Ah yes. That is what got us all in so much trouble :lol
well given that they caused it............nah I agree not much chance of washington improving things (a Keynesian I'm not:laugh).I am amazed Wall St. is buying into the prospect that Washington can save the US economy from a down cycle. The consensus will come to reality in this area eventually and my pessimistic shorty portfolio will rise again from the dead, muhahah!
Sell them all. Take the easy win :lol That Ambac play was brilliant. Next time you get an idea like that, PM meIm tired.
Sell them all. Take the easy win :lol That Ambac play was brilliant. Next time you get an idea like that, PM me
For real I am looking at SIRF - maker of GPS chipsets. Their stock is at a 3 year low at $14.50, ahead of their 2/4 earnings report. SIRF has a history of beating estimates. I have a 150 share buy in at $14.35. I hope I am not chiseling it too cheap and miss an opportunity. Last quarter I bought 'em at $18.50 and they beat earnings and rocketed to $30. I sold out at $28.50. SIRF has been good to me.
Up 13.5% for me in the VSE today. Also a good day for real, as I own 75 shares of Proshares China Short (FXP) and it was up $8.65 today, plus another $2 in after hours :devious Pity I got such a random crappy price on that in the VSE.
I also picked up 50 shares of Owens Illinois today this morning in my real account ahead of their earnings report after today's market close. OI beat estimates, I am hoping they jump a few bucks in pre-trade tomorrow. Maybe I can make a quick $300 or so.
I took a beating lately for real so far this year. Gotta keep swinging though, taking smaller well founded bets, doing some shorting, keeping a solid core base of mutual funds (Fairholme and Dodge & Cox). I have a small 200 share position in one finger to the wind hit a home run biotech stock - AtriCure - ATRC - purveyor of minimally invasive coronary surgery products. Think of the stuff they are developing as arthroscopic surgery for the heart. I see a need for that here in cholesterol heaven burgerland USA. If AtriCure hits, that small position could conceivably pay for a new car some day. One can dream!
I missed an opportunity with Onyxx Pharmaceuticals. Owned them for a year, was in the red the whole time, got discouraged and sold when I saw a small profit. No kidding, two days after I sold, they announced favorable clinical trials and the stock went from $12 to $50 My $3,600 position would have been worth 15 grand if I owned the pig for two more stinkin' days.
Then there is MasterCard. Bought 190 shares of that at IPO for $46 and sold too early at $92 a share as it peaked at over $220. Don't get me started on that one. Then there is Apple at $84 a share...
Tired indeed. Learning experiences also :banghead Dammit, I will prevail in the end
Also, looking at that VisaMastercard up $10 in pre-trade this morning on higher profits. And I was thinking of shorting it. Thank goodness I didn't. Damn, I am buying Visa when it IPOs in the next few days :drool
My short positions were up 13.5% yesterday and are flying today in pre trade. On to #2 baby!