Ace's Stock Blog provided by WallStGrand.com

Presidential Prediction

noreply@blogger.com (Unknown) — Tue, 04 Nov 2008 21:11:00 +0000

Presidential election polls have been consistently predicting a Barack Obama victory Tuesday. To get a different perspective,

The 7-Eleven Indicator

In the past two presidential elections, convenient store 7-Eleven has offered red George Bush cups and blue Al Gore (’00) and John Kerry (’04) cups to its patrons. Customers chose the red cups more often than the blue cups in both 2000 and 2004, correctly predicting a George Bush victory.

This year, however, the blue Barack Obama cups are outnumbering the red John McCain cups 60 percent to 40 percent nationwide.

In the battleground state of Pennsylvania, Obama has an even wider lead of 62 percent to 38 percent.

Halloween Mask Indicator

BuyCostumes.com has been selling 99-cent political masks during the past two elections. In both 2000 and 2004, the George Bush mask was the more popular choice, correctly predicting a Bush win both years.

This year, however, purchases of the Barack Obama mask outnumbered purchases of the McCain mask 55 percent to 45 percent nationwide.

In the battleground state of Pennsylvania, the Obama mask outnumbered the McCain mask 63 percent to 37 percent.

The Redskins Rule

The Washington Redskins lost on Monday.In an ordinary year, this would not be considered a national issue, but an election year is no ordinary year. The Redskins Rule says whatever the football team does in the final game before the presidential election, that will dictate what will happen to the incumbent party.

If the Redskins win, the rule says the incumbent party will stay in the White House, but if the Redskins lose, the opposing party will be victorious. Thus, Monday’s Redskins loss is bad news for Republican John McCain and good news for Democratic Barack Obama.(provided by (C)2008 CNBC)

On another note stocks that have been in favor of Democrats idealogy; Solar stocks, Uranium mining, Stem research, and alternate energy stocks. As a whole, the industires have increased by 5-10% average, indicating Obama winning the election.

ACE

Record Breaker #2 - Tuesday 10/28/08

noreply@blogger.com (Unknown) — Wed, 29 Oct 2008 03:46:00 +0000

What a day!!! Investors were gearing up for this day for weeks. Last week I had mentioned that the Fed is expected to lower the Fed rate to 1% on Wednesday. By 2:15 PM this afternoon as predicted the DJIA had crossed over the 10 Day MA. From there on in the DJIA marched upward for an hour and a half to almost 500 pts and settling up 889. Today marked the second largest intraday gain ever!

I couldn’t believe my eyes when I opened up couple of my portfolios and noticed both real estate and Financials marking the largest advances. I quickly glanced over to GGP and DDR both up by 2:15 PM 35% and 15% respectively. I quickly purchased and increased my interests in GGP at 2.6875. I then placed a limit sell to 3.79 figuring after charting this stock I spotted the increased momentum carrying it over the 10 day MA in a matter of an hour. I figured this should be a perfect exit price to fill in by late Wednesday morning. I left my computer at 2:20 and went to grab a quick bite and flipped on ESPN to watch the latest headlines. Yep, my fantasy team killed it this week. Drew Brees, Santana Moss, and Lance Moore posting huge numbers for Week 8. Thinking to myself, I hope they can carry it over for next week. I glanced over my computer screens one highlighting “market frenzy” reading “DJIA up 600”. I’m getting excited because this means only good news; it gives more juice to my interests. I turn towards my other screen that highlights my current holdings for the day. I rubbed my eyes and looked over at the time. It reads 2:50 looked at my screen again and yelled nooooo. Guess what I what I was blaring about, the price read 3.93. You guessed it, my limit sell exercised at 2:32 PM. I was only away from the computer for 25 minutes and made 41%. That was a new record for me. I wasn’t too excited to see GGP hit the intraday high of 4.16 by 3:02. I missed out on an additional 9.8% profit, but only later relieved to see the stock lose momentum and close at 3.32. Not bad for the ACE!!! AIG 1.83 and SNDK 7.97 are next on my radar. I’ve been aggressively pursuing these two for quite some time. During the past week and half AIG has been hovering just above and below the 10 day MA, as if investors are waiting for something. Keep an eye out for the two mentioned as well as FRE .88 and DDR 11.00. We are bargain shopping. Wallstreetgrand members, please continue to exercise caution when investing as this market rally is not sustainable.

In other news
The Dollar hit a high of $1.30 against the Canadian Dollar

The Euro hit a low of $1.25

Iceland raised interest rates to a staggering 18% due to a $2 Billion loan taken with the IMF with further inclination to raise an additional $4 billion from fellow Nordic States.

The Treasury Department plans to provide funds for 20 to 22 lenders in the current round of a $250 billion bank recapitalization program. Nine of the largest U.S. banks, including JPMorgan Chase and Citigroup, received the first $125 billion of capital infusions two weeks ago. A list of the additional 15 banks that have announced they will use the government funds follows:
PNC Financial Services $7.7 billion
Capital One Financial $3.55 billion
Regions Financial $3.5 billion
SunTrust Banks $3.5 billion
KeyCorp $2.5 billion
Comerica $2.25 billion
State Street $2.0 billion
Northern Trust $1.5 billion
Huntington Bancshares $1.4 billion
First Horizon National $866 million
City National $395 million
Valley National Bancorp $330 million
UCBH $298 million
Washington Federal $200 million
First Niagara Financial $186 million
West Bancorp said on Friday it was seeking shareholder approval to raise between $12 million and $36 million under the Treasury program. Fifth Third Bancorp said on Sunday it expected to receive Treasury approval for $3.4 billion.

Also the latest bank victim to fail is the 16th this year Alpha Bank & Trust, Alpharetta, GA

Consumer confidence reported today a 38 year low

My prediction for tomorrow’s markets is the DJIA will rocket up 200 - 400 pts then settle moderately depending on the Durable Goods and the EIA Petroleum report.
I would cash out profits by Wednesday due to anticipated bad news on 3rd quarter GDP and Jobless claims.

ACE

DARK Friday - WARNING

noreply@blogger.com (Unknown) — Fri, 24 Oct 2008 11:24:00 +0000

Britain's economy shrank, China said the outlook was grim and companies from Japan to France were punished on Friday as a downturn born of the worst financial crisis in 80 years took root.Separate figures from the euro zone showed the 15-nation currency bloc was already in recession. Markets nosedived. European shares shed 7 percent after stocks in Japan had dropped almost 10 percent to their lowest point in 5-1/2 years.The Dollar is at lowest level is 13 years against the YEN currently at.95
Britain's economy shrunk 0.5 percent in the third quarter, more sharply then forecast, after registering no growth in the second, official data showed.Bank of England policymaker Andrew Sentance said the risk of a severe UK recession had risen. Compounding the gloom, a survey of companies showed the euro zone private sector economy was on track for its worst performance since the recession of the early 1990s.

Wall Street looked set to follow European and Asian markets sharply lower at the open Friday, with all three futures contracts losing the maximum amount permissible before the start of futures trading in the United States.According to Reuters data, December S&P futures hit a low of 855.20, while DJIA futures touched a low of 8,224 -- the lowest levels at which both contracts could trade in a session.
We are in a panic mode, of a crazy sell off. I think we'll see the Dow below 8,000 today.

Meanwhile, OPEC announced an output cut of 1.5 million barrels per day from Nov. 1, but the price of a barrel of crude continued to decline below $64 as fears of a global recession outweighed the news.The cartel is hoping to stem the dramatic slide in the commodity's price. You and I know the downward momentum is just too great. Oil prices will continue to fall despite to cuts.

Welcome to the new frontier. Many of us in this nation have never experienced a recession such sever. Markets are in a downward tail spin. Buckel up, today is going to be a scary one. Sell all your holdings. We are testing new lows as I had perviously mentioned the DJIA has broken it's support to test new lows. I'm afraid this won't be the end of it. On we go to 7500 (or lower) Recession is here.

ACE

Recession Approved, Dollar Strength, DJIA

noreply@blogger.com (Unknown) — Thu, 23 Oct 2008 11:42:00 +0000

Good morning members!! Recession is among us due to the continuance of global volatility? The DJIA, broke its 1st support level at 8800 and touched a low of 8335. This means market is still testing for new lows with no bottom in site. The are many variables that may have contributed to yesterdays sell off of 500 pts. For one, earnings and future earnings outlook were dismissal. Across the spectrum of industries, 99% percent had reported below expectations with further warning that future outlook looking grim. Secondly, investors have seeked shelter to the dollar. The dollar has appreciated against every currency since mid May nearly 25% across the board. As previously mentioned, the Canadian dollar seeing the largest swing. Oil continues to tumble downward. OPEC is expected to decrease output in an attempt to put the brakes on the steep sell off. The momentum is so strong; it will take some time for the markets to feel the effects. ACE predicted the bottom at 65 nearly two months ago, that may have to be revised further to 55 in the next two months. It is truly incredible how the markets react before the true dilemma is made public. DUG and DTO is my pick that is the Ultrashort of OIL.

As values of homes continue to fall with the onslaught of ever growing foreclosure and supply of homes, credit has tightened for many consumers. Banks continue to remain ill confident lending to one another. Analysts have back tested and noticed the LIBOR rate initially made the unprecedented move upward in August of 2007 as the initial signal of the onslaught of the credit crisis. It’s amazing how a financial tool and rate change can predict the future comings in the global markets.

ACE continues to hold the notion if an investor is tempted to invest into equities, please invest wisely. Stocks have only gone up between 10-25% in 1 to 2 days then further collapsing to new lows. Please cash out profits and continue to watch for new lows in the interim. (temporary new lows) I told you it was going to be a bumpy one and it will be one for a while

ACE

Market Round Up for October 21, 2008

noreply@blogger.com (Unknown) — Tue, 21 Oct 2008 12:14:00 +0000

Good Morning Wallstreetgrand Members!!! It has been interesting month for investors. Volatility remains the culprit in market uncertainty. As we continue to witness the Government, Treasury, and the Federal Reserve stave a depression and a prolonged recession, global markets have been reacting rather positive to the proposed solutions. Will the Federal Reserve be looked upon as a savior 2-5 years down the road? It’s too hard to say at the moment as we continue to witness the ever growing agony of foreclosures and the illiquid credit markets continue to stagnate the economy globally.

On a positive note, Oil continues to slide reaching a low of $68 and currently hovering slightly above $74. OPEC is meeting this Friday as many investors anticipate the OPEC to cut production significantly to accommodate the decreased demand as mentioned previously simple economics. OPEC is also expected to hold an unprecedented meeting in December to further cut supplies in anticipation of holding the price of oil at $75 a barrel. In November or December we should expect to notice energy stocks flattening out.

Currency $ and €

I’ve witnessed the past couple of months the Euro and the Canadian dollar depreciate against the US dollar. Below is a chart of the US dollar vs the Canadian dollar. As you can see the Canadian dollar was actually appreciating against the US dollar and at one point was worth a penny or two more. Now things have reversed with the $1 US is equivalent to $1.20 Canadian. ACE had a call option and purchased some Canadian dollars in US dollars. Who’s coming to Montreal with the ACE? Our dollar can go very far in Canada.

In respect to the EURO, the currency has simply been depreciating against the dollar now at $1.33, though remains relatively stronger the $. The currency is confirmed downtrend. ACE currently holds a put contract on the EURO in the FX arena.

THE DJIA

On 10-10-08 the DJIA bottomed at 7885 and hit a high of 9789, more than a 1000 pt swing. Since October 10, 2008 through 10-14 the DJIA had gained over 1000 pts in four days. By the day’s end of October 14 through October 16, the DJIA had crashed to 8199 (second low). Ever since the 16th the DJIA had gained again another 1000 pts. News is the contributor to market volatility. ACE had mentioned in previous posts to be very wary of the huge upswings and downswings. I continue to hold that notion and trading accordingly by cashing out applying the rule of 20. Today we should witness a positive swing as the end of Monday; investors rallied thus creating a new support level at 8800 and resistance of 9500. We will wait and see if markets can sustain this rally. In my honest opinion, this is a temporary rally that eventually will flatten out, the continuance of push and pull ideology.

Please standby for future updates to ACE’s portfolio and upcoming features to the blog.

ACE

Thursday October 16 ^ 700 Point Swing, VIX, OIL, & Recession Fears

noreply@blogger.com (Unknown) — Fri, 17 Oct 2008 04:19:00 +0000

A late-day rally gave the Dow industrials a triple-digit boost after a volatile session in which the DJIA swung within a 700-point range. I think this is bargain hunting and there are some bargains out there. Some of these stocks are at historic lows. The other cause for the day's wild swings was unwinding of hedged options on the S&P 500 ahead of October options expirations on Friday. The expirations triggered several big buys at the end of the day. The day was book-ended with rallies. Stocks lurched out of the gate following some not-horrible economic reports: Consumer prices came in flat while weekly jobless claims fell. But that rally fizzled after mid-morning reports showed the Philadelphia Fed's index of mid-Atlantic factory activity fell much more than expected and industrial output hit a nearly 34-year low. The DJIA retested Friday's closing low around 8450, then fell through to a five-and-a-half year low.

Looking at inflation right now is like looking in the rearview mirror while ignoring the train wreck dead ahead. Even Fed policy makers are saying the economy appears to be in a recession, and that is why the stock market has fallen more than 40% from the highs last year, it is discounting a recession if not outright depression. The Dow finished up 401.35, or 4.7 percent, to close at 8979.26. That makes 21 out of the past 24 sessions the Dow has made a triple-digit move. As of today's close, the Dow is up about 530 points for the week. (Of course, at the rate we're going, that doesn't mean anything. Tune in tomorrow!)

The CBOE volatility index VIX 67.61 -1.64 (-2.37%), widely considered the best gauge of fear in the market, soared to a new record above 80 before pulling back to 67.61. With record levels of fear in the market, where do we go from here? History might offer some clues as to when the volatility will subside.
The price of a barrel of oil settled below $70 for the first time since last August after a report showed crude inventories rose by 5.6 million barrels, more than double the 2.2-million-increase expected.

Elsewhere, U.S. and European leaders agreed to meet this weekend to prepare for a summit to overhaul the global-financial system. Speculation is growing that the Fed will be forced to cut rates again as consumers struggle through the financial malaise.

FRIDAY Reports: Housing starts; consumer sentiment; Earnings from Gannett, Honeywell and Sony Ericsson

ACE

Round 2 of Financials

noreply@blogger.com (Unknown) — Tue, 14 Oct 2008 12:56:00 +0000

Get ready, as for today's market movers again will be entirely Financials. I like NCC, FRE, and ABK...Our sleeper for today is APWR. Opportunities are their my friends. Good luck on Super Tuesday and remember ACE's rule of 20!

ACE

Manic Monday

noreply@blogger.com (Unknown) — Tue, 14 Oct 2008 04:05:00 +0000

As expected, Monday was to be a day of recuperating. Who would have thought it would have gained 930 points? Today was marked as the largest gain ever recorded by the DJIA. Hold on to your seats more records will be broken. I expected a gain of a modest 400 points with financials taking the lead. I hope many Wallstreetgrand members took advantage of my advice this morning as you would have yielded an average 20%.

Markets around the world took the information as positive news. The Nikkei is currently registering a 13% gain this early morning as the Japanese government took similar action of the US government ($250 Billion injection). The government of both the US and Japan have injected liquidity into financial systems. I must admit, Paulson has mastered the Depression era as he had studied this time of crisis extensively with putting into play, carefully calculated steps with implementation of the 21st century model. The last time the government had injected liquidity into financial companies was again implemented in the The Great Depression. In my previous posts, I had mentioned what I believed the first steps to cure the crisis is that injecting liquidity would be the optimal course of action. For I too have studied The Great Depression with such thoroughness, I actually feel honored that Mr. Paulson is on the same page as ACE. By providing liquidity for which you and I were beginning to feel the pinch in the lending arena by both observing the LIBOR rate inching higher and tight lending standards, the government has provided the much needed liquidity the financial system was in need of.

Don’t expect things to around just yet. It will take time for markets to adjust to this modification. Many analysts believe today we have witnessed a potential capitulation in the making as observed in 2002- 2003. I believe it will take some time for a complete turnaround. I commend the Feds and Treasuries action thus far, but this dilemma should have been thwarted if financial regulation was put into play. Between year’s end and February 09, I believe we’ll hit a second bottom in the range of 7000-8000. Year end reports would of course disappoint and not hit the analysts’ marks. Do not believe today’s gain will mark a turnaround. This is not sustainable. The market is reacting to news.

I must admit though, the past week or so had marked an exaggerated overselling by many Hedge Fund Managers and portfolios. What do I believe many of you should do? BUY. Think of it as a bargain for many stock price shoppers. When will you have an opportunity to buy GE, Yhoo, GGP, etc….at these prices? Never will we ever see these prices hit this low. Yes, prices will march upward tomorrow and the next, but don’t expect significant gains right from the gates. Again in this market, you’ll continue to witness volatility. A gain of 20% one week and loss of 20% the next few, will be of customary. Take advantage of the large upward swings, by using ACE’s rule of 20. Gain 20% and move elsewhere. Increase your purchasing power by lining up your bishops, knights, and pawns. Think of next move in advanced, time the markets and choose wisely. Allow me to be your mentor as I will guide you to VICTORY. Check my portfolio regularly (linked on the right hand pane) for updated gains as I will show you how, you too can gain in hard times.

Keep an eye on the Treasury Yield, inflation figures, OPEC, and OIL

ACE

Great Monday..BUY

noreply@blogger.com (Unknown) — Mon, 13 Oct 2008 12:08:00 +0000

Alert buy into the Financials, pre market orders...Market is expected to go on a frency as financials have been oversold as of late...BUY AIG, ABK, NCC....etc..all of them.....can't miss out on them...Short term hold...Expect close to 20% gains.

ACE.

Is a Market Crash inevitable?

noreply@blogger.com (Unknown) — Fri, 10 Oct 2008 11:54:00 +0000

Good Morning wallstreetgrand members! We’ve witnessed this week a 1,500 point drop with the DJIA at about 8,500. That is a 5 year low and 38.79% off for the year. Sadly enough consider ourselves fortunate compared to other countries. This morning, Japan’s NIKKIE has fallen 9.62%, HANG SENG Index fell 7.19%, CHINA had fallen 3.57%. In Europe this morning, the German DAX fell off 8.2%, the French CAC 40 fell off 7.62%. In commodities as I continue hold my case that OIL is on a downward trend, is off 4.5% to below $82.00. GOLD on the other hand is up 4.31% used as an inflationary hedge.

We're witnessing a worldwide sell off in the equity markets where investor confidence has become obsolete. Intuitional investors are being squeezed by their clients to close their account and deposit in a Switzerland bank account. This shows that domestic investors have lost their confidence in the US banking system. There have been trillion dollar loses with billions of dollars withdrawn from the market as investors protect themselves from further loses. This is a complete sellers market per se. Is there an end in sight? I’m starting to believe the DJIA may further collapse to a 10 year low that is below my original floor price of 7,500. This is a PANIC. This is far worse than the DOT COM Bubble.

Credit Freeze continues as interbank lending has come to a halt. LIBOR rate continues to climb above 4.75%. Banks fear each other, in trepidation of their inability of repayment. Banks have gone borrowing from their respective governments.

Let’s put this into perspective. In the previous post I had mentioned that Iceland is on the verge of Bankruptcy. Yesterday they had announced the third and last bank is now nationalized. They have a total of 3 banks now controlled by the government. It has become known that the banks were in near collapse. Iceland is in a state of fear. Icelanders have reported that their unable to use their domestic credit cards. They are experiencing a credit freeze, and I don’t mean the Permian basin freeze.

On a further note, US States are also experiencing budgetary constraints. It was reported that a total of 31 states or $54 Billion have reported excess budgets of an average of $1 billion with California on the brink of collapse with a debt of $23 billion. California has warned that in a matter of a year, the state will not have sufficient funding to pay for state workers (teachers, police officers, etc…) New York, New Jersey, Arizona, Nevada, & Florida are also the few on the list. Many of these states as you may know have experienced significant consumer foreclosures with California leading the pack. When houses aren’t occupied, taxes aren’t being paid = lost funding to the state. Not only are banks running to government for funding but states too. Can you imagine that? I hope the printing press is well oiled. There’s going to be a lot of Greenbacks printing. We might as well run off to Mexico where a dollar now exchanges .27 to the dollar or Canada where the exchange is .16 to the dollar. I can picture it now, building a beautiful shore home along the coast of Mexico, living like a King…..ohhhhh excuse me I was thinking loud to myself. But boy you imagine having 100k what it can buy you in pesos!!!!

We have not hit bottom ladies and gents, so be a cautious investor. Remember no speculation in a time of uncertainty and unrest. Go for the sure bets as ACE holds this in his portfolio – DUG, DTO, VIX, ABX, GOLD, and puts on several equities. Remember, you can gain from the market crashing so why not CASH in. I’m an optimistic individual as you can see; you should be one as well because we won’t be out of the gutter for a very long time. Thank you Greenspan!!!

ACE

Worldwide Market Crash & Central Banks drops rate to 1.5

noreply@blogger.com (Unknown) — Wed, 08 Oct 2008 12:11:00 +0000

Excuse my absenteeism this week while I catch up with the market crash. There has been too much information to digest in such limit amount of time. Worldwide markets have been taking the US’s action of the $700 million bailout, negatively. There were markets such as Brazil and Russia that have shut their market to decelerate the drastic sell off. Markets have been so volatile that VIX (volatility index) for the first time in history breached above $50 range or a gain the past week of 21%. Currencies worldwide have been depreciating at a rate never seen with the exception of the ¥ YEN which has gained considerable speed against the dollar as of late.

The US financial fallout has spread as mentioned from previous posts like a virus. Countries as far as Australia and Iceland have been affected with market share and currencies falling nearly 40%. I’ll repeat that song from REM “It’s the end of the world as we know it” but I don’t feel fine. The sky is falling and so are worldwide markets. This is truly scary, as some analysts have been comparing this fallout to the market crash of the 80’s, technology bubble of 2001, and to some extreme similar to the Great Depression. Will we experience the Great Depression of 2009? I hope not, but we’ll experience instead a prolonged recession period that will last for 1.5 to 2 years, much more severe than the DOT COM Bubble. Ladies and Gents, we are much further into a Recession, a recession that will not only affect the perseverance of the US market, but effect worldwide markets and nations alike. “Worldwide Recession of 2008 – 2010”- shhh don’t tell Mr. Bush he doesn’t already know! I’ve pulled the DJIA and noticed a similar fallout from 2001 -2002, following an enormous catapult. I don’t believe we’ll see one anytime soon. Markets have not bottomed out. I predict the DJIA to hit the range of 7500 – 8000 as our floor level. That is about 1500 pts away.

What can we comprehend from this?

One; Asian and European markets have experienced a panic sell off and a realization that their nations banking systems are experiencing similar symptoms, jitters and lost confidence along with tight or in some markets frozen borrowing. The LIBOR and short term interest rates have drastically increased with banks, less inclined with interbank borrowing and more reliant to government borrowing.

Two; World output and growth have seized. Did you know Iceland; a country of 350,000 was once experiencing the worlds’ finest per capita ratio and considered the most satisfying country to live in, a country whose GDP raked in only $10 billion. That is a considerable amount given with 350,000 people. It is unfortunate to believe, but Iceland is one of most heavily exposed to the Financial Crisis with banks exposed to over $100 billion in liabilities, much larger than their GDP. Iceland will probably be the first country to declare bankruptcy. Now, that is scary.

Third; Asian and European Indices’ have fallen off to five year lows, most considerably the NIKKEI, which dropped 9.6% last night. I guess Toyota won’t surpass GM has the world’s most purchased vehicle. This market has become increasingly scary.
Four; Commodities have fallen through the floor. I can’t believe that Commodities (oil, precious metals, fertilizers..etc..) were in 4 year upward trend and then dissipate to zilch. It took a matter of weeks to erase gains that it had taken 4 years to build. Take a look at Potash (POT), it hit an all time high of $220 midyear and now currently trading around the $80 range. The sky is falling!

What should an investor like your self do in today’s market?

For starters, I hope you took heed to my previous post of 401k’s to allocate your funds into Stable funds and or treasuries. Please tell me you changed it. Don’t look now, but just continue what you’re doing and shuffle around your investments to less risky funds as mentioned before. This environment will not improve overnight. Greenspan has done enough damage with deregulation, loose lending practices, and the illed artificial injection super shot of Vitamin E – now exhausted of all energy. Thanks Greenspan of your ingenious practices.
STAY AT CASH….I don’t see anything positively moving at this moment. Cash out immediately or hold on to your losses for another 2 years for a turnaround – as I bite my tongue…gulp…I say we hope. I would hold interests in puts in everything imaginable (BAC, yhoo) for starters. I predict the DJIA bottoming out at 7500 - 8000

As previously mentioned oil will continue to fall due to basic economics, people. Oil will not increase immensely just because winter is approaching. It won’t matter when we have increased supplies and a decrease in demand. It goes back to the basics of law; supply and demand. DUG and UNG by the way mentioned in previous posts, pull the quotes for your selves, I don’t want to stay I told you so!!!! I originally predicted oil will hit $85 floor, now further revised to $60 -75 range.

Inflation and Unemployment

Watch for these figures to increase for the next year or so. Unemployment will hit 7%and forget about inflation, as the government injects liquidity by the $trillions of printed money at the expense of taxpayers. Inflation by the way is considered a hidden tax. Look it up!! The possibility of inflation will significantly increase especially for the fact that Central Banks this morning announced a collaborative effort with EU, UK, Canada, Switzerland, & Sweden to lower interest rates by half a point to 1.5. And off to the races investors go as the dollar decreases in value and GOLD appreciates.

GOLD

With onslaught of inflation on the forefront of everybody’s mind, investors have always run to cover under the umbrella of what everybody loves to wear, GOLD. Gold is considered a hedge against inflation and what do you know, inflation is high and the dollar is weak. I predict GOLD to make a run to $1500 or more.
Markets will continue to fall, stay at cash till the next intraday trade. Do not hold longer than a day. Few players that I like for the day are ABK, GDX, and GG.

Regards,

ACE

Friday's Moves

noreply@blogger.com (Unknown) — Fri, 03 Oct 2008 12:51:00 +0000

WallstreetGrand Members,

Friday morning will be deemed a positive day as the House is set to vote on the final passage of the Bill. Investors have been waiting on the news for quite some time.

On the fore front, we will expect the morning futures head higher at the open with Financials taking the lead. My players this morning are SOV, WB, and NCC as these have taken a hit are most anticipated to be greatly assisted by such passage of Bill.

On other news Wells Fargo has taken the unprecedent move in acquiring Wachovia for $15.1 Billion elbowing Citigroup aside with the agreement to acquire the entire company without FDIC insurance. Markets will take the news positively for shareholders.

Today should bring us all wealth and furtune. Good Luck!!!

ACE
mailto:ACE@wallstreetgrand.com

Senate Approves Financial Market Bill

noreply@blogger.com (Unknown) — Thu, 02 Oct 2008 01:43:00 +0000

News just in, Senate has received majority vote 74 - 25 to pass the historic $700 Billion bill. The Bill will make it's way to the House of Representatives for approval on Friday. Asian markets has taken the news mixed sending Indexes on a roller coaster ride. Gold is fluctuating lower and Oil is below $100.

Will US markets take the news positively sending the DOW to an all new intraday high? Or was todays' run-up in the financial industry already accounted for? The few that have taken off this evening is ABK, SOV, NCC, BAC, AIG, and WB just to name a few.

And Mr. Warren Buffet investing in GE for $3 Billion, 10 % Premium, 3 year callable option. Their has a been a stampede of investors during aftermarket hours.

Feds extend shorting ban to October 17 for Financials which original ban was to expire tommorrow.

Rumor has it, when Feds meet again October 29, 2008, bets are they will decrease interest rates and risk inflation in hopes of fighting off a recession. Folks we're in a recession. Hate to admit it, but it's better for the markets if the government admits it but that will be up to the next president to handle.

Join wallstreetgrand preferred list to receive ACE's pick alerts.
FYI AIG @ $3.13 sold today at $4.00 = 28% gain
ABK at 11.27 AM @ $2.42 sold today at $3.50 12:30 amazing 44.5% gain in 1 hour..

Take that to that bank.

ACE
ace@wallstreetgrand.com

PANIC!!!!

noreply@blogger.com (Unknown) — Wed, 01 Oct 2008 11:55:00 +0000

Monday’s drop of 770 points was the biggest and largest point drop in history. As I had mentioned in the previous posts, gents we are in for a ride, history in the making. Tuesday’s gain of 420 pts has also made history as the third largest point gain in six years. Market has become so volatile that the VIX index on Monday had gained 40%. That is insane for an index to gain ground as witnessed. Was Tuesday’s gain, a turnaround from Monday’s decline, absolutely not? This market run-up is not and will not be sustainable. Be very wary of this teaser for which it will hurt any interest you had committed to yesterday.

Monday’s significant drop played an eye opener. Don’t just focus on the market’s drop but take into consideration of OIL dropping $10.00, which by the way is the largest drop in history. Ironically, everything that dropped the past two days had record declines, (i.e. LIBOR rate biggest jump ever, Euro plunging against the dollar-largest drop since the introduction of the Euro.) As an investor we must acknowledge things will not turn around over night. A reversal of trend will take time to brew. It may take up two to three years for unrest to settle down.

What does the large market decline and Congress declining bailout mean to a consumer?

One; Monday’s drop had created such a Panic similar to the 1920’s; Great Depression, investors pulling out of the market as a stampede of investors seeked shelter. But the drop is much more than concerned investors; it’s the reaction to Congress’s resolution to decline the Bailout bill. Congressmen and women were inundated with emails and letters from concerned citizens (Main Street) disapproving taxpayers money to shore up Wall Street’s mess. The 228 votes against the plan included 95 Democrats and 133 Republicans, a mix of conservatives, liberals and members in tough re-election fights. The consensus believed that this bill was devised without careful consideration and many believed the bill carried many flaws. I myself find the bill is very flawed after reading into further. What the banks need to do is to continue to consolidate. Eliminate the rotten apples first then inject some liquidity into the banks. As you will witness your local bank will soon be nonexistent. Secondly, the government has to stabilize the housing market by means of fiscal policy, meaning, tightening monetary lending. Lastly, Feds have to reestablish liquidity for the banking industry. I.e. the money market funds became almost in insolvent until Feds injected billions for insurance protection.

Truth of the matter folks, there have been numerous Bank Crisis. Will this be the last crisis for us to experience after reregulation, no sir. There is a cycle of every 10 to 15 years bank crisis with the most significant being the 1920’s and what we are experiencing today. As I had mentioned previously, this crisis is very much similar to the Great Depression Panic and Crisis. We must entail the same ideology in the 1920’s and implement it to the 21st century to accelerate the credit crunch. The difference between now and then, is back then the economy rode the waves for 10 years before political influence and policies were implemented. In the 21st century, we must have a Bailout program that will suitably fit the world economy of today and implement immediately or else we’re in for the Great Depression Part II.

ACE
ace@wallstreetgrand.com

Last week’s reflection and what should we anticipate this week?

noreply@blogger.com (Unknown) — Mon, 29 Sep 2008 12:09:00 +0000

As Congress deliberates the passage of the Bailout proposal, banks continue to falter. We witnessed one of the largest Financial Institutional holders (WaMu) of consumer banking falter and then gobbled up overnight for $1.9 billion. The DOW continues to slide as uncertainty remains. The Dollar’s reestablished ground and OIL continues to stagger downward. As each week passes, market jitters has spread across seas. European banks begin to feel the same financial instability as the US markets. The Europeans are also contemplating on a similar bailout and nationalization plan. It’s as if, this financial disease has become airborne and spreading over continents one by one, attacking each common wealth with precision timing. Every American has started to wonder, when will this end and is my bank going to go under as well? No one knows for sure as each banks’ CEO plays the waiting game. WaMu has definitely lost in the waiting game. Is Wachovia next? They have been on the sideling very quietly till about a few weeks ago. Just as I noticed their stock price crash 75%, short selling ban was put into place as if this was just a delay for further decline. My thoughts are if Congress doesn’t enact the bailout plan this week, Wachovia is doomed.

What should we anticipate for the new week?

I anticipate Congress approving all financial expenditures by this week. Last week, Congressed approved funding for the reusable energy industry such as solar power, wind, ..etc… Funding amounted to $ 50 billion. The Green sector was definitely influenced by the good news. We should also see the automotive industry receive $25 billion funding from Congress. The automotive industry has seen huge setbacks as consumer spending has shifted to more economical, efficient vehicles produced overseas. This new infusion of cash into the automotive industry is all into the hopes that the big three may develop new technology of becoming the market leaders in MPG’s. I personally don’t believe that will happen considering Ford, GM, and Chrysler are heavy influenced by the American oil industry.

During Bush’s presidency, he has managed to spend I believe every single American taxpayer dollars imaginable. The number has become astronomically high; the best mathematicians in the world are finding it hard to keep up. I can only guesstimate the figure surpassing close to $2 trillion. That is with 10 numbers by way. The Iraq and Afghanistan wars, funding for each industry, the financial bailout, tax stimulus, etc…. List just goes on and on. Imagine if the government spread the money evenly to all US taxpayers pockets. Each individual tax payer would receive close to $600,000 to $1 million. What would you do with that money? I can guarantee you will definitely put into the market as consumer spending rather than Corps. paying millions dollars for the terrible job they have done. Let’s sit on the sidelines and see who will fall next.

Regards,

ACE
http://www.wallstreetgrand.com
ace@wallstreetgrand.com

Financial Crisis Saga Continues, WAMU, (CLWR) update

noreply@blogger.com (Unknown) — Fri, 26 Sep 2008 11:49:00 +0000

What do you know, WaMu has just been seized by the Federal Deposit Insurance Corp. (FDIC) and then sold the thrift's banking assets to JP Morgan Chase & Co. for $1.9 billion. Like we didn't see this coming! Seattle-based WaMu, which was founded in 1889, is the largest bank to fail by far in the country's history. Its $307 billion in assets eclipse the $40 billion of Continental Illinois National Bank, which failed in 1984, and the $32 billion of IndyMac, which the government seized in July. One positive is that the sale of WaMu's assets to JPMorgan Chase prevents the thrift's collapse from depleting the FDIC's insurance fund. Because of WaMu's souring mortgages and other risky debt, JPMorgan plans to write down WaMu's loan portfolio by about $31 billion - a figure that could change if the government goes through with its bailout plan and JPMorgan decides to take advantage of it. The seizure by the government means shareholders' equity in WaMu was wiped out. So for some, who had purchased some interests into WaMu, speculating they will be gobbled up before the gov’t does, have just lost the money. But don’t feel bad, the deal leaves private equity investors including the firm TPG Capital, which gave WaMu a cash infusion totaling $7 billion this spring, on the sidelines empty handed. JPMorgan Chase said the acquisition will give it 5,400 branches in 23 states, and that it plans to close less than 10 percent of the two companies' branches.The WaMu acquisition would add 50 cents per share to JPMorgan's earnings in 2009, the bank said, adding that it expects to have pretax merger costs of approximately $1.5 billion while achieving pretax savings of approximately $1.5 billion by 2010. Watch out Bank of America, there’s a new kid in down JP Morgan or should I rather say Bear Stearns, WaMu,…….and counting? Congress & WaMu’s CEO wake up, you can’t fool us with your “Politicking” jibberish…you’ve just caused millions of dollars of hard earned money from everyday people lose their earnings and none the less their jobs. We know this will get approved at the expense of taxpayers’ (FYI figures predict $5,100.00 per person, so if you have a family of 4, you just financed the gov’t and company’s mess $20,400.00)

“Well done ACE!!!!” writes one reader and investor. I could go on and on with the emails. What the reader was referring to is my post alert regarding CLWR. To note it closed @ $12.02 up now 26%. “Keep em’ coming” writes another. I will!!! Remember, purchasing on speculation is fine and dandy when the returns are in your favor, but if not you’ll end up like the WaMu investors, empty handed. It’s a high risk, high return. What I have done is, I saw an opportunity and read the charts accurately as I will continue to be consistent bringing you equitable trades which equals profits. Good luck wallstreetgrand members, this morning. Note OIL is going down…hmmm I wonder why.

Regards
ACE
http://wallstreetgrand.com/
http://www.blogger.com/ace@wallstreetgrand.com

New Features Added, (CLWR), Renewed Commodity Vigor?, Financials 9-23-08

noreply@blogger.com (Unknown) — Wed, 24 Sep 2008 04:20:00 +0000

Goooood Mooorrnning WallstreetGrand Members!!! I want to share my enthusiasm with our club members, and welcome you all back to week 2 of our Blog. WallstreetGrand Blog had a very successful launch. Many of you have provided positive feedback with ACE’s Blog. I’ve been inundated with a slew of emails by our readers. Many of whom have provided their suggestions, comments, and questions. I encourage you all to ask “the ACE” any questions you may be unsure of. Remember this isn’t a classroom, so I promise you, I won’t scold you for any dumb questions asked. Scouts honor.

So, on we go! I’ve had our techs add on a few new features to the blog. I’ve attempted to add a ticker, but we’ve encountered technical difficulties. We’ll try to work out the kinks in the interim. On the right panel, you’ll see a few newly added features.

•We have an OIL ticker, which we’ll keep a close eye on.
•RSS feed subscribership feeders added. Please subscribe to our free feature for up to date posts and alerts. Instant Gratification!!! RL**
•Please also subscribe to WallstreetGrand’s SMS – text “stocks” to 25827 and receive instant alerts for our timely picks. Remember timing is everything, don’t be the last to know.
•We also have a weekly poll. The winner will receive absolutely nothing, but we encourage your opinion!!!
•Last but not least, HTML links to Wallstreetgrand.com and a firsthand look at ACE’S portfolio & performance. Please note in times of distress, ACE continues to outperform the DOW, S&P, and Libor Average by an average of 45%. Take that to the bank. $$$$

Watch list (F), (CLWR), & (JSDA)
Ladies and gents, I hope you took heed to my advice and invested wisely. Ford, as I had suggested purchasing, if it had closed significantly higher than the previous day close of $5.07. Well fellas, it did not close much more than a penny. News broke out the next day that Ford will sell $5.1 Million of shares, which will further cause negative investor sentiment. Please stay at bay. WAIT.

CLWR is what we’ll call the diamond in the ruff. I initially had mentioned this stock September 16, 2008 @ $9.65. September 23 it had closed @ $11.50, with more room to grow. A current gain of 19.17% It had created a classic series of support levels that will push this gem well above its resistance point. I have a rule that many amateur investors don’t adhere to. That is the rule of 20. I’ll explain into more depth upon the request of our readers. I hope many of you had the opportunity to vest into CLWR. No need to be in dismay, I’ll have many more for our readers. Attached is CLWR chart at the close of 9/23/08.

JSDA $1.87. It looks promising. The last four positive ticks were a good sign. I suggest to WAIT, until confirmed bullish signal. Analysts had recently upgraded to HOLD from sell. Please stand by till next signal.

Are we experiencing a renewed vigor in commodity trading - OIL and GOLD. Investors as usual, as I had predicted on September 16, was beginning to make a renewed run up. Is this sustainable? I suggest not so. You’ll see the next week or so, investors will play tug of war in the Commodity arena. Yesterday showed a scary sign of the biggest run up, ever, in OIL - $25.00 increase. This extreme volatility is based on, as an inflationary hedge against the dollar’s slide (yesterday marked the largest intraday slide against the Euro) and the reckless proposed spending by the Fed, Treasury, and the Senate. Until the Senate approves the cost measure of American taxpayers’ money, not until then will OIL continue to march downwards to realistic levels of the world’s supply and demand of OIL. Basic economics..period. In the interim the Senate will try to convince the public that law makers have taken the proposed risk measures with your tax money. At least they’ll try to convince you they’ll disapprove, but eventually will be forced to take the precautionary measures for the “bailout”.

Financials

What can I say but what a mess we’re in. There are many to blame. It was the American Dream for every homeowner to own a home encouraged by President Clinton’s Policies, later implemented to the extreme extent of Greenspan’s rate policy during Bush’s term, Senate’s lack of regulatory measures, and lack of strict lending guidelines exercised by the banks, and lastly to all first time homebuyers who could not absolutely afford a home. Between last week and this week marked a change in history that will forever change the landscape of the Finance Industry. No longer will America hold the five largest Investment Banks. Over the weekend, the last two Investment Banks (Morgan & Goldman) received Fed approval to change status to Bank Holding Companies. What does this mean to the banks?

•The Fed's approval of the requests would allow the firms long-term access to the Fed's discount window and make it easier for them to gain better access to stable sources of funding. Bank holding companies haven't had the same difficulties securing funds during the recent period of market turmoil that investment banks have.
•Limit commodity trading. Some suspect MS forging the 1st half run up in commodity trading.

I’ve been reading numerous blogs around the nation regarding their opinion of Goldman Sachs and Morgan Stanley. Some believe MS & GS is susceptible to the market jitters and some believe they have a great talent on board, with excellent risk management implemented that they will not feel the pressures. This too is a case of an argument itself. So let’s begin.

Tonight I had read that Warren Buffet, the Oracle of Omaha (a genius I might add) had invested $5 billion dollars into GS and Sumitomo Mitsui Financial Group had invested several hundred billion yen. Is this a sign of investor confidence or is it a secretive sign of capital infusion? Is Paulson’s freeze of all naked short selling in the financial sector an unnoticed sign of sheltering? We know Mr. Paulson has very close ties with GS as the ex. CEO. Is this a concealed sign of conflict of interest? Or, how about Morgan, selling part of their business to Japan’s largest bank for an undisclosed price. Lastly the swift Sunday overnight decision to change status of the Investment firms to Bank Holding companies, another signs of discreet predicament? Do you think this is a future sign they’re in trouble and are they secretly hiding their dilemma. Or do you think management had everything under control and had avoided another catastrophe such as Lehman, AIG, Freddie, Fannie,…etc.. to implement such measures. Provide your take.

Regards,

ACE

WallstreetGrand.com

ACE@wallstreetgrand.com

Did Yesterday’s rally spark a sign of reversal? Ford (F) & Clearwire (CLWR)

noreply@blogger.com (Unknown) — Fri, 19 Sep 2008 13:33:00 +0000

Wow!!!! What a trading week. A drop of 500 pts and then a gain of 400 pts. Talk about volatility. You got to love it. We are experiencing history in the making! Obviously this is not as severe as the 1920’s market crash, but it can be darn close to it with the amount of intraday losses some experienced. I read the other day; a hedge fund lost $5.1 billion in a single day. You imagine seeing your account diminish in that magnitude. Some say, what we are experiencing is much more severe than the Savings and loan crisis in the late 70’s and late 80’s, where interest rates reached high as 18%. Luckily those who locked in with a fixed home mortgage rate won’t feel the pinch as much as the adjustables.

What we’re witnessing ladies and gents is illiquid assets or commonly known as “bad debts” to a company’s balance sheet. You see, back before the real estate boom and loose lending practices, the geniuses on Wall Street and the SEC developed a complicated financial instrument called mortgage-backed securities (MBS) that were bundled into a “SBV” security back vehicle and I’m not talking about a hummer with a machine gun affixed on top. These vehicles contained packaged loans that analysts believe can generate tremendous returns when combining loans that are rated “AAA” and “BBB” with the blessing of bond insurers. The insurers in return believe as long as the real estate did not depreciate, these bonds were guaranteed. Well would you have believed the packaged loans we’re merely made up of terrible loans and “A” paper loans. You see when bond insurers rate the packaged loans; the SBM’s were sold in the market arena with tremendous returns. Investors and banks that had purchased the MBS, foregone scrutinizing the packaged loans and whalla, you have complete utter waste of assets or bad debt worth more than trillions of dollars on your balance sheet. Companies have been writing off the bad debts by billions of dollars a quarter with no end in sight.

Today, the market rallied on simply news by the FED and the Treasury. Henry Paulson announced he is trying to set up a government facility that would help banks and brokers clear bad mortgage-related paper from their books much like the Resolution Trust Corp. did in 1989 to stabilize the financial sector. The news came late in the trading day, but it was enough to send the Dow surging 410 points before the closing bell. The RTC-like facility would buy the very mortgage-backed securities (MBS) that have been at the epicenter of the housing and credit crises that struck in August 2007. This would free financial institutions from the enormous weight that’s been dragging them down, and most likely boost the housing sector because banks would be free to lend money again. This boosted investor morale and the financial sector by a large percent.

Secondly the SEC finally took some steps to bar naked short selling; these moves would lend this market some much-needed stability. When announced, you bet all shorters revested their gains and catapulted the market and financial sector to positive territory.

Did we witness the bottom at 10,500? I noticed as soon as the DOW was off 130 points reaching that magic number, within a half hour and I kid you not, it marched into positive territory. So what’s the bottom line for investors? Today’s rally was founded on a rumor. It’s not dependable, as we’ve-found-a-bottom rally we need. So take the opportunity to sell some of your holdings into this strength. Take some money off the table. That way you have some cash ready when we hit the next decline. And I believe we will have another decline. So be ready for it!

ACE’s Watch List
(F) Ford

This stock was brought to my attention a few weeks ago when friends and family asked me, if they should vest into Ford. I looked at them oddly, but they went on and on as if they were convincing me to believe this is an excellent buy. I responded back, you think Lehman’s was a great by at $12.00 a few weeks ago now worth pennies and no longer trading? I promised them I’ll look into further. My technical analysis consists of a series of variables. As you can see, F had been on a downward momentum since May of 08. In the last week or so, it has been trending upward. Today my friends or Monday we shall witness a pop. This is a perfect example of a triple bottom starting in July, there were three cup and handles formed. We are about to witness an upward momentum if factors are played correctly i.e close above yesterday’s closing price and a decreased leg and body candlestick. Secondly there’s news that Capitol Hill is on the verge of approving $20 -28 billion funding for the automotive industry. Though I’m not a strong advocate on news, but this should drive the stock higher. ACE’s portfolio currently holds this position short term.

(CLWR) Clearwire

ACE currently hold’s CLWR (long term 10+ years)
Clearwire’s ($9.50) graph is displaying a large single cup and handle. Yesterday formed a beautifully positioned support level at $9.00 which may signal a change in trend. 50 day moving average is on the verge of crossing resistance level which signals a bullish trend.

Clearwire, I believe is the future in technology. They have marched to forth front as a potential leader when they established a partnership between Intel, Google, Comcast, Time Warner Cable and Bright House Networks to invest $3.2 Billion in Combined Company, at Target Price of $20.00 per Share.
Formation of New Company Brings Together the Nation's Leaders in Communications, Technology Innovation and Entertainment. New Company to Speed Deployment of First Nationwide Next-Generation Mobile WiMAX Network Transaction Designed to Unlock the Potential of Clearwire's and Sprint's 4G Assets. New Company to be Led by Seasoned Management Team from Clearwire and Sprint's XOHM Business Unit; Board of Directors to Include Leading Wireless and Cable Executives.

Ever wish you can see the future, which products would be very valuable? I believe this is it. WiMAX is tomorrow. They are the first to push a nationwide infrastructure. Just imagine driving across town and surfing the internet while the car drives itself like in movies i.e. Demolition Man or I Robot. On board computer systems would communicate with other vehicles on the road. Can you see this happening in the near future with CLWR spearheading the technology? I do.

Regards,
ACE

PS. Today is going to be a phenomenal day in the market…cash in Wallstreetgrand members. Good luck!!

Financial Industry bailouts

noreply@blogger.com (Unknown) — Wed, 17 Sep 2008 03:33:00 +0000

It's early Wednesday morning. Being restless after a disappointing baseball game, I turn on my computer and TV -the financial news (Bloomberg and CNBC- love the picture and picture feature; my favorite news channels) along with the financial widget on my laptop -headline reads "American International Group will get an $85 billion loan from the federal government in exchange for an 80 percent stake in itself, preventing the world's biggest corporate bankruptcy just days after investment bank Lehman's ." My jaws dropped to the floor. I begin to question "What is the fed doing?" They broke their promise.

I paused and pulled away from my computer, looked out the window, just to make sure the sky is still where it should be because this week has certainly rang a familiar tune. REM “It’s the end of the world as we know it.” I could see it tomorrow - headline’s read “Nightmare on Wallstreet” Just think, it’s only Tuesday. How much worse can it get?

The bailout is obviously great news to the financial industry, but at what cost to the American People? Hmm let’s see, and sharpen our pencils Bear Stearns $30billion, Freddie and Fannie – estimated to be above $200billion over several years if not more, and AIG $85billion. That’s a whopping $315billion that’ll be forked over for the next 8 -12 years by American taxpayers. Whether the next President be a Republican, Democrat, or Independent- I can promise you it’ll come out of our pockets whether we like it or not. It is all owed to the financial policies of Greenspan. Though I admit, and don’t argue he had brought wondrous prosperity to all, for 4 years, but he is at fault. I mean come on, haven’t we learned from Japan’s Bubble in the early 90’s ( http://moneycentral.msn.com/content/P116564.asp ) Boy, they weren’t kidding, history “always” repeats itself. Read the article and note the article was written in 2005. Amazing!! 3 years later and look where we stand. If the Fed only tightened the lending policies and banks didn’t create foolish investment tools this could have at least softened the fall. That’s an entirely different argument itself. I’ll be glad to go on and on with this upheaval, but I prefer not to bore you with useless facts of history. You may comment to this post below.

On the bright side tomorrow will bring us fortune as the financial and oil futures has pointed upward. I suggest tomorrow’s trade in XLF (an ETF - A Fund that seeks to provide investors with a low-cost "passive" approach for investing in a portfolio of equity securities of firms as represented by the Financial Select Sector Index.) I don’t suggest a long-term hold in this ETF until confirmed uptrend. In the interim SKF is a strong buy givin the downtrend of financials.

I also noticed OIL ($55.04) heading upwards for tomorrow. The EIA data are due later on Wednesday. Analysts suggest low US inventories due to recent hurricane damage in the Gulf regions that will contribute intraday highs. Though I would recommend steering away from the energy sectors, especially oil and gas operations. I still believe oil has not bottomed out. Oil has trekked downward since July 7, 2008. Never buy on the downswing, but I do suggest a short position or a put contract. ACE’s Portfolio currently holds interests in @$28.50 DUG ($41.63) (Ultrashort ETF inverse relationship of that of OIL)

ACE’s watch list
F ($5.07)
CLWR ($9.65)

****Equities listed on ACE’s watch list are not deemed current buys until confirmed bullish cross over. Pursue at your own risk. ACE’s listing is only a pre alert. Please stand by for next signal****

ACE

New Feature Added

noreply@blogger.com (Unknown) — Tue, 16 Sep 2008 02:50:00 +0000

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Welcome aboard Introduction

noreply@blogger.com (Unknown) — Fri, 12 Sep 2008 21:10:00 +0000

Wall Street Grand Colleagues and members, I want to thank you all for the warm welcoming that I have received in the course of the last few days. I’m looking forward to share my knowledge and expertise with you all, so we can become superior investors. We've been working diligently to provide you with a user friendly, face to face portal to communicate efficiently with our investors.

We welcome you to ACE’S BLOGSPOT- where you can find Accurate, Consistent, and Equitable information at the palms of your finger tips as never seen before. Please join me and Wall Street Grand as we pursue, together our quest to unrelentless gains. I welcome you all!!!

As you all may have noticed the last year and half, the market has taken us for a roller coaster ride. There were numerous ups and downs with unforeseen slaloms. Many of us had invested in the market in one form or another whether by individual holdings, company 401k’s, or in mutual funds. We’ve all been succumbed to the losses the market and economy has elicited upon our portfolio with negative returns quarter after quarter. Today’s market is a doggy dogs’ world. We must understand today’s market conditions; the 21st century is ever evolving with new market players. We have seen emerging economies such as China and Brazil growing at a rapid pace never seen before while the US economy sputtered. We’re beginning to see US Financial Institutions falter, one relating to the current failures much more catastrophic than the 80’s bank failures, commodity trading similar to equities with astronomical run-ups never seen before, Real Estate experiencing record appreciation and then following with an abrupt fall, and the political world ever so fragile. With all the variables mentioned, in columniation, it has created a market of uncertainty and volatile with short sellers controlling the market. Here at Wall Street Grand we’ll guide you through these market conditions and further elicit the meaning and consequence of each in simplistic meaning.

Ladies and Gents, investors all alike I want to embrace my welcoming to Wall Street Grand and provide you with the power to control your portfolio with positive returns. Please feel free to contact ACE@wallstreetgrand.com or post a comment about the market or equity. I encourage all questions. Joining Wall Street Grand will provide us with common grounds and share our future endeavors to everlasting PROFITS. Let’s begin this journey together with Wall Street Grand!!!!

Regards,
ACE

WallStreetGrand's Blog Fnally Here!

noreply@blogger.com (Unknown) — Thu, 04 Sep 2008 16:48:00 +0000

Dear Wall Street Grand Club Member and Investor,

WallStreetGrand.com is excited to inform all members that it has now added a live blog for all club members!

Our top analyst "ACE" will be posting in this blog in the very near future. We look forward to Ace bringing all of his winners to our club. Ace is one of the most followed stock pickers and gurus of our time and we are extremely happy to have him part of our team.

Ace's picks are 100% UNBIASED and are strictly based on his analysis (technical and fundamental).

Ace is here to help all investors and if you have any questions or would like Ace t give you his opinion on one of your stocks feel free to contact him at Ace@WallstreetGrand.com or at 1888-9-Club Grand (1888-925-8247).

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Sincerely,

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Wall Street Grand

P.S. We look forward to hearing from you! Make sure to send a message to Ace, he wants to get to know each and every one of you!

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