Trade Secret of Fast Money Traders

This is from a program called Fast Money on CNBC - I find myself agreeing with most of the approaches/rules they lay out. This seems to be a synopsis of what I have read on how to trade, I will be interested to know which one of these rules you agree or disagree with:

Trade Secret of the Fast Money Traders
1) Double tops or Double Bottoms - it is a visual thing; double top or bottom gives you your stop loss level
2) Short interest especially when you are looking at a double bottom
3) Short interest watching for when the news is out and shorts have to cover
4) Follow the momentum, fundamental momentum of the business e.g. specialty retail look at comparable same store sales
5) SPDY - 10,20,50 day moving averages when they cross to the upside, it is a buy signal (all three moving )
6) Chart patterns - head and shoulders (inverted shoulder - stock goes up)- a sign the stock is about to drop
7) Screen for short term trades, understand the criteria for old economy stock or growth stock e.g. Secular trend, SG&A and earnings growth
8) Sector - if a stock is performing intraday of the sector, short sell the worst performer in a good performing sector

The Next Oil Boom...in America?

Article: The Oil Story No One’s Telling
Source: Steve Sjuggerud's Daily Wealth Report
By: Matt Badiali
My Thoughts: When I read this report, I was floored because this discovery could (will) have huge implications for potential investors. Also, what does this mean for oil producing countries like Nigeria? Most importantly, what does it mean for the Middle East where I predict some silly, "emmotional" incident over THERE just might start WW3? Since this blog deals with issues relating to money and investing, I was curious to hear what the other Money Talkers think. However, it would be prudent to investigate this angle a little further.

By the way, take a quick peek at this quote from said report, which should pique your interest:

"Today, this gigantic oil deposit sits idle — untapped — inside more than 16,000 square miles of a special kind of rock under Wyoming, Colorado, and Utah...
When asked about America’s least-publicized oil supply, Utah Senator Orrin Hatch said: “The amounts of oil are staggering. Who would have guessed that in just Colorado and Utah, there is more recoverable oil than in the Middle East?”This past January, the government proceeded with the next step in the process. Three companies were each given 160 acres of the government's oil-rich land.

The company with the cheapest, most environmentally sound drilling method will be granted full access to the government's oil mother lode. Combine all this with stubbornly high oil prices, and a new American oil shale boom may be on..."

Hence the following question needs to be asked: Could this "ginormous" oil find derail Nigeria's booming economy if it becomes fully operational?

Enjoy!

Filed under: Money Talk, UpNaira, Oil, Investing, Business

Creating something better

I don't even know who else is running for Nigerian president.
I know and like one candidate so far: here is the audio and text of an interview with the economist and aspiring president DR. PAT UTOMI, and here is an official campaign site that has more information and accepts donations.