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Street Justice is.....

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John is 30 years old and resides in SW Folrida. He is currently working towards his Bachelors Degree in Economics and plans to become an investment adviser. His desire to help others combined with his passion for researching and investing in the global markets led him to create Street Justice.

Sunday, August 10, 2008

Street Justice: Is This Really It?

Hello everybody. I hope you enjoyed your weekend and got plenty of rest. I got a chance to relax and went and saw a movie(pineapple express). Still, I can't wait till morning. I wanna see if we can hold the momentum from last week. I'm sorry to say that I don't have any stocks to recommend today. I am working on a "special presentation" for you guys and it's taken up all my research time(and then some) for the weekend. I will be highlighting 1 company which I have researched very heavily(more than usual) and posting the results for you. I won't tell you the name of the company yet, but I will let you know that i got to have a little chat(via e-mail) with one of their executive officers about their future and will be including our correspondence in the "special presentation". Don't misunderstand, I DON'T have any insider info, more like info from and insider. Anyway, I had to devote extra time to this project so I have no stocks today.
Based on what I've seen so far. I'm confident the dollar will continue to rally which should keep oil down and the market stable at the least. Though I could be wrong, at least about oil. As of right now(10pm EST 8-10-08) oil is up slightly from it's close Friday. Still, I am convinced there is enough working in our favor globally and here to keep the momentum up.
So, what do you all think next week has in store for us? Will we continue to see a US comeback? Was it just a flash in the pan rally? Let me know.
I must say I never expected to see the gains I'm seeing in my Forex accounts this soon. I have already doubled my real money(and then some) and pulled $30,000 profit from my practice account this week. It got quite crazy during trading in my practice account. At one point I made $12,000 in a series of trades that took all of 40 seconds(man I wish it was real!!). I have collected most of the profits in my real money EUR/USD short and put a bit of it back in. All I can tell you is the dollar shredded last week and is poised to continue it's rally next week.
I am planning on having the "special presentation" ready and posted by the end of the day tomorrow. If it's not ready, I will find something to give you, cause we're all in this together. Thanks for reading.

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