A broker with a major firm located here in Dallas
informed me on Monday that for a nine year period (around
1983-1993) that TXN stock sold for around $10. He said that
there was this 9 yr. period when there was no movement
in the stock and no one made a dime on TI. Does
anyone remember this or know why this happened?
my day. However in the last couple weeks I am
pleased with the performance of the semis. Holdings in MU
are finally looking 'sweet'. AFCI and CIEN are doing
their thing well and MKWT is 'breaking my heart' since
the IPO. Even what I thought was gonna embarass me
(NESY-IPO) is up 163%. Oh, MKWT went public at 17. Damn,
being a DLJ Direct 'user' has had some sweet moments.
Now if only I was smart enough to stay in TXN..JUST
FUNNING. All the above 'success stories' (that's braggin
to Davy) are brought to you (and me) compliments of
tradin profits from TXN.
I am, however, somewhat
depressed also. The 'good' news just seems to keep on
coming. I actually used a calculator today and figured
that the 'pull back' on TXN profit taking would bring
it back to perhaps 113. I will settle for that but
the GREED is on me like a tick. I do agree that it's
a gamble to sell. Never know when 'the boys' will
just dump another batch of good press releases.
Now, the stock. Slugging through all the posts these
last days has netted me a positive attitude. All the
press is positive. TXN is 'doing it's thing' and going
against the market (cept the semis). Let's see what kind
of reaction the PPI tomorrow morning brings. Of
course we could get a bit of nervous activity should it
show even a hint of inflationary pressure. TXN is just
about over valued again. The 'pump' from these last few
days of great news will run it's course and Bobfai and
I will have a good chance of executing our GTC.
Which, Davy, (for the record again) is 115 and 113 for
And yes, Virginia, my DLJ is still down six
figures. These interest rate scares really hurt the
financials. Y, por su puesto, Vino rosado es muy saludable.
(and, of course, red wine is very healthy).
Leon...(though Cher did it better on 'Dark Lady')?
your image of me is what I want to be.
you unkindly, buy darling can't you see, there's no
one more important to me,,darling can't you please
see through me....cause we're alone now and I'm
singing this song to you"
Isn't that special?
Strong showing today of all days.
digit semi growth! Estimates up 30%.
are very funny. Afraid of success. All year I listen
to you bitch and moan and here it is! Why the heck
are the one or two of you out? The rest of us are
I bought more TXN at $92.5, you know that. It will
not be ahead of itself until we see $115+more than
30% = $140. We still have upside. With a potential
split announcement I would not sell till
When the split is announced then you sell. Not
the hell do you mean
What gentlemen the
regulars have become.
it's just because it's
too soon to crow. you know how i feel about this
short term stuff, but hey, today maybe your time. if it
gets to 140 and you are still out i will probably
if it goes back to 112, i'll say damn,
wish i had sold at 123.
and you know
what---short term, 112 is more probable than 140. imo---but
it's still a gamble to sell. :-)
You're right that the split doesn't add value to
the stock, but the news is usually followed by good
news and management feels the stock will hold
I've followed these and the gains can be very good.
The site http://www.splitpredict.com has some stock
split goodies which caught my attention.
a txn split right now, who knows? The stock should
do well anyway.
my post on the subject said " I am overcome with
ambivalence" as to the bond.I use it in the sense of being
'neutral'.It appears to be factored in and techs are surely
showing resilience. That little comment about 12% growth
in semis today was a nice touch, too..Kept Bobfai
and me from getting our GTCs executed. I noticed
another upgrade of TXN today too..
Now, to the
'bragging'..It sure helped my MU, DELL and CY.I have held CY for
a long time!
What gentlemen the regulars have
become. Not a single comment about Bobfai and I being
'out' with TXN rallying. I am very glad to see it do
so. In the grand scheme even if it corrects now it
has put in the showing and surely will move back up
when the coming profit taking hits. The barrage of
good news and events all seem to be going TXN's way.
If we see the typical profit taking coupled with a
couple of 'nervous days' (on who knows what news) it
could pull back 10%. But!! that may not give us much
margin to claim we made a good move.I will take it back,
however, at any price under 115. Will be fun to see what
is left to hold it up. Is it time to talk split yet?
No talk of that today. Oh, well! Would say 'gettin
nervous' but it would be a lie.
Look at the big picture. Greenspan is at the
helm. The American worker has his retirement in the
market. They will not let anything major happen because
of this. Oil is one of the major movers of the
economy. The Saudis kept the price low for our help in
Kuwait. But the glut was too much so they bumped the
price up slightly. As the higher oil prices make their
way through the economy we are seeing the
Bottom line is the inflation concernes are a blip and
are already factored into stocks. The Fed is
jawboning the market to keep it down. If stocks go too high
then we really will see inflation concerns. The market
is fine where it is. If they raise rates 1/4 point
(a good chance of that) it will make little
difference. - In my opinion.
"30-YEAR BOND 6.011%: Yes, this page is about
stocks, but one of the most important issues for stocks
is the interest rate environment. The bond is
trading above the 6.0% yield today for the first time in
more than a year. Though the move through an arbitrary
level like 6% is in and of itself not that important,
the prolonged uptrend in rates since last fall is. So
too is the threat that the Fed will raise the funds
rate a quarter point to 5.0% at its next meeting on
June 30. Until and unless the interest rate threat
recedes, there will not be a summer rally in stocks. The
key factor in determining the interest rate outlook
will be next Wednesday's Consumer Price Index report.
It was the surprising 0.4% increase in the April CPI
ex-food and energy number that rocked the bond market and
prompted the Fed to adopt
a tightening bias at its May
18 meeting. Though that CPI report did raise the
threat of accelerating inflation, it followed
exceptional CPI reports which had suggested that inflation
was still falling. Briefing.com has been arguing that
April report was a one-month fluke, most likely the
result of a problem with seasonal factors. We expect a
very friendly 0.1% increase in May core CPI as a
result. If we were to see such a benign report, market
expectations of a Fed tightening would fade and the bond yield
would drop back below 6%. Then and only then will
stocks be set up for a summer rally."
and if you bail out on the early pops they say
that you are exibiting something less than 'investment
protocol' according to them. I usually pick IPOs that will
(hopefully) do well in the long run, however, MarketWatch and
a couple of others were real barn burners on the
first couple days. I was real temped to bail but held.
I do not honestly know if they would limit my
participation if I traded the latest IPO in less than 30 days
or not but since I select as stated above I cannot
say if they will really penalize.