-- Posted Sunday, 7 May 2006 | Digg This Article | Source: GoldSeek.com
Rick’s Picks
Monday May 8, 2006
For investors who’d rather be smart than lucky
Friday is Whoopee Cushion Day, as we all know, so the 139-point rally in the Dow should have surprised no one. Spirited as the buying was, however, it still left room for a little more fun and games next week. Specifically, my minimum objective for the Industrial Average is 11627, exactly 50 points above Friday’s close. That’s not a “hula number,” mind you, just a solid-looking hidden pivot with the potential to end the delusional spree begun by bulls in late 2002.
We’ll of course be looking for a way to get short with little at risk when the DJIA reaches the target. But if Friday’s experience taught us anything, it is that put options are likely to be a tad pricier than we should like when the Dow kisses 11627. We were in fact bidding for some Diamond puts on Friday around mid-day, but even as stocks continued to rise, the put options on this vehicle held stubbornly aloft. It was as though would-be sellers of puts were growing increasingly reluctant to part with them as the broad averages worked their way higher. How can you blame them?
Well, we may just have to pay up a little to get short at the top. Indeed, my very strong feeling is that once the market starts to unravel – and this will almost certainly occur when most of us are sleeping – there won’t be a put offer in sight. So it’s either buy ‘em now, when they are just slightly to somewhat overpriced, or don’t buy ‘em at all.
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Avoid MyInks.Com
Canon, HP, Brother and other printer manufacturers recommend OEM replacement ink cartridges because, they say, third-party products contain inferior ink that will clog the print head. I’ve found this to be true, at least for my Canon, although I was able to revive my printer by repeatedly soaking the print head in denatured alcohol and running it through the deep-clean cycle a zillion times.
Whatever you decide, I would strongly advise you to steer clear of one vendor in particular, MyInks.Com, one of the largest cartridge sellers on the Web. If you order just once from them, you will get on the mailing list of their marketing director, the overbearing, loathsome “Jodie”. Jodie is as aggressive a mailer as I have ever experienced, as tenacious as a leech. Customer service is absolutely unreachable, as is a human being at MyInks’ headquarters in Glendale, CA.
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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 Sunday, 7 May 2006 | Digg This Article | Source: GoldSeek.com