Bought Intuitive Surgical, Peerless Systems
I bought Peerless Systems (PRLS ), which makes
printer guts. They've gotten absolutely hammered over the past year, though
they still seem to be making good
money.I also bought Intuitive Surgical
(ISRG ), which makes
a surgical robot system. They're way overpriced, and not normally the kind of
stock I go for. (I tend toward kind of boring, predictable companies.) These
guys are probably worth about $75 a share, and it's selling at
$110.I also shorted Regal
Entertainment (RGC), because I think movies are going to be in decline for
decades.In general, my stocks have
bounced back from their lows a couple of months ago. I am no more optimistic
about the economy, though, and I wish I had a brilliant place to put my money
where I could be sure it won't turn to worthless paper. I don't think America
could withstand a real estate collapse as easily as Japan has. I'm glad I have
no debt.
Filed Thu - October 12, 2006, 10:55 AM in
Return to: |