After selling in the low 7's. I bought back in the high 7's. The charts showed 8 as short term resistance. But I bought it anyway. Nice pop today. Were it a large position, I would have sold it, as it sold down through the day. [more]
Doug Kass penned it quite correctly today. Financials are priced for perfection. Many are closer to their highs than their lows. WFC [more]
Congratulations to theFeds and Treasury, who have robbed the public and our children hundreds of billions of dollars in an effort to pump up the banks, instead of letting them fail. They of course should be broken up. [more]
THe shot across the bow today was the lack of participation of funding of LT Debt......the chickens may be finally coming home to roost. Unfortunately, I sold my RYJUX position, and may have to buy it back. Keep an eye on TBT, if rates rise this puppy is going to fly
An unratable ticker....I got this stock idea from someone elase on CAPS. I bought a bit at 80 cents, and because the position was so small, dropping to 40 cents didn't bother me. Now it had a nice breakout today. IF energy rises, I'm looking for small cap beaten down energy names. They will FLY
Any foolish siggestions appreciated.
When I look at a 5 year chart, stocks are certainly cheaper than then. But that was before the credit bubble exposed our GDP to be a credit fijnanced illusion. [more]
I haven't had a position in SKF in months, but have toyed with a small one in SRS, trying to use it as a hedge. IF IYR even goes sideways, SRS will fall, and thus since it broke 48 I truly felt I should close my red thumbs....they've fallen so far I've felt I have little to lose to leave the pics up, that said, look at UYG.... [more]