Tuesday, May 08, 2007
Sector Spotlight: Metals
Today's sell off is long overdue. Furthermore, I suggest keeping an ample cash position and resist the urge to buy this dip.
Taking into consideration the magnitude of this recent bull charge, we can sell off for 10 straight days, and still have a very healthy market.
Meaning: In order to restore an efficient market, it is important to bankrupt or poleax the weak and stupid.
With that being said, the Metals are, once again, on fire. Yesterday, I sold out of my CENX position-- for a decent profit. Further, I have been scouring the market for a cheap basic material stock-- for asset allocation purposes.
Thus far, I like RS-- and maybe RTI.
Aside from the metals, I am tempted to buy MCHX--ahead of tonight's numbers. However, they are highly levered to YHOO. You all know how I feel about YHOO.
Finally, the trading in HANS is plain ole' vanilla gay. Long ago, I have ceased trading HANS, due to its incredible volatility. Also, if CSCO's numbers are a blow out, ARUN, CAVM, FFIV and NETL may run in sympathy.
Taking into consideration the magnitude of this recent bull charge, we can sell off for 10 straight days, and still have a very healthy market.
Meaning: In order to restore an efficient market, it is important to bankrupt or poleax the weak and stupid.
With that being said, the Metals are, once again, on fire. Yesterday, I sold out of my CENX position-- for a decent profit. Further, I have been scouring the market for a cheap basic material stock-- for asset allocation purposes.
Thus far, I like RS-- and maybe RTI.
Aside from the metals, I am tempted to buy MCHX--ahead of tonight's numbers. However, they are highly levered to YHOO. You all know how I feel about YHOO.
Finally, the trading in HANS is plain ole' vanilla gay. Long ago, I have ceased trading HANS, due to its incredible volatility. Also, if CSCO's numbers are a blow out, ARUN, CAVM, FFIV and NETL may run in sympathy.
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Hearing anything about CFC? That fucker started going ballastic about 11:40 and the June 45 calls are trading.
Fly says:
"Finally, the trading in HANS is plain ole' vanilla gay."
Isn't that like the pot calling the kettle black?
"Finally, the trading in HANS is plain ole' vanilla gay."
Isn't that like the pot calling the kettle black?
Leave it to Beaver on TVLand was better than the noon show on CNBC today. Now may be a good time to check out GSS which Cramer touted 2 days ago now that its gone down abou 15-20% since he mentioned it.
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