iBooyah.com Investment Matters

06-28-07:  The much anticipated Apple’s iPhone is scheduled to go on sale tomorrow (June 29, 2007).  With all the attention being paid to this product, one would think it is the second coming of Christ.  The media is all over this thing.  To give you an idea of how crazy it is, on my local news, they were showing people camping out in front of the AT&T store hoping to be among the first to own this expensive beta product. The scene reminds me of the Star War movies hype.  I have to give it to Apple’s marketing machine; they were able to hype this product beyond any stretch of the imagination. The hype has done wonders for the company’s stock price.  Trading about 30 points higher than when the product was announced, the expectation of this product can only be described as immense.

Posted by ibooyah at 01:34 PM | Permalink | Comments (2)

6-21-07: Blackstone Group (BX) debut is expected Friday morning on Wall Street.  In light of the increasing demand, the company increased its IPO price to $31 per share.  This does not mean the ordinary Joes like us will be able to get it at this price. All this means is the rich folks that are connected will be able to get at $31 per share.  Once it hits the street, the price will reflect its true demand.  We anticipate this stock will debut at a much higher price. Our guess is it will be in the high $50 per share coming out of the gate.  Should investor jump in and attempt to take a piece of this hot pie?

Posted by ibooyah at 03:11 PM | Permalink | Comments (0)

6-19-07: Investors have all but given up on this company.  Even a change in top management has failed to excite investors.  Terry Semel is out and Jerry Yang (co-founder) has now been appointed to take the company to the next level.  Some analysts are saying this is just a temporary measure, but we believed Yang is in it for the long haul.  After all, Yahoo! is his baby. Yeah, he’s no Steve Jobs, but we are willing to give Yang the benefits of the doubt. While a change at the top will not do much in the short term, we believed this move is due. 

Posted by ibooyah at 08:19 AM | Permalink | Comments (2)

6-13-07: The recent market decline suggests the stock market is definitely in correction mode.  We had been expecting to see some sort of correction for about a month now. The daily record breaking close cannot continue at this pace. Our view is the market is not yet done correcting and investors should hold on tight.  Although the DOW rallied 187 points today, we believed this is temporary.  One should take this opportunity to cash in recent gains and consider selling the losers.  Personally, we believed this market is too good to be true. 

Posted by ibooyah at 01:44 PM | Permalink | Comments (0)