Quick Review.
Mr. Bush got the message.
Officially, as of this afternoon, Democrats got the control of both houses. (Ouch! for Republicans). This obviously changes things. Personally, I think the Republicans deserved what they got. Time for a change indeed.
The funny part is that these days Democrats act like Repulicans and vice versa. I am a big fan of the "Blue Dogs" among the Democrats. I am not a fan of the new Speaker of the House. I don't think that the Blue Dogs like her either. However, I wish the Democrats all the best. Enough said.
Back to business: this changes things. I do not believe that investors took into account that the Democrats would have the control of both houses. This is not a disaster per se but it is definately not what WE expected. Short term, the market will go down. Remember that I said short -term.
Traders: Initiate new QID positions. If the QID is trading at a high premium (like all ady today), try shorting the QLD instead. This is what I did today.
Quick thoughts about our holdings:
RICK: Are there anyone still without RICK? Buy now.
AUTO: Nice earnings. This will move up from here. Buy.
NTE: Next month we get a fat dividend again. New buyers - wait until the market settles. December maybe? before the ex-dividend date?
XMSR: Beautiful long term hold but wait a little to add more at better prices.
EXPEZ: We may see this one in the double digits soon.
IDWD: You read the news and tell me what you think. I am playing with the house money - quite a bit of it.
STMP: This is a value play. Keep adding on dips.
MIDS: I just placed an order to buy this again. As I have said before, I will keep adding to this everytime it goes down a dime or two. In about six months to a year, you will be pleasently surprised.
UTK: I am with the management of Utek on this. Cheap.
BTYH: This became my top three holdings. I am buying.
IGLD: This will hit new high for the rest of the year.
Got milk?
Officially, as of this afternoon, Democrats got the control of both houses. (Ouch! for Republicans). This obviously changes things. Personally, I think the Republicans deserved what they got. Time for a change indeed.
The funny part is that these days Democrats act like Repulicans and vice versa. I am a big fan of the "Blue Dogs" among the Democrats. I am not a fan of the new Speaker of the House. I don't think that the Blue Dogs like her either. However, I wish the Democrats all the best. Enough said.
Back to business: this changes things. I do not believe that investors took into account that the Democrats would have the control of both houses. This is not a disaster per se but it is definately not what WE expected. Short term, the market will go down. Remember that I said short -term.
Traders: Initiate new QID positions. If the QID is trading at a high premium (like all ady today), try shorting the QLD instead. This is what I did today.
Quick thoughts about our holdings:
RICK: Are there anyone still without RICK? Buy now.
AUTO: Nice earnings. This will move up from here. Buy.
NTE: Next month we get a fat dividend again. New buyers - wait until the market settles. December maybe? before the ex-dividend date?
XMSR: Beautiful long term hold but wait a little to add more at better prices.
EXPEZ: We may see this one in the double digits soon.
IDWD: You read the news and tell me what you think. I am playing with the house money - quite a bit of it.
STMP: This is a value play. Keep adding on dips.
MIDS: I just placed an order to buy this again. As I have said before, I will keep adding to this everytime it goes down a dime or two. In about six months to a year, you will be pleasently surprised.
UTK: I am with the management of Utek on this. Cheap.
BTYH: This became my top three holdings. I am buying.
IGLD: This will hit new high for the rest of the year.
Got milk?
posted by Jaewoo | 8:13 PM
2 Comments:
@Jaewoo,
EXPE released earnings today; and the shares went up 5% at a point and went red -1.7% during after market hours.
Anyways - overall, the profits for EXPE were down 25% compared to last year. What is view on their numbers for the quarter? Bullish, bearish, neutral?
-Jo
Jo:
Some amateur investors are selling EXPE based on the down numbers comapred to the prior. The important thing is that EXPE beat the Street Estimates. I expect EXPE to be much higher in the months ahead. BTW, didn't I say that I expect EXPEZ to be in the double digits soon? :)
Jo, I also just bought more of MIDS at $0.75 today. Remember this, MIDS is a same company whether it trades at $1 or $0.25/share. Having said that, since I am in the mode of buying, I am happy that it is falling. This is 6-12 month play.
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