This loss speaks well to my decision to go back to college and invest there in an economics degree.
Tuesday, March 20, 2012
Sold CLF
I sold out of my Cliffs Natural Resources (CLF) position this morning for $71.00 a share, as the net profit margin is narrowing. It represents a $16.30 per share loss from the $87.30 purchase last August. CLF is in a commoditized industry (steel), so it was not a pure Buffett play.
Tuesday, January 24, 2012
Bought NYX
I have a gut feeling that something positive will develop for the merger prospects between NYSE and Euronext-Deutshe Borse, even while the European Union balks at the merger. At a p/e ratio of 9.9 and with longterm debt of 3 times net income, I just see too much potential for either a merger or in independent operation going forward to stay on the sidelines. These companies have a monopolistic control of stock trading, either way.
The current ratio is only 1.04, but the business doesn't need tons of cash to operate, as I see it. While I'm stepping a little out of my comfort zone, I'm buying a position in NYX and will continue to see what happens in the coming days and weeks before buying more.
Monday, December 5, 2011
Sold out Medtronic (MDT)
Due to a decreasing projected net profit margin for Medtronic (MDT) in the "Value Line" presentation, I sold out the remainder of my position this morning for $36.51, plus a small commission. This represents a tiny profit of about $1 per share.
I continue to be concerned about inflation in the money supply, so gold (GLD) is an option I will always keep on my mind in a world with central banking (5th Plank of "The Communist Manifesto") in the hands of politicians.
Tuesday, November 1, 2011
The Path to Freedom
I just purchased Tolstoy's, "The Kingdom of God is Within You" (one of Gandhiji's central studies) "Sophia Tolstoy's Autobiography" and a book on Mahatma Gandhi's dealings with his Tolstoy's Farm Experiment. If a non-violent path to end Keynsian-Marxist enslavement exists, it will be in Tolstoy's Farm concept to live outside the rule of governments.
Monday, October 31, 2011
I went ahead and bought a position in Corinthian College (COCO) for an average purchase price of $2.09 per share. I sold out half my Medtronic (MDT) position at $34.95 per share, an $0.80 per share loss in order to take advantage of the COCO opportunity. I'll be buying more, as the stock drops and hold where I am, if it continues to climb.
Sunday, October 30, 2011
A Picture of Phil Fisher
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