Sunday, July 13, 2014

"I AIN'T IN NO HURRY TODAY" - WAITING FOR EARNING!!!!

                                       "THAT'S JUST MY OPINION" - VOL. - 56
I have been battling a serious medical issue for the last two weeks - hopefully it will be resolved soon!
So any prayers you can send my way - would be deeply appreciated!
I hate to sound like Jim Cramer - but I'm here for one reason and one reason only - "TO MAKE YOU MONEY".
"I AIN'T IN NO HURRY TODAY" by the Zac Brown Band - released in 2013.
Where did the DOW close on December 31st, 2013? ANSWER - 16,576.73 or up 26.5% for the year!
Where did the DOW close on Friday? ANSWER - 16,943.81!!!
WITH ALL THAT'S GOING ON IN THE WORLD - AND WITH ALL THE TURMOIL GOING ON IN WASHINGTON - YOU WOULD THINK THAT THE MARKET WOULD BE ACTING WORSE THAN IT HAS!!! WHY? THE MARKET IS WAITING FOR EARNINGS!!! I BELIEVE THAT FOR THE MOST PART - EARNING WILL SURPRISE EVERYONE TO THE UPSIDE!!!
I LOOK AT THE RAILROAD STOCKS - WHICH ARE VERY CLOSE TO 52 WEEK HIGHS - AND I SAY TO MYSELF - SELF - SOMEBODY IS BUYING PRODUCTS IN THEIR RAIL CARS!!!
THAT TELLS ME THE ECONOMY IS SLOWLY BUT SURELY HEADED IN THE RIGHT DIRECTION!!!
NOW - I HAVE TO MENTION THAT ON FRIDAY LATE IN THE TRADING DAY - I SOLD OUT MY ENTIRE POSITION IN MU - WHY? THE REASON WHY I OWNED IT WAS THAT LEE COOPERMAN - BILLIONAIRE STOCK TRADER OWNED A LARGE POSITION IN THIS STOCK. WELL I NOTICED THAT ON FRIDAY - MU HAD TRADED 16,838,477 SHARES - MORE THAN DOUBLE IT'S NORMAL TRADING VOLUME!!!!
REMEMBER I BOUGHT THIS STOCK WITH AN AVERAGE OF $ 5.79 A SHARE. I SOLD IT AT $ 6.81 A SHARE - A RETURN OF 17.62%!!!
I HAVE A FEELING LEE COOPERMAN WAS EXITING THIS STOCK - I WAS NOT GOING TO WAIT AROUND AND FIND OUT LATER - STAYED TUNED - WE SHALL SEE IF HE DID SOON!!! 
I HAVE A STOCK I WANT TO BUY WITH THE MONEY I COLLECTED!
I HAVE TO WAIT TILL FRIDAY TO BUY IT - THAT IS THE DAY THE FUNDS SETTLE FOR TRADING.
I'LL LET YOU KNOW ON FRIDAY - I'LL JUST BLOG THE SYMBOL.
INSIDERS IN THIS STOCK HAVE PURCHASED  4,788,000 SHARES IN THE LAST 6 MONTHS!
INSIDERS HOLD 211,770,000 SHARES!!!
ALL RIGHT - LET'S LOOK AT THIS WEEK'S ACTION.
THE DOW -  HI - 17,063.83
                  LOW - 16,805.38
               CLOSE - 16,943.81  OR FOR THE WEEK DOWN 124.45 OR DOWN 0.73%
NOW LET'S LOOK AT MY WIFE'S, MY SON'S AND OTHERS ACCOUNT HOLDING.
REMEMBER THEY HAVE AIG - WHICH IS 21.96% OF THEIR PORTFOLIO.
DIS - WHICH IS 20.96% OF THEIR PORTFOLIO.
MU - WHICH IS 15.41% OF THEIR PORTFOLIO.
IT DID NOT START OUT THAT WAY - BUT BECAUSE THESE STOCKS HAVE APPRECIATED SO MUCH - THAT IS WHAT IT HAS BECOME.
DIS - CLOSED @ $ 86.89 OR UP 0.05 CENTS OR UP 0.06%
AIG - CLOSED @ $ 54.52 OR DOWN $1.12 OR DOWN 2.01%
REMEMBER THIS STOCK IS STILL TRADING AT A 20% DISCOUNT TO BOOK VALUE!!!
MU - CLOSED @ $ 32.80 OR DOWN 0.93 CENTS OR DOWN 2.76%
ON WEDNESDAY MORGAN STANLEY REPORT STATED SAMSUNG PLANS TO HIKE IT'S DRAM OUTPUT AND SAMSUNG PLANS ON BUILDING A NEW PLANT IN 2015 TO INCREASE DRAM OUTPUT - I DON'T KNOW ABOUT YOU - BUT WHEN YOU PLAN ON BUILDING A NEW PLANT IN 2015 - THEY WILL BE LUCKY IF IT'S FULLY OPERATIONAL BY 2017!!!
WHAT YEAR IS THIS? - OH YEAH - IT'S 2014!
WE HAVE AT LEAST 10 FULL QUARTERS OF EARNINGS BY MU BEFORE THIS NEW PLANT IS OPEN!!!!
BESIDES SAMSUNG ALSO SAID THAT DRAM CHIP PRICES COULD RISE TO $ 4.80 - $ 5.00 IN THE THIRD QUARTER AND IS PLANNING TO HIKE DRAM CONTRACT PRICES!!!
MAYBE I'M STUPID - BUT HOW COULD THAT POSSIBLY HURT MU'S EARNINGS IN THE NEXT 8 QUARTERS?????????
MU - IS GOING TO $40 A SHARE - IT'S A SCREAMING BUY!!!!
JCI - CLOSED @ $ 50.73 OR DOWN 0.70 CENTS OR DOWN 1.36% FOR THE WEEK.
CHECK OUT BARRON'S ARTICLE BY JACK WILLOUGHBY ON SATURDAY - "JOHNSON CONTROLS COULD JUMP 20%"
RIG - CLOSED @ $ 42.89 OR DOWN $1.45 OR DOWN 3.27%
CHK - CLOSED @ $ 28.09 OR DOWN $ 1.32 OR DOWN 4.47%
Check out SSE - THE SPIN-OFF OF CHK.
IT WAS UP 0.73 CENTS OR UP 2.91%
ON 5 TIMES NORMAL VOLUME!!!
FDML - CLOSED @ $ 20.01 OR DOWN 0.81 CENTS OR DOWN 3.89%
NKE - CLOSED @ $ 77.29 OR DOWN $ 1.16 OR DOWN 1.48%
LOOK UP THE ARTICLE IN FORBES ON SUNDAY - WHICH STATED THAT NKE POSTED A 21% INCREASE IN SOCCER REVENUES FOR THE MAY - JUNE PERIOD BEFORE THE WORLD CUP!!!!
GE - CLOSED @ $ 26.55 OR DOWN 0.31 CENTS OR DOWN 1.15%
RECENT INSIDER BUYING IN THIS STOCK.
IF THIS STOCK CLOSES OVER $28 A SHARE - IT COULD HAVE A RAPID MOVE TO $34!!!
SO EVEN THOUGH THE MARKET WAS SLOPPY THIS WEEK - TO SAY THE LEAST!!!
OUR PORTFOLIO'S ARE STILL UP BETWEEN 10.11% AND 12.19% FOR THE YEAR!!!

                                                 "THAT'S JUST MY OPINION"
THANK YOU;
LEN DWELLE
lendwelle@hotmail.com



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