Update - FXP, BZQ, QID, FAZ, AAPL, HAO, UUP

Herein we update recent trade suggestions.

Those who followed our lead in purchasing FXP on May 24th or the week after were up between 4.5% and 14.5% at Friday's close. Markets continue to look weak, but a rally is due so it may be prudent for some to book these profits. We will not close the position at this time.

FAZ is now over 13% higher, QID 14% higher, and BZQ at the same level as when we suggested these as good speculations in our post dated May 21 entitled "Goldman Sachs Share Price Signals Danger."

Perhaps ironically, Goldman Sach's share price is slightly higher now than it was then, which in part is why we suspect a rally imminently.

AAPL, which we like as a short, is over 3% lower and showing relative weakness to the overall market. It closed Friday below its key 200-day moving average, and down for the calendar year thus far. The NASDAQ Composite is also below its 200-day moving average and is down for the calendar year.

We'd keep the APPL short while hedging it with a long bet on the overall market, via purchase of BGU and holding it on closes above 69.20 BGU closed Friday at 73.51

HAO, trading on the Canadian Venture Exchange, recently hit a high more than 40% above our April entry. We're still holding.

UUP is also doing well for us. We're still holding, and still very bullish on the US Dollar.


We receive no remuneration or incentive directly or indirectly in any way, shape, or form for buying or selling the stocks we do, or for mentioning any stocks or companies in this blog. If we hold existing positions we divulge the fact. This blog is merely a diary of some of our thoughts and trades and is in no way whatsoever to be considered investment advice of any kind. Always without fail consult a competent, experienced, and honest broker or investment advisor before making any investment or speculative decisions.

To be notified when this blog is updated : Please e-mail christianguinness@hotmail.com with "Subscribe to blog" in the subject line or click here to do so automatically if your computer is configured accordingly. We have never shared our mailing list with anyone, nor will we. Please note that we only send update notifications when a trade idea is diarized or updated, not if a blog entry only contains general commentary.

Nothing New

Those with equity long-term in AAPL Apple, GOOG Google, LNKD Linkedin, Facebook, Groupon, etc. are advised to keep this in mind :

Click here for an article regarding News Corp's purchase of MySpace for $580 million a few years ago, and current attempt to sell it for $100 million.

We can't help but to also think of MP3.com and Napster.

Who? What?

Exactly.



We receive no remuneration or incentive directly or indirectly in any way, shape, or form for buying or selling the stocks we do, or for mentioning any stocks or companies in this blog. If we hold existing positions we divulge the fact. This blog is merely a diary of some of our thoughts and trades and is in no way whatsoever to be considered investment advice of any kind. Always without fail consult a competent, experienced, and honest broker or investment advisor before making any investment or speculative decisions.

To be notified when this blog is updated : Please e-mail christianguinness@hotmail.com with "Subscribe to blog" in the subject line or click here to do so automatically if your computer is configured accordingly. We have never shared our mailing list with anyone, nor will we. Please note that we only send update notifications when a trade idea is diarized or updated, not if a blog entry only contains general commentary.