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Strategies & Market Trends : Making Money is Main Objective
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To: Softechie who started this subject6/10/2002 5:39:15 PM
From: James1000   of 2155
 
Portfolio Update:
About three monday mornings ago I decided to short Intel at the open @ about $32 if it opened higher or flat, but not if it opened lower. Even worse, I was planning to load my portfolio with 20% Jan2004 term Intel put options. The thing opened maybe 50 cents down and so I really screwed myself there.

I shorted G at $38 and would recommend others do the same if/when it get chance. Gillette has significantly lower revenues than it did in 1997 and I suspect a weak dollar won't be enough to exceed 1997 revenues this year or next. The thing I like about the stock is that its ratios are sky high across the board: PEG, P/E, Price/Book, etc are all at the top of the charts.

I also bought MDCI @ $12.50 and would recommend it. I only own this stock because It is the best value in the medical sector, which is the only sector that won't see their earnings strongly deteriorate. It is valued about right and I suspect it will hit $17 within one year.

Basically, there is not a stock on the market I would consider a fantastic value. I did a value check I do every so often. Usually I find a few fantastic values. Unfortunately SPP @ $14 was right near the top. That one I bought in 1996 @ $6.50 and sold it the first time it hit $10. Basically its no longer a give-away value. The value ratings were the lowest I have ever seen. SPP and MDCI are valued about right, but still are probably going to go down while the Dow plummets to the 7,400 area this year.
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