5.08.2006

ANOTHER SIX YEAR HIGH

The DJIA is set to close at another six year high this afternoon as it rips higher by 5 points as I type at 3:35 eastern time. Can the CNBC anchors hock us anymore about this nonsense. I am only interested in new all time highs in the NAZ COMP, with its all time high at 5,133 is a mere 2,790 points or 54% higher. How come they never mention that? I guess the NAZ COMP is irrelevant or they don't like telling folks their stocks may be lower than they were when they bought them.

Jimmy, is on STOP TRADING NOW and is offering a few more stocks to buy. He is still trying to get to the 1k mark by July 4th although it will be hard (too much vacation time) as he seems stuck at 763. It is too bad that the site that tracks his picks uses such a dumb method of computing his actual returns. The use of the 4:00 close as the cost basis for stocks he mentions only suits a higher performance return that no one can actually achieve. Even with the gap up, Jimmy still can't beat the IWM, and his 6% return on Action Alerts trails both the SPY and the DIA on a year to date basis. No wonder he has such a loyal following.

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