Tuesday, June 26, 2007
Sector Spotlight: Bear Sterns
Lots of crazy stuff going on today, such as higher stock prices. As you know, BSC is on the verge of handing out free "mushroom clouds" to U.S. equity holders. Furthermore, it doesn't end with Bear.
Nope.
Look at LEN's numbers today. All I can say is: wow.
Right now housing is so bad, it almost makes sense to be homeless or even worse, rent. Clearly, the Gov't is trying to cushion the housing bubble disaster, via wreckless spending. In other words, if it weren't for all the stimulus provided by Washington, jobless rates would be at 12%+ and ANF would be boarded up and closed.
I know all of this useful information, via "Economy for Dummies" text, vol.1.
With my money, I am looking to sell short AAPL, ahead of the iPhone. My technician tells me the stock is forming a "bearish wedge," and should top out soon, sometime Thursday to be exact.
Also, as we know for fact, GS is hiding their "Bear Stearnish" exposure to the sub prime market. Ignoring GS's dominance in finance, I would argue its PE is too high, considering they have made their money via ponzi scheme.
"Fair value" for GS is $50.
Finally, I strongly suggest avoiding any stock that has less than 90% institutional interest. Obviously, if the "big money" hasn't heard of the name, it probably isn't worth investing in. I know many of you will say "shut the fuck up dick, institutions are full of corporate asshole hacks." To you, I reply: "every big winner has been sponsored by institutions, from the very beginning."
True story, look it up.
NOTE: Please take the new "Fly Survey." Are you bullish or bearish on the markets? Easy question to answer.
Nope.
Look at LEN's numbers today. All I can say is: wow.
Right now housing is so bad, it almost makes sense to be homeless or even worse, rent. Clearly, the Gov't is trying to cushion the housing bubble disaster, via wreckless spending. In other words, if it weren't for all the stimulus provided by Washington, jobless rates would be at 12%+ and ANF would be boarded up and closed.
I know all of this useful information, via "Economy for Dummies" text, vol.1.
With my money, I am looking to sell short AAPL, ahead of the iPhone. My technician tells me the stock is forming a "bearish wedge," and should top out soon, sometime Thursday to be exact.
Also, as we know for fact, GS is hiding their "Bear Stearnish" exposure to the sub prime market. Ignoring GS's dominance in finance, I would argue its PE is too high, considering they have made their money via ponzi scheme.
"Fair value" for GS is $50.
Finally, I strongly suggest avoiding any stock that has less than 90% institutional interest. Obviously, if the "big money" hasn't heard of the name, it probably isn't worth investing in. I know many of you will say "shut the fuck up dick, institutions are full of corporate asshole hacks." To you, I reply: "every big winner has been sponsored by institutions, from the very beginning."
True story, look it up.
NOTE: Please take the new "Fly Survey." Are you bullish or bearish on the markets? Easy question to answer.
Comments:
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whats the time frame on your bullish or bearish survey ? anyways, put me down in the I have no clue which way we're going, nor do I care.
I return to find total chaos in Flydom. However, these latest posts signals the opportunity I've been secretly preparing for. If even ShortDaBull can...
Unfolding...
Unfolding...
Its end of quarter, lots of bears, and the Fed statement this week which is usually bullish for stocks after the initital reaction. I say go for it for a few days anyway.
broker, doubletalk is harder to come up with than just speaking your mind.
ignore the noise.
fine, GS is never a short, but don't you think there are more shoes to drop with BSC? or, at least, fear of shoes? I have BSC in the same camp as LEN on being "inexpensive" right now.
ignore the noise.
fine, GS is never a short, but don't you think there are more shoes to drop with BSC? or, at least, fear of shoes? I have BSC in the same camp as LEN on being "inexpensive" right now.
Lots of shoes.
Go with the puts. Always a good idea.
Get back to me next year, in the middle of the apocalypse, and tell me LEN is "inexpensive."
Go with the puts. Always a good idea.
Get back to me next year, in the middle of the apocalypse, and tell me LEN is "inexpensive."
MVIS testing major upward trend line as well as 50dma. Yea..Yea.. It is what is.. This is what seperates the men from the "fucktards".
GS is a short as is everything except maybe so called value stocks in a bear market. Almost nothing will hold up in the face of a bear. Remember 2000-02, 1990-92, 1984, 1979-82.
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