May 27, 2009 – stlplace

Stock misconception: listen to experts (II)

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Last Updated on June 13, 2009 by stlplace

It is reported that Pequot Capital will go out of business in next few months (from CNBC). Pequot was headed by Art Samberg (one of the Barrons Rountable 2008 expert), who would have dismal performance if he followed his Barrons Roundtable pick. Quote his best and worst picks (loss > 80%):

Company Ticker 1/4/08 12/31/08 Change

MEMC Electronic Materials WFR 81.40 14.28 -82.5
Qualcomm QCOM 37.03 35.83 -3.2
Focus Media FMCN 55.71 9.09 -83.7
Dogan Yayin DYHOL.Turkey 4.44 TRL 0.66 TRL -85.1

Interestingly, the latest WSJ article still brags about his success. (If he is really that successful, why not stay in the business?) Quote WSJ:

More Nokia smartphones: E63 and 5800 XpressMusic

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Last Updated on May 27, 2009 by stlplace

Here is a review of E63 at Brighthand. This one goes for $149.99 after $50 mail-in rebate at Amazon. I saw lots of Ads for a more high end version E71 at WSJ recently. The main difference is the latter has better camera (3M vs. 2M), has GPS and made from metal (vs. plastic for E63).

Also the touch screen Nokia 5800 XpressMusic goes very well at Amazon ($289.99 after $50 mail-in rebate). I saw this one sells under 2,000 Yuan (one USD = 6.85 Chinese Yuan) in China (amazon.cn) now. Review from phonescoop (via YouTube).

The quick declining price reminds me of one Chinese saying “selling cell phone is like selling cabbage” (in the old days cabbage was very cheap). Guess that’s one reason everyone is selling stuff (music, software etc.) from App store.