Asif Suria

Taking the Pulse of the Economy

Thank you Nick. Feeling much better since early July. Can't say the same about the economy. However it was surprising to hear JP Morgan's forecast of strong 3 to 4% GDP growth this quarter and a cyclical bounce even without labor conditions improving.

I must be living in a different world from the JP Morgan's economists.

Buying Aggressively, As Per Ben Graham

@Blizzfan: My focus is indeed on the Blizzard and subscription based WOW part of the Activision Blizzard business as you can see from the following article,

www.sinletter.com/arch...

@nyka: Care to be my editor? :)

@Stone Fox Capital: The IBN calls were part of a strangle as discussed in the following blog entry.

www.sinletter.com/blog...

Given the extreme sell-off in the shares, I was expecting a sharp movement in either direction but mostly on the upside. With the new short selling rules that SEBI has put in place, I believe appreciation in ICICI is likely to be rapid.

Nowhere to Turn: This Bear's Different

@kkin: Looking at a three month chart comparing the Russell 2000 index with TWM, the Ultrashort ETF appears to be behaving as it should and you can see the inverse symmetry from the following chart,

finance.yahoo.com/echa...=^RUT#chart2:symbol=^r...

@rockymtnway: I do have a number of dividend paying stocks but the worry there is the potential higher taxation in case Obama wins. I agree that steel prices are likely to come down some more but SCHN is more than just steel prices and I continue to keep the company on my watch list.