Showing posts with label Chris Umiastowski. Show all posts
Showing posts with label Chris Umiastowski. Show all posts

Wednesday, June 12, 2013

Strategy Lab

I don't know about you, but I believe the "Strategy Lab" folks are on the verge of expanding the franchise.

Poverty Lab would be a good next step.

Maybe Suicide Lab could be marketed to the faithful shortly after that.

Chris Umiastowski had a Strategy Lab column in the Globe and Mail the other day in which he sorta fessed up about putting a buy recommend on Apple when it was at $700.

That's what he paid to add it to his portfolio. For Chris to be as unperturbed about that move as he claims to be I strongly suspect his portfolio is like mine.

Imaginary.

But Chris is over the moon about the prospects for Apple. If Apple was a "buy" at $700 then it is obviously a "buy lots and lots more at $430."

Had you heeded Chris' advice, you would be looking at a loss brushing up against 40% in less than a year.

Chris may not be perturbed but I'm guessing you might be.

By the way, Chris, if I were you I'd dump those Tesla shares while there's still somebody left on the buy side.

And I'd time that to happen before next winter...