Tuesday, December 05, 2006
Sector Spotlight: Retail
So far, we are enjoying another stellar day at the office-- with all sectors looking green and healthy. Most momentum buyers are piling into the Homebuilders and Retail.
I can't get behind the Homies. The fundies are too bad and they are the bears public enemy #1. However, after driving myself insane going Christmas shopping, I am starting to believe this is going to be a knock-out quarter for many retailers. I mean, the lines are outrageously fucktarded.
Aside from the Retailers, I like the strength in the Semi's and Networkers.
Also, I really liked the quarter SCMR posted and feel the stock is dirt cheap. I may start buying some-- considering it trades near cash. Talk about a shell company-- look at SCMR's balance sheet.
Finally, I am happy MVIS reversed off $2.40 and is now repeatedly punching the shorts in the face. Who shorts $2.50 stocks anyway?
The following Retailers have mojo:
Now, those who buy $2.50 stocks are just looking to have a little fun.
Bottom line: I hate guys/gals who shrt $2.50 stocks.
One of the many things that annoy me.
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