Remember when INTC, CSCO, AMAT and DELL (before DELL, I think it was SUNW->JAVA->ORCL) ruled the NDQ?
With today's annoucement of the McAfee acquisition, INTC is signaling it's ready to get off its ass and win one for the shareholders.
Personally, I'm considering positions in INTC (opened a position today), CSCO, HPQ, and AMAT.
In other words, I'm growing bullish. Which probably means it's time to get ST bearish.
Tonight's focus group was the first where I got paid just for showing up. This company apparently routinely overbooks, and if oversubscribed, they will send people home. A couple of us were allowed to sign for our checks and leave.
ReplyDeleteUnfortunately, this was one session I would have preferred to participate in, as identity theft is closely tied to today's McAfee news.
Notice that BAC and WFC are at 52-wk lows. And that you wouldn't know it looking at the closing price on FAZ.
ReplyDeleteJust for once, can someone throw me in a cell with no access to trading for a year right after I take positions in INTC/AMAT/CSCO/HPQ?
ReplyDeleteYou know, every time I've made a recommendation for a LT hold to my wife, it 'would have' paid off had we actually held. You could say I'm sick and tired of not following through on my own calls.
ReplyDelete(Obviously, I'm referring to blue-chip companies with solid balance sheets and long track records.)
2nd- That's a hell of a gig. Get paid to show up and do nothing?....Wait a minute...that could apply to a few of my employees... :)
ReplyDeleteSaw the BAC 52 week low also, and rail traffic remains strong as hell.
I received a report today from MOG that they (WY) paid to have the author of present to them, with follow up questions on housing demand. It's VERY long, and once I figure out how to link it, I'll send it out as an email. I have everyone's email address I think except TOF's. If you'd like to see it, contact me through CC.
ReplyDeleteMark, did you have a chance to ask MOG about SD?
ReplyDeleteNotice that CAD is making clear higher lows against USD since late May: http://www.x-rates.com/d/USD/CAD/graph120.html. Now, coupling this with the fact that the high-yield bond spread is making clear lower highs since early June (according to markit), it suggests that the risk perception in the market is steadily abating since the May panic. So let's not get too surprised if the pre-May speculation returns, now fueled by even lower bond yields, and S&P rallies to 1400 (an outcome to which Jeremy Grantham assigns 0.45 probability).
ReplyDeleteDavid - someone called into Cramer's show yesterday regarding SD. Cramer said that he was disappointed by their recent qtrly results.
ReplyDelete