My Favorite Bank, Reasons to Forget Apple & More Random Thoughts
Despite my relative avoidance of banks, would you be just a little curious what my favorite financial company is? I go into some detail about my favorite bank here.
In another article late last week I gave some reason to forget about high-flying Apple and focus on a few of their component suppliers instead which should give you a greater chance at price appreciation compared to Apple.
Now onto those Random Musings....
Holy cow did you see the UltraChina portfolio over the last two days??? It rose in excess of 200 points yesterday and nearly had a 600 point gain today! Get out your China pom pom's and start cheering because the rally has begun!
Gold & Silver are nearly at a temporary top. Do I know where they are headed 3-6 months from now? Not really, but I feel pretty confident that gold should crap out around $1381 and retrace from there while Silver should retrace to at least $20.80! You'll see a few new CAPS trades lined up to take advantage of a ridiculously overzealous metals market.
Harbin Electric got a bid from it's CEO to take the company private and it may not be a bad idea for shareholders to take the bait. They could be selling themselves cheaply, but electric motors aren't going to be a great long-term investment. They are kicking butt and taking names now but I'm not sure where they'd be 5 years from now.
Did anyone else see my Detroit Lions mercilessly destroy the St. Louis Rams 44-6? Wasn't it beautiful?
Mmmmmmm.... Homer like Musings...