Thursday, January 11, 2007
Sitting in the slow lane
Well, I'm watching everyone and the market zoom right by me. All my shit is in stall mode right now. I expect FRO and CZN to trade pretty flat since they are high dividend stocks. FRO is low right now and may be good to buy more. DB is flat, but just went through a huge run, I expect them to announce a hike in their dividend in the next couple of months which will boost their price short term again.
As for trading, AMGN is flatlined. I just bought some AA, they are projecting a good year and have room for their stock to move at least 20% this year. I also recently purchased some PFE, looking for a 10% flip within 8 weeks. I'm out by the end of February if it doesn't move. I also just shorted some SNE, Playstation 3, not so hot and their TV reviews aren't so good. I like SONY products, but stock is overpriced right now.
I need to do more homework, right now I don't see any good prospects. Still think HD is a good prospect, even with crappy real estate economy.
Communications is the way to go this year. I've been up in the air as to buy T or VZ, think I just have to buck up and pick one.
As for trading, AMGN is flatlined. I just bought some AA, they are projecting a good year and have room for their stock to move at least 20% this year. I also recently purchased some PFE, looking for a 10% flip within 8 weeks. I'm out by the end of February if it doesn't move. I also just shorted some SNE, Playstation 3, not so hot and their TV reviews aren't so good. I like SONY products, but stock is overpriced right now.
I need to do more homework, right now I don't see any good prospects. Still think HD is a good prospect, even with crappy real estate economy.
Communications is the way to go this year. I've been up in the air as to buy T or VZ, think I just have to buck up and pick one.
