I think SNE (Sony) is ready to turn a corner big. The blue ray win (HDDVD collapse) is going to translate into huge sales of PS3 for them, a product which severely impacted the stock price over the last year. I don't think the stock has figured it out yet.
I'm going to start accumulating it until I have 10% in it.
What I really want to watch is this chart.
http://finance.yahoo.com/q/ta?s=SNE&t=6m&l=on&z=m&q=l&p=m50,e20&a=&c=
The next time it crosses the 50 day moving average it isn't going to stop going up.
This confirms what I've believed for about a year now. The PS3 was awesome, it just needed to survive until it was relevant and not so far ahead of the technology curve.
Friday, March 28, 2008
Wednesday, March 26, 2008
IBM purchase
I've been very concerned about inflation for the past year and one of the big reasons I was holding GLD and SLV until they spiked like crazy. I read that another hedge against inflation is big chip companies and since they have not moved in years I've been holding GE (5%) for the past year and it has done fairly well for me.
Today I bought IBM at 115.51 (6% of my account).
Today I bought IBM at 115.51 (6% of my account).
Thursday, March 20, 2008
GLD SLV FNM FRE revisited
Yeah, it looks like I hit a lightening strike! Day #3 shows another 10+% gain and I missed another 2-6% loss. All luck.
Wednesday, March 19, 2008
Always bet against Cramer
It looks betting against Cramer worked well for me again.
I've been holding GLD and SLV (8% of my portfolio each) in my IRA for about 10 months now. My broker kept asking me why I was holding it. Mostly the cost of the war and knowing that inflation is coming when you print $500 billion new bills to fund a war. The other night I saw Cramer ranting about how good Gold and Silver were and i decided that it was time to pull out since I already made 30-50% gains. So I switched to FNM (6%), FMC (6%) and a small bit of TGIC (2%).
Here are the I numbers bought and sold at.
GLD sold at 99.02 and 95.82
SLV sold at 194.88
FNM bought at 21.87 and 26.35
FMC bought at 20.95 and 24.49
TGIC at 5.30 so I'm down a little on that one, but I don't own much.
On a short term basis (3 days) it looks like it was a good move. I still think GLD and SLV are good investments, I just don't like stuff that goes up that sharply and I tend to like to sell it. I'm not sure how long I'll hold FNM and FMC as they still make me nervous. Mostly because I don't follow the industry close enough. Tech stocks I feel more comfortable with since I'm in the industry.
A good week since my account is past the January 1 value again and was down over 10% at one point. As I've said, I'm an aggressive investor seeing how wildly my account swings from month to month, but I'm diversified in other ways. I'll just leave that as a warning, don't follow me, I'm lost too!
I've been holding GLD and SLV (8% of my portfolio each) in my IRA for about 10 months now. My broker kept asking me why I was holding it. Mostly the cost of the war and knowing that inflation is coming when you print $500 billion new bills to fund a war. The other night I saw Cramer ranting about how good Gold and Silver were and i decided that it was time to pull out since I already made 30-50% gains. So I switched to FNM (6%), FMC (6%) and a small bit of TGIC (2%).
Here are the I numbers bought and sold at.
GLD sold at 99.02 and 95.82
SLV sold at 194.88
FNM bought at 21.87 and 26.35
FMC bought at 20.95 and 24.49
TGIC at 5.30 so I'm down a little on that one, but I don't own much.
On a short term basis (3 days) it looks like it was a good move. I still think GLD and SLV are good investments, I just don't like stuff that goes up that sharply and I tend to like to sell it. I'm not sure how long I'll hold FNM and FMC as they still make me nervous. Mostly because I don't follow the industry close enough. Tech stocks I feel more comfortable with since I'm in the industry.
A good week since my account is past the January 1 value again and was down over 10% at one point. As I've said, I'm an aggressive investor seeing how wildly my account swings from month to month, but I'm diversified in other ways. I'll just leave that as a warning, don't follow me, I'm lost too!
Sunday, March 2, 2008
Diversification
Let me first state that my ira is not diversified. I hold 15 stocks which are mostly tech because that is what I understand. My biggest investment is 37% of my portfolio (ATVI) which I purchased at 13.44 and now sits at 27 and I've done some profit taking on it. That is the largest I ever go with any investment (33%) which means I still need to adjust it a little.
These are my investment sizes.
33% very large
10% large
2%-8% medium (my regular investment amount)
My diversification comes from other 401ks. I have left at least three at other companies and keep them in mutual funds (mostly aggressive). I also own property so investing in this account the way I do is diversified in other ways. You should always diversify, not only across investment types, but with investment houses. I would never put all my money into one brokerage house.
These are my investment sizes.
33% very large
10% large
2%-8% medium (my regular investment amount)
My diversification comes from other 401ks. I have left at least three at other companies and keep them in mutual funds (mostly aggressive). I also own property so investing in this account the way I do is diversified in other ways. You should always diversify, not only across investment types, but with investment houses. I would never put all my money into one brokerage house.
Saturday, March 1, 2008
My Ira
In 1994 I rolled over an old company 401k into an IRA and have been investing this myself ever since. I've had great years and dismal years, but since that time I've averaged about 14% per year. Last year I was up 28% and this year I'm positive and thought I might discuss my investment ideas in a public forum.
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