So far we have one Down & one Up day this week.....not bad considering we have moved UP from 1040 level....closing today @ 1098.87 level.....
Stocks which were UP 2% or more included BIDU,AGU,YGE,IBN,
PCLN,SNDK,TCK,JDSU,CIEN,JASO,STP.....
In my portfolio :
Bought AAPL @ $262.50
Portfolio is RVBD,AAPL.....
I may add one more stock on Thursday.....
AH futures UP
AH Asian market UP
AH Gold Down
AH Oil UP
BLOG does NOT give buy or sell.
Saleem
5 comments:
SALEEM
apple IS on fire
J Carmer again says $310 or better and hew put it on his to own list with conviction!
Slow money like apple too!
Apple may break out today again!
iPod sales are huge.
I am up 15% with MCD it's target is $90 should I sell some or all of position--We should all own some food stocks
Steel is goiung to go higher very soon--the economy is getting warm again. If they do NOT have another stimulas we will be ok
Best to all on this board
Saleem on a personal note how is Mother doing, my mother in law is 88 and is a little shacky-now a days!
SALEEM
Interesitng article- on shipping:
Overseas Shipping Group (OSG) has become quite attractively priced over the past few weeks. OSG is a leading bulk shipper of crude oil and petroleum products around the world, operating 113 vessels (with 15 more under construction). Their business is organized into four divisions: Crude Oil, Products, U.S. Flag and Gas. They also participate in five different “pools”, which are co-operatives of shipping companies that provide more efficient sourcing to customers by pooling resources.
We were attracted to them by their low debt, simple balance sheet and valuation. Demand for ships is obviously sensitive to global trade flows and commodity prices. In addition, they do an increasing amount of their business on the spot market rather than negotiating long term charters, which increases their sensitivity to short term rate fluctuations. Recent economic weakness has hit their stock price quite hard, and their 2Q10 time charter equivalent revenues (shipping revenues less voyage expenses) were down 7% producing a loss of $1.26 per share ($0.34 after extraordinary items). Consensus estimates for 2011 are that they’ll earn $2.14 per share.In 2008 they earned $10.71 a share.
OSG’s assets are mostly ships and cash. They own $3BN in ships (net of depreciation) which includes $614MM for ships under construction (paid for but not yet generating a return). They have negligible goodwill, so the accuracy of their stockholder’s equity really relates to the carrying value of their ships. OSG has been upgrading their fleet over the past several years and now only employs double-hulled vessels which puts them in a good position to deal with the increased focus on environmental risks following the BP spill in GOM.
The average age of their fleet is under eight years, and last year they realized a $125MM gain on the sale of vessels so this supports their depreciation rates and carrying value (though they did report a $25MM loss on ship sales during the first half of 2010). We’ve done our own calculations on resale value of their fleet and we think it’s probably worth closer to $3.5BN so we can draw some further comfort from that.
Hi C,
My health is fine & my 81 year old mother is in good health..mother is staying with my sister in Kentwood MI.
Your mother in law @ age of 88 entails dealing with health challenges & how to cope with it.My mother listens to my suggestions of dealing with her health challenges.
Many stocks are looking good as rally is taking hold.
MCD you should keep for long term..15% is a small gain..go for @ least 50% with MCD.
IF growrh is there Steel,Copper should go UP.
Saleem
Solar seem to be inching downwards after a good run up. I plan on entering solar after 5% -10% correction.
Rumors have surfaced recently on takeover of BRCD. Also MU and TER have been beaten down a lot which could see the reversal.
Any thoughts on solar and tech stocks?
Market is overbought on many positive news.
Many stocks are pulling back after reaching new highs today...
Solar is among the most "overbought" sector....
Buy & trade strong stocks not weak ones..yes they are expensive but they make you money very quickly..imho
Saleem
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