Friday, October 13, 2006
On Tuesday, the following companies are reporting 3rd quarter earnings results:
ADTN, BOT, CSX, EMC, INTC, IBM, JNJ, LLTC, MER, MOT, NCC, NVLS, WIT and YHOO.
Additionally, we will get a slew of economic data and it will be interesting to see how the market adjusts to colder weather. Meaning: Will oil jump? And if so, will the market hold its gains?
Recently, I have been forced to go long stock, despite my deep convictions that everyone is fucking moonbat crazy. To date, I maintain large positions in VLO, GD, DNA and SNDK. However, recently, I have been trading more often, scalping profits in EQIX and RACK (short), while taking on new trading positions, such as GLBC and ATHR (short).
Finally, if you are a bull, you must be concerned with the psychotic runs many micro-cap stocks have been on, lately. Stocks like BKHM, VTSS, CMOS, BITS, TPC, LPTH, CMGI, VRSO, CYTR, CYTO, ACOR, AGEN and scores more are ramping, but they are not leadership. They are 3rd rate companies-- that are attracting new money from the gambler class. The guy who is out to make 100% tomorrow. The downside to the gambler is his inability to sustain large losses, causing the hot stock to plummet-- once cooler heads prevail.
I have noticed, when the micro caps start running, the rally is mature and its time to get out.
The question that is the most difficult to answer is: When? Can't I milk one more trade?
Perhaps the answers to those questions and more will be answered Tuesday evening.
RIMM is not fucked. Non-event.
RIMM fucks its books, hedge fund managers with sub 110 iq's go long and help you out.
Me I don't give a damn - I'll make money regardless - it's just easier in a bull market, don't ya think?
Have a happy.
go down after earnings whatever the earnings are. How will Tuesday matter?
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