Tuesday, February 27, 2007
Carnage and Asshole Dip Buyers
Until today's "machine gunning" of the bulls, the market has been very complacent. Now that the volatility is back, in a big way, I feel life is going to get a lot more interesting for equity investors-- to say the least.
Today's sell off is vicious, but not enough. After another 3%, I will be buying with both hands.
However, if you want to take a chance, start nibbling (25% positions) at the names that are down the most.
Bottom line: Don't get suckered into believing today is the bottom. Although we may bounce tomorrow, the market will likely trade lower-- until the bears get fat enough to eat.
Stocks on my radar:
HANS -5.2%
BWLD -3.1%
CENX -8.2%
MVIS -10.2%
AAPL -5%
NTRI -4.3%
AKAM -8.5%
ADY -9.8%
JWN -7.7%
CAT -4.4%
Today's sell off is vicious, but not enough. After another 3%, I will be buying with both hands.
However, if you want to take a chance, start nibbling (25% positions) at the names that are down the most.
Bottom line: Don't get suckered into believing today is the bottom. Although we may bounce tomorrow, the market will likely trade lower-- until the bears get fat enough to eat.
Stocks on my radar:
HANS -5.2%
BWLD -3.1%
CENX -8.2%
MVIS -10.2%
AAPL -5%
NTRI -4.3%
AKAM -8.5%
ADY -9.8%
JWN -7.7%
CAT -4.4%
Comments:
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Greenspan is an asshole.
If he were next to me, I'd empty my left over lunch on his hat.
Asshat that is.
If he were next to me, I'd empty my left over lunch on his hat.
Asshat that is.
i want to take this opportunity to thank my mom and dad, my agent, the academy, and most of all the fans. you love me, you really love me.
Rumor has it the big swinging dick private equity guys have their analysts working frantically updating speadsheets to figure out how much less they have to pay to take all our publicly traded companies private.
Consequently, Henry Kravitz has had a perputal hardon all day.
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Consequently, Henry Kravitz has had a perputal hardon all day.
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