Mr. Vick and I are off to Spring Lake Country Club today for a rematch with those two toothless sharks from Staten Island, but before I pack my clubs and hit the links, I thought I'd better provide a few updates.
First and foremost, The Famous Author is feeling better today. Yesterday's post described TFA's waning enthusiasm for our future, and a number of friends checked in to voice their concern. TFA's PR lady even called with a new radio interview. Despite a certain lack of PC-ness, and the risk of offending some of TFA's friends, here's my favorite email on the subject, which was addressed to TFA:
"Hope you will hang in there and remember you have a lot of fans who care about you, even if there isn't a goddam book store in Fairyland smart enough to promote a good mystery. Maybe if you have Austin consider a lifestyle change, the (San Francisco) Bay area will get 'behind' him. He can sing in the gay chorus and solve a murder at a bathhouse."
In the area of hot tips, our current investment vehicle, EXC, fell below $70 a share yesterday. On Monday, I said I would sell at this point and take the loss, but darn if I'm throwing in the towel when I feel a change coming. My market indicators suggest stocks in general are way, way oversold, and I think EXC (Exelon) is extremely well positioned to rebound.
Sometimes you have to go with your gut. Plus, I keep thinking about that $90 a share takeover rumor.