Jump to content

November Sector Review


Recommended Posts

Riverboater?s Business Daily announced the November results for Fumble Managers and their funds.

 

By sector, here are some of the top performing groups YTD through November:

 

Tech 55%

Real Estate 32%

Telecom 32%

Financials 27%

 

For the last 3 years, only 4 of the top 10 registered positive returns, barely keeping up with inflation.

 

Tech and Telecom had the worst 3 ?year records: -18% and ?20% respectively.

 

Maria, Leslie, Becky, Liz, and all the rest on CrapView have been Bullhorning the semi?s and the Nasdaq stocks non-stop 24/7 this year.

 

?Nasdaq, which is up 58% since the March lows? and ?INTC, doubled from its bottom, etc.?

 

Yet both are still down for the last 3 years.

 

One sector blew away all of the above by a longshot:

 

Gold sector funds were up 62% YTD through November, and are up 50% for the last 3-years. That includes the 2001 bear market in gold. No other sector even came close.

 

Then there was the article which tells us what most of the funds were buying:

 

?Leading Managers Put Yahoo, International Rectifier in Funds?

 

?Amid a bull market fed by investor optimism and economic recovery, top fund managers added Web content stocks Yahoo and Sohu in the latest reporting period. Chip firms such as Lexar, SanDisk, and International Rectifier were also popular among top funds. IBD found that 56 leading funds snatched up $275 million of shares in YHOO. IBD Checkup gives Yahoo an Overall Rating of A+. Forty-five best-performing funds grabbed SanDisk, investing $479 million. The Fidelity Growth and Calamos Growth funds held big stakes in the firm in the latest reporting periods."

 

Then there is the list of ?New Buys of Top-Performing Stock Funds?.

 

This list mirrors the IBD Top 100, with filled with names of the leading ?cult? stocks like CYD, JBSS, LEND, SCHN, NTE, STCR, etc. The usual Boner Charters featured every week.

 

All of the schools were included, such as CECO, APOL, COCO, ESI, ECLG etc.

 

Looking at today?s chart of COCO, now you know what happens when 45 ?Top Fumble Managers? decide to unload a stock.

 

Not one gold stock was included in the list.

 

Friday?s edition of IBD outlines the weekly charts of its Top 28 mo-mo leaders on page A15. Virtually all of the charts are Parabolic. None are gold stocks.

 

???????????.

 

The Glory Days of Wall Struck Firms are returning.

 

According to today?s Wall Struck Journal:

 

?Wall Street is taking the bull by the horns. With the stock market up 32% since March, securities firms have started hiring. Merrill Lynch, for example, plans to hire roughly 2,100 brokers during the next 3 years, and add investment bankers to beef up municipal bonds, leveraged finance, structured securities, and other credit market departments. Merrill is also hiring in debt-related sectors such as mortgages, credit derivatives, and foreign exchange.?

 

No liquidity problems detected here.

 

????????????

 

Hapless bankers at the Bank of Japan continue to prop up the U.S. dollar, as the buyer of last resort, despite its death plunge to new lows each week.

 

The U.S. Treasury Department is returning the favor by Bullhorning the Japanese Economy.

 

According to today?s Wall Struck Journal:

 

?U.S. Sees Reason to be Optimistic on Japan Growth?

 

?The Bush administration believes the Japanese economy may have finally turned the corner. In particular, the Treasury Department?s top international affairs undersecretary said that the stock market is up 25% since the end of March, highlighting the Bank of Japan?s decision to allow the money supply to expand. Another hint of its success is that in October, consumer prices rose for the first time in 5 years.

 

I expect that the U.S. Treasury Department will be Bullhorning all the economies of the countries which are financing our trade deficit. In the meantime, those same countries will be Bullhorning the ?upcoming rebound of the U.S. Dollar, the preferred reserve currency? in order to talk down their own currencies.

 

????????????..

 

Investors got a closeup of Kathie Lee at the milk and cookies ?resubstantiation soiree? last night, but I guess they didn?t like what they saw. After chasing Young Asian Screamers like NTE, ACH, CYD, etc., poor INTC looks kind of tired.

 

INTC was hit for 4% today, officially punched out of the ChannelingStocks.com zone. But somebody was holding her up the rest of the session. Must be that steel underwire.

Link to comment
Share on other sites

  • Replies 550
  • Created
  • Last Reply

On the Brink

 

Not Ready To Jump

 

 

Your Closing Anals Intraday are now posted. Take a subscribatory, open it and download it RIGHT NOW, along with everything else in your Anals!

 

15 Day Intro Subscribatory. Just $2.99! Get In RIGHT NOW!

 

 

Fine tune your timing! Stooltrading is the place! Join your fellow stoolies sharing charts, trading signals and ideas! Each has a different style, and one may be just right for you. Doc gives his commentary as well, with illustrations of intraday cycles throughout the day with projections for highs, lows, and cycle time turns for the SPX and QQQ. He also gives cmap targets for individual stocks by request. There are no superstars in Stooltrading, just Doc and a group of hard working Stoolies, honestly trying to help each other and themselves, constantly checking and balancing one another's views. Our Founding Fathers knew it's good to have checks and balances. The more checks the more the balances. So take a subscribatory to Stooltrading RIGHT NOW, and increase your checks and balances! Become a Stooltrader and join the fun!

Link to comment
Share on other sites

Another sign of market top?

This looks similar to the problem that aussiebear has been talking about that is happening in Australia.

 

DJ Judge Freezes Assets In Alleged $48M Ponzi Scheme

 

WASHINGTON (Dow Jones)--A federal judge issued a temporary restraining order Thursday freezing the assets of a Las Vegas broker-dealer and others after the Securities and Exchange Commission charged them with operating a $48 million Ponzi scheme.

 

According to the agency, Global Express Securities Inc., Connie Farris, of Henderson, Nev., and Dawn Reese, of Las Vegas, offered and sold interests in a real estate investment fund that claimed to pool investors' money to buy mortgage loans and trust deeds. Farris, through a holding company, is the only shareholder of Global Express and Reese is its president, the SEC said.

 

Since late 2001, Farris and Reese allegedly raised at least $48 million from about 600 investors nationwide and promised to pay a minimum return of 12% annually.

 

In reality, the investment fund didn't generate enough interest income to pay investors and operated as a Ponzi-like investment scheme, the SEC contends.

 

Monthly distributions to investors were apparently funded from cash from new investors and the sale of some non-cash assets. In addition, the SEC alleges that Farris filed false quarterly reports that misrepresented the financial condition of the fund.

 

As a result of these allegations, Judge Kent J. Dawson of the U.S. District Court for the District of Nevada imposed an emergency asset freeze on the investment fund and Global Express, required an accounting of all assets and prohibited the destruction of documents.

 

Lisa Gok, an assistant regional director of enforcement in the SEC's Los Angeles office, said the agency hasn't determined how much money the investment fund still controls. She noted that the judge also appointed a receiver to determine the amount.

 

Attorneys representing Farris, Reese and Global Express weren't immediately available to comment.

 

Gok said a hearing is scheduled for Dec. 17, at which the agency will seek an order requiring the defendants to give up any ill-gotten gains plus fines and an order prohibiting them from further securities laws violations.

 

The SEC is also seeking an order barring Farris from acting as an officer of any public company.

 

-By Phil McCarty, Dow Jones Newswires; 202-862-9251; [email protected]

 

 

(END) Dow Jones Newswires (no link--wire service story)

Link to comment
Share on other sites

It's tough being in the 14% Bull category. Don't know about anybody else but I feel like a deer caught in the headlights.

 

Held 5K positions in both RYPTX and RYVNX but been burnt so much in front running, I'm hesitant to add more.

 

Stoolie proverb : "It always darkest before the down..."

Link to comment
Share on other sites

Archived

This topic is now archived and is closed to further replies.

  • Tell a friend

    Love Stool Pigeons Wire Message Board? Tell a friend!
  • Recently Browsing   0 members

    • No registered users viewing this page.
  • ×
    • Create New...