XMSR: on the move
XM Satellite Radio (XMSR) got a "Outperform" rating from Credit Sussie today and the stock jumped 9.43%. If you read my August 22nd note on XM, I specifically said that Wall Street houses will issue "Buy" ratings in coming weeks. Let me tell you something else, another house will issue favorable rating again in coming weeks. Technically speaking, XMSR is in a fantastic shape; it just sliced a 100-day moving average on huge volume (over 28 million shares). For those of you who did not buy yet, it is not too late yet. Buy now and enjoy the fruits later.
Another piece of good news. Rick's Cabaret (RICK) moved above $7 again for the third time this year. I hope the third time is a charm. RICK is also sitting above 100-day moving average. The business great, cash flow is fantastic and as I said many times before, this will be much higher later. It is our largest holding and I hope you all own this. It's a shame if you don't own this while reading Acetrader blog. Go and get it.
Some of you are not sure about my decision to not sell Martek (MATK) when it fell 20%+ a few days ago. In fact, I told you to buy at this levels (read my note dated 9/7). Let me just tell you this: the new CEO of MATK , Mr. Steve Dubin ust bought substantial amont of stock using his own money. This increased his direct holdings by more than 40%. Who better knows the company other than the CEO himself? A year from now, those who didn't join this party will have much to regret.
The new gismo from Microsoft "Zune" seems to be a worthy competitor to the "i-pod" at $300 each. I personally own two ipods. I love'em. Apple is a great company. They are coming out with other "stuff" for us to buy more of its goods. These types of competition by 800 pound gorillas is good for us. The "Free market" system is by far the best path to prosperity.
I love America. Good nite.
P.S: Yes, I am still suffering from my mouth sores. I now have about ten white spots on my tongue, uner my tongue, side of my tongue and on my inner cheeks as well. It hurts to talk never mind eating anything. This is just one of many side-effects of Chemo therapy. Yet another reason for all of you to "thank God" for not giving you such challenges. What do I thank God for? I thank God that he did not give me "Brain cancer" or "Tongue cancer" (these are much worse than my colon cancer: it makes what I go through seem like a walk in the park). Understand?
Another piece of good news. Rick's Cabaret (RICK) moved above $7 again for the third time this year. I hope the third time is a charm. RICK is also sitting above 100-day moving average. The business great, cash flow is fantastic and as I said many times before, this will be much higher later. It is our largest holding and I hope you all own this. It's a shame if you don't own this while reading Acetrader blog. Go and get it.
Some of you are not sure about my decision to not sell Martek (MATK) when it fell 20%+ a few days ago. In fact, I told you to buy at this levels (read my note dated 9/7). Let me just tell you this: the new CEO of MATK , Mr. Steve Dubin ust bought substantial amont of stock using his own money. This increased his direct holdings by more than 40%. Who better knows the company other than the CEO himself? A year from now, those who didn't join this party will have much to regret.
The new gismo from Microsoft "Zune" seems to be a worthy competitor to the "i-pod" at $300 each. I personally own two ipods. I love'em. Apple is a great company. They are coming out with other "stuff" for us to buy more of its goods. These types of competition by 800 pound gorillas is good for us. The "Free market" system is by far the best path to prosperity.
I love America. Good nite.
P.S: Yes, I am still suffering from my mouth sores. I now have about ten white spots on my tongue, uner my tongue, side of my tongue and on my inner cheeks as well. It hurts to talk never mind eating anything. This is just one of many side-effects of Chemo therapy. Yet another reason for all of you to "thank God" for not giving you such challenges. What do I thank God for? I thank God that he did not give me "Brain cancer" or "Tongue cancer" (these are much worse than my colon cancer: it makes what I go through seem like a walk in the park). Understand?
posted by Jaewoo | 9:14 PM
2 Comments:
Yes, when i saw the XMSR upgrade i remembered what you wrote a few weeks ago. Good call!
Anyways - i had a question about NTE dividends. The yield for NTE is currently listed as 12.60% on Yahoo finance. Is this accurate? And they do they pay it at the end of the year?
If the yield is actually that much (>10%), then i see buying NTE now as a no-brainer. Very limited down-side (because of the safety net of the dividend). Or i am missing something here??
-Joseph
Jo:
I was going to write about NTE today. Wait and read it. But to cut to the chase, buy NTE now...
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