Interesting picks AINV, TKR, and NNBR. I thought AINV was making a potential bottom a while ago in Feb, got a bad feeling on it, so I ditched it as I chickened before damage was done.
The only thing I have had any success with has been shorts and puts, among them AGP, WLP, APOL, CI, CYH, CDR, WYNN. Despite some positive signs for the market just 2 days hasn't yet totally convinced me that this current rally will get much farther than to a point where people become believers again. A load of pundits, newsletter writers, and media now have called the bottom. That's a little scary. May be good for a decent push up, but maybe not as the market will get short term overbought again. I'm hopeful, but still a bit hesitant to go whole hog. If it's the real deal on this rally, there will be plenty of time and jumping the gun to catch the knife is not my speed. I want to have more confidence in the sustainability of the market move.
I bought some puts on PCLN the other day. It got some help today. Looks overvalued to me. But everything seems market and index dependent still, more so than individual fundamentals.
This is a wild one but numbers don't lie when it comes to valuation unless they are phony and the stock is worth considerably less.
finance.yahoo.com
CSTR is another I recently took a flier on with some downside possibilities.
finance.yahoo.com
Amazing how mixed the market is with undervaluation and overvaluation running side by side.
This all likely has little to do with value investing, but so far fighting a down market on a treadmill to oblivion hasn't worked either. Just my thoughts on the big guessing game. |
