I want to try scouring the web and posting interesting trading ideas from other bloggers whom I respect and consider knowledgeable on the web. Here is my first attempt.
TickerSense lets us know which US stocks have had the biggest moves since September 29. If the market is set to correct, as many are expecting, some of these big movers may give back their losses.
Tom Lydon is bearish on the fundamentals of Hollywood.
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Originally Posted by Tom Lydon
In 1931, Hollywood distributed 622 films; in 2007, it was 672. Last year’s box office gross was a record $9.6 billion - adjusted for inflation, it’s $100 million less than 1931’s total gross. And even more telling is that the average ticket price then would cost $3.06 today. Hollywood also faces a number of issues that didn’t exist back then, including cable television, Netflix and the internet.
While a number of theater owners are saying that business is brisk, recession or not, one wonders why concession prices are skyrocketing and the pre-movie ads seem to run longer than the movies themselves. Hollywood also faces a strike by the Screen Actor’s Guild (SAG) that could wind up costing $500,000 per day.
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TraderJamie says it's getting close to being
time to be a gold bull again.
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Originally Posted by TraderJamie
The USD is likely to retrace back to its trend line soon (83-85 resistance). That will an opportunity for long gold.
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I'm seeing the Dollar Index at 81.60 at the moment.
Tim Knight is expecting a big rally in the US stock market today.
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Originally Posted by Tim Knight
The S&P has been up nearly 60 points at times during the night. I am delighted! I'm looking forward to a terrific opening.
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Trading Ideas for October 13, 2008
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