October 9 2009

In Mantech (MANT) and Myriad Genetics (MYGN) at the moment. Paradoxically, I like both the dollar (UUP) and gold, particularly Rubicon (RBY) on any pullback to longer term (100- or 200-day) moving averages.. if it'll go that low!! One of only 2 gold equities I can find breaking out to new all time highs (the other being GOLD, but that's a $73 stock). Will try to be more active with the blog. Used Wabash National to quintuple my retirement accounts in the last couple of months. Of course, had I bought BAC at $2.45 like I'd thought about, I'd be up closer to 800%! Still like WNC as a turnaround... still only an $85M company. Trying to further refine my 'system' in order to become more of an investor and less of a trader. Funny how more money to work with seems to make everything easier... Also like TranS1 (TSON) forming a double bottom and Wendy's (WEN) on any pullback. I foresee the uplift in the markets to lose some steam and drift lower for an extended period. I'll keep scanning the chart for more winners. Otherwise, concerned about my position in First Horizon (FHN). I thought it was great of them to distribute shares in lieu of cash dividends (why can't BAC or JPM do this?) while cash was tight... reward the shareholders for sticking with them. But with all of the businesses they've sold off, how much of a dividend could they afford to pay if it went back to a cash distribution? Might it only warrant a fraction of the return the equity offers now?