I’ve got a few thoughts to share this week — no new teasers have caught my eye as interesting ones to share specifically with the Irregulars this Friday, but we sure have been seeing a lot of the graphite and graphene teases again (like Byron King’s pitch, and the Oxford Club’s graphite spiel), and everyone except Apple investors (more on that in s a moment) seems to be feeling so much more peppy this year as fund start slowly to move from money-losing (eventually) bonds into stocks … at least until the next Fiscal Cliff (or whatever they call it this time) crisis hits with the debt ceiling and etc. in a few more weeks or months.
This week I did do a little bit of buying — I picked up some more shares of Greenlight Capital Re (GLRE), which I explained here yesterday and have orders in for more if the stock happens to drop as I suspect it might (Einhorn had a bad fourth quarter for GLRE’s portfolio, and not just because of Apple, though we don’t know how the underwriting half of the business did in that quarter yet).
And Agrium (AGU) has been on a tear since I wrote about them as a top idea for the first half of the year a few weeks ago, and since I picked up some shares and options in November, so I whittled down my option holding by a bit to take some profit off the table. I still hold some call options and shares and don’t think the optimism is done, but it’s been a quick and sharp move up with improved forecasts from the company, more pushing from activist investors Jana, and raised estimates from analysts. It’s still not an expensive stock, but it is quite volatile with all the attention it gets.
But really, this week was all about Apple.
As always, Apple (AAPL) has gotten so much attention for their latest earnings release that it sometimes seems to have sucked all the oxygen out of the market — and since I have a large position in Apple shares and have suggested them for the Irregulars in the past, I feel as though I should chime in, too.
So what happened?
Well, the positive spin is that Apple reported it’s best quarter ever in terms of revenue, with $54.5 billion worth ...