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geokills
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Re: Stock Update for May 29, 2008 - NUE, SIRI [Re: Liquidkick]
#8470390 - 06/01/08 09:32 AM (15 years, 7 months ago) |
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That was an oddly placed comment...  Care to elaborate ya strangely aloof creature you?
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Re: Stock Update for May 29, 2008 - NUE, SIRI [Re: geokills]
#8470731 - 06/01/08 11:46 AM (15 years, 7 months ago) |
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definitly an odd comment
I doubt he'll explain further, that would be helping you - he doens't do that anymore.
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geokills
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Stock Update for June 2, 2008 - GS, SDS [Re: geokills]
#8476450 - 06/02/08 07:54 PM (15 years, 7 months ago) |
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- Goldman Sachs (GS) - Bought 12 shares @ $171.98
I am initiating a position in Goldman Sachs today, one of the premier financial institutions in the world, a global investment banking, securities and investment management firm. The S&P ratings service today cited weakness in investment banking and issued downgrades on many banks and brokerage firms. Even though nothing was lowered on Goldman Sachs (and another firm actually upgraded GS), the stock still got taken down with the rest of the sector during today's weakness, and I am using this as an opportunity to open a position. It is likely that Goldman is actually taking share from many of the weaker players in the industry, and while other investment and banking firms are struggling to raise capital through the issuance of new stock, Goldman will almost certainly not need to raise any additional capital because quite frankly, they didn't screw things up the way so many other banks did. With so many banks already shoring up their capital reserves, I have a feeling that we are close to a turning point in the financials. No doubt there will still be plenty of laggards, and it may take plenty of sideways action before we really start to see an uptrend; but a company such as Goldman, with its proven management team, should be able to weather this storm without incident and be stronger for it. I want to leg into this name early, and if the quarter comes in ugly and I get the chance to buy more lower, that's just what I intend to do.
- Ultra Short S&P500 ProShares (SDS) - Closed position at $57.70
I'm not sure where exactly the market is heading from here, but it is now slightly oversold due to its recent pullback last week, and with an expectation of new money coming in this month as CDs roll over and people are likely to decide that cash rates are just so bad that they may as well put their money into stock equity, I'm going to close this ultra short position for now. Perhaps its wishful thinking, but without any earnings news on deck, I think we'll probably just hang around these levels for a little while, and may even see an upward bias in the very near term. I've been hoarding a pretty huge cash position anyway, so if there are unforeseen drops to be had, I can use some of the cash to buy some of my favorite stocks on sale.
Discretionary Portfolio as of 6/2/2008: - 20% Cash
- 7% Yamana Gold (AUY)
- 7% Philip Morris (PM)
- 6.7% Schering-Plough (SGP)
- 6.2% Proctor & Gamble (PG)
- 6% Transocean (RIG)
- 5.4% Deere (DE)
- 5.2% CPFL Energia (CPL)
- 5.2% Sirius Satellite (SIRI)
- 5.2% McDonalds (MCD)
- 5.1% Altria (MO)
- 5% Nucor (NUE)
- 4.1% Hudson City Bank (HCBK)
- 3.7% Apple (AAPL)
- 2.9% Terex (TEX)
- 2.8% Goldman Sachs (GS)
- 2.5% Petrobras (PBR)
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Re: Stock Update for June 2, 2008 - GS, SDS [Re: geokills]
#8476640 - 06/02/08 08:31 PM (15 years, 7 months ago) |
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I truly enjoy reading your stock updates geo.
I know it's not exactly a 'class' or 'lesson' - but I'm picking up random tidbits of information that will undoubtedly come in handy in the not-too-distant future. I wish I had the income and time to dabble in the market to the extent that you do - and someday, i hopefully will.
Until then, i'll continue to live vicariously through reading your posts
Keep on keep'in on.
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geokills
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Stock Update for June 3, 2008 - SGP, CPL, SIRI [Re: memes]
#8479778 - 06/03/08 02:46 PM (15 years, 7 months ago) |
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Glad you're enjoying this meams. Sometimes I feel like I'm just spamming the hell out of this forum.  But if people totally stop responding, I suppose I could just move this over into my journal, since that's what it is... a stock journal!
- Schering-Plough (SGP) - Sold 50 shares @ $20.40
A well timed purchase on the day a national cardiologist conference recommended doctors stop prescribing SGP's number one cholesterol drug Vytorin; this position is now over 41% above my cost basis in only two months! I already sold some of these shares for a decent profit in April, but now that the shares are considerably higher still, it is time to protect another chunk of these gains. I still believe that Schering-Plough is undervalued due to the remaining panic surrounding its cholesterol drug franchise, and that it has a healthy pipeline of products in the works, including and especially Sugammadex, which provides for the fast reversal of effects of muscle relaxants used in general anesthesia. As recently as yesterday Sugammadex posted promising results from its Phase II and III clinical trials, showing that it is nine times faster acting than neostigmine (one of the current standard drugs for this procedure), and some 20 times faster than placebo. The safety data is also encouraging and this could bode very well for SGP's future profits if it is adopted worldwide, as it probably will be. Therefore, I am happy keeping my remaining 200 shares on the books, which equates to a 5.5% weighting in my portfolio.
- CPFL Energia (CPL) - Bought 15 shares @ $67.50
I am continuing to build my position in this exceptionally high yielding Brazilian electric generator/distributor. With Brazil's stable currency and the increasing affluence amongst its peoples, I am confident that over time CPFL Energia, the largest electric utility in the country, will continue to benefit from the increased demand for energy in that country. It probably will not show incredible gains over the short term, but with its 7.8% dividend yield at the current share price, I believe it will be well worth waiting around for.
- Sirius Satellite (SIRI) - Sold 400 shares @ $2.56
Though this position is currently some 9% below my average cost basis, this transaction is essentially null in terms of profit/loss, as I had purchased these 400 shares on April 10th at this same price. As noted in a recent update, I am growing weary of waiting around for the FCC approval regarding the XM/Sirius satellite radio merger, and given new technology on the horizon that may render satellite operators obsolete, I just don't feel much conviction for holding onto this position. I would of course like to unload these shares into strength, but my patience has been tried and I am slowly lightening up on this position. My intent is to close the position entirely within the next 2 - 4 weeks.
Discretionary Portfolio as of 6/3/2008:- 21.6% Cash
- 7% Philip Morris (PM)
- 6.8% Yamana Gold (AUY)
- 6.6% CPFL Energia (CPL)
- 6.2% Proctor & Gamble (PG)
- 5.8% Transocean (RIG)
- 5.6% Schering-Plough (SGP)
- 5.5% Deere (DE)
- 5.2% Altria (MO)
- 5.1% McDonalds (MCD)
- 5% Nucor Steel (NUE)
- 4% Hudson City Bank (HCBK)
- 3.9% Sirius Satellite (SIRI)
- 3.8% Apple (AAPL)
- 2.9% Terex (TEX)
- 2.8% Goldman Sachs (GS)
- 2.4% Petrobras (PBR)
PS. Toll Brothers (TOL), a high end home builder, reported better than expected earnings today, though they did still lose money. However, if not for the write-downs on account of decreased estimated property and home values, they would have turned a profit. The stock reacted favorably, and if the housing market can stabilize, this should bode extremely well for financial stocks. Many banks have had to raise capital by issuing new stock already, so the balance sheets of the most troubled banks have already been improving a bit. If housing stabilizes on top of this recent shoring up of capital, the dreaded mortgage-backed securities that got so many banks into trouble in the first place will finally regain some value and further help bolster their balance sheets. Banks still have adequate cash flows to allow for the payment and possibly even increasing of their dividends, and their core profit generators (deposit growth, loan growth, spreads and net interest income) remain intact and will in time turn more positively. With banks trading at multi-year lows, I am really liking the idea of legging into long positions over the next 6 months or so, while everyone is still deathly afraid of further weakness in the industry. These contrarian bets, while they can be risky, can also provide for excellent long-term value. This is why I just opened a position in Goldman Sachs (GS) yesterday, and am still holding my position in Hudson City Bank (HCBK). I am also considering adding a small position in Wells Fargo (WFC) in the coming weeks, preferably near $25 share.
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Ferris
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Re: Stock Update for June 3, 2008 - SGP, CPL, SIRI [Re: geokills]
#8482355 - 06/04/08 03:43 AM (15 years, 7 months ago) |
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I'm with Meams, keep em comin
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Terillius
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Re: Stock Update for June 3, 2008 - SGP, CPL, SIRI [Re: geokills]
#8485232 - 06/04/08 08:27 PM (15 years, 7 months ago) |
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I am a regular reader and have mirrored some of your positions in my experimentation with the market. Don't stop! I'm going to start calling you geoCramer... 
SGP was an awesome recommendation and has been a great diversification to my portfolio. I favor tech stocks because that is what I know, but SGP has been very stable gainer.
If I may suggest a stock of my own, look at Garmin (GRMN). Personal and Vehicle GPS is the next huge American toy. You can get one for $100 and a good one for $300. It has been in the dumps and is on the rise. I dream of Garmin powered iPod GPS features...
Also, Nvidia (NVDA). They are one of three major players in the mobile laptop graphics market. Intel makes the cheap basic stuff that just won't cut it for the HD generation and ATI (now part of AMD) lags in the mobile sector. NVDA just had a great quarter.
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geokills
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Stock Update for June 4, 2008 - TEX, SIRI [Re: Terillius]
#8487708 - 06/05/08 10:07 AM (15 years, 7 months ago) |
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Glad you're getting something out of this Terillius! SGP was the most perfectly timed trade I've made, getting in right at the bottom, and being able to trim handsome profits all the way up. I'm not ready to close the position however, and would suggest that any weakness that brings the stock close to $19 would make for another long term buying opportunity.
As a former shareholder of Garmin (GRMN), my problem is that they no longer offer an exclusive product. For years they were the go to name for all GPS needs, from car navigation to hand-held wilderness units. Unfortunately, GPS has become commoditized now that so many different devices are incorporating the technology. No longer do you have to go buy a Garmin unit, as more and more cell phones and multi-use products are planning to include GPS features (and indeed some already do, but they will only become more prolifant with time). You will see increasingly accurate GPS features on newer versions of the iPhone (there is already a crude version on existing models), and so you may just find an iPod with GPS too in the near future... however I doubt Garmin will be the beneficiary, as Apple has plenty of buying power to go direct to the chip makers and individual parts suppliers themself. Just my few cents. While their stock has taken a ruthless beating over the past several months and may be due for a near-term bounce, I just don't like the long-term fundamentals here because I simply cannot believe that Garmin will continue to grow nearly as fast as it has in the past, and decelerating growth is like the plague on Wall Street.
I haven't done any work on nVidia, so I will refrain from comment there.
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Edited by geokills (06/05/08 10:47 AM)
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TheGoodLife
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Re: Stock Update for June 4, 2008 - TEX, SIRI [Re: geokills]
#8488366 - 06/05/08 01:16 PM (15 years, 7 months ago) |
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We just got an LG air conditioner installed in our house to prepare for the summertime heat. Got me thinking about Korean corporations like LG, Samsung, and etc. You should learn korean and trade on the korean stock market. LOL The asian markets are pretty stable and if Jim Kramer did it, then you could do it too! But then you'd also get high blood pressure like him too. San Diego this weekend! whoo woo
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geokills
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Stock Update for June 5, 2008 - TEX, SIRI [Re: geokills]
#8488608 - 06/05/08 02:17 PM (15 years, 7 months ago) |
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On a general note, the market was fantastic today. Nucor Steel (NUE), the position I've been actively building since their secondary share offering late last month, is up almost 9% on raised profit guidance. It's good that I was quick to build a position, but I suppose I could have been even more agressive on this one! CPFL Energia (CPL) is also up a handsome 6% from where I bought additional shares yesterday! =]
- Sirius Satellite (SIRI) - Sold 500 shares @ $2.68
Sirius is climbing higher on news out of the FCC this morning that a decision on their XM merger should be forthcoming, by the end of the month. Unfortunately, the climb is on light volume and is still underperforming the average market, and the news out of the FCC seems a bit cautionary to me to boot. The stock has just breached its 20 and 50 day moving agerages (which are at the same level), and while it may be able to break out if the 20 day average moves decisively above the 50; Sirius has not been able to stay above its 50 day moving average for more that a few days at a time going all the way back to mid-December 2007. Not willing to hold out much longer, I am selling another chunk of 500 shares today. These are being sold at a loss of around 4%, which I think is well worth the peace of mind that will be attained through lightening up on this stressful position. I may hold onto my remaining 625 shares just to see what happens with the FCC news, but if there is significant strength leading up to it, I may just bail out completely.
- Terex (TEX) - Bought 20 shares @ $70.25
Terex is the only stock in my portfolio that was under pressure this morning, likely due to a downgrade on similar machinery stocks such as Caterpillar (CAT). While I am slightly concerned about their input costs (particularly steel), they are already trading at a discount to peers and just about to touch their 50 day moving average. This average has held as support for over three months now, and I am looking to increase my stake in this global manufacturer of construction and mining equipment. This is why, with shares some 3% below my average cost basis, I am adding to my position today on what I would consider misguided weakness due to unecessary downgrades on other names in the sector. Mining companies in particular have been seeing huge profits, and this should drive them to upgrade their equipment in order to increase capacity. Terex should be a direct beneficiary of these equipment upgrades.
Discretionary Portfolio as of 6/5/2008:- 21.1% Cash
- 6.9% Philip Morris (PM)
- 6.8% CPFL Energia (CPL)
- 6.7% Yamana Gold (AUY)
- 6.2% Proctor & Gamble (PG)
- 5.9% Transocean (RIG)
- 5.5% Schering-Plough (SGP)
- 5.5% Deere (DE)
- 5.3% Nucor Steel (NUE)
- 5.1% Altria (MO)
- 5.1% McDonalds (MCD)
- 4.7% Terex (TEX)
- 3.9% Hudson City Bank (HCBK)
- 3.8% Apple (AAPL)
- 2.8% Goldman Sachs (GS)
- 2.4% Petrobras (PBR)
- 2.2% Sirius Satellite (SIRI)
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Terillius
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Re: Stock Update for June 4, 2008 - TEX, SIRI [Re: geokills]
#8489505 - 06/05/08 06:08 PM (15 years, 7 months ago) |
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Quote:
geokills said: Unfortunately, GPS has become commoditized now that so many different devices are incorporating the technology.
That is a good message for me. I will have to investigate their competition. I work on pretty short terms being young and having a short attention span. At this point, 6 months from now seems like a very long time.
Freaking thanks for Nucor! I just barely jumped in before that huge rise today as part of my forceable diversification. I have to say that steel strikes me as quite boring. It wasn't today...
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geokills
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Stock Update for June 6, 2008 - AUY, TEX, BDK [Re: geokills]
#8493648 - 06/06/08 05:46 PM (15 years, 7 months ago) |
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Woe is me, what a horrendous day in the market - with the Dow Jones Average posting its 8th largest loss in history. What we gained so quickly yesterday, we lost just as easily today... and then some! All of the major market averages are off more than 3%, and I'm feelin' a little like a dunce for having sold out of my UltraShort S&P500 ProShares (SDS) position at the beginning of the week - which would have otherwise been showing me some relief in the face of all this red tape.
Unfortunately, my cautious optimism didn't prepare me for the employment report today which showed monthly unemployment jumping up to 5.5% from 5.0%, the biggest monthly jump since 1986, and right alongside a huge 8%+ rise in the price of crude oil (its largest dollar-move in history). I am shaken, but I am sticking to my disciplines by booking profits in one of the only stocks I have that was up today, and am using today's weakness to make (what I hope will be) smart purchases on the way down. To note, the damage today was swift and if crude oil continues to climb, the market will have considerable trouble putting in any gains in the near future. Thank god I've been hoarding cash, which helped me to feel a little more comfortable putting some of it to use today.
- Yamana Gold (AUY) - Sold 80 shares @ $15.45
I don't want to remove my exposure to this precious metal. But with the stock (at the time of my trade) up more than 3% on a day that had the market down some 2%, I decided to take a little piece of this off of the table. This had become my largest position, and having rallied some 25% off of its end of April low (5 weeks time), I felt it to be important to protect some capital here and bring the position down to a more manageable size, where I will feel comfortable adding to it should there be any future weakness.
- Terex (TEX) - Bought 15 shares @ $67.50
Arggggh! As most of you are aware, I purchased some shares in Terex yesterday, almost 5% higher than where the stock went out today. Since I still believe the company offers a very inexpensive valuation based upon its growth rate and its PE multiple, my discipline dictates that I must continue to buy this name on the way down. While there may be further weakness, my next by point won't be until the stock reaches $62. I like Terex largely because 70% of their business comes from outside of the US, where the rapid building of infrastructure remains intact. I also like the fact that they service the mining industry; and with materials being one of the few bright spots in this market, the companies which mine them should be making money hand over fist, and use some of that revenue to increase their ability to mine even more (i.e. through the purchase of newer and more efficient machinery). On the later point however, Bucyrus (BUCY) is much better positioned to benefit from mining expenditures, and this does have me wondering if I might want to swap out of Terex and into Bucyrus. The reason I haven't done so yet, is because Bucyrus has been shootin' the moon, and I quite frankly don't want to chase it. If BUCY can pull back to $70, I will give it serious consideration.
- Black & Decker (BDK) - Initiated a position of 50 shares @ $62.50
I had been involved with this stock earlier in the year, but decided it was too early and sold the position off soon after I had initiated it. B&D has a dominant market share in power tools: 74% of sales is power tools/accessories; 15% is hardware and home improvement; and 11% is fastening and assembly systems. About 60% revenues come from the US, 25% Europe, and the remainder throughout the rest of the world. The company is tied to the US housing market to some degree, but a good percentage is tied to the repair business. One-third of B&D's business comes from home improvement retailers Home Depot and Lowe's, and with Home Depot recently signaling that their business is stabilizing, this reflects positively on B&D. The company is in the midst of restructuring, controlling costs internally as well as implementing "bolt-on" acquisitions, or the purchase of companies that can easily be integrated into their current business model. The idea here is that B&D is an early-cycle play. That is, you want to get into this one before the economy takes a turn for the better, because as soon as the economy shows signs of strength, stocks like this one should take off. In the meantime if we do turn into a recession, this stock won't be going anywhere and may even continue to fall (though their restructuring and cost-control efforts should help reduce its earnings vulnerability). The company is creating good cash flow which has been used to buy back stock, offers a 2.7% annual dividend yield at the current share price, and is valued very cheaply at 11 times earnings, with 18% compound earnings growth since 2001 and 10% earnings per share growth over the past 12 months. A 42 cent quarterly dividend is available to shareholders as of June 11th (next wednesday).
Discretionary Portfolio as of 6/6/2008:- 17.6% Cash
- 6.8% Philip Morris (PM)
- 6.8% CPFL Energia (CPL)
- 6.2% Proctor & Gamble (PG)
- 5.9% Terex (TEX)
- 5.8% Transocean (RIG)
- 5.5% Deere (DE)
- 5.4% Schering-Plough (SGP)
- 5.4% Yamana Gold (AUY)
- 5.3% Nucor Steel (NUE)
- 5.1% Altria (MO)
- 5.1% McDonalds (MCD)
- 4.2% Black & Decker (BDK)
- 3.9% Hudson City Bank (HCBK)
- 3.8% Apple (AAPL)
- 2.8% Goldman Sachs (GS)
- 2.4% Petrobras (PBR)
- 2.2% Sirius Satellite (SIRI)
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-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
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Terillius
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Re: Stock Update for June 4, 2008 - TEX, SIRI [Re: Terillius]
#8493650 - 06/06/08 05:46 PM (15 years, 7 months ago) |
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Today:
Quote:
Hard hit were oil-sensitive groups, such as the transports and the retailers. There just wasn't any leadership. For some perspective, the energy sector, which declined 1.6%, was the best-performing sector today. All other sectors dropped at least 2.0%, yet none fell more than the financial sector, which declined 5.0%.
Is that desperate screaming I hear or just the soft desperate sigh of a dying nation? Damn the wallstreet rollercoaster!
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Ferris
PsychedelicJourneyman



Registered: 03/12/06
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Re: Stock Update for June 4, 2008 - TEX, SIRI [Re: Terillius]
#8495112 - 06/07/08 02:02 AM (15 years, 7 months ago) |
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I used today as an oppurtunity to learn a little about shorting. I hit the trigger early, about 15 minutes after open, and threw about 40% of my portfolio into shorting various airline stocks. While the other 60% dropped about 3-5%, the shorts offset that loss and I actually showed a small gain on the day.
Disclaimer: selling a stock short can carry extra risk
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geokills
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Stock Update for June 10, 2008 - AUY, NOV [Re: geokills]
#8508292 - 06/10/08 06:18 PM (15 years, 7 months ago) |
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Amazing how quickly the market can change direction. I really got caught in the headlights last Friday, and the pain has been slow to subside. I underperformed the average market today on account of my heavy exposure to oil, energy, and materials, which were out of favor even as the overall market held relatively steady. So while I've been getting rather crushed over the past few days, I believe in the long-term outlook for oil and energy, and on a day like today where these stocks are getting hammered, I believe the appropriate thing to do is to start using all that cash I've been saving.
- Yamana Gold (AUY) - Bought 80 shares @ $14.10
As you know, I sold these 80 shares just four days ago, when Yamana was trading at $15.45. I did that because the position had grown large in my portfolio, and the stock had shown incredible strength over the previous 4 - 5 weeks, rising some 25% off of its lows in that short expanse of time. It was a smart move, as today the stock was getting absolutely hammered on account of a strong dollar, which caused gold to let off some steam and dive down. With Yamana almost 9% below where I booked gains on those 80 shares I sold last week, I am putting that cash right back to work by trading around this core position.
- National Oilwell Varco (NOV) - Initiated a position at $82.49
I've been salivating over this stock for some time... and though it hasn't become as cheap as I would like, I'm not sure it's going to, given oil's relentless strength. These guys provide equipment and components used in oil and gas drilling and production operations, oilfield services, and supply chain integration services to the upstream oil and gas industry. I firmly believe that rich oil companies will have no choice but to continue upgrading and buying new drilling equipment in order to satisfy global demand. This is especially true after Petrobras (PBR), the Brazilian oil outfit noted last month that it is looking to buy up nearly every deepwater drilling contract available past 2010 (likely to get at the HUGE find off the coast of Brazil that has been largely responsible for PBR's sharp rise since December). All in all, I believe NOV is well positioned to benefit from the frenzy to find oil. Supply and demand is really tight, and until we can build up oil inventories, companies will continue to do everything they can to find more. Currently some 6.5% off of its high (set last week), I can only hope that this one will come in further so I can buy more lower.
- 13.3% Cash
- 6.8% Philip Morris (PM)
- 6.6% CPFL Energia (CPL)
- 6.5% Yamana Gold (AUY)
- 6.4% Proctor & Gamble (PG)
- 6.0% Transocean (RIG)
- 5.9% Terex (TEX)
- 5.6% Deere (DE)
- 5.4% Schering-Plough (SGP)
- 5.4% McDonalds (MCD)
- 5.2% Nucor Steel (NUE)
- 5.0% Altria (MO)
- 4.2% Black & Decker (BDK)
- 3.9% Hudson City Bank (HCBK)
- 3.8% Apple (AAPL)
- 2.9% National Oilwell Varco (NOV)
- 2.7% Goldman Sachs (GS)
- 2.4% Petrobras (PBR)
- 2.2% Sirius Satellite (SIRI)
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-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
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geokills
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Stock Update for June 11th & 12th, 2008 - TEX, PM, DE [Re: geokills]
#8516639 - 06/12/08 06:27 PM (15 years, 7 months ago) |
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What a trecherous week this has been. We got a little bit of relief today, but the positive opening this morning gave way to selling pressure throughout the afternoon. Ending the day on a sour note is always disappointing, as some of the heaviest trading volume (and therefore the most significant direction indicator) occurs during the last hour of the day. I lightened up on a position and picked away at some positions that have been getting beaten, but all in all it has been a depressing week.
- Terex (TEX) - Bought 18 shares @ $63.25
If I've ever poorly timed a purchase, this has got to be one of the worst! I started scaling into Terex last month, with the stock at $73. It has since fallen more than 13% from where I began buying, and I've kept buying on the way down. The company is a quality manufacturer with 70% of its business outside of the US. It is also quite cheap given the company's growth rate. However, relentlessly rising input costs are a definite concern. Nevertheless, I believe there will be upside to these shares in the long-term, which is why I am continuing to average down. I will note that I have pondered taking a quick turn on my Terex position and plowing these funds instead into Deere. But with Terex trading at less than 10x PE, it seems way too cheap and I want to give this holding a chance to perform. It is a little dicey though, and with all the cost averaging, this has now grown to become my largest position. I don't believe that the fundamentals can deteriorate much more, but if the shares fail to show any strength, I must remember that it is OK to sell at a loss in order to preserve my capital.
- Philip Morris (PM) - Sold 25 shares @ $50.51
This had become one of my largest positions, and having been up 2% on the day (and above my cost basis), I decided to lighten up a bit. I still believe that the company has the potential to snap up a whole lot of market share overseas, but I wanted to replenish some of my cash reserves in order to fund the other two purchases I am making in the beaten up capital goods space.
- Deere (DE) - Bought 13 shares @ $80
Another name that's getting beaten up. Deere shares some similarities with Terex, save that Deere services mainly the agricultural industry, whereas Terex services the mining and infrastructure industries. I believe that farmers will continue to upgrade their equipment in order to increase productivity and therefore profits. Deere builds some of the best farm equipment out there and ships worldwide. While shares may be weak in the meantime, I believe the long-term story here is fantastic.
- 12.2% Cash
- 7.3% Terex (TEX)
- 6.8% Deere (DE)
- 6.6% CPFL Energia (CPL)
- 6.6% Yamana Gold (AUY)
- 6.5% Proctor & Gamble (PG)
- 6.0% Transocean (RIG)
- 5.4% Schering-Plough (SGP)
- 5.4% McDonalds (MCD)
- 5.3% Philip Morris (PM)
- 5.1% Nucor Steel (NUE)
- 5.0% Altria (MO)
- 4.1% Black & Decker (BDK)
- 3.9% Hudson City Bank (HCBK)
- 3.6% Apple (AAPL)
- 2.8% National Oilwell Varco (NOV)
- 2.8% Goldman Sachs (GS)
- 2.4% Petrobras (PBR)
- 2.1% Sirius Satellite (SIRI)
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-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
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AroundtheSon
Learning to See



Registered: 01/11/07
Posts: 4,427
Loc: Midwest.
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Re: Stock Update for June 11th & 12th, 2008 - TEX, PM, DE [Re: geokills]
#8516857 - 06/12/08 07:22 PM (15 years, 7 months ago) |
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Who do you trade with, and how much does it cost?
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Ferris
PsychedelicJourneyman



Registered: 03/12/06
Posts: 11,529
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Re: Stock Update for June 11th & 12th, 2008 - TEX, PM, DE [Re: AroundtheSon]
#8516895 - 06/12/08 07:32 PM (15 years, 7 months ago) |
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Take a look at TPX (Tempurpedic Matresses). It's near a 52 week low.
-------------------- Discuss Politics
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AroundtheSon
Learning to See



Registered: 01/11/07
Posts: 4,427
Loc: Midwest.
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Re: Stock Update for June 11th & 12th, 2008 - TEX, PM, DE [Re: Ferris]
#8516910 - 06/12/08 07:36 PM (15 years, 7 months ago) |
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Who can afford a nice bed during times like these?
Who do you trade with?
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Ferris
PsychedelicJourneyman



Registered: 03/12/06
Posts: 11,529
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Re: Stock Update for June 11th & 12th, 2008 - TEX, PM, DE [Re: AroundtheSon]
#8516973 - 06/12/08 07:53 PM (15 years, 7 months ago) |
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I made 5% on it today before it dropped again 
Of course the stock is down, but they're earnings are in line with analysts predictions, and there are rumors that insiders have been picking it up and holding on.
I use JP Morgan
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