kfisherprotege (31.35)

Bull $treet Week - #43

October 22, 2008 – Comments (0) | RELATED TICKERS: COGO , NOA , MEA

I upgraded my cap color today from blue to yellow.  I guess I'm rising relative to other players, but that's no real solace.   In my real $ portfolio, I'm also beating the street today.  I'm only down 5% whereas S&P500 is currently down 7% - a spread of +2%.  That's nothing to cheer about.  Most other days I lag the market when it upswings, often to the tune of 2 to 3%.  So I'm vacillating relative to the S&P, but in general, without a hedge in place, my portfolio is taking a tumble just like nearly everyone else's.

So Kirk Kerkorian pulled out of his dismal bet on F after losing almost two-thirds of his position.  I've got to hand it to him.  It took a lot of guts to cut and run from the carnage while the investing papparazzi pounces on him.  I heard Carl Icahn is losing his shirt and his mojo too.  I wonder, where they're stashing the investment they have left in order to make a comeback.

I have the same dilemma.  The stakes are a lot smaller, but the % loss is about the same.  I have GT and FADV, which have fallen out of favor and have been lagging the indices on a consistent basis.  I'm considering cutting those losses and replacing them with stocks like: COGO, NOA, and MEA to name a few.  Fundamentally, those appear poised to make a stronger comeback than GT and FADV.  Something is keeping me from making the switch now, though.  Perhaps I'll wait for the earnings to come out and then see where things stack up...

-kfp