Sean Hannon CFA, CFP who is the founder of EPIC Advisors, LLC and also a weekly contributor for StockTradingToGo has released his latest edition of EPIC Insights Weekly. Setup as a weekly newsletter on Sundays it is currently free and exclusively available for download here on the site.
Dry bulk shipper Dryships (DRYS) ran up over 1200% from the middle of 2007 to 2008 peaking at $131.48 on 10/29/08. The stock has since fallen 96% and returned to single digit levels. By applying simple technical analysis the stock offers a wealth of knowledge valuable for investing in the future.
Happy Thanksgiving to all. Enjoy the family, friends, and relaxation away from this crazy market.
For everyone’s amusement here are 33 fun facts about turkeys that most people probably do not know:
In today’s link fest we have everything from the Feds new $800 Billion plan to more records from the S&P 500 and the housing market, video clips, disturbing charts, and even connecting the financial crisis to a secret meeting that took place in 1910.
After injecting $25 Billion into Citigroup (C) recently the US government has announced they will invest another $20 billion into the struggling bank and guarantee $306 billion in toxic assets. The pressure for saving Citigroup came on hard last week after the stock closed under $4 a share which was a 16-year low.
Sean Hannon CFA, CFP who is the founder of EPIC Advisors, LLC and also a weekly contributor for StockTradingToGo has released his third edition of EPIC Insights Weekly. Setup as a weekly newsletter on Sundays it is currently free and exclusively available for download here on the site.
Investors have been caught blinded by the market this week after seeing critical support levels all but crumble beneath the markets own weight. The last two days of consecutive distribution have resulted in over 10% market wide losses and a two day record loss for the S&P 500.
Last week we posted that Google was set for a fall under $300 a share and put a target price of $275 using simple technical analysis. In Live trading Google is sitting at $269, yielding a 17% profit in less than two weeks.