Sunday, October 7, 2012

We are in the funk again

The market is doing that schizophrenic dance again, up down, up, down, for no real reason. That's when it's best to just sit back and relax. In case you hadn't notice, short interest in some of our stocks like ANR, ACI, FTR, and of course ARNA is sky high. I'm actually pretty encouraged because with all the continued shorting, these stocks have definitely bottomed and are showing signs of life. When this thing gets turned around, it's going to be a barn burner.

I've started to look into an old name, DNDN, trading down around 4.5 it looks like it could be a bargain. They've had trouble in the past, but they may be getting things turned around enough where a legit company might think about taking them out. More to come on that at a later date.

An update on NVTL. I'm still holding and still perplexed by how low this company trades. They've got about $425 million in sales, $50 million in cash, and a market cap of about 63 million. Crazy. Still looking at that situation.

The bargain shopper in me can't help but look at HPQ. That price is starting to look very enticing. I'll let you know when it looks delicious.

2 comments:

Daniel October 10, 2012 at 2:15 PM  

Dear Papergains,
Aapl has been getting a lot of negative coverage lately with many analysts seeing an imminent drop. Do you have any thoughts on the matter?

PaperGains October 11, 2012 at 9:43 PM  

Daniel,

I think Apple will be a winner for a long time, although I don't consider it an Intel or Oracle, as retail consumers are fickle. I owned the stock for years, but that price is just a bit too high in this market.

Thanks for your comment.

PG

The Vix

About This Blog

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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