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Friday, December 28, 2007

Was out of VSE at a 34% profit last week, annualized about 60%. Ok.

AMR is suffering big time. All my fortunes are tied to it now. Doesn't look too good. It may go down to $11-12 and then won't be able to look at my brokerage account any more. Not that its easy now.. Selling seems overdone, but given huge debt and high oil prices, the market seems to be right in marking it down so much. May take a couple of years and some luck. Also, maybe coming consolidation in airlines and its spinoff of Eagle may be good for AMR. Suspect though that there may be year end tax selling that's also at play. The 30 day wash rule should make this one rebound a bit in February. Some of the favorite homes on Zillow seemed to have dropped in value recently, kind of heartening.

Had a great time in Maui. Also donated to Smile train today.