Guys good morning. Since we launched over eighteen months ago, I admit I am much more dialed into market activity on a day to day basis. Not only is it a great way to make money, but daily market fluctuation is a great indicator of the state of our nation.
Dell's numbers were released this week and "revenue was mostly lower on sales to large businesses, which tumbled 23% from a year earlier. Small- and medium-sized businesses fell 19%... About 80% of Dell's sales come from business customers." Let the dust settle over the next few weeks and pay attention to Dell ramping up marketing for the holidays. Perhaps the stock will be in better shape for our next meeting.
HNT has crept up to touch $20/s, which equates to a 30% gain in our pockets (including selling commissions). Although some of us opted to sell the stock a few months ago, there was a time where we voted unanimously to purchase it. HNT is within pennies of its 52-week high, but I am not yet comfortable selling out of it. We bought into it originally to saddle up and ride out the health care socialization movement, but I wanted to bring its progress to our attention. Keep an eye on it and share feedback, as the holidays are a crazy time to watch the stock market.
Any ideas to throw some of our money market cash into another position? Maybe grab a single share of a low-cost blue chip? Are the days gone when we proactively talk turkey throughout the quarter or are we on hiatus until a week before our next meeting?
3 comments:
Dell rose nearly 10% in the time since our meeting on an upgrade from Goldman Sachs saying that Dell would be a key beneficiary of corporate purchasing and upgrading in 2010. On the earnings news today, Dell has tumbled back to where it was a month ago. You can look at this two ways... but I look at it as an opportunity to purchase dell at a discount. Keep in mind the company is still very profitable, and the play on it is if you think the economy will turn in 2010/11 then 80% of Dell's customer base will be looking to get their company's IT up to speed. Let's keep an eye on it for now and put it on our "watch list"
HNT... 30% is 30%. I'd take the 30%. I'd take 30% forever.
So no one else has an original thought on the matter? Is that what you do? You hang around a bar and recite some paragraphs to impress some girls and embarrass my friend?
Eight of our nine holdings are up tonight. Merry Christmas Clark- sh:tter's full...
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