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 Michael Parness     www.trendfund.com/banners/bannerthru.asp?bannerid=947&position=TF11     Graphic_subscribe   

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    Community Rank: Sr. Analyst (285 pts)  |  Member since 06/10/2008
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Discussions

GU - I would not hold it over earnings. 07/22/08
GU - I like this little one, GU, into earnings that come next week. This is the type, like ICO,that often gets a run into earnings. $12.50 looks like key resistence, if it can break there it can see $15. If not, then stopping out and risk is minimal. I would not hold it over earnings, no way, but into them looks pretty good here risk/reward wise. Still staying away from ANYTHING financial....

GS - I think its one of the best shorts out there. 07/22/08
GS - I still say and will continue to say that as much as people love GS, it's vastly overpriced and on the next wave down here SHORTLY it sees below $125 a share. I think its one of the best shorts out there. The bigger they are, the harder they fall. Best of breed falls hardest, but trust me, having lived through several Bear markets, they do all fall. Yes, there are things to buy here, l...

LEH is still trading like it wants to go way back down. 07/22/08
I still say LEH is the next to go UNDER, like BSC. All the talk of LEH going private is rubbish, they are basically worthless with all the bad debt, you don't go private if you aren't worth anything! You go bankrupt or merge with someone who is nice to you, ala CFC. LEH is not a stock you want to own, at least I don't. Michael "Waxie" Parness

ICO - I like this small cap coal play 07/22/08
ICO - I like this small cap coal play into earnings next week. If the market doesn't get in its way it could see $12.50 or higher before earnings. Like with most small caps, I would not hold it over earnings, just into them. We'll see, but a tight stop gives you a nice risk/reward here on this one. Michael "Waxie" Parness

GOOG has a one way ticket. 07/22/08
GOOG has a one way ticket to $250 next stop, and then, I believe, $150 as a final destination. Their earnings showed what reality is, the poor economy is infecting every type of business. None are immune. Big tech is going down in a big way. As a trader we play them both ways, up and down, but I have to have a bias and unfortunately that bias was and remains to the downside. This Bear has v...




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ROCK-STAR INVESTORS
Rank Name Sharpe Ratio Avg Return Followers
1 noshoes 29.65 +61.65% 160
2 Gerald Greene 21.24 +48.89% 49
3 The Big Bear 19.00 +49.44% 205
4 krprasad 17.77 +19.60% 4
5 David Young 15.63 +16.16% 6


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More about Michael Parness

Avg exp holding time:
No closed positions

Age:
40's

Occupation:
Investing/Trading

Location:
New York, NY


Website:
www.trendfund.com/banners/bannerthru.asp?bannerid=9..

About Me:
Single father to two beautiful little girls. Rags to riches life story optioned by Dustin Hoffman. Ho ... more




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