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MexCom's  Instablog

Alan R. Goozner During the 1994 Peso crisis, I started an e-mail newsletter. This followed from my comments to Mexican interest groups and list servers on the rapidly expanding Internet. The newsletter became a copyright publication : "The Mexican Commentary." This had a limited paid... More
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  • SE - Analyst Upgrade Boosts Spectra Energy 0 comments
    Oct 9, 2009 12:57 PM | about stocks: SE
    Spectra was a spin-off from Duke Power.  Traditionally, many spin-offs from utilities do not do well.  After all, why did they spin it off at all.  My biggest tragedy in spin-offs came from Verizon with Idearc and Fairpoint Communications - both turned out to be dogs.  In fact they are both worth less than fleas on dogs.

    Spectra however, seems to be doing well and today got a boost from Goldman.  I also got a boost today with an upgrade to IVAN.  Needless to say, I shouldn't complain about seeing my stocks go up in price but publicity from an analyst upgrade invites volatility where immediate action to buy often results in a short-term disaster.

    I was tempted to sell some SE today but what to do with the proceeds and what if it continues to go up - always a bad decision.  This makes doing nothing a cop out to not making a bad decision.  I.E. don't make any decision - but this too is a bad decision.

    So my advice is don't do nothing.  Do your own DD.  Then take pride on making lots of money on these and other I mention from you own hard work, analysis and perseverance as an astute investor/speculator.

    Disclosure:  I have long positions in SE and IVAN.
    Stocks: SE
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