Smokin’! Ed’s Daily IRA Summary for January 9th   3 comments

Occasionally, one of my stocks will throw my entire portfolio on it’s back and carry it. Today, GW Pharmaceuticals (GWPH) did that with a whopping 23.49% increase, allowing my IRA to easily blow out the indexes:

AAPL: -2.69 to $536.52 ( -0.50% , -0.50% overall)– bought at $539.21 today
BIDU: -6.27 to $175.52 ( -3.45% , 13.24% overall)– bought at $155.00
EC: -0.34 to $35.41 ( -0.95% , -3.78% overall)– bought at $36.80
GNW: 0.37 to $16.71 ( 2.26% , 78.34% overall)– bought at $9.37
GWPH: 8.94 to $47.00 ( 23.49% , 42.64% overall)– bought at $32.95
NNVC: 0.06 to $4.97 ( 1.22% , 95.67% overall)– bought at $2.54
NTE: -0.12 to $7.23 ( -1.63% , -1.09% overall)– bought at $7.31
PVCT: 0.12 to $2.50 ( 5.04% , 168.82% overall)– bought at $0.93
YHOO: -0.10 to $40.92 ( -0.24% , 52.23% overall)– bought at $26.88

OVERALL: +2.05%

In case you are wondering, here is why GWPH had such a stellar day. Gotta love those cannabis stocks!

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Posted January 9, 2014 by edmcgon in Open Thread, Portfolio

3 responses to “Smokin’! Ed’s Daily IRA Summary for January 9th

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  1. Ed,

    Interesting article on Intel, your thoughts on it as a stock?

    http://www.forbes.com/sites/moneybuilder/2014/01/09/is-intel-the-next-apple/

    • Ojunker,
      It is nice to see Intel working on things like Edison and Jarvis, but there is one problem with the article: All the other companies they mention are working on the “next big thing” too.

      Another thing that bothered me in the article, and this isn’t the first time I’ve heard it: The automated coffee pot. Whether it is some device you can use to activate your coffee pot, or some kind of smart coffee pot that knows when to activate itself, I still have one question: Who is going to put the coffee in it? To me, it isn’t a smart coffee pot until it puts coffee in itself (and probably a filter too). And how about a smart coffee pot that will clean itself after it’s empty? I am tired of these so-called geniuses that have taken only one small part of the coffee-making process, pressing the “on” button, and automated it. You know what I call this? Justifying your overpriced job as an engineer. Mind you, that isn’t a knock on engineers. It’s a knock on executives who buy into this crap, thereby allowing the engineers to be dysfunctional.

      With all that said, I think you have to turn a blind eye to potential technologies until they begin to move into the marketplace. They are nice to notice, but keep this in mind: With this presentation by Intel, expect every tech company in the world to be working on something similar, if they aren’t already. Intel may get lucky and be first to market, but how far behind will the competition be? Also, will Intel be “best in class”? Most affordable?

      At this point, the tech sector is VERY crowded. I have yet to see a real game changer technology yet. To me, the next game changer will be either robotic or a human body implant, with an outside possibility being quantum computing. But I doubt we’ll see any of these being sold in large quantities in the next 5 years.

      As for Intel itself, I would consider it on a pullback. I don’t expect them to lead in tech, but they are still in the game, and they pay a nice dividend.

  2. daily p/c ratio and volume

    DIA: 1.06, 32.1K
    QQQ: 1.25, 293K
    SPY: 1.31, 1.02MIL
    IWM: 1.54, 191K

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