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  • Momentum Book Update
    Posted by Leigh Drogen on April 25th, 2010 at 10:44 am, Comments: 0

    I’m gonna keep this pretty short and just hit the major points.  I sold a lot of stock on Monday bringing my cash levels to over 60%.  This run has been quite amazing and large momentum moves often end with a bang.  Fundamental news often matches up with technicals at tops and bottoms, both intermediate [...]

  • My Social Graph Is Now Self Aware
    Posted by Leigh Drogen on April 24th, 2010 at 12:24 am, Comments: 0

    This week Facebook announced their plans for interweb domination.  It sounds like a joke doesn’t it, the scary part, it’s not. Their tentacles are spreading to every corner of the internet via share buttons, everything is becoming social.  Just a few examples, I can now see what everyone I know listens to on Pandora, what my [...]

  • 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 [...]