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Monday, November 10, 2003
Good evening friends,
A rough ride in the markets today as the NASDAQ fell right through the 9 DMA and now sits near the 18 DMA. I knew we would get a sell off today but I thought it would bounce off the 9 DMA and head back up. That didn't happen and with tomorrows light day of trading because of the holiday, any rally will be suspect. I believe we are in a holding pattern for tomorrow.
Wednesday should be a key directional day and should come with some volume and conviction whichever way we go. Our Bulletin stocks didn't fair badly in today's rough seas. Stocks from the Bulletin making new highs were few but we did have some and that is good on an overall bad market day. They were CAU, EPNY, AKAM, EGLS, NOOF, EGHT, EGOV, TWAV and WGAT.
I'd like to take a moment and talk about an email from a subscriber who said he has made 150K since becoming a subscriber to our service and wanted to know if he should pay off his house. He owes 145K on it. I asked what his percentage rate was and he said 6%. My answer is “No, do not pay it off” and the reason why is as follows: I am an advocate of staying out of debt and I believe everyone should work to payoff all debt, especially credit cards. But in this case, I say don't pay it off because I know he can put that cash to work and make more then 6% on his money in this bull market. If he had a 10 or 12% loan, it would be a different story but now that everyone has refinanced there loans down to 5 and 6%, it makes sense to keep the tax break on the mortgage interest and use the money to build more of a fortune. I am not financial advisor so don't take this as professional advice. Only you know what is best for your individual situation all I can do is to offer my opinion on what I would do with the gains. It's best to just reinvest the profits and compound your gains.
Someone posted a while back on the board (forgive me if I don't remember who) but it was a very interesting chart on what compounded gains could add up to at the pace we are going. Mike just updated the trade record on the website yesterday, and today it's already much higher than the website says we've made. With today's closed trades (WGAT 100% on 1/3 position and 45% on our remaining position in EAG) the trade record is up 143% in less then 6 months. The 19th of this month is our 6-month anniversary of the service and I want us to be up 150% by then. We would then be on pace to make our 300% annual goal. For the person debating on paying off the mortgage, I say, you won't find cheaper money to play with then borrowing at 6% and putting it to work at TWPD. You will be very happy with your results in a year and will be able to upgrade your home, pay cash for it and still have enough to keep on trading.
I received another email asking me about the RFID stocks and what I thought of them. Ladies and Gentleman, this industry is going to be big - very big - , but a lot of the stocks have already advanced in anticipation. For long-term investments these stocks will be great IMO, but for traders, they have moved up on us already. However one was mentioned on the board today and I have been tracking it because it has not advanced like the others. I have it for you tonight on the Bulletin. It had massive volume today and closed near the high but has not really broken out yet. I think the breakout comes tomorrow. The stock is ADSX and it's your poker money in the RFID sector. They will not make it unless they get new financing. It is very risky but I think it can move for us and then we bail. I won't be trading tomorrow so you'll have to get this one on your own.
Remember that I will not be available for trading tomorrow due to some activities I want to attend for Veterans' Day. Please take a moment out of your day tomorrow to remember those who have gave their lives for the freedom we enjoy every day. God bless our troops and their wonderful families. Have a great night; I'll see you Tuesday evening.
Flash back Aug 25th Bulletin
Open Trade EGHT .93 8/24/03 Comments = Wants to form a triangle and then to the moon
Earnings Calendar.
http://biz.yahoo.com/research/earncal/20031023.htm...
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