I'm hoping the recent market drop from the Dow 13,000 level drags transocean and fluor a little lower. I'd love to be able to buy RIG for less than $150 and FLR in the low $170s. The FLR price might be wishful thinking but RIG is only a couple points from that level now and I got my dolla dolla bills ready.
Yesterday CAPS decided Digital Ally (DGLY) was my personalized stock pick of the day. I had never heard of this company but it instantly made me think of Alli the diet drug, that works by making you poop your pants, only digitized(!) and so better. Apparently though it's a company that makes law enforcement doohickeys and isn't involved with digitized pants pooping weight loss therapies at all :( Law enforcement doohickeys is probably a more stable if slightly more boring line of work. I used to think the stock pick of the day was based on sectors/industries I had already made picks on. For instance petrochina was my stock pick of the day on Monday. I have PBR as a pick (I own shares of PBR and I think PBR OMGWTFBBQP0WNZ PTR... in the face!) so it made sense to me that PTR would be a reccomendation. As far as I know I have no picks regarding law enforcement and so I'm not really sure where this was coming from. [more]
So on Tuesday morning I bought some shares of Hewlett Packard (HPQ). Some bit of news showing the stock being down 6% or so from yesterday's close caught my eye. So I opened up a detailed quote on MSN money and saw that they had just bought EDS and figured it was your standard aquisition lumps. I opened it up on caps to see what people there were saying... it ammounted to either "EDS is crap" or "I like the deal." Maybe with a few extra words thrown in, but not many. I then opened up some article that had some quip from some analyst from some banking firm that said something like: "HPQ's market capitalization has dropped by more the 14 billion that HPQ is paying for EDS." [more]
1. The Brazilian government allowed PBR to raise gasoline prices 10-15% at the beginning of the month. Their first price increase since 2005. This is what seperates PBR from say PTR where the government of china keeps the gasoline prices super cheap forcing the company to sell at a loss. [more]
When I first opened a brokerage account a few years ago Marvel Entertainment was one of the companies I knew I'd be investing in. I didn't know a lot a bout stocks but I knew I liked their comics and I knew I liked the spiderman and x-men movies. So I bought a small position, added to it on a dip, and sold it all about a year later for roughly a 15% gain. Which isn't horrible but isn't amazing either. If I had held the position I'd be at 56% gain and rising. Again not necessarily mind bogglingly awesome but it's a lot better than what I got. But I had a very small amount of money invested at the time and I thought I saw other opportunities elsewhere. [more]