Yaryman Posted December 31, 2002 Report Share Posted December 31, 2002 My last post on the genuis of Crapvision guest Kevin "tech till I die" Landis. From his fund site. "Firsthand Technology Value Fund?" "The Fund invests primarily in securities of high-technology companies that we believe are undervalued and have potential for capital appreciation." "P/E ratio (weighted avg.) 26.77" Here is the footnote the goes with that P/E ratio. "Includes only public companies with positive trailing 12-month earnings, comprising 26.7% of the net assets in the portfolio." http://www.firsthandfunds.com/funds/TVF/#facts I love it. Proforma P/E's. Just exclude the companies with no P/E's. Even after doing that, the "tech value" stocks they hold have a P/E of 26.77. The madness continues. Link to comment Share on other sites More sharing options...
Slothrop Posted December 31, 2002 Report Share Posted December 31, 2002 Trouble with the HUI and XAU charts is this: the upthrust out of the triangle should ALREADY have hit projected targets, since the upthrust target for Gold was hit. I think this is a bearish divergence. Short term. Possibly intermediate term. Link to comment Share on other sites More sharing options...
Guest Posted December 31, 2002 Report Share Posted December 31, 2002 Ok we've got a green one today, however there were so many supports broken on the charts from yesterday's red that I'm thinking it's just a weak bounce back up to what is now resistance. Can't see this going anywhere near a rally scenario but of course I'm looking at a different market. The golds have pulled back and I would consider that a healthy sign especially as there's more signs of accumulation than dumping in the intraday action. I ended up holding on the gold call as it seemed there was plenty of buyers on the call side of things so I'll just sit tight on that one.... Link to comment Share on other sites More sharing options...
The End Posted December 31, 2002 Report Share Posted December 31, 2002 Yaryman, Tanks for the info and welcome to the best website on the planet. :grin: Link to comment Share on other sites More sharing options...
martialcomp Posted December 31, 2002 Report Share Posted December 31, 2002 Mark, agree with you on Home Depot. I think it could bounce up a bit. But, I would not hold it for very long. Link to comment Share on other sites More sharing options...
torah man Posted December 31, 2002 Report Share Posted December 31, 2002 As promised, my mission in 2003 is to help Stool Pigeons either avoid the short squeezes or participate in them. Anybody got the guts to play a retailers on the long side? Thanks for pointing this out. Right after I read you original post I jumped on the sector looking for goodies. Sector map at: http://www.smartmoney.com/marketmap/ and then I looked in the lower left corner for bright green and then green spots. I then checked them and their neigbors and other magic techs i use. my short list of short term, while the jam lasts, plays are: TGT, COH, WMT, and KSS. I use, and i know many do not like it, options. I am looking at Jan, just in the money options. backup list would include GPS, FDO, COST, and JCP I am tired of fighting the powers to be, and if they want to jam a sector, I will move like a willow tree. plan: open position, put sell in at reasonable profit level, 1-2 dollars/option. expected span is no later than end of week. well that is the plan anyway. Link to comment Share on other sites More sharing options...
PileDriver Posted December 31, 2002 Report Share Posted December 31, 2002 ESRX, RFMD, CIEN, BEAS, DISH get my strong vote for "jam insurance". Poised for a pop both on technical trending and reversal basis. Pop Insurance Link to comment Share on other sites More sharing options...
brian4 Posted December 31, 2002 Report Share Posted December 31, 2002 Torah-your strategy on the retailers is fine but I would suggest you buy 1 put on the retail holders index (rlx) slightly out of the money for every 3 calls you buy-it would be the prudent thing to do. Trade Safe! Link to comment Share on other sites More sharing options...
Hypertiger Posted December 31, 2002 Report Share Posted December 31, 2002 The simpletons on Crapvision are all devout followers of the "Just think positive" religion. Link to comment Share on other sites More sharing options...
GregFokker Posted December 31, 2002 Report Share Posted December 31, 2002 The simpletons on Crapvision are all devout followers of the "Just think positive" religion. Fokker's beginning to think that, other than financially, they might just have something there Link to comment Share on other sites More sharing options...
torah man Posted December 31, 2002 Report Share Posted December 31, 2002 Torah-your strategy on the retailers is fine but I would suggest you buy 1 put on the retail holders index (rlx) slightly out of the money for every 3 calls you buy-it would be the prudent thing to do. Trade Safe! i do not see any options for rlx. i know i am doing something wrong. Link to comment Share on other sites More sharing options...
GregFokker Posted December 31, 2002 Report Share Posted December 31, 2002 For all you Jacko fanz. Pretty funny game. He's thinking of suing them for this- what a wanker he turned out to be: http://www.madblast.com/view.cfm?type=FunF...sh&display=1804 Link to comment Share on other sites More sharing options...
bubbadropping Posted December 31, 2002 Report Share Posted December 31, 2002 If I can remember back that long ago, Kevin Landis was treated with incredible reverence on TurdVision 3 years ago. He was basically the Jim Jones of the New Mutual Fund Tech Economy. At that time he sounded so confident and I was so green that I thought about getting on the Space ship with him or at least dropping some acid back at his place in Silicon Valley and then having community sex with the 17 year old school girl secretaries that must be doing all the buying and selling over there. For whatever reason, I think I passed on the prospect. I am simply amazed that he is still around. He must be strung way out on barbituates by now. He was the ultimate poster boy for the Tech balloon. How can he still troll for clients on national T.V. with any kind of self respect? People like that should be kept up the road in San Quentin, maximum security wing. Link to comment Share on other sites More sharing options...
brian4 Posted December 31, 2002 Report Share Posted December 31, 2002 Torah Man-My apology I relied on my memory the ticker symbol is rth-Good Luck-Trade Safe! Link to comment Share on other sites More sharing options...
brian4 Posted December 31, 2002 Report Share Posted December 31, 2002 Budda-these vultures like Landis have been drinking each others bath water for years-they actually believe the bull shit they espouse. Trade Safe! Link to comment Share on other sites More sharing options...
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