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| Thursday Nov 02, 2006
Revenge of the white elephantTaipan Group's Dynamic Market AlertBy J. Christoph Amberger-----------------------
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Revenge of the white elephantby J. Christoph Amberger If life hands you lemons, the saying goes, you might as well make lemonade. Good, sound advice. Unless you have a proclivity to slice your hand open as you're cutting your lemons. I was reminded of this as I tried to make the best of being stuck with a rental cargo van yesterday. My car was in the shop and this white elephant of utilitarian automotive design was the last remaining vehicle Enterprise had on the lot. Since I found myself unexpectedly at the helm of rolling empty space, I decided to make good use of it. We’ve had the ruins of a Ping-Pong table rotting at the edge of our property for years, and this was as good an opportunity as any to take it to the dump. As it turned out, large segments of particleboard that have been allowed to soak up two years of rainwater are quite heavy and unwieldy. And since even cargo vans’ rear doors require metal fixtures to keep them in place, it is quite easy to get your had caught between sharp metal and heavy Ping-Pong table segments. Something has to give in situations like this. Usually it’s the soft tissue of your hand. After I had wrapped a bandage over the gaping triangular tear in the back of my right hand, I finished the loading process and got to the dump with about two minutes to spare before they closed the gates. The steady drip of blood through the bandage was annoying -- it’s surprising what a baby aspirin a day does to your clotting capacities -- but after dropping off the van and retrieving my car from the dealership, I had access to my first-aid box again. “Toujours pret,” as they say at the Boy Scouts. Things were going swimmingly until I arrived home, where the best wife of ‘em all had discovered the paper towels I had used to clean up the mess. After a look at the cause, she sent me off to have “someone look at it.” I knew better than to argue, just as I knew better than to expect urgency from the “urgent care” facility at our local hospital. After watching a middle-aged man toss his cookies for three-and-a-half hours, I left the place with six stitches and a splint that immobilizes my thumb. Fencing’s out of the question for a week. And being extremely monodextrous, it now takes me an hour to type up a single page. It could have been worse, though. I could just have wasted the opportunity to have an automotive white elephant to get rid of some junk...
Does Warren Buffett read WOW?by Adam Lass “Warren Buffett’s own Berkshire Hathaway (BRKA/BRKB) has quietly added purchased an additional $263.3 million worth of TGT, increasing their position in same some 4787% since June.” For months, I have been pounding on how bad Wal-Mart (WMT:NYSE) has gotten at just about everything they do, and conversely how good Target (TGT: NYSE) is at the same game. Here are two more examples: Wal-Mart is being featured on BusinessWeek Online because their publicist was doing political wet work on the side. Meanwhile, Target was featured in USA Today because that 800-lb. gorilla of value investing, Warren Buffett’s own Berkshire Hathaway (BRKA/BRKB), has quietly added purchased an additional $263.3 million worth of TGT, increasing their position some 4787% since June. Did he read my write-up of TGT in WaveStrength Options Weekly, or did WOW’s proprietary charting system simply detect him adding to his position (despite his habit of asking the SEC to keep mum about these things). Doesn’t rightly matter, now does it. What does matter is that WOW’s recommendation had already seen max gains of some 123% prior to USA Today letting the cat out of the bag. As of yesterday afternoon, that max gain increased to 132%. Nor was this a fluke: Last Tuesday, WOW readers were clued into the on-line goldmine Verizon (VZ:NYSE) is sitting on. Lo and behold: This weekend’s Barron’s raves that “Verizon has got the goods” in its new ultra powerful FiOS delivery system, and goes on to note that VZ may soon be matching its 1990s growth rate. WOW readers have already seem their recommended VZ option position put on 16.33% overnight. But there is still plenty of room to run, as our profit target is 33%-73%. ----------------------- Earnings Announcements for Friday, Nov. 3, 2006 Allianz AG, Ameren Corporation, ATP Oil & Gas, Cryptologic Inc, Duke Energy Corporation, Elizabeth Arden, Harris Interactive, Hollis-Eden Pharmaceuticals, Lakes Entertainment Inc, Peoples Energy Corporation, Spectrum Pharmaceuticals Inc, and the Washington Post Company are releasing earnings. Brought to you by http://www.AmericanCapitalist.net
Unlock Dates for November 2006 Brought to you by http://www.gressor.com
Upgrades and Downgrades Baker Hughes upgraded by Matrix Research from Buy to Strong Buy. Pepsi Bottling upgraded by HSBC Securities from Underweight to Dell upgraded by Goldman Sachs from Sell to Neutral. Zygo downgraded by Matrix Research from Buy to Hold. MasterCard downgraded by Morgan Stanley from Overweight to Equal Weight. CVS Corporation downgraded by Deutsche Securities from Buy to Hold. Caremark Rx downgraded by Wachovia (Outperform to Market Perform) and by First Albany (Strong Buy to Neutral). Brought to you by http://www.vixtrader.com
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