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Welcome to our VirtualeMedia Stocks Commentary
page as a Starting Point Hot Site.
July 2005
More sideways momentum similar to June. Repeated attempts to break through four year highs have failed
thus far. However, shorts seem unable to take down the market even when terrorism looms overseas. Our
news castors' all cry "what about us.." in attempt to generate fear, and in turn RATINGS. No country in world
history has ever been taken down by terrorists, PERIOD.
Once the old highs are broken through, watch the next two or three weeks for a major breakout. Come on
Nasdaq 2400, Baby needs a new pair of shoes!
June 2005
Although mostly a sideways building up of momentum, the market held well throughout the month.
The pressure is building for a breakout. Volume is increasing and the old highs are being tested as
short sellers find a market unwilling to be taken down. Watch for an unexpected summer rally!
May 2005
What a great month for internet stocks. As suspected, the mutual funds had to jump back in
before this quarter ended to buy stocks like eBay (Nasdaq: EBAY), Google (Nasdaq: GOOG),
Yahoo (Nasdaq: YHOO) and even the internet laggard Amazon (Nasdaq: AMZN). The cronies at
most mutual funds may not even use this internet thing, or may consider it a fad. Those who are
younger can tell you different. The net has become a tool like none other. You can research,
communicate, purchase products and services, and even market yourself, the possibilities go on
and on. Learn to buy what YOU understand, not what some employee of a bank or brokerage tells
you 'should' do well. Read Peter Lynch One Up On Wall Street, Jack Bogle books and Peter Drucker's
management series. These books are a good start for any beginner who is interested in stocks
and wall street in general.
Only 78,000 jobs were created last month, the smallest increase in 2 years. The average increase
has been 180,000 jobs per month. Based on surveys and households, sometimes these figures are
simply wrong. Job growth may have been better that reported, after all unemployment was actually
down.
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April 2005
Around April 20, 2005 the market began to show strength as indexes moved up on higher volume.
Fearful comments by stock pundits seen on financial shows seem to indicate that the wall of worry
is finally in place, i.e., a bullish sign.
March 2005
March was filled with concerns about inflation, oil prices and generally negative feelings towards the
near term. Lots of if this and if that. If we complete Iraq's transformation to peace, if housing holds up,
if the fed doesn't go overboard...
Being in this sideways market is frustrating at times, but this is typical of markets after such a heady
run as the 90's (or 20's). Also, larger institutions with massive holdings (1,000,000,000+ shares) will now
have a tough time unloading shares without moving the markets as a result of new brokerage regulations.
Expect more volatility in a less liquid market. Expanding stops is necessary to avoid surprises due to
wider swings in daily trading.
February 2005
The markets held strong for the month of February. Retail sales were up last month versus the same
month in 2004. Same store sales were up almost 5% beating the less than 4% estimates. More than 80%
of retailers BEAT the estimates. J.C. Penney stands out as the ex-dog of the retailers and Pier One has
become the new dog of the retail rat race.
After many investors cashed in on the first profit in years during January, February showed new signs
of strength. After all, it's earnings that drive the markets most of the time. The Nasdaq remained below
its' December 2004 highs, but the S&P500 and the Dow Jones Industrials have Marched ahead to highs
not seen in three years. Wait a minute, isn't this a re-run? Yes, it is true. We have been in this trading
range for the last six years if you were counting. With oil approaching $60 and interest rates only going
in the upward direction, at least in the near future, will earnings exceed the bare minimum needed to
surpass these rather large barriers? Only time will tell. Tune in next month for 'As the Market Churns'
when Aunt Martha gets out of prison and Uncle Bernie goes in!
January, 2005
This month Krispy Kreme (Nasdaq: KKD) was Kremed. Now trading around $6, KKD has been sliding for weeks
on the news of a sec probe and what appears to be poor management. I love Krispy Kreme donuts and have
had a KKD in my home town as long as I can remember. How a company with such a great product can get
into trouble only reminds us that no matter what you are selling, poor management can still screw it up.
A lesser known, Winn Dixie (NYSE : WIN) stores, has slide to less than $2 even under the new guidance
of the one and only Peter Lynch.
Hewlett Packards' (Nasdaq: HPQ) CEO was Cartleyed out the door and the stock rose about 5% on
the news. Apple announced a 2:1 stock split and this is the 3rd in their 25 year history.
Given all the scary stuff like insane leaders with nuclear bombs, misplaced donuts and yet another failed
merger, the turnaround this Friday was a pleasant surprise. Even if the report of North Korea changing
governments was incorrect.
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