Can it happen? IS Brian going to post two days in a row on blogger and not at all on yelp? HAHA, I'll post on yelp later. Now for a recap on today...semi-bust... on my predictions but:
DJIA did hit a high of 9026.41 (touched it) and closed at 8934.81.
NASDAQ hit a high of 1583.81 (touched it) and closed at 1571.74.
S&P500 hit a high of 918.57 (touched it) and closed at 909.7.
WHAT THE MONKEY. I SAVED 2 pictures and was going to show you guys/gal how I came up with predictions. Guess I have to tell you how. You go to finance.yahoo.com And then there's an Asia tab. I like looking at HongKong and the Japanese index. Furthermore there are Futures for each of these 3 indeces up there (right column) at http://www.bloomberg.com/. Futures means, it predicts what is going to happen the next day.
I have saved the pictures if you guys want it. Anyways this link also provided some clues as well:
http://www.bloomberg.com/apps/news?pid=20601087&sid=a89EKb15mzdc&refer=home
Also, there was news that OPEC was going to cut supply and make the price per barrel go up. The cut will happen on the meeting date (dec. 18th) I think. THey think $70 per barrel is reasonable. That would raise it back to around $3 a gallon. So be happy while it's low yeah? And rising oil means rising solar stocks and oil refinery companies.
Solar: SOL, TSL, LDK, CSIQ, CSUN, AKNS, ESLR, STP, SPWRA. STP and SPWRA have been hit hard lately, but investors like those. LDK is strong because they've had cash locked up for the next 2 years. These are all growth stocks keep in mind. A bud of mine played SOL for awhile. I played CSIQ, CSUN, and LDK before. I'm looking to hop back into LDK.
Oil Service Companies: HAL, and SLB. Hal I definitely like...Oil refinery is always a necessity, these stocks have been hit hard recently because of the falling oil price.
Monday, December 8, 2008
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4 comments:
just remember that solar is still kind of a bubble waiting to burst...
Haha. Unless you believe in Miracles. Do you believe Brian? Do you?!
So i'm just wondering, does that mean it wouldn't be such a bad idea to look into some oil companies to invest in? I mean, I'm assuming, and hearing, that oil prices will shoot back up. So wouldn't that be a nice train to jump on?
well, what I meant was there we currently have way too many solar companies out there... surely some will succeed, but most won't.
as for investing in oil companies, it's not necessarily a bad idea. The big companies are well invested in alternative energies, and should have a huge stockpile of cash from the bush admin. However I might think it be best to let them slip first during this gas deflation period.
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