Hal's Friday Evening Blog Review #13 - Boris and Company

Friday evening blog review took a week out last time because, in the hiatus between Xmas and New Year, I lost the ability to work out which day Friday actually was. But we are back on the gravy train this week friends, with a 2007 respray. The name 'Boris and Company' appealed to me because it reminds me of 'Cat and Co', which was a band which an Essex musician called David Brider had in the early 90s. (David was the local resident musical genius back when we were at school - we used to dream that one day we would write a song as good as one of his.) Cat and Co. sounded like an exact copy of Queen, only with worse vocals. Or so I'm told (I never actually heard them, it was my mate Benny Voller.)

Anyway, the theme of this blog is that Boris knows about shares. Apparently he was supposed to be a theoretical physicist but then discovered "the computers" and then finance on Wall Street. The blog contains innumerable references to 'QQQQ', which mystified me until Google revealed that it is the ticker symbol for the NASDAQ 100 index. For the most part this is the standard "technical analysis" quasi-numerology bollocks and I'm sure Boris will turn up on Deal or No Deal sooner or later. I hope the guy trades shares better than he writes English, too. The whole thing will be rather tedious to those of you not currently in an investment club, although there are some exciting graphical interludes provided by some piece of bespoke charting software that Boris & Co. use. An example is provided here: weird annotation to the graph reproduced below:

HOW DO YOU SPELL TOP? Sentiment is super bullish: bear is transportation not confirming buy pressure is rising, stocks not reponding - Dow has either topped Wednesday, may have 1% left. NASDAQ topped 22 Nov (as projected Nov 18 +- 2 trading days. God has worked in seven days, Dow is done in seven years... Suckers are intimidated with rusted old stocks Citibank, Chevron etc. GS - Goldman Sachs looks bad, 7 day distribution & double weekly reversal. Who cares, we http://borisc.blogspot.com are making money...

Which may well be the case, but I can't see Warren Buffet giving Boris a call just yet. 'Technical analysis' of stock charts (which is what this stuff is) is just the modern equivalent of reading the tea leaves, but with less excuses. Buy and hold! That's the strategy. Which of course explains why I've just sold my investment club holdings... (either that or the fact that we need a new bathroom - BADLY.)