Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

Scattered Views


For pure informational purposes, the "dark side" read on Phelps Dodge (PD) is now in the history books. My call hedges are being FedEx'ed to Toddo for expiration burial.

Infospace (INSP) is slated to make an appearance in charting textbooks as the definition of a "Boo Wedg(i)e". I say that with utmost confidence now that the stock is cratering.

Conversely, Apple (AAPL) peeked out of the flag that Collins has been waving for a while. Kudos to this new bubble-baby if it can manage to romp despite the tape.

The "defense" names have been giving Hoofy the business for a few sessions, and they got the batons out today. Unless I missed a declaration of worldwide peace, there may be some babies in the bath-water. The WSJ suggests that about $15 billion being clipped from the Air Force / Navy wings (pun intended) will find its way to the Army, and, if I understand it correctly, this will be incremental money. Engineered Support Systems (EASI) jumps out as a potential beneficiary, but this one has had a hell of a ramp already and I am scared to chase it.

Out of deference for the one Holiday shopping experience that actually gave me a feeling of satisfaction I legged into some Williams-Sonoma (WSM). Every store I visited looking for the perfect carrot-peeler was packed with people forking over their plastic. The chart does not look too good (the dandruff gives me pause), but there is all kinds of support nearby (200 DMA and a big base of August break-out). The valuation is at the low end of its historic range, and, anecdotally inventories look to be in good shape (if anything they might have been short a few items). Raymond James shares the love for those with access to its research. As ALWAYS THIS IS NOT - NEVER IS - ADVICE; just making a record to look like a fool later on.
< Previous
  • 1
Next >
Positions in PD, WSM, AAPL
The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.
Featured Videos