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I am an independent trader/investor. I like to look for opportunities to long and short equities with specific focus on companies that have gone public within the last four years.
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  • China can't rescue Italy but may give the market some confidence
    FT reported today that China may be considering buying Italy's debt.   I am not sure how much China can do in terms of getting Italy out of the mess it's in.  Italy currently has 1.9 trillion euros of debt.  China is rumored to have about 4% of that debt.  Even if China increased it's stake by another 4%, it still represents a relatively small fraction of the overall debt.  Perhaps from a confidence perspective, it will give the market a short term lift.

    What is more interesting is the potential sale of some companies to foreign buyers such as China.  CNBNC reported companies such as Enel, an Italian power utility, and Eni, the oil and gas multinational may be up for sale.

    The market recovered off its lows on Monday based on this news but unless something else comes up, issues with Italy remain.  The likelihood of China bailing out Italy is almost nil.  The optimism over this news today maybe short lived.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
    Sep 12 5:34 PM | Link | Comment!
  • Time to move to the side lines on KIOR
    If you were lucky enough to get in when I first mentioned KIOR on 8/23/11 when it was trading at $10.15, now is the time to move to the sidelines at least for awhile.  The stock is now trading at $14.02.  It traded as high as 14.81 yesterday before pulling back.  I had a target of $15 on KIOR.
    Sep 02 12:39 PM | Link | Comment!
  • RailAmerica (RA) poised to continue higher
    I first discussed this stock on 8/24/11 in Palo Alto but did not get a chance to blog this until today.  It closed at 12.07 on 8/25.  It has since moved nicely to 12.82.  Still has lots to go.  Staying in this position.
    Tags: RA
    Aug 29 12:36 PM | Link | Comment!
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