$$ Start of the week recap...$AAPL, $BKS, $KO, $WWE, $SIRI
Now that the Undertrader app is in iTunes I'll be posting daily since it will interest me more. Here's a rundown of where I'm at, what the app is advising me to do this week and the top 3 potential buys of the week in my watchlist.
Where I stand today
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Apple (AAPL) - I'm up 74.55% on this and not selling. I vealie the crap out of this stock. It's going higher, much higher. Especially with the Verizon iPhone coming out this month and iPad2 coming soon. You're crazy to sell this stock. I pray that this splits. If it does you can just back the Brinks truck up to your door.
Barnes & Noble (BKS) - I'm up 18.11% on this one. I'll probably dump it soon, but their e-reader was a huge seller at Christmas. Will that translate into virtual book sales? I doubt it, but we'll see. They're a distant 3rd to Amazon and Apple.
Berkshire Hathaway (BRK-B) - I'm up 22.25% on this. It's a long-term hold. I vealie the gains, but I buy the dips.
Chesapeake Energy (CHK) - I'm up 22.63% on this one. I always buy this stock going into winter since they are a huge natural gas company. People tend to want to be warm in winter.
Home Depot (HD) - I'm up 18.48%. I don't really care about this stock one way or the other, but it dipped hugely, so I bought it off my watcher list in the app. Cha-ching.
Kellogs (K) - I'm up 1.93%. Not in the double digits yet, but it will be ok for now. Short term holding, bought on a dip. Watcher View stock.
Coca Cola (KO) - I'm up 18.92% on this one. Long term keeper.
Sirius Satellite (SIRI) - I'm down 37.03% on this one, which sounds like a lot, but it's a penny stock, so it's not a lot. This is my high risk stock. I bought a crapload of shares because they are cheap. They have turned around the company and made it profitable AND Howard Stern is now streamable on the iPhone app for the next 5 years. In other words, anyone, anywhere at anytime can listen to Howard Stern. That should bring in subscribers who can now listen on headphones at work easily.
World Wrestling Entertainment (WWE) - I'm down 11.38% on this, however, I'm buying the dips going into Wrestlemania. I make this play every year and it usually works out. WWE is in a talent dip right now, with only one real start in John Cena, however they are sitting on a gallion dollars and they are in talks to have their own 24-7 cable channel. Since they own all of the WCW, ECW and WWF footage, they will make bank on a wrestling channel. I just hope they dump the stupid movie company idea.
Overall, I'm way up. Way up. Nuff said.
This weeks sales
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The app is telling me to sell more of AAPL, I'm of course vealie-ing that. No way I'm selling, but the Vealie will reset that sale in the app. I vealie until it says to Hold the stock, just so you know.
I will be selling off a few shares of Barnes & Noble (BKS) and Chesapeake Energy (CHK) to lock in some profits on those. Just a few shares, about 10% of each position.
Top 3 Potential Buys this Week
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The top 3 potential buys in my Watcher View this week are:
The top 3 potential buys in my Watcher View this week are:
Best Buy (BBY) - While this company looks good on the outside, they are getting killed. Amazon, Apple.com, Dell.com, etc are quickly eroding their profits. You could probably make a quick buck on them, but I wouldn't hold this longterm.
McDonalds (MCD) - Always good to get McDonalds on a dip. Best real estate company in the U.S.
Target (TGT) - This is really at it's average, but I'd consider buying this one. Great company, better than Walmart in California. You could probably make some money.
Hope this helps you guys, thanks for buying the app!
Invest in peace...
