Friday, September 22, 2006
I lost 1.7% over the last 5 business day, by bumbling around-- waiting for the fucking dip buyers to get the hell out of my way. It seems, although I could be wrong, those bastards have gone away-- fearing the economic slowdown may be "real" and that Cramer really is crazy for being a "Nasdaq Guy."
Earlier this week, I stated, on this time consuming blog, that I would probably cover my shorts and start buying stock. Well, I did buy ADBE and a few other stocks. But, I changed my mind with regards to covering my shorts.
I thought about it for awhile and remembered all the times I felt wrong about the market-- when in fact I wasn't. I was just a bit early.
Bottom line: I am sticking to my guns on betting the market will swan dive, effectively putting the God foresaken dip buyers on a pike.
As for the makets: Significant losses were found in Steal, Networker and Oil stocks.
Strength was found in Homebuilder, Gold and Retail stocks.
NOTE: MSCC warned after the close. WTF!
What kind of company warns after the close Friday?
Answer: A company who's stock is going down.
The following stocks had notable upside moves:
FACT, BRVO, BYBI, FZN, PZZI, DEVC, HOV, BMHC, NVR, SPF, TPGI, AH, CVTI, CHNR, IOC, EDNE, CNR, HSR, AOOR, HOKU, COGL, PDLI, BVX, ELN, NTMD, HYTM, APT, PCLN, VGZ, ANSW, QPSA, LOOK, MAMA, CLWT, CTDC, CBA, ANCC, TIII, APAT, MRVC, EGHT, DIGL, OCNW, OPTC, BKRS, PIR, NKE, BKS, TVIA, CTCH, CRYP, INTT, BITS, PALM, SYNA, AXTI, STEC, TWTC, LCCI, TU, XFN, HCO, FPU, CVLT, RVBD, HUGH, TALK, OCCX, DYAX, NYMX, CMED, COGN, STAA, TRT, IW, HH, HDY, VNX, MDV, XNR, GCO, TRB, NYX, HMY, WNI, LFC, WLM, POS and WMG.
The following stocks had notable downside moves:
NKZ-WT, ICE, TWPG, ISE, NAFC, HANS, OATS, JJSF, KKD, COSI, TARR, AMN, ACLI, STST, PCR, WOS, KEX, LSTR, QLTY, RAMS, VLCCF, SYNM, GGR, XNL, ARD, GEOI, WRES, HOS, PLLL, WEL, QTWW, END, EPEX, SWN, HAWK, DRQ, GMRK, WHQ, KFX, BTJ, TMY, DNE, BRN, BDCO, ABP, BJS, BRNC, ESLR, STP, SATC, FUEL, ENER, ACI, CFW, LUFK, BTU, PQ, BBG, ERS, BOOM, STLD, ZEUS, ROCK, ANDE, AVR, PEIX, DSTI, DRRX, BDSI, YMI, GTOP, OSUR, ALKS, KOSP, MEDX, VRTX, INCY, EMIS, BSX, KOOL, TRCA, FOXH, CLZR, ELOS, MED, RTSX, GNBT, PPHM, MBRX, CAT, TZOO, FLWS, DSCM, ARTG, WGAT, GOAM, EWEB, LTON, MIVA, MCHX, OSTK, NCTY, GROW, IIJI, NTES, HIHO, VWPT, PWER, MSPD, INTV, INAP, FDRY, NETL, PACW, CAMD, ATCO, SONS, VRSO, ANTP, GIGM, DVW, LNOP, PWAV, SMMX, AGR, CTRN, GME, BNG, BID, FORD, EVST, BONT, KOPN, OPSW, MENT, EPIC, NWRE, CBZ, WIND, DGIN, ARBA, MSCC, IBIS, EGLS, EMKR, RMBS, IDTI, SPSN, NEXT, LSCC, SSTI, IRSN, SLAB, MIPS, OTIV, SIGM, FEIC, TUNE, SUNW, LPL, GFX, AATI, WFR, ANAD, BESI, VIMC, SANZ, DTLK, FALC, FLSH, SNDK, XRTX, CTCI, FRP, TALX, CALL, UTSI, SLNK, SJW, SWWC, CPL, CTCM, ATEC, EGLT, NOVC, NSTR, MA, WNS, OMRI, EICU, BAS, GGL, EPIX, PTEC, EXAS, ANPI, INFA, FNET, NBSC, ANEN, ALOG, NGA, SYX, AP, BOW, FRP, BFT, ECR, OMN, VC and AKS.
I had reserved shared of AATI yesterday and didn't pull the trigger on the short, down 25% today.
Damn. Good times.
Take a look at my short list a few posts ago. Its there.
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