy because of the weather or just irritable from a stomach ache, according to marine mammal experts. “Some mornings they just wake up not as willing to do the show as others,” said Ken Balcomb, director of the Center for Whale Research in Friday Harbor, Wash. “If the trainer doesn’t recognize it’s not a good day, this will happen.” - From wire reports
Portion of police report following 9-1-1 call at SeaWorld Adventure Park in San Diego: First responding officer dispatched 13:00 hours to report of “killer whale misbehaving.” Officer arrives at SeaWorld. Officer states employees say killer whale has disrupted performance by pulling on trainer’s left foot and splashing tourists. Officer says trainer not badly injured. Officer says tourists wet. Officer says whale refuses to get out of tank. Officer describes suspect as “killer whale.” Officer says whale told him that he had warned the trainer that he was not in any mood to perform tricks. Officer says whale told him that the trainer told the whale that “he was in charge.” Officer says whale told him he told trainer, “we’ll see about that.” Officer says whale then told the trainer that he had indigestion from attending All-The-Plankton-U-Can-Eat buffet. Officer says whale reports trainer gave whale two Tums and told him to “suck it up, big boy, you are a professional.” Officer says it was at this point that the whale dragged the trainer to the bottom of the tank and chewed on his foot. Officer says whale told him he was annoyed. Officer says whale claims he was provoked. Officer says whale did not want trainer to leap off its nose. Officer says whale asked officer how would you feel if someone leaped off your nose? Officer says whale told him that he did not intend to harm trainer, merely “show him who was in charge.” Officer says whale told him that he was merely pulling on trainer’s foot and not chewing on it. Officer says suspect told him, “I could have swallowed that jerk if I wanted to. Ever hear of Jonah?” Officer says suspect told him he did not like show business or performing. His mother forced him into show business. She made him watch Wild Kingdom, Flipper and old reruns of the Lloyd Bridges show, Sea Hunt. Officer says whale did not appear to have been drinking. Officer unable to interview trainer at this time as trainer is at UCSD Officer says whale declined to answer further questions and demanded to speak with attorney from People for the Ethical Treatment of Animals and his agent. Attempts to reach these parties unsuccessful. Phone messages left. Officer requested instructions from shift commander. Whale could not be taken into custody because whale weighs 5,000 pounds. Officer notes that no holding facility exists at precinct for large marine mammals. Officer notes that operators of SeaWorld assured police whale would remain in its tank at the facility and would be made available for further police interviews if necessary. Officer cautioned whale that he must not leave the state of California while this matter was under investigation. Officer asks whale to surrender valid California driver’s license (said he did not have one) and passport (said he did). Officer reports whale using names Kasatka, a.k.a. Shamu, and a.k.a. Orca. Address: SeaWorld Date of Birth: Unknown Place of Birth: Ocean Visible marks or scars: Slight scar from booster shot on dorsal fin. Scar from old harpoon injury. Occupation: Killer whale. Employer: SeaWorld. Position at SeaWorld: Performing stupid pet tricks. Police record: Suspect has no record of driving offenses. Suspect has no valid California driver’s license. Police called twice previously to SeaWorld. Incidents involved aggressive splashing. Curfew violation. Playing CD of “Songs of the Humpback Whale” too loud. Written warning issued. Shift commander instructs officer to contact animal control.
----------------------- Earnings Announcements for December 6, 2006
Blyth Inc, Casella Waste Systems Inc, Culp Inc, Delia’s Inc, Fannie Mae, Greif Inc, Handleman Company, Quanex Corporation, SeaChange International Inc, Tweeter Home Entertainment Group, and Veritas DGC Inc are releasing earnings. Unlock Dates for December 2006
Upgrades and Downgrades Direct General upgraded by Wachovia from Underperform to Market Perform. Schnitzer Steel upgraded by Matrix Research from Buy to Strong Buy. Hormel Foods upgraded by Matrix Research from Buy to Strong Buy. aQuantive upgraded by Oppenheimer from Neutral to Buy. Blue Nile upgraded by RBC Capital Markets from Sector Perform to Outperform. Starbucks upgraded by UBS from Neutral to Buy. Cooper Tire upgraded by Deutsche Securities from Hold to Buy. Tenet Healthcare downgraded by Prudential from Overweight to Neutral. Blue Nile downgraded by Matrix Research from Buy to Strong Sell. Chevron downgraded by Banc of America from Buy to Neutral. Marathon Oil downgraded by Deutsche Securities from Buy to Hold. Sirius Satellite downgraded by Morgan Joseph (Buy to Hold) and by Bear Stearns (Outperform to Peer Perform). Station Casinos downgraded by Susquehanna Financial (Positive to Neutral) and by Bear Stearns (Outperform to Peer Perform). Schlumberger downgraded by Wachovia from Outperform to Market Perform. Cheesecake Factory downgraded by Merriman Curhan Ford from Neutral to Sell.
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Quote of the Day “To get rich in less than 40 years, you have to radically increase your income. - Michael Masterson, Seven Years to Seven Figures (2006)
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