stlplace(Update June 7) As you would have expected, the stock dropped again (about 2.66%) after I bought it yesterday. Call it Major’s rule: stock usually drops after Major buys it.
(Original) I got a little more Starbucks (SBUX) this morning. After I bought it I realized the stock got cheaper today probablly because Panera (PNRA) issued a warning on its Q2. PNRA was down as much as 13%, partially because of the rising price of grains.
I felt this baby (600030.SS) was being thrown out of bath tub when the Shanghai Composite Index dropped from 4300 to 3600, amid the raise of stamp tax. Logic here was the raise of stamp tax will reduce stock trading, which will reduce Citic’s business from trading side.
(Update June 6) The bumper is on the way now. It’s from: USAUTOPARTS NETWORK, 17150 S. MARGAY AVE, CARSON CA90746, as shown from agsystems. Not UPS or Fedex.
(Original June 5) No I have not involved in car accident or anything. I merely demaged the front bumper because of my own carelessness: in the parking lot. Last time when I did the demage to the left side, I fixed it by putting a washer underneath and fastened it. But this time I demaged the right side. I tried the same trick but it did not work. So I went to the bodyshop. The quote is $825 (minimum) for replacement and paint (include labor).
On Dec 15, 2006 I bought 46 shares of CROX at $42.40. I bought and sold (traded) more CROX afterwards, but I kept those 46 shares all the time. This morning it reached as high as $85.10.
All right, ever since the Chinese regulators found the silver bullet and pulled the trigger, the Shanghai composite index lost more than 500 points and a lot of people lost money or gave back the gains they already made, some of them are “crying foul” for the goverment action. Well, in stock market, just like in NBA, complaining to the referee usually won’t help. We should focus on what we can do to “stop the bleeding”, or “protect the gains”.
Hit new low in May. Here are the number of IPOs the first half of this year:
Jan: 9
Feb: 11
Mar: 5
Jan to Mar subtotal CNY 67.5 b
Went to St. Louis Jazz and Heritage Festival 2007 at Shaw Park at Clayton yesterday. The weather did not cooporate, but the music was good. Note St. Louis has a very strong heritage in Jazz and Blues.
Went to Chesterfield mall yesterday. Something new (at least new to me):
1) Journeys is expanding there. The regular Journeys got a new place (first floor, at the intersection), the old Journeys store is “Journeys Kids”. Journeys is a subsidiary of Genesco (GCO). Foot Locker is trying to take over Genesco but was rejected for now. We know in business “No” does not necessarily means “No”, just like sometimes when girls say “No”, it’s not really “No”.
We often heard story like that someone made $5,000 in stocks in one month. Cool. But that does not tell the whole story. Why?
There are a few questions I like to ask:
1) How much did he/she make the month before and after (that particular month)? Did he/she make more money (less money) or lose money in other months. We are looking for consistency here. Also in investing we typically measure performance in longer terms, e.g., by year, at least by quarter or 6 months.
2) More importantly, how much money did he/she started with? Is it $5,000 or $100,000. The return will be 100% or 5%, respectively. Big difference.
I thought Chinese colleges like to change their names, such as my undergraduate alma mater, Huazhong Institute of Technology (HIT), changes its name to Huazhong University in Science and Technology (HUST) during 1987-1988, it changed its Chinese name again in 1990s (From 理工Li Gong to 科技Ke Ji).
It seems some US schools like name changes too. My graduate alma mater, University of Missouri at Rolla, is going to change its name to Missouri University in Science and Technology, so it will be a MUST for short. The main change is replace Rolla with S&T. I can understand the rationale behind this change, but I still prefer UMR to MUST. Although I have been in St. Louis for 7 years now, I miss my days in Rolla (the Wal-mart, Hardeer, Tokyo’s, and friends there).