Archive for December 2010

Ed’s Last Daily Summary for 2010   4 comments

BBL: -0.20 to $80.50 (-0.25%)–bought at $79.369
BIDU: -1.68 to $96.53 (-1.71%)–bought at $99.00 today
INTC: 0.01 to $21.03 (0.05%)–bought at $18.52
JUBAX: NA to $10.86 (NA%)–bought at $10.17
NEWN: 0.01 to $7.73 (0.13%)–bought at $7.25

OVERALL: -0.16%

Posted December 31, 2010 by edmcgon in Portfolio

Last Open Thread of 2010   30 comments

Since I don’t really expect much out of the markets today, and since I have a lot to do today, I am going to leave you folks with an open thread. If anything interesting happens, I’ll be online later to comment. Otherwise, feel free to leave any questions here, or comment on anything you like.

As usual, I will do my daily summary later today, but I don’t expect much movement.

Posted December 31, 2010 by edmcgon in Open Thread

Ed’s Daily Summary for December 30th   Leave a comment

It was a good day to spend the afternoon shopping with the wife and kids, because the markets were nothing to watch today. Although my portfolio did ok:

BBL: -0.21 to $80.70 (-0.26%)–bought at $79.369
BIDU: -0.79 to $98.21 (-0.80%)–bought at $99.00 today
INTC: 0.08 to $21.02 (0.38%)–bought at $18.52
JUBAX: NA to $10.84 (NA%)–bought at $10.17
NEWN: 0.17 to $7.72 (2.25%)–bought at $7.25

OVERALL: +0.20%

Posted December 30, 2010 by edmcgon in Portfolio

Buy Baidu Inc. (BIDU)   18 comments

Name the one stock in the world that could grow earnings by double digit percentages even if it did absolutely nothing over the next 5 years? If you named the Chinese search engine company Baidu Inc. (BIDU), give yourself a gold star.

With over 70% market share in China (and that is with only a third of the Chinese population being online, about 450 million people), and advertising rates about a quarter of what Google charges, Baidu has better growth potential than even the 800 pound growth gorilla known as Apple. Don’t believe me? Baidu is projected to grow earnings by 56% over the next 5 years, whereas Apple is only projected for nearly 19%.

Even Jim Jubak likes the stock, and it’s cheaper than when he recommended it (it closed yesterday at $99.11). He even has 0.6% of the Jubak Global Equity Fund (JUBAX) in it.

For those of you more technically-minded, Baidu is also nearly oversold, with an RSI of 37 and Stochastics around 30.

There is nothing I enjoy more than an oversold stock with idiot-proofed growth potential. I am setting my initial limit buy order at $99, although I would happily pay over $100 for it.

UPDATE: The order went through, and I got it for $99.

Posted December 30, 2010 by edmcgon in Portfolio Moves

Update: Proshares Ultra Silver (AGQ)   2 comments

I have had to raise my limit buy price on Proshares Ultra Silver (AGQ) as the fundamentals keep rising with the price of silver. At the moment, I have it at $145. I still see it dipping within the next week, probably within the next few days.

Posted December 30, 2010 by edmcgon in Portfolio Moves

Ed’s Daily Summary for December 29th   13 comments

I must admit, I am starting to get the feeling that the volume is so light this week that the markets will just continue to go up, although not much.

As for my portfolio, it’s all good, even if it isn’t much:
BBL: 1.20 to $80.91 (1.51%)–bought at $79.369
INTC: 0.06 to $20.94 (0.29%)–bought at $18.52
JUBAX: NA to $10.76 (NA%)–bought at $10.17
NEWN: 0.07 to $7.55 (0.94%)–bought at $7.25

OVERALL: +0.37%

Posted December 29, 2010 by edmcgon in Market Analysis, Portfolio

Quote of the day   2 comments

You can give men food and leisure and amusements and good conditions of work, and still they will remain unsatisfied. You can deny them all these things, and they will not complain so long as they feel that they have something to die for.“–Christopher Dawson

Posted December 29, 2010 by edmcgon in Editorial/opinion, Philosophy