Happy New Years My Friends and Foes!
My first order of business for Smiling Joe:
JOE BEAT INTEL
JOE BEAT INTEL
JOE BEAT INTEL
Thanks to RD for posting the updates in my absence...here is the latest results of the fantasy portfolio:
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Fantasy Portfolio Results (as of market close Dec 30):
STOCK/VALUE/GAIN-LOSS
JOE/$2,166.58/+8.33%
SPY/$2057.09/+2.85%
INTC/$2005.72/+0.29%
($2,000 put in each stock effective on market close Nov 4th)
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With that out of the way...what a couple of weeks it's been for me!!
First, I've personally survived "Planes, Trains and Automobiles--The Sequel!" both coming and going through Europe--Oy Vey! We were better off than most, thanks to the hospitality of friends and acquaintances abroad who put us up when we got stuck.
Once we thought we were in the clear--it was "Planes, Trains and Automobiles--The Three-quel!!" here in the states...more snow & ice in the Northeast!
Then, come to find out I missed the "Mother of All Squeeze Plays" and JOE selling their soul to the devil by bringing Berkowitz and Fernandez on to the board of directors!
But, what I find most disturbing, is that our area has now become Fairholmes' Biyatch, :shock: and anyone who knows anything about this type of (in Fairholmes case) "non-Hedge Fund," they're all for wringing out every single, bloody dollar they can get to gain profit for themselves and their shareholders...good news for JOE stockholders(?) but discomforting as to the future direction of this area.
On well--for Auld Lang Syne, ya'll....on with the game and 2011!
Shel.