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Bookkeeping: Getting Rid of This Morning's Downside Protection

Posted on 03/19/10 at 3:52pm
I was hoping for a move closer to S&P 1151-1152 when I put on the index shorts this morning on the break below 1160, but like a starved squirrel I am so very happy to find even a single acorn on the short side in this day and age.  Hence, I am going to take my 3-4ish acorns (3-4 S&P points) and run l
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Two Corporations Begin Run for Congress. Yes, I'm Serious.

Posted on 03/19/10 at 3:33pm
You'd think this headline was from the satirical website, The Onion - but indeed brave Americans, we have entered the next logical step in our corporaticy (is that a word?).  While a bit of a political stunt (kudos to the public relations firm), one can only imagine some corporations salivating at the thought.  That said, why bother?  Much better to continue the status quo & have
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Bookkeeping: Closing Seagate Technology (STX)

Posted on 03/19/10 at 11:37am
I am closing out Seagate Technology (STX) for non performance in a market gone ballistic.  It appears it is stuck being associated with Western Digital (WDC) whose chart is a mess.  HAL9000 no longer seems interested in these stocks with PEs in single digits (6ish for STX) as there are retailers with PE of 40+ to chase after.  You have to respect the microchips ev
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Bookkeeping: Short Maidenform Brands (MFB)

Posted on 03/19/10 at 11:13am
I've only chosen this name for the sport of it all [Mar 10, 2010: Some Stocks Have Not Gone Down in a Month] - I am short Maidenform Brands (MFB) @ $21.35 level, with a 3% allocation. Any move over recent highs (low $22s) will have me out with modest losses of 4%ish.
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Strategy For a Downside Move in the S&P 500: The Empire Strikes Back

Posted on 03/19/10 at 10:32am
I am going to employ a sequel to my strategy outlined Monday [Mar 15, 2010: Strategy For a Downside Move] except instead of striking when/if the S&P 500 breaks below 1140 (which it failed to do), move that figure up to 1160.  Indeed it's an identical set up...
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Bookkeeping: Buying Back TriQuint Semiconductor (TQNT) Sold Yesterday

Posted on 03/19/10 at 10:08am
I am simply trading around a core position in TriQuint Semiconductor (TQNT) as the stock has become a great vehicle to move in and out of, due to volatility.  By not going straight up with no rest, we can squeeze some extra monies out of the name.  Yesterday morning I punted 1/3rd of the p
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Dow Theory Confirmed as of Yesterday's Close

Posted on 03/19/10 at 9:30am
I am not sure if it's a moot point by this stage of the rally, but for those who still use Dow Theory - yesterday's close on the DJIA was a confirmation of good times ahead.  Disclosure: I only follow this measure very loosely. Via Bloomberg:
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[Video] The Daily Show: In Dodd We Trust

Posted on 03/19/10 at 9:00am
This is not so much 'funny' as it is sad and probably 'educational' to the masses who don't keep up with Wall Street's doings on a regular basis.  Luckily, Jon Stewart's research staff seem to have a pretty good handle on the wonderful state of affairs.  Judging from the quiet laughter in the crowd, it's either still above their head or all new information to them...
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Bookkeeping: Restarting Quality System (QSII)

Posted on 03/18/10 at 4:00pm
Quality Systems (QSII) broke over early March highs after being completely dead the past 5 weeks, so we'll see if we can catch a breakout here.  I tried the same idea with Braskem (BAK) and it has not worked at all as the stock stalled immediately after the breakout.  If QSII can rally from here, there should be no sweat until reaching $68.  I will begin with a 1.4% exposure in the $60.80s.
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Large Public Homebuilders Benefit from Tax Aid - Lobbyists Win Again

Posted on 03/18/10 at 3:23pm
One major fallout from this recession is the discrepancy of what has happened between small private companies and large public companies, in the same sector.  With the Federal Reserve shoving money into the capital markets there has been a flood of capital to deploy.  This is why, despite the worst recession in decades, there have been so few public company failures...
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