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February 16, 2005
Review for the Day, Wednesday, Feb 16, 2005 17:24:48
You have to admit I had a pretty good day today. Early this morning I waved my wand and said "bonds down" as yields rise on the long-end especially. Ka-ching! The following chart shows why. And didn't I tell you (in Saturday's Week In Review) that long bond yields reversed direction last Thursday?
Then this morning I recommended a switch from SNDK, which I like but is getting pricey, and putting the proceeds into LEXR. Have a look at the chart and note the 7.0 percent move today in LEXR, along with the "0.6 percent move in SNDK. Ka-ching!
The third idea I floated was Inco (TSE and NYSE: N) and it was up 5.9 percent. Ka-ching!
When I built my trading floor in the penthouse of the Toronto Exchange tower, I purchased a big brass bell from a local marine store and told my head trader to ring it loud and clear, whenever he could.
Boy, do I love to hear that cash register, or ringing bells, or whatever noise you can make to tell people the capital markets can be a lot of fun " and not just hard work.
Posted by Posted by Bill Cara on February 16, 2005 05:26:58 PM | Category: Cara Today in the Market