Friday, December 29, 2006

Last Trading Day of the Year

With the last day of the year upon us, it will be interesting to see if there is any noticeable window dressing in the market. AAPL is up nicely after filing its 10Q, and I wouldn't mind seeing that as a candidate.

The Nasdaq and NYSE announced they will remained closed on Tuesday, in honor of President Ford's funeral. That will make for a nice four day weekend. Four days, can you believe it?

I would recommend taking some time during the long weekend to review your trades from 2006, make notes on what went wrong and what went write, and come up with some trading resolutions for the New Year.

Overall, the markets put in a solid year, and I think we will see a repeat next year. I take an annual poll of portfolio manager's forecasts each year, and I will post my update to the winner over the weekend.

In other news and notes:
  • Is GMKT being affected by the Internet outage in Asia?
  • Driehaus very bullish on GMCR (BusinessWeek)
  • The Federal Reserve will also close on Tuesday
  • CELG profiled in IBD's New America
  • Lehman raises target on MDT to $65
  • NIHD is the Top Pick for 2007 at Wachovia

long AAPL


At 8:48 AM, Blogger Huen said...

Good point on GMKT! Another idea is, which companies are being hired to repair those undersea cables?


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