It looks like the technicals are there - however it could just keep going lower because of a disappointing event... or has an ipod centric (ie no new macbooks) event already been discounted?  I think wall street has already discounted the ipod only event (the only people who expected more from the event are the same who would have seen the new "Let's Rock" invitation) so I think a double bottom formation is quite likely...

The market studies state that the growth stocks are always found to perform better when the economy or the demographic cycle is running on a high mode. The growth stocks usually pay little or no dividends, the reason being that the dividends act as further investment capital for the company. This enables the company to achieve a higher than average growth rates in terms of revenues and earnings. This invariably aid in the company progress.

These stock picks are further sold at high price earning ratios. In an environment of strong economic growth, the respective companies too successfully tread the path of development. While buying a company’s stock, the investor is actually banking on the future growth of the company. And it is found quite often that these high growth companies actually perform beyond the earning estimates. The investors decide on the holding period which is directly dependant on the continual growth of the company.

The movement of the growth stocks in the stock market provides good indication regarding its future too. Though it is natural for the growth stocks to grow, it can so happen that due to unforeseen market or company circumstances, the growth can slow down substantially or even become stagnant. The investor must always remember that the finance market is never kind to growth stocks which fail to maintain their momentum. It is ample indication for the investor to sell off his stocks and avoid massive losses. 

The green dot represents a buy signal generated by my Trend Following system.  Trades that I will be discussing within this blog will be made according to signals produced by this system.

My systems have been developed to take advantage of short term trends.  Positions will be held until a clear signal to sell or cover has been issued.  Buy and Sell signals will only be considered after a clear trend has been established in the CBOE Volatility Index.

Jennifer

We mentioned then:

"Should that level fail, Air Arabia becomes a reasonable long-term BUY @ 1.20 - 1.27"

Taken from ft.com

As you can see from the recent updates this week - share prices in mining companies especially have continued to decline. The current situations worry me - hopefully the shares will start to pick up next week.

We look forward...

All the best

Posted by Ursula+Werner
Internet: www.getyourstock.com
E-Mail: info@getyourstock.com

olam weekly:

Weekly chart: at support edge
Downside possible: 145 125

posted 20080907 0444pm sg

20080901-20080905
from 20080902 2758 to 20080905 2574 = 184points gone

20080908-20080912
(1) STI 2555, midterm fibo50%, imov, may hold for short term.
With Dow's pretty close 20080905, STI shall have some breathing space.

(2) Indicators wise:
Apart from rsi indicates oversold (well, what's "oversold" in bearish market?)
indicators (macd, stoch, obv, adx, ema, bb) show no reversal signs yet
(indicators are lagging, only prices count)

(3) USA econ events
20080908: Consumer Credit [Report]
20080909: Pending Home Sales Index
20080910: EIA Petroleum Status Report
20080911: Jobless Claims [Consensus]
20080912: Producer Price Index [Consensus]
20080912: Retail Sales [Consensus]
20080912: Consumer Sentiment [Report]
source: bloomberg

(4) Statistical weak Sep
Statistical weak Sep

[a] long? [b] short? [c] sideline?
Considering the above (1)-(2), personal preference: [c] [a] [b]
Considering the above (1)-(4), personal preference: [c] [b] [a]

==========
ref:
Dow 20080905 eod

=====
20080821 “sti hsi sse nik 20080821 eod. What a difference a day makes?!“
“STI
level:
2666(20061016,13,20060508,03)
2647-2642(20061019-18)
2609-2603(20061009,04)
2555 midterm fib50″

==========

* Rep. Frank confirms U.S. Treasury planning takeover

* Frank says shareholders will be "disadvantaged"

* Frank says Treasury to takeover management of companies

* Plan announcement expected Sunday

So Sunday, the poor blokes who went into the weekend holding stock in these two POS GSAs find out if they're left with 10% or 1% of what they had at the close on Friday.

Breaking News Sunday  9-7-08 3:15pm PST:  

==================================================================

Saturday  9-6-08 7:40pm PST: 

Treasury Secretary Henry Paulson is poised to announce that he is Taking Over Fannie Mae and Freddie Mac, and placing them under government conservatorship.  This means they are going to make you pay for other peoples criminal activities.  More analysis will be added to this post as news is released - So Keep Coming Back!  YourMortgageOrYourLife.com

They got rich, you get the bill.  And your kids.  And their kids.  And their kids, etc.... 

From Feed Reports: 

Paulson met with Fannie Mae Chief Executive Officer Daniel Mudd and Freddie Mac CEO Richard Syron yesterday to tell them of the decision to put the companies into a conservatorship, where they would be removed from their jobs, according to a person briefed on the discussions. A public announcement is expected this weekend, the person said.

The decision follows the Treasury chief's repeated comments to lawmakers in July that he wasn't likely to use taxpayer funds to prop up the federally chartered, shareholder-owned firms hit by $14.9 billion in losses the past year. The shares of both companies slid since Paulson won powers to inject unlimited funds in the companies, and their borrowing costs rose.

Pacific Investment Management Co., manager of the world's biggest bond fund, and other large investors may put in their own money once the Treasury decides to inject government funds, Bill Gross, co-chief investment officer at Newport Beach, California-based Pimco, saidyesterday in a Bloomberg Television interview.

``They have to open their wallet,'' Gross said, predicting that the Treasury will act this weekend before the Federal Housing Finance Agency releases an assessment of Fannie's and Freddie's capital.

About 61 percent of Gross's holdings were mortgage-backed securities as of June 30, mostly debt guaranteed by Fannie, Freddie or government agency Ginnie Mae, according to data on Pimco's Web site.

So here are these rich assholes salivating at the chance to rip us off again.  They ripped us off when they screwed us on our mortgages.  They ripped us off when they told us to pull our equity out of our homes and spend it.  They ripped us off when they set up the government to bail out their risky investments with our money.

Now they are going to get rich off of the bailout - investing money they stole from us, taking advantage of their access and influence over the Treasury, the Federal Reserve, the FDIC, the SEC, the Commerce Department, and on and on.  Thos same people who like to watch my website, and others (We have have the records if you want to see them...).

They are stealing from us and all of our descendants for as long as you or I can expect to matter to anybody - hundreds of years or more. 

You and I, our names and our lives will long be forgotten before the American People will pay off these debts they are foisting upon us today.  They are laughing at us and counting their money, they laugh because they know we are lazy, complacent fools who will not lift a finger to defend ourselves from their thievery.

They know we are all more captivated by the prospects of electing the first Black President - even though Barack Obamais not experienced enough. They need to flip that ticket and put Joe Biden on top, or it's all just a show.  Experience needs to be the requirement, not camera appeal.

They know we are all too preoccupied with the pretty, bombastic Redneck babe who unexpectedly emerged from the woods of Alaska to burst on to the national political scene - who could be one (very old) heartbeat from the most powerful posts in the world?  Are we that stupid?  

Are purely superficial qualities like speechifying and good looks more important than knowledge tempered by experience?  Are we that ripe for fascism? 

They laugh at us because they know they stripped our education system it's effectiveness, and left us all full of factoids, but no ability to string them together into a coherent argument, or coherent thought.

They laugh and count their money because they know we will take it in the ass with a smile - just give us a good fall TV schedule.  We'll vote if it's not too inconvenient.  We'll vote for the guys who are screwing us blind.

Expect the unexpected in the markets this week - there may be some big winners, depending on Paulson's plan.  There are definitely some big losers - You and Me.  Read on...

Briefing Campaigns

Paulson gathered with Federal Reserve Chairman Ben S. Bernanke, FHFA director James Lockhart, Syron and Mudd in Washington. The Treasury plans to brief Democratic presidential candidate Barack Obama's campaign team today and has contacted Republican contender John McCain's staff about its intentions.

The meetings come a month after Paulson hired Morgan Stanley to advise on any use of taxpayer funds to recapitalize Fannie and Freddie, which account for almost half of the $12 trillion mortgage market. A government takeover would be the latest attempt to blunt the impact of the yearlong credit crisis, after the Fed provided financing for Bear Stearns Cos.'s takeover by JPMorgan Chase & Co.

Breaking News 9-6-08 7:40pm PST:

Treasury Department's Henry Paulson Taking Over Fannie and Freddie...

===========================================================

In a conscious effort to produce a website that has useful and poignant content that is open and available to readers of any and all points of view, I try to keep my personal slant to a tolerable level and not interject any of my paranoid delusions into the articles.  I will offer them up to some extent, but I try not to profess too much.

But, when my paranoid delusions start becoming terrifying realities, I feel I have an obligation to point them out and make a plea for your concern and attention.

Case in point,  my YourMortgageOrYourLife.com article from August 25, 2008:

Here is more proof they going full speed in their efforts to Fatten Up the GSE Portfolios before they IMPLODE them!

So as More Banks Teeter on the edge and Fannie and Freddie Stock turns to Junk , the Democrats look like they are going to go ahead and try to Implode the GSE’s soon, and draw attention away from security issues, and make the economy the central issue in an effort to win the election.

The only thing worse than that is that the Republicans are determined to Get Us Into Another War or two in their equally Machiavellian scheme to win your vote. 
 And the Republicans plan kills people.

They knew all along!  

And now they are going to make you  PAY for THEIR MALPRACTICE!

 
Bastards.

Now I would like to amend the sentiments expressed in that post to read: 

They are Killing You - the Republicans and the Democrats - and yet You Vote for Them...

They are Destroying your Country - and yet You Vote for Them...

They Only Want Power, not Peace or Prosperity for You and Me - and yet You Vote for Them...

They are Sending Our Kids to War - and yet You Vote for Them...

They are Robbing You Blind - and yet You Vote for Them...

They are Stealing Your Freedom Through Fear and Debt - and yet You Vote for Them...

 

They are Putting Your Great Grandchildren in Debt to Foreign Powers - and yet You Vote for Them...

 

They are Bankrupting the United States of America - and yet You Vote for Them...

 

Freedom is not a right inherent in your being.  You are neither born free, nor do you live free.

 

Freedom is a privilege you have to earn. everyday.

Freedom is a privilege you earn by educating yourself, and contributing to the education of others.

 

Freedom is a privilege you earn by participating in your Democracy as a Citizen Exercising your Right to a Vote on the course of your future.

 

Freedom is a privilege you earn by being an independent thinker, and a collective agent for change.

 

Freedom was wraught from the Blood Sweat and Tears of Patriots who ripped it from the clutches of Tyrants, and now they have a hold of our Freedom again.

I am not advocating any particular party, movement or philosophy.  I don't like any of them.  I am urging you to seek out knowledge for yourself and stop being a sheep - stop being an armchair citizen - start acting like a genuine American.

They give away your jobs so They can make more profits.  They take away you health insurance so They can make more profits.  They send our kids to war so They can make more more profits.  They make risky investments and then pass legislation to make you bail them out so They can make more profits.  When Their investments do make money, They pass legislation to cut Their own taxes so They can make more profits.  They deny you affordable medicine so They make more profits.  They deny you a decent education so They make more profits.  They let your bridges and highways fall into disrepair so They can make more profits. 

I have had multiple government entities monitoring my website since I started it only weeks ago.  If enough people want to see them, I will post the records of their surveillance for you.  Why is your government spending your money monitoring stuff I freely post for everyone to read?  I am about as dangerous as a rug-burn, but it is happening anyway.  The Constitution also protects us from having our land taken by the government and given to another private party, but it is happening anyway.  Who is policing the government?  Or is it a free-for-all, get yours and to hell with everyone else?

------------------

wall e is an interesting show. despite the severe lack of proper dialogue, i think it was absolutely fascinating. the issues it raises and the views it conveys. to think the simple antics of two made up robot characters can evoke so much emotion and thought in an audience. only, sometimes we just want to watch a movie and laugh, and not have to think. because sometimes it hurts to think.

-------------------

august rush was equally, if not more awesome. although i must admit i am biased for august rush, since it was about music. and guitars. and music. but yes, even though i found the storyline somewhat lame, especially the resolution, it was still a thrill to watch. the sheer impossibility of the characters' feats somehow make them all the more interesting. its shows like these that make music seem all the more magical and wonderful.

--------------------

2 movies yesterday. this morning found me sitting in a chair much like one in a cinema, albeit without the popcorn and nachos. but somehow the morning's programme seemed almost as boring as a hallmark movie. or maybe i am being too harsh. at least we were entertained by the antics of the emcees and other involved persons. still, i would have much rather won an ipod shuffle or psp than a lunch with certain vips. ohwell. 

-------------------

So you sailed away
Into a grey sky morning
Now I'm here to stay
Love can be so boring 

Nothing's quite the same now
I just say your name now 

[Chorus]
But it's not so bad
You're only the best I ever had
You don't want me back
You're just the best I ever had 

So you stole my world
Now I'm just a phony
Remembering the girl
Leaves me down and lonely 

Send it in a letter
Make yourself feel better 

[Chorus]
But it's not so bad
You're only the best I ever had
You don't need me back
You're just the best I ever had 

And it may take some time to
Patch me up inside
But I can't take it so I
Run away and hide
And I may find in time that
You were always right
You're always right 

So you sailed away
Into a grey sky morning
Now I'm here to stay
Love can be so boring 

What was it you wanted
Could it be I'm haunted 

[Chorus]
But it's not so bad
You're only the best I ever had
I don't want you back
You're just the best I ever had
The best I ever had
The best I ever

-------------------

it could all have been different

<object width="425" height="350"> <param name="movie" value="http://www.youtube.com/v/uMgMwuaGZkM"> </param> <embed src="http://www.youtube.com/v/uMgMwuaGZkM" type="application/x-shockwave-flash" width="425" height="350"> </embed> </object>

Buying commodities right now is a little like stepping onto the tracks in front of the freight train barreling toward you, hoping it stops a few feet away so you can calmly step on just as it reverses and starts rumbling the other way.  Yeah, that's going to happen.  No pain, no gain, as they say. 

I ponder these things as REAP moves me now a full 13.3% net long commodites exposure if you count the energy stocks.  Today we went grocery shopping for grains and chased shiny things which turned out to be gold.

How about that market, eh?  Nice sucker-punch to the head as we as we turn on our screens coming out of Labour Day, sun-tanned and all.  It was enough to finally get a rise out of my Nasdaq short ETF, which contributed to our little gold purchase, and Rochester Medical stepped forward with a debonair "Allow me" to pay for HAU.

HAU has had an interesting ride that illustrates how well commodity ETFs contribute to the program.  Here are its inital and then 6 REAP trades to date: 

20 MAR   OPEN $15.21
28 MAR   ADD $16.41 (Two trades establish the initial position)
11 JUN   SELL $18.86
03 JUL    SELL $21.00 (The very day natural gas, and commodities basically, peaked)
21 JUL    BUY $15.40  (Starting to buy)
06 AUG   BUY $11.75 (Loading up)
21 AUG   SELL $15.16 (Nice pop)
05 SEP    BUY $11.39 (Re-load)

That kind of looks like buy-low/sell-high.  Although admittedly I do have a few buy low, buy lower, buy again, buy even lower yet situations that I prefer not to talk about.  Like I said, no pain ...  :)

Speaking of pain, here's how we look after one week back from the summer with everyone in a seemingly pissy mood.

Today was a big swing.  I was actuallyback in the red on the year late morning until the afternoon rally restored things a bit.  I'm down on the week 2.5%, but gained slightly on the S&P500 by a fractional amount only astronomers can measure.

Now check out this hurricane map.  See the two yellow bands titled "8AM SUN" and "8AM MON"?  Now follow the red dotted line to the midpoint between them. That's where I'll be at 3PM on Sunday afternoon! - Charlottetown, Prince Edward Island.  Did I mention two posts ago that I had a bad feeling about Hanna?  :)

That's it for now.

Cheers,
Allocator
a.k.a George Parkanyi
gparkanyi@parkanyi-intl.com

Copyright 2008 - all rights reserved

INTERESTING FOOTNOTE
Historically important but lesser-known Greek philosophers generally knows as the "forgotten four" ...

Commodites - really invented leverage, but Archimedes got the credit; died broke
Spectacles - the first prima-donna; never got over Socrates being offered hemlock, and him not
Manacles - usually took the other side of democracy debates; by far the kinkiest (which says a lot in ancient Greece)
Testicles - excitable; more social than intellectual; hung around for a long time

Man, I wish I hadn't been greedy back in May about RTP, I'd be up 15%, instead of down 40%. But I expect it to return at some point especially if the European regulator eventually gives a go ahead to BHP's acquisition attempt. They wont rule til the beginning of 09 though. And some people think that RTP will have to divest itself of some of it's assets, especially some iron, which is what some say BHP wants most. Which is not particularly exciting. I considered selling at it's peak of 550 in May, but then I got greedy and rode it all the way down. Except for a really stupid move I made in the middle where I switched my stocks from vanguard to sharebuilder, and lost even more money on very bad timing and nervousness.

Ha, HEV bounced back later in the day, so I sold. Usually this would not be a very profitable arrangement, but I've got 3 free trades from sharebuilder that expire on October first. So I might as well use em to turn a few bucks. I figure that 6.59 is the high end of what I'd wanna buy at, so HEV bouncing over 7.00 midday seemed like a good time to sell. It had been trending down of late, and on no news, and the closest quarterly earnings report less than a month behind us, I anticipate it'll continue slumping next week. I think today's swing was the result of big trades, and not a change in opinion.

Today we saw a continuation of the slide in oil prices as The Labor Department said the economy lost jobs in August for the eighth consecutive month, and at a faster-than-expected pace. The unemployment rate spiked to 6.1 percent from 5.7 percent in July, above the 5.8 percent rate that many analysts forecast. So far this year job losses totaled 605,000. Oil prices sank below $106 a barrel Friday as a jum