01/09/2013: GARY ON NATIONALLY SYNDICATED INVESTORS EDGE RADIO BROADCAST
https://archives.warpradio.com/btr/InvestorsEdge/010818.mp3
JUST LETTING YOU KNOW
I’ve got a few things to say that I don’t think I’ve ever said on my show:
What I have to do tonight is something I never do. I am scanning stocks that trade between 50,000 shares/day and 250,000 shares/day.
I never scan that low because there’s no liquidity. And if you’re sizeable, you can’t buy shares. For me, I can’t buy shares that trade that amount for my business. I can do it for myself.
Why am I going to scan this tonight? It’s simple. There’s a bunch of 50k to 100k share stocks that are breaking out of bases. So I’m going to do that tonight. And you may want to do it also.
And basically the thought process behind it is that I want to see what’s going on.
I don’t know what it means, but that’s what going on.
There’s a darn good amount of these. For example, Heathcare Services Group (HCSG) provides housekeeping, laundry, maintenance, and dietary services to long-term care facilities. Its average daily volume is around 220,000. Today, it breaks out on 3x average volume. Typically, I’m not even looking at these things. But it was pointed out to me. There’s been a few and every time someone points out something to me, they’re all trading very light volume.
Now the good news on the market continues. We gapped up and the market’s done nothing. After that gap up, the major averages came off the lows, have done thing.
The Foreign markets, since that gap, have actually pulled back. But, more names are starting to outperform the market as a whole.
And that’s our good news. There were some chinks in the armor today, but very few chinks…and ones that I don’t think will affect the market either.
Apple
Apple (AAPL) – just and amazing continuous story – was down another 8 today, as it continues to lose pretty much all of its relative strength. Just keep mind that earnings come out in a couple weeks. I’m a big believer in the Big Money crowd catching on to something.
This is first time in years that Apple’s had a big correction in a market that’s going up. I posed a question to you guys, will Apple get to the point where they can’t do another iPhone…it doesn’t have in it to make it sell like crazy. My answer is that I don’t know yet.
But this is going to be an interesting earnings report.
I got a sarcastic email from a friend of mine today saying, “Yeah, it’ll probably gap up a hundred.” Who knows? I don’t know. We can only deal with the evidence at hand as of today. And the market “no likey” the Apple right now.
How Low is the Entertainment Business Going to Go?
It seems to me that these people running the networks…a lot of it cable channels…are becoming more and more ill and it scares me.
There’s a network I’ve never heard of called the Oxygen Network. They’re doing a show called, “All My Babies Mamas” and it follows a rapper that has 11 children with 10 women. And these people are going to be paid to do a reality show. I don’t need to get into what I think of these people and how insane it is to do what they’re doing. But now they’re glorifying a man that has 11 children with 10 different women.
You know, I am very close with the Boys and Girls Club of Central Florida. And basically, these are children that have one parent, sometimes no parents. Sometimes foster kids. But mostly it’s the broken home. And you get into all the specifics. The reason why so many kids end up so wayward, is just because of things like “11 children with 10 different women.”
No family structure.
But hear you have this Oxygen Network that not only is going to glorify this, but pay these people to be on the show.
And I’m just trying to figure out something.
How low is the entertainment business going to go?
And I want to know who would advertise on this show. And I gotta tell you, I’m not a prude. But I have met all these kids that were born into a situation less than stellar. And the job of the Boys and Girls Clubs is so important.
They make these kids feel important and part of a family because they are not part of a family. And if somebody doesn’t grab’em and hold’em and teach them and make the feel important, they end up on the street, with the wrong people. With crime. And then it turns in to more crime.
It starts in the household. And I’m not sitting here blasting single moms. I know a lot single moms that do a great job with their kids. I know some single fathers that do a great job with their kids.
I have a problem with the entertainment industry glorifying one man having 11 kids with 10 different women. These kids start off with less of a chance.
I am sending a letter to the Oxygen Network. They’re defending themselves…”Oh, they’re one unique family and they have complicated intertwined lives.”
Unique?
Unique is the word?
I have a better word, not to be said on radio or my website.
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Gary Kaltbaum owns Kaltbaum Capital Management, LLC (“KCM”), an investment adviser registered with the U.S. Securities and Exchange Commission. The opinions expressed herein are those of Mr. Kaltbaum and may not reflect those of KCM. The information offered in this publication is general information that does not take into account the individual circumstances, financial situation or individual needs of an investor. The information herein has been obtained from sources believed to be reliable, but we cannot assure its accuracy or completeness. Neither the information nor any opinion expressed constitutes a solicitation for the purchase or sale of any security. Any reference to past performance is not to be implied or construed as a guarantee of future results.