I've had New Oriental & Technology (EDU) on my watchlist for awhile. It's very attractive for a number of fundamental reasons, most notably increasing sales and earnings the last few quarters. They're also sitting on a pile of cash with no debt, which always makes this poor brother drool.
From a brand perspective, New Oriental also is in a great position as the lead provider of private educational services in China. They offer language instruction, preparation courses for standardized tests, private kindergartens, and a number of other services.
I just wanted to point out that the Dow Jones Industrial Average has dipped below 10,000 for the first time since late October 2004. This puts the Dow just over 30% down from its all-time high of just over 14,000 a year ago this week. What's up with October?
I'm a man who can admit when he's wrong. As I posted early this morning, I fully expected today's government bailout to mean some good news for the financial sector, as represented by XLF. Boy, was I naïve.
Had I been on my toes, this poor brother might've caught a cool 3% or so, as the XLF moved above $20. I didn't sell though, as I was expecting – well, hoping for – an even higher move. It never came, though, and after 1:00 when the bailout was passed by Congress, the decline started. Check out this 2-day chart.
Yesterday, a few minutes before closing bell, I bought a small position in XLF, the ETF that follows the financial sector, at $19.69. I had been watching it all day, and being near it's intraday low I figured it was the best time to snag it.
When the market tried to put in a bottom in July, Genoptix (GXDX) wasted no time in breaking out of its nicely-formed cup-with-handle base and tacking on some solid gains. The market has been abysmal since, but GXDX has played nice, pulling back in softer volume to its pivot point around 32.
A few months ago, I was all over Titan Machinery (TITN). I predicted that the stock would make a 20% bounce up to the top of it's trading range over the preceding couple of months, and it did. Then, it went even further, making an all-time high above $34 in June, a week and a half after their last earnings call. I sold half my position at $31.50 during this runup.
Google (GOOG) may be in process of forming a double bottom. It's too early to tell, but not too early to start watching. From what we can see so far, all the indicators are there. Check out the chart below.
The blue horizontal line at the bottom shows the previous bottom in March, approximately 43% below last December's high. Last week's low dipped its toe just below the surface of that line, which is exactly how a double bottom should act.
Approximately 70% of U.S. GDP (Gross Domestic Product) is created for personal consumption. As consumption is such a large component of our economy, it is prudent for us, as investors, to have some tools to monitor consumption--both for insight into the broader market trend and trends in sectors more sensitive to changes in personal consumption, such as retail.
Here is one method of doing just that using the retail sales data series as compiled and published by the U.S. Census Bureau.
A month ago today, I first wrote about Titan Machinery (TITN), suggesting that a likely bounce of the 50-day moving average (DMA) would be good for about a 20% gain in a few weeks. I was wrong – it was good for much more!
Lindsay Corp. (LNN) has been on Poor Brother Tom's watchlist since early April, as it was making a run up from a cup with handle breakout in March. Since then, it's continued it's journey upward to a new high a smidge above $131 – a 61% increase above the pivot price near $81!
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