Wednesday, November 29, 2006
In a nutshell: I just had a bad feeling about SNDK-- after watching the bitch trade over the past week.
Additionally, I am really bullish on the Energy complex now-- mainly because it is contrarian. Everyone I know believes oil is heading lower. Therefore, I think it goes back to $70.
With regards to VLO: Their crack spreads are widening and they should be able to blow away numbers this quarter. Long term, I feel the stock will trade up to $75.
As for today's trading:
Very good for everything but Financials, Trannies and select Semi's. My bear friends believe the market cannot go up, without the trio. Moreover, they feel today's run up was part of a grand scheme to sucker the novice into top ticking high multiple growth stocks.
To them I say:
The jokes on you, pal. The market just cut your balls off and made you its bitch.
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