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All-time Return
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Followers
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Michael Parness hasn't made any stock picks yet.
Discussions
GU - I would not hold it over earnings.
07/22/08
GU - I like this little one, GU, into earnings that come next week. This is the type, like ICO,that often gets a run into earnings. $12.50 looks like key resistence, if it can break there it can see $15. If not, then stopping out and risk is minimal. I would not hold it over earnings, no way, but into them looks pretty good here risk/reward wise. Still staying away from ANYTHING financial....
GS - I think its one of the best shorts out there.
07/22/08
GS - I still say and will continue to say that as much as people love GS, it's vastly overpriced and on the next wave down here SHORTLY it sees below $125 a share. I think its one of the best shorts out there. The bigger they are, the harder they fall. Best of breed falls hardest, but trust me, having lived through several Bear markets, they do all fall. Yes, there are things to buy here, l...
LEH is still trading like it wants to go way back down.
07/22/08
I still say LEH is the next to go UNDER, like BSC. All the talk of LEH going private is rubbish, they are basically worthless with all the bad debt, you don't go private if you aren't worth anything! You go bankrupt or merge with someone who is nice to you, ala CFC. LEH is not a stock you want to own, at least I don't.
Michael "Waxie" Parness
ICO - I like this small cap coal play
07/22/08
ICO - I like this small cap coal play into earnings next week. If the market doesn't get in its way it could see $12.50 or higher before earnings. Like with most small caps, I would not hold it over earnings, just into them. We'll see, but a tight stop gives you a nice risk/reward here on this one.
Michael "Waxie" Parness
GOOG has a one way ticket.
07/22/08
GOOG has a one way ticket to $250 next stop, and then, I believe, $150 as a final destination. Their earnings showed what reality is, the poor economy is infecting every type of business. None are immune. Big tech is going down in a big way. As a trader we play them both ways, up and down, but I have to have a bias and unfortunately that bias was and remains to the downside. This Bear has v...
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More about Michael Parness
Avg exp holding time:
No closed positions
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Age:
40's
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Occupation:
Investing/Trading
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Location:
New York, NY
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Website:
www.trendfund.com/banners/bannerthru.asp?bannerid=9..
About Me:
Single father to two beautiful little girls. Rags to riches life story optioned by Dustin Hoffman. Ho
... more
Single father to two beautiful little girls. Rags to riches life story optioned by Dustin Hoffman. Honored at the UN for charity work with children and mothers. Honored at the Puck Building for charity work with inner city youth. Author of (3) books; Rule the Freakin' Markets, Power Trading/Power Living, and the upcoming Rule Your Freakin' Retirement. Winner of multiple playwrighting awards. Has had over 20 Off and Off-Off productions in New York and Los Angeles. The1st feature film he directed and wrote, Crazy For Love, won (14) awards, including (4) Best Film awards at; Sacremneto International Film Festival, Trenton Film Festival, The Rhode Island International Film Festival and Magnolia Film Festival. The film also won - Best Screenplay at Sacremento IFF, and Best Director at Sacremento IFF. Partner in the film production company Full Glass Films which has produced several features so far. The latest being Gospel Hill staring, Samuel L. Jackson, Julia Stiles, Danny Glover, Angela Bassett and Tyler Kitsch (with a small part for Waxie!). Currently in pre-production on WAXMAN, a romantic comedy about you guessed it - Waxie!
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