Before the discovery of Australia, people in the Old World were convinced that all swans were white, an unassailable belief as it seemed completely confirmed by empirical evidence. The sighting of the first black swan might have been an interesting surprise for a few ornithologists (and others extremely concerned with the coloring of birds), […]
It took a little of the sting off but far from a good day. We are outperforming the markets but that’s saying nothing. You can’t eat relative performance.
We shorted a large amount of SPY after hours when we learned of the deteriorating nuclear meltdown problems in Japan. Unfortunately we didn’t short more. I’m sorry to say we did this as insurance and really don’t want to make money on this as we are still far more weighted to the long side. We listened to Robert Kelley […]
GM reawakened from the dead and bankrupt went public again at the end of 2010. It was a heavily subscribed gigantic IPO and the stock did well peaking at around $39 during the first of the year 2011. It began its descent and recently plunged below 32 on the news of its CFO, Chris Liddell […]
1. Tap Molson Coors 2. NLC Nalco Holding 3. AXP American Express 4. AAPL Apple 5. AMSC American Supercondcutor 6. OSTK Overstock 7. Cullen Frost CFR 8. BAC Bank of America 9. PG Procter Gamble 10: GE General Electric This will give you a snapshot of what we own right now. How do you think we […]
This is a very interesting chart that graphically shows the amount of insider selling versus the S&P 500. Note the buying climax coincided perfectly with the March 2009 lows in the market. Insiders are unloading at a furious pace as the market makes new short term highs.
CEO Brown bought 100,000 shares of this mortage insurer in Nov 2010 at 10. The media has had lots of play about mortage irregularities and the potential of claims MBI and others might have against the offending banks that created these deficient mortgages. MBI has also made progress in splitting itself into two businesses, the good […]
The last couple of days for us have been very frustating. We were perfectly positioned going into the President’s Day weekend and suffered almost no losses on Tuesday. I wish we could say we have been that fortunate since. There has been nonsensical selling. Alternative energy stocks, such as AMSC go down when oil skyrockets and even […]
If you will search on our posts, you will see we suggested buying the USO (that’s the most popular ETF tracking crude oil), several of the largest gold miners, and lastly we have repeatedly warned of a toppy market. Now you might say we have been lucky, that the Mideast democracy contagion has worked in our […]
We have traded out of most of AKAM with profits, keeping a small tail in the Mar 42 options. Normally CEO Sagan has been a size buyer when the stock got whacked. This time he’s actually selling