Bill Wexler - tanned, rested, and ready to rock!!!!!
I'm back! I wasn't expecting to be home for another 4 days, but as fate and circumstances would have it, I had to come back to SF yesterday morning.
First, a quick review is in order:
Message 5870460
Message 5889437
Message 5874516
Message 5896909
Message 5891098
Message 5891286
Message 5891545
Message 5893226
Message 5893392
Message 5902861
Message 5918280
Message 5918191
Message 5921703
Message 5915487
Message 5929835
As I expected, stocks have started to climb higher in the face of dire economic predictions.
I believe that the market will continue higher. In fact, I believe we are going much higher.
There is absolutely no reason to sell any of my long picks. I continue to buy all of them. I read an article in TSC today which warmed my heart; Christopher Wood has declared that this recent rally was "the last hurrah" for Wall Street and that the "bear market has begun".
I believe I suggested buying CPU a few days ago. I can not stress how excited I am about this stock - now trading at a historically low PSR at a time when everyone hates retailers in general - and computer retailers in particular. I believe that a double in this stock is a layup...my only question is can it triple and surpass its old highs. I'm betting it can. CPU goes in my shopping basket along with my COST.
I recommended buying AMAT at 22. AMAT is now trading at 34. I still consider it a bargain. Continue buying. Same goes for NVLS.
CSCO - no brainer. Continue buying and holding for the long term.
BT, AXP, CCI - keep buyin' them.
That would cover my best long ideas for now - I have some other irons in the fire (e.g. I bought VC at 3 as a speculative turnaround), but I am most confident about the aforementioned stocks in particular.
As far as my short portfolio goes (ALTIF, HEPH, GBUR, DTLN, ZONA, REFR), I haven't changed my mind about any of these stocks - they are all crap, with ALTIF, HEPH and ZONA being outright frauds. Unfortunately, it is going to be difficult to short just about anything over the next few months. I won't be adding to any of these positions unless there is an extreme or unusual runup (e.g. ALTIF doubles on some silly rumor).
We are here to make money. Forget the shorting for now and concentrate on buying good companies. |
