Saturday, September 19, 2009

The late Mitch Hedberg tribute on the Stockpicker blog

Welcome to the first tribute to Mitch Hedberg, my favorite late comedian. If Mitch were here , I think he would give us something like this.
" Welcome to my first late Mitch Hedberg tribute on the Stockpicker blog. We will have fun. I don't know why people call me "late", because I arrived here in heaven "early". There were no escalators or stairs. Hedberg party of one. Sir you have arrived too "early". We are not ready for you yet. Please stand aside over by the fire exit. Wow. I do not want anything to do with fire at this stage in my travels. I will stand over here quietly and have one of these delicious Cinnamon rolls. They are a tasty treat.
"While I wait, I will tell you what happened when I called a stock broker. He told me I should buy something that I can relate to. Well me and my friends after a night of drinking ,drive over to a , Jack in the Box (symbol JACK). We pull in to the drive thru and start talking to the little red post with the person's voice inside of it. Two words that you will need to remember to say, no matter how drunk you are, without laughing. "Bonus Jack". This is the code word. You pull up to the window and the young lady will hand you a big red & white bag. It is delicious because you have the munchies. You have no idea what you are really eating.
Then we will drive over to Micky D's , that's right McDonald's (symbol MCD). Beware of the clown dude there, he is very scary. We will buy mouth watering french fries with salt. The fries box is deceptive. You will be fooled. You see the gold and white stripes on the inside of the fries holder and think you have more fries then are really there. Bummer. You gave away all your fries. You will need to buy more. These companies must have great returns on equity, because twice we have been been duped. Hey wait, we will buy their stock, and get our money back. Thank you for coming to my late Mitch Hedberg tribute on the Stockpicker blog. It was fun to be the guest host. I think I will sit down for a while now, till it is my turn to enter heaven."

Mitch, thank you for coming on the blog. You are the best. Thank you for the great food stock
picks.

Freewilly

Saturday, September 12, 2009

Transport stocks have bottomed and make a turn

My dad was a bus driver. He worked for Public Service in New Jersey back in the
Fifties driving Pennsauken to Camden to Philadelphia. He passed away when I was very young. But I can remember when I was five, he pulled the bus into our driveway. To me it looked like the size of an aircraft carrier,very impressive. My kudo's go out to all the bus drivers out there, (especially my buddy "Coop" , John Cooper devout Eagles fan), that turn that big round steering wheel around racking their back and maneuvering these mighty vehicles around in city traffic.
Anyway this is my segue over to discussing the trucking transport stocks and a shipping stock. I have been tracking YRC Worldwide (symbol YRCW), the old Yellow Freight, in my watch list forever, to see if there was any life in the sector. I was going to recommend it last week at $2.50 but I got busy and needed the above Public Service bus postcard image scanned from my collection and never got around to blogging the post. Well the stock shot up last week 46% to $3.66 a share. (the stock traders lament, the one that got away). Well you can probably still buy it. I would wait till though till after options expiration the third Friday in October.
Some other names to look at in the transports would be Knight Transportation, (Symbol KNX), DryShips (Symbol DRYS), and J.B. Hunt Transport Services, (Symbol JBHT). I have traded DryShips between the $5-7 price range and this was a stock that traded as high as $116.00 share. It is a traders stock to move in and out of.

Happy trading. Be careful with October coming!

Freewilly