Sonic Money is a sounding board for my personal investments strategies and stock research. It will be updated in real time. As I make moves in these financial waters you will be able to either join in or watch from the sidelines. Either way my goal is to make money every day through picking long term stock winners, shorting stocks that shouldn't be posting gains, betting on sectors that are experiencing tremendous growth, and posting profits that make people take notice.
Thursday, November 22, 2007
Current Target Sectors and Why I Am Investing In Them
OIL - I like Oil Stocks but don't like oil companies. My feeling is that the profits that they (Exon, Shell, BP, etc.) made in the past two years are going to open them up as targets especially when gas starts to hit $4. What could happen? i don't know - the government could sue them, congress could take them to task, oil spills could cause public outcry. These big players also don't see the stock price swings like .... OIL REFINERY STOCKS, OIL TECHNOLOGY STOCKS, OIL CONSULTING STOCKS, EXPLORATION....
TECHNOLOGY - Oh technology I love. I love it so much it makes me blush. Companies like Yahoo and TTWO have been beat up so much lately they are great stocks to pick up at 25.71 (YHOO) and 14.85 (TTWO). Sorry I was talking about industries! The technology industry went through its correction back at the turn of the century now companies like GOOGLE (GOOG) and China's technology boom make me excited to bet heavy on tech stocks.
FINANCIAL - I think financial stocks are sexy. I like the moves some of them are making. More on this later.
Thats the sectors I'm in. Getting ready to get some turkey.