Posted: February 22nd, 2010 at 12:58 pm EST
Well, it wasn’t quite how I imagined it happening, but it happened nonetheless. Smith International, Inc. (NYSE:SII) is up another 8% today on the buyout offer from Schlumberger (NYSE:SLB), which followed a 13% jump on Friday.
All told, we’re up 35% on the trade since our November 9th purchase at $29.96. That’s not bad for three [...]
Posted: February 17th, 2010 at 2:17 pm EST
It’s been on the watchlist for a while, and now we’re ready to make a move on Frontline Ltd. (NYSE: FRO) after a drastic January pullback and the more recent upturn. I’m going to go ahead and allocate 5% of the portfolio’s value to FRO shares today.
Just to recap, Frontline is an oil tanker/shipping company [...]
Posted: February 16th, 2010 at 4:06 pm EST
Sometimes stock prices make sense. Other times, hysteria and wild speculation takes over, and sends stock prices well above or below reason. In all cases of the latter though, eventually, the valuations are brought into line.
I suspect that was the case over the last month or so with aerospace and defense stocks. Prior to unveiling [...]
Posted: February 11th, 2010 at 10:54 am EST
I’ve been so busy talking about potential new picks and the health of the market lately that I haven’t had a chance to talk much about the actual portfolio. Just to get everyone up to speed, let’s do that today…. and for a specific reason. First things first though.
As of right now, we’re about 45% [...]
Posted: February 9th, 2010 at 11:56 pm EST
Though I still contend there’s more downside to play out before the ultimate bottom is hit, I’m starting to see more than a few interesting stocks pop up for technical-strength reasons. We’re going to add the two most interesting ones to the watchlist…. LCA-Vision Inc., and Insight Enterprises, Inc. Here’s a quick look at both.
Insight [...]
Posted: February 4th, 2010 at 12:01 pm EST
The support lines are being knocked down, slowly but surely. No index has been spared, suggesting there’s nowhere to hide…. this is a full-blown correction.
To really make this point (and to offer some perspective) I’ve plotted the Dow, the S&P 500, and the NASDAQ Composite on the chart below. I’ve also added two sets of [...]
Posted: February 2nd, 2010 at 4:13 pm EST
I’ve actually got two completely distinctive sets of images to look at today, though both should prove equally interesting to investors. The first set is a combination of two graphics that are telling us what’s going on within the world of handset (wireless) phones – including Apple’s (AAPL) contribution to cause. The second set is [...]
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