Carl Christie has traded equities for close to half a century. Thirty-seven of those years were spent on the Toronto Stock Exchange trading floor as a market maker and professional trader. As the Chairman of the Professional Traders Association from it’s inception in 1987 until the TSX trading floor closure in 1997, he represented the trading floor by sitting on numerous TSX standing committees and trading rules committees. Since 1997 Mr. Christie has consulted with publicly traded companies in both an Investor Relations capacity and as a stock trading analyst.
ONE YEAR LATER: March 9, 2009 – March 9, 2010
Today we celebrate the first birthday of the current bull market, the one born a day after stocks hit rock bottom on March 6, 2009, ending the second worst stock market meltdown in history. It has been quite a year since the S&P 500 hit the staggering low of 666.79, so Happy Anniversary!
I had to [...]
Long-Term Investor Tips:
While my career has been in very short term trading, I have on occasion held positions for extended periods and offer these suggestions.
Sell the losers and ride the winners! Far too often investors take profits by selling their appreciated investments, but then hold onto stocks that are trading lower. [...]
BROADWIND ENERGY Inc – Trading Update
Last month in my update on Broadwind Energy I had suggested that the stock was oversold and also that it would hold in the $5.00 to $5.20 area. As you can see by the chart the stock continued to sell lower and twice traded in the low $4.80 area. However, beginning last Wednesday and through [...]
Information Overload:
I must admit that in past articles I have recommended that traders/investors conduct their own research and combine that with technical analysis, market conditions and sector trends. However, belief that more information is better can lead to information overload.
From the talking heads on CNBC to the news [...]
SMALL CAP STRENGTH
In yesterday’s Weekly report “That Was The Week That Was”, I stated:
“it is also worth considering that there are periods when the market’s momentum can cause a “shorts” stampede. This can be huge for the bulls, as a combination of short covering and investors returning from the sidelines can provide a powerful combination in keeping [...]
TWTWTW: That Was the Week That Was: March 1-5
Last Monday, March 1, the DJIA broke through the 10,400 mark for only the second time since Jan. 20. On Friday, the Dow shot up right from the opening bell, broke through the 10,500 level early in the session, remained steady through mid-day, and then made another strong upward run in the [...]
This Week’s ECONOMIC CALENDAR: March 8
Monday
* There are no economic reports scheduled for release today.
* Yingli Green Energy Holding Co. Ltd. (YGE),
* Force Protection Inc. (FRPT),
* H&R Block Inc. (HRB)
* TiVo Inc. (TIVO) will submit earnings reports.
Tuesday
* The earnings calendar again has no reports today.
* Dick’s Sporting Goods Inc. (DKS),
* Kroger Co. (KR),
* Collective Brands Inc. (PSS),
* [...]
