Very Happy today.....No big sell off.....2 great day trades....Interesting new positions added....Some that I sold yesterday had a very poor day...But some had a good day.... Todays Best Performers (better than 3%) EDAP(13.7%), BCGI(10.7%), MCZ(7.0%), RTI(6.9%), DNA(6.7%), EDGR(6.5%), PETC(4.9%), IIIN(4.7%), TGB(4.6%), AEG(4.2%), PPC(4.1%), AIQ(4.1%), KNBWY(3.3%), TDG(3.1%) Todays Worse Performers (Less than 3%) BDY(-3.0%), LEA(-3.1%), ASPN(-3.3%), AWC(4.0%), NXY(3.6%), AZK(-5.3%) Big Buying opportunity missed on ISE.....1 DAY CHART... Souldn't of sold MT (Mital Steel)---Biggest gainer I sold yesterday...(6.8% in last hour of the day)
Wow. You are a true inspiration. Thanks for sharing your wisdom with us. Going to spend a few hours studying your spreadsheet now...
Friday Excel Sheet Another 500K week, that's 2 in a row.....Best two weeks I have ever had ( $ Amount) Well here it is....Excel sheet is ready.... Still sitting on 25% CASH for MONDAY
I just got done replying to a personal message and decided to post the response in the old JOURNAL.... The best book I have ever read on investing was "The Intelligent Investor", by Benjamin Grahm originally published in 1949......In a nutshell the book takes a very long term approach to VALUE investing...It teaches one how to search, locate, and evaluate good values in the market....Most importantly it teaches one what to watch out for.....I for one am also a dividend investor....For this I would recommend "The Dividend Investor".....It's just a simple look at different equities and the performance through the good times and the bad times and how Dividend stocks performed during these fluctuating times....Once one understands the value of the dividend and it's ability to maintain longterm performance year over year, It almost makes owning stocks that don't pay a dividend an extreme gamble during recessions and downturns... I for one have also enjoyed the book "Rich Dad Poor Dad"....This book came along much later in my life, but reminded me of how I struggled to get to where I am today.....Just the understanding of what an ASSET/LIABILITY is....This is truly invaluable knowledge.... To actually be rich (No dollar amount justifies this, No paycheck determines this, and No portfolio size declares this) one's monthly assets must produce enough income to cover one's total monthly liabilities.....Once one has built their assets to this point, He/She no longer has to basically do anything except receive (Dividends, rent checks, or whatever income producing investments he/she has built throughout their life).... I for one still enjoy the daily challenge of the markets fluctuations and the challenge of finding long/short term investments.....I am retired now and have the ability to track my portfolio minute by minute which allows me to attack profits and minimize losses, But still all my phone/internet/insurance/electricity/gas BILLS, kids college tuition, TAXES, and Daily expenses are covered every month through the Dividend Payments I receive monthly/quarterly/yearly.....This is no big secret, but is the simplest form of retirement I know... $COSTAverageMAN
I may be buying protective puts or selling off equity this week, but I will not be short anything......I never short for the short term.....Only DCN in last 3 years was my only short....one because I had a great understanding of the industry and delphi which is actually run better than DCN was close to going under about the time I entered the Short Position....DCN (Dana Corp) had a key employee pass away many months ago and I knew that was "the straw that broke the camels back"....30+ years in the auto parts industry.....This is why I shorted, no better industry to short than these three companies Lear Corp, Dana Corp, and Delphi when the BIG 3 are in trouble...... I think LEA will pull out of this steep correction, because of the ties with many other Major Auto Producers and a diversified after market business. Also Valuations have come down so much, It could be a steal at this level....Purchased last week, But a very risky bet.... $COSTAverageMAN LEA 2 year chart
Excel Sheet Update....OOPS I left off XSNX sell on Friday....Only change from Other excel sheet.... 2006 Performance=39.687% 103 open winning positions 19 open losing positions 329 Closed winning positions 50 Closed losing positions 24% CASH POSITION 6.06% GOLD Position (Of Current Open Holdings) Best current open position: EDGR (EDGAR ONLINE) 132.2%----Position took off after they annouced they were going to include all of Chinese Equities on their site. EDAP (EDAPT ADR) 68.2%---- Best International position purchased in last 2 weeks....Engages in the development, production, and marketing of minimally invasive medical devices for urological diseases....Two great products: 1st--The HIFU division develops and markets devices for the minimally invasive destruction of certain types of localized tumors using HIFU technology.....2nd---The UDS division produces and commercializes medical equipment for the treatment of urinary tract stones using Extra-corporeal Shockwave Lithotripsy. Worst current open positions: EMT (Embratel Participacoes S.A.) -8.05%----Through its subsidiaries, primarily provides a range of telecommunications services to residential and corporate customers in Brazil. It offers long distance services, including domestic and international long distance services; data communication services, including Internet services; and local services, such as wireless local loop local telephone and broadband data services. Embratel also provides satellite services, such as network services, end-to-end telecommunications services, and radio and television broadcasting services to television broadcasters, cable operators, telecommunications service providers, and financial institutions. The company was formed in 1965 and is based in Rio de Janeiro, Brazil. $COSTAverageMAN EDAP 6Month Chart
Mid Day update Bought DVW-1.83 (ISP Provider) CAL-26.71 (Oil weakness) BWNG-13.30 (Fiber play) SID-30.80 (Brazil steel nice yield) AMR-27.13 (Oil Weakness) NYMX-3.59 (Pharma pullback from yesterday) IPSU-26.34 (Sugar play) CHAP-48.10 (Steel Momentum Play) GLBC-21.12 (Fiber Play) VIMC-17.49 (Semi play) BBC-16.55 (Chinese Chemical Co.--- Fertilizer enviromentally friendly) SOLD CHK-31.25 (Natural Gas) (1/2) CWPC-5.46 (Oil Sands) (1/3) ISRG-107.20 (ALL) RTI- 51.68 (1/2) NYMX-5.10 (1/2) (40% day trade.....BOOYA) Todays Best performers NYMX(33.7%),BBC(7.68%), BCGI(15.7%),RTI(8.7%),CWPC(6.5%), MCZ(4.9%),
I pointed to this move being made yesterday....The Insiders who knew about the good news posted this morning were buying it up by the blocks yesterday......I got my limit buy order when It dipped this morning and it never looked back.....Man when Telco/Fiber is hot, even the crap that made people broke in 2000 (IE...JDSU, CIEN, GLBC, BWNG, FTGX----Man out window style) can make great moves..... $COSTAverageMAN