::  posted 1/09/07: 6:37 pm  ::   

▼ NOTE:  Comments from today's 'Stop Trading!' segment on CNBC:   ▼
      (remember, all other page links will not work until full recap is posted later tonight...)

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On Apple Inc. (renamed from Apple Computer today) and iPhone announcement (AAPL) ...
[to see latest advance pictures of the new iPhone, this is a pretty good site:  iPhone101.com ]

JC:     One of my top growth stocks for 2007, and I still like it.  I do want to know about the price (i.e., at $499 price point); it seems high to me.  Maybe the Cingular is going to have a little subsidy if you subscribe to Cingular.  I need to know more to make a decision whether it's right to buy up $6, but I do like the stock.  We need more information.

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On KSwiss (KSWS) & Abercrombie & Fitch (ANF) & American Eagle (AEOS) & Nike (NKE)...
(Erin:  Bob Olstein's saying that inventories are rising more quickly than sales; he doesn't like that...)  JC:    I think Olstein's money in the bank.  He's been money in the bank for years and years and years.  And, when I hear what he says, I say, 'okay, look.  ANF - ring the register (i.e., sell) into Merrill's upgrade, because he's right about the inventories.  AEOS's got the mojo - go to AEOS.  You don't need the KSWS.  NKE just reported a great quarter.  You sell the KSWS.  You buy the NKE.  You sell the ANF.  You buy the AEOS.  It's very simple.  Listen to Olstein.  He has yet to be befuddled, or not been able to figure out inventory situations.  He gets inventory better than anyone I've ever spoken to, or have heard interviewed.  He does great inventory work.  If everybody would do great inventory work, managers would do much better.  I reiterate - he's money in the bank. 

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On Nordson (NDSN)...
(Erin:  You need this company to make a cell phone, diapers, depends, or a house, and that is NDSN...) JC:   Domestic was not that good last year.  International saved them.  But they have a continued great history - one of only about 20 companies that have their dividend program of raising the dividend constantly, and I think that's to be commended.  But the quarter was not a great one, so you've got to do a little digging.  It's a chicken cyclical; it's not like buying steel, or copper, or ore...

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On the Venezuela situation, and investing in Latin America, in general...
JC:   Don't just dump Venezuela; get out of Latin America (entirely).  I don't like to invest in companies that don't exist anymore.  That's a very good way to the poor house.  Suddenly, Chavez (President of Venezuela) comes in and says - Look, Chavez is obviously doing all the wrong things.  He ain't a very shrewd businessman - he's a Leninist!  Ring the register!  You are a pig - you are a pig if you're still in Latin America.

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On China Life Insurance IPO (LFC)...
(Erin:  LFC - doubling in its IPO... You said run from China...)
JC:  Yeah, let it come down a little.  If you liked it - up 20% - and it's down 10%... (hard to tell his take)...  

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[ Stop Trading segment stocks listed below ]