Great Investment Advice - Beer

Bntii I looked at SIHi..52 week high of $3.15 it's now @ .40.

Whats the deal with that..did they lose a contract?

This penny tech stuff is tricky,I'm now more longer term...rare earth elements in my area.

 

Thanks West,that makes sense-sort of.Seems like you've been at it for a while and have a feel for the markets.

 

1) IPO dropped into the later stages of a bull marked (weak issues can sell off- sometimes quite sharply and this one is typical)

2) Strong headwinds in what is a early stage business with decent plan (lost a contract.)

3) Chinese Reverse Merger- these were absolutely abandoned by the market as some shenanigans were exposed in a couple of companies.

There is a index which trades the CRM's and the looks to have reached some sort of bottom (perhaps..):

http://www.bloomberg.com/apps/quote?ticker=CHINARTO:IND

We all have our styles & I keep messing with these beaten down issues.

 

SIHI looks like it may break out this morning- up on volume..

 

We'll see what legs it has.

Being optimistic about the US unemployment news,got into the ES very early at 1320 and pulled out @ 1339...19 points and 10 lots.

Should have done 20 lots..oh well.

 

Hi West.I'm not sure if I did my math right, but ????!!!!!!
If you don't mind me asking,why were you optimistic about the US jobs situation???

 

looks like the recent unemployment numbers are simply "creative accounting" (i.e fraud).

there are over 2.4 million fewer people working in Jan than there were in dec, and with that the unemployment rate went down? Only if you write off millions of people not working as "not looking for work". That is data from the Bureau of labor statistics.

we have gotten to the point that "information" from the government can only be viewed as propaganda.

 

You likely did.

I pay attention to certain things.

You're looking in the wrong places at the wrong times.