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 Trader Mark     www.fundmymutualfund.com     Graphic_subscribe   

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    Community Rank: Analyst (151 pts)  |  Member since 04/09/2008
Tradermark
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All-time Return
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(in 1 year) 		Risk (SD)
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Trader Mark 's Blog Posts
Graphic_arrow1 Visit Blog:   Fund my Mutual Fund


WFC   Wells Fargo (WFC) Kicks the Can by Transofrming Option ARM Mortgages into Interest Only 11/06/09   —  If you are not familiar with what an option ARM mortgage is, read this piece [Aug 13, 2008: Option ARMs- Who Thought Up these Time Bombs?]].  I too was unfamiliar with it, despite following markets closely, until I read a BusinessWeek article in October 2006.  Interest only mortgages? Yep I knew ab...
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INTC   GS   Potential Fly in Bull Ointment: Early Stage Head and Shoulders Formation 11/06/09   —  Many things we are seeing now on the charts are similar to what was happening mid summer.  Many of us (hand raised) were excited about a potential "head and shoulders" formation that was in process of being created.  (what the heck is a head and shoulders? see here) Literally we were a handful of S...
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BX   GFA   Bookkeeping: Making Some Long Purchases 11/06/09   —  Now that the 2 big news events of the week are out of the way, and thus far the drop below the 50 day moving average looks just like it did in July 2009 - that is, a headfake I'll get back some longs.  I am surprised it is just that easy... we had 5 intraday reversals in 9 sessions during this sello...
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Bookkeeping: Adding Some Index Longs on Morning Pullback 11/06/09   —  Since we broke back north of the 20 day moving average yesterday on the S&P 500 I reluctantly must stash the bear costume and temporarily change course; I used this morning's selloff to cut one of my 2 hedges (I was short the TNA ETF) for about a 5% loss; we had about  a  4% allocation coming i...
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Official Unemployment Rate Hits 10.2%; Reality is Far Higher 11/06/09   —  I am not going to break down the full unemployment data because like much of our government reporting it is "garbage in, garbage out" and "you can't handle the truth" mixed together.  If you are newer to the website please peruse these entries during spare time this weekend [Oct 2, 2009: True Septem...
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#1 Article on UK Telegraph Website: No Respect, No Morals, No Trust - Welcome to Modern Britain 11/06/09   —  At first I was going to post this story from the UK Telegraph as an interesting piece... food for thought if you will... with the tag that this tangent has little to do with the financial world we deal with.  But upon further reflection, as we've sat posting story upon story for multiple years about...
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BCSI   Blue Coat Systems (BCSI) - More Global Labor Arbitrage 11/05/09   —  We see in today's news something I believe has been happening for many years, and continues ... under the surface, slowly but surely.  I call it erosion because it is not noticable or a "big bang" emergency but as we look around and ask where all the jobs went while concurrently trying to create bub...
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Yet Another "V" Shaped Bounce- Old Patterns Seem Useless 11/05/09   —  I will say if someone gave me any sort of odds on a V shaped bounce coming off a late day selloff, pushing us at (if you use exponential) or below (if you simple) the 50 day moving average, I would of taken on that wager.  I'd of been wrong.  In front of a market moving economic report premarket Fr...
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Fannie Mae's New Deed for Lease Program - Rent your Home from the Government 11/05/09   —  There are so many rescue programs going on, I am losing track.  Thanks to reader Patrick for notifying me of this; I have been so busy staring at the mirror (while clicking heels 3x) slowly repeating "prosperity is back" I sometime forget how "prosperity" is being achieved. So here is the latest......
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MYGN   Bookkeeping: Closing Myriad Genetics (MYGN) as Earnings Fail to Provide a Charge 11/05/09   —  We restarted a position in Myriad Genetics (MYGN) as a long term "growth at good value" play about 6 weeks ago, despite a horrid technical condition on the chart.  Since then the stock has just sort of hung around and done nothing, trading in a very tight range.  I was hoping this quarter's earning...
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Groundhog Day - is it Wednesday or Thursday? 11/05/09   —  Apparently I missed the "going out of business" sale on stocks announced this morning.  So we sell off late yesterday (bearish), and today - everyone wants back in.... ahead of an important announcement.  Just like they did yesterday morning?  What day is it again - this all looks familiar. Who ...
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FSYS   Fuel Systems Solutions (FSYS) Rockets Over 20% on Huge Earnings Beat 11/05/09   —  While happy to own Fuel Systems Solutions (FSYS) we took profits on this name after a long standing limit order hit [Oct 28: 2008: Bookkeeping - Limit Order Hit for Fuel Systems Solutions], and we experienced a spike in price the very next session [Oct 29, 2009: Bookkeeping - Selling Most Fuel System...
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General Updates: Mutual Fund, Website, Misc. 11/04/09   —  Next week we'll have an update on our performance metrics (as we do every 4 weeks) and I'll do a full update on pledges for launch, but I thought I'd take a moment to address some questions I often receive - especially from newer readers. We have a lot of email readers so I want to stress that on th...
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Whitney Tilson T2 Partners October 2009 Investor Letter: Housing Market Still in Trouble 11/04/09   —  As we await the the gods on Mount Federal Reservus to let the humans know their fate, we have an excellent presentation by Whitney Tilson of T2 Partners - embedded within his monthly investor letter. While others have done a better job of self promotion, Tilson actually made many prescient calls on t...
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AGQ   SLV   Bookkeeping: Selling a Third of Silver (SLV) Position 11/04/09   —  With our largest long position, Ultra Silver (AGQ) up by 15% in a session and a half, we're going to sell a third here around $62.  I cannot see anything the Fed doing hurting gold or silver, but we've been buying on dips so I am just going to lock in some profits. While gold has reached new no...
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Still Many Broken Charts Despite the Index Rallies; Russell 2000 Under Performing 11/04/09   —  Something that has been apparent lately is the weakness in small and mid caps, masked by the relative strength in large caps.  We can see this in the indexes - while we've corrected some in both NASDAQ and S&P 500 it is nothing like what I am seeing on individual stocks.  I don't often post a c...
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Market Jumps Back over 50 Day Moving Average as Investors Predict More Easy Money 11/04/09   —  ISM Services came out this morning; unlike ISM Manufacturing on Monday which is just a fraction of our "new paradigm" economy (12%ish) - investors still seem to pay far more attention to manufacturing.   Meanwhile, services is now the dominant part of the US economy.  Again, taking *any* governmen...
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GS   Goldman Sachs (GS) Q3 Winning Percentage: 98.4% 11/04/09   —  Well, here I thought it would be in Goldman Sachs' (GS) interest to "lose" a few days on purpose to make it look like the game is not quite so rigged, but the firm believed that the previous quarter's winning percentage could be bested [Aug 5, 2009: Goldman Sachs Q2 Winning Percentage - 97%] and they...
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STEC   CEO   STEC (STEC) Crashes 30% on EMC (EMC) Inventory Warnings 11/04/09   —  As with sports, sometimes the best trades are the ones you never complete.  [Sep 22, 2009: Missed STEC Purchase by 23 Cents] Former momentum darling STEC (STEC) [July 16, 2009: STEC - Keeps on Tickin', Never Quittin'] is down 30% premarket despite good earnings this past quarter.  The culprit is gu...
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Nouriel Roubini on CNBC: "Mother of all Carry Trades" 11/04/09   —  While Nouriel Roubini has received some flack of late, and in my estimation his biggest mistake was turning into a "market guru" rather than sticking to his bread and butter, economics - the following video interview this morning on CNBC aligns quite well with my world view.  The main difference is ...
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More about Trader Mark

Avg exp holding time:
172.79 days


Website:
www.fundmymutualfund.com

About Me:
I have been in the market in some form since being a teenager, first with mutual funds, than onto to ... more




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