Wednesday, March 28, 2007
Closing Comments
Thanks for jinxing the market, "Fly Survey" bull voters.
Like a fucking champion, I bought AAPL yesterday, only to have my face ripped off today. I must say, one of you cryptic lunatics warned me over a "hanging man" formation on AAPL. However, as usual, I ignore such advice and labeled it "tom foolery" or "internet bear shit."
Nonetheless, eventually AAPL will print $115.
Today, the market rolled over, with staggering losses in the Homebuilders and the Semi's, to a lesser degree. However, it's worth mentioning, the market was up huge last week. So, a small decline, based upon rumors of war, is somewhat natural.
With my money, I will look to buy CENX, HANS, ADY, FMCN and NTRI on dips.
Regarding interest rates, NO FUCKING WAY THE FED TIGHTENS. Furthermore, anyone who believes the Fed will raise rates, is a fucktarded, dickless asshat, with delusional fantasies of a market collapse.
Finally, on down days, I like to screen for strong stocks. Typically, if a certain stock shows strength in a bad tape, it is generally a good idea to take a second look at that company, in order to see what's cooking.
The following stocks outperformed today:
MVIS, IAAC, NYX, SPTN, MFW, WBD, HANS, CPO, VMI, DLB, TNH, IPSU, BAY, BOOM, PDLI, ELOY, TFSM, GMKT, AVCI, LMRA, EXFO, FFIV, CIEN, GOT, GME, EBHI, TWTR, BRLC, ATVI, MSCS, OPSW, SNDA, SLAB, VIMC, NTTL, CN, NOIZ, VIP, EXC, CLAY, CBEY, FUL, NTY, IDSA, VYYO, DNDN, ARNA, GRZ, KRY, UPG, and ULTR.
Like a fucking champion, I bought AAPL yesterday, only to have my face ripped off today. I must say, one of you cryptic lunatics warned me over a "hanging man" formation on AAPL. However, as usual, I ignore such advice and labeled it "tom foolery" or "internet bear shit."
Nonetheless, eventually AAPL will print $115.
Today, the market rolled over, with staggering losses in the Homebuilders and the Semi's, to a lesser degree. However, it's worth mentioning, the market was up huge last week. So, a small decline, based upon rumors of war, is somewhat natural.
With my money, I will look to buy CENX, HANS, ADY, FMCN and NTRI on dips.
Regarding interest rates, NO FUCKING WAY THE FED TIGHTENS. Furthermore, anyone who believes the Fed will raise rates, is a fucktarded, dickless asshat, with delusional fantasies of a market collapse.
Finally, on down days, I like to screen for strong stocks. Typically, if a certain stock shows strength in a bad tape, it is generally a good idea to take a second look at that company, in order to see what's cooking.
The following stocks outperformed today:
MVIS, IAAC, NYX, SPTN, MFW, WBD, HANS, CPO, VMI, DLB, TNH, IPSU, BAY, BOOM, PDLI, ELOY, TFSM, GMKT, AVCI, LMRA, EXFO, FFIV, CIEN, GOT, GME, EBHI, TWTR, BRLC, ATVI, MSCS, OPSW, SNDA, SLAB, VIMC, NTTL, CN, NOIZ, VIP, EXC, CLAY, CBEY, FUL, NTY, IDSA, VYYO, DNDN, ARNA, GRZ, KRY, UPG, and ULTR.
Comments:
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The question today isn't whether one believe the Fed will tighten. The real question is: do too many people already looking for a reason to be scared think it is a possibility. Herd mentality rules the market.
First, I don't think that the Fed will tighten, especially with oil going higher and the housing market showing subpar numbers.
Fly, what do you think about WFMI? Its been kicked in the nuts a couple of times. Is it worth a trade?
Fly, what do you think about WFMI? Its been kicked in the nuts a couple of times. Is it worth a trade?
the fed is in a box. the economy is weakening, thereby needing lower rates to hopefully stimulate consumption, but inflation is not falling, thereby forcing continued high, or even increased rates.
thanks alan, nice job on the latest bubble.
helo ben will, i assure you, fuck it up.
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thanks alan, nice job on the latest bubble.
helo ben will, i assure you, fuck it up.
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