Monthly Archives: July 2009

Radar Report – 7.30.09

30
Jul 09
Dear New World Investor: This has been the strongest upswing in equity markets since 1938. On a fractal basis, this is one of the most overstretched markets I have ever seen – and one of the most confusing. I thought the upmove was done last Friday, and we would go into an 11-trading-day consolidation until August 10. We may even be in that, because a “running consolidation” can simply go sideways right around a new high. But since the prior run up was so fast and furious, I thought it more likely that we would see a quick drop back...

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Letters to SEC and Congress on Dendreon

30
Jul 09
July 14, 2009 Mary Schapiro, Chairman Securities & Exchange Commission Dear Chairman Schapiro: Today you said you are taking steps that will reinforce your focus on investor protection and market integrity. If you do not investigate, prosecute and imprison the conspirators behind the April 28th bear raid on Dendreon, no one is going to believe you. I sent the letter below to your Enforcement Division many weeks ago. A complete description of how the bear raid was pulled off has appeared on the Internet. One of the original perpetrators posted in advance that the raid was coming. This is a...

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Flash Alert – 7.27.09 – BioCryst

27
Jul 09
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Radar Report – 7.23.09

23
Jul 09
Dear New World Investor: The Nasdaq was up today for the twelfth day in a row, the best consecutive days run since 1996. In the July 9 Radar Report I said: “…starting around midday on Friday or by Monday a heck of a two-month rally should begin.” The rally began Monday morning, July 13. The fractal analysis techniques I use work because they are based on sound statistics. Stock prices do not follow a normal bell-shaped distribution, they have “fat tails” – an excess of unusually positive and unusually negative events. Normal statistical methods like least-squares regression do not work...

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Flash Alert – 7.21.09 – BCRX up 22%

21
Jul 09
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Flash Alert – 7.18.09 – Leading Indicators

18
Jul 09
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Flash Alert – 7.17.09 – BioCryst

17
Jul 09
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Radar Report – 7.16.09

16
Jul 09
Dear New World Investor: Associated Press – Tuesday, July 14, 2009 – The stock market has been struggling to find direction over the past month, having largely given up on a massive spring rally as troubling signs began to emerge on the economy including rising unemployment and waning consumer confidence, undermining a sense of optimism that drove stocks sharply higher since March. What does “largely given up” mean? It means the S&P 500 from its closing low of 676.53 on March 9 was up 39.9% at its 946.21 close on June 12, but as of last Tuesday morning when this...

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Flash Alert – 7.7.09 – Market Outlook

07
Jul 09
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Radar Report – 7.2.09

02
Jul 09
Dear New World Investor: Subscriber DT commented: “You wrote ‘The potentially “Never Sell” Stocks – and Why’ on October 4, 2007. A lot has happened since then. Looking at the rear view mirror, how would you say you did then picking long term holds? Are most of your predictions valid? If you were to write the same article today, what Never Sell stocks would you recommend?” We’re in the quiet period for most companies, with little news coming before the earnings reports start flowing in 10 days or so. It is an excellent time to revisit the “Never Sell” list....

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