Trader’s Narrative

On January 11th, 2008 Permanent Technologies (PERT) released a statement to publicize their reverse merger into a public shell:
PRNewswire-FirstCall via COMTEX/ — Permanent Technologies, Inc. (Pink Sheets: PERT.PK) announced that effective immediately its stock trading symbol has changed to “PERT.PK.”
They also announced that they have up to date financial information:
The Company further announced that Pink […]

This past week we didn’t really see any significant change in the usual sentiment measures:
LowRisk.com, which was showing a very lopsided bearish opinion (59%) mellowed out as some bears moved over to the neutral camp, reducing their numbers to 44%. Meanwhile, the bulls remained almost unchanged (38%).
Even less change happened in the Investor’s Intelligence […]

The stock market just is. Trying to find reasons for it’s gyrations is usually a harrowing exercise. And pinpointing a single cause is pretty much a futile effort.
By now, the event that is most prominent in everyone’s mind is the multi-billion Euro Societe Generale fraud, perpetrated by Jerome Kerviel but before being eclipsed by […]

Well, do ya? If not, let me refresh your memory.
Last year, on June 4th, Morgan Stanley’s market strategists released a message telling their clients of a “Full House” sell signal. The note didn’t attract any attention until June 6th when it ignited a sell-off in the European bourses and jumped the pond to North […]

Every trader prays for volatility because without it, prices wouldn’t move and there would be no chance to make a profit. But too much volatility can be as deadly as a quiet market. It would be a crass understatement to say that we are experiencing tremendous volatility these past few weeks.
The stock market has been […]