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reddingrunner (95.11)

May 2008

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Bubble? What bubble?

May 28, 2008 – Comments (2) | RELATED TICKERS: FCX , PBR , RIG

A bubble is not defined by a rapid rise in prices, a bubble is defined- or, more accurately, can be identified by- a rapid and unsustainable rise in the P/E ratio.  The P/E's of tech stocks in 1999 were obviously unsustainable- even if they continued to grow fast, the prices would have to have stayed flat for a long time just to bring the P/E's back to realistic valuations.  And, in fact, the prices dropped and sales continued to grow and today tech stocks are realistically valued for the most part- but if you bought in 1998 you haven't made much money in the last decade even if your company's sales have tripled- the growth was already (over-)priced into it when you bought it.  [more]

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Profiting from my own ignorance.

May 27, 2008 – Comments (2) | RELATED TICKERS: MT , X

Demand for steel can be expected to continue to soar for the next decade or more.  Just travel the world a little and you'll see why- huge construction projects everywhere you look.  [more]

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Set your waypoint on $75

May 19, 2008 – Comments (0) | RELATED TICKERS: GRMN

In real  life I bought GRMN in 11/06 at about today's price of approx $48; sold half of it last October at $110 and the rest in February at $67.  It was overbought and now it's been oversold.  I guess investors are spooked by the fact that it has some real competition now.    [more]

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Long Apple: One more reason.

May 17, 2008 – Comments (1) | RELATED TICKERS: AAPL

"I really can't think of another important device or service that is as morally bankrupt, stupid, and plain worthless as Microsoft's Vista. Someone should do jail time." 

-- Director Barry Levinson in his latest Esquire "Digital Man" column

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8

Up 2000 points in 8 weeks.

May 16, 2008 – Comments (4) | RELATED TICKERS: CGMFX

Who do I think I am, Ken Heebner?  :-) 

That's a diversified portfolio with no "underperforms".

Just a little heads up for you momentum players...

Either that or shameless self-promotion.

Take your pick. 

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