Tuesday, February 06, 2007
Closing Comments
Today was a decent day for me, with nice gains in TKO, LMT, ACLI and IVAC. However, because of my near term bearishness, I will be shuffling the deck quite a bit. Hence, it will be difficult to understand what the fuck I am doing.
In short, I will raise cash and possibly short more WFR. I have nothing but good things to say about WFR's fundies, but it is too expensive at these levels. The bitch needs to drop.
Finally, after the close, IVAC blew-the-fucking-doors-off the estimate. I anticipate the stock will rip higher in after-hours. And, CSCO posted a good number. Look for NETL to run up, as result.
NOTE: MVIS closed at a possible support line. Look for the stock to trade higher tomorrow.
In short, I will raise cash and possibly short more WFR. I have nothing but good things to say about WFR's fundies, but it is too expensive at these levels. The bitch needs to drop.
Finally, after the close, IVAC blew-the-fucking-doors-off the estimate. I anticipate the stock will rip higher in after-hours. And, CSCO posted a good number. Look for NETL to run up, as result.
NOTE: MVIS closed at a possible support line. Look for the stock to trade higher tomorrow.
Comments:
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Broker sorry to bother you as I know you are busy on the call but do you have a feel on the short position in IVAC? Will we have a big squeeze out of it and would you be selling into it? Just trying to figure out how to play this pup.
# posted by 
: 4:26 PM
: 4:26 PM 
Interesting look at MVIS. Looks like an inverse H&S to me.
http://stockcharts.com/def/servlet/SC.pnf?chart=MVIS,PLUCDANRBO[PA][D][F1!3!0.125!!2!20]&pref=G
http://stockcharts.com/def/servlet/SC.pnf?chart=MVIS,PLUCDANRBO[PA][D][F1!3!0.125!!2!20]&pref=G
My god over 13.5% of the float is short and there was a 25% increase. This could get ugly.
# posted by : 4:32 PM
: 4:32 PM
Thanks broker for bringing us IVAC, looks like it is opening up nicely now up 17%. What is your target?
# posted by : 4:38 PM
: 4:38 PM
To be honest, that was not aimed at you personally. keep seeing fucktarded comments about the upcoming "crash", and it's just not happening. At one point today the Dow was down a whopping 10 points and daytraders in a chat session I watch were calling for a crash? WTF? VIX couldn't even hit 11, and people are capslocking CRASH!!! WTF?
Tech earnings have not been all that bad this time around. Ok, RACK. Whatever. Even RACK will get a bump on these CSCO earnings.
Tech earnings have not been all that bad this time around. Ok, RACK. Whatever. Even RACK will get a bump on these CSCO earnings.
The skepticism is a very good thing. I was tempted to buy CSCO calls in front of the number but chose to buy MVIS instead. Figures........
We keep beating on Richard for his cynicism. He has gone radio silent but will likely emerge once he gets his hip replaced.
We keep beating on Richard for his cynicism. He has gone radio silent but will likely emerge once he gets his hip replaced.
"Broker A said...
The market will not crash, ever."
Yes it will, but tech won't lead. That idea is so 2001...
The market will not crash, ever."
Yes it will, but tech won't lead. That idea is so 2001...
Charting MVIS is like charting the Santa Maria, give it a try but lacks substance mvis lacks earnings. It will go when it is time no sooner, predict if you want but its drivin on info that attracts $$$ and right now there is no Info...so we wait..why not pull up a high wicker chair under a slow fan have a drink in a tall glass with an umbrella and wait for the ice to melt-its good.
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