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- MYL order stock pick filled no problem.
- Markets were down today on low volume. The volume keeps declining also. With as much volatility we had, this is an indication of a lot of cash on the sidelines.
- When/If the fed lowers rates this will start the flow of that money back into the markets. If they do not lower rates we could be in for a lengthy sideways market.
- We are still treading cautiously, but a couple more small pullbacks and we will release another stock pick.
- We sold all of our Russian holdings in personal portfolios the other day after seeing this picture:
Ahmadinejad and Putin at an anti-NATO summit conference Thursday. AP Iran And The Shanghai Pact |
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- A new stock pick in Mylan Labs will do two things for our portfolio. One, add some diversification into a hot sector. Two, buy an extremely undervalued stock. Future boosts in earnings from M&A will drive this stock much higher over long term.
- We updated our portfolio gain with all of the average down material. One can see now with 100% accuracy and visibility how much TLO is outperforming the S&P.
- Home sale gain numbers were surprising. Certainly not enough data for a recovery though.
- TM has certainly stagnated, but we still love this company over all other car companies. The stock will eventually return to its growth.
- More stock picks coming in the next 7 days, so be ready!
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- We received a couple of emails from you that our total ROI should be higher because we averaged down, so some are based on the hypothetical $1000 and some are based on $2000, $4000, and highest was $8000. This is absolutely correct. I need to go back through all of the notes and update them. I will do this for next week. The same is true for our 1 loss on LEH. Overall it looks like the percentage ROI will go up substantially. Thanks for the feedback.
- Not going to release another stock pick today. Our data is still skewed too high on the risk side. We are using 8 of our 20 slots right now (2 positions averaged down) so it is good to be around about 60% cash in this market.
- BNP Paribas has agreed to unfreeze the funds that originally started some of this mess.
- CountryWide CEO warns of a recession. Of course he does, from his perspective the sky is falling and a recession is certainly happening in his world. Will it happen in the rest of the world? Maybe, but the judge is still out on that one.
- US Trade deficit has improved, this is actually great news for the markets.
- The markets were slightly negative, but very close to flat. If it had not been for the overwhelming negative sentiment we would have released one of our stock picks. We are going to push for a better price. Sunday we will definitely give a stock pick.
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- Great day for the portfolio. All positions / stock picks went up.
- We are still walking cautious, but one more good day either down or up and we will release a new buy. Maybe as early as tomorrow.
- At your request, we added a clearer way of showing our performance relative to the S&P. Check it out in the latest stock alerts. I think you will agree it is much better.
- 4 major banks made use of the discount window loans for over $2 billion. While I think this was largely ceramonial, it does help market psychology.
- Some really negative news came today with forclosures up and company layoffs; and the markets went way up. This is a great sign.
- Oh, and let's not forget energy prices are dropping!
- We would love to see some small pullbacks on the way up, and going back to 14,000 take a few weeks. Otherwise, we will test the lows again eventually.
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- Apple stock pick was up substantially on news of T-Mobile's exclusive deal to sell iPhone in Germany.
- Commercial paper (short term debt that companies sell) is still frozen. If this continues it will start to impact corporate operations; without funding companies only have expensive line of credit or one other choice which is to cut costs. Let's hope it does not come to that. Come on Bernanke.
- Bernanke did drop another hint to the market through Senator Dodd that he will use all available tools to calm markets. This is synonomous with cutting rates.
- Everyday that goes by with a sideways or slightly down or slightly up market is a good sign things are calming. Still need some big negative news to come out and the markets do not react. It was definitely positive when T-Bill rates crashed and the markets took it in stride as did our stock picks.
- Plan on at least one new stock pick sometime this week or this weekend; one condition, continued market stability or increased market stability per the above.
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