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The Stock Room page 24 |
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(Continued from page 23) apppro’s take for 06/18/2007 @2:00 pm EST: Boy oh boy do I hate AA!!!!!!! “Alcoa stock hits 6-year high…” And the Amazing 1 better friggen’ not give me his, “Move on!” crapolla or I’ll cut his tiny little peepee off. _______________________________________ apppro’s take for 06/16/2007 @5:00 pm EST: Since the market has been a real gamble lately anyway I figured why not just go for the real thing, so I bought some more casino & gaming stocks. I’m already been getting demolished with SGMG.OB, and I am flat with PGIC. Now I’m getting creamed with MPEL. The amazing 1 said he bought some mainly because that Adami idiot liked it. He also got a recommendation from a park rat and that just goes to show you. MPEL did get a good pop on Friday, but that was mainly because private equity took out Penn.
Please check out the new Casino & Gaming stock listings on page 2. I also added them to my Quote Page. _______________________________________ apppro’s take for 05/18/2007 @8:00 am EST: The ‘cookieman’ emailed me a request to post a link to this article on ‘The Consumerist’. After some truly difficult and irksome reading I finally figured out what they were trying to get across: Invest in companies which have products and/or services that people like. Well, duh!!!!!!!!!!!!!!!!!!!!!!!!!!!! _______________________________________ apppro’s take for 05/17/2007 @9:00 am EST: Fine, my view on many things may just be a tiny bit negative! I wasn’t always this way; its just 7 years of divorce lawyers and self-righteous judges can do that to you. But now to the subject at hand. All these private equity buyouts just seem a little bit too convenient for a very small group of individuals. I guess I could go on forever about how these buyout/private equity deals create nothing. All they do is transfer cash from one overly rich asshole to another. Nothing is made – no new ideas are created – no new products are conceived. What I do see happening is that a small group of individuals buy a large amount of an under priced company’s stock. They spread the ownership out over several people / offshore companies, so there’s no need to declare beneficial ownership. They then get their ‘Private Equity’ firm buddies to buy out the stock at a 22% or more premium with “Other Peoples’ Money”. Nice! Am I cynical or what! _______________________________________ apppro’s take for 04/25/2007 @8:00 am EST: Man was I smart selling Amazon in early 2001 at $7.00 to buy Enron. What a !?&#en’ genius! Anyway, I did pick up some CVS back in January at $31 right after Cramer started to bash it over the Caremark acquisition. That was better. I bought some Jet Blue yesterday. The earnings weren’t that bad, and it seemed beaten up enough at $10.55. Now back to my reality, this market is still looking for the ‘Big One’. _______________________________________ apppro’s take for 04/01/2007 @6:00 pm EST: No April’s Fool here. I’ve been here, however I haven’t posted because—well I was just too bored. Talking to myself is not my idea of fun. If you want to post something, the blog back link above is still active. _______________________________________ apppro’s take for 11/12/2006 @9:00 am EST: I’m not sure about you, but what really pisses me off is when stuff like this happens. As you may remember I blew it by not buying some homebuilders even after I had already called a bottom in August. Just the other day I even went as far as to say that they may retest those lows. I’ve been waiting patiently for them to do just that, especially the XHB. This week they were all getting back to my buy points and then for no reason they all went nutso on Friday:
Yeah, yeah, yeah—I know that you really can’t and shouldn’t be trying to pick the bottom (or the top for that matter), but damn it—I have this all consuming need to be damn close to it. Oh well, back to the drawing board! _______________________________________ apppro’s take for 11/08/2006 @8:00 am EST: Just a quick post election blog. While the futures are way down, I think this election hype is meaningless for the long term. While there are election trades, I am not selling my STEM now. I bought it for long term – the damn stuff just better work – I’m not selling! There is just 1 thing, however. Even though I’m from the 60’s generation, I’ve got to say that Nancy Pelosi scares the crap out of moi! _______________________________________ apppro’s take for 10/31/2006 @8:00 am EST: “Water, water everywhere and not a drop to drink.” AWR looks interesting. They just raised their dividend by 4.4% and it’s now close to 3% APR—nice. The chart also looks great with a definite uptrend established 2 years ago. The only thing that I don’t like is that fabulous chart—close to the 52 week, if not an all-time high. I prefer beaten up stocks–personal thing-so I’m still looking at CTWS. What I do like about all of these are that you can buy something in your own backyard. Gives me a warm, fuzzy feeling to know exactly what and where I am investing in. Touchy, feely syndrome. You think? And go Michael J. Fox!!!!!!!!!! Every time you shake it up on TV (so to speak), my stemcell stock (STEM) goes up another 5%. I know, not very politically correct am I! _______________________________________ apppro’s take for 10/28/2006 @1:00 pm EST: Hi everyone, Happy Halloween! I know – it’s been a while. I’ve been busy and honestly, sometimes I feel like I’m just talking to myself. I see by my page hit & visit statistics that there are a lot of you out there watching; but being tied up, left in the corner and ignored, is just not my idea of fun. Boo-hoo!!!!!!!!! So, what happened to my so-called shortie inspired sell off? Good question, wish I had a good answer. I just have to assume that there are a lot of short sellers out there taking a real bath. However, if the one whose name I will not mention is correct and this last 1500 points is due to a return of “momentum investors”; well that bodes just as poorly. Those guys can pull out just as quickly as they jump in. Just look at what they did to the chip sector on Friday. I still think that we’re way overdue for the big one, so you better be putting in some good stop orders just to cover your pretty little ass. (For the cookieman who has some weird preferences I better say: big fat chunky ass.) I wish I had listened to myself 2 months ago and bought the homebuilders. Nice 10% recovery since then. Now I just have to sit back and see what happens. Too much of a risk to retest the summer lows on those puppies. I am looking at some water stocks now. One thing is for sure: people will always want oil, BUT they will always NEED WATER! I put together a list of potential buys, so if anyone has any thoughts please use the blog-back link above. I did put in a bid on CTWS Friday for a small start position, but it didn’t get filled. No rush! Why CTWS, because I’m from the Tri-State Area and they pay a nice 4% dividend. Otherwise, no other reason. “Buy 1st—research later!” _______________________________________________ apppro’s take for 09/20/2006 @8:00 am EST: The Amazing 1 IM’d yesterday screaming for me to buy Yahoo at $25.40. I pooh-poohed him. Then the person whom I will no longer mention, said he bought it at $25.38. YHOO is trading above $26 this AM. We’ll see. (BTW – This is some lightening up we’re doing!) The shorts still have power. Just look at what they did to SIRI yesterday on bullshit rumors. Don’t let that $4.5 billion hedge fund loss let you think they’ve lost their will. As one of those guys on “Fast Money” said last night—if we don’t have an UP day today after the good Oracle earnings, then we’ll really need to worry! As a side note, 1 of my skater friends emailed me some very interesting comments on Heelys’ skates. I can’t really repeat them, because for some ridiculous reason he doesn’t want to have them posted. “Bitter, bitter, bitter!” (Private joke.) _______________________________________________ apppro’s feedback for 09/17/2006 @10:00 am EST: All right, I was a little hysterical the other day, but the Cramer makes me so coo-coo. Here are a few site links so you can check out the products for yourself. “Buy and then research!” I was wrong about Skechers having the in-shoe wheel 1st. The Skechers’ skate is a full 4 wheeled skate attached to the sneaker bottom, and not the same as the Heelys. I could not find it on their web site, but I do see that Skechers is now knocking off the Crocs’ sandal. Uh oh! _______________________________________________ apppro’s take for 09/15/2006 @7:00 pm EST: Hey Cramer you dingbat – those sneakers with built-in wheels have been around for ages. You said to buy the Heelys IPO (?) – well didn’t Skechers come out with those sneakers over 2 years ago? In any event – how does he have the balls to hype crapolla like that! I wonder how much of the IPO did he get at the Insider Price ? What a croc! And I don’t mean the sandals. So, did I get the sell off wrong? Yes? No? This constant run up even has me questioning it. I still think that the shorties are going to have their day, again. In reality, so much liquidity is tied up with hedge funds and shorts that the market needs for them to make a profit. It’s only fair you know. I told you that I have sold quite a bit, but then I went and bought some AA. Not bad, I’m up, but it wasn’t the plan. The Amazing 1 told me that he lightened up more today, and I questioned it. It’s just that I get soooooooo jealous when I see other crap going up and I’m sitting on cash. It actually makes me more crazed then if I own something and it goes down. Sick - you think? Oh, did I call the bottom for the homebuilders in my 8/30/06 blog, or what! _______________________________________________ apppro’s take for 09/12/2006 @8:30 am EST: I didn’t invent it, but it really sucks that Yahoo Finance announced this morning that they will be starting a “financial/stock blog”! Asswipes! While I’m venting, let me spend a few moments on Cramer. When PFE was $22, Cramer kept saying that it really sucked; and he bashed it and bashed it. All the while it crept back to $26, Cramer said it was a real POS. Now that it’s back to $27 he loves it. Same with oil. As it went over $70 he was in love, all the while he recommended stocks like CVX and NOV (among many others). Now oil is giving some back and may settle at $60. (Oil stocks are still cheap.) Cramer has joined the penguin parade and NOW says sell everything you have. I sure would like to take a peek at that so-called Charitable Trust to see when he was actually buying PFE and selling his oil.
Well, there goes my plan. Just couldn’t sit back and do nothing, so I bought AA at $27.35 - $1.15 below my target price. Not sure how smart that was, but emotions took over yesterday. (Or should I say stupidity took over!) Have you seen the homebuilders lately? That was a missed opportunity for sure. I think I bought AA because I was pissed about not buying any of the homebuilders.
“You can check-out any time you want, but you can never leave.” _______________________________________________ apppro’s take for 09/06/2006 @5:00 pm EST: Hope you all had a nice Labor Day Holiday. I skated a lot once the NYC weather cleared up from the remnants of Ernesto. I also went to see “Little Miss Sunshine”, but enough with my boring social life. Does it feel like it’s starting? I’ve been selling, but still have more then I would like. At least after that 5 point move on PAY last week, I’m now up 6% YTD and somewhat happy. Unfortunately I have too many stocks left that are vulnerable and my 6% can turn back to 0% real fast. I really should just take my loses on these and hold onto the 6%, but OINK..OINK!!!!!! HOV is getting close to the target $, but I’m not buying. (Crap! I just checked after hours!) The trio of crap – CAR..H..WYN are turning into a true House of Pain. Boy, do I hate that phrase. Sorry! _______________________________________________ apppro’s take for 08/30/2006 @6:30 pm EST: Well I hope you’ve been using this gift to get out of things. The Amazing one and I have both been lightening up. Rarely, if ever do we agree; but this time the stars are in alignment and we’re on the same path to salvation. There is always something else you can buy, or there is always something you can buy back; so don’t blow this opportunity. Just my humble opinion. Naturally, I have my eyes open and am now looking at the beaten down homebuilders as a possible new purchase. The Amazing one thinks that HOV is a good buy at $24.50. Can’t say that I disagree. Holly crap! Twice in this century we agree! “This could be heaven or this could be hell.” _______________________________________________ apppro’s take for 08/17/2006 @8:30 am EST: FYI saved by a dovish PPI & CPI. They sent the shorts looking for cover. Excuse the pun. I really want to say it’s all BS, but I’ve been told that I’m being a little too negative. Fine! 230 points in the DOW since Monday: YIPPEEEEEEE! Happy now? We broke through major resistance on the S&P at 1290 to close at 1295. Does it matter – No. The rally was wide spread across all sectors. Does that matter – No. Earnings were good this past quarter. Does that matter – No. So what does matter, the FED? Big shit! So they raise or not, not going to mean shit in the long run. All that really matters is how the shorts react to it. Right now they’re running scared and are feeding on each other. Don’t worry, they’ll regroup and stick it to all of us. I still predict a downturn to 10,300 and if being realistic is negative, well then that’s just the way I see it. Use this upswing to get out and take profit. At least put in some conservative Stop Limit Sell orders to protect your ass. Good luck! ____________________________________________________________ apppro’s take for 08/10/2006 @5:00 pm EST: I mentioned to the Amazing one that I have had a lot of web-site hits since I gave out my Cendant spreadsheet. I told him that I was getting a real following and was the next “Warren Buffet”. He IM’d me back that it was more like a “breakfast buffet”. Good one! _______________________________________________ apppro’s email to Cendant 08/10/2006 @8:30 am EST: Dear CD,
The entire situation made by your rather horrible spin-off decision is now out of control, but more importantly - out of your control. You should have never done it and I should have sold out long ago.
But in any event - YOU CANNOT CONTROL THE MARKET - by using a REVERSE SPLIT! They don't work. All you are doing is giving shorts more wiggle room. The stock price will just settle back to where it was before the split. THAT'S WHERE THE MARKET WANTS IT, so don't further compound past mistakes by taking away stock from investors. All that will happen is 2 weeks after the reverse - the stock price will be just where it was before AND I'll own a 10th of the shares.
STOP THE STUPIDITY NOW!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Unhappy investor, ………….... _______________________________________________ apppro’s take for 08/08/2006 @6:00 pm EST: For better or for worse, today I started to fulfill my destiny. I sold all my PFE & WRES. Not at the high of the day, but at least above where they closed. I sold ½ of my MOT before the Fed announcement at the high, hoping for a larger bounce after. As usual, it went in the other direction, so I’m still stuck in that one. The rest of my crap is not at a sell position yet. Now what? Don’t get me wrong; I do think that what the Fed does is important. However, in the bigger scheme of things, I do think that what the Hedge Funds (a.k.a. shorts) do is even more important. I still think that the shorties have not had enough of their way, and the market is going to succumb to their will. This is especially true with the August doldrums on hand. But since I can’t stay still, I do like AA here. I like it even better at $28.00. I have also put PAY back onto my short list. I actually would have bought it today, but I didn’t like the $.90 pop it had. I’ll wait for $23, or $22.50 would be even better. Side Bar: I heard on CNBC someone mention that they had spoken to a Cendant executive and asked why the stock was down so much since the spin-off. They had no answer! Well, until someone takes Henry Silverman out into the parking lot and puts him (and us) out of his misery; well the 3 stocks – CD, H, & WYN are going nowhere but down. It is curious though, that at this $12.69 level, we are now at the price that Cramer said “private equity” would come in for a leveraged buyout. _______________________________________________ apppro’s take for 08/06/2006@10:00 am EST: Another one of those weeks. One second everything is great and the next - the end of the world is approaching. Just look at Friday’s volatility. We started off in 7th heaven over a lower then expected jobs report. People think that if the Fed stops (Continued on page 25) |
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