RunawayTrader

The day isn’t over yet, but it looks like I might approach my goal of $1,000 a day trading. That’s what I’ve been looking for, but never achieved, these past months. What with the oil crisis, the credit crises, and the woes, this market has been behaving like a flibbertigibbet. Restless. Flighty. You know what [...]

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A dear friend of mine, among the recently departed, used to frequently chide me when a stock he was touting to me paid off in spades. “Did you buy XXX stock like I told you to?” he’d ask. Then he would explain how it rose 20 points or some such astronomical number. Implicit in his [...]

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This is the kind of market that can cause ordinary mortals to lose their financial compass and take on trades that are better left untouched.
Why?
Well for one thing, it’s so spooky out there that it’s terribly difficult to predict which way any given stock is going to move—long- or short range.
Right now, for example, I’m [...]

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After the market closes today, BIDU, the so-called “Chinese Google” will report earnings and it’s anyone’s guess which way the stock will go from there.
It’s a tremendously dicey play—either holding long or short through earnings. It’s just as risky trying the catch the wave after earnings are announced. If history serves me right, the after-hour [...]

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Whiling away the hours aboard a non-stop flight from Dubai to Atlanta can be a challenging task, since you’ve got a bucketload of time to kill. Fiften hours, in fact. And one of the things I pondered as I winged my wayhome was what other sites are vaguely like mine—this unholy combination of travel and [...]

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A few weeks back, I exercised a long-burning desire to own shares of AAPL. I have a deep and abiding appreciation for the talents of Steve Jobs, the guy who not only founded the company, but brought it back from the edge of financial disaster in 1997 when management couldn’t get its act together.
Week after [...]

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Perhaps it was a blessed event that my laptop conked out somewhere between Vienna and Dubai: I was unable to witness the lion’s share of the carnage that occurred in the U.S. stock market.
Since I had no computer of my own, I relied on the sterile business center of the Radisson Dubai Creek hotel for [...]

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I’m thousands of miles away from Wall Street, but the stench of this market is wafting all the way to this corner of the Middle-East. Nothing but dreary news on the homefront has pushed stocks down to frightfully low levels from which, I fear, it will be a long time in recovering.
I’ve been trying to [...]

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When I stepped off my flight in Dubai at midnight, I was instantly aware of why Albert Finney turned down the lead role in the cinema classic,  Lawrence of Arabia. He said the desert heat was just too insufferable for him to commit to making such an epic film.
So, as history would have it, film [...]

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I’ve got my work cut out for me. As you might remember, my Dubai trip will cost a bit more than 3-grand and that means I’ve got to hustle the market if I’m going to return to Minneapolis with more money than I had when I left.
That’s the point of Runaway Trader. Leave town. Have [...]

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