This morning I made a few moves:
1st, I bought more Apple Inc. [[AAPL]] , then I bought more AAPL, then I sold a few positions to buy more AAPL. You see, I want to bath in this stock at these levels. You only get a few chances to buy a company like this on the cheap, and this is one of them.
2nd, I added to my position in [[UYG]] , I even bought a little Washington Mutual, Inc. [[WM]] @ 2.30, but please don’t tell Fly, he hates the company.
3rd, I decided to go out and buy more copper and gold via Freeport-McMoRan Copper & Gold Inc. Freeport-McMoRan Copper & Gold Inc. [[FCX]] . For some reason this stock is near and dear to me, maybe it’s because I use their parking garage when I’m at the Superdome watching my Saints, or maybe it’s because Fly likes the stock, or maybe it’s because the company is trading at an absurd valuation. Anyhow, I bought more.
Note: Akamai Technologies, Inc. [[AKAM]] Looks good above 17.45
update: The WM trade was dumb and Iām out as it looks like the company is dead. (see comments)
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Note: The WM trade was dumb and I’m out as it looks like the company is dead. The market should pull back here with this kind of action in the name.
I like FCX fundamentally also, but the action in the dry shippers makes me think it could get cheaper. Along with the coal stocks, I would think some of these guys will have a big red consolidation bullseye painted on them when they are this cheap.
I like it RageCage!!!
took some WFR under 31.
Watch AMZN here, love it above 72.
I added some AAPL here too.
Window dressing is going on … not a good idea to buy basic materials until the last hour on 30th!
calm before the storm, kinda excited to see which way this one goes. Feels a little like the stock is already pricing in bad expectations, people expecting the worst.. kind of like GOOG a quarter back before the huge jump after earnings.
RC, you going to hedge that AAPL trade with RIMM earnings tonight?
Check NVDA chart, looks ripe for a pop.
Love the call on FCX. Also think silver is going to explode going forward. Like SSRI, SLW, and MVG on the pull back.
OE,
No. I look at it as a win/win.
If RIMM disappoints it’s probably because AAPL is killing them at their own game.
If RIMM beats, Tech will run.
Top pick: AAPL
Cubs, notice VMW.
Yeah I sold VMW yesterday. I was not around this morning to grab it at $28 again š This is a must have stock if we are going to have a IT rally.
Your Saints?
So you must’ve been shocked! shocked! (in a Claude Raines-like fashion) that Shockey is out with yet another pussy injury.
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AAPL does look very good here.