Remember Genius Brands? It was a very hot stock for a while, trading 400 million shares in just a single day in May (which, back when I started trading, was literally the trading the volume of the entire stock market). Suffice it to say, these MoMo stocks are just as pointless as ever.
One by one, they keep sneaking over to the dark side: welcome, Emerging Markets.(more…)
Over the course of this week, there have been two overnight “lunges” to try to firmly vault gold over the $2,000/ounce mark. They’ve been beaten back each time.
It’s irksome indeed that, over the course of the past few months, Amazon has had no issues climbing from the 1000s to the 2000s to the 3000s while gold has struggled to retain every few dollars of gain. I remain confident, however, that these exploratory jabs into the next level are going to stick soon.