Saturday, May 1, 2010

0 For The Century

Pre-call thoughts:
  1. Do Not Pass Go- Rule against immediately selling PWX. Although we're still at double-digit profits, the stock is down 5% since Wednesday. Call me greedy, but I'm not ready to pull the trigger for a Monday open.
  2. Turnovers Cost Us The Game- Lack of communication resulted in whiffing on two 20% wins. Then, we call a special meeting and everyone ignores the noontime submission deadline. We're making the same mistakes too regularly. Why?
  3. EuroTrash- Greeks today protested the proposed $165b bailout, fearing that budget cuts for federal employees would worsen an already crippled economy. In unrelated news, Google announced this week that they are pulling out of China, spiking Baidu by $90 in a single day! If we're going foreign, check out China Security & Surveillance Technology (CSR) trading at a modest $5.95/s.
I'm anxious to hear everyone's take. Unfortunately, the overall energy level of TM has declined in the last six months. It's unfortunate, as there are so many good buys out there that we have been a part of (we can tell our kids "I remember selling BAC for $31/s and buying it for $6/s in the same year). I'm just afraid the rut we're in will cause us to miss out even more.

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