Wednesday, October 04, 2006

 

Fly Buy: FDRY

I bought 20,000 shares of FDRY @ $13.46.

Comments:
Uh I think there may be something wrong with me but maybe you could tell me. If energy prices continue to fall without a parachute doesn't that somehow correlate to dramatic less usage (aka global slowdown)? Maybe I am missing something with this DOW and I think Bob Pisani is concerned as well as the other cheerleaders party like no other. ISM numbers were very bad yet we rally? Maybe I just don't understand or learned everything backwards. Am I wrong for thinking this way? I agree you should not fight the trend but when do you decide it may not be smart to be on the track at all.
 
I agree.

I am not a conspiracy theorist, but don't forget the fuckers in Washington have an election and very deep pockets.

My advice is to keep your bias, but stay the course. Follow the trend, but keep a short leash.

ISM numbers were bad, but not scary bad, under 50.
 
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