Friday, May 16, 2008

My Recent Purchases

Brazil and Latin America: This market seems to be doing extremely well. I have recently added a closed end fund - LDF to add to my existing positions in FLATX and SBS.

Option Calls: Sold Jan 2009 Puts on RIMM, MA, IBN and NOK. (Selling puts in a very simple explanation translates to betting that the stock price goes up or doesn't go down from its strike price).

Technology stocks: Added to my positions on VDSI and GMKT. Hoping that GMKT will take off during this year. Addded ITWO as a sepculative play hoping that it will get bought over in the next few months.

Alternate Energy (Solar and Wind): With the oil price going up, the solar and wind energy stocks seems to be taking off. Not sure how this sector will turn out in the long run, but got into STP, SOL and TRN as short term trades. If you want to play it safer, here are two safe stocks that are indirect plays in alternate energy: GE and CY (which is a majority holder in SPWR).

6 comments:

peecee said...
This comment has been removed by the author.
peecee said...

have seen a lot of ads in TV for GE...for the wind and alternate.. have added it last year ...

peecee said...

what about the food ... think MCD will be good to add since food prices seems to be going up ? or any other guys in this sector

Dallas Maverick said...

GE should be a very good pick for the long haul. This is probably a very good time to accumulate GE if you are planning to add.

Not sure about MCD, but KFT and PEP might be good one's in the food sector.

peecee said...

yo maverick

the airlines seems to be a pretty hit badly ... what do u think, is it the bottom or it can go further more

Dallas Maverick said...

I have never been a big follower of the airline carriers except some select companies.

However, all the carriers have been hit pretty bad because of the rising oil prices. I believe that oil prices are over extended on a short-term basis, but I would not speculate on how high oil prices will go up before they come down, if at all :-)

You could buy the airline industry as an indirect play on oil prices coming down.