MaoXian.com -- Archive > August 16, 2004

KMRT set up nicely this morning for us Dummies. Unusually active and volatile, broad tone is positive, nice low-risk spot to get in... the most skittish among us are already at breakeven in case it goes whoopsie.

KMRT, 15-min. Chart

Posted at 16:28, GMT

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The coil scanner picked up IACI. Keep your eye on it.

IACI, 30-min. Chart

Posted at 12:36, GMT

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Online Trading Fell Last Month, by Gaston Ceron (WSJ subscribers-only) ... Updated and free version here.

"In July, Schwab opened 36,500 new accounts, while Ameritrade opened 23,000 accounts and purchased another 1,000 from another firm."

Posted at 12:35, GMT

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Ameritrade Reports Monthly Metrics

The Charles Schwab Corporation Reports Monthly Activity Highlights

Posted at 12:34, GMT

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IPO: Archipelago stock up after price cut

"Archipelago Holdings LLC, owner of the first electronic U.S. stock trading network open to the public, raised $126.5 million Thursday in an initial public offering ... Archipelago trades on the Pacific Exchange under the ticker symbol AX."

Archipelago completes IPO after price cut, by David Roeder.

"Accounting for roughly 14 percent of all U.S. stock trading, Archipelago becomes the second Chicago exchange to finish an IPO. The first was the Chicago Mercantile Exchange, which went public in December 2002 and has seen its stock gain nearly fourfold since then ... Archipelago was founded in 1996 by trader Gerald Putnam and computer expert Stuart Townsend. Putnam is the company's chief executive, and both men are expected to own about 2.6 percent of the company after the IPO."

Posted at 12:33, GMT

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Q&A; with Craig Newmark of Craigslist following eBay's taking a 25% stake in the business.

"The parties declined to disclose the name of the shareholder, or the amount that eBay paid to become one of the largest - if not the single largest - shareholder of craigslist. The price, thought by some analysts to be in the low tens of millions, would be pocket change for a huge company like eBay, which generated $773 million in revenue in the second quarter of this year." [Emphasis mine]

Posted at 12:32, GMT

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I've put the Vanguard Total Stock Market Index fund in the bottom panel of the Sentiment charts because that's the fund that I actually use when I think it's an opportune time to put some cash to work.

Vanguard Total Stock Market Index Fund with Sentiment Indicators, Weekly Chart

Posted at 12:26, GMT

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