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Archive for December, 2006

Didn’t See This Coming

Stocks in emerging market countries generally carry additional risks to US stocks — currency moves, political upheaval, liquidity, etc. But can’t say I’ve ever witnessed this exact headline:
Brazil Indians occupy Aracruz port, stop operations
I’m trying to picture the scene, as we own stock in the paper producer.
Long ARA

Was it Newton?

A smart guy once proclaimed that an object in motion tends to stay in motion. That’s the principle behind many of our trades.
 The stock of Penson (PNSN) has started moving..  After trading in a tight range for two months, the buyers truly got in the Christmas spirit yesterday.  Today’s pause day further bodes well for […]

Scrooge Central

Life is always great when a stock market is hitting highs. But the air is getting thin up here. While reluctant to throw cold water on the holiday season, I’m absolutley seeing events that are far more likely to occur at market tops than bottoms.

Furious pace of Leveraged Buyouts.. even in airline stocks

Career […]

The SEC has apparently run out of corporate crooks to catch, because they are focused once again on regulating the hedge fund industry. After their last attempt failed, they are taking a new angle: limiting investor participation by raising the minimum net worth level.
This would unfortunately affect Teewinot Asset Management, even though we […]