Archive for March, 2008
Mercadolibre (MELI) with a 3 PM Spike
Quite an interesting intraday chart for Latin America e-commerce play Mercadolibre (MELI); I don’t see definite news yet but it appears to be a withdrawal of their secondary stock offering which generally constructs an overhang above a stock…I don’t have a major position in that name as it’s been …
Washington Post: Bush Gives in on Mortgages & States Buckling Under Loss of Revenue from Home Value Bubble
This is about the 5th Bush homeowner plan- I can’t keep track anymore but I believe the last one was just 7 weeks ago [Feb 12: Another Week, Another Mortgage Bailout Plan], but the first where something they denied they’d ever do - use taxpayer funds - is now on the table. Not surprising to readers…
AP: Food Price Inflation Changes How we Shop
I had mentioned the potential for brawny times ahead for restaurants a expanded day ago [Sept 19: rugged Times Ahead: Restaurants?] - the stock prices began foretelling that way ahead of the reality on the ground, but now the reality on the ground is catching up. Or at least some parts of the medi…
Philip Morris universal (PM) Now Set Free
Back in mid January we were looking at various sectors during the heart of the market meltdown to see what was truly a “safety” sector [Jan 19: Even Altria (MO) is Getting Hit & Some Walmart Commentary] - we mentioned back soon after the interesting potential of the spinoff of Philip Morris worl…
Spending On Dates Could Cause Financial Burdens
Taking a lady out on a period could have significant financial implications for many men, it has been claimed.
Research released by NS&I as part of its quarterly savings survey shows that separate males are set to spend more than 12 billion pounds each year on romantic rendezvous, in comparison …
Bookkeeping: Adding more Mosaic (MOS) Ahead of Earnings
Bought 100 shares here in the $98s as the stock has pulled back 6%; I continue to marvel at the price of that stock, which should be north of $120 in my book. Earnings are that Friday, and aside from the great story in potash, the story in phosphate might be even more unbelievable in the near term….
Taking a Hit on Schering-Plough (SGP)
My one “safe stock” in the “safe sector” of healthcare is getting demolished today, down 25%, as its cholesterol drug faces some major questions. I had reduced that exposure a bit to just by 1% of the fund, but 25% is 25%. And that only reinforces my faraway term view that it is never smart to inv…










