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CMGI....Not yet but maybe now as 1.45 is resistance from June......revenue's up, profit took a hit because of one time charge for a closed business segment so that shouldn't repeat and net income should be up next report if trend continues, and HPQ has stopped selling large chunks of stock because they have finally disposed of its remaining stake.....hmmmmmmm.....would like to see !.6 to 1.8 res level from Dec of '05....sell for sure there.
SUNW doing great......I think I will hang on to this puppy but need to decide if it is time to sell covered calls on it.....maybe $6 strike price......it is at relatively lofty levels here.
Wish I would have just purchased CSCO at $17 when I had the chance.....I sold the naked puts $15 strike price and will get a nice long term cap gain when they expire worthless but would have made a mint if I would have just bought the stock.....oh well, smaller cap risk means smaller gain....I have done this one multiple times but CSCO not coming back down to earth anytime soon.
Now is JDSU would just pull its head out.....POS.
Originally posted by bigfrank
What a great day so far. John I hope you did not sell CMGI. Up close to 15 cents right now at near a $1.45.
"If a Nation expects to be ignorant and free in a state of civilization, it expects what never was and never will be.... If we are to guard against ignorance and remain free, it is the responsibility of every American to be informed." -- Thomas Jefferson to Col. Yancey, 1816
Now I received my Divedend from NYB and it was much greater than I calculated. I am very happy right now since I just got a nice Div and the stock is moving up even more. Up about another dime right now.
When is it time to sell MR Softie(Microsoft). Do I wait for $30 or is it going past that?
Christmas correction?.....is that supposed to come after the post-election correction?.....the talking heads are always talking about the reverse of where the market is going...and some day they will be right as the market goes in cycles.
The market is stronger now than what I expected....I have been expecting a correction for a bit now just based on how high the dow has gone....but the naz and s&p had some catching up to do....and they have now caught up. But I have not put my money into any puts as of now...thankfully.
The economy is relativily strong. Employment is strong. Housing should start to be a drag soon....but it seems consumers are still consuming even with the drag from high gas prices.
Oil continues to go down.....OPEC will not be making cuts.
The market seems to like the grid lock now that the dems and repubs have to share power....that has usually been a positive for the market.
My worries are still the geopolitical risk...Iran, Iraq, and North Korea.
What comes up must come down...wow dow at another record high....who knows?
"If a Nation expects to be ignorant and free in a state of civilization, it expects what never was and never will be.... If we are to guard against ignorance and remain free, it is the responsibility of every American to be informed." -- Thomas Jefferson to Col. Yancey, 1816
My biggest winner today was JDSU, It was near the end of the day up over a dollar. GTW was up and so is NYB. Microsoft is getting close to that $30 break out mark.
My biggest winner today was JDSU, It was near the end of the day up over a dollar. GTW was up and so is NYB. Microsoft is getting close to that $30 break out mark.
I am now looking at AETUF it is a Canadian energy stock that pays over a 10% Div. Stock was beaten up because of the Canadian goverment passed a tax law that caused this stock and many others to drop. Now there has been word that the Goverment might revoke the tax law that they passed. If thats the case the stock should jump back to $30 a share. Right now it is under
$20. What do you guys think?
I bought some Fording Canadian Coal Mining Trust stock about a month ago, 2 days before this announcement. Stock dropped by has pretty much rebounded. I think Fording's dividend is about 11%
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