Paul,
<<<Did you not say, or perhaps I am inferring, that you use this site for ideas for shorting?>>>
I think the only company where I've actually bought puts after seeing it mentioned here was PHSY. Otherwise, any comment was probably an observation that most of the "value" picks I was seeing for awhile kept getting to be better values after they were mentioned. At the same time, I've seen a few companies mentioned that really did strike me as seriously under valued. I know you follow a lot of different companies, and that your strategy is basically value oriented. I guess I was curious if you had a handfull of favorites, or if you had a few where the current price didn't make sense based on fundamentals.
There are a lot of things about the market and the economy that have me more than a little bearish at present. For example, today's report on consumer debt levels has me scratching my head in pure wonder that the Dow didn't drop several hundred points. Add that to a 5.7% unemployment rate, record level bankruptcies, defaults, delinquencies and foreclosures, and well... I just can't get too excited about owning stock right now. At the same time I'm bookmarking a few things for a wish list if the market eventually forms a bottom. |
