PhilStock: just handwringing: 5-16-12

PhilStock: I have been asked why I haven’t posted a PhilStock in so long.  It is not that I don’t have a lot to say as regards recent stock events/performance (basically terrible), I just don’t think any of it is especially philosophical. I might note that the “mascot” stock for this site, Diamond Offshore (DO) (chosen because of the “deep-drilling” metaphor, and the fact that I own it) is ~60, oversold,  as low as its been since January.  Anyone recommending Facebook’s IPO? I never use it.