I'm bored so I will post
The more time that goes on the less I seem to use my random thoughts website. Maybe the novelty of blogging wore off and I lost interest or maybe I just became consumed with the myriad of other factors in my life. Either way, I will say I plan to post more, but whether or not it will happen is still a mystery to me. In any case here are my thoughts for the day:
The market goes up. I specialize in shorting stocks and can't do it anymore. Stocks that I would normally short are getting bought out. Take a company like GCO. They sell Journey's shoes amongst other things in your mall. They were a terrible company. They would have missed their Q1 estimates by the proverbial 'mile' but the stock went to 50 some odd dollars on a buyout. I will say the person who bought them out will likely be successful as their problems are fairly apparent. That would have been a good short. The stock would have taken a 20% hit over the course of 6 months and then been cheap enough for the value guys to step in. But instead its a buy.
I hold the stock of NYX. NYX by all accounts is not that good of a company. The NYSE will have to cut its prices soon, the floor is dead, their execution is subpar, there is nothing really good there. Why do I hold it? Because they are going to make an acquisition and end up being the #1 player in world. I for some reason don't think they will get beat up on an acquisition. By the way, they should acquire ICE - its the perfect technological fit.
I will sell some of my AAPL holdings into their upcoming earnings. Its pure risk control, but I think a smart move.
I have set up a covestor account. Once I get the ball rolling there I will give you all the info so you can track my trades realtime.
I own DEPO. That one hurt last week.
You need to own an infrastructure / construction stock : CBI, FLR, JEC, FWLT...
I am so sick of hearing about the damn iphone, who cares!
I'm going to Vegas this weekend so I need to make some money this week in order to pay for the trip. I will keep you posted on my trades...if I remember.
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