Thursday, June 07, 2007
Quick Alert: Beartarded Party
While I am still bullish, short term, I feel the market will poleax itself-- another 3%.
Also, I am hearing a very large and respectable fund, aside from Fidelity, is taking down stock in ARWR--daily. Anticipate some sort of ownership filing, shortly. Also, I anticipate MVIS will get an accessory deal done, for its Picop, near term.
Finally, my approach to this decline is to take my losses like a fucking man. We are still in a bull market and it makes little to no sense trying to make a few rubber nickels on pointless momentum short sales.
Next thing you know, the market reverses and rips your face off.
NOTE: Check out HLYS getting its cock chopped off.
Another 3% down seems right. Broker throw me a good Nat.Gas ETF or stock.
Check out the clip below--This guy if funnier than shit- A new show on MOJO network "King of Miami"
Kind of a cross between Borat, and Pauly Shore.
Although i believe the metal sell off is overdone.
I like GMXR for natty.
Let's see if they walk up ARWR, end of day.
Oh, and here are some other long picks to thank you for MVIS:
This market will kill the shorts starting tomorrow or next week. Will be fun!
Here's another deal: CERN 55.50
CERN is a local story here. Rumors of GE taking them out.
still is CHK.
Insiders own 16% of the company and there is a large short position of 48 M shares (over 10% of the shares o/s)
check out the insider buying in the last 18 months. McClendon now owns about $1 billion of CHK; Ward owns over $500 mil.; I guess they plan to eat their own cooking.
looking for mid-40s by y/e.
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