{"id":11460,"date":"2012-02-01T09:07:38","date_gmt":"2012-02-01T14:07:38","guid":{"rendered":"http:\/\/www.technologyinvestor.com\/?p=11460"},"modified":"2012-02-01T09:15:34","modified_gmt":"2012-02-01T14:15:34","slug":"falling-knives-are-not-for-catching","status":"publish","type":"post","link":"https:\/\/www.technologyinvestor.com\/?p=11460","title":{"rendered":"Falling knives are not for catching"},"content":{"rendered":"

Reading charts is like reading tea leaves. Cramer says the 200 S&P moving average has moved over the 50 day moving average. That’s good.<\/p>\n

A friend sends me:<\/p>\n

On average, February is the second worst performing month of the year, posting an average return of -0.24% since 1928. February performance has been negative 49% of the time, the second most of any month.<\/p>\n

He sends me these charts:<\/p>\n

\"\"<\/a><\/p>\n

To my brain things look pretty upbeat — at least today.<\/p>\n

I get pitches. This was my favorite recent one.<\/strong><\/span> It came from OptionsZone, whoever they are.<\/p>\n

\"\"<\/a><\/p>\n

Wonderful what you can do with charts.<\/p>\n

But, first, check what’s happened to natural gas in the last year. There has been a huge boom in production and a not-so-fast pickup in demand. Hence the price has fallen and fallen and fallen.<\/p>\n

\"\"<\/a><\/p>\n

And this picture snapped this morning from CNBC:<\/p>\n

\"\"<\/a><\/p>\n

The moral of these charts? Don’t try to catch falling knives.<\/p>\n

Ditto for my second unfavorite trade of the year — a bet that interest rates are about to rise:<\/p>\n

\"\"<\/a><\/p>\n

Scalability. That’s a key.<\/strong><\/span> You want your chosen company to be able to grow and grow and grow.<\/p>\n

A prime example. Amazon was in books. Now it’s the Walmart of the Internet. Whatever I seek, Amazon seems to always have it cheaper. Remarkable. I hope it falls big. I may pick up a little.<\/p>\n

Every web site has disocunts — if you have a promotion coupon.<\/strong><\/span> If you don’t, call them on the phone and ask for one.<\/p>\n

It’s truly amazing how much money you can save by simply asking.<\/p>\n

This is getting sicker and sicker.<\/strong><\/span> Remember the Costa Concordia?<\/p>\n

\"\"<\/a><\/p>\n

Now for your quiz and some favorite, tasteless one-liners.<\/p>\n

+ How do they serve alcoholic drinks on Italian cruise ships? – On the rocks<\/p>\n

+ What vegetables do you get with dinner on Italian cruise ships? – Leeks<\/p>\n

+ What’s the fastest way to get off an Italian cruise ship? – Follow the captain<\/p>\n

+ When the captain of the ill fated Costa Concordia was asked if he knew where he was going he replied “off course.”<\/p>\n

+ So the captain of the Costa Concordia will soon be in the dock. That’s more than can be said for his ship.<\/p>\n

+ The captain says he is not guilty of manslaughter. He has witnesses to prove he was nowhere near the passengers who died.<\/p>\n

+ The Costa Concordia is probably the most expensive thing to go down in Italy since Berlusconi’s last hooker.<\/p>\n

+ What’s the difference between the Italian economy and the stricken cruise liner Costa Concordia? Nothing – The bottom dropped out of both.<\/p>\n

\"\"<\/a>
\n<\/strong><\/div>\n

Harry Newton who wonders why rotator cuff is still hurting…<\/p>\n","protected":false},"excerpt":{"rendered":"

Reading charts is like reading tea leaves. Cramer says the 200 S&P moving average has moved over the 50 day moving average. That’s good. A friend sends me: On average, February is the second worst performing month of the year, posting an average return of -0.24% since 1928. February performance has been negative 49% of […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-11460","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/posts\/11460","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11460"}],"version-history":[{"count":0,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/posts\/11460\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11460"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11460"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11460"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}