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Insights from top stock market bloggers around the Web

This is the market view from five prominent stock market bloggers. I asked them each one simple question: Where do you think the market is headed, and why? Here are their responses (listed in alphabetical order):

James Altucher – TheStreet.com

Altucher is a financial journalist for the Financial Times, daily contributor to TheStreet.com (NASDAQ: TSCM), and founder of Stockpickr. His articles cover every angle of the market; he also stars in feature videos with other financial luminaries. He is the author of Trade like a Hedge Fund, Trade Like Warren Buffett, SuperCa$h, andThe Forever Portfolio.

"The market sold off too much. S&P 700 was anticipating the apocalypse, which is not happening. With $15 trillion in stimulus worldwide happening over the next one to four years there is only one hedge for inflation: owning a broad spectrum of stocks. Buy internets, nuclear energy (Altucher mentions Shaw Group (NYSE: SGR), Cameco Corp (NYSE: CCJ) and USEC Inc (NYSE: USU) in THIS video segment), gold producers, and healthcare stocks."

Continue reading Insights from top stock market bloggers around the Web

BloggingStocks named finalist for best business blog on its third birthday


I'm happy to announce that yesterday, BloggingStocks was named a finalist for Editor & Publisher and MediaWeek's "EPpy" awards. We're up for "Best Business Blog" and competing with BusinessWeek and USA Today for the grand prize.

Six sites from AOL's MediaGlow division made the list -- the most of any media company. Joining us as finalists in their categories are Fanhouse, Engadget.com, Popeater.com, Urlesque.com and Moviefone.com.

We learned this news almost three years to the day since BloggingStocks launched.

Continue reading BloggingStocks named finalist for best business blog on its third birthday

An interview with a blogger who made $70,000 last month: Me!

A little while back, I sat down and asked a few questions of $30,000/month blogger John Chow in this post and it was a big hit. Few people realize there was so much money to be made from blogging.

A few months later, everything's changed: John Chow isn't reporting his monthly numbers anymore and even if he was, my personal blog, TimothySykes.com, would be blowing him away as just the other day, I detailed in this post how my little blog earned $70,000 in August.

Yes, you read that correctly, I might write for AOL and TradingMarkets.com, but I'm also an internet entrepreneur and judging from my blog's monetary growth -- $15,000 in May, $25,000 in June (both estimated since the figures weren't bragworthy), $45,000 in July (see detailed breakdown here) and of course August's blowout month which is made even more impressive considering I took a trip to Japan for the last 10 days of the month (see itinerary here), I'm succeeding rather nicely.

So, in honor of my religion -- Judaism (at Passover we ask ourselves four questions) -- I asked myself the four questions that matter most about what's worked and what hasn't. Obviously I'm biased, but I'll try to be as brutally honest as possible, as usual.

Q: Timothy, to what do you attribute your blog's astounding ability to make money even as traffic growth has flatlined somewhat?
A: Good question (and I must say you're looking rather handsome as you write this). I'd say No. 1 it's not holding anything back. Brutal honesty. With a lot of joking around/sarcasm. In a word: real.

I have no long one page sales sheets nor overly technical posts. It's all about writing from the heart -- whether some/many take offense or not. Considering I've been a profitable stock trader for the vast majority of my decade-long career, my experience and knowledge is worth something...especially considering that 90% of traders lose money!


Continue reading An interview with a blogger who made $70,000 last month: Me!

Associated Press puts bloggers on notice

keyboardAssociated Press has made it quite clear that the organization intends to put the hammer down on bloggers who quote that news service. As one who routinely quotes and links to Associated Press content, all I can say is, "Yeah, good luck with that."

At first, AP took a hard-line stance, demanding that one particular blog should remove seven pieces of content which featured quotes from AP articles and stating that bloggers across the internet should curtail the use of AP content. However, when faced with a swift backlash from a cross section of well-known and heavily-read bloggers, the news service took a big step back. The New York Times reported that Jim Kennedy, vice president and strategy director of The A.P., stated in an interview that the agency was "heavy-handed" and that A.P. would "rethink its policies toward bloggers."

Continue reading Associated Press puts bloggers on notice

Lunch with Warren Buffett: May I see the value menu please?

WarrenHow much would you bid for a meal with investing legend Warren Buffett, chairman and CEO of Berkshire Hathaway (NYSE: BRK.A)? For the sixth time, you can again bid on the grand privilege of lunch with the Oracle of Omaha to benefit the poor and homeless of San Francisco. The Glide Foundation is to be the beneficiary of the auction proceeds. The sale will take place -- where else? -- on eBay.

If I were to bid on this wonderful experience, I think my offer would top out at about $28.50. That's not because I don't think that lunch with Mr. Buffett would be a worthwhile investment of time and money, but because I believe that Warren respects fiscal responsibility.

I think Mr. Buffett would understand that $28.50 is about the most I'd pay for lunch with just about anybody. It's a simple matter of living within your means. Besides, this opportunity isn't about purchasing a photo op with a great man. It's about helping people in dire straights. I believe that's the one reason why Warren Buffett does this, he wants to raise awareness of the plight of the masses and to show them that someone really does care.

A $30,000 per month blogger shares his secrets

Even though I just recently started blogging in October 2007-- after I closed my hedge fund -- I first began to understand that there was some real money to be made when Jeremy Schoemaker of Shoemoney.com posted THIS picture of a check for $132,994.97 from Google Inc. (NASDAQ: GOOG) as his AdSense income in August 2005.

Later that year, John Chow of JohnChow.com also started blogging about ways to make money online and now he, too, regularly earns $30,000 per month from blogging, all broken down and detailed on his site. Since my monthly blog income on my own personal blog is just a few thousand dollars, I decided to ask John Chow for some pearls of wisdom, here's the interview:

1. What have been some of the keys to your success?


I think one of the biggest reasons for my blogging success has been consistency. There has never been a single day that has gone by where I did not have a new blog post for people to read. One of the biggest mistakes a new blogger makes is by being an on again off again blogger. You can't build a blog this way.

Another key is just being myself. I show the good and the bad and let the chips fall where they may. A blog is not CNN or News.com. Your readers are there to read your opinion. You should give it to them instead of just giving the news without an opinion.


Continue reading A $30,000 per month blogger shares his secrets

My online chat with Spitzer's call girl, Ashley Alexandra Dupre (or at least I think it was her)

It was just an average Wednesday night for me-researching potential stock plays, working on some blog posts and catching up on many overdue emails, all to further my goal of becoming Cramer 2.0-when I saw a post on EliteTrader.com that linked to The Smoking Gun exposing Governor Spitzer's call girl "Kristen" as 22-year-old Ashley Alexandra Dupre. Apparently, Kristen was/is her professional name. Always one to jump when opportunity knocks, I raced to dig up everything I could on Ms. Dupre to post on my blog and break some news of my own. What happened next might or might not blow your mind.

Several websites had already linked to her MySpace profile (owned by News Corp. (NYSE: NWS) so I went there and grabbed her photos to add to my story. The other sites had used the photos, too, but the pictures were all tiny and spread out over multiple pages (no doubt to increase their hits and subsequently their Yahoo! (Nasdaq: YHOO) ads, so I saw opportunity in providing them all on one page just as they were. But I didn't stop there.

I also searched other social networks like Facebook and bingo, she had a profile there! That would be "my exclusive." A few more clicks and the post was published. Within minutes, Google (Nasdaq: GOOG) has indexed my article and while I was late to the party, my "Facebook Exclusive" made my story unique and the hits tumbled in. I'm used to 200-ish visitors/hour, but thanks to this one simple post, 1,500 people visited my site within the first 45 minutes. And that's when things got interesting.

Continue reading My online chat with Spitzer's call girl, Ashley Alexandra Dupre (or at least I think it was her)

10 finance blogs for 2008

Over the past few months, I've received a ton of emails asking what my favorite finance blogs are (other than BloggingStocks of course). So here are my top ten favorites:

(in alphabetical order or else I'd be killed by bloggers)
  1. ChrisPerruna.com – the most well organized stock blog around, very useful analysis
  2. Dealbreaker.com – if you want Wall Street gossip, this is where you go
  3. FeedTheBull.com – an up and coming site where bloggers can submit articles and users can vote their favorites
  4. HowardLindzon.com – one of the godfathers of stock blogging, a real pro investor focusing on stocks making new highs
  5. pfblogs.org – a blog comprised of posts from 1,000 different finance bloggers, say good-bye to whatever life you had

Continue reading 10 finance blogs for 2008

Chat about stocks: Welcome to BloggingStocks chat, where the bloggers are

We have always considered BloggingStocks to have an advantage over other financial content in that we are in a unique conversation between us, the writers, and you, the readers. This conversation takes place both on individual posts, where we hold forth and you respond; in posts in which two or more bloggers take on different sides of an issue; or in your tips and questions to us.

But today we bring a whole new level of intimacy and immediacy to that conversation with BloggingStocks chat. Sign in with your AOL or AIM user name (and turn on your webcam, if you have one and want to share your smiling face with us all), and jump in. Did you see some news you think we should be covering? Would you like to know one of our writers' takes on an earnings report, a new product, an analyst's point of view? Do you want to hear our buzz -- what stories about which we're gossiping or looking for coverage from one of our writers? Do you want to know who are the contrarians and who are the fanboys among us?

Come on in, chat us up. We look forward to meeting you. We'll talk to you soon!

September 11, 2001 -- A Remembrance

It seems ages ago and then it seems like yesterday. But it was exactly six years ago and it happened to be a Tuesday as well. I was in London, trying to sleep off a terrible sinus infection that was probably jet-lag and exhaustion induced. It was just after 1pm in London when my hotel phone rang and my life, like millions of others, changed.

My wife was on the phone telling me that my beloved mother was going downhill very quickly and, oh by the way, turn on your TV. I thought what a strange mix of sentences. As I turned on the TV I saw the second plane dive into the World Trade Towers -- I thought I must have a movie channel on. Then, like a bolt of lightning, it hit me that it was MSNBC and this was for real.

The immediate issue in London was a communication crisis. Many transatlantic calls went through the switching platforms at the World Trade Center. I tried my cell phone and hotel phone more than 30 times before I got a connection. I was fortunate to reach my sisters who were tending to my mother. I said good-bye to her, holding back tears.... I remember telling her that heaven needed her now as 3,000 people were arriving unexpectedly. Mom had that special calling in life as she was a hospice nurse. She understood death and the dignity of it.

Continue reading September 11, 2001 -- A Remembrance

My latest investment: Dear Lord, I must be insane!

I just received notice from my Wells Fargo Bank (NYSE: WFC) granting their final approval, and if we can settle a couple remaining estate issues the deal is done. I am about to embark upon one of the greatest challenges of my life to date. My lovely wife and I are going to buy that challenge of a home left behind by my father-in-law. I, the man of a million options, intend to restore that house from the ground up. With the exceptions of the roof, a majority of the exterior wall space, and pretty much the entire foundation, that home needs complete replacement. It's a sturdy little shack, well worn and embraced with a self-made northwoods history. It sits on an acre of land and it has good potential, but boy is it ugly. At least we'll be doing our part to fight the sluggish real estate scene.

We'll be paying about $16,000 for it. That's for the acre of land, about 1,700 square feet of living space (not including attic and basement) and several out buildings which are all in good condition. We're asking the bank for about $60,000 to purchase the home and to return it to clean modern condition. When all the work is done the home should be worth between $70,000 and $80,000. That estimate doesn't include if I add any porches or decks or even expand out a room or two. I figure it will take about three years and about 70 trips to Home Depot (NYSE: HD).

I have the ability, the expertise and the Sears (NASDAQ: SHLD) Craftsman tools to pull off the job, but time will be a major problem. I guess I'll be sleeping five hours a night instead of six. Alas, a cowboy's work is never done. Professionals will be needed to install a new furnace, rough-in the plumbing, upgrade the electrical panel, and drill a new well. Most of the other work will be falling to myself and my dear wife. I hope she knows what she's in for!

Continue reading My latest investment: Dear Lord, I must be insane!

Mea culpa -- I was wrong on this stock

Back on the 16th of February I wrote a positive article on the company Progressive Gaming International Corp. (NASDAQ: PGIC). My BloggingStocks article explained why I liked the stock on my website at $6.65 back in October, and in mid-February it was trading at $9.32. Rather than suggest to readers to sell the shares and capture the 40%+ profit, I suggested they add to their positions as the best lay ahead for the company. I was wrong, plain and simple.

As a stock picker, I do my homework and research as much as humanly possible. I check and double -- even triple -- check sources, analysts and portfolio managers, but sometimes, we (I) just get it wrong. We are still dependent on human beings acting on plans and forecasts and sometimes it just does not work out according to plan. Yesterday PGIC closed at $4.20, down $.73 on huge volume as the company reported that "suspicious trading activity" took place on its stock on March 23rd. Also, the company badly missed its fourth quarter estimates for revenues and earnings and forward estimates were reduced for 2007.

Progressive Gaming has some extremely valuable technology for the gaming and casino industry. Its technology has been placed in several bell-weather casinos both in the United States and internationally. PGIC does have high barriers to entry, but the company has not yet fulfilled its mission of consistency with revenues and earnings. It might do so and some portfolio managers I know are taking a serious look at this company as a turnaround play. The problem is turnarounds take time and patience. The thesis of my February recommendation was based on strong and solidifying fundamentals, with momentum entering 2007. That has not materialized.

Progressive Gaming has a lot of value due to patents granted, serious customer relationships and valuable technology, but the year 2007 looks very difficult and challenging for this company. I think, barring a takeover play, the shares will be quiet money for the year.

Mea culpa, I was wrong and apologize for this suggestion...

Georges Yared is the author "Stop Losing Money Today" and "Baby Boomer Investing." Please visit www.georgesyared.com

Musing on Goodyear ahead of Friday's earnings

If you are anywhere in the Midwest today, you are likely peering out your window at a very ugly scene. Snow on top of freezing rain on top of sleet makes for a treacherous terrain, particularly as the afternoon commute approaches.

Driving in winter weather is probably my worst (rational) fear. Let me take you back to the spring of 1993, when the so-called "Storm of the Century" (seriously, check out the link) tore through the Southeast. I was a college freshman traveling in the back seat of a Ford Fiesta on an eight-hour trip from my school in Charlottesville, Virginia, to my parents' home in Chattanooga, Tennessee. The car I was in spun out on the highway and rolled, several times, off the side of the road. Everyone was okay and good Samaritans quickly rushed to our rescue.

Fast-forward four days, one closed Interstate, the cheapest of hotel rooms (which we were lucky to get) and one harrowing drive for my Dad, and I arrived in Chattanooga. Ever since then, I've felt as though I was living on borrowed time, and I avoid winter weather as much as possible. Good thing I'm able to telecommute.

Today I set out for an appointment 10 minutes away, thinking it might be feasible. With none of my local roads plowed, my journey was very slow going. When the trek seemed pretty perilous, even at 10 miles an hour, I turned around. This move, also, was no easy feat. I'm nestled back home now, several deep sighs later, but I can't feel truly at ease until my husband gets home in a few hours.

This lengthy anecdote is merely the backdrop that got me thinking about tires, and how thankful I was to have some reliable ones on my little Volvo, now a branch of Ford Motor (NYSE:F). Goodyear Tire & Rubber (NYSE:GT), based in good ole Akron, Ohio, is the number-three tire maker in the world, and the only one available on the New York Stock Exchange. The equity's weekly chart is a pleasure to behold; GT has more than doubled in value since late July and is perched in territory not seen since early 2002.

GT is scheduled to report its fourth-quarter earnings on Friday ahead of the open. Analysts are targeting per-share results of 26 cents, according to Zacks, representing an eight-cents-per-share improvement over year-ago results. A pleasant surprise in the earnings confessional could leave GT investors as pleased with their stock holding as they are with their winter-weather-ready wheels.

Beth Gaston Moon is an analyst with Schaeffer's Investment Research. Schaeffer's currently has an open call recommendation on GT in one of its real-time alert services.

Also check out some other earnings reports that we're following, and let us know what you're expecting.

Following Kiplinger's love-stocks: Just how stubborn are you?

I first became interested in the stock markets by reading dog-eared, coffee-stained copies of the Kiplinger News Letter that my dad and step mom would leave on the end tables next to their leather upholstered recliners. I'd prop up my feet, give lap sanctuary to a poodle or two and read about the world according to Kiplinger. Much of what I read I had limited understanding of in regard to the markets and the intricate internal financial clockworks of big businesses. I did, however, and still do, gain a good solid grasp of Kiplinger's projections of overall economic direction and health. I have strong respect for Kiplinger's. I have high regard for the information it provides. Since 1947 Kiplinger's has been providing solid, unbiased financial strategies for families, businesses and individuals.

An excellent column by Jeffrey R. Kosnett, on the Kiplinger website, gives pause for us to think about those particular stocks that people seem to fall in love with and refuse to let go of. The article, Stocks to Love Forever, is not an admonishment of the practice of buying and holding special stocks that are or become dear to our hearts. In fact, Mr. Kosnett makes clear that there are indeed stocks that deserve to be held for a lifetime, or nearly so. The article describes five particular companies whose stock has been worth holding. I'd like to add a few names to that love-stocks portfolio. Remember, for me these names aren't specifically just about making money. This is about companies that, for various reasons, I'd like a piece of. Some of these names may surprise you if you know a bit about my history with them, but let it not be said that I'm narrow-minded or a stick in the mud.

Continue reading Following Kiplinger's love-stocks: Just how stubborn are you?

Best & Worst: Web 2.0: Let's pour some buzzkill on the buzzword

This post is written as part of AOL Money & Finance's Best & Worst of 2006. Cast your vote for the most overused buzzword.

Whenever I read the term "Web 2.0," the hairs on the back of my neck stand at attention. I then grab a handful of antacid tablets to calm my stomach. Sure, I might be exaggerating slightly, but there is no doubt that Web 2.0 is one of the worst bits of jargon ever (to learn how the buzzword was created, click here).

Thanks to acquisitions of companies like YouTube (by Google), Jotspot (by Google) and the rumored Facebook-Yahoo merger talks, the term spread through the media this year like a virus. Check out these searches for Web 2.0 on BusinessWeek, The New York Times, and especially Google. Five thousand people were turned away from the recent Web 2.0 conference -- dubbed a summit this year -- in San Francisco.

The Web 2.0 hoopla may have reached its nadir in August when BusinessWeek published its Valley Boys cover story, which was notable for breathless statements like: "So far, Digg is breaking even on an estimated $3 million annually in revenues. Nonetheless, people in the know say Digg is easily worth $200 million." Everyone seems to agree that Web 2.0 is here to stay.

Continue reading Best & Worst: Web 2.0: Let's pour some buzzkill on the buzzword

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Last updated: November 08, 2009: 05:22 PM

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