Tuesday, May 29, 2012

Life after Memorial Day

GOOG popped, then fizzled, but the rest of the pack, sans GLD, were up smartly.

The portfolio was enhanced by 1.28%.

Tuesday, May 22, 2012

Signs of Yahweh

There are forces at work, keeping GOOG above $600.

Today, around 2:30, GOOG slipped below the magic cabalistic number, $600. At ten to four, it reached a low of $596.00. Then, it began to rise in a graceful, upward arc, coming to rest at the close with a price of $600.80. This can only be the work of Yahweh. For once, Yahweh's Will and my own preferences were in perfect alignment.

Monday, May 21, 2012

Back to where we once belonged

A sterling day for all, possibly at the expense of Facebook.

The whole portfolio gained a whopping 2.31%.

Wednesday, May 16, 2012

A few lousy days later

The only thing up today was GOOG, and it was way up: almost $18. Not sure why—some noise this morning about Google taking control of the Android platform that roused the short sellers from their slumbers. Technically, GOOG is looking way better than AAPL—I'm going to enjoy it while I can.

A while back, I made the rash statement that GOOG had moved into a new range between $600 and $900, and would not fall below $600 again. I was immediately rebuked by the market (Yahweh). But now (timing is everything!), I believe that a floor at $600 is in place, at least for the time being.

Tuesday, May 8, 2012

Not bad for a lousy day

Today started out bad, but when the dust settled, my three largest holdings---GOOG, COP and DE---made very decent gains. The portfolio was up a respectable 0.63%.

By the way, last Tuesday, COP spun off PSX shares on a one for two basis. On the recommendation of Dan Dicker, I sold my new PSX shares, at the open, for a net of $33.99 a share. PSX closed today at $30.10. Dicker told me that I could work off what I owed him by writing an Amazon review of his book, "Oil's Endless Bid", which I did.

My Amazon Review of "Oil's Endless Bid"