Wednesday, July 25, 2007
Sector Spotlight: Financials
In general, the tone of the market is good, but dicey. It seems, everyone is waiting for the hammer to drop.
Right out the gates, Chinese related stocks are ripping higher. There, momentum can be found in LFC, ZNH, SOHU, CHU, FMCN, amongst a variety of others.
In my opinion, look for the weak, old shorts to cover their losses, grateful to get out of their positions alive. This market will not nosedive, providing these weak, old fuckers hold big short positions.
Right now, I feel NTRI is a screaming buy. The company is a cash cow, looking to net $3.50 in 2007. Fuck around, the CEO will decide to take the company private. Trading 13x 2008 numbers, I feel the downside is extremely limited, at these levels.
The most important part of the market, right now, are the finanacials. Because they represent more than 20% of the S & P 500, it's important they remain healthy. Thus far, the index is up 1.77%, with big gains in all of the brokers.
In short, I will try to get a feel for the market, early this morning. If I feel the gains will hold, I might add to some positions. If not, well then, I might eat oatmeal.
NOTE: Please take the new "Fly Survey." Are you bullish or bearish on the markets?
NOTE: Regional bank BBX, looks as cheap as balls.
This is bad.
Now, the fuckers can drill stocks down. Volatility will hockey stick, because of this rule change.
In 3 years, platinum has gone from 800 to 1350. Palladium has gone from 225-375. the DOW has gone from 10-14,000.
And what has SWC done over this extremely bullish time? Gone from $14 to $10. You sir, are a douchebag. These guys couldnt find a dog turd in an overcrowded kennel.
Someone asked about it recently. The stock is fully valued here...Just sold it at $ 19.05.
I'd normally move my stop up, but with the way the market is behaving, I'm out of it.
This week has better odds in Vegas, as is said ad nausea, but true.
The game is rigged. Don't you know that?
Go fuck a shoe.
I'm holding tight.....maybe for a very long time. there will be a time to sell, now is not it.
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