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Author: Mike Celeste Editor: Tony Ponzo June Circulation:

Stat Sheet Week Ending June 28th 2008

ChangesWeeklyYear to Date
Indexes Points Percent PointsPercent
Dow-496.0-4.2%-1,918.4-14.5%
S&P-40.0-3.0%-190.0-13.0%
NAS-90.0-3.7%-336.7-12.9%

Highlight of this past week: ATW - drills its way to success--up 15 points.

In this Issue---
SplitMaster Basic System---
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In view of what is happening to the markets, we are being very thankful here at SplitMaster. We have 1 more day for June figures and we will probably close out one more play on Monday. Team members, be looking for some exit thoughts on ATW. We do have a loser in the program, but it is a good stock and we believe it will work its way out of this in time. Our third play is PCU and it is currently at a profit. For the year, thus far, and not including ATW, we are up 42.78%. We like those figures--and we are not going to sit back--we want to keep it up and get our new strategies going, too. More to come on those.

Momentum Plays---
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The momentum plays based on earnings are basically non-existent for the next two to three weeks as expected for the end of a quarter. However, we did manage to find a good active earnings play with RIMM. Even though we know this is the way things are, it is still perplexing that a stock can have a great quarter nearly doubling their profits, yet because they miss what the annalists thought they should do by one or two cents, the stock plummets by nearly $18 and goes down further the next day. But, we are looking for plays with movement and we certainly got it with this play.

The only problem here is, the SplitMaster team was too quick to get in and two quick to get out. We entered a PUT play and as soon as we did, the stock starts moving up pretty fast. At that point we are thinking the stock was oversold and we better get out. So in our cautious effort not let a play go too far against us, we got out with a .35 loss. Naturally as soon has we got out, the stock turns back to the down side and continued down the rest of the day.

The good news is, we had a number of members who stuck it out and road the play into a nice profit. More on that below but great going team members! This shows you that once you get the feel for this play, you can use your own judgments and do better than us at times. We love to see it. Of course the best scenario is when the SplitMaster team wins with some members winning even bigger.

 Three Indicators---
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These indicators led us to some profits this past week--and that included a call play on Friday, which was another down day for the markets. We caught the market in a rally mode and made a decent profit. Wednesday was a day for another up play, following the Nas 3 Indicator on Tuesday. A nice 33 point gain on the Nas followed. We are still a bit indecisive on when to enter the play--there is a lot to be said for entering it at the close of the day the signal comes, for action the next day. On the other hand, we waited on Friday for the open, watched the market go down pre-market, waited a while and then went in when a rally started. Sort of like the old saying--six of one and 1/2 dozen of the other. On Thursday, during the day, there was a strong indicator for a down play, and the market dropped 358 Dow points.

The week was certainly a negative week with the Dow dropping to it's lowest level since 2006. The bad news on the economy keeps pouring in and of course the price of gas is making things even worse. At this time, the indicators are pointing to a very oversold condition but with the current mood, we are not sure what to expect on Monday. We could continue down more before we finally have a rally of some sort. Then the question will be how much of a rally. One thing is for sure though. Sooner or later will have an up day and the more we go down, the stronger that up day should be. There might be some opportunity coming up but we'll have to see how things start out this coming week.

 Feedback---
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Bob turned a sow's ear into silk--we were taking a loss and Bob was very astute--he got in at that point and it turned around just at that time (we had the right idea, our timing was off) and he raced away to a great option profit. Congrats, Bob--we love it. Here's what he had to say--

"I had a nice result with RIMM this morning. In at 2.82. Out at 4.35. Very happy. Thanks guys".--Bob

The Economy, The Markets & Commentary---
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First of all, we want to thank team member, Stan, for supplying us with most of the detailed information we have been giving out as it relates to where the oil is that we need to get out, right in our own territory. Stan has many sites which back up the information, confirming that we have plenty of energy sources. Last week we saw that President Bush used a lot of our own words when he asked that we open up drilling. Now, after we repeated that we still need to keep hammering away to our reps, friends and media, we saw that Sen. Obama came out for putting controls on margin for oil contracts. Newt Gingrich can be seen on YouTube, and you should take a look and listen to what he says. (Thank you, Marko, for pointing that one out.) Of course, it will be familiar to you because Mr. Gingrich, too, uses some of our exact words in describing where oil is available to us--in our own backyard--and a release from the US storage underground. Our team readers are just AWESOME !!! When we see our biggest political leaders using the same wordage that we have been putting out, if makes us feel that maybe we are getting somewhere. Then, there is one that we came up with quite a while ago, and keep repeating. The speculators are driving up the price of oil, and we have little doubt about that. This is the one that can change oil prices in a real hurry. I firmly believe that the media is being fed info that downplays speculators--why I don't know. In the meantime, I keep digging away on this, looking for more info. This week I was able to find the volume of oil contracts over a period of time. They have increased dramatically in number, as we guessed. Now think of it this way--it is said that oil production has remained pretty steady. Oil contracts at the end go to delivery to the people that use it, etc. If the production is steady then the huge increase in the number of contracts traded can be laid at the feet of the speculators. Remember back to the days shortly before the tech bubble burst? Speculation was running rampant and volume was increasing. Our brave regulators refused to raise the margin on stocks and what happened? A huge crash. And that margin on stock is 50%, with the margin for oil contracts only around 5-7%. Don't let anyone fool you into thinking that speculators are not a very large part of this problem. Of course, that is our opinion--but we would love to see the regulators raise that margin substantially and let's see if it does or does not work. If the naysayers are right, oil will go up more--well, it is going up pretty darn fast, anyway, so it doesn't seem we have much to lose. Keep sending your thoughts on this to anyone you have an email address for, including the media of print and TV. (Note--I still don't have a job offer altho I keep saying I work cheap), Our standard of living is being crushed by a very small handful of people that are getting to control the world--and I believe this with all my heart. We have to fight back or we will not be able to retain the little we have left.

One personal comment about airlines. We all know they are desperate and raising prices on flights, adding all kinds of fees, and charging for carrying luggage. Let me tell you about my current experience with Jet Blue. We had mileage points with American Express and they could be used with Jet Blue. We are going back for a family reunion, to NY State. OK, planning is a real nightmare using airline points, at best. After hours of checking for availability on dates and airports, we went online to make the reservations. The Jet Blue site said there were seats available for mileage use for us--four seats. When we finished going thru all the mess it takes to do that, including seat numbers, we pushed the final button and what happened? All of a sudden, only 3 seats were available. Well, we know this can happen as a coincidence. The Jet Blue operator said it would cost $15 per ticket to have her do it instead of us doing it online, for no extra fee. Every $ is important, so we said we were smart enough to do it online and away we went. OK, now we can't get 4 seats, we have to look at another airport and another day.
By the way, going was fine--CA to NY, no problem on the date. The next day, we finally find another airport, further away, and on a different date, so we have to change the first date, also, as we can stay only a limited amount of time. Ah, there were 4 seats available. We go thru all the process again, and guess what--right as we push the final button, it says there are only 3 seats available. It is a coincidence to have the exact same thing happen two days in a row? Would it make us think that maybe there is some sort of program there that does this? Wait, we are not done yet--we finally get the 4th seat. So, we have to come into one airport and leave from another. That means that a rental car has to be secured that allows this--for an extra charge, of course. Well, my wife (who has some major health problems) gets very stressed about all this. So, I call Jet Blue and ask if there is any way we can leave from the same airport. We point out there are plenty of seats available on the plane we want. Oh, joy--there are now seats available on the date we originally wanted, besides. Happy days, problem solved? No, not on your life. We are told that to change back to the date we originally wanted we have to pay $100 per ticket more--plus we saw that American Express tagged on an extra $10, for what reason I have no idea. I got on my hands and knees, literally, and begged them to waive that $100 charge and why. I was told I was taking up 4 seats that could be sold and when I said that I was also making available 4 seats on the plane we were changing from. The logic of that could not be understood or accepted by Jet Blue. They said the policy was the same for everyone. However, I did get them to admit they could waive the fee if they wanted, and they didn't want to. She said that was correct and in her opinion it wasn't a life or death situation. This was coming as a result of my calling corporate headquarters to speak to the VP of Customer Service. (Note--I did pay the extra $440 to make it easier for my wife--she deserves it, 51 years with me)

Why did I go thru all that? Only to make our readers aware of what is going on when having to deal with the airlines. It used to be fun to fly, but all that has definitely changed, and it seems to me that this particular airline is looking for any extra fee it can garner from the flying public, so be aware out there. By the way, Wells Fargo airline miles are way easier to use--the airline doesn't even know it is from the miles points. And this is from personal experience, too, as other members of our family going for the re-union booked thru Wells Fargo and had no problem at all about blackout dates and number of seats set aside for mileage people, as there aren't any of those restrictions. There are differences, and we care about all of you, so maybe you can benefit from our misery and avoid the problems.

And thanks again, to all of our team readers that have let us know they are reading and doing---from the little 4 corner town of McDonough, NY where Saul buys and sells gold nuggets all around the world, to the Hollywood area where film producer Mark does his thing, and Fidel in Georgia doing a great job in the spiritual arena--and all of you around the world--we are all working together and it is a nice feeling. Thanks for all your feedback--we keep saying we all learn from each other.

 Today's Thought---
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In order to do what really matters to you, you have to, first of all,
know what really matters to you......Dr. Ed Hallowell, Psychiatrist and author


Mike

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