Tag Archives: C

Psst. Hey Meester want to see some dirty stocks?

Posted on Jan 07, 2012 by WHC Bassetti.

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Is there something shameful about talking about bank stocks?  Or do you just get enraged when contemplating the obscenities of sub-prime loans, manipulation of minorities into unfavorable loan conditions, or robo signers?  Or do you just get high blood pressure contemplating what they did to the country and the economy?  Besides that we’re still personally mad at the sharpsters in Charlotte who outsmarted Bank of America executives and moved our bank to Hicksville.  (No offense meant to Charlotte.) (We moved our important accounts to Wells-Fargo the next day.)  Then they compounded the offense by buying Countrywide and then Merrill Lynch and who knows what else in an orgy of hubris and narcissism.  Excuse us while we take our high blood pressure pill –as we were saying, feelthy stocks?

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Making fun of….

Posted on Nov 27, 2011 by WHC Bassetti.

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We were trying to decide who to make fun of today–thinking especially of Friedman and Laffer and other unenlightened economists.  Especially after reading Shiller in the Sunday Times  — who rightly warns of the corrosive effect of long term  unemployment and argues for government programs to address the problem.  Government?  Oh yes that was government that Grover Norcross just drowned in the bathtub.

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Buying opportunities? F, GM, C. Maybe not yet, but soon….

Posted on Feb 24, 2011 by WHC Bassetti.

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F, GM and C — among others look oversold.  Of course they can go from being oversold to being really really oversold, but we bought a little of GM and F (always loved cars), and readers should start thinking in terms of buying and adding on.  NOT TODAY.  Wait for prices to start up again first.  Our buys are in line with our style — motorcycle riding, bungee jumping rapid running, bull running — you know that never satisfied with risking our neck we have to risk our capital too.  And we will have a tight stop on them. F right here is sitting on the support line.

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A, B, buying C…

Posted on Dec 08, 2010 by WHC Bassetti.

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We bought C yesterday.  We don’t think all the drama in the issue is done, but long term you have to bet on enterprises that have government sanction to rape pillage and plunder.  And the chart is a clear buy.  The way to manage this really is with weekly Basing Points, if you have the stomach and capital.  Long term it will be worth it even if sometimes annoying in the short run.

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TLT, tilts again. This may be it.

Posted on Oct 15, 2010 by WHC Bassetti.

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2010-10-15-tlt

Here is a clear signal to short the bonds.  We bought TBT (scaling in).  We also bought the VXX as a volatility play.  These are trades which could turn into trend investments.  At the very least they are reasonably low risk trades and hedge our long trades.

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