Friday, January 19, 2007

 

Closing Comments

Even though there was a lot of green on my screen, today was not an impressive bounce-- following yesterday's beheading of Tech. I feel earnings, specifically TXN's numbers on Monday, will set the tone for the market-- near term.

Although, it is possible the market will poleax the shorts, I'd rather take a cautious approach to the market. Furthermore, I will continue adding to my LMT, WU and new position TKC-- over the weeks to come.

As for me:

Following three straight weeks of gains, I gave back 1.9% this week-- putting my year to date return at 6%. Many of my Tech holdings were hurt badly and it is my job to manage risk. So, instead of being bull headed about the market, I will try to "go with the flow" and preserve gains, while adding to stocks that outperform during market weakness.

Finally, many stocks, especially in the Networking sector, bounced back with a vengeance. Also, select Internet stocks, like STMP, seem to have caught a bottom. There is definitely still an appetite for high growth/high risk stocks, but don't be the last asshat to leave the party.

Comments:
How about some props to the oil asshats
 
welll....my fly friend.....if you were in OIL/energy..your screen would be mighty nice here.....

i told you oil was ready to come off the bottom...i told you tech would take a hit(not done yet).....i told you the move down in oil was orchestrated....i told you the PM's are about to roll...i told you the dollar is in trouble.....what else.....oh yes i told you not to be a momentum player...but understand the economic cycles and their relation to the dollar and currency trade as guaged thru pm's....and of course the king of all comoditys and the reason for all market moves....king OIL

oil is not for asshats as you say....but it isnt for those that dont understand it either....

market is in trouble...war footing is here....interest rate boxed...PM's ready to roll....dollar will fall....


where should you be.....for that you need to study up...lol...

ok....time for some more insults i guess...let em fly...fly
 
Currently, I have more than 1 million in VLO, SU, CEO, SWN, GMXR and ARD.

So, even though I think oil is not as viable investment now, I still hedge my bets by owning them.
 
the Anonymous loser 4:53 p.m. apparently doesn't follow your blog. he's a drive-by poster(idiot), ignore him keep up the good work.
 
annon 4:53:

Check my archives for proof of the above purchases.

Fucker.
 
annon 4:43 appears to be a left wing nutcase asshat. I like your agricultural play Broker A. Coldest sustained winter I've ever experienced in San Diego in my 40 years here. Friends plants have been frozen into oblivion. Wife and I have avoided plant damage as we have a home within .5mi to the beach. Neighbors have actually fared much worse. I've been advised by some people that have sustained significant damage that it's not necessarily the actual temperature that has caused the damage but the relentless & sustained freeze over the last 2 weeks. Today is warmer and another high pressure dome is on the way but it will be a much warmer airmass/atmosphere this time. The damage that has been done is in spades and the growers have been severely poleaxed. I'm amazed that you are just a 30 year old pup. Keep up the good work and I appreciate your expertise and humor. PS: It's fukin cold here I have been wearing wool socks! LOL!

Best,

marginclerk ;)
 
I can see why you like LMT .

If you posted gains last week, you definitely gave some back this week. That's the way it goes. Stay strong and long.
-gio
 
I'm also eyeing out an agriculture play. It's funny how we stock traders watch the news. We see an event, then we think, "damn, how can I make money off that." So evil. Anyway, I'll let yall know what I come up with over the weekend. Have a good one.

Warm and sunny here in Hawaii. Bwa ha HA!
 
Hey Broker what am I missing on the bad side of CORS? Just pounding out my research for the weekend and I am missing the negatives for CORS, what has held this pup back other than the hedgie that is trying to sink it?
 
Potential risk to their loan portfolio, in the Florida-Chicago condo market.

However, I feel the stock is worth $30.
 
I guess I am an asshat because the WU chart looks like it broke 21.5 support on this last leg down. Please serve me some papers.
 
lol love your approach and attitude dude but do you actually make any big money?..7% in one position is a joke with that kind of buying power, concentrate on more than a few positions and build equity without day to day market noise, to buy and sell to rack up commish is pathetic..Nonetheless,I give you kudos for entertainment and NO Im not a yahoo piker board user...Cheers!
 
Anon 3:45 above. What the fuck are you talking about? I guess this is your first read here. 7% fucker is a goddamned fuckload in 2 weeks. When is that last time you made a few million dollars in 2 weeks. Fucking douche bag.
 
"lol love your approach and attitude dude but do you actually make any big money?..7% in one position is a joke with that kind of buying power, concentrate on more than a few positions and build equity without day to day market noise, to buy and sell to rack up commish is pathetic..Nonetheless,I give you kudos for entertainment and NO Im not a yahoo piker board user...Cheers!"

Without knee-jerk cussing you out, what are you talking about? 7% in one position, racking up on commish, build more equity?

Do you even know what you are saying?

Do I make BIG money?

That all depends on what you think BIG is.

I set high standards for myself-- so it is never enough.
 
I did not understand anything that yahoo poster said. You should disregard that post brokera because it makes no sense.
 
WHAT THE FUCK IS ANON 3:45AM TALKING ABOUT? LAY OFF THE MARY JANE BEFORE YOU POST YAHOO PIKER
 
Or get some sleep. 3:45 a.m.???
 
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