Monday, December 8, 2008

hollatchu!

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.

4 comments:

Air said...

just remember that solar is still kind of a bubble waiting to burst...

Alfred said...

Haha. Unless you believe in Miracles. Do you believe Brian? Do you?!

Anonymous said...

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?

Air said...

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.