Friday, January 26, 2007
Sector Spotlight: Energy
Where's global warming when you need it? It is so fucking cold in NYC today, I feel as if my head is going to flash freeze and fall off. I should buy some homeless penguins and have them frolic around my house. That would really piss off the neighbors, wouldn't it?
With this type of weather, no way oil/natty is going lower.
Within the two sectors, I like SU, NGAS, GMXR, ARD and CEO for a trade.
Also, I want to be long the NIKKEI on this dip. There, I want to own NKZ-wt or NKI-wt. Both are highly levered plays on the NIKKEI 225.
Finally, I like the action in Gold and Telecom. There, I am long SVG and TKC. The action in the general market is weak. Moreover, I get the feeling we may swan dive today, as investors fear being "machine gunned" by the bears.
With this type of weather, no way oil/natty is going lower.
Within the two sectors, I like SU, NGAS, GMXR, ARD and CEO for a trade.
Also, I want to be long the NIKKEI on this dip. There, I want to own NKZ-wt or NKI-wt. Both are highly levered plays on the NIKKEI 225.
Finally, I like the action in Gold and Telecom. There, I am long SVG and TKC. The action in the general market is weak. Moreover, I get the feeling we may swan dive today, as investors fear being "machine gunned" by the bears.
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SMH holding tough, should go much higher today if the market does any recovery. Hopefully, I can get out by 2:00 since I have a 4:00 tee time for nine holes (sorry Fly, weather is cold here in Fl. too but should get up to 65 degrees).
This is the first day in a while that I'm seeing actual buying pressure in MVIS. Last four days it has been mainly retail, with an occasional large block, and some short covering. There is definitely a buyer(s) today.
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