Friday, September 22, 2006
Leaders Of The New School: Sobb Story
Closing Comments
Finally, this week is over.
I lost 1.7% over the last 5 business day, by bumbling around-- waiting for the fucking dip buyers to get the hell out of my way. It seems, although I could be wrong, those bastards have gone away-- fearing the economic slowdown may be "real" and that Cramer really is crazy for being a "Nasdaq Guy."
Earlier this week, I stated, on this time consuming blog, that I would probably cover my shorts and start buying stock. Well, I did buy ADBE and a few other stocks. But, I changed my mind with regards to covering my shorts.
I thought about it for awhile and remembered all the times I felt wrong about the market-- when in fact I wasn't. I was just a bit early.
Bottom line: I am sticking to my guns on betting the market will swan dive, effectively putting the God foresaken dip buyers on a pike.
As for the makets: Significant losses were found in Steal, Networker and Oil stocks.
Strength was found in Homebuilder, Gold and Retail stocks.
NOTE: MSCC warned after the close. WTF!
What kind of company warns after the close Friday?
Answer: A company who's stock is going down.
The following stocks had notable upside moves:
FACT, BRVO, BYBI, FZN, PZZI, DEVC, HOV, BMHC, NVR, SPF, TPGI, AH, CVTI, CHNR, IOC, EDNE, CNR, HSR, AOOR, HOKU, COGL, PDLI, BVX, ELN, NTMD, HYTM, APT, PCLN, VGZ, ANSW, QPSA, LOOK, MAMA, CLWT, CTDC, CBA, ANCC, TIII, APAT, MRVC, EGHT, DIGL, OCNW, OPTC, BKRS, PIR, NKE, BKS, TVIA, CTCH, CRYP, INTT, BITS, PALM, SYNA, AXTI, STEC, TWTC, LCCI, TU, XFN, HCO, FPU, CVLT, RVBD, HUGH, TALK, OCCX, DYAX, NYMX, CMED, COGN, STAA, TRT, IW, HH, HDY, VNX, MDV, XNR, GCO, TRB, NYX, HMY, WNI, LFC, WLM, POS and WMG.
The following stocks had notable downside moves:
NKZ-WT, ICE, TWPG, ISE, NAFC, HANS, OATS, JJSF, KKD, COSI, TARR, AMN, ACLI, STST, PCR, WOS, KEX, LSTR, QLTY, RAMS, VLCCF, SYNM, GGR, XNL, ARD, GEOI, WRES, HOS, PLLL, WEL, QTWW, END, EPEX, SWN, HAWK, DRQ, GMRK, WHQ, KFX, BTJ, TMY, DNE, BRN, BDCO, ABP, BJS, BRNC, ESLR, STP, SATC, FUEL, ENER, ACI, CFW, LUFK, BTU, PQ, BBG, ERS, BOOM, STLD, ZEUS, ROCK, ANDE, AVR, PEIX, DSTI, DRRX, BDSI, YMI, GTOP, OSUR, ALKS, KOSP, MEDX, VRTX, INCY, EMIS, BSX, KOOL, TRCA, FOXH, CLZR, ELOS, MED, RTSX, GNBT, PPHM, MBRX, CAT, TZOO, FLWS, DSCM, ARTG, WGAT, GOAM, EWEB, LTON, MIVA, MCHX, OSTK, NCTY, GROW, IIJI, NTES, HIHO, VWPT, PWER, MSPD, INTV, INAP, FDRY, NETL, PACW, CAMD, ATCO, SONS, VRSO, ANTP, GIGM, DVW, LNOP, PWAV, SMMX, AGR, CTRN, GME, BNG, BID, FORD, EVST, BONT, KOPN, OPSW, MENT, EPIC, NWRE, CBZ, WIND, DGIN, ARBA, MSCC, IBIS, EGLS, EMKR, RMBS, IDTI, SPSN, NEXT, LSCC, SSTI, IRSN, SLAB, MIPS, OTIV, SIGM, FEIC, TUNE, SUNW, LPL, GFX, AATI, WFR, ANAD, BESI, VIMC, SANZ, DTLK, FALC, FLSH, SNDK, XRTX, CTCI, FRP, TALX, CALL, UTSI, SLNK, SJW, SWWC, CPL, CTCM, ATEC, EGLT, NOVC, NSTR, MA, WNS, OMRI, EICU, BAS, GGL, EPIX, PTEC, EXAS, ANPI, INFA, FNET, NBSC, ANEN, ALOG, NGA, SYX, AP, BOW, FRP, BFT, ECR, OMN, VC and AKS.
I lost 1.7% over the last 5 business day, by bumbling around-- waiting for the fucking dip buyers to get the hell out of my way. It seems, although I could be wrong, those bastards have gone away-- fearing the economic slowdown may be "real" and that Cramer really is crazy for being a "Nasdaq Guy."
Earlier this week, I stated, on this time consuming blog, that I would probably cover my shorts and start buying stock. Well, I did buy ADBE and a few other stocks. But, I changed my mind with regards to covering my shorts.
I thought about it for awhile and remembered all the times I felt wrong about the market-- when in fact I wasn't. I was just a bit early.
Bottom line: I am sticking to my guns on betting the market will swan dive, effectively putting the God foresaken dip buyers on a pike.
As for the makets: Significant losses were found in Steal, Networker and Oil stocks.
Strength was found in Homebuilder, Gold and Retail stocks.
NOTE: MSCC warned after the close. WTF!
What kind of company warns after the close Friday?
Answer: A company who's stock is going down.
The following stocks had notable upside moves:
FACT, BRVO, BYBI, FZN, PZZI, DEVC, HOV, BMHC, NVR, SPF, TPGI, AH, CVTI, CHNR, IOC, EDNE, CNR, HSR, AOOR, HOKU, COGL, PDLI, BVX, ELN, NTMD, HYTM, APT, PCLN, VGZ, ANSW, QPSA, LOOK, MAMA, CLWT, CTDC, CBA, ANCC, TIII, APAT, MRVC, EGHT, DIGL, OCNW, OPTC, BKRS, PIR, NKE, BKS, TVIA, CTCH, CRYP, INTT, BITS, PALM, SYNA, AXTI, STEC, TWTC, LCCI, TU, XFN, HCO, FPU, CVLT, RVBD, HUGH, TALK, OCCX, DYAX, NYMX, CMED, COGN, STAA, TRT, IW, HH, HDY, VNX, MDV, XNR, GCO, TRB, NYX, HMY, WNI, LFC, WLM, POS and WMG.
The following stocks had notable downside moves:
NKZ-WT, ICE, TWPG, ISE, NAFC, HANS, OATS, JJSF, KKD, COSI, TARR, AMN, ACLI, STST, PCR, WOS, KEX, LSTR, QLTY, RAMS, VLCCF, SYNM, GGR, XNL, ARD, GEOI, WRES, HOS, PLLL, WEL, QTWW, END, EPEX, SWN, HAWK, DRQ, GMRK, WHQ, KFX, BTJ, TMY, DNE, BRN, BDCO, ABP, BJS, BRNC, ESLR, STP, SATC, FUEL, ENER, ACI, CFW, LUFK, BTU, PQ, BBG, ERS, BOOM, STLD, ZEUS, ROCK, ANDE, AVR, PEIX, DSTI, DRRX, BDSI, YMI, GTOP, OSUR, ALKS, KOSP, MEDX, VRTX, INCY, EMIS, BSX, KOOL, TRCA, FOXH, CLZR, ELOS, MED, RTSX, GNBT, PPHM, MBRX, CAT, TZOO, FLWS, DSCM, ARTG, WGAT, GOAM, EWEB, LTON, MIVA, MCHX, OSTK, NCTY, GROW, IIJI, NTES, HIHO, VWPT, PWER, MSPD, INTV, INAP, FDRY, NETL, PACW, CAMD, ATCO, SONS, VRSO, ANTP, GIGM, DVW, LNOP, PWAV, SMMX, AGR, CTRN, GME, BNG, BID, FORD, EVST, BONT, KOPN, OPSW, MENT, EPIC, NWRE, CBZ, WIND, DGIN, ARBA, MSCC, IBIS, EGLS, EMKR, RMBS, IDTI, SPSN, NEXT, LSCC, SSTI, IRSN, SLAB, MIPS, OTIV, SIGM, FEIC, TUNE, SUNW, LPL, GFX, AATI, WFR, ANAD, BESI, VIMC, SANZ, DTLK, FALC, FLSH, SNDK, XRTX, CTCI, FRP, TALX, CALL, UTSI, SLNK, SJW, SWWC, CPL, CTCM, ATEC, EGLT, NOVC, NSTR, MA, WNS, OMRI, EICU, BAS, GGL, EPIX, PTEC, EXAS, ANPI, INFA, FNET, NBSC, ANEN, ALOG, NGA, SYX, AP, BOW, FRP, BFT, ECR, OMN, VC and AKS.
Late Day Thought
Quick, sell your house-- it's going lower.
Position Updates: RACK
So far, RACK has survived two days of distribution, but so has AKAM and several other networkers.
My bet is for capitulation of the longs, as the ugly, fat faced market scares them into selling RACK.
Additionally, it is my belief that RACK is undergoing margin erosion in some of its key products.
Finally, I will look to cover around $23-24.
NOTE: Homebuilders are up today. I consider them too risky, ahead of next week's economic data.
My bet is for capitulation of the longs, as the ugly, fat faced market scares them into selling RACK.
Additionally, it is my belief that RACK is undergoing margin erosion in some of its key products.
Finally, I will look to cover around $23-24.
NOTE: Homebuilders are up today. I consider them too risky, ahead of next week's economic data.
Fly Sell: RACK
I sold short 2,000 RACK @ $28.01.
UPDATE: I sold short 5,000 RACK @ $27.72.
UPDATE: I sold short 5,000 RACK @ $27.72.
Fly Buy: ADBE
I bought 1,000 ADBE @ $36.90.
Fly Buy: CSWC
I bought 200 CSWC @ $117.29.
Sector Spotlight: Stuff We Buy
If you can identify a company that sells a product and is embraced by the America populace, you will become enormously wealthy owning its stock. Some of the biggest winners of all time started out with one product mushrooming out of control-- making lots of people rich.
Think KO, PEP, or more recently HANS and SBUX.
Some of the easiest research can be done during a trip to the supermarket. When I take the wife and kids to go shopping, all I do is look for the next big thing. Lets face it, we are gluttons and will stop at nothing until we can maximize our calorie/sugar/caffeine intake.
My point: Get out there and do some damn research and stuff your face to boot. Try to find the next HANS-- its right in front of your face.
For example, unrelated to food but still popular are Heely's sneakers. Have you ever seen 8-12 year old kids rolling around the mall with sneaker skates? Well, that's Heely's.
Personally, I have never seen something so popular with kids, ever. In NYC every kid seems to wear them. Anyway, they are coming public very soon--ticker HLYS. The way I am playing it is through CSWC. Apparently, CSWC owns 43% of Heely's and should get plenty of attention as the IPO date nears. CSWC also owns a chunk of WIRE.
Aside from sneakers, what could be the next big winner in food and beverage?
Could it be JSDA with their disgusting tasting soda's? Or, how about WBD and their vast Russian beverage product line?
I have many idea's. If you have any, please share.
UPDATE: Silly me. I almost forgot to mention that the market fucking sucks today and is poised to crash through the floor. RACK short looks good.
The following food and beverage stocks have products that could be big winners or not:
WVVI, FIZ, SNAK, JJSF, JAVO, GMCR, YOCM, BRVO, VCO,WBD, LWAY, JSDA, PMID.
Think KO, PEP, or more recently HANS and SBUX.
Some of the easiest research can be done during a trip to the supermarket. When I take the wife and kids to go shopping, all I do is look for the next big thing. Lets face it, we are gluttons and will stop at nothing until we can maximize our calorie/sugar/caffeine intake.
My point: Get out there and do some damn research and stuff your face to boot. Try to find the next HANS-- its right in front of your face.
For example, unrelated to food but still popular are Heely's sneakers. Have you ever seen 8-12 year old kids rolling around the mall with sneaker skates? Well, that's Heely's.
Personally, I have never seen something so popular with kids, ever. In NYC every kid seems to wear them. Anyway, they are coming public very soon--ticker HLYS. The way I am playing it is through CSWC. Apparently, CSWC owns 43% of Heely's and should get plenty of attention as the IPO date nears. CSWC also owns a chunk of WIRE.
Aside from sneakers, what could be the next big winner in food and beverage?
Could it be JSDA with their disgusting tasting soda's? Or, how about WBD and their vast Russian beverage product line?
I have many idea's. If you have any, please share.
UPDATE: Silly me. I almost forgot to mention that the market fucking sucks today and is poised to crash through the floor. RACK short looks good.
The following food and beverage stocks have products that could be big winners or not:
WVVI, FIZ, SNAK, JJSF, JAVO, GMCR, YOCM, BRVO, VCO,WBD, LWAY, JSDA, PMID.
Thursday, September 21, 2006
Frank Sinatra: My Way (Live)
Closing Comments
Today was a good day for the bulls. That's right.
Even though the market was down, many stocks did well-- as the bears held back their selling-- late in the day.
Today, there were gains in select Internet, Networkers, Oil and Gold stocks.
Conversely, losses were found in the Semi's, Transports, Homebuilders and Retail stocks.
Even though I wish the market would pull back a little, I am not sure the sellers have it in them to drive this market lower. Therefore, I believe it will be wise to wait for a clear direction, prior to taking any big positions.
As for me: I only would like to know who was holding RACK up today, in order to put an alligator in his/her pool.
The following stocks had notable upside moves:
ICE, GIS, DRI, CMG, CASA, RAMS, ACLI, URRE, GEOI, IOC, SU, ARD, HOC, EBOF, ARTW, USEY, DPTR, SCU, GDP, RIG, DNE, CNX, DO, AAUK, ACI, FPP, BTU, SRA, NTMD, GTOP, ACAM, BDSI, HSP, COLY, HYTM, DSCO, MIVA, PCLN, VGX, INCX, COMS, ONT, TLAB, SILC, BWNG, ATCO, TIII, GIGM, BKRS, PIR, PSUN, CTRN, BBBY, GYMB, EVST, BONT, PXLW, ININ, IGTE, CRM, SMSI, DSTI, BITS, IMX, COGO, XRTX, TAR, DECC, FTE, TPC, NYX, HCO, MA, RVBD, YAKC, MLHR, OSUR, TRIB, ZILA, ZRBA, IEDU, PSMT, QNTA, PSPT, MDV, NSU, PAL, SIM, IW, CLG, TMM, FCL, TRB and IHR.
The following stocks had notable downside moves:
AGE, CLMS, KB, ABV, PDA, JSDA, SWY, FMX, RUTH, LNY, EXP, WCI, NVR, SPF, GVA, MECA, MTH, UFPI, BLDR, KBH, REV, GWR, PACR, DW, IPII, JEC, TRMP, GGR, JOYG, BUCY, NTG, BQI, END, QTWW, CPST, TMY, NEU, ESLR, KFX, HOKU, SATC, DK, FUEL, ANDE, MEK, INCY, ALKS, ASTM, BMRN, WAG, NKTR, RAD, ABC, LDG, ESRX, TEVA, THLD, SMBI, MHS, RNVS, NPSP, SVA, HPQ, GM, INSP, TGLO, RATE, AMZN, TSCM, VSTY, PACT, BCSI, WSSI, STMP, NCTY, ECLG, WZEN, GROW, PACW, BKHM, INTV, EGHT, LPTH, MRVC, OCPI, AGR, LVLT, SMMX, TXCC, TERN, IKAN, DIGL, MRVL, GLW, FRED, DBRN, EZPW, JAKK, BKS, RSH, NDN, FD, DDS, GES, SANYY, WEDX, VIGN, TIBX, KEA, WSTG, RNOW, TTWO, KNXA, SAY, FORM, ESST, SWKS, INTT, NVEC, VECO, RMBS, MSCC, IRSN, ATHR, AMKR, CNXT, SIMG, EMKR, NVLS, SPIL, LRCX, ASTSF, HITT, NEXT, VSEA, FSII, MTSN, PMCS, PALM, SIRF, IVAC, GTW, PAY, ACTS, WFR, AATI, SMI, TNE, TKC, LTBG, CELL, PGWC, IFON, CIG, IPR, ELP, ENSI, NURO, OXPS, EPG, REST, PGTI, NSTR, CLUB, NCST, WSTL, INFA, AMSG, CRTX, MII, IIG, PLM, RAE, UQM, ANX, THX, LEA, AXL, MNC, VC, LRW, OCN, MIL, HMX and ITU.
Even though the market was down, many stocks did well-- as the bears held back their selling-- late in the day.
Today, there were gains in select Internet, Networkers, Oil and Gold stocks.
Conversely, losses were found in the Semi's, Transports, Homebuilders and Retail stocks.
Even though I wish the market would pull back a little, I am not sure the sellers have it in them to drive this market lower. Therefore, I believe it will be wise to wait for a clear direction, prior to taking any big positions.
As for me: I only would like to know who was holding RACK up today, in order to put an alligator in his/her pool.
The following stocks had notable upside moves:
ICE, GIS, DRI, CMG, CASA, RAMS, ACLI, URRE, GEOI, IOC, SU, ARD, HOC, EBOF, ARTW, USEY, DPTR, SCU, GDP, RIG, DNE, CNX, DO, AAUK, ACI, FPP, BTU, SRA, NTMD, GTOP, ACAM, BDSI, HSP, COLY, HYTM, DSCO, MIVA, PCLN, VGX, INCX, COMS, ONT, TLAB, SILC, BWNG, ATCO, TIII, GIGM, BKRS, PIR, PSUN, CTRN, BBBY, GYMB, EVST, BONT, PXLW, ININ, IGTE, CRM, SMSI, DSTI, BITS, IMX, COGO, XRTX, TAR, DECC, FTE, TPC, NYX, HCO, MA, RVBD, YAKC, MLHR, OSUR, TRIB, ZILA, ZRBA, IEDU, PSMT, QNTA, PSPT, MDV, NSU, PAL, SIM, IW, CLG, TMM, FCL, TRB and IHR.
The following stocks had notable downside moves:
AGE, CLMS, KB, ABV, PDA, JSDA, SWY, FMX, RUTH, LNY, EXP, WCI, NVR, SPF, GVA, MECA, MTH, UFPI, BLDR, KBH, REV, GWR, PACR, DW, IPII, JEC, TRMP, GGR, JOYG, BUCY, NTG, BQI, END, QTWW, CPST, TMY, NEU, ESLR, KFX, HOKU, SATC, DK, FUEL, ANDE, MEK, INCY, ALKS, ASTM, BMRN, WAG, NKTR, RAD, ABC, LDG, ESRX, TEVA, THLD, SMBI, MHS, RNVS, NPSP, SVA, HPQ, GM, INSP, TGLO, RATE, AMZN, TSCM, VSTY, PACT, BCSI, WSSI, STMP, NCTY, ECLG, WZEN, GROW, PACW, BKHM, INTV, EGHT, LPTH, MRVC, OCPI, AGR, LVLT, SMMX, TXCC, TERN, IKAN, DIGL, MRVL, GLW, FRED, DBRN, EZPW, JAKK, BKS, RSH, NDN, FD, DDS, GES, SANYY, WEDX, VIGN, TIBX, KEA, WSTG, RNOW, TTWO, KNXA, SAY, FORM, ESST, SWKS, INTT, NVEC, VECO, RMBS, MSCC, IRSN, ATHR, AMKR, CNXT, SIMG, EMKR, NVLS, SPIL, LRCX, ASTSF, HITT, NEXT, VSEA, FSII, MTSN, PMCS, PALM, SIRF, IVAC, GTW, PAY, ACTS, WFR, AATI, SMI, TNE, TKC, LTBG, CELL, PGWC, IFON, CIG, IPR, ELP, ENSI, NURO, OXPS, EPG, REST, PGTI, NSTR, CLUB, NCST, WSTL, INFA, AMSG, CRTX, MII, IIG, PLM, RAE, UQM, ANX, THX, LEA, AXL, MNC, VC, LRW, OCN, MIL, HMX and ITU.
Late Day Thought
Was Yesterday the Blow Off Top?
It makes a lot of sense.
Yesterday, Cramer was giddy, CNBC more unbearable than usual and I felt awful being on the wrong side of the tape. Most tops and bottoms mark high points in investor stress. Meaning: It is common to see investors step in at the top because things look great, while abandoning their positions at the lows-- because they look so bad.
Separately, I feel like punching holes through my monitor, watching SIRF tank (I covered my short $1.50 higher) and RACK not go down (I am short) as the market gets fucking ball and chained.
Also, I am seeing major damage in the SOX today. However, the networkers, namely: TLAB, RACK, BWNG, AKAM, JNPR and FFIV are holding their own and advancing. Go figure.
Yesterday, Cramer was giddy, CNBC more unbearable than usual and I felt awful being on the wrong side of the tape. Most tops and bottoms mark high points in investor stress. Meaning: It is common to see investors step in at the top because things look great, while abandoning their positions at the lows-- because they look so bad.
Separately, I feel like punching holes through my monitor, watching SIRF tank (I covered my short $1.50 higher) and RACK not go down (I am short) as the market gets fucking ball and chained.
Also, I am seeing major damage in the SOX today. However, the networkers, namely: TLAB, RACK, BWNG, AKAM, JNPR and FFIV are holding their own and advancing. Go figure.
Position Updates: ADBE
Apparently, Cody Willard, hedge fund manager and blogger for The Street.com, is buying ADBE too.
Here is a snippet of what he said:
Here is a snippet of what he said:
More to the point, Adobe's other product lines, which account for the majority of its revenue, are positioned for both secular and cyclical growth in the coming years. That growth is likely to take this stock to much higher levels. Here's the story.
Adobe will be rolling out the new version of Acrobat in the next few weeks. The company recently reported a strong quarter and gave big guidance, largely because this Acrobat upgrade cycle is about to hit. That's already pretty much discounted in the stock's recent rally.
But what's not discounted in the current quote of about $37 is that the company will be rolling out a new Creative Solutions package (CS3), which includes upgrades to Photoshop, Illustrator and other programs, in early 2007.
Finally, it's all about the future of advertising and video on the Internet. Macromedia's assorted versions of Flash have become a de facto standard for media-rich interactive advertisements on the Net. And despite Yahoo!'s recent stumblings and the possibility that advertising growth on the Net will slow for a spell, there's no arguing that Net advertising is in the early stages of secular growth inside the cyclical advertising industry. Same thing with Net video -- heard about the growth of YouTube? I want to own the de facto standard that these applications are being built on. That's Adobe.
Quick Alert: Dip Buyers Out to Lunch
Quick, sell the market before those fuckers come back.
Seriously, it looks like a day off for those assholes. I will hold off on any new purchases, because I am no dip buyer.
The SOX is getting lit up.
Seriously, it looks like a day off for those assholes. I will hold off on any new purchases, because I am no dip buyer.
The SOX is getting lit up.
Fly Sell: CHS
I sold 2,000 shares of CHS @ $22.02.
Fly Sell: RACK
I sold short 5,000 RACK @ $28.15.
UPDATE: I sold short 5,000 RACK @ $28.25.
UPDATE: I sold short 5,000 RACK @ $28.25.
Fly Buy: VSTH
I bought 5,000 shares of VSTH @ $8.90.
Fly Buy: SIRF
I covered my SIRF short, buying 1,000 @ $24.34.
Sector Spotlight: Semiconductors
Today, the market appears to be heading lower. However, if you are short, remember-- the dip buyers are assholes and will stop at nothing to own high multiple tech stocks. Be careful.
With my money: I will gingerly short more RACK, while buying stocks like ADBE and CSWC (great venture capital play).
Today's gains are being led by Energy, Internet and Networker stocks.
On the downside, the Metals and Semi's stand out.
For now, I will focus on the semi's, since I feel they set the tone for the overall market.
Right now, the semi's are getting blasted, across the board. Stocks like SLAB, VECO, NETL, ATHR and AMKR are being taken down quickly. Because of this, I will hold off from covering my shorts, until I see signs of recovery.
The following semiconductor stocks have absolutely no mojo:
VECO -6.7%
NETL -6.7%
SWKS -5.4%
ACTS -5%
ATHR -4.5%
NVEC -4.4%
RMBS -4.1%
AMKR -3.7%
With my money: I will gingerly short more RACK, while buying stocks like ADBE and CSWC (great venture capital play).
Today's gains are being led by Energy, Internet and Networker stocks.
On the downside, the Metals and Semi's stand out.
For now, I will focus on the semi's, since I feel they set the tone for the overall market.
Right now, the semi's are getting blasted, across the board. Stocks like SLAB, VECO, NETL, ATHR and AMKR are being taken down quickly. Because of this, I will hold off from covering my shorts, until I see signs of recovery.
The following semiconductor stocks have absolutely no mojo:
VECO -6.7%
NETL -6.7%
SWKS -5.4%
ACTS -5%
ATHR -4.5%
NVEC -4.4%
RMBS -4.1%
AMKR -3.7%
My Positions
Up late, finishing up some research.
I wanted to share with you a list of stocks that I own-- just in case you have any questions about them.
All of the following stocks are positions of mine and many of them have been for quite some time. The stocks that I rip through on this blog, are part of my trading assets, separate from long term positions, fyi.
RIMM, ORCL, ACLI, TUG, GD, DUK, CSWC, LMT, ABBI, SNDK, FRX, WMT, CORS, HD, INTC, LMT, VLO, PFE, DNA, FDC, NCC, CLX, CHS, SYMC, ADBE, GILD, SBUX, NKZ-WT, TXCC, ERS, URBN, VSTH, ALCO, FXI, FXE, WFMI, OSTK, AAPL, CHK, ITWO and WFR.
I wanted to share with you a list of stocks that I own-- just in case you have any questions about them.
All of the following stocks are positions of mine and many of them have been for quite some time. The stocks that I rip through on this blog, are part of my trading assets, separate from long term positions, fyi.
RIMM, ORCL, ACLI, TUG, GD, DUK, CSWC, LMT, ABBI, SNDK, FRX, WMT, CORS, HD, INTC, LMT, VLO, PFE, DNA, FDC, NCC, CLX, CHS, SYMC, ADBE, GILD, SBUX, NKZ-WT, TXCC, ERS, URBN, VSTH, ALCO, FXI, FXE, WFMI, OSTK, AAPL, CHK, ITWO and WFR.
Wednesday, September 20, 2006
Bob Marley: Them Belly Full But We Hungry (Live)
Closing Comments
Today I caved in-- covering some shorts and selling some low quality energy, in an effort to rebalance my posture on the markets.
I took profits in SIRF and losses in NGAS.
Furthermore, I started a position in ADBE, because I feel software will attract hot money, post ORCL.
Folks, the market is busting loose and looks like it will continue to make new highs. If I were to just sit in bad positions, out of shear emotion, I'd be out of business 10 years ago.
Yes, I have made a few bad calls, namely: selling PALM at its bottom, buying VLO, NGAS and shorting RACK yesterday. But, I fight on to make it all back and more.
I have been managing money for quite some time. I have seen the best of times and the worst. Being wrong upsets me, but never clouds my judgement to a degree where I do nothing. I keep moving.
In 2000, I was up over 200% and in 2004 I lost 25%. This year, despite recent pitfalls, I am still up more than 20%.
Will I be wrong again? Yes.
Will I stop clawing to get on the right side of the next trade? Fuck no.
So, in short: I hope you enjoy some of my salty commentary. I enjoy interacting with all of you and do not want to cost you any money. That's why I do this for free, instead of a newsletter.
Listen to what I have to say and make investment decisions based upon YOUR analysis not what some "Fly Buy" post says.
As for the markets: I think it kicks ass.
I will be adding to my longs by releasing idle cash and reducing my shorts. I like software and will add to the networkers.
I fucking hate energy and regret stepping into VLO. However, I will hold my butter on VLO and add on the way down.
NOTE: Despite looking like a bald cabbage patch doll, Cramer called this rally exactly right. Good job, but fuck you.
UPDATE: SLAB warned after the close. This will likely lead the SOX lower tomorrow. I still hold short positions in RACK, ATHR, SIRF and I own MZZ.
The following stocks had notable upside moves:
CORS, GHL, FBC, RJF, AVZ, LM, LEND, JEF, BSC, CLMS, SF, DRI, PNRA, OFI, WFMI, OATS, PTRY, NATH, PFCB, JJSF, EXP, CHCI, UFPI, LNY, ACLI, IRBT, PCP, TBSI, AMN, STST, TUG, RAIL, CLDN, ISWI, SYNM, FSYS, CKX, IPSU, OTD, HOKU, NTMD, KERX, NFLD, MATK, VRTX, HRT, ARNA, MDRX, KOOL, MED, HYTM, CRA, RTSX, WGAT, ARTG, MIVA, SYMC, CHINA, RNWK, MSTR, WSSI, SINA, CACS, STXN, LQDT, ECLG, EGHT, INTV, RACK, GLW, SVVS, FDRY, SONS, SILC, KEYW, AWRE, GIGM, OCPI, NTGR, SMDI, LVLT, GGBM, GLBC, NUAN, CRI, DBRN, BNG, BAMM, CHS, PIR, HOTT, PLCE, CTRN, GYMB, JOSB, CBOU, SCVL, BONT, URBN, GIL, BWS, MW, NDN, KSWS, ANN, CHU, GNSS, SWKS, ORCL, LNUX, BEAS, KNXA, TIBX, CTXS, MANH, SMSI, ATVI, EPIC, IONA, RHAT, OPSW, CRM, ELX, MTIC, LWSN, TTWO, ERTS, SAY, AEHR, MOSY, CNXT, ATHR, NVDA, COHU, TSRA, VECO, IMX, MVIS, OVEN, RIMM, PALM, HYC, GTW, UIS, GRMN, PXLW, MFLX, VSEA, XRTX, CHRT, IOM, SFUN, EMC, LCRD, CCOI, ECIL, CHL, TWTC, CBB, TALX, JCOM, MTE, NTLI, IFON, SWIR, WTT, SLNK, IPR, AWR, ATEC, EICU, TRGT, TDG, WNS, REST, CYTR, MDWV, DMGI, ADSX, MOVI, ICH, MII, PTN, SIM, PKE, CPV, KMX, AIR, VSL, ABY, JBL and NCR.
The following stocks had notable downside moves:
PDA, CASA, OHB, LEV, DRYS, OSG, FWLT, CLB, RMIX, XNL, BQI, CFK, ARD, JOYG, GEOI, PCZ, NGAS, IFNY, HOS, MRO, HOC, VLO, CNR, CRED, OMNI, DRQ, TRGL, WHQ, SWN, HAL, JDO, GDP, CAM, RIG, DNE, DO, BDCO, PTEN, ERF, BJS, STP, ABP, CPST, HP, FPP, BTU, ACI, BMD, PQ, ALJ, CUP, NTO, ARTW, VSE, EMIS, NMTI, TRCA, AVAN, DSCO, GNBT, XOM, APTM, GEEK, NENG, BFLY, RATE, HAUP, CNVR, AUY, SA, ATCO, AVCI, OCNW, NETL, RBAK, VSTH, DSTI, ESST, ININ, VTSS, QSND, AATI, BTM, CTLM, ATNI, TSU, CIG, ELP, TXU, ENSI, VNDA, GNTA, HYGS, WEDX, CONR, GSS, NAK, RAI and BJS.
I took profits in SIRF and losses in NGAS.
Furthermore, I started a position in ADBE, because I feel software will attract hot money, post ORCL.
Folks, the market is busting loose and looks like it will continue to make new highs. If I were to just sit in bad positions, out of shear emotion, I'd be out of business 10 years ago.
Yes, I have made a few bad calls, namely: selling PALM at its bottom, buying VLO, NGAS and shorting RACK yesterday. But, I fight on to make it all back and more.
I have been managing money for quite some time. I have seen the best of times and the worst. Being wrong upsets me, but never clouds my judgement to a degree where I do nothing. I keep moving.
In 2000, I was up over 200% and in 2004 I lost 25%. This year, despite recent pitfalls, I am still up more than 20%.
Will I be wrong again? Yes.
Will I stop clawing to get on the right side of the next trade? Fuck no.
So, in short: I hope you enjoy some of my salty commentary. I enjoy interacting with all of you and do not want to cost you any money. That's why I do this for free, instead of a newsletter.
Listen to what I have to say and make investment decisions based upon YOUR analysis not what some "Fly Buy" post says.
As for the markets: I think it kicks ass.
I will be adding to my longs by releasing idle cash and reducing my shorts. I like software and will add to the networkers.
I fucking hate energy and regret stepping into VLO. However, I will hold my butter on VLO and add on the way down.
NOTE: Despite looking like a bald cabbage patch doll, Cramer called this rally exactly right. Good job, but fuck you.
UPDATE: SLAB warned after the close. This will likely lead the SOX lower tomorrow. I still hold short positions in RACK, ATHR, SIRF and I own MZZ.
The following stocks had notable upside moves:
CORS, GHL, FBC, RJF, AVZ, LM, LEND, JEF, BSC, CLMS, SF, DRI, PNRA, OFI, WFMI, OATS, PTRY, NATH, PFCB, JJSF, EXP, CHCI, UFPI, LNY, ACLI, IRBT, PCP, TBSI, AMN, STST, TUG, RAIL, CLDN, ISWI, SYNM, FSYS, CKX, IPSU, OTD, HOKU, NTMD, KERX, NFLD, MATK, VRTX, HRT, ARNA, MDRX, KOOL, MED, HYTM, CRA, RTSX, WGAT, ARTG, MIVA, SYMC, CHINA, RNWK, MSTR, WSSI, SINA, CACS, STXN, LQDT, ECLG, EGHT, INTV, RACK, GLW, SVVS, FDRY, SONS, SILC, KEYW, AWRE, GIGM, OCPI, NTGR, SMDI, LVLT, GGBM, GLBC, NUAN, CRI, DBRN, BNG, BAMM, CHS, PIR, HOTT, PLCE, CTRN, GYMB, JOSB, CBOU, SCVL, BONT, URBN, GIL, BWS, MW, NDN, KSWS, ANN, CHU, GNSS, SWKS, ORCL, LNUX, BEAS, KNXA, TIBX, CTXS, MANH, SMSI, ATVI, EPIC, IONA, RHAT, OPSW, CRM, ELX, MTIC, LWSN, TTWO, ERTS, SAY, AEHR, MOSY, CNXT, ATHR, NVDA, COHU, TSRA, VECO, IMX, MVIS, OVEN, RIMM, PALM, HYC, GTW, UIS, GRMN, PXLW, MFLX, VSEA, XRTX, CHRT, IOM, SFUN, EMC, LCRD, CCOI, ECIL, CHL, TWTC, CBB, TALX, JCOM, MTE, NTLI, IFON, SWIR, WTT, SLNK, IPR, AWR, ATEC, EICU, TRGT, TDG, WNS, REST, CYTR, MDWV, DMGI, ADSX, MOVI, ICH, MII, PTN, SIM, PKE, CPV, KMX, AIR, VSL, ABY, JBL and NCR.
The following stocks had notable downside moves:
PDA, CASA, OHB, LEV, DRYS, OSG, FWLT, CLB, RMIX, XNL, BQI, CFK, ARD, JOYG, GEOI, PCZ, NGAS, IFNY, HOS, MRO, HOC, VLO, CNR, CRED, OMNI, DRQ, TRGL, WHQ, SWN, HAL, JDO, GDP, CAM, RIG, DNE, DO, BDCO, PTEN, ERF, BJS, STP, ABP, CPST, HP, FPP, BTU, ACI, BMD, PQ, ALJ, CUP, NTO, ARTW, VSE, EMIS, NMTI, TRCA, AVAN, DSCO, GNBT, XOM, APTM, GEEK, NENG, BFLY, RATE, HAUP, CNVR, AUY, SA, ATCO, AVCI, OCNW, NETL, RBAK, VSTH, DSTI, ESST, ININ, VTSS, QSND, AATI, BTM, CTLM, ATNI, TSU, CIG, ELP, TXU, ENSI, VNDA, GNTA, HYGS, WEDX, CONR, GSS, NAK, RAI and BJS.
Fly Buy: ADBE
I bought 10,000 ADBE @ $37.74.
UPDATE: via Flyonthwall-
UPDATE: via Flyonthwall-
Adobe may be aiming to "kill the web conferencing stars"-ZDNet.com
In the ZDNet blog, Phil Wainewright points out that Adobe (ADBE) could be after the big names in web conferencing. Acrobat 8 "will allow users to click a button in a PDF file to start a Web conference," is expected to cost $39 a month or $395 per year and launch in mid-November. Other providers of web conferencing like Citirx Online's (CTXS) GoToMeeting charges $50 a month and WebExOne's (WEBX)MeetMeNow charges $49 a month, neither of which are sub-$00 like the service that is going ot be offered by Adobe.
Fly Buy: SIRF
I covered my SIRF short, buying 10,000 shares @ $24.89.
Fly Sell: NGAS
I sold 30,000 NGAS, between $7.15-6.95.
Fed Does Nothing
However, Jeffrey Lacker, once again, dissents. He wants to jack rates even higher.
Is he fucking nuts or just crazy or both?
NOTE: If a gun were to my head, I would bet on a mild selloff post Fed-- due to crazy Lacker.
Is he fucking nuts or just crazy or both?
NOTE: If a gun were to my head, I would bet on a mild selloff post Fed-- due to crazy Lacker.
The Fed Doesn't Matter...
... but dumb investors do.
Today should be an non-event, since everyone knows what the Fed is going to do and what they will say. The notion to "sell on the news," when we already know the news is absurd-- but it happens all the time.
Usually, after a Fed meeting the market takes wild swings, as investors try to adjust to policy. I suspect the only thing that is holding the market back from being up 100+ is the prospect of a sell on the news scenario-- post Fed.
I will likely refrain from doing any more trades for the remainder of the day. The whole post Fed trade is often tainted by amateurs fucking up their positions.
My new short watch list includes:
LNCR, SORC, UNT, JCOM, GENZ, CTRP, UTEK, SLAB and AATI.
My new long watch list includes:
OVTI, NBIX, NWRE, AMTD, NITE, ELX, BK, CORS, ADBE and CTXS.
Today should be an non-event, since everyone knows what the Fed is going to do and what they will say. The notion to "sell on the news," when we already know the news is absurd-- but it happens all the time.
Usually, after a Fed meeting the market takes wild swings, as investors try to adjust to policy. I suspect the only thing that is holding the market back from being up 100+ is the prospect of a sell on the news scenario-- post Fed.
I will likely refrain from doing any more trades for the remainder of the day. The whole post Fed trade is often tainted by amateurs fucking up their positions.
My new short watch list includes:
LNCR, SORC, UNT, JCOM, GENZ, CTRP, UTEK, SLAB and AATI.
My new long watch list includes:
OVTI, NBIX, NWRE, AMTD, NITE, ELX, BK, CORS, ADBE and CTXS.
Fly Buy: VLO
I bought 1,000 shares of VLO @ $49.46.
Sector Spotlight: Software
The bulls are running again. I doubt will we get any surprises out of the Fed today. Moreover, there is a good chance the market keeps going higher, despite what the bears say or do.
The fact of the matter is, the market wants to go higher. Fighting the tape, because you may think the market is overvalued, is never a good idea. Over the last two weeks, I have made costly error's trying to time the top in tech and the bottom in oil. That's not my game.
I will try to rectify that.
As for the action today, we are enjoying a broad rally, led by ORCL and the software group. For too long the software sector has been overlooked by investors, in favor of the semi's or internet stocks. However, now that we are getting kick ass numbers from the likes of ORCL, ADBE, CRM and many others; maybe the group is ripe to move much higher.
For now, I am going to nibble at ADBE. Keep in mind, Adobe software is used in all YouTube downloads.
The following software stocks have mojo:
ORCL +11.6%
CTXS +7.9%
LNUX +5.5%
RHAT +4.7%
SMSI +4.3%
MANH +3.8%
ELX +3.2%
SYMC +3.2%
THQI +3%
The fact of the matter is, the market wants to go higher. Fighting the tape, because you may think the market is overvalued, is never a good idea. Over the last two weeks, I have made costly error's trying to time the top in tech and the bottom in oil. That's not my game.
I will try to rectify that.
As for the action today, we are enjoying a broad rally, led by ORCL and the software group. For too long the software sector has been overlooked by investors, in favor of the semi's or internet stocks. However, now that we are getting kick ass numbers from the likes of ORCL, ADBE, CRM and many others; maybe the group is ripe to move much higher.
For now, I am going to nibble at ADBE. Keep in mind, Adobe software is used in all YouTube downloads.
The following software stocks have mojo:
ORCL +11.6%
CTXS +7.9%
LNUX +5.5%
RHAT +4.7%
SMSI +4.3%
MANH +3.8%
ELX +3.2%
SYMC +3.2%
THQI +3%
Fly Buy: ADBE
I bought 10,000 shares of ADBE @ $37.42.
Tuesday, September 19, 2006
Staind: For You
Closing Comments
I don't know why I am fighting this tape, paralyzed--unable to buy good high multiple tech stocks on a dip. Fuck.
One thing is abundantly clear to me: The fucking dip buyers are assholes and they will not stop until they get guy's like me to go long.
Frankly, I am pretty damn sick of being negative on the markets, considering NOTHING seems to get in its way.
Coup in Thailand- No problem. Thailand is real far away.
YHOO warns big- Fuck YHOO, buy NTAP.
You get the picture.
Either this market is a deck of cards, built on euphoric memories of the good times, or it is the real deal-- poised to make new highs. At this point, I have no idea what is going to occur.
Basically, I feel like covering all of my shorts, after today's dip buying extravaganza. However, the voices in my head tell me to wait for the dip-- its coming soon. Nonetheless, I covered a lot of my SIRF short and may cover all of my shorts if the bears keep folding like cheap lawn chairs.
For me, its important to be flexible and change opinion, regarding the direction of the markets. I am at my best when I adapt to the markets, instead of remaining entrenched.
Today's gains were led by the Airliners, Utilities and Food stocks. We saw significant rolling bottoms in many tech names, likely due to assclowns like me covering to lock in hard fought gains.
Tonight, I intend on doing an absurd amount of research for a long position. Or, I may change my mind, again, and short more RACK tomorrow. We will see.
The following stocks had notable upside moves:
CSWC, HANS, PFGC, JSDA, INTG, MSSR, RMX, XOHO, QLTY, BYD, CFK, CNR, PYR, TGA, PRB, EMIS, STEM, LEXG, RTSX, PPHM, QDEL, SIGA, HEB, NENG, GEEK, BFLY, BCSI, ANSW, LQDT, CNCA, JRJC, CLWT, XING, CBA, SONS, ONT, AANI, IKAN, EGHT, AZO, FORD, BONT, ZUMZ, CONN, SAY, TTWO, CTCH, BOBJ, ITWO, VTSS, IBIS, ATHR, MVIS, ORA, AIXG, VIMC, DSS, WDC, CCOI, CTCI, DDDC, TAR, ARDI, CWCO, LUNA, ZZ, CREL, CTCM, MXWL, BEXP, SBGA, ZRBA, NAPS, INSM, HSOA, STSI, IW, HDY, MDV, DAR, MII, HLF, TLB, FDS, CAL, CLE, AMR, MMC, HS, GEG, MCS, ROG, SSI and ALK.
The following stocks had notable downside moves:
SDA, AB, PDA, JJSF, VPS, UFPI, EXP, MTH, WLT, IRBT, CLB, FLDR, RIN, BHP, GWR, RAIL, CSX, WYNN, SYNM, GEOI, VLO, NXY, TSO, NTG, SU, OMNI, SPWR, OII, QTWW, SWN, DVN, HAWK, SFY, TRGL, DRQ, WHQ, KFX, PDRT, DVSA, CPST, FDG, TMY, ATLS, BTJ, FXEN, ESLR, AVR, PEIX, ARTW, VSE, RTP, HSR, FCX, AAUK, AL, TIE, DK, BLDP, BTU, ENER, LCBM, IMCL, MATK, BBC, MAXY, TECH, GENZ, CTIC, CRIS, FOXH, ACAD, TRCA, THLD, SMBI, TFSM, AQNT, MIVA, TZOO, WGAT, RATE, ELNK, MCHX, DTAS, ELOY, EBAY, VCLK, MNST, CACS, ECLG, JUPM, NCTY, YHOO, INCX, CNVR, BIDU, PAAS, HL, KGC, AU, AUY, GG, VGZ, ABX, GROW, NEM, TUTS, DPW, MRVC, MTZ, TKO, INAP, VWPT, TRBM, NETL, LTRX, MSO, PIR, CBOU, ESST, WEDX, LPL, TRID, OLED, ATAR, MENT, DSTI, NVEC, EMKR, BTUI, TRID, ASTSF, AXTI, SIRI, XMSR, TIVO, SIRF, AATI, ASX, CHRT, TWTC, VIV, BTM, TBH, SFUN, JCOM, WIT, IFON, NOIZ, INWK, MWA, EICU, REST, PEIX, ADSX, IEDU, ZILA, UTEK, KRY, EZM, NXG, RNT, PRM, WLV, IVN, SLW and WST.
One thing is abundantly clear to me: The fucking dip buyers are assholes and they will not stop until they get guy's like me to go long.
Frankly, I am pretty damn sick of being negative on the markets, considering NOTHING seems to get in its way.
Coup in Thailand- No problem. Thailand is real far away.
YHOO warns big- Fuck YHOO, buy NTAP.
You get the picture.
Either this market is a deck of cards, built on euphoric memories of the good times, or it is the real deal-- poised to make new highs. At this point, I have no idea what is going to occur.
Basically, I feel like covering all of my shorts, after today's dip buying extravaganza. However, the voices in my head tell me to wait for the dip-- its coming soon. Nonetheless, I covered a lot of my SIRF short and may cover all of my shorts if the bears keep folding like cheap lawn chairs.
For me, its important to be flexible and change opinion, regarding the direction of the markets. I am at my best when I adapt to the markets, instead of remaining entrenched.
Today's gains were led by the Airliners, Utilities and Food stocks. We saw significant rolling bottoms in many tech names, likely due to assclowns like me covering to lock in hard fought gains.
Tonight, I intend on doing an absurd amount of research for a long position. Or, I may change my mind, again, and short more RACK tomorrow. We will see.
The following stocks had notable upside moves:
CSWC, HANS, PFGC, JSDA, INTG, MSSR, RMX, XOHO, QLTY, BYD, CFK, CNR, PYR, TGA, PRB, EMIS, STEM, LEXG, RTSX, PPHM, QDEL, SIGA, HEB, NENG, GEEK, BFLY, BCSI, ANSW, LQDT, CNCA, JRJC, CLWT, XING, CBA, SONS, ONT, AANI, IKAN, EGHT, AZO, FORD, BONT, ZUMZ, CONN, SAY, TTWO, CTCH, BOBJ, ITWO, VTSS, IBIS, ATHR, MVIS, ORA, AIXG, VIMC, DSS, WDC, CCOI, CTCI, DDDC, TAR, ARDI, CWCO, LUNA, ZZ, CREL, CTCM, MXWL, BEXP, SBGA, ZRBA, NAPS, INSM, HSOA, STSI, IW, HDY, MDV, DAR, MII, HLF, TLB, FDS, CAL, CLE, AMR, MMC, HS, GEG, MCS, ROG, SSI and ALK.
The following stocks had notable downside moves:
SDA, AB, PDA, JJSF, VPS, UFPI, EXP, MTH, WLT, IRBT, CLB, FLDR, RIN, BHP, GWR, RAIL, CSX, WYNN, SYNM, GEOI, VLO, NXY, TSO, NTG, SU, OMNI, SPWR, OII, QTWW, SWN, DVN, HAWK, SFY, TRGL, DRQ, WHQ, KFX, PDRT, DVSA, CPST, FDG, TMY, ATLS, BTJ, FXEN, ESLR, AVR, PEIX, ARTW, VSE, RTP, HSR, FCX, AAUK, AL, TIE, DK, BLDP, BTU, ENER, LCBM, IMCL, MATK, BBC, MAXY, TECH, GENZ, CTIC, CRIS, FOXH, ACAD, TRCA, THLD, SMBI, TFSM, AQNT, MIVA, TZOO, WGAT, RATE, ELNK, MCHX, DTAS, ELOY, EBAY, VCLK, MNST, CACS, ECLG, JUPM, NCTY, YHOO, INCX, CNVR, BIDU, PAAS, HL, KGC, AU, AUY, GG, VGZ, ABX, GROW, NEM, TUTS, DPW, MRVC, MTZ, TKO, INAP, VWPT, TRBM, NETL, LTRX, MSO, PIR, CBOU, ESST, WEDX, LPL, TRID, OLED, ATAR, MENT, DSTI, NVEC, EMKR, BTUI, TRID, ASTSF, AXTI, SIRI, XMSR, TIVO, SIRF, AATI, ASX, CHRT, TWTC, VIV, BTM, TBH, SFUN, JCOM, WIT, IFON, NOIZ, INWK, MWA, EICU, REST, PEIX, ADSX, IEDU, ZILA, UTEK, KRY, EZM, NXG, RNT, PRM, WLV, IVN, SLW and WST.
Fly Buy: VLO
I bought 1,000 shares of VLO @ $50.14.
Fly Buy: SIRF
I covered some of my SIRF short, buying 20,000 between $24.20-24.74.
Late Day Thought
Nothing gets in the way of a good dip buyer.
Thailand Coup & Cramer's Nazz
Give me a fucking break. At the same time Cramer labels himself a Nasdaq guy and to buy the dip because YHOO's warning really doesn't count, a coup d' etat erupts in Thailand.
What are the odds? I smell conspiracy.
What are the odds? I smell conspiracy.
Quick Alert: Market Breaking Down
Spearheaded by the good folks over at YHOO, all major indices and sectors, with the exception of the utilities and food, are deep in the red.
I suspect the Sept-Oct. correction that I have nightmares over is set to grip the market.
NOTE: The semi's look the best on the downside, -2.8% on the day.
I suspect the Sept-Oct. correction that I have nightmares over is set to grip the market.
NOTE: The semi's look the best on the downside, -2.8% on the day.
Just in Case You Didn't Know
This is why the market is down:
Position Updates: SIRF
SIRF has finally buckled under $25. Barring a miraculous comeback, this turkey appears to be cooked.
Also, the SOX is setting up for one of those really ugly days.
Also, the SOX is setting up for one of those really ugly days.
Fly Sell: ATHR
I sold short 10,000 shares of ATHR @ $17.74.
UPDATE: Fuck you Cramer.
UPDATE: Fuck you Cramer.
Fly Sell: RACK
I sold short 10,000 shares of RACK @ $27.38.
Sector Spotlight: Semiconductors
Despite deflationary PPI numbers, the market appears to be heading lower. Naturally, the bulls, led by Cramer and his ridiculous top heavy recommendations of ATHR, NVL and BRCM last night, will try to make a stand in the SOX. However, I don't believe they (bulls) can keep this song and dance going for too much longer.
I am seeing small break downs in key tech names, such as: AKAM (-3.5%), MU (-2.65%), NSM (-2.3%), SIRF (-2.3%) and TRID (-2.9%).
In short, I feel oil will be heading higher, while tech corrects.
NOTE: Without Cramer pumping BRCM and ATHR, they would probably be down today.
The following semi's are showing some mojo:
VTSS +6.7%
AIXG +5%
HITT +3%
INTT +2.3%
ATHR +1.8%
TUNE +1.5%
BRCM +1%
I am seeing small break downs in key tech names, such as: AKAM (-3.5%), MU (-2.65%), NSM (-2.3%), SIRF (-2.3%) and TRID (-2.9%).
In short, I feel oil will be heading higher, while tech corrects.
NOTE: Without Cramer pumping BRCM and ATHR, they would probably be down today.
The following semi's are showing some mojo:
VTSS +6.7%
AIXG +5%
HITT +3%
INTT +2.3%
ATHR +1.8%
TUNE +1.5%
BRCM +1%
Monday, September 18, 2006
The Killers: When You Were Young (Live)
Closing Comments
I think its safe to say the market is running out of steam. Many stocks, like SIRF, RACK and AKAM, spiked intra-day then sold off-- as hot money went back into oil stocks.
Today's biggest gains were found in the Metals, Energy and Chemical stocks.
I have been very hesitant with my money and still hold more than 20% cash. Normally, I run 30+ trades per day. However, in recent month's, I am lucky to agree on one.
Bad memories, fresh and distant, remind me to tread carefully during September-October. In the past, I have been absolutely poleaxed during October. Therefore, I cannot-- and will not-- let the asshats who mismanage money for a living suck me into their world of fantasy.
In short, I'd rather miss out on this run, than buy now. Until I get my pullback, I will actively run screens, in an effort to identify future positions.
NOTE: I suspect MANY hedge funds who were heavily long oil/gas are now barreling into tech, in order to save their quarter's-- prior to September 30th. Beware of unwarranted runups, which will result in sharp, mind boggling declines.
The following stocks had notable upside moves:
NREB, LAB, FMD, WFMI, AXR, CHB, AVTR, ASEI, PCP, TEX, CX, DRYS, SYNM, HOS, USU, SU, PKD, PCZ, VLO, STO, OXY, PZE, ECA, HOC, NXY, GSF, JOYG, MRO, OMNI, CNR, CAM, GMRK, SWN, EOG, RIG, DPTR, SII, PXP, NEU, HES, EGY, CNQ, BHI, TS, NHY, ARTW, BLDP, LUFK, HNR, WNR, PQ, DPRK, MEK, CLF, TIE, NEU, AAUK, ERS, STLD, ROCK, ATI, CTIC, EMIS, MON, SRA, MATK, ARIA, NTMD, TRCA, FOXH, ELOS, EVVV, NBIX, ISRG, CLZR, GNBT, DSCO, QDEL, LTON, VSTY, BVSN, FLWS, EWEB, WGAT, IGLD, NENG, CMGI, KNOT, DSCM, PCNTF, SA, VGZ, HL, KGC, GG, AU, ABX, TMWD, CACS, ITRA, WAVX, XOM, CAT, TERN, WJCI, HITT, MRVL, IKAN, BRCD, INTV, FTGX, GIGM, AWRE, VRSO, LNOP, AMCC, IIP, EZPW, BEBE, DBRN, JCP, TWN, CATS, PANL, LNUX, ATAR, ECGI, CRYP, RHAT, NVEC, FSL, IBIS, TRID, INTT, DIOD, FORM, EGLS, RMBS, NVDA, SIGM, AMAT, SIMG, UCTT, MFLX, VSEA, GTW, PAY, STEC, DTLK, NTAP, WFR, ASX, TSM, INPC, XING, CTCO, PHI, TKG, PGWC, IDCC, VE, SBS, NDAQ, NOVC, TWLL, HSR, INWK, OMRI, CPX, ATEC, SXCI, VEXP, NREB, CKSW, PORK, LTEC, NMGC, HDTV, VOLC, TST, TRE, GSS, SIM, SBL, KWK, CAH and EDU.
The following stocks had notable downside moves:
BFF, LTS, LAZ, PAS, PFCB, SFD, GVA, IRBT, IPII, RAMS, QLTY, HRS, WYNN, XNL, DVSA, FTI, NKTR, ASTM, BIVN, BVX, MLNM, NKTR, THLD, STXS, CAMH, CNU, CPHD, EBAY, LQDT, NCTY, WZEN, OCCF, VSTH, GEX, PACW, LPTH, APAT, STLW, DPW, TUTS, GGBM, FFIV, HLIT, BBA, FORD, SHRP, SCVL, OLED, CONN, MWY, AEHR, VECO, OVTI, NEXT, GEPT, MVIS, NNDS, SUNW, OVEN, ACTS, AATI, OVRL, LCRD, NTLI, TPC, ENWV, IFON, NSTR, ATAC, GVHR, ARQL, CYDS, ZILA, TTIL, MOBE, QFAB, MEA, AOG, CDY, HDY, HS, NGT, FDC, MGI, NRP, FBR, ARM, TIF, LEA, HRS and DPZ.
Today's biggest gains were found in the Metals, Energy and Chemical stocks.
I have been very hesitant with my money and still hold more than 20% cash. Normally, I run 30+ trades per day. However, in recent month's, I am lucky to agree on one.
Bad memories, fresh and distant, remind me to tread carefully during September-October. In the past, I have been absolutely poleaxed during October. Therefore, I cannot-- and will not-- let the asshats who mismanage money for a living suck me into their world of fantasy.
In short, I'd rather miss out on this run, than buy now. Until I get my pullback, I will actively run screens, in an effort to identify future positions.
NOTE: I suspect MANY hedge funds who were heavily long oil/gas are now barreling into tech, in order to save their quarter's-- prior to September 30th. Beware of unwarranted runups, which will result in sharp, mind boggling declines.
The following stocks had notable upside moves:
NREB, LAB, FMD, WFMI, AXR, CHB, AVTR, ASEI, PCP, TEX, CX, DRYS, SYNM, HOS, USU, SU, PKD, PCZ, VLO, STO, OXY, PZE, ECA, HOC, NXY, GSF, JOYG, MRO, OMNI, CNR, CAM, GMRK, SWN, EOG, RIG, DPTR, SII, PXP, NEU, HES, EGY, CNQ, BHI, TS, NHY, ARTW, BLDP, LUFK, HNR, WNR, PQ, DPRK, MEK, CLF, TIE, NEU, AAUK, ERS, STLD, ROCK, ATI, CTIC, EMIS, MON, SRA, MATK, ARIA, NTMD, TRCA, FOXH, ELOS, EVVV, NBIX, ISRG, CLZR, GNBT, DSCO, QDEL, LTON, VSTY, BVSN, FLWS, EWEB, WGAT, IGLD, NENG, CMGI, KNOT, DSCM, PCNTF, SA, VGZ, HL, KGC, GG, AU, ABX, TMWD, CACS, ITRA, WAVX, XOM, CAT, TERN, WJCI, HITT, MRVL, IKAN, BRCD, INTV, FTGX, GIGM, AWRE, VRSO, LNOP, AMCC, IIP, EZPW, BEBE, DBRN, JCP, TWN, CATS, PANL, LNUX, ATAR, ECGI, CRYP, RHAT, NVEC, FSL, IBIS, TRID, INTT, DIOD, FORM, EGLS, RMBS, NVDA, SIGM, AMAT, SIMG, UCTT, MFLX, VSEA, GTW, PAY, STEC, DTLK, NTAP, WFR, ASX, TSM, INPC, XING, CTCO, PHI, TKG, PGWC, IDCC, VE, SBS, NDAQ, NOVC, TWLL, HSR, INWK, OMRI, CPX, ATEC, SXCI, VEXP, NREB, CKSW, PORK, LTEC, NMGC, HDTV, VOLC, TST, TRE, GSS, SIM, SBL, KWK, CAH and EDU.
The following stocks had notable downside moves:
BFF, LTS, LAZ, PAS, PFCB, SFD, GVA, IRBT, IPII, RAMS, QLTY, HRS, WYNN, XNL, DVSA, FTI, NKTR, ASTM, BIVN, BVX, MLNM, NKTR, THLD, STXS, CAMH, CNU, CPHD, EBAY, LQDT, NCTY, WZEN, OCCF, VSTH, GEX, PACW, LPTH, APAT, STLW, DPW, TUTS, GGBM, FFIV, HLIT, BBA, FORD, SHRP, SCVL, OLED, CONN, MWY, AEHR, VECO, OVTI, NEXT, GEPT, MVIS, NNDS, SUNW, OVEN, ACTS, AATI, OVRL, LCRD, NTLI, TPC, ENWV, IFON, NSTR, ATAC, GVHR, ARQL, CYDS, ZILA, TTIL, MOBE, QFAB, MEA, AOG, CDY, HDY, HS, NGT, FDC, MGI, NRP, FBR, ARM, TIF, LEA, HRS and DPZ.
Late Day Thought
CNBC is a propaganda network.
Position Updates: VLO, NGAS, SIRF
Oil feels like it has bottomed right?
I know you feel that way, thanks to my nifty "Fly Survey," indicating 75% of you feel its going to $70-- not $55.
Anyway, both VLO and NGAS are participating in today's energy rally, despite the sell-sell-sell's from Mr. "If I were at my hedge fund."
As for SIRF:
It successfully tested $25 again-- and bounced all the way to $26. However, with oil rallying and tech fading, longs should be bailing on this wave in fairly short order.
I know you feel that way, thanks to my nifty "Fly Survey," indicating 75% of you feel its going to $70-- not $55.
Anyway, both VLO and NGAS are participating in today's energy rally, despite the sell-sell-sell's from Mr. "If I were at my hedge fund."
As for SIRF:
It successfully tested $25 again-- and bounced all the way to $26. However, with oil rallying and tech fading, longs should be bailing on this wave in fairly short order.
Oil and the Tech Rally
As oil knifed lower, tech, retail and everything non-commodity related, went fucking apeshit to the upside. So, using the same logic, now that oil is ripping higher, shouldn't tech, retail and everything non-commodity related get de-limbed?
Tell that to the guy managing 10 billion, with an IQ of 100 flat, who can't help himself from barreling into high multiple tech stocks because THIS TIME will be different.
This time, as the economy slows, MRVL is going to blow-the-fucking-doors off Wall Street's consensus.
Give me a break.
Tell that to the guy managing 10 billion, with an IQ of 100 flat, who can't help himself from barreling into high multiple tech stocks because THIS TIME will be different.
This time, as the economy slows, MRVL is going to blow-the-fucking-doors off Wall Street's consensus.
Give me a break.
Quick Alert: Metal Stocks Melting Up
Aside from the non-stop fun in the crazy SOX, metal stocks are ripping higher today. Unlike the SOX, the metals have not participated in the recent rally, since Wall Street considers oil and metal one and the same.
The following stocks have mojo:
CLF, TIE, ERS, STLD, NUE, AAUK, ATI, VGZ, SA, GROW and HL.
NOTE: The next level of resistance for the SMH will be $35.50.
The following stocks have mojo:
CLF, TIE, ERS, STLD, NUE, AAUK, ATI, VGZ, SA, GROW and HL.
NOTE: The next level of resistance for the SMH will be $35.50.
Sector Spotlight: Energy
The strength in this market is remarkable. The semi's are blasting off, and so are the beaten down energy stocks. The bear market that was supposed to happen has been postponed.
Frankly, when looking at intra-day gains in TRID (+7%), NVEC (+8%) and MRVL (4.5%)-- it staggers me.
This isn't supposed to happen, right?
Well, the bulls are pressing the bears for capitulation. They smell blood and they are going after the main artery, the semi's.
As for the oil stocks: They are bouncing today and hopefully will stabilize. Although I have a nice chunk of change in VLO, I am not ready to declare a bottom in the oils. However, I do believe we are close. Furthermore, all the Cramer-ites who are predicting $50 oil by Halloween will be wearing egg face when it kicks back up to $70.
Bottom line: The market is likely to trade higher, partly due to weak kneed shorts covering to save their pathetic equity. However, I still think the buy tickets made for SOX stocks are being authored by brainless fucktards.
NOTE: Please take the new "Fly Survey" on the left hand side of the page. "Where is oil going next?"
The following energy stocks are showing some mojo:
OMNI +14.5%
PXP +9.8%
SYNM +7.8%
USU +5.2%
FPP +5.1%
RIG +4.4%
CAM +4.2%
EOG +4.1%
GMRK +4%
LUFK +4%
DYN +3.1%
STO +3%
ECA +3% J
JOYG +2.9%
Frankly, when looking at intra-day gains in TRID (+7%), NVEC (+8%) and MRVL (4.5%)-- it staggers me.
This isn't supposed to happen, right?
Well, the bulls are pressing the bears for capitulation. They smell blood and they are going after the main artery, the semi's.
As for the oil stocks: They are bouncing today and hopefully will stabilize. Although I have a nice chunk of change in VLO, I am not ready to declare a bottom in the oils. However, I do believe we are close. Furthermore, all the Cramer-ites who are predicting $50 oil by Halloween will be wearing egg face when it kicks back up to $70.
Bottom line: The market is likely to trade higher, partly due to weak kneed shorts covering to save their pathetic equity. However, I still think the buy tickets made for SOX stocks are being authored by brainless fucktards.
NOTE: Please take the new "Fly Survey" on the left hand side of the page. "Where is oil going next?"
The following energy stocks are showing some mojo:
OMNI +14.5%
PXP +9.8%
SYNM +7.8%
USU +5.2%
FPP +5.1%
RIG +4.4%
CAM +4.2%
EOG +4.1%
GMRK +4%
LUFK +4%
DYN +3.1%
STO +3%
ECA +3% J
JOYG +2.9%
