The last couple of days for us have been very frustating.  We were perfectly positioned going into the President’s Day weekend and suffered almost no losses on Tuesday.  I wish we could say we have been that fortunate since.  There … Read more.

You can always find some fundamental reasons for diverging opinions, but I look at charts for the objective one. In this case despite the pessimism of the news and US budget deficits, the dollar appears to be bottoming out.

We are now heavy into gold stocks, ETF, and USO. The situation in Egypt going into a long weekend and the end of the month will make hedge funds nervous. Expect a very weak close. Hedge as much as you … Read more.

Everyone is fixated on finding the next Apple, but look at this stodgy department store, Dillard’s. The stock rose twenty fold in twenty three months.  Too bad I didn’t buy it. It’s been on my screen since $2.75.

True Religion Apparel is technically poised for a bounce. Anecdotal checks of inventory show little discounting which leads me to believe that XMAS season went well. The high-end consumer seems to have fared better than the lower-end demographics. Catalyst. The … Read more.

Our largest position is Visa which is 16.41%.  This is an out-sized position and we will be reducing it soon one way or the other.  We all know who Visa is and we think it is pretty clear that cash … Read more.

Classic case of massive insider buying, doubting and mounting short position, legal wrangling with huge implications.   We loaded with  call options limiting our losses but taking the full upside for at least a while.  Apparently no one really knows the … Read more.

This is truly a disruptive company.  What I mean by that is that this Company, SODA, has the potential to destroy CocaCola and Pepsi’s business model.  I know that is a strong statment and I don’t own a lot of … Read more.

Dell is cheap, insider buying, and the rumored possibility Michael Dell may take the company private although that makes no sense to me unless he is just fed up answering investor questions.    I think Dell is a cash cow and … Read more.

This is a trade we are watching closely.  We are also long BAC.  There is nothing we can add to the story, it’s too well documented.  There is a lot of insider buying at prices a little up for here … Read more.

Muni bonds in the last three weeks have fallen out of bed. Normally I disdain these investments but we are nibbling at multiple Invesco Van Kampen funds yielding an amazing 8%. Symbols include VMO,VGM, VIM, VKI, and VCV. We expect to … Read more.

They looked oversold and we have been nibling at them making a little money, losing a little money. Yesterday as soon as the WSJ broke a story about the Fed allowing them to start offering dividends again, we jumped in … Read more.