Thursday, June 21, 2007

More Pain Directly Ahead

Good article from Bloomberg. I encourage everyone to read this one.

Link

Wednesday, June 20, 2007

Random Skepticism

Look here. We are going to have to get our heads out of our asses in this country. We are completely out of touch with reality. Our entire way of life is unsustainable. We drive everywhere for everything and haven't invested in public transportation. We over consume and under produce. Paris Hilton is news and we are still debating evolution in the 21st century!

The sooner we acknowledge the real issues we face the better. Yet, we are clearly lacking in political leadership. We are so preoccupied with the terrorist threat but we are rotting from within.

Monday, June 18, 2007

This Week's Stock Pick

OK. I have to admit something.

Last week's stock pick was suck-ass. WMT still looks good as long as the breakout is intact but it's a slow moving ship. Absolutely a play it safe pick. With the market weak it was a conservative large cap bet with a minimal defined risk.

Meanwhile there are stocks going nuts all over. Left and right. The market is a speculative orgy. More than a few oil stocks I follow went up 10% last week. Obviously it has paid to remain bullish on that sector. Many others too. Technology offers opportunities. There are so many good ideas. All with the economy at large in stagnation. Hmm.

So let's get speculative shall we. This week I'm picking a local favorite. ALCO- Alico Inc. They are a Florida agricultural company with interests in citrus, sugarcane, cattle and sod. The stock appears to be completing a long term consolidation. Friday's closing price was $60.60 . The risk in anticipating a breakout is that you're early.

Disclaimer: This is not a recommendation. If you buy this stock based on this post you should put down the bottle and seek professional help.