Garmin traded up 6.4% to $85.07 today. Even with slowing auto sales domestically, GPS is still a must. Garmin has made a lot of money for traders, but entering at this point is something that spooks me. I need to learn more about GRMN since I'm such a tech toy novice. 
CNOOC Ltd. traded up 3.4% to $116.75. It moves like a tech stock. How does an oil and gas Co move like a tech stock? Amazing. I wrote about CNOOC over the weekend, and though I've been watching this for months, I just can't pull the trigger. During that time, the stock has ballooned without getting too puffy.What I mean is, CEO trades at only 11 times earnings in a land that needs more and more energy. Sure, alternative energy is bumping up in China, but the need for CNOOC growth is real. Today's rise ended a four-day skid, but volume was mediocre, so I'll stay on the sideline with binoculars.
What about my favorite Co? That would be Apple. Though I consider Nintendo as a stock that has more upside, AAPL will still kick arse. I feel a little queasy about adding more shares without more info about the security flaw in the iPhone, but ultimately, I trust Steve Jobs as much as any CEO. They get serious work done there at Apple. Underpromise. Overdeliver. Basic tenets of great business. AAPL pulled back to $139. I hesitated. It closed at $141.43. I'll hold out until after this week's Black Hat hackers conference. If AAPL has a solution for the iPhone problem, I want to shake the tree and collect more Apples.
These three stocks are in different worlds — wait, does the iPhone have a GPS system? — but longs are are happy bagholders, indeed.
Pupule Paul has a tiny position in AAPL.
No comments:
Post a Comment