Monday, September 10, 2007
Sector Spotlight: Energy
Speaking of housing, my AXR posted good numbers this morning. No one cares.
Oh, and LAZ ("The Fly" is short) is buckling under, as investors "figure it out."
Thus far, the market is a mixed bag, and could go either way. Decent gains can be found in natty, metals and semi's, while weakness permeates the homies, brokers and retail.
This paradigm cannot continue, by the way. It's too easy. Either the bargain buyers step into the financials, homies and retail or they get obliterated. Bottom line, this slow drip shit won't last.
Within the energy sector, there is momentum in CEO, GASS, UNG and HOKU, while vast weakness affects HOC, TSO, VLO, BTJ, ALJ and DK.
As for me:
I think it makes sense to take a nap, while being long SRS-- and short LAZ. In my opinion, no way in hell those lazy fuckers from LAZ meet their numbers. They're a "deal firm." Guess what?
There are no deals.
Aside from that, I'm disgusted by the fuckers on CNBC, with their "hurry up and sell your house before it's too late" commentary.
Can't wait for FOX.
NOTE: Please take the new "Fly Survey." Are you bullish or bearish on the markets?
they want a close below 18.0 & then another one below 17.5
the company has said they will buy back stock .. the last couple days, they lifted it almost a buck in the last 30 minutes .. will they show up today, who knows
your friend, richard.
Today, Reliance Communications Ltd.,India's second-biggest mobile-phone operator, began offering Research In Motion Ltd.'s BlackBerry service in India.
China & India added more than 15M net new subscribers to their wireless services in the month of July and that's an increase of their growth rate to 40% YY.
iiG going higher.
GES way over valued.
CORS will not hit $10.
LAZ sucks balls.
Did I miss anything?
Obviously, we don't need a "do nothing, sit on the hands", surprise.
Staying away from financials. Reward is not there for the risk.
I really don't know what will happen on the 18th but I can build a case for why the Fed shouldn't cut rates at all. All you cheerleaders want several cuts and I just don't get it. Mid/long-term, there's no escaping the "day of reckoning". Play both sides of the market for god's sake.
Massively long USDCAD right now...
First of all, fuck her.
Second of all, how do you get deflation out of a rate cut?
LGP are you looking at the 1 minute candles?...just had a big engulfing pattern...could be heading down.
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