Stock
Visa IPO, Euro/Dollar and Good, all the Records
In case you didn’t hear the news, Visa Inc., the largest credit card network, is preparing to go public next month under symbol V. According to terms filed with SEC, Visa plans to sell 406 million common shares in its IPO, plus additional 40.6 million shares that will be available for underwriters, priced at between [...]
The Dog of the Chinese ADRs (1) — GSOL
I have had this idea on my mind for a while, but only implemented this month.
The idea is to buy last month’s worst performing Chinese stock (ADR) at the beginning of the month and hold it for one money. At the end of the month, sell the stock and buy again the worst performer of [...]
The Dow: Worst Start of The Year Since 1929
I don’t know exactly when the worst ever start of the year was, but from the available data since 1928, the return of the first three days of the Dow in 2008 seems to be the worst since 1929. In the first 3 trading sessions of 2008, the benchmark lost a total of 464.64 points. [...]
Bought 2000 Alibaba.com Shares
At first, I was very excited when Alibaba.com announced its IPO on the Hong Kong Stock Exchange in early November, but then only to be disappointed by a regulatory procedure which blocks any purchase by US investors of any foreign IPOs within the first 40 days of trading. At that time, I thought I [...]
Performance of My Defensive Stocks
First of all, what are defensive stocks? According to Investorwords.com:
A stock that tends to remain stable under difficult economic conditions. Defensive stocks include food, tobacco, oil, and utilities. These stocks hold up in hard times because demand does not decrease as dramatically as it may in other sectors. Defensive stocks tend to lag behind the [...]
