BAGAKOAA; 27 April 2012 Short Like Me

Post 637

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April/2012

I didn't want you worrying about me so I thought I would send out a quick one tonight. It is 11:15 as I start, but feel it important at the very least to let you know we had a change in market conditions. We'll tell you more about that shortly.

 

As I mentioned last Sunday night we have had a busy hectic week. After a long day at the office yesterday researching a project, I got home to find that Devin wanted to go out to dinner and stimulate the economy. We grabbed some Italian at a place I had not been to in couple of years. Tutta Fresca. When dad was alive we would have lunch there 5 days a week. If we didn't have lunch there, we were having it brought in for lunch. I enjoyed a piece of Halibut that was very pleasant.

 

Then it was off to Target aka "The Black Hole". Devin and meandered around the store for about 45 minutes. It was fun as Devin had put her crutches in the basket. I watched as she would walk by people almost hitting them with the weaponry. She actually did hit this Hispanic woman on the back of the head.

 

Then I watched her cruise the through the woman section looking for just the right pair of workout pants. She spotted them and like a crocodile at the waterhole snapped them up and threw them in the basket. It looked like she did not even check the size, so I suggested she check. I then illustrated what she looked like when she claimed her prize and I may have exaggerated a bit by throwing the clothes about 9 feet into the basket. She thought it was cute, but I did not notice a three year old boy about fifteen feet away was watching me and grabbed a pair of underwear and hurled them at his mom. That was when the beatings began. I leaned over to Devin and pointed out what was going on and told her, I should be feeling worse than I am. Little Tommy survived the mother's melt down and I an sure he will never throw clothes again in a store until he is 55 years old.

 

As we were checking out, Devin still had her weaponry in the basket. I told the checker that this was the third time this week that she had stolen crutches from Target this week. Devin was not amused.

 

Once we left Target, we checked in with Jack who asked us to pick up and Oreo Shake. Devin wanted one as well, so I drove through the drive through and the bill was $6.01. I handed the girl $6.00 and asked her to get a spoon and spoon off one cent of the shake as I did not have a penny. Again, Devin was not amused. The cashier was not amused either, but I think English was a third language.

 

Today, Miss Ellen forced me to clean my desk until I hit would. My "to do" list is not 27 items alone for the next 4 weeks. Thanks Ellen. Then Devin wanted to go to Target. Yes we had not been there for hours, but she "needed" a few things. She really needs to look up that word "needed". After stimulating the economy, we stopped by our other family of furry friends so Devin could check in on the horses. Here she is getting a kiss from Big Dog Pedro.

 

That would be Devin on the left. 

We came home and I fixed huge mountains of Nachos with all the trimmings and frozen bananas for desert. (Not as easy as it sounds.) We then watched The Dolphin Tail movie and now I am writing my blog.

 

 

We will talk more about the market over the weekend, but on Wednesday night, I suggested we did not have enough volume for a follow through day to change the market sentiment out of a "market In Correction". I was wrong. The S&P 500had enough volume and inertia to get us back in a market uptrend. In other words we have a Green Flag flying.

 

Here is the note I sent to the Salve Lucrum Family.

 

"Boys And Girls;

 

To my surprise, we have seen a follow through day yesterday in the S&P 500.  While the first attempt at a rally started on Aprils 10, we had not seen direction and volume strong enough to get us out of the correction.  The S&P provided both yesterday.  That means we will have a GREEN Flag in the blog tonight.  That does not me that we (or you) should just jump in to those nice stocks we have been talking about.  Patience in determining an effective entry point.  I have been using IBD's MarketSmith in evaluation entry points and stop prices.  I you have any you want some input on please drop me a note.

  

We will continue to be cautious, using the Auer Fund Screen and Buffet Evaluation Worksheet to choose winners.  They were instrumental in finding AGU, ESIC, BOFI, and LMT that have done well over the last few weeks.  With a green flag, perhaps these high quality stocks will take off on us?

 

Again if you want any feedback on any stocks or get a feel for a decent entry point, drop me a note.

 

Brian"

 

One of our readers, did ask about JPM and WFC. After running all the numbers and doing some homework we liked WFC and initiated positions for most if not all the portfolios. More on that later. Thank You Jerene. Oooopsss. Now if we all lose money I have someone else to blame.

Salve Lucrum 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Brian Ireland
 
Since 4/26/2012
BAGAKOAA;

I am not a professional investment advisor. Anybody reading my blog and investing accordingly must be out of their minds. I have made more money than I have lost. There are many more qualified people than I to actually tell you how to invest your money.

BAGAKOAA=Boys And Girls And Kids Of All Ages

Salve Lucrum=Latin for Hurrah for Profit.

2012 Year Ending

Dow 13,073

S&P 500 1,358

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