Value Stock Interview
CC Writer has linked a very interesting interview on value stock investing. Follow the link to his link:
My Covered Call Blog: An Interview with Mohnish Pabrai
New Look
If you are one of the few who visited this blog before, during its first week, and are now returning you will see that I have changed the look.
I really liked the previous theme called Blue Laptop from Performancing.com. This theme called Modern Paper is also from them. The first theme looked good but did not have much flexibility. This one is more flexible and has more real estate for additions. I have plans for the growth of this blog and this theme will make it easier to put them into effect.
Watch list: iShares U.S. Home Construction
Today’s news on home sales show sales of new homes continue to fall and the home builders are getting hammered. The iShares Home Construction ETF: ITB has fallen by 50% since coming out a little over a year ago.
For cyclical stock such as home-builders, yes home construction is cyclical, the share prices should start upward before the actual turn up in the home-building market.
So, ITB will be the first member of the Watch List of this blog. So I better write a watch list page, but you saw it here first.
Quest for Yield
A great comment from Roger:
The yields in those two areas are fantastic but anytime you can get 12% in a 5% world you are taking a risk somewhere. Maybe you see it and maybe you don’t but it is there.
Read the entire post HERE.
Fear and Greed
I have a couple of positions getting whacked pretty good today. (The DOW is down 226 at the close). Over at Daily Options Report the term fear and greed was commented on as natural forces in Options trading.
The term stuck with me so I am going to add Fear and Greed as categories here and post situations where I think these forces are affecting a company or type of investment excessively.
Why am I doing this?
About 10 months ago I opened a new IRA account to start trading with some covered call ideas I had. Prior to that the majority of my investing had been in mutual funds. At the same time I started a blog at wordpress.com called Learning Covered Calls.
I have been an avid reader of investing and markets for years. In the early 90’s I spent several years as a registered rep (investment salesman) in the branches of a large bank.
While doing research for trade possibilities for my covered call positions I have run across a lot of investment ideas that did not directly relate to covered call writing so I had the idea of starting a blog with a more open criteria list concerning investments to write about.
I also wanted to start a blog separate from the free blog opportunities so I could have more control over blog design and content. Hopefully, I will be posting on my experiences while trying to make this blog work the way I want to.
Finally, on investing, back before the investment world was parsed up into tens of thousands of styles, mutual funds, etf’s, etc. there were growth, value, technical, and special situations. (At least that is how I remember it!) I am not a chart guy, but will be looking for ideas in the other category that you may not have heard of or thought about.
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