Tuesday, August 23, 2005

Do The Market Hokey-Pokey

You put your right foot in...
You take your right foot out.
You put your right foot in...
And you shake it all about.

So, after the Intel Developer's Conference produced nothing but a ho-hum, I exited the Intel (INTC) in the 25.80s for a tiny profit. I swapped back into EBAY at the close of the day at $39 on the nose. I figured I'd go ahead and take the discount that it's giving me.

In other news, Harrah's (HET) announced last night that it bought the Imperial Palace for $370MM. I'm a bit surprised that they made their purchase so soon after their mega-acquisition of Caesar's. But, this is a tiny purchase for a monster like Harrah's, so maybe it's not such a big deal.


Anonymous said...

I didn't think about this last night, but look at the locations. They're right across from Caesars and next to each other. If they could add in the Flamingo Hilton and pick up Barbary Coast for a small amount, they own that whole corner.

Anonymous said...

Sounds like you thought real hard about this post. I bet it took Terrell Owens less time practicing the Ray Lewis dance in front of the mirror than it took you to come with this post. “Do The Market Hokey-Pokey.” Quit being such a fucking tool.