Had to work today – I hate that because I always feel like I might miss something.
What I missed was a hell of a day and a great chance to get back into oil but cest la vie, there is always something else to trade tomorrow.
Microsoft was off to a scary start, I really don’t know why other than when a stock is up for 30 straight days, people keep expecting a pullback. They had a very bullish recovery and XBox season officially starts tomorrow.
Google – I stopped out of my short! This stock kills me but my long position looks great. Thanks to UBS analyst Ben Schachter for ruining my short party with his $500 price target!
The Dell trade was a go right at $2.90 so gl if you’re in it.
Amazon being flat on a great day like this supports my thesis – stay away!
My home picks returned an average of 3%, not bad for a day’s work!
EK – even though it shouldn’t have been a trade I still picked up the Dec. $22.50 for .75 (do as I say not as I do) – I’m already out .20 for not following my own advice.
SBUX – great day!
WMT – Jan ’08s picked up .10, stock looks very good.
BTU – woke up today
SNDK – I told you so!!! Holy cow what a mess today!!!
Tivo – if I stopped just one person from overpaying, then I’ve done my job…
TWX – very disappointing. Especially since, it seems to me, that if AOL has 24M subscribers who pay $20 a month, that’s $400M a month. How can they not make money on that? No growth I guess…
Cramer is making a great point right now, he’s saying that you will never buy anything over the net that doesn’t get shipped. And who ships it? UPS, 9 out of 10 times! I think I mentioned them a few days ago but I still think Yellow has the best run coming in that group.
