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This Quarter's Sentiment:
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SocialPicks Community
Retreat retreat retreat
FAF
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+23.14%
in
326 days
(closed on 10/11/08)
TOKYO, Nov 20 (Reuters) - Japanese Economics Minister Hiroko Ota said on Tuesday the government has no plan to set up measures to support stock prices for now.
<> <> Not many have access to the Fed meeting minutes. Only those the Fed wants on the same page. It is the federal Reserves position that the way to save the financial institutions from real collapse is to encourage them to shore up their balance sheets with real money. The fed wants the mortgage companies and the bond insurers to shop for REAL capital. The type of real money needed to shore off a credit rating down turn. It is...
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Don't touch financials
FAF
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+15.03%
in
297 days
(closed on 08/30/08)
Stay away from the banks, brokerages, S & Ls, mortgage insurers, community banks, etc. A time will come to buy these, but ti's not now. All the bad news isn't out there yet.
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From the Blogosphere
Bookkeeping: Closing Out First American (FAF) Post Earnings
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First American (FAF), a title insurance firm (predominantly) reported earnings today and while they are very good on the quarter they are guiding for some softness go forward. This is not a surprise since Cash for Cul-de-Sacs plus seasonality (more homes sell in spring, summer than fall, winter) kick in. The chart is beginning to weaken as well, so we're going to exit this name which was a backdoor play on "housing recovery" and remind ourselves to load up on every form of housing stock next March so we can cheer the labeling of green shoots that bulls will read into "improving" housing m< />< /><><>< />< />< />< />< />< /><><><>< />< />< />< /><>< />< /><><>< /><><>< /><>< /><>< /><>< /><>< />< />...
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Fund Performance Period 10
Bookkeeping: Many Limit Orders Hit
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I had a bevy of limit orders hit this morning - these are all mechanical trades that I set out earlier and just happened to hit at once this morning.
First the limit purchases - these are not huge purchases but get us some exposure at far better prices than were to be had the past few weeks. All together about 2.75%
- BHP Billiton (BHP) @ $62 (executed at $61.77) - added about 0.75% exposure
- Blackstone Group (BX) @ $13.66 (executed at $13.44) - added about 0.75% exposure
- E-House Holdings (EJ) @ $20.55 (executed at $20.04) - added about 1.25% exposure
Please note - we just sold EJ out yesterday at...
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Bookkeeping: Selling Most of First American (FAF)
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Enough is enough - pigs get slaughtered. I am selling all but 25 shares of First American (FAF) at around $31.90 - I wish I could say there was some special insight I could offer here on reasons for the run. I see many stocks with the same look... parabolic.
[Jul 30, 2009: First American Profit Triples]
[Apr 30, 2009: First American Beats by a Mile]
 We'll buy back when the market next falte... ah, nevermind.
p.s. a moment of condolence for anyone trying to short commerical REITs: many of which have rallied 30-40-50% this week alone. I was once one of you circa spring 2009... I'm sorry for yo...
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First American (FAF) Profit Triples
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I obviously did an incredibly poor job of checking to see who was reporting today, First American (FAF) (title insurance) another decent sized holding reported this morning and put in a great number. Unfortunately this name has been so tied into mortgage rates (I think incorrectly) but you can't argue with the market. It's such a quiet stock I missed the breakout the past few days as well... hmm. Need to clone myself, right quick - not enough hours in the day.
Looks like they beat estimates by 16 cents, which makes the weakness of the stock everytime it was hammered when mortgage rates ...
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About The First American Corp.
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