January 18, 2007
Intel Still Sucks After All These Years, and Other Market Observations
Intel was $21 ten years ago and it’s $21 today, enough said. Rotten tone generally today but my new highs list is packed nevertheless.
RACK Attack: Check out that after-hours plunge. All day traders watching their scanners probably saw it within a minute of the plunge, but that doesn’t mean they could get their shorts on.
A few observations from the new highs list:
- General Motors 7 3/8 bonds (HGM) - must cheer shareholders like ControlledGreed;
- Healthcare in favor, our old friend the XLV at a new high;
- Chicago Merc (CME) - still great to be The House;
- Beijing Med-Pharm (BJGP) - never heard of ‘em, China-mania continues;
- LJ Int’l (JADE) - a reader just told me about this one and I’m going to check out a store today, China mania [UPDATE: Brad, I couldn’t find the place - was in a rush - but I’ll try to find it next time I’m out there];
- Home Inns (HMIN) - yet another recent China IPO, Bill expected it to be hot, China mania;
- Shanda (SNDA) - it’d be exciting if it didn’t used to be $45 (now $22), China mania;
- Crocs (CROX) - and yes, I do wear Crocs and love ‘em (got some for Xmas);
- Mastercard (MA) - I read the 200+ page prospectus and planned to buy the IPO then got busy with other stuff and forgot (yet another major mistake made);
- and finally Dow Industrial Average components McDonald’s (MCD) and Procter & Gamble (PG) - always good to see old friends.
Cat: | Time: 11:32 am (utc+8)
January 18th, 2007 at 12:02 pm
bought some xlv and bying more tomorrow
January 18th, 2007 at 2:39 pm
Howard: XLV is a long-term investment for me, thinking about all those aging Boomers.
January 19th, 2007 at 5:01 am
Hi CM,
Here’s your chance to redeem MA. ;)
January 20th, 2007 at 3:30 am
Thanks for checking on LJ Int’l (JADE) for me. I’d love to hear your impressions.
I also found a co-worker of mine that bought something from one of their stores two or three years ago, which would have been their very first store and probably when it first opened. She said she like their selection and that it was very affordable, since their selection isn’t just all gold and diamonds. She downplayed the often reported concern that the chinese consumer will not have high regard for their stores because they sell semi precious stones as well as gold and diamonds. This is the part of the story I have zero insight into. I have no idea what the target market’s preception is.
January 20th, 2007 at 11:52 am
TBB: Well the nouveaux riche here are in the gaudy glitter stage, so I’m interested to see if LJ is doing something different. I’ll be sure to grill the salesgirls when I find a shop — pull out my kindly gestapo interrogation technique.