Louetta's Lore

[Rob]

I know what it means...and it is the first thing I discount when reading a statement...Doug

I figured you knew. And having been a business owner in the past myself, I also knew. I posted the definition for the benefit of those who may not know. Also, I wouldn't be too quick to discount goodwill completely, although it's always good to question the validity of the valuation.

[IIC]

Louetta...The Q's couldn't get past the upper BB or 50sma...you might get a good opp on those puts today

[IIC]

Looks like a top on the Q's to me 37.44

[billyjoe]

I figured you knew. And having been a business owner in the past myself, I also knew. I posted the definition for the benefit of those who may not know. Also, I wouldn't be too quick to discount goodwill completely, although it's always good to question the validity of the valuation.

Rob,
Have you ever compared the balance sheets of two companies in the same group and found that the one trailing in earnings, sales etc. will invariably set a very high value on their goodwill and or intangible value ? I'm sure it's not a 100% fact ,but it happens often. Two in particular would be FUN vs. SIX.

------------billyjoe

[IIC]

Looks like a top on the Q's to me 37.44

Guess I was wrong...now at 37.50...But I really believe it will come crashing back down

[Rob]

Rob,
Have you ever compared the balance sheets of two companies in the same group . . . ?

To be honest, Billyjoe, it isn't often that I look at how assets are broken out. I mainly look for revenue and earnings growth, and I will compare the bottom lines on the balance sheets to previous quarters. I also pay attention to share dilution and cash flow. If I really want to dig into a company's reports, I will look at that other stuff.

[IIC]

Guess I was wrong...now at 37.50...But I really believe it will come crashing back down

Still wrong...Geez...I hate being wrong Ski...although...

[Louetta]

Just went to about 50% long from 25% long. Put more money into a large cap value fund I have in an account which provides very limited choices though this fund has done fairly well in recent months. Bought 6 Poormans stocks DXPE FIX ICOC MIKR PWEI VPHM. Chose those cuz out of his stocks I kind of liked the charts, reasonable PEs, his comments generally positive.

Note: since cutting my exposure last May to 25% or so I have tried twice to get back in, decided in a few days I was wrong and got back out losing some money each time.

Reason for doing this at this time is the market has done well two days running, Art Cashin seemed to think the technicals looked better, interest rates and oil prices down a little, people in the Mideast have stopped killing each other in large numbers for at least a few days, market seems to be ignoring recent increase in terrorists threats, inflation seems somewhat contained, Fed pause.

[Websman]

Just went to about 50% long from 25% long. Put more money into a large cap value fund I have in an account which provides very limited choices though this fund has done fairly well in recent months. Bought 6 Poormans stocks DXPE FIX ICOC MIKR PWEI VPHM. Chose those cuz out of his stocks I kind of liked the charts, reasonable PEs, his comments generally positive.

Note: since cutting my exposure last May to 25% or so I have tried twice to get back in, decided in a few days I was wrong and got back out losing some money each time.

Reason for doing this at this time is the market has done well two days running, Art Cashin seemed to think the technicals looked better, interest rates and oil prices down a little, people in the Mideast have stopped killing each other in large numbers for at least a few days, market seems to be ignoring recent increase in terrorists threats, inflation seems somewhat contained, Fed pause.

The Vulcans are evaluating this situation. I will be running Poormans stocks through the VTP...

[Websman]

Of all the Poormans stocks you listed, I like em all except for MIKR. I'm still bearish on it.

As for the rest, I may pick up a few shares soon, if this rally confirms itself a little more.

[IIC]

This market is very tough to figure...Until I think I can figure out what is going on I will hold nothing over except for my 2 longer term holdings...ICOC and ABAX.

Day trading suits me just fine for now...although I feel like I'm penny pitching...or is it pinching???...tryin' to make 30-50 cents when I can...Actually, my account that I DT in is doing quite well YTD...Too bad my other accounts are not...Best, doug(IIC)

[JohnHenry]

Bought 6 Poormans stocks

Hi
Is this a web site or a person or both? sorry..I don't

[Louetta]

This market is very tough to figure...Until I think I can figure out what is going on I will hold nothing over except for my 2 longer term holdings...ICOC and ABAX.

Day trading suits me just fine for now...although I feel like I'm penny pitching...or is it pinching???...tryin' to make 30-50 cents when I can...Actually, my account that I DT in is doing quite well YTD...Too bad my other accounts are not...Best, doug(IIC)

Agree with all that except I think there's a chance we've turned a corner, though maybe temporarily. I've been doing something like day trading, maybe day and 1/2 trading. One thing works and the next doesn't.

[Louetta]

Hi
Is this a web site or a person or both? sorry..I don't

Both, sort of. There is a website www.poormans.com though to see most of the stuff you need to subscribe ($25 a month). I think its worth it. I spent $60 on commissions just today so $25 a month?...though I am not a subscriber. There is a guy, Bruce Brotnov, who calls himself Poormans who runs the site and posts several times a day on the IBD website. He is very good about answering questions for his many followers. He's a pretty good stockpicker methinks so I often steal his stocks when I need something in a hurry like today.

[IIC]

Agree with all that except I think there's a chance we've turned a corner, though maybe temporarily. I've been doing something like day trading, maybe day and 1/2 trading. One thing works and the next doesn't.

If we hold overnight then it's swing trading...That is absolutely my favorite way to trade...1 to 10 days...But geez...some of my faves are acting wacko over a few days lately...Right now I prefer to just catch it when I can...I will never be the one to call a bottom and I'll never be the first one to call a market reversal...Well, I might try to be the first one...But w/ heavy $$$ I wait for what I consider confirmations...One of my 3,156 "Sayings To Live By" is..."I'd rather miss a profit than take a loss"...Stick around Louetta...After about 2 years you'll probably read all 3,156 of 'em ...Best, Doug(IIC)