Archive for April, 2010

• Get On Board the Gold Train
  Posted by Leigh Drogen on April 23rd, 2010 at 9:56 am, Comments: 0

• Biotech Pullback
  Posted by Leigh Drogen on April 22nd, 2010 at 10:17 am, Comments: 0

• Anecdotal Observations
  Posted by Leigh Drogen on April 21st, 2010 at 3:55 pm, Comments: 0

  As we make our way through this round of earnings, I’m noticing a few things on both the fundamental numbers side and market reaction side.  First, after the total marker melt up we’ve had over the past few months, we’re seeing the stock picker’s market come back.  Many of the market leaders are starting to [...]

• Reverse Split For Citigroup?
  Posted by Leigh Drogen on April 21st, 2010 at 11:14 am, Comments: 0

  On Tuesday the treasury voted for a measure to reverse split Citigroup’s $C stock.  Treasury said that a reverse split, “will address the fact that the company has a much larger number of shares outstanding than is necessary to ensure adequate trading liquidity.” Where shall I begin.  Let’s just take a quick look at the [...]

• Step Aside
  Posted by Leigh Drogen on April 19th, 2010 at 4:31 pm, Comments: 0

  Very simple tonight, step aside from this market.  Best case scenario, stocks need time to back and fill, base out, and set up again for better risk reward entries.  Worst case scenario, we’ve seen a blow off top at a major level of long term resistance.  The last two trading days have seen momentum stocks [...]

• Time To Clean House
  Posted by Leigh Drogen on April 18th, 2010 at 2:24 pm, Comments: 0

  The New York Post ran a poll (unscientific of course) the other day asking the questions: Who should be fired from the Rangers management and coaching staff?  Pretty obvious how the majority of fans, as well as myself, feel.

• Caveat Emptor
  Posted by Leigh Drogen on April 17th, 2010 at 8:18 pm, Comments: 0

  As many of you out there in finance land either read or write stories about the SEC charging Goldman Sachs with fraud, I sit on my couch this afternoon with a plenitude of different edible goodies, stuffing my face while watching the NHL playoffs.  While watching the greatest sporting event on earth (the NHL playoffs [...]

• Momentum Book Update
  Posted by Leigh Drogen on April 17th, 2010 at 12:27 pm, Comments: 0

  It’s amazing, the inability of sellers to keep the market down into the close.  One of the main indicators I’ve been watching throughout this rally is the ability for sellers to close the market on the lows, and continue the selling into the next session.  It should be pretty obvious that this hasn’t taken place [...]

• The News Market
  Posted by Leigh Drogen on April 16th, 2010 at 1:12 pm, Comments: 0

  I always find it interesting how technicals and fundamentals often line up at turning points in the market.  As you know, I’ve been significantly long throughout this entire run the past few months.  When the market got a little extended short term, I pulled in the reigns and raised some cash, never north of 15%, [...]

• Dropping Out of School
  Posted by Leigh Drogen on April 13th, 2010 at 7:21 pm, Comments: 0

  My long held education positions are all gone as of the close today.  I sold the last of my Devry $DV shares as they were up nearly 10%, I had sold out of Capella Education $CPLA on the 7th of this month.  Below are the two charts which show my buys and sells for each [...]