All PPT member know my investing thesis is based upon three themes: tech via 4g names, commodities and foreign stocks. On occasion, because the market is so tempting, I venture off the plantation, trading in different sectors and industries—all represented by index’s created on The PPT. Recently, due to my fascination with Chinese slavery, I bought into [[HEAT]] , [[YONG]] and China Digital TV Holding Co., Ltd. [[STV]] . As soon as I bought them, I was richly rewarded with gains. Hell, it was so easy, I was thinking about raising sea lions and walking around in white robes, regardless of the temperature outside. I am sure you know what I mean.
Fast forward three weeks and I just sold them all for losses.
The lesson to be learned: Chicoms are volatile as a motherfucker. If your investment thesis is not related to Chicoms, there is no reason to sit around, waiting for them to rebound. With the proceeds, I will buy names that I am familiar with, names that I will add on dips, as opposed to blowing out.
With some of the proceeds, I bought Sears Holdings Corporation [[SHLD]] , Lennar Corporation [[LEN]] and SandRidge Energy Inc. [[SD]]
UPDATE: I added more SHLD, LEN and SD, crack addict, on the last vile, style. And, to no one’s surprise, I bought more Green Mountain Coffee Roasters Inc. [[GMCR]] .
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Yeah! Ditto anything The Fly says.
you have an “investing thesis???!!???”
Your mother is a half breed camel.
Yes I back that thesis. Go try it alwaysslooshing.
.. and she is richer than I am because she doesn’t know about your “thesis”
unlike me.
Yeah. “Blue Horeshoe loves Anacot Steel”
and Bluestar
It’s buy high sell low
Sorry I’m acting so goofy today. But the prolific success of anything The Fly or his “nearest and dearest” touch turning to gold makes me happy. It’s as if he himself has created a web site by the people for the people…. Hey wait!!
Just in time for Christmas 2009.’
A year ago we were all on soup lines!
Lovin life!
That scares me.
don’t be scared by success.
For the last couple of days the Chinese Slavery names have been underperforming, but I can’t seem to find any reason why? Better to take the small loss and re-position
Bernie:
FXI is dropping like a stone carrying many with it. Heard China is pulling back on Bank lending and are afraid of inflation in their RE market. they are due for a rate increase in second halfof 2010.
I thought mentioned VISN. Did you not buy into them? They are still sitting over 11.
VISN is a stubborn bitch refusing to BTFO.
I have very little of it but it is most annoying.
YONG was a loser and needed to be sold, well done.
When are you cleaning house and re-arrange your portfolio for the upcoming year? In other words, are you holding the same thesis for 2009, for the beginning of 2010?
it might change.
The AP says – “Home resales surged to the highest level in nearly three years, reflecting an extraordinary level of federal support that has pulled the housing market back from the worst downturn since the Great Depression”
Pulled the housing market back??? The bubble is not finished bursting my friends. We ain’t done yet. Maybe half way thru but not at the end thats for sure.
Not that anyone cares but I’ll post it anyway. I added to my GE shorts on Friday. Ive been shorting this ugly bitch since the day before earnings at 16.75. It’s a 12 dollar stock IMO. Short at will
we care. who says we don’t care?
ROFL