When technical analysis no longer works…
Here is an interesting snapshot for SDS for the past 12 months of the year: The closing price for SDS is way above the 200-day MA, hence indicating a strong [...]
Continue Reading... »So…the 700 billion is gone…
Well, not quite, there is still hope that the senate would bring it back to live some times later this week. However, the collapse of Wachovia, the bank that could [...]
Continue Reading... »Finally, the 700 billion..
I was really thrilled to hear that the senate has finally approved the package to save the financial world. I am not sure how much the collapse of Washington Mutual [...]
Continue Reading... »What happened in Wall Street?
The past week is definitely one of the most turbulent times (if not the most) in the financial world since September 11, 2001. With Lehman lawyers rushed to file for [...]
Continue Reading... »Micro-hoo or Ya-Soft?
Probably the biggest news in the IT industry is the recent takeover proposal of Microsoft to Yahoo!. Yahoo!, not surprisingly, rejected the offer from Microsoft on Monday, and it seems [...]
Continue Reading... »Have we just killed another George Soros?
Recently, I’ve been following very closely with the case of Societe Generale and now-infamous trader Jerome Kerviel, who is been blamed for causing close to 5 billion Euros of loss [...]
Continue Reading... »I was soooooo right, but….
The sweetiest thing in this world today (to me at least), is to look at the stock for Ambac Financial Group Inc: Did you see how much it went up [...]
Continue Reading... »Finally, what is expected has happened
For anyone who had an observant eye on the NYSE today, it was an incredible morning. When the market was first opened, many stock literally plunged down to the bottom [...]
Continue Reading... »The Black Monday in stock market
Major stock markets have seen the largest drop since September 11th. US is not open since it is a public holiday, let’s hope NYSE and NASDAQ will do better later [...]
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