Monday, February 12, 2007
Closing Comments
I must say, the bears missed a golden opportunity to poleax the buyers into submission. Instead of giving us, "death to the buyers" type of selling, they gave us milquetoast.
I threw a few hedges on the barby, just in case. However, after seeing the "weak kneed" bears at work, I am emboldened. Hence, I will likely cover my shorts, tomorrow.
While it's true, several of my positions are trying to scratch my eyes out (BWLD, NTRI, MVIS), others are kicking ass (HANS, AAPL).
In short, the market is taking a pause. Be patient. Take a few siesta's and eat as much as you can.
Finally, with Oil getting crrrr-ushed, Airliners and Retail did well. Fuck the Airliners. As for Retail, I like ANF and BWLD.
In case you didn't know, BWLD "retails" chicken wings to fat fucks and drunken men. A great long term story, despite "the bird flu."
I threw a few hedges on the barby, just in case. However, after seeing the "weak kneed" bears at work, I am emboldened. Hence, I will likely cover my shorts, tomorrow.
While it's true, several of my positions are trying to scratch my eyes out (BWLD, NTRI, MVIS), others are kicking ass (HANS, AAPL).
In short, the market is taking a pause. Be patient. Take a few siesta's and eat as much as you can.
Finally, with Oil getting crrrr-ushed, Airliners and Retail did well. Fuck the Airliners. As for Retail, I like ANF and BWLD.
In case you didn't know, BWLD "retails" chicken wings to fat fucks and drunken men. A great long term story, despite "the bird flu."
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Yeah, I haven't checked the account yet but I'm pretty sure I underperformed the indices today! Hah!
However, I will probably be a buyer bright and early tomorrow morning. On margin.
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However, I will probably be a buyer bright and early tomorrow morning. On margin.
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