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Monday, January 24


Babies and Bureaucrats

Sorry I missed the chat and Stocks to Watch this morning. I had to register baby with the British authorities and then go talk to the American Embassy about getting him a passport. I have to say the British were much more pleasant to deal with, and incredibly, even more efficient.

The American woman at the Embassy said "why didn't you plan ahead?" to which I replied, "how should I know it takes three months to get an appointment to apply for a passport?" It takes enormous self-control on my part when I have to deal with petty bureaucrats.

See you tomorrow, guys.

Posted on January 24, 2005 at 18:15, GMT

Chart of the Day -- Taser, Weekly Chart

Here's a look at Taser's nice "test of top." Read Vic Sperandeo's book which has a chapter on 1-2-3 Trend Reversal Zones.

TASR
TASR, Weekly Chart

Posted on January 24, 2005 at 7:45, GMT

Absolute Returns Are *Not* for Sissies

Portfolio Manager Letter, by Wally Weitz:

"... we were finding lots of interesting bargains to buy back then [in 2000] and our portfolio as a whole seemed very reasonably valued, even though a speculative bubble was about to burst. Now, after a sharp market decline from 2000-2002, the S&P has recovered by roughly 50% from its low, the Nasdaq is up about 80%, and the Russell is up over 90%. Now, almost everything looks expensive...."

Weitz also talks about the silliness of "style boxes," and explains his recent investment in Pfizer. You should read Wally Weitz closely.

Posted on January 24, 2005 at 7:35, GMT

Paying Back 41.5 Cents on the Dollar

China Aviation Seeks 58.5 Percent Write-Off of Debt:

"China Aviation Oil will pay the 100 creditors 41.5 cents per dollar of debt, including $100 million up front and $120 million over eight years, the Singapore-listed company said in a statement today."
Posted on January 24, 2005 at 7:25, GMT



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