As markets have continued to rise since the March lows, I've stuck to my strategy of selling positions that reach my end-game targets. Despite this summer's generous boost to most people's portfolios, it produced few meaningful breakouts for individual stocks. A notable exception was Noven Pharmaceuticals (NOVN), which I sold after Hisamitsu Pharmaceutical announced its acquisition (see comment).
This Labor Day Monday we discovered the absolutely best kept Colorado secret - Jackson Lake State Park. It only took us an hour to drive up to the lake, located 75 miles north east of Denver and 23 miles west of Fort Morgan. We arrived mid afternoon and were surprised to see very few people there.
Here is my bullet point National Health Care Plan:
- Mandate creation of a National Health Insurance plan provided through private sector insurance companies.
- Cost of each National Health Care policy covering a US permanent legal resident paid by the Federal Government.
- Convert all current government health care recipients (Medicare, Medicaid, Government Employee) to the new plan.
- Set minimum standards, coverage and maximum cost for all plans qualified as National Health Insurance.
I made another step towards self sufficiency yesterday by learning how to properly butcher a kosher chicken. Two Black Leghorn roosters gave their lives to the cause. They were the most misbehaving - plucking hens and always causing a ruckus. I still have 50 chickens (way too many) and a turkey (G-d willing, we will have her for Thanksgiving) left!
On a hot Sunday, July 19, we drove up to the mountains to cool down and meet up with Alex and his boys, who spent the weekend there. Sofae and her third cousin, Jason enjoyed an afternoon moment at a kids playground in Keystone.
"The Feds are making the mortgage mess even worse" goes the title of a July 7th letter to the editor of Delaware Online by Linda A. Moffett, a Realtor from Newark. In it Linda charged the Feds with forcing mortgage lenders to deal "with such ridiculous government-imposed regulations that it is becoming more and more difficult to settle on time, if at all... Banks laid off the majority of their mortgage department staff and hired temps with little or no real estate knowledge to get through the overabundance of refinances and short sales."
About four months ago a feral cat that befriended us when we first moved into the house gave birth to yet another litter. This one was the biggest one yet - nine kittens in all (see them in the first picture taken by my sister, on her visit Tuesday, June 16, 2009). I have no idea what happened to kittens from all her previous litters - they all just disappear after a while.
Shares of Cigna Corporation (CI)(and other health insurance companies) have been depressed for quite a while now, pressured first by Cuomo's investigation, then by general recessionary pressures, followed by overwhelming one time losses from a run down business and finally by the uncertain threat of a health care reform that can wipe out all private health insurers. However, Cigna shares have now more than tripled since their March low of $8.
I am happy to report that after an almost six month hiatus, I have cherry picked a worthy stock to buy and that stock is... (drum roll, please...) Abbott Laboratories (ABT). My last stock buy was a late January of this year purchase of Pfizer, Inc. (PFE) I will begin with a few words about why I continue to like big pharma (I am also holding a position to Johnson & Johnson (JNJ) - acquired late March 2007) and then go more specifically into Abbott Labs.