Monday, February 2, 2009

LAST WEEK I WAS A SUPER BOWL STAR. THE PRIOR WEEK I WAS THE GROUNDHOG AND ENGULFED IN MY SHADOW

My missives from this past week were worthy of wearing a Steelers uniform. Flowers Foods was up $.50 today for a nice percentage gain. My Vulcan puts and shorts gained value as that stock continued its slide. Best of all, I followed my own advise and did not short any of the for profit education companies such as ESI. ESI charged upward today as it always does when the market in general is having a down day as investors seek the perceived safety of this sector. Finally PSD edged closer to it's February 6th merger closing date and its price rose a few pennies.

The prior week I thought the pounding of the nation's best airline was overdone and opined that it was a buying opportunity. Southwest [LUV] stutter stepped for a few days and has gone down ever since. That brilliant decision, so far, was worthy of  Punxsutawney Phil  being engulfed in his shadow. It's a gloomy feeling. 

Todays results were approximately a push financially since I put more money into LUV. I'm hoping that the Steeler in me makes a continued comeback tommorrow and I can lift that cloud as making money sure feels good.

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