Wednesday, September 27, 2006
Today was a gee-golly great day for the market, as it marches towards brand new highs!
Additionally, the market is ignoring bad economic data and will likely go straight up, forever, like MNCS.
Oh, by the way, the spike in oil today was not real. As we all know, oil is heading down to $50 by Halloween and MRVL is going to blow-the-fucking-doors off Wall Street's consensus.
Seriously, I believe the market is in the process of topping. Despite what the shit-shovelers say, stocks are richly valued and are going into the 3rd quarter earnings season- priced for perfection.
What happens when a stock is priced for perfection and disappoints?
Answer: RHAT -23%.
As for me: I am holding my RACK short and believe, despite what HQ believes, they are going to have margin issues-- within 6 months. Also, I bought more VLO and feel the stock has 10 points of upside and 4 down. Keep in mind, net-net, I am still long the market. These are some of my positions.
Today's gains were led by Oil, Gold and Biotech stocks.
Losses were found in Tech, Brokers and Homebuilders.
The following stocks had notable upside moves:
NKZ-WT, FMD, CORS, JAVO, THI, JSDA, NAFC, MRFD, DCBI, HOOK, MECA, PHHM, GVA, CLB, EAGL, RAMS, EXM, DRYS, GGR, URRE, ABLE, USEG, XNL, CFK, PLLL, HOC, VLO, DWSN, TSO, STO, NFX, SU, GEOI, NXY, MRO, ARTW, PEIX, AVR, VSE, BEXP, CPE, GDP, OMNI, MWP, GLBL, GMXR, DVSA, DNE, BDCO, KFX, BTJ, BRNC, BHI, NEU, TEC, EGY, FXEN, NGS, MILL, ALJ, WNR, BLDP, DK, FTO, GGY, RRC, ZEUS, AAUK, RTP, DNA, AOB, NKTR, CELG, AVNR, STGN, BDSI, SEPR, ISIS, NTMD, ONXX, ALKS, VRTX, FOXH, NMTI, ABBI, ISRG, ARNA, THLD, SVA, GNBT, NVAX, BCRX, GOAM, LONG, HSTM, MIVA, NTES, VGZ, HL, AUY, GG, KGC, PAAS, SA, EZM, GM, ANSW, ITRA, HAUP, GLBC, AMCC, ADCT, DPW, MRVC, TIII, TKO, DIVX, GNET, FDRY, LTRX, NETL, RVBD, MRVL, WJCI, TRBM, OPTC, INPH, VTEK, BNG, BAMM, GPS, SRR, JCG, SANYY, MTU, OLED, OPSW, THQI, DGIN, BOBJ, CRYP, VIGN, RMTR, EMKR, ATHR, AEHR, ACTG, CNXT, LSCC, BITS, COGO, IVAC, GRMN, MTSN, VSEA, QSND, CHRT, OVRL, WDC, CLEC, ECIL, CCOI, CALL, GRRF, KONG, IIT, NOIZ, IDCC, SWWC, EDP, CWCO, WCRX, CLAY, ATEC, VNDA, PRLS, NCST, SUMT, HEPH, ARWR, MECA, MDTL, OZN, RWC, NXG, TRT, FUL, FBP, ATU, SLW, HL and EYE.
The following stocks had notable downside moves:
ITG, LAB, CFC, FIZ, CMG, FZN, TOA, BHS, WCI, SPF, DEVC, CHB, TARR, HOV, TIN, CRDN, STST, ESLR, ERS, HSR, ELOS, YMI, BBC, VSTA, CAMH, CNU, VZ, WGAT, OSTK, EDGR, BCSI, AQNT, MNST, WBSN, LQDT, JADE, PCTI, LVLT, ORCT, EQIX, RACK, AVCI, EGHT, TWTR, CACH, ZUMZ, RHAT, ATAR, AMKR, DSTI, NVEC, SWKS, IRSN, MVIS, HIMX, AATI, FALC, DTLK, INPC, LTBG, PGWC, TPC, MR, TWLL, ACOR, MDCC, WOR, CECO, UQM, MII, BE, LCC, F, and HGR.
You've been calling a market top for the last 3 weeks. What up with that? I guess at some point you will be right.
To bet against: buy DXD (200% INVERSE) or DOG.
To invest: buy DDM (200% levered)
So anyone who buys DOG or DXD be ready to dump them immediately if you think the market has bottomed. Because they go down a lot faster than the market goes up. Also if the Dow goes down the SPX and NAZ will also go down and you can buy some SH/SDS PSQ/QID and if you want to short the mid caps - MZZ.
Also Proshares has a similar set of funds. The SH and PSQ are 1 for 1 as is the DOG the others are 2 for 1.
Going on vacation - have a great rest of the week.
Come on John.
The market is flat over the last 6 years. There has been times where the market has slumped for extended periods of time.
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