Wednesday, January 17, 2007
Sector Spotlight: Homebuilders
As RACK and to a lesser extent INTC get fucking "mushroom clouded," the market is nearly unchanged. Frankly, no one gives two shits about RACK and everyone with an IQ north of 90 understands both INTC and AMD are fucked-- due to a price war.
Generally, I make it a point to never buy a company that is in the middle of a price war. Trust me when I tell you, there are no winners in margin killing price wars. With that being said, I am still long INTC. It's asshattery I tell you-- I know.
As for today's trading:
I am shocked by the bullish nature of the Homebuilder stocks. I mean, for all the shit these companies eat, coupled with the horrendously bad press-- the stocks are holding up quite well. Either the buyers are completely fucktarded in their analysis or the housing debacle is nearing an end. Either way, if you are going to buy the Homebuilders, you might as well paint your fucking face blue and fight for Scotland's independence with a sword. Just make sure not to get your head cut off in the process.
Finally, I heard T. Boone Pickens on CNBC this morning and he sounds fucked. As oil gets bombed, so does he. Funny how that works.
NOTE: It appears Madd Money got its ass kicked in my new "Fly Survey." An overwhelming majority of you (84%) chose Dylan Ratigans "Fast Money" over Cramer retard show, despite the fact that Ratigan looks like he suffers from tourette's syndrome and probably shouts "door-fucker" or "shit-fucker" uncontrollably during commercial breaks. Nonetheless, it leads to the next question: If Madd Money has peeked, is TSCM a viable short?
The following Homebuilders have mojo:
LEN +4.5%
PHM +2.9%
CHCI +2.7%
NVR +2.66%
TOL +2.3%
Generally, I make it a point to never buy a company that is in the middle of a price war. Trust me when I tell you, there are no winners in margin killing price wars. With that being said, I am still long INTC. It's asshattery I tell you-- I know.
As for today's trading:
I am shocked by the bullish nature of the Homebuilder stocks. I mean, for all the shit these companies eat, coupled with the horrendously bad press-- the stocks are holding up quite well. Either the buyers are completely fucktarded in their analysis or the housing debacle is nearing an end. Either way, if you are going to buy the Homebuilders, you might as well paint your fucking face blue and fight for Scotland's independence with a sword. Just make sure not to get your head cut off in the process.
Finally, I heard T. Boone Pickens on CNBC this morning and he sounds fucked. As oil gets bombed, so does he. Funny how that works.
NOTE: It appears Madd Money got its ass kicked in my new "Fly Survey." An overwhelming majority of you (84%) chose Dylan Ratigans "Fast Money" over Cramer retard show, despite the fact that Ratigan looks like he suffers from tourette's syndrome and probably shouts "door-fucker" or "shit-fucker" uncontrollably during commercial breaks. Nonetheless, it leads to the next question: If Madd Money has peeked, is TSCM a viable short?
The following Homebuilders have mojo:
LEN +4.5%
PHM +2.9%
CHCI +2.7%
NVR +2.66%
TOL +2.3%
Comments:
<< Home
Amazed that the chip equipment stocks are up strong. Must have something to do with ASML earnings showing lots of production. Fuck INTC and buy the equipment companies, I guess. Also, we know know why OIH wan't down too bad yesterday, the big boys were buying them out of the box no matter what the price of crude.
# posted by 
: 10:24 AM
: 10:24 AM
I like cnbc.com, it's not that bad really. The streaming video is nice and you can pick and choose the content.
# posted by : 10:34 AM
: 10:34 AM
What do you think of AAPL ahead of the bell for a quick trade? Tons of 100 calls have been bought.
# posted by : 10:34 AM
: 10:34 AM
I would venture to guess if oil takes another leg down Boone Pickens could go from poleaxed to mushroom clouded.
# posted by : 10:41 AM
: 10:41 AM
Sell the 100c Jan AAPl because their is no way it closes above their on Friday.
# posted by : 10:57 AM
: 10:57 AM
I think AAPL blows away estimates, trades higher in after hours, and then trades lower until the launch of the I-Phone.
It DEFINITELY is bec I remember when Cramer euphoria began when his show started, and tscm was at 3.5. By the time commodity bubble went "whoops" in may, it was 12. That was also, in my opinion, the peak of Cramer's hype and popularity bec after that horrendous call, I think people lost faith. I thank the baby jesus I was mostly in cash for that
# posted by : 1:59 PM
: 1:59 PM
Not more than a week ago, Cramer was pushing tech even though everybody knows the first quarter is seasonally weak. Today, because of the RACK blow-up, he hates tech and says it should be sold. I understand a trader's need to be flexible, but if you have so little conviction in a trade idea that you're ready to flip after one bad data point, he has no business suggesting the idea initially.
I hope the Fast Money guys scorch him.
I hope the Fast Money guys scorch him.
# posted by : 2:08 PM
: 2:08 PM
I would like someone to put sugar in Raddigans coffee. I wonder if he would get on top of the table when he cuts off his guests.
# posted by : 2:40 PM
: 2:40 PM
At what point does RACK get attractive? It was at 32 yesterday. Buy now at 20.5 and sell on first bounce.
Post a Comment
<< Home
