Wednesday, October 22, 2008

Taking Profit

Today I sold shares of Apple bought yesterday. Not very big profit, but profit anyway, better than loss. Sure, yesterday after hours was the time to sell. But OK, it's still profit.

May be I'm wrong about UUP? Sure, dollar should grow now, but at such speed it soon will be at parity with Euro, with purchasing parity of around 1.15. On the other hand, purchasing parity quite often is different from real course. I enjoy the ride so far, but it's time to monitor situation better. Euro parity might be a good time to sell.

Doug Kass is still thinking about inflation in today's article. Come on, we are in deflation already. I really like Doug, read all his columns, but his idea of coming "blahflation", which he defined as high inflation with zero or lower growth, seemed ridiculous to me even half a year ago. Now he woke up. Who's next? The problem of perception: Doug's generation still thinks that inflation is the scariest thing in economy and they just don't see the horror of deflation. Unfortunately, this generation is at power, in companies' boards, in CEO chairs. They are making decisions right now. Too little, too late.

Full disclosure: at the time of publication author had long positions in AAPL and UUP and no positions in other stocks mentioned. Positions can change any time.

Disclaimer: This article is not intended as an investment advice. Every person should make her/his own investment decisions based on all available information and advice from her/his own financial advisor.

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