Monday, February 06, 2006

A Pisser of a Day

I'm going to vent just a tad here...

What a piss poor day for me with respect to the market. First, Apple (AAPL) gets absolutely clobbered. If this continues, I'm going to be taking a partial loss by dumping half my position. What else?

Remember how I've been thinking about investing in Texas Roadhouse (TXRH)? Well, I have still been researching it, and preparing to buy it... well, Cramer (Mr. Mad Money) pumped it today saying the following (paraphrased):

Texas Roadhouse is the next great regional-to-national food chain. The company runs almost 200 roadhouse-themed restaurants in almost 34 states, and country singer Willie Nelson has been the restaurant chain's spokesman since 2003. If it is like other great regional-to-national stories, it could go from 200 to 800 restaurants, or even more, if the concept is good and management is sound.

The stock ran up today to the 16's. Well, tomorrow is another day... with Fortune Brands (FO) reporting earnings before the open. Let's see how the cruel market treats me tomorrow. Woe is me! Woe is me!

So, yes... it's really not a good day for me. And, yes, I'm quite frustrated by the recent action.

1 comment:

Anonymous said...

Jimbo's been stealing your ideas!