Tuesday, September 11, 2007
Sector Spotlight: Financials
You have to understand who these bears are. They are mentally ill people, who believe the bulls are "evil" for "making stocks go higher." As you know, these hatfuckers are unable to understand simple supply/demand relationships, with regards to money management. America is hard at work and "evil" retirement funds need to be invested, daily.
I find it interesting that they feel the market should go lower, without catalyst. However, whenever the market rips their dentures out, they scream manipulation.
As for today's trading:
VMW is the new CROX. I feel stupid for not jumping on the bandwagon. I must say, Guy Adami from Fast Money, called this puppy first. The great tanned one was opining on VMW, before anyone else. Nice.
Thus far, the financials are rebounding, with decent gains in BX, MS, NTRS, LEH, KEY, COF, KBW, ACF, BCS, GHL, DLLR and TMA.
Also, the metals are bouncing, with notable gains in RTP, ACH and CLF.
Basically, we have a full fledged rally on our hands, as most sectors are deep in the green.
Within my holdings, I like the momo in RIMM, LEH, GME, DCI, VMI and AZZ.
However, out of all my stocks, I like AXR for a short squeeze--near term.
As of now, it looks like the market will end up about1% higher.
I think that will cause quite a bit of indigestion
PS -- you do realize that "la" signifies the feminine, yes?
FLY -- you declined to mention GS, what -- out of spite? BIDU is "fryin'" as well,.
W. regard to AXR -- what the fluck? What's up with the fixation on all these little shitty "Glenn Gary, Glenn Ross" companies like IIG and AXR?
You do realize that second place is a set of fucking steak knives, right?
That is a good point.
I was thinking about that yesterday. You know, my fixation with low quality stocks.
Then I realized, I have plenty of high quality stocks. I guess my endeavors into these bow-wows is my way of rolling dice.
I like to roll dice.
Best "trader" I ever met made his fortune putting dough into shitty little stocks (RGLD at .03- .10 per share) and then just stubbornly hanging tight.
He's got tens of millions in single positions that started out as hundred thousand dollar bets.
He was the guy who gave me MVIS, btw. When it was around $1.50 or so.
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