Tuesday, December 19, 2006
Sector Spotlight: Gold
Well, the fuckers from Thailand got exactly what they deserve--a 15% nose dive in their markets. First of all, if anyone still had money there, AFTER the military coup, they too deserve to lose 15% in a day. Secondly, Thailand sucks anyway. And, finally, who really wants to invest in a country that requires his/her money to be locked in a vault, with no interest, for one year--just to have the "privilege" of buying their crappy stocks?
Answer: Nobody.
As for our crappy markets:
On Friday, I felt bulletproof. As a matter of fact, I said we were going straight up-- until year end. Once again, mother market "corrected" my over bullish position with several hundred thousand lashings to my face and neck.
Frankly, CC is run by a group of brainless monkeys on lsd-- with all that lcd inventory. Every time I visit CC, I leave saying "boy this store sucks, CC is going to be in the shitter one day."
Wa-la. She is in the shitter today. Hopefully, the fucktards who are in charge at CC will draw down their lcd inventory and diversify their business.
Finally, because the dollar is tanking, oil and gold are on fire. Again, I feel buying oil/gold is an excellent way of hedging the dollar decline and would always keep 10% in oil and another 4% in gold.
I suspect stocks like VLO, UPL, AUY and HL should do well in a weak dollar environment.
NOTE: Donald Trump's vodka is being sold by a very small company, DKAM. The stock has been on fire as of late. Any thoughts?
Answer: Nobody.
As for our crappy markets:
On Friday, I felt bulletproof. As a matter of fact, I said we were going straight up-- until year end. Once again, mother market "corrected" my over bullish position with several hundred thousand lashings to my face and neck.
Frankly, CC is run by a group of brainless monkeys on lsd-- with all that lcd inventory. Every time I visit CC, I leave saying "boy this store sucks, CC is going to be in the shitter one day."
Wa-la. She is in the shitter today. Hopefully, the fucktards who are in charge at CC will draw down their lcd inventory and diversify their business.
Finally, because the dollar is tanking, oil and gold are on fire. Again, I feel buying oil/gold is an excellent way of hedging the dollar decline and would always keep 10% in oil and another 4% in gold.
I suspect stocks like VLO, UPL, AUY and HL should do well in a weak dollar environment.
NOTE: Donald Trump's vodka is being sold by a very small company, DKAM. The stock has been on fire as of late. Any thoughts?
Comments:
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Since your long sentiment is now slightly less than bulletproof, I'll float another short notion: RATE - their web site (bankrate.com) has transitioned from useful to useless, IMHO; they have an acquisition in trouble, and if you check out their web traffic at alexa.com, you can see it has been steadily sliding all year long.
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And if I post any more idiotic ideas (like shorting LFC), please call me an idiot. Slightly embarrassing, but much cheaper ;)
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And if I post any more idiotic ideas (like shorting LFC), please call me an idiot. Slightly embarrassing, but much cheaper ;)
# posted by 
: 1:50 PM
: 1:50 PM 
Have no fear, the ADB are here!
Seems like they are sleeping in these days or maybe they're doing their Christmas shopping in the mornings.
Seems like they are sleeping in these days or maybe they're doing their Christmas shopping in the mornings.
Similar to Jerome, if I ever get another idea to short anything, please kick me in the nuts instead. Less painful.
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# posted by : 2:22 PM
: 2:22 PM << Home
