Friday, July 06, 2007
If you are so stubborn, unable to see the bullet zipping towards your head, listen to what "The Fly" is telling you now. Put away your "macro economics for dummies" book, and listen up:
Cover your shorts now and go long, before it's too late.
"The Fly" is rarely wrong on broad market moves, especially while properly caffeinated. I'll have you know, just today, I drank 3 green Monster Energy Soda's and one giant iced coffee, while blasting offensive music-- making the paintings on the wall vibrate.
Furthermore, I like this market so much, I am perplexed where to invest. I like everything.
Today, big dicked gains were found in the homebuilders, metals, oils, tech, retail and brokers.
With my money, I will try to stay focused and not spread myself too thin. During next week, I will buy BWLD, MVIS, OEH, VLO, EQIX, AEO, MATH and maybe some BXC.
Should the price of lumber break $300, I suspect lumber stocks will get a boost. Today, the price of lumber soared higher, up $13 to $297.
Additionally, with massive heat waves gripping the country, I expect to see blackouts. Now, there are plenty of infrastructure companies to choose from. However, I am partial to AZZ. If Mother Market loves "The Fly," she will let me buy the fucker on a dip.
Finally, if a shotgun were put to my head, in order to extract one stock pick, I'd say: "shoot me if you must asshole, but before you do, go long OEH."
You sir are a bearshitter. Moreover, never question "The Fly," especially when the important matter of BWLD comes up.
Short interest is at record highs. Too high to prevent a seasonal selloff unless something totally unexpected hits us out of the blue. As the bulls place their buy orders, they laugh at those who worry about rising oil, collapsing housing markets, and tightening credit conditions around the globe.
So, I expect the opposite of a seasonal selloff. I suspect the bulls will force the shorts to capitulate over the next couple of months resulting in a blowoff top, pushing the indices up another 10% or so.
That would set up "the mother of all corrections" for around October.
i wouldn't buy the borad market index funds, though --with the exception being QQQQ
Fly, sorry for the offense of questionning BWLD. Here's a contest: If it hits 48, which is above resistance, you win, if it hits 38 which is below support, I win. BWLD is right in the middle of the range now so perfect timing. Will be back to admit defeat or claim victory. And I'll even bring my family to BWLD tonight to help you a bit. Good luck!
Finally, bears are counting on some catastrophic crippling pandemic to bring our market down. One powerful rebuttal to that weak argument is that the past two selloffs (one happened yesterday) in the Chinese markets had very little effect on US markets.
Now if you'll excuse me, enough with the economy, I have to go study some MATH this weekend.
Yeah, PDLI looks like a bottom, but keep it on a short leash with a stop just below $23. Although personally, I wouldn't buy until it showed a little bit of strength.
And yes, Broker A, I know stops are gay.
Fuck you, I'm up 110% this year on BWLD.
Plus anyway, I don't make bets with internet people who call for "the mother of all drops."
Very, very fucktarded.
Specifically, do you think NEXS still has legs or do you think it has run its course for now?
For what it is worth, I work for an architecture firm and it is a good bet that the demand for LED lighting is going to see high growth.
Jeremy (the other Jeremy)
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