Wednesday, August 4, 2010

The Return of Moe

Hey, I didn't post in July, the job search has been taking all my time. I'm still out of Fannie Mae and Freddie Mac, waiting for them to finally bottom out. I still think they are great long term plays as the government still backs them.

Haven't bought or sold anything over the past 4 weeks, my returns are finally starting to look decent again. I think in general "the market" has probably bottomed out and now is a good time to snag bargains, then again, it's always a good time to snag bargains. It was a gamble, but as of today I'm still up 2% in BP (BP). I am going to keep my eye on RIM, they got smacked down today. Maybe someone besides Priceline (up 22%) had a good day, but in general the market seems to be blah today. For all the hoopla about Android phones, the Google's stock isn't moving.

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