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This is not really a true technical article, but I thought I had to put in my two cents. I'm really freaked about about what Yahoo! and Jerry Yang are doing. Yang is either slightly too greedy, slightly confused about his own company's worth, or has a slightly big ego. I've been reading on the yahoo meassage boards how so many investors are about to get hammered and I really feel for them.
Here's something interesting, it seems some disgruntled investor has posted their Yahoo shares for
sale on ebay. This is hilarious. They are only excepting Google checkout
as method of payment. Too funny!
http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=150243859197
I've been on a bit of a hiatus, so it's time for the monkey to make a comeback. See you soon boys!
The Profit Monkey.
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Several of you active monkeys out there have sent in some requests for me to take a look at 'The apple of your eye,' AAPL. OK, stupid joke, but I took a gander into the little gem, and I can't make heads or tails of it. This may surprise you, but based on my technicals, I don't care much for AAPL. This is one volatile SOB of a stock. I tried to apply every technical indicator that I could find, and nothing seems to work very well.
The issue is that many trades make small gains after riding huge swings, but the indicators are too slow to pick up on the volatility and can't take advantage of the massive gains left on the table. This stock would require a lot of babysitting, but it would be well worth it. This is one hell of a day trading stock... if you've got the cash ... and the balls... or... it could definitely be more of a long term play.
So the monkey is not going to trade this stock, although the monkey is also drooling about the huge profits (and losses if you're not careful) in AAPL.
Good hunting people,
The Profit Monkey.
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In my continuing and fruitful quest to educate the masses on trading bananas, fig leaves and the overall volatility of monkey poo, I bring you a not so technical explanation to trading... both long positions and short positions. This really is the basics of trading 101. So read on my monkey apprentice...
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My good friend Ybot had submitted a request a while back for the monkey to look at a couple stocks in a sharp and technical way. Ybot probably forgot that he even did this as it's been some time since his request to profitmonkey.net, but I will venture to review his selection. The stock here to look at is Solium Capital Inc. (SUM.TO) a nice small cap stock with what would seem like a lot of potential on the fundamental side of things, but not so much on the technical. This little stock doesn't really trade much (average 3 month volume was 7,200 shares) so complex technical analysis really doesn't work here. When it comes to stocks like this, it's the simple things in life (a nice glass of prune juice, a leisurely swim across the English channel, or a simple technical indicator) that makes all the difference. This stock calls for old faithful - the moving average coupled with a regression analysis. "Say what..." you exclaim?
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I have decided that it's time to start writing a few
articles on various technical indicators, terms and tools that we technical monkeys like to use to better understand the stock charts we look at. So, I'm going to start off with one of the primary technical indicators there is - The Moving Average
(MA). If you are at all unfamiliar with this chartings tool, or if you just feel like spending the next few minutes staring at the screen, then you've made it to the right place!
The MA is quite simple really... it's a widely used indicator showing the average value of a security's price over a set period of time. In other words, you would take a stocks closing price over a set number of days and average them out on the final day. The primary use of Moving Averages (both short-term
and long-term) is to understand the momentum of the stock and to describe low and high points of the stocks movement. In other words… support or resistance.
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