SubscribeAFLAC (AFL) – Scalping the Duck
January 23, 2009
This is a sample of the posts that we provide to our clients invested in The Disciplined Investor Managed Growth Strategy.
(If you would like a 10-day test drive of the private blog/site, email Laura and she will activate your trial)
1/23/09
That was a nice (and quick) profit!
We entered AFLAC (AFL) with that in mind and “scalped” $2.13 for a 9.3% profit this morning. We have been watching an interesting phenomena with stocks getting crushed, moving through all the programmed trading stops and then charging back in a day with a huge upswing. We positioned ourselves this morning to watch for a move as if this would occur, it would be fast.
As there was news coming out about their “terrific” cash position and sturdy balance sheets, shares started to jump. We got on board quickly and once the shares appeared to be moving towards overbought, we added a trailing stop.
Profit – $ 2.13 ( 9%)
Strategy Lab: UPDATE – Horowitz Up 13.5%
January 23, 2009
This week’s summary from MSN Strategy Lab:
Banks are still in big trouble, the job market is worsening and Wall Street is a minefield for investors. Yet one of our players has managed a double-digit gain since August.
Disciplined Investor Andrew Horowitz, meanwhile, went even further on the frustration scale in his journal “Why invest in this market anyway?” He rejects the notion stocks are cheap and takes on folks like Warren Buffett and Vanguard’s John Bogle.
“This is not a popular commentary. I know that many investors would prefer to hear all about opportunities to make money on the ‘upside,’” he writes. “But until there is one shred of good news, I refuse to throw my hard-earned money into a bonfire just to watch it be incinerated.” Read more
Links and Reading for January 23rd
January 23, 2009
Some of the more interesting and important items for January 23rd :
- Treasuries Set for Steepest Weekly Loss Since June on Cost of Obama Plan – The investment in $TBT has been working well on this thesis. Exit strategy needs to be considered as the movement, while great, is parabolic.
- AMD Loses Again – AMD posts earnings lower than expectations for 9 straight quarters
- Google Reports Earnings – Google reported earnings higher than expectations.
- Missing Florida Trader Nadel Is Sued by SEC for Alleged Hedge-Fund Fraud – Alleged….HUH?
- Apple Profit Defies Worst U.S. Holiday Season in Four Decades; Shares Jump – JUMP! JUMP!
Video: Keys to a Successful Portfolio
January 23, 2009
I am asked about the general strategy that has kept our Strategy Lab portfolio ahead of the S&P 500 by +40%. How did we get there, where do we see the markets going….?
Click to see the video on The Money Show site
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Have you checked out these videos?
Will Google Survive the Downturn?
January 22, 2009
The earnings stampede continues. Last night, Apple’s (AAPL) news of higher than expected numbers seemed to be a temporary relief to what was gearing up to be an ugly season. Early on in today’s session, Google (GOOG) was riding on the coat tails of the initial market move higher from the overnight excitement surrounding the Apple announcement. Even with the massive downturn we are seeing today (which has erased most of yesterday’s gains), there remains a hopeful outlook for the Tech sector. With Google reporting after the close today, we will get further insight into the potential for this sector’s strength. Read more
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