Archive for May, 2009

$

Posted on May 16, 2009 by WHC Bassetti.

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Back a year ago we started buying the dollar based first of all on the economic analysis that the dollar was radically undervalued.  In April 08 we got the signal we were looking for, followed by lift off.  Late in the year the long term trend we were looking for fizzled and that was it.  Now each successive upwave in the dollar is weaker and it is in a sideways to downtrend.  Way to be at present is short.

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F

Posted on May 15, 2009 by WHC Bassetti.

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Just to show off we bought some Ford at the bottom.  It seemed pretty obvious to us.  When all the chicken littles about you are losing their heads it’s time to be a man my son.  There were the fundamentals of course –Ford had managed its cash and capital a lot better than GM and Chrysler of course was an advertisment for hubrytic bad timing.  What ever happened to the private equity guys anyway?  Well, pride and greed goeth before a fall.  Now F is being accumulated and we suspect that in a few years we’ll laze back in the rocker and say yes, my boy, dad bought Ford at 5.  Really dad?  Wow!

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Tipping point? What’s the point?

Posted on May 13, 2009 by WHC Bassetti.

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Hi-yo….

Posted on May 12, 2009 by WHC Bassetti.

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Gassing up.

Posted on May 09, 2009 by WHC Bassetti.

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Belaboring the obvious.  Get gassed.  Gas has gassed alot of people who can’t stand an oversold market.  But here is some activity that looks worth making a bet on.

What a pleasure it is to have readers who are so perceptive  — and who reminded us of this kettle waiting to boil.

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