I actually saw this one coming but was too timid to jump in, missing a nice 40%. Looking for a dip to see where it might go next, after reading a Philly.com article.
Archive for June, 2014
I used to pay Huntington, though not now. Still, they were one of the few I did not curse with every payment. Investor Place gives them a thumbs up for a cheap stock, and I will think about jumping in with the next dip.
Read about Companhia Energ (CIG) on Investor Place today. Like most of the tips I find there, the stock is already in an up-swing. If it dips back down to $6, I’ll join the ride. At the current $8.15 I still think it is a 50/50 bet.
As an un-chic geek, my days of picking stock based on what I use are mostly over. But the rest of my family tends to follow the trend ahead of the market, so I’m keeping an eye on this one, even though it looks like I caught on bit late for this one. Still, I think there are some inner-year 20% swings to profit on.
I was just thinking the other day when I heard a radio commercial for Family Dollar in San Diego that they were ready for another growth spurt, then I read today that Carl Ichan is sticking is raider fingers into them. So, if the pattern holds, the resulting FUD should drive the price down, then it would pop back up to a profitable level. Let’s watch and see. Looking for a drop to $52 to pull the trigger.
Interesting speculative article on Investors Place about M&A. I can kind of see the appeal of AMCX to cable rivals. Looking for a big drop before I take that gamble, though.
Things keep changing. Used to be that a stock buy back was a good sign of a company on a viable recovery path. But these days it is just as likely that the company is trying to put the breaks on a falling stock price to rescue the holdings of the board. Fortune Brands seems to be the new breed of buy back. Thing is, sometimes it will drop lower after the initial buy back surge, and if FBHS does that, I may just get some.