Saturday, March 31, 2012
Friday, March 30, 2012
Thursday, March 29, 2012
The Sand Flea may resemble a remote-controlled toy car but it is the latest reconnaissance tool being developed for the US military by an engineering company Boston Dynamics.
Weighing five kilograms, it moves on four wheels like a regular robot, but when faced with a vertical obstacle can be propelled up to 30 feet in the air.
An onboard stabilisation system keeps the robot orientated during flight to help control landings and to improve the view from the onboard video uplink.
The development of the robot is being funded by the US Army's Rapid Equipping Force, an organisation that provides the Army with specialised equipment quickly in order to help it win wars.
Wednesday, March 28, 2012
Tuesday, March 27, 2012
[I thank trader Mr. BachNut for alerting me to the contents of this post.]
The 1965 book, The Stock Market Secrets of Jesse Livermore, by C.M. Flumiani, provided a graphic picture of a classic speculative blow-off top.
Compare the components of Livermore’s blue print to the current chart of Apple. Talk about Cinderalla’s Slipper!
I am not predicting a top in Apple. Traders who have bought every break and held on have made a fortune. I cannot make the same claim on Apple. Many investors are committed to Apple for life. You may be right. Who am I to tell you that you are wrong? I’ve missed the last $200 advance. Yet, Livermore would be alert for the numbers 11 & 12 price moves for a sign that Apple could be shorted. Numbers 11 and 12 (with volume confirmation) may never come. But if they do, be forewarned.
Monday, March 26, 2012
Sunday, March 25, 2012
Trying to analyze the market sans-Apple is a growing sport, given the outsize role the company has in every category in which it resides.
Here's a fun chart from BarCap, looking at the trajectory of tech sector earnings over the last year with and without Apple.
As you can see, tech sector earnings sans-Apple have actually been in decline since Spring 2011.
Of course, you can never perfectly remove Apple, since Apple helps take earnings away from other companies, so presumably a fair number of their competitors would be more profitable if Apple ceased to exist.
Read more: http://www.businessinsider.com/chart-what-tech-sector-earnings-would-look-like-without-apple-2012-3#ixzz1q832YTGk
Saturday, March 24, 2012
Friday, March 23, 2012
Thursday, March 22, 2012
We are continuing to witness strong upward moves across the board in our natural resource selections vindicating our consistent and resolute stance to keep an eagle’s eye on staying the course.
It is increasingly possible that we may have seen the bottom in our chosen sectors and our mantra should be reflected commensurate with a powerful, unexpected upward rally which is the mirror image of the recent downswing. This may be a characteristic “V-Shaped Reversal” which technically is the hardest to forecast but among the most profitable and powerful of all chart patterns. We are encouraged by this upmove, but we must remember there will be volatility and profit taking as resistance levels have to be regained.
Wednesday, March 21, 2012
Tuesday, March 20, 2012
Monday, March 19, 2012
This is just the beginning in rates going up and bonds going down!
Today Apple announced both a dividend and a share re-purchase plan which, when combined, will consume 45% of Apple’s current US cash reserves.
The dividend will be $2.65/share/quarter and the buyback will cost $10 billion over three years. The dividend will therefore cost about $2.5 billion per quarter (starting next quarter) and the re-purchase will cost about $833 million per quarter (starting next fiscal year).
However, note that Apple’s cash has been growing far more quickly. It increased by $16 billion last quarter or $37 billion over the last year. This rate of increase is itself increasing.
To illustrate, I prepared the following chart. It shows historic net income, change in cash and a forecast of the costs of the new uses of cash and future net income (based on my estimates).