Harnessing Volatility & More Random Musings
I figure that it will probably be easiest to continue to post links to my Motley Fool articles here as well. People apparently want articles/blogs from me and my blog is one place to look for a history of all of those articles. I recently did a write up on using beta to your advantage which can be found here.
Now for some random musings...
I know its brutally early, in fact just over a week in to be exact, but the UltraChina portfolio of 185 companies is up 500 points on nearly 60% accuracy, somewhat reminiscent of how quickly things jumped off the March 9th lows in the US. I haven't seen a definitive bottom there in many stocks, but some are having violent upside reactions largely because of their inexpensive valuations. Volume is picking up and traders are taking notice to some of these Chinese names.
Hi-Ho Netsol Technologies! This is a company that should easily be worth $2.60-$2.80 based on my fundamentals, although I don't expect it all in one run though it sure seems like that so far. Nine months ago I called Netsol to $2.60 within a 12-15 month time frame. So far it is up approximately 100% since that call and it has another 70% to go from here. I think it's very possible this will happen and for those trigger happy people I suggest you hold on for a bumpy ride.
How in the hell did Blockbuster manage to survive until last week in the first place? They should have saved us all the trouble and filed for bankruptcy protection four years ago.
Why can't I have normal access to trading Rhodium? I can go out and buy physical gold, trade the stocks or play the ETF's. I can also do this with Platinum and Palladium. My favorite metals though are a real pain in the butt to play. Rhodium, Molybdenum (yes I know..General Moly) and Vanadium...I want to trade them but I have no real access to them outside of futures... very weak guys. Hey Goldman...get to work on it...now!
In true DragonLz fashion.... didn't I tell you Arena Pharmaceuticals would throw up all over itself? Yes I did....
Consumer confidence numbers stunk... as in pee-you! We're rallying now but I continue to look for the market indexes to range mostly through the end of the year. I maintain that we'll end the year with the Dow just a shade over 10,000. Did you say housing continues to tick lower...wait, I need to go look in the mirror so I have my surprised face just right.
Media....Wal*Mart hasn't been a growth story since 1995 so please stop treating it like one. Owning Wal*Mart makes sense if you want to outpace inflation by half a percent a year.
Finally.... my cats are getting pretty fat. That has nothing to do with investing but it has everything to do with why I have four eyes staring at me while I eat a Krispy Kreme Chocolate Iced Kreme Filled Doughnut.