So Google got worked last Friday, I'm most likely initiating another third on them if they should drop more. OMTR just got absolutely obliterated in after-market trading today after their earnings release....down 15%! So the question is, will I buy more OMTR?! Most likely not. I've initiated two of my three thirds on them, so I'm definitely gonna wait for a larger hit before I "back-up the truck."
Much much better opportunities out there at this moment...
Wednesday, July 23, 2008
Wednesday, July 16, 2008
Preferred BEST!
I recently pulled the trigger on this great Exchange Traded Fund (ETF) that I recently discovered from an article I read on Morningstar.com. The article pretty much sums it up on why I invested in the Powershares Financial Preferred Portfolio ETF (PGF). I really wanted to get into the financial sector since it's dropped so heavily, but was fearful about more negative news and as a result more downward sloping charts. PGF basically hedges me against that since it purchase preferred stock.*
*Preferred stock is basically a stock that acts like a bond. If a company were to go bankrupt, bondholders would be paid first and then preferred stockholders. Common stockholders would be last, and normally they get paid ZERO.
So why an ETF? Choosing which company would pull through this U.S. mortgage crisis is like throwing darts at a dart board! Fortunately PGF hedges me against that. Yes, the gains may not be as great, but ETF significantly lowers my risk and may still return some decent gains as long as the overall sector does well. Also, the low expense fees (compared to that of most mutual funds) is niiiiiiice.
*Preferred stock is basically a stock that acts like a bond. If a company were to go bankrupt, bondholders would be paid first and then preferred stockholders. Common stockholders would be last, and normally they get paid ZERO.
So why an ETF? Choosing which company would pull through this U.S. mortgage crisis is like throwing darts at a dart board! Fortunately PGF hedges me against that. Yes, the gains may not be as great, but ETF significantly lowers my risk and may still return some decent gains as long as the overall sector does well. Also, the low expense fees (compared to that of most mutual funds) is niiiiiiice.
Tuesday, July 08, 2008
ENERGY OVERLOAD!!!
Just sold my energy stocks, it's a little late for it since it's been "dropping like it's hot" recently. I think I'll be staying away from FSLR from now on, I've made nice profits off of them in the short term, but I believe companies such as Nanosolar may win them out in the long run. I think going for an ETF such as QCLN will be a better play for me in the future.
I will definitely be repurchasing ATW in the future though, I really like this company and it doesn't hurt that it's a TMFSA recommendation. Again, the energy sector is out of favor at the moment and I will be re-appropriating those funds to better investments.
Let's hope for a good earnings season, but I have a bad feeling it'll be gloomy (look at VMW today, EEK!).
I will definitely be repurchasing ATW in the future though, I really like this company and it doesn't hurt that it's a TMFSA recommendation. Again, the energy sector is out of favor at the moment and I will be re-appropriating those funds to better investments.
Let's hope for a good earnings season, but I have a bad feeling it'll be gloomy (look at VMW today, EEK!).
Monday, July 07, 2008
blah la la la la la la
I'm trying my best to ignore the portfolio today. My dreams from last week have yet to materialize, maybe I shouldn't have told anyone about them until they came true! I've literally resorted to actually doing some work at work (I'm usually tracking my portfolio news for the majority of the morning), looking at non-stock related sites (such as this), and of course, writing in this blog. Oh well, let the madness ensue. I'm still seriously considering buying NVDA, but I didn't have a chance to crunch the numbers this weekend (lucky for me they're down a little more today).
Thursday, July 03, 2008
Watchlist update...
I've been having dreams about my portfolio recently, getting 1-2% gains nightly. In last night's dream it was up 7% in just one day! But alas, the exact opposite has happened (I'm obviously no psychic!).
As a matter of fact, it's pretty darn ugly out there at the moment (like my ex-gf with no make-up, eek!). I've been only watching the news feeds and playing CAPS the past couple of weeks, basically distracting myself to help me ignore the daily horror!
Seriously, my portfolio has fallen quite significantly with the latest dip. We're even past the lows hit earlier this March (Victor was right, I hate him). What to do, what to do!?!?! My conscious is telling me to sell everything and lock in the measly 2% gain that I'm still up. So I do the exact opposite. I'm updating my watchlists (mainly with long-term value plays) and will prolly trigger thirds in existing positions.
A couple of suggestions to watch, Nvidia (NASDAQ: NVDA) was hammered hard today on poor Q2 earnings outlook. They also screwed up their packaging and some pre-gen cards were damaged during shipments. Not very good press out there on them at the moment, but these are the exact opportunities I look for when determining an optimal entry point. Nvidia has surpassed ATI as the dominant player in the video graphics market, and I see a Intel vs AMD relationship between the two top companies. I'm doing some number crunching this weekend to see if this 30% drop this weekend was justified.
Another watchlist add would be Coach (NYSE: COH). Retail has been hit hard and although COH is increasing market share in Asia, their stock has been bent over and taken it hard. Again, a little more research won't hurt before triggering, but I might be initiating my last third in COH very soon.
Finally, I really like how Lloyd's TSB Group plc (NYSE: LYG) is looking from a valuation perspective. Although an international play and not tied to subprime mortgages, it's been punished all the same since it belongs to the same sector as Bank of America, Citigroup, etc. They've yet to cut their dividend so I think we'll be seeing some nice margins even if the price remains stagnant. Besides a dividend cut, global-wide economic downturn is also a concern therefore I'm keeping this play on the bench for now. I'd like to see how Great Britain is affected by the U.S. recession before taking a swing here (If you ever noticed, CAPS is like my Triple A baseball and my portfolio is the MLB).
Well, that's enough homework to do for the long Independence Day weekend, enjoy the fireworks everyone!
As a matter of fact, it's pretty darn ugly out there at the moment (like my ex-gf with no make-up, eek!). I've been only watching the news feeds and playing CAPS the past couple of weeks, basically distracting myself to help me ignore the daily horror!
Seriously, my portfolio has fallen quite significantly with the latest dip. We're even past the lows hit earlier this March (Victor was right, I hate him). What to do, what to do!?!?! My conscious is telling me to sell everything and lock in the measly 2% gain that I'm still up. So I do the exact opposite. I'm updating my watchlists (mainly with long-term value plays) and will prolly trigger thirds in existing positions.
A couple of suggestions to watch, Nvidia (NASDAQ: NVDA) was hammered hard today on poor Q2 earnings outlook. They also screwed up their packaging and some pre-gen cards were damaged during shipments. Not very good press out there on them at the moment, but these are the exact opportunities I look for when determining an optimal entry point. Nvidia has surpassed ATI as the dominant player in the video graphics market, and I see a Intel vs AMD relationship between the two top companies. I'm doing some number crunching this weekend to see if this 30% drop this weekend was justified.
Another watchlist add would be Coach (NYSE: COH). Retail has been hit hard and although COH is increasing market share in Asia, their stock has been bent over and taken it hard. Again, a little more research won't hurt before triggering, but I might be initiating my last third in COH very soon.
Finally, I really like how Lloyd's TSB Group plc (NYSE: LYG) is looking from a valuation perspective. Although an international play and not tied to subprime mortgages, it's been punished all the same since it belongs to the same sector as Bank of America, Citigroup, etc. They've yet to cut their dividend so I think we'll be seeing some nice margins even if the price remains stagnant. Besides a dividend cut, global-wide economic downturn is also a concern therefore I'm keeping this play on the bench for now. I'd like to see how Great Britain is affected by the U.S. recession before taking a swing here (If you ever noticed, CAPS is like my Triple A baseball and my portfolio is the MLB).
Well, that's enough homework to do for the long Independence Day weekend, enjoy the fireworks everyone!
Tuesday, July 01, 2008
Gaga for Google
I just bought my second third of Google today. Price was decent and I'm only up 15% from my previous buy. I'm hoping for an upbeat earnings report, if it's the opposite then I plan on initiating my last third in this great company.
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