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.
The ‘CORRECTION’ question
February 18, 2010
The stock market last week appeared headed to its first 10% drop since the March, 2009 rally. And now it appears to be going up again. Is this “correction” over? Just 8 trading days ago, on February 5, the Standard & Poor’s 500 index closed 8 1/2% off its Jan. 19 high of [...]
Market Terms 101
For those of you relatively new to trading, some of the terminology may appear archaic. Those less-experienced traders who are trying to break into an already-difficult business are many times even more frustrated by “phraseology” they do not understand and which seems to make no sense at [...]
Warren Buffett discloses a few changes to stock positions
Billionaire Warren Buffett’s company, Berkshire Hathaway has announced a few changes to its stock positions. They reduced their holdings in Proctor & Gamble, ConocoPhillips, Johnson & Johnson and Exxon Mobil during the last three months of 2009.
In documents filed with the Securities and Exchange Commission on Tuesday, Berkshire Hathaway announced these and several other [...]
Beware: Company Filings:
Unfortunately, there are a number of “deceptions” or “tricks” that SOME public companies will resort to, particularly during earnings season. This usually occurs when a company may miss estimates or when they fear their report will disappoint investors. Here are the most common “tricks” that management or IR departments use [...]
TAG OIL Update: February 16, 2010
On February 3, 2010 I wrote:
“As strong as the TAG OIL move has been, I am always looking for such dramatic moves expecting retracement of some of the gains. As a strictly technical opinion I fully expect that tomorrow may see TAG OIL trade higher before retracing this weeks gains and possibly trading down [...]
Economist Says Sell These Stocks:
In 2007, renowned economist Gary Shilling predicted that housing prices would collapse and that stock prices would fall below their 2002 levels. I wish we all had read Shilling’s forecasts before that happened.
While Shilling doesn’t think 2010 will be as catastrophic, he predicts a bad year for investors.
He also [...]
CHARTING BASICS
Stock charts provide a detailed graphical view that enables a chartist to understand the dynamics behind the price action. Whether you trade stocks, options, currencies, or commodities, you need to be using charts to assist in your trading analysis.
Most people however jump into stock chart reading without getting the essential training they need to optimize [...]
