We bought more shares in Cisco (CSCO) today at 19.429/share. The Bad News The selling today is an overreaction to the some negative news reported yesterday regarding their recent earnings report. They had a smaller gross margins (.90% less than expected) and the CEO’s outlook was more negative than expected. Chambers sited concerns in weaker […]
Sold a portion of our position in Nathan’s (NATH) today. The stock is trading at the higher end of the trading range and I believe that I can get these shares back later at a better price. The PE is a little high right now at 26.58. Would prefer to buy back the shares I […]
Sold a portion of our eBay (EBAY) position today. While I feel that eBay is still a very strong business with good potential going forward I think that the current price to earnings to growth is getting high at this point (PEG 1.6). However, I don’t feel it’s high enough to sell my whole position, […]
As I predicted the price of Merchant’s Bank (MBVT) has recovered from the unreasonable drop last week. Since I bought the additional shares last week with the whole intention of selling once the share price recovered to sold those shares today for a quick 7.49% gain. Again, I am still keeping the bulk of my […]
Banking stocks are down a bit today, including Merchant’s Bank (MBVT), as a result of a Massachusetts court decision against Bank of America (BAC) which voided a couple foreclosure sales the bank made, which violated Massachussetts law. Banks such as Bank of America were buying and reselling packaged mortgage-backed securities, and because the mortgages got […]