This post is based on an email I received from the SF IBD Meetup Group (most of it is copied verbatim)
There is a new startup company called SmartStops.net, that helps investors know when to sell.
Their solution is based on facilitating and optimizing the use of stop loss protection and making it easier for the investors to take protective action. At the end of each market day, they publish an updated SmartStop for each covered stock calculated for use the next trading day. If the stock falls and triggers its SmartStop, it is an indication that the stock has entered a downtrend and it is recommended that you sell the stock or take other protective action.
They monitor their member’s portfolios continuously and email them when a SmartStop is triggered. If you receive a SmartStop QuickAlert – Take Action.
Their algorithms are designed and maintained by Chuck LeBeau, a well regarded author on technical analysis. Their stops move closer to or further from the stock as trading patterns dictate to keep you in up-trends longer but exit you early in down-trends. Their stops are designed for investors more so than active day traders. They do not hug the stock close enough to trigger daily trades and do not adjust intraday. However, traders, as we know are information hounds and many day traders are early adopters of their solution.
Recent articles in Barron’s, Kiplinger’s, WSJ, Fortune and The Street.com can be found at:
Sequoia Capital held a meeting a few days ago with all of its portfolio companies, telling them how to adjust to current economic conditions. Somebody leaked the slides from the meeting (see link below). Very interesting. You have to get to slide 37 for anything resembling a hopeful message (Amazon.com and Salesforce.com’ s successful growth during the downturn of the early 2000’s).
Check here for the slides.
If you have not been to http://www.crunchbase.com/ . I highly suggest you check it out. Its like a startup/company encyclopedia. They give you widgets that you can add to your blogs as well such as the following one:
I have been so busy lately that I have not kept in touch with what is new in the web and technology areas. Well today, I finally got a chance to look at some new stuff and I got introduced to the following: