...sign of our times...

Upon being handed a journal as a gift, a nine year-old asks his mom what it was. The mom says that it was a notebook to record his thoughts and feelings, every day. The kid replies, "You mean, it is a blog...on paper." Reader's Digest, Oct 2008 issue


Current Stock/Options pix

Hello,

This is meant only for me and a few friends. Pls do not construe this to be advice. Always act according to your reasoning and feelings. Not mine.

Anyway, the stocks I am watching now…

C, BAC, AZK, GLD and JAV

C, BAC

Until the big banks figure out with the US Govt. how to handle their losses, the banking sector will be in an unmistakable downtrend (see XLF, even though it is not banking sector alone, it is in the same domain)

There might be a temporary spike, but C and BAC have to come to terms with their losses, changed consumer conditions, still slippery slope the ecomnomy is on, new owner (Uncle Sam). There is a reason the market is not valuing C higher, and that reason is hidden from the public view. For example, see JPM, it has recovered well.

So, I am short C, considering BAC.
My pick is Mar 2010, Put options, $4 strike. I got in at $0.44. I might add to this posn.

AZK

Nice small gold miner. Production is in full swing. Tied to the price of gold. Now that gold is starting to make new highs, AZK is

- posted Nov 9, 11:24 in