Thursday, September 06, 2007
Sector Spotlight: Energy
Once again, the homies and brokers are weak, while everything else takes off. Eventually, the market will "moon shot" higher, without the financials, as tech and energy offer leadership.
Thus far, energy related names are best in show, with nice gains in SYNM, ANR, DEEP, TGA, YGE, HOKU and UNG.
However, for the most part, the market has a slow, summer feel to it, mainly because of economic uncertainty. My guess, the market will stay in a tight trading range, until those cow tipping Fed fuckers meet, in a few weeks.
For now, "The Fly" will continue to pound the "jungle bongo's" for stocks like HANS, NTRI, UNG, LNN, VMI, MVIS and ALJ.
Finally, it's worth noting, there is incredible strength in the shipping sector, as spot rates stay nice and lofty. Within the space, DRYS, EXM, GNK and OSG offer leadership.
Thus far, energy related names are best in show, with nice gains in SYNM, ANR, DEEP, TGA, YGE, HOKU and UNG.
However, for the most part, the market has a slow, summer feel to it, mainly because of economic uncertainty. My guess, the market will stay in a tight trading range, until those cow tipping Fed fuckers meet, in a few weeks.
For now, "The Fly" will continue to pound the "jungle bongo's" for stocks like HANS, NTRI, UNG, LNN, VMI, MVIS and ALJ.
Finally, it's worth noting, there is incredible strength in the shipping sector, as spot rates stay nice and lofty. Within the space, DRYS, EXM, GNK and OSG offer leadership.
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Nasdaq holding 2600. As I mentioned yesterday this is bullish.
Hey, somebody has to post some stuff here other than OTR.
OTR= old timer's reunion.
Hey, somebody has to post some stuff here other than OTR.
OTR= old timer's reunion.
Second day in a row that Biotech and Gold stocks are leading. Also if their is a shooting war between Syria and Israel will Nancy Pelosi join Assad's Air Force?
She's already part of Assad's Mossad.
btw -- Did you hear what that assface Chuck the Schmuck Schumer said yesterday?
Reason #4,522 why I'm glad I'm outta NY.
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FLY -- jungle drums... UNG-awa!
btw -- Did you hear what that assface Chuck the Schmuck Schumer said yesterday?
Reason #4,522 why I'm glad I'm outta NY.
______________
FLY -- jungle drums... UNG-awa!
Shipping stocks...
Also look at QMAR for steady dividends at over 6% rate---stable cash flow as 28 of 29 ships are on long term fixed contracts; avg life remaining is 2.8 yrs.
Day rate plays like DRYS will continue to be strong as rates will be steady to increasing.
Shipbuilders are currently focusing on LNG and oil tankers (where the $$ are), so no significant new supply of dry bulk ships are getting put into service to meet demand. Grow in dry bulk ship biz may end up coming from M&A.
Also look at QMAR for steady dividends at over 6% rate---stable cash flow as 28 of 29 ships are on long term fixed contracts; avg life remaining is 2.8 yrs.
Day rate plays like DRYS will continue to be strong as rates will be steady to increasing.
Shipbuilders are currently focusing on LNG and oil tankers (where the $$ are), so no significant new supply of dry bulk ships are getting put into service to meet demand. Grow in dry bulk ship biz may end up coming from M&A.
something is up with BOOM. very different tape today, someone just BOT 32k @44.30. last few days have been very different rhythm. i think something is up.
naked shorting trying to suppress pps, but the accumulation continues. OBV is still up... the squeeze is coming...or news and a gap up.
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