ikkyu2 (99.51)

Look out below!

September 23, 2008 – Comments (2) | RELATED TICKERS: KNM , CHA , LVS

I am 25% in cash now, and I may cash more out.  We have further down to go.

A few names - KNM, CHA, LVS - are starting to look cheap to me.  A few more are not cheap yet, but they are headed that way: CMG, MGM, and maybe WFMI.  A few more haven't budged:  BRK, YUM, COST (it budged, but not enough to make it worth a look).  I go back and forth on AAPL; a lot depends on the 4Q iPhone 3G sales and how bad it's going to be hit by what's coming.

TSO looks cheap, but the volatility in oil has to frighten everyone, especially TSO shareholders.

Cramer says gold.  I never need much convincing, but I might need convincing to hold IAU or GLD in a stock-oriented investment account.  Gold is best kept locked up, preferably just under your pistol somewhere safe.

Still boggling that I managed to make a 2 day long trade in GE for 20%.  I never thought I'd see the day.  Collected the dividend, too.