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Alex Filonov
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I was born in 1956 in USSR. After graduation from college in 1979 I worked full-time as an IT specialist. Until 1990 I worked for different companies in the Soviet military industrial complex. I created a small software business in 1991, which failed in 1993. I worked for Oracle Corp in 1995 in... More
My blog:
Muddling Investor
  • Great October! 0 comments
    Oct 31, 2013 4:41 PM | about stocks: DSW, RH

    No, it's not about October Revolution (1917) in Russia. It's about stock market in 2013. I spent half of the month on vacation, so I rested while my portfolio worked. I should say, it worked quite good.

    What now? Who knows? I still think that we are going to have rally straight into year end. But there are problems (aren't they always?). Stocks are somewhat overvalued. GOP in Congress is determined to kill economy in order to save it. Commodity prices are still high (with exception of corn, which fell off a cliff this year). As always, market climbs a wall of worry, confusion and resistance.

    So far, I didn't trade much lately. Missed most of shutdown/debt ceiling debacle, which was very tradeable, and happy about it. Picked up Restoration Hardware (NYSE:RH) and DSW Warehouse (NYSE:DSW) on dips.

    In the couple months remaining in the year, I'm planning to do the same. Pick up whatever I can on drops. Maybe buy something I'm pretty sure about. Maybe take some profits. This market is scary and exciting, my goal is not to be scared much and keep my excitement in check.

    Disclosure: I am long DSW, RH.

    Additional disclosure: Positions can change any time.

    Themes: Market Outlook Stocks: DSW, RH
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