Genworth - good but sold

GNW 4/29/2005

You know, I like GNW. I wanted to see this sucker go up to $35. However, I saw something today that made me a little nervous. You see where that red circle is up there on the chart. Too choppy for me. The price is flirting with the 50 Day MA. The stock does not know what it wants to do. I would rather stand on the sidelines and wait for it to figure this out then hold on and cross my fingers. I sold, made a tiny profit.

Corning (GLW) - sold off huge today but came back to finish about flat for the day. That shows some pretty good strenth. I expect this stock to creep up over the next couple months. The stock had done nada for a long time but finally broke out of a trading range. Espect good things as a result.

PIR & HAWK updates - going down down down

PIR

I remember talking about PIR earlier and things are pretty much turning out as I expected. Actually, I am a little surprised that PIR has not done better given that Warren Buffett's company owns some of the equity. Well, maybe I am right about the Target theory (you can buy the same crap in Target... at a lower price.)



HAWK

Remember, I spoke about the bearish divergence? The stock is sinking, which is not surprising. The stock just did not have the power to move it forward. The institutions came in but even they could not move this puppy up. It was good that I sold...

I am short on apples!!!

AAPL 4/27/2005

A good buddy of mine just bought an iPod. He is pretty tech savvy but not one to buy into fads. So when I saw him go out and buy one of these memory machines, I knew that the iPod must be "mainstream." So, what does Apple have up its sleeve now? Some kind of new computer called the Tiger? I actually don't know and you probably are correct in telling me to shut-up. However, do you remember when AAPL was a computer company (only), before the iPod? Do you remember what the stock was trading at? $13-14 a share. So, now that the iPod run is over, AAPL is back to computers. I wonder where the stock price will go?

I shorted this at $36.55. So, I don't think this sucker is going up.

4/22/2005 - AIG yes... NO. not yet.

AIG 4/22/05 daily


4/22/05 AIG weekly

I was looking at AIG the other day and it looked pretty interesting. The daily chart looks like a bulling divergence. The stock was making recent new lows but the MACD Hist was above the 0 line. However, the weekly chart did not show that bullish divergence. It shows a much different story. The MACD hist was making a new low! I would not buy now. I was close though.

Any thoughts?

04/14/2005 - HAWK - update

04/14/2005 - HAWK

You remember that I had bought HAWK and then sold the stock. Looks like the Bearish Divergence that I mentioned is starting to play out now. This stock was too risky to hold based on its technicals. Better to sell and preserve your capital.

04/14/2005 - AAPL - update

AAPL 4/14/2005

You may recall that I had a broker call me trying to sell me AAPL reverse convertible bonds. I politely declined. I just could not see AAPL continuing its climb that it has had over the last couple years. The broker even said that the retailers are expecting iPod to sell briskly through the summer. What? Was I born yesterday? If the retailers are expecting it, I am sure Wall Street is too. Nice try.

You could see this stock cracking from a mile away. Today, the stock trades below its 50 MA. Sure the stock may bounce up a little but I think the street is waiting for AAPL's next rabbit trick. I know I am...

04/14/2005 - Pier 1 - update

Pier 1 Imports - 4/14/2005

You may have remembered that I wrote about (PIR) a while back. I actually owned it because I saw that Berkshire owned some. I then sold the stock for a couple reasons. First, buying a stock because someone else has is not smart. Also, the stock was in a trading range for a while. So, I sold. I am looking at a current chart and it looks like I made a good choice. PIR has had a hard time convincing investors that their new strategy is going to work. As I said before, can't you buy the same crap in Target?

04/07/2005 - DPZ > > > ME hungry!

DPZ is looking like it is making a move to another upward trend. The stock was over the $19. mark today, an area where it was getting a lot of resistance. Bain Capital still holding a lot of stock. I can't imagine Bain wanting to lose money on this (or anything else they do). They want to see this go up. I can't think of too many other coattails with similar success stories as Bain Capital. I like the stock now.

04/06/2005 - What's up with this?

ford 40605

Can someone tell me what the excitement is with this stock. From what I can tell, this company make carrying cases for cell phones. I know the company is making money and has a PE of 34. Carrying cases?

04/06/2005 - Bearish Divergence = Sell

hawk 40605

This was a company that I thought had some good potential. The chart is breaking down. I only noticed a Bearish Divergence today. This stock was losing steam while going up. Risky to hold this long now.

04/05/2005 - My Complaints Today

I don't know what is going on with HAWK. Looking at the chart, it does not look too strong. Tomorrow will be interesting. If the stock shows more weakness, it may be time to dump it and wait for it to start showing strength.

DPZ is inching up - slowly. I would buy this stock if it had more volume to it. I just don't see institutions buying yet and they move stocks.

GNW is moving up slowly. Lets be patient and hold on to this one.

04/01/2005 - Good Day in the Oil Patch

Hello,

Well, HAWK moved up $1.05 to $11.53. Goldman came out saying oil could hit $105. Also, HAWK is making money right now. You saw in my earlier chart how it looked like the institutions were buying. Lets hope that continues!

GNW was up $0.09 today to $27.61.

DPZ, was down a bit. How is Bain Capital going to dump its shares with such low volume. Once the volume comes, this stock may move fast. I don't see it yet...