|
<<off topic>> BillyG, My office has been without power for the last two days (some sort of electrical failure within the building) and I've been without net access and going through withdrawals. Holy smokes, what happened to RMBS? And the better question is, were you in it at the time?
Motley Fool says the H&Q info was not new, but it was perceived that way by the momentum crowd. fool.yahoo.com
This sounds like they are talking about CYMI: Buying a company that has taken a hit because of a one-time factor or
some sort of pricing concerns, where the market has sold it off way
below its intrinsic value, can hurt you once in while because you're the
last schmuck to know the industry really does stink. But in most cases,
buying a stock below intrinsic value in information arbitrage is safer
and just as profitable as playing the information arbitrage game with
companies that have already factored in the best-case scenario.
I'm hoping the semi manufacturing industry doew not stink, and CYMI will see better days once earnings come out. Of course, I'm hoping the same for CUBE.
Too bad you won't be in HK, would have been fun.
I hear the rainy season is underway in Bali and the bugs are fierce (but I was talking to a travel agent that wanted to stick me in the Four Seasons, so she might be a little bug-averse). Can't wait to get there again, I leave tomorrow for HK, the following Sunday for Bali.
Don't let anything bad happen to the market while I'm away ... ;-)
Peter |
