Wednesday, May 09, 2007
Sector Spotlight: Wireless
Funny thing about "bear fuckers" is they always sell short RIMM. What makes the RIMM-Bear Fucker relationship even funnier is the fact that the stock never goes down--effectively bankrupting a new set of RIMM sellers on a continuous basis.
To make their argument sound intelligent, they (the bear fuckers) explain in long/run on sentences, how overvalued the shares of RIMM are and how its stock is going to drop 75%, literally any day. And yet, the stock proceeds to punch their fucking eyebrows off.
My point is this: Being too opinionated and static in your interpretation of value or froth is always a money loser. The market sets the price for stocks and at times can be incredibly efficient. Instead of "sticking to my guns," I have found "banking coin" to be much easier by being flexible and objective, with regards to value or froth. That's why I believe price action is king. Say what you want about PE ratio's or debt to equity ratio's, if the stock is trading up-- "The Fly" will be there to use it as his personal ATM machine.
As for today's trading:
Today has the look and feel of a bullish day. So far, I am seeing oversized gains in the Wireless sector, such as CELL, VIP, LEAP, RIMM and GLUU.
Also, Japanese companies are trading up, with impressive moves in CAJ, SNE, NMR and MTU.
"The Fly's" favorite way to play Japan is via NKI-wt (NIKKEI 225 call warrants).
Finally, I doubt the Fed will say anything to derail this market. Therefore, I feel it makes sense to stay long and avoid hedging. Additionally, "The Fly" is impressed with the psychotic weather patterns of the planet and will resume purchasing shares of LNN.
To make their argument sound intelligent, they (the bear fuckers) explain in long/run on sentences, how overvalued the shares of RIMM are and how its stock is going to drop 75%, literally any day. And yet, the stock proceeds to punch their fucking eyebrows off.
My point is this: Being too opinionated and static in your interpretation of value or froth is always a money loser. The market sets the price for stocks and at times can be incredibly efficient. Instead of "sticking to my guns," I have found "banking coin" to be much easier by being flexible and objective, with regards to value or froth. That's why I believe price action is king. Say what you want about PE ratio's or debt to equity ratio's, if the stock is trading up-- "The Fly" will be there to use it as his personal ATM machine.
As for today's trading:
Today has the look and feel of a bullish day. So far, I am seeing oversized gains in the Wireless sector, such as CELL, VIP, LEAP, RIMM and GLUU.
Also, Japanese companies are trading up, with impressive moves in CAJ, SNE, NMR and MTU.
"The Fly's" favorite way to play Japan is via NKI-wt (NIKKEI 225 call warrants).
Finally, I doubt the Fed will say anything to derail this market. Therefore, I feel it makes sense to stay long and avoid hedging. Additionally, "The Fly" is impressed with the psychotic weather patterns of the planet and will resume purchasing shares of LNN.
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