Friday, July 20, 2007
Unfortunately, the U.S. dollar is in the tank and our beloved financials have "shit the shower."
Without a doubt, if the dollar keeps going down, I will cancel my fucking trip to Belgrade.
As you know, "The Fly" was unscathed by today's knife to the chest tape.
I had nice gains in AAPL, FMCN, SNDK, CLX and NVS.
However, it's worth noting, I was blown the fuck up on everything else.
Look you, this is the summer doldrums. For the most part, expect the market to be range bound, before it goes banana's-- starting October.
With my money, I might load the fuck up on NTRI. I'll let you know, Monday.
And, I will continue to buy the dips in HANS, LZ, MCHX and BWLD.
Finally, in my opinion, it makes sense to start nibbling (like a rat on cheese) at some of the financials. By any metric, they are cheap. My list includes: GS, BSC, LEH, MS, LAZ and maybe BBX (trading under book) for a long shot.
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