Tuesday, July 31, 2007

How Credit-Market Tremors Have Affected Junk Bonds, LBOs and Hedge Funds

The days of easy credit may be coming to an end.

The jitters began with losses at two Bear Stearns hedge funds that invested in subprime-mortgage debt that now are worth almost nothing.

And over the past few weeks, a string of companies has delayed or canceled debt offerings, a sign that investors may be less interested in debt deals that don't adequately reward them for potential risk.

See the article below:

http://online.wsj.com/public/resources/documents/info-BondTurmoil0707-sort.html

Monday, July 30, 2007

Thursday, July 26, 2007

Countrywide: Ugly Housing Market

An amazing conference call with Countrywide Financial (CFC), the largest US mortgage underwriter. It was beyond ugly.

Read here

http://bigpicture.typepad.com/comments/2007/07/countrywide-hom.html



CFC looks like a good short trade.
.

Why rent? To get richer !!

A contrarian's view: Houses don't appreciate any faster than the level of inflation over the long term, so forget about buying a home and put your savings into stocks.


Read here..
http://articles.moneycentral.msn.com/Banking/HomebuyingGuide/WhyRentToGetRicher.aspx?vv=500

Marc Greenspoon: A Visit With A World-Class Trader

Brett Steenbarger, Ph.D. said in his TraderFeed blog...


The trader Marc Greenspoon doesn't speak at conference events or advertise himself as a guru.
What he does do is trade every day of the week, average between 50 and 100 trades per day in the equity indexes, and make millions of dollars a year.
Not just one year or two years, but year after year.

He doesn't trade with a mechanical system, and he doesn't trade with quantitative research. Nor does he manage a portfolio. He trades with his mouse and his computer, accounting for several percent of the day's total volume all by himself.


Read on..

http://traderfeed.blogspot.com/2007/04/marc-greenspoon-visit-with-world-class.html

Getting Rich By Doing What You Love

This article says:

Most people saw their jobs as jobs, after all.
But as I met more rich people, most of them said their job wasn’t a job, it was their life and, often, their greatest joy. By doing what they loved doing, the money often followed.



Click below to read


http://blogs.wsj.com/wealth/2007/07/23/getting-rich-by-doing-what-you-love/

Dump TV and get Rich

Interesting article on saving time and money by reducing TV viewing


How Dumping TV Allowed Me to Quit My Job, Create an Online Business and Fund My Retirement Account


It says


When people ask me what was the best decision I made when I decided to create this website, they are often surprised when I tell them that it was my decision to quit watching TV.

There is no doubt that TV costs people far more financially than they believe. For most people, TV is a habit that costs in excess of $1 million over a lifetime, or the equivalent of a healthy retirement account. For me, had I continued to watch TV over the past five years, in addition to the monetary aspects, it would have been the difference of working in a job I didn’t like and having my dream job working for myself for which there is no way to set a price.



Click below to read

http://www.savingadvice.com/blog/2007/07/17/101625_how-dumping-tv-allowed-me-to-quit-my-job-create-an-online-business-and-fund-my-retirement-account.html

Interesting Article on Private Equiy Boom by Andy Kessler

Click here to read the brilliant analysis of the current private equity boom by Andy Kessler.

http://www.andykessler.com/andy_kessler/2007/06/wsj-blackstones.html


Andy Kesssler says

Will the private equity party -- this week's Blackstone IPO is icing on the cake -- end with a bang or a whimper?

Sure. The money involved here ain't small potatoes. Private equity funds raised $221 billion last year, up from $33 billion 10 years ago. There are now over 170 private equity funds with more than $1 billion in assets. The value of deals done last year was $475 billion, up from $37 billion five years ago. Most of it was taking public companies private -- Equity Office, HCA, Harrah's Clear Channel and on and on.

What's fueling the boom?





Andy Kessler was a hedge fund manager and author. I have read two of his books : "Running Money" and "Wall Street Meat". These books are really interesting and tell about his experience running a hedge fund and how the analysts duped the investors during the dot com boom. Also, he analyses the cause of the dot com boom and the technology revolotion it brought forth.

Do read these books if you get a chance.


Here are reviews of these books


http://www.andykessler.com/andy_kessler/2004/11/reviews_of_runn.html






Sunday, July 15, 2007

Stock Picks for Monday July 16,2007

DREAMTAI Software Daily Report


as of : 2007_07_15

Stock List sorted by Power Rankings


Legal Note: For Education and Entertainment only

Please do more research before placing buy or sell orders
Usually stocks with Power ranking above 3 have a strong uptrend
Usually stocks with Power ranking below minus 3 [-3] have a strong downtrend


Usually stocks take support at 20 day moving average and 50 day moving average
Then either they resume their trend or crash through the Averages. Do not ignore the 20 and 50 day moving averages lines


Please... please... please... please... do not risk MORE THAN 2 percent of your capital on ANY SINGLE trade... THANK YOU!!



Stock Ticker NamePower RankingLast Closing PriceStrategyNew Buy New Sell
GMST12.936.45BUY 129 shares at 6.59
Put Protection Sell Stop at 5.04
First Profit Target=8.14
Total Investment=850.11
 
SGR10.1157.58BUY 19 shares at 58.16
Put Protection Sell Stop at 47.91
First Profit Target=68.41
Total Investment=1105.04
 
AXYS10.0725.94BUY 43 shares at 25.96
Put Protection Sell Stop at 21.31
First Profit Target=30.61
Total Investment=1116.28
 
MDCA9.5910.74BUY 102 shares at 10.77
Put Protection Sell Stop at 8.82
First Profit Target=12.72
Total Investment=1098.54
 
ACGY9.0527.57BUY 51 shares at 27.67
Put Protection Sell Stop at 23.8
First Profit Target=31.54
Total Investment=1411.17
 
PKX7.95149.95BUY 9 shares at 152.03
Put Protection Sell Stop at 130.68
First Profit Target=173.38
Total Investment=1368.27
 
VCP7.2726.93BUY 60 shares at 27.02
Put Protection Sell Stop at 23.69
First Profit Target=30.35
Total Investment=1621.2
 
KAZ7.246.95BUY 148 shares at 6.97
Put Protection Sell Stop at 5.62
First Profit Target=8.32
Total Investment=1031.56
 
PCU7.23110.22BUY 18 shares at 111.71
Put Protection Sell Stop at 100.73
First Profit Target=122.69
Total Investment=2010.78
 
AA6.1547.35BUY 32 shares at 47.71
Put Protection Sell Stop at 41.49
First Profit Target=53.93
Total Investment=1526.72
 
COP6.0190.17BUY 20 shares at 90.86
Put Protection Sell Stop at 80.96
First Profit Target=100.76
Total Investment=1817.2
 
FLE6.0111.27BUY 93 shares at 11.43
Put Protection Sell Stop at 9.3
First Profit Target=13.56
Total Investment=1062.99
 
IIT5.9543.67BUY 31 shares at 43.97
Put Protection Sell Stop at 37.63
First Profit Target=50.31
Total Investment=1363.07
 
FTI5.688.73BUY 29 shares at 89.44
Put Protection Sell Stop at 82.56
First Profit Target=96.32
Total Investment=2593.76
 
TCK5.5449.65BUY 31 shares at 50.91
Put Protection Sell Stop at 44.58
First Profit Target=57.24
Total Investment=1578.21
 
KEP5.425.48BUY 76 shares at 25.57
Put Protection Sell Stop at 22.95
First Profit Target=28.19
Total Investment=1943.32
 
AWC5.2429.91BUY 53 shares at 30.01
Put Protection Sell Stop at 26.26
First Profit Target=33.76
Total Investment=1590.53
 
EWY5.268.6BUY 46 shares at 68.86
Put Protection Sell Stop at 64.58
First Profit Target=73.13
Total Investment=3167.42
 
DIG5.2110.55BUY 22 shares at 111.43
Put Protection Sell Stop at 102.36
First Profit Target=120.5
Total Investment=2451.46
 
JEC4.9564.58BUY 32 shares at 65.87
Put Protection Sell Stop at 59.78
First Profit Target=71.96
Total Investment=2107.84
 
UYM4.78101.07BUY 22 shares at 101.24
Put Protection Sell Stop at 92.31
First Profit Target=110.17
Total Investment=2227.28
 
BRG4.5189BUY 30 shares at 89.46
Put Protection Sell Stop at 82.89
First Profit Target=96.03
Total Investment=2683.8
 
TGT4.1270.14BUY 32 shares at 70.77
Put Protection Sell Stop at 64.7
First Profit Target=76.84
Total Investment=2264.64
 
QLD3.94103.96BUY 30 shares at 104.12
Put Protection Sell Stop at 97.46
First Profit Target=110.78
Total Investment=3123.6
 
CSCO3.9229.89BUY 81 shares at 29.98
Put Protection Sell Stop at 27.54
First Profit Target=32.42
Total Investment=2428.38
 
OXY3.7563.6BUY 39 shares at 64.3
Put Protection Sell Stop at 59.28
First Profit Target=69.32
Total Investment=2507.7
 
CAM3.1377.73BUY 42 shares at 77.86
Put Protection Sell Stop at 73.1
First Profit Target=82.62
Total Investment=3270.12
 
XOM3.1190.33BUY 40 shares at 90.82
Put Protection Sell Stop at 85.88
First Profit Target=95.76
Total Investment=3632.8
 
BEBE-3.1915.23SELL 125 shares at 15.12
Put Protection Buy Stop at 16.71
First Profit Target=13.53
Total Investment=1890
 
MYD-3.4113.91SELL 208 shares at 13.82
Put Protection Buy Stop at 14.78
First Profit Target=12.86
Total Investment=2874.56
 
ORIT-3.6113.66SELL 147 shares at 13.59
Put Protection Buy Stop at 14.95
First Profit Target=12.23
Total Investment=1997.73
 
QID-4.0841.8SELL 66 shares at 41.63
Put Protection Buy Stop at 44.62
First Profit Target=38.64
Total Investment=2747.58
 
RHY-4.4413.33SELL 128 shares at 13.08
Put Protection Buy Stop at 14.64
First Profit Target=11.52
Total Investment=1674.24
 
WTSLA-4.725.3SELL 176 shares at 5.08
Put Protection Buy Stop at 6.21
First Profit Target=3.95
Total Investment=894.08
 
ARAY-4.7720.19SELL 63 shares at 19.77
Put Protection Buy Stop at 22.94
First Profit Target=16.6
Total Investment=1245.51
 
DUG-5.5143SELL 49 shares at 42.5
Put Protection Buy Stop at 46.53
First Profit Target=38.47
Total Investment=2082.55
 
RSF-5.6312.34SELL 123 shares at 12.16
Put Protection Buy Stop at 13.78
First Profit Target=10.54
Total Investment=1495.68
 
LSBK-6.0110.44SELL 140 shares at 10.35
Put Protection Buy Stop at 11.77
First Profit Target=8.93
Total Investment=1449.13
 
HDL-8.615.57SELL 256 shares at 5.51
Put Protection Buy Stop at 6.29
First Profit Target=4.73
Total Investment=1410.56
 
ROX-9.524.5SELL 178 shares at 4.33
Put Protection Buy Stop at 5.45
First Profit Target=3.21
Total Investment=770.74
 
MBWM-9.6621.6SELL 38 shares at 21.53
Put Protection Buy Stop at 26.77
First Profit Target=16.29
Total Investment=818.14
 
MWRK-9.825.47SELL 29 shares at 25.17
Put Protection Buy Stop at 31.99
First Profit Target=18.35
Total Investment=729.93
 
GOT-10.899.27SELL 65 shares at 9.17
Put Protection Buy Stop at 12.21
First Profit Target=6.13
Total Investment=596.05
 
VTAL-11.2820.35SELL 26 shares at 20.28
Put Protection Buy Stop at 27.75
First Profit Target=12.81
Total Investment=527.28
 
PFB-11.9221.14SELL 26 shares at 20.14
Put Protection Buy Stop at 27.63
First Profit Target=12.65
Total Investment=523.64
 
ACA-17.158.46SELL 65 shares at 8.22
Put Protection Buy Stop at 11.26
First Profit Target=5.18
Total Investment=534.3
 




GMST

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SGR

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AXYS

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MDCA

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ACGY

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PKX

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VCP

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KAZ

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PCU

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AA

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COP

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FLE

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IIT

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FTI

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TCK

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KEP

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AWC

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EWY

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DIG

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JEC

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UYM

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BRG

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TGT

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QLD

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CSCO

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OXY

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CAM

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XOM

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BEBE

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MYD

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ORIT

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QID

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RHY

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WTSLA

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ARAY

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DUG

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RSF

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LSBK

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HDL

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ROX

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MBWM

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MWRK

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GOT

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VTAL

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PFB

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ACA

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50 DMA on the report charts

Question from Phil:
how come you don't show the 50 day ma on your charts ? Thanks, Phil


Hi Phil,
I will try to incorporate the 50 day moving average in the charts in the Dreamtai reports in the next version of Dreamtai.

The next version of DreamTai will be released by August end.
The main improvement in that version will be that you can have multiple watchlists.

So, you can have a watchlist called "Telecom Stocks", another watchlist called "Stocks to watch for", another watchlist called "Stocks in my 401 K" and so on..
Thanks for your suggestion.

The new version will be free to charge to all current owners.
I will inform all when it is ready.

Sanjoy

Some good websites for Stock Picks

Hi,

Here are some websites suggested by our members.

Hope that you will find them useful. Please feel free to suggest other websites you know.

STOCK FETCHER.COM

http://www.stockfetcher.com/stockdb/fetcher

The above website is a great website with pre-built stock scans.


STOCK PICKR.COM

http://www.stockpickr.com

The above website has the holdings and picks of hedge funds and mutual funds also.


TRADE IDEAS .COM

If you are interested in Real time scans, look at the following web site

http://www.trade-ideas.com



-Sanjoy

Sunday, July 08, 2007

Long and Short Stock picks for Monday July 9, 2007

DREAMTAI Software Daily Report


as of : 2007_07_08

Stock List sorted by Power Rankings


Legal Note: For Education and Entertainment only

Please do more research before placing buy or sell orders
Usually stocks with Power ranking above 3 have a strong uptrend
Usually stocks with Power ranking below minus 3 [-3] have a strong downtrend


Usually stocks take support at 20 day moving average and 50 day moving average
Then either they resume their trend or crash through the Averages. Do not ignore the 20 and 50 day moving averages lines


Please... please... please... please... do not risk MORE THAN 2 percent of your capital on ANY SINGLE trade... THANK YOU!!



Stock Ticker NamePower RankingLast Closing PriceStrategyNew Buy New Sell
SA15.2325.19BUY 36 shares at 25.21
Put Protection Sell Stop at 19.68
First Profit Target=30.74
Total Investment=907.56
RVEP13.4414.47BUY 37 shares at 15.77
Put Protection Sell Stop at 10.48
First Profit Target=21.06
Total Investment=583.49
ARTW12.8212BUY 63 shares at 12.52
Put Protection Sell Stop at 9.36
First Profit Target=15.68
Total Investment=788.76
TF8.2614.67BUY 84 shares at 14.69
Put Protection Sell Stop at 12.33
First Profit Target=17.05
Total Investment=1233.96
LGTY8.1112.31BUY 105 shares at 12.62
Put Protection Sell Stop at 10.73
First Profit Target=14.51
Total Investment=1325.1
GMCR8.0792.04BUY 14 shares at 92.53
Put Protection Sell Stop at 78.53
First Profit Target=106.53
Total Investment=1295.42
BTM7.8625.39BUY 49 shares at 25.51
Put Protection Sell Stop at 21.43
First Profit Target=29.59
Total Investment=1249.99
AP7.7445.45BUY 26 shares at 45.72
Put Protection Sell Stop at 38.17
First Profit Target=53.27
Total Investment=1188.72
BRP7.1671.21BUY 17 shares at 71.88
Put Protection Sell Stop at 60.26
First Profit Target=83.51
Total Investment=1222.04
DXR6.917.4BUY 74 shares at 17.77
Put Protection Sell Stop at 15.08
First Profit Target=20.46
Total Investment=1314.98
CTRP6.8188.67BUY 14 shares at 89.86
Put Protection Sell Stop at 76.41
First Profit Target=103.31
Total Investment=1258.04
TTF6.4212.8BUY 120 shares at 12.96
Put Protection Sell Stop at 11.3
First Profit Target=14.62
Total Investment=1555.2
BBL6.0361.2BUY 34 shares at 61.51
Put Protection Sell Stop at 55.66
First Profit Target=67.36
Total Investment=2091.34
BHP6.0265.28BUY 31 shares at 65.52
Put Protection Sell Stop at 59.09
First Profit Target=71.95
Total Investment=2031.12
PVG5.2433.93BUY 48 shares at 34.62
Put Protection Sell Stop at 30.48
First Profit Target=38.76
Total Investment=1661.76
CE4.0340.96BUY 81 shares at 41.07
Put Protection Sell Stop at 38.63
First Profit Target=43.51
Total Investment=3326.67
JOUT3.9321.52BUY 78 shares at 22.54
Put Protection Sell Stop at 19.99
First Profit Target=25.09
Total Investment=1758.12
RDC3.5743.89BUY 56 shares at 44.05
Put Protection Sell Stop at 40.48
First Profit Target=47.62
Total Investment=2466.8
EWY3.465.2BUY 35 shares at 65.5
Put Protection Sell Stop at 59.82
First Profit Target=71.17
Total Investment=2292.39
OFSI<---- New Sell -3.157.8SELL 253 shares at 7.68
Put Protection Buy Stop at 8.47
First Profit Target=6.89
Total Investment=1943.04
OFSI<---- New Sell
HBOS-3.514.19SELL 161 shares at 14.03
Put Protection Buy Stop at 15.27
First Profit Target=12.79
Total Investment=2258.83
ROX-5.395.17SELL 263 shares at 5.11
Put Protection Buy Stop at 5.87
First Profit Target=4.35
Total Investment=1343.93
REDE-5.46.03SELL 277 shares at 6
Put Protection Buy Stop at 6.72
First Profit Target=5.28
Total Investment=1662
FAVS<---- New Sell -6.372.02SELL 240 shares at 1.88
Put Protection Buy Stop at 2.71
First Profit Target=1.05
Total Investment=451.2
FAVS<---- New Sell
TFR-6.837.66SELL 120 shares at 7.64
Put Protection Buy Stop at 9.3
First Profit Target=5.98
Total Investment=916.8
ELTK-8.083.42SELL 186 shares at 3.3
Put Protection Buy Stop at 4.37
First Profit Target=2.23
Total Investment=613.8
JRC-8.554.25SELL 499 shares at 4.17
Put Protection Buy Stop at 4.57
First Profit Target=3.77
Total Investment=2080.83
OVRL-9.012.3SELL 344 shares at 2.18
Put Protection Buy Stop at 2.76
First Profit Target=1.6
Total Investment=749.92
ACA-10.710.93SELL 118 shares at 10.73
Put Protection Buy Stop at 12.42
First Profit Target=9.04
Total Investment=1266.14
TRMP-15.1610.42SELL 73 shares at 10.33
Put Protection Buy Stop at 13.05
First Profit Target=7.61
Total Investment=754.09




SA

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RVEP

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ARTW

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TF

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LGTY

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GMCR

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BTM

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AP

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BRP

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DXR

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CTRP

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TTF

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BBL

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BHP

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PVG

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CE

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JOUT

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RDC

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EWY

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OFSI

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HBOS

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ROX

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REDE

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FAVS

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TFR

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ELTK

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JRC

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OVRL

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ACA

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TRMP

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