Thursday, July 14, 2011

What to do, what to do

Other than a nibble here and a nibble there, we've still got high levels of cash. In fact we're pretty surprised no one seems to care a whole lot about the pending disasters, for example the US credit rating and Europe. The S&P is just about where it was at the end of the 1st quarter.

This is another one of those periods where things could go either way in a hurry, which means the prudent thing to do is watch from the bleachers. I confess to buying some of the Chinese Internet plays, Renren (NASDAQ: RENN) and Dangdang (NASDAQ: DANG). DANG is more reasonably priced, but both have nice upside after they were beaten down. RENN under $9 is nice and DANG under $12 is nice. Only bought a little, not a lot and my reasons were purely speculative. I also thing they do deals with non US companies in the future, but again, speculative.

Well, yes, things are a little boring here, but we still hold our core stocks, which I won't go into, as we've talked about them enough.

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The Vix

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Where we rant and rave about the market and of course give our opinions on stocks we love or hate. We're not advisors and urge you to conduct your own due diligence.

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