I sold placed the BIDU covered call a month ago, as follows, when the stock price was 97: [more]
I’m innocent I tell you! I wouldn’t exactly call it stealing. I thought of it as spending money just languishing on the table. Believe you me they wouldn’t notice it was missing in a million years. A nosey female accountant, an insensitive judge, and the next thing I knew I was paying it all back plus time. “How was I to know, she was with the Russians too”. Speaking of Russia, a funny thing happened on my way to the BRIC store. Remember Brazil, Russia, India, and China? Instead of BRIC, plop some of your money down on another country I never wanted to visit – Thailand. [more]
Searching for underperform picks, my selection of 10 Bullishbabo recent smallcap underperforms went down the toilet - faster than a vortex on steroids. I've recently replaced Babo's picks with the S&P 1 star strong sells in the underperform category. The combination of S& P 1 star strong sell (underperform) & 5 star strong buy (outperform) continues their remarkably linear over performance of the S&P 500. Based on my previous blog, my CAPS versus S&P 500 1 year forecast for the S&P 1 & 5 star picks is in the plus 45 percent range. S&P currently uses a steep bell curve and rates 100 stocks in the 1 & 5 star categories with 2000 others rated 2, 3, & 4 stars. I've got a feeling that the Motley Fool star bell curve isn't steep enough. The other issue with the Fool picks is that they rate everything - which sounds nice, but won't make you money. I own all of my picks. [more]
Using S&P 5 star ( strong buy) stocks from 7/15/10 thru 10/15/10 yielded about a 2% (3 months) or 8% (annual) increase over the S&P 500. My guess is about +300 caps points equals about +4% per year.
Can you hear me knockin?
Mostly tracking the S&P 5 star strong buy picks with a few underperform picks from other sources. My chart confirms that hte S&P picks do outperform the S&P 500 index - but what is so surprising to me is the straightness of the line of my chart in an upward projectory.