Archive for July 2007

Book Review: “An American Hedge Fund” – The Story of Timothy Sykes Who Turned $12,000 in Bar Mitzvah Money Into $1.65 Million and Started a Hedge Fund Before Finishing College

July 31, 2007  ·  Category: Books
A few weeks ago I got an e-mail from Timothy Sykes offering me the opportunity to review an advance copy of his forthcoming An American Hedge Fund - due out October 1, 2007.  At first I ...
Posted by Greg Feirman  ·  15 Comments »

The Best Concise Explanation For What’s Going On In Markets Now – Risk Is Being Repriced (And What That Actually Means)

July 31, 2007  ·  Category: Bonds, Market Commentary
This weekend, in his "Current Yield" column for Barron's, Randall Forsyth wrote the best concise explanation I've read for what is going on in markets now in an article entitled "Giving Credit Its Due, Finally" (subscription ...
Posted by Greg Feirman  ·  No Comments »

Selling Into Strength

July 31, 2007  ·  Category: Market Commentary, Sentiment Analysis
"Although the overall market is up, I'm seeing a balance of buyers and sellers.  There are people taking advantage of the 'up' market to do some profit taking." - Joe Ranieri (subscription required), Co-Head of Trading, Canaccord ...
Posted by Greg Feirman  ·  No Comments »

Stocks Get a Nice Bounce

July 30, 2007  ·  Category: Market Commentary
"We're in a period of volatility.  We're not out of the woods yet..... All of the things that bothered the market last week are still around...." - Bill Nichos (subscription required), Trader, Bear Stearns  After the brutal selloff ...
Posted by Greg Feirman  ·  No Comments »

What The Charts Say – Watch Dow 12,800 and S&P 1450; The Underperformance of the Russell and The Outperformance of the Nasdaq 100

July 27, 2007  ·  Category: Market Commentary, Technical Analysis
On a day like today, after a big drop, I think the markets are more about emotion than they are about facts and fundamentals.  Therefore, I find it useful to look at the charts for ...
Posted by Greg Feirman  ·  No Comments »

The Credit Crunch Is Here: I-Banks Fail To Sell Bonds and Loans To Finance Chrysler and Alliance Boots LBOs

July 26, 2007  ·  Category: Bonds, Market Commentary, Private Equity
All you really need to read to understand today's market crash is an article on the front page of The Wall Street Journal titled: "Banks Delay Sale of Chrysler Debt As Market Stalls" (subscription required).  ...
Posted by Greg Feirman  ·  No Comments »

Blockbuster Total Access Taking It To Netflix

July 24, 2007  ·  Category: Stocks
"... intense competition slowed second quarter revenue and subscriber growth..." - Reed Hastings, CEO Netflix "Blockbuster is kicking their butts..." - Michael Pachter, Analyst, Wedbush Morgan ".... competition from Blockbuster has been wreaking havoc with Netflix's business......" - Derek Brown, ...
Posted by Greg Feirman  ·  No Comments »

My, My How Quickly Things Change On Wall Street – 10 Year Treasury Closes Below 5%; Ken Fisher Says: Watch Credit Spreads

July 21, 2007  ·  Category: Interest Rates, Macro Economics, Stocks
A month ago the big story was rising interest rates.  Everybody was talking about how the economy was holding up while inflation was still a problem and so, far from cutting rates later this year, ...
Posted by Greg Feirman  ·  No Comments »

Taser (TASR): Expensive, Over-Loved and Cruising for a Bruising

July 20, 2007  ·  Category: Sentiment Analysis, Stocks, Technical Analysis
From time to time I'll write a little report on a stock to keep a record of my own thinking.  I just finished one on Taser (TASR) which reports 2nd quarter earnings before the open ...
Posted by Greg Feirman  ·  No Comments »

Dow 14,000 – Barely!

July 19, 2007  ·  Category: Market Commentary, Stocks
The Dow closed above 14,000 for the 1st time today - at 14,000.41. It's taken less than three months, only 12 weeks and a day, for the Dow to make the 7.7% climb from 13,000 (which ...
Posted by Greg Feirman  ·  No Comments »