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Newsflashr, Nantucket and update on the markets
By Rob | May 29, 2008
Just came back from Nantucket. Great trip. Expensive place and fun people. Which begs the question, how do we make money, and pay them upcoming summer vacations? I tell you what: today was a classic day of window-dressing for the mutual funds and they bought the most popular stocks in the past 5 months. You just cannot read too much into this picture and I would advise wait for the first week of June to get a real clear picture.
Before I move onto the charts, I want you to check out Newsflashr, an awesome blog-tracking real time site that features the most popular investment/trading blogs on the Internet. It is a site with great features, where you can track your favorite financial writers daily. I suggest you use it often, as the firm behind is consistently at work, to make it better for you. They also have an another cool site called Instantbull, which tracks hot stocks in the message boards. Highly recommended as well.
This below is a chart from Trader Mark, showing that we are still below most important moving averages, however, still holding ok in a consolidation form around 1400.
That said, Apple (AAPL) got upgraded on Goldman’s list and now has a target price of $220 which I totally believe is totally normal, because I am a big fan of its products. Another stock I am closely watching, and which appears to be bottoming is Las Vegas Sands (LVS), which has some great exposure to Macau properties. Another potential play I am looking into is long Amazon.com (AMZN) and short Netflix (NFLX). However, since Amazon has an iffy momentum, maybe long Apple instead. In addition , there is a Brazilian company i like called Aracruz (ARA), which is a good play on higher pulp prices and pulp and paper sector consolidation. The firm is also a great acquisition candidate, however wait for a little pullback to buy and don’t pay more then $109/share. Last, there are bunch of companies that I will add on my weekly newsletter that are seeing some upward potential from higher oil prices. These companies are not in the oil business, but will benefit from all the innovations that are being created around this global energy crisis
So here are a few more pics of our trip to Nantucket, showing Sky-captain Jay, and then Boston, Nantucket from above and finally the party hugs. P.S. Don’t forget, just last week, Yahoo Finance started showing free real-time stock quotes.
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Topics: Uncategorized |
May 29th, 2008 at 7:14 pm
Hey man just wondering your thoughts on the PTM you bought awhile back its been getting hit kinda hard, what do you think? Double down?
May 29th, 2008 at 8:07 pm
I think Platinum(PTM) will continue to go higher into 2010. However, we have to expect as with any market to have corrections. Today all commodities got killed with some exceptions. Money moved into Health Care, and some Financials. Keep in mind, this week is window-dressing event, but still, the call for Health Care and Pharmaceuticals was valid based on low valuations.
May 30th, 2008 at 4:35 pm
Thanks!