Smoke On The Water

Could what's happening behind closed doors at BOA/Countrywide come back to haunt the thriving bank?

AXAS A Question And We Have An Answer

Simple concept- we roll the dice on a SmallCap stock, the stock spikes 68% and we sell for a $92 total profit. I motion we sell Abraxas while it sits at its 52-week high, bank the profits and move to the next one.

Who loves BJ's?

BJ's Wholesale Club Inc. (NYSE: BJ) is planning to auction itself off to the highest bidder, according to a Bloomberg News report.

Bloomberg cited three unnamed sources, who reported that the decision was made after BJ's received an offer from private equity firm Leonard Green and Partners.

The Natick, Mass.-based company has not yet commented on the report.

BJ's Wholesale Club operates 191 stores nationally, including 20 stores in Massachusetts.

BJ's employs about 25,000 people

http://www.bizjournals.com/boston/news/2010/11/10/report-bjs-up-for-sale.html?ed=2010-11-10&s=article_du&ana=e_du_pub

Nine percent? Yahoo!

Guys Yahoo! is up 5% today on takeover rumors. As a result, the stock is up 3% YTD. Experts think going private is the only way the company can trim the fat and restructure. Any thoughts on banking 9% including buy/sell commission and unloading it?

http://cnnmoney.mobi/wk_snarticle?articleId=urn:newsml:CNNMoney.com:20101109:thebuzz:1&category=cnnm_business

revisiting PWX

fellas - last time PWX was trading in the 13's we passed a motion to sell. Due to a Zecco error of some sort, the sale never went through. If it had, we could have bought back in at $11.70-$11.80 and be reselling now.

How does everyone feel about this? If it is the same way, then we should try to do the same thing again now - sell our position, and immediately place a limit purchase to buy it again at $11.88. Historically unless something big happens PWX won't be shooting up much higher than $13.50 where it is now.

Kinect the dots..

Guys - I've been thinking about this since Saturday but keep forgetting to post.
I think we should consider investing some money market into Microsoft (MSFT). Tomorrow, Microsoft XBOX launches "Kinect" which is their response to the Wii. Sony has released one too - but microsoft has something different... the player IS the controller.. making it the first system that will have technology allowing the player to interact without even holding a controller.

I foresee it being a holiday season winner and think MSFT will sell tons of units through Q1. Even if this isn't the case, the company presents a fair value now compared to it's prices this year and could be a strong tech play for us in the long run.