Tuesday, September 04, 2007
Sector Spotlight: Tech
By the way, in the previous post, I forgot to add PVH, SU, TGT and ADBE. All of them are current positions. Oh, and in my wife's account, she is long LULU, despite my dire warnings of pending disaster.
As for today's trading:
Retail stocks are getting their balls knocked around, like a speed bag, as MWRK, PVH and DDS bleed out. However, there is strength in other names, such as EBHI, CACH, PERY, BKRS, JOSB, SCVL and BONT.
For the most part, retail sucks.
The real fun is in tech.
Within tech, LLNW, ISLN, AVCI, RACK, NETL, SILC, HLIT, NFLX, MFE, LOCM, YHOO, GOOG, BIDU, GRMN, NVDA, TXN, AAPL, ASTSF, KLIC, MFLX, SWKS, EMKR, AMKR, OIIM, PRKR, SUPX, OVRL, SNDK, LEAP and PCS have "fuckloads" of momentum.
However, the market doesn't have strong underpinnings. Therefore, I feel it makes sense to lighten up and take profits, in order to have some cash available for the next dip.
Now, do not misconstrue my message of conservatism for bearishness. As you know, I enjoy dispatching people to punch off the eyebrows of "bearshitters." Moreover, by year end, I believe "The Fly" will book 40%+ gains, mainly by using his "calculator brain" going long stocks.
As predicted, LNN broke the fuck out. Now, look for three stocks to catch fire, AXR, iiG and AZZ.
what a waste
A Moment of Reflection
We interrupt this morning's strut to ask for a moment of reflection for Seth Tobias. Seth, who I've known for many years albeit not as closely as I might have liked, was one of the first folks to step up and help with the Minyanville All-Star Guitar that was auctioned off for the Ruby Peck Foundation for Children's Education.
Seth passed away this weekend at the age of 44.
We would like to extend the entire spectrum of Minyanville white light to his family during this tragic time.
Seth, may peace be with you.
Seth the dude from circle T partners correct??
Dam he was too young. Gotta start eating more veggies.
Shortly after GOOG was brought public, a trader's assistant without trading authority at Circle T, Seth's firm, shorted boatloads of GOOG and lost several million dollars. I'm not sure if it was ever confirmed, but the trading assistant was rumored to be Doug Kass's son.
After the rogue trading was discovered, Seth used his own money to make the investors in the fund whole. The number I have in my head is $7 million, but it's been like 3 or 4 years so I'm not 100% confident in that number.
9/4/2007 12:27 PM EDT
My ex-partner Seth Tobias died yesterday in an accident in Palm Beach, Fla.
Seth had a sparkle in his eye and a good heart.
My condolences to all of his family.
So I'd have to say he died in the saddle with a high-priced hooker while doing coc. And thats what I'm going with until further notice.
Sadness and losing loved ones is not a unique experience, with the exception to immortal vampires.
No fuck off and go blow that goat.
If it is true, I want to express my condolences to his family.
44 is so young.
My deepest sympathy to his family.
I will really miss you.......
Click on Video: Marital Problems? It's Filomena's Mug Shot
I think she killed him!
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