Recognition At Last!

My blog was visited by none other than Jim Kamnikar, CEO and President of GoAntiques, Inc!

That's remarkable, and he had nice things to say about my analysis too. Here is what he said:

Enjoyed the Wikiality article. You are spot on - community building and social networking is our IT focus for 2007. A little slow on the draw, but certainly the proper direction. Keep up the good work. Jim Kamnikar, President and CEO, GoAntiques, Inc.

June 19, 2007 2:47 PM

This gives me some "street cred" :-). I have been analyzing traffic patterns of a whole host of sites including GoAntiques. Just when I was feeling demoralized for not being able to land a coop for the summer, I have something to huff and puff about. Cheers to Jim Kamnikar, one of the most colorfully dressed CEOs out there!

INVESTING IN Petrobras, PBR

Investing in PBR, Petrobras on the company being undervalued. It was fluctuating around 80 now its way up at 120! too bad I didn't stick around for all the gains (still made 20% for about 3 months of sitting on the money). but thats not my fault, I knew there was more to be made but needed liquidity to funnel into my ebay business.

I actually still think there is hope for PBR, except that the global financial markets is probably going to take a good beating, and the brazilian stock market will go down with it. I think one would be better off staying on the safe side, even though there are likely to be huge fluctuations. In my opinion, therea are two major problems with the present global environment - the US and China. In my opinion China has overheated beyond the point where they can turn back and they are either going to get burnt, or some maverick maneuvring will save them. In either case, the shit will hit the fan. The US is also going through a major crisis with major fiscal mismanagement, consumer demand falling, inflation and empire building all eating up. With two of the vital legs of the global economy foundering, I don't see a pretty picture ahead. The present situation is being preserved by heavy government intervention, mostly under the table - Note the so called Plunge Protection Team in the US. But you can't force the market, as Nick Leeson found out, so will these giant economies. Eventually they will lose to the market and it won't be pretty.

One way of using the plunge protection team to your advantage would be to invest in blue chips, as these would be the "commanding heights" that they would want to prop up. Thus, its safer to invest in blue chips. Also, precious metals may not be bad either. While from a technical analysis point of view, gold may have peaked in its natural cycle, I think it could bump up and go further rather quickly. Oil stocks will remain very very attractive, particularly those that cannot be blocked by Iran in a coming war over nukes. I'd think PBR would do real good there.

Enough free stock advice that nobody will listen to anyways, and for a contrarian like myself, thats not a bad thing.