noteable stocks – apple (aapl), wells fargo (wfc), citigroup (c)
Some notable stocks I’ve been journaling over the past few weeks are:
Apple (AAPL @ $100) – up 10% and stock price has held above $80 since the economy got worse.
Wells Fargo (WFC @ $14.50) – Since Warren Buffett made some positive comments on it saying investors will be surprised by better earnings (plus I should mention the positive news on Citigroup) the stock is up 40%.
Citigroup Bank (C @ 2.50) – Positive news on profit in 2009 and on since biggest plunge 3/6 stock is up 100% and will likely continue to climb.
Spicy Pickle (SPKL @ .20) – Not really super big news buzz worthy but for a really really little guy this companies “image” and confidence might make it the next Panera Bread/Star Bucks/Quiznos. They aren’t waiting on the economy to get better they are being innovative and open thinking taking action now to still grow and build their business.
-fn
market still confused what to do…this week call practice plays only -20%. bailout plan a success? wall st. doesn’t think so.
my call practice plays probably would have done better the day after but i was busy. what happens when you are busy a miss 2 days in the market? more losses for not paying attention. i still had only -20% which still isn’t bad compared to my overall picks and total sum profit %.
i figured the stock market would tank after the final decision has been made on the bailout plan. i didn’t think it would really make a big difference, though if wall street did favor the bill it should have made the market jump higher. so now that the market has fallen, complete opposite of what the news told us, now we are heading into a real october crash. it’s already in pure downward spiral, but will likely dive even deeper. what a mess for a new president. i was for Palin for a long time. well, she’s just freaken hot there i said it, but Obama is the right choice.
here are my call practice plays 9/3 – 10/3 sept/oct end of month.
as you can see it was about 50/50. energy still seems to be bright and wells fargo buying wachovia helped make a big move. wachovia’s a great bank. i wouldn’t be surprised to see it go back to $20-30 once it starts running properly again or make wells fargo worth more. i’m sure citi bank is having a fiss over this only offering $2 billion and wachovia opted out of it. i’m sure there will be hassles over legal issues between all three banks. i’m sure its just a power trip.
Paul Meyer 