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August 2011

Recs

4

Ill Communication

August 31, 2011 – Comments (3) | RELATED TICKERS: T

The rap allusion at the end of my last entry went over so well, I have put another in the title of this post.  [more]

Recs

12

Back to BAC

August 30, 2011 – Comments (5) | RELATED TICKERS: BAC , BRK-A

I promised in this space - around January 2011 or so - that I'd be holding BAC and C for 2 years, or until the story significantly changed; that I wouldn't sell on price movement alone, that I'd hold on the thesis of future profits related to the eventual economic expansion and the market share they gained during this downturn.  [more]

Recs

10

Out of KNM today

August 30, 2011 – Comments (3) | RELATED TICKERS: KNM , T

I have been making movements only rarely lately, but I exited my KNM position and I wanted to write a bit about why.  [more]

Recs

15

Annaly Capital Destruction

August 28, 2011 – Comments (13) | RELATED TICKERS: NLY

"Annaly Capital" is a phrase tripping off many lips.  So is "Capital Destruction."  [more]

Recs

22

My take on Jobs' resignation

August 25, 2011 – Comments (1) | RELATED TICKERS: AAPL

Full disc: Long AAPL since 1981, as well as lifelong Apple and Mac user.  [more]

Recs

8

Dumbness, take 2

August 18, 2011 – Comments (7)

Like Britney, they did it again.  I was annoyed because the 4-day wait imposed by Fidelity on my IRA contribution caused me to miss out on last week's dip - but stocks obliged me by getting dumb cheap again.  Got more AAPL at 363, more BWLD at 54.93, more INTC at 19.63.  [more]

Recs

22

Dumbness

August 10, 2011 – Comments (4) | RELATED TICKERS: OGZPY , AAPL , INTC

Gazprom, OGZPY.PK, is back to a P/E of 4.  Europe must be planning to return to the dark ages, using coal to heat houses and tallow candles for light.  [more]

Recs

2

Diversification

August 10, 2011 – Comments (0) | RELATED TICKERS: KNM , CLCT

I've been holding onto some stocks that a lot of you would call real dogs.  KNM, which I've held on and off since 2005, is one of them; for the past 3 years it's been stuck in a very narrow trading channel at around 19-20.  I was overweight it, then sold some of it at 40 in 2006 or 2007 - don't recall - so with my cost basis in the remainder at about 30, I had more or less broken even and just caught the annual 2% dividend every year at the low price.  [more]

Recs

7

Stupid cheap

August 08, 2011 – Comments (14)

My wedding is this week, so I don't have enough time to look at all the stupid cheap stocks that are taking giant haircuts.  MGM took a 3% haircut on the best quarter it's had in years.  There is a definite flight to safety effect: KO went up today.  [more]

Recs

7

Conviction 2: Electric Boogaloo

August 04, 2011 – Comments (1)

I love today.  I love that finally the market is doing something.  I love that finally, right now, unlike 2009, I have a little visibility into my own financial future and a little cash sidelined that I could maybe allocate to stocks.  [more]

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