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Articles Archive for August 2008

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[ Christian | 27 Aug 2008 | 3 Comments | 687 views ]

Ok what to do with Russia? It seems that there is a new power struggle yes? Between the West and Russia, yes?
Well, not so quick. My brother who works in Russia and keeps me up to date with the events within the land has a different story. Essentially what is happening in Georgia is very similar to what happened with Kosovo. The difference is that Kosovo wanted to be nearer to the West and the Georgian states want to be nearer to Russia.  But we can debate this issue round …

General »

[ Christian | 26 Aug 2008 | No Comment | 583 views ]

Fastmoney and many on CNBC say, "oh look how bad things are in Germany and how we are doing better. And how bad things will get in Europe"

General »

[ Christian | 22 Aug 2008 | No Comment | 650 views ]

"Debit cards are making us more resilient in this recession…  oh wait..  let me take that back…"

General »

[ Christian | 22 Aug 2008 | 2 Comments | 532 views ]

CNBC did an entire 3 hour expose on Buffett and I.O.U.USA. Well I don’t agree with everything. Two of his points that stuck with me are as follows:

When the tide goes out you will see who is swimming naked, and it seems Wallstreet was a nudist beach.
If you apply for a mortgage using the old yardsticks then you can get a mortgage.

These two points stuck in my mind because I have talked to quite a few people around this planet and asked, "is it that bad?" The answer is no, …

General »

[ Christian | 21 Aug 2008 | No Comment | 500 views ]

Oil is up over 5 dollars, and why is that? It’s Russia! It’s Fay and its potential to hit something! Oh it’s the rebels in Nigeria that are being rebellious!
WHATEVER!!!
Want to know why oil is up? It’s because Goldman said the following:
LONDON, Aug 20 (Reuters) - Goldman Sachs (GS.N: Quote, Profile, Research, Stock Buzz) reiterated on Wednesday its year-end price forecast of $149 a barrel for U.S. crude oil, and said strong fundamentals were a more important factor than a strengthening dollar.

And what do the lemming fund managers do? …

General »

[ Christian | 20 Aug 2008 | No Comment | 524 views ]

I have two points in this blog entry; analysts that annoy me, and fund managers have capitulated.

General »

[ Christian | 18 Aug 2008 | No Comment | 503 views ]

It looks like CNBC America is playing with their cast of hosts and giving fresh blood some air time! Good for you CNBC America! Good for you for trying! You make me want to watch CNBC America again!

General »

[ Christian | 18 Aug 2008 | 4 Comments | 701 views ]

In a blog posting Jason asks what he is missing regarding Garmin. My answer is that he is missing nothing! This is one those stocks where I was burnt because I jumped in too earlier (still long and will wait this storm out). BUT my basic premise of GPS which I have commented on many times stays.
So why is Garmin down? Because they missed by a bit! The real problem with Garmin is their short interest. Garmin has been on the RegSHO list for 60 days and is naked shorted …

General »

[ Christian | 18 Aug 2008 | No Comment | 543 views ]

Today CNBC America put Rick Santelli, Steve Liesman, and a few other floor commentators into the prime seat of Squawk Box… All I can say is wow! Cool! Now CNBC America has real intelligent discussion on Squawkbox…. Yeah I am one of those people who was sad to see Mark Haines leave Squawkbox.
Folks if you think CNBC America should keep this or make changes send comments to Squawkbox at cnbc.com. CNBC does listen to emails and to their audience. I know because I am a platinum member of their …

Stocks »

[ Jason | 15 Aug 2008 | 4 Comments | 1,200 views ]

At $35, Google Finance puts the Garmin PE at ~8.5. That’s just too low for a company with 25% annual growth.

I made some money riding this stock from about $45 to $80. I kicked myself for not holding it to $120. I bought some up there and was quickly stopped out for a small loss. And now I’m glad I haven’t owned it for a while and have a chance to back up the truck.

Before I do so, I wonder if anyone out there can tell me what I’m missing. Here are some reasons for the low GRMN price I’m reading on message boards and blogs: