-- Posted Thursday, 20 April 2006 | Digg This Article
| Source: GoldSeek.com
Rick’s Picks
Thursday, April 20, 2006
For investors who’d rather be smart than lucky
Don’t be fooled by the lack of follow-through yesterday, since it is exactly the kind of dullness we should expect from a stock market grown increasingly adroit over the last few years at goosing shorts. Realize that Tuesday’s 192-point rally was not the kind of event that happens in a vacuum. Rather, it was a powerful impulse leg that practically guarantees a second surge once the miserably stupid excesses of the first have been corrected.
Granted, we might have looked for more of a second-day rally than yesterday’s soporific 10-pointer in the Dow. But anything more than that probably would have doomed a promising short-squeeze to a quick and unmemorable end. However, with new all-time highs just around the corner, we should be betting that their very allure will prove ruinous to the greatest possible number of investors.
So take heart, those of you who were worried that the most pernicious bear rally in 75 years would simply peter out: Records will soon be broken – and won’t that be something for permabears to sing about? Here’s your anthem, guys:
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Q&A Cornucopia
We fielded queries in real time from a dozen subscribers during yesterday’s regular Q&A session. Check out the Inside Pages for timely analysis of: May Unleaded Gas (“no top in sight”), Tanzanian Royalty Exploration (“one for my kids’ college fund”), Newmont Mining, Fannie Mae, Chesapeake Energy, United Health Group, Aurizon Mines, Mini-Euro, DROOY, and Cephalon Inc.
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Information and commentary contained herein comes from sources believed to be reliable, but this cannot be guaranteed. Past performance should not be construed as an indicator of future results, so let the buyer beware. Rick's Picks does not provide investment advice to individuals, nor act as an investment advisor, nor individually advocate the purchase or sale of any security or investment. From time to time, its editor may hold positions in issues referred to in this service, and he may alter or augment them at any time. Investments recommended herein should be made only after consulting with your investment advisor, and only after reviewing the prospectus or financial statements of the company. Rick's Picks reserves the right to use e-mail endorsements and/or profit claims from its subscribers for marketing purposes. All names will be kept anonymous and only subscribers’ initials will be used unless express written permission has been granted to the contrary. All Contents © 2006, Rick Ackerman. All Rights Reserved. www.rickackerman.com
-- Posted Thursday, 20 April 2006 | Digg This Article | Source: GoldSeek.com
