BAGAKOAA November 3, 2009 Putting the stocks to bed
November 3, 2009 Putting the stocks to bed
British Airways is playing down a possible crew strike. An article in the WSJ mentioned this news about the fact a crew strike of British Airways crew might go on strike. I have had a few chances to fly BA. A strike might not be a bad thing.
The Unite Union might be doing the crew a favor getting a
Anyway, the day was a great day. I bought some more Jan $15.00 Ebay Options. Added to my Intel position even though they are getting beat up in the press. And color me stupid but I added to my already huge position in
Before I close and let you go to bed, one of our readers asked me about his big position in GE. Well I say reader because he gets the e-mails, but if he was reading this blog he had a good idea how I feel about GE. It is a great 7-8 dollar stock selling at 14.00 a share. However, if you look at what is going on with NBC and Comcast, forgetting that if the deal is done it’s a debt on debt deal you can looking at a break up value of GE in the 22-26 dollars a share range. It is the only thing positive I could say about GE. I recommended they reduce there GE percentage from 50% to 10 % if they really like it.
I had a note from someone on Stockpickr.com ask me what made me think I was so smart. I am not so smart, Right there under that gorgeous picture of me on this blog is not a disclaimer, but a true blue fact. Here it is,
“I am not a professional investment advisor. Anybody reading my blog and investing accordingly must be out of their minds. I have made more money than I have lost. There are many more qualified people than I to actually tell you how to invest your money.”
I am having a good time and making a couple of bucks. I hope you are reading this because occasionally I share “Other’s” good idea in a cute and sometimes funny way. Come on, the Yankee thing was cute and original. Anyway this Stockpickr person asked what stocks I am doing well in. Which is really kinda dumb as I could make up anything, but as of closing earlier today GLD my Gold ETF is up 13%, IBM has me up 18%, GSK is up 11% (Major kick this week because of the Lupus drug), a January $55.00 call on BP is up 44%, and my long position on the stock BP is up 11%. My unrealized gain is 3.32%. I did, as I mentioned, got stopped out of quite a few large profitable position last week.