I get a kick out of watching Dennis Gartman on CNBC. He is glib about his mistakes. I do ask myself, this guy has killed you year to date, why are you listening to his SMACK? Maybe I just tune in when he makes his bad calls. The guy must of made plenty of right calls I just missed the memos. On Monday he was one of the few (only one) who said GOLD and Stocks are both going up at the same time he is a buyer("massively higher" are his choice of words). He can be…
I didn’t like the movie. Now Zuckerburg says he doesn’t want to work for the stock holders. It says a lot why this IPO is flopping. Good, Apple should go up. I'm buying AAPL
Again a company beats earnings and the stock either goes down or unchanged. Last week it was CAT and Cabela’s , today Cummins. I didn’t buy into Cummins before this announcement because of what happened to CAT last week. I’m ready to buy CMI now after the announcement. Since 2001 Cummins has made plenty of right moves; consolidating heavy duty assembly into one nonunion plant, CNG engine development, the right emission changes in diesel engines and…
Yesterday CAT got a beat down after a pretty good report. Today CAB Cabela's gets the same treatment down 7% at about 2PM. CAT came back around 1% today and may gain more. For the last 3 years I've had pretty good success buying a stock just before earnings is released. Now I'm watching the earnings calender so I can sell a stock before earnings release.
With surprises in Europe, China and the US economies and to say nothing of my suspicions of market manipulation I don’t trust anything in the market lately. I have hope now Apple again beats earnings. I’m excited, last quarter after a AAPL blowout I did well playing weekly Apple call options, so did a lot of other investors. Apple’s earnings was pure truth, sales, profit, and forecast up which resulted in the stock going up after hours. Same old story fo…
Even with gasoline getting near $4 per gal there is more news about Greece than there is about the exciting Bakken oil field around N. Dakota and the Marcellus natural gas fields. There is oil flowing from N. Dakota and I just took my new positions on P&P. HES, DNR, CVE, GLNG and TOLWF (P&P not showing TOLWF yet) GLNG is transporting compressed natural gas the rest are involved heavily in the Bakken oil fields. It was fitting that CNBC would rather int…
I get Apple updates in my email almost every few hours. Today I was listening CNBC Half Time,(the best part of the daily business channel in my opinion) John Najarian, very insightfully said Apple options are going crazy and the most scary part he said the weekly call were particularly active. Quote; Jon Najarian; points to the latest options activity as a sign that money pros still remain very optimistic. He tells us, “if you bought Apple $530 calls last night - you’re si…
To me investing in solar is all about short periods of time because these stocks are so volatile. I read a few articles about solar lately. Cost of production are coming down because a key ingredient poly-silicon is in over abundance, price drop is 93% as of a few months ago. This price drop has put solar energy production much closer to a breakeven. When countries in Europe started pulling the plug on government subsidies solar stocks tanked a few years ago. I'm looking SPWR on a pull back, lik…
May 23, 2012
Edited: May 23, 2012
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