Wednesday, September 07, 2005

09/07/2005 - CAFE - What?

I hate to say this but I bought some CAFE today. You know, that stock that went from $3 to $15 and then was halted for a couple weeks. It started trading and went down to $3 again. This AM is started to move again and it showed some strength! I did pick some up at $3.28 and SOLD at $3.70. It was actually a stupid move. Lucky to make money on that one.

Bought back into Citigroup again. I bought at $44.19. Stock is showing strength again. Hoping the Fed keeps rates the same and that the new CEO makes profitable changes. Lets see!?

What else happened?
oil (-$1.68 to $65.03/bbl)

With respect to individual equities, there were notable upgrades today for three Dow components that have lent a measure of support to the broader market... To that end, McDonald's (MCD 33.27 +0.61) went to Outperform from Peer Perform at Bear Stearns, while Piper Jaffray upped JP Morgan (JPM 34.79 +0.22) to Outperform from Market Perform and UBS upgraded Hewlett-Packard (HPQ 27.55 +0.30) to Buy from Neutral...

1-week
Top Performer

DJ US Heavy Construction Index (CON)

Last: 244.11
Percent Change: -0.27%

1-month
Top Performer

DJ US Consumer Electronics Index (CSE)

Last: 696.41
Percent Change: -0.99%

6 month
Top Performer

DJ US Water Index (WAT)

Last: 754.02
Percent Change: 0.73%

YTD
Top Performer

DJ US Coal Index (COA)

Last: 265.29
Percent Change: 0.74%

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