March 13, 2008
– Comments (23)
Consumer discretionary? Banks? Homebuilders? Oil? Gold? Ammo and bottled water?
Adding to a position in COGO, starting one in RIO. I tend to have ADD with investing, but my screen is turning up great overseas values right now.
I want one bourbon, one scotch, and one beer!
Buy? Buy? Buy?
Ultrashorts! Well, that ammo and duct tape.
"I want one bourbon, one scotch, and one beer!" I'll second that one! And then a third, fourth, and fifth.
I'm actually buying rock today. Then concrete tomorrow. And I already bought some concrete yesterday.
If I wasn't building a new garage I'd be hoarding cash and waiting.
I bought some alternative energy stocks in Europe. Gamesa, Vestas, Q-Cells. I increased my holdings in Denison Mines and Uranium One.
I also ordered some new socks.
Banks. NYB, BAC
I'm sticking with gold or maybe just some chinese food for lunch I almost know how that will set in my stomach.
I bought some more SIGM this am, and some more CRNT this afternoon; but don't follow me, my CAPS perf is long-suffering. (I also took a dose of generic Alka Seltzer, but no motion sickness med).
SEPARATELY, did you see any capitulation by the bears, or reaffirmation of Tuesday's rally by the bulls?
SKF, SRS and I own PUTs on DRYS and DECK.
I am looking FXP. Hard assets silver and farm land.
SKF short term, Longterm, CSE, LXU, and I'm keeping my PDS, MRH, AEO, OTTR, BWLD, OMAB, QTWW and six fruit trees for the back yard. The risks are drought, scabs, the neighbors and neglect.
I bought some more ABAT.
Oh, and I'm buying a house tomorrow. A lovely Countrywide owned forclosure.
My buy list outside of stocks here:
Time/effort from my employees (buy that every day). Electricity, Diesel, Gasoline, Propane & Natural Gas (use 'em every day). Breakfast, lunch and dinner (usually not out- I live in a rural area & love home cooking). Seriously thinking about a Solar Water Heating system for my home.
I also bought BRK-B again. Thought about CFSG. Thinking about BWLD and EXK.
CWB.to smaller Canadian bank that got hammered in the last 2 weeks. The logic seems to be:
-banks trade at P/E similiar to each other
-the big 5 canadian banks all got tanked in the last couple of months for bad loan writeoffs, CDOs related to mortage mess etc
-CWB didn't have much/any exposure so it faired half-decent in recent months
-suddenly in last week or two someone realized that CWB trades at a P/E higher then the rest of the other banks! quick sell!
people are stupid, quick buy before they realize how stupid!
You already know what I bought, cause the days over, so chack my portfolio. I bought gold/silver and some commodities linked stuff.
Check out my blog for silver analysis today.
I think we should all buy stock in beer, wine, and whiskey, It will be the only thing left thats going up......
Oh, you mean in stocks... None yet...
Plan on buying some stock in ECOL, DNA and RTN tomorrow. Think these could do pretty well over next few years, and not suck over the next year or so. Looking both short-term and long-term when adding new positions, (what should hold up during the recession and do well once we get out of it).
Mostly selling at they hit my stop losses. Need to get back in the game, but am lacking motivation. Would like to think that Healthcare is oversold, but recent reports from Humana and Wellpoint have me concerned. That and potential for pain and suffering from "healthcare reform" from the next administration.
I bought some IAU and GLD and Short Oil DUG. DIA and SPY after the BearSteans thing hit. How much worse can this finacial thing get? Reckon anyone out there is telling truth? Congrats on you new position!
Canadian banks. On the candian investing forum, there's almost a consensus that these are undervalued. Personnaly I'm in BNS and NA (In US, NA is on the pink sheet under NTIOF.PK. It's a pk stock, but its cap is 7.6G$, kinda mid-large cap). Gavin Graham explains in Forbes why canadian financials are good investment right now:
Sticking with my CAPS theme for the last 2 years: Oil and Gold are going up; housing is toast.
I might also buy drug companies, beer, and insurance (if I knew they didn't have any AAA rated mortgage backed securities in their portfolios).