Friday, October 26, 2007
Sector Spotlight: Energy
And, we have a rally, thanks in part to a 'well-hung' earnings report from MSFT. Also, it appears the tanned one (CFC) is pulling rabbits out of his ass, promising to book a profit next quarter.
As a result, we have a lose-lose situation for the shorts transpiring. I see you fuckers trying to lean on weak DOW components, desperately attempting to bring the market lower. It's not going to work today, fuckface. My sense, we close up between 1-2%. Too many bearshitter, too little robster.
By far, my best performers are my refinery plays, ALJ, VLO and DK, thanks in part to the old fucker at Tracinda taking a piece of TSO. In my opinion, the refiners have a lot of catching up to do, with oil above $90. Also, the oil service stocks are on fucking fire, with mind numbing gains in FTK, GHM, OII and DWSN.
My favorite plays are the refiners, especially VLO and ALJ.
Also, keep an eye on some of the metal stocks, they've been lagging. Should the sector catch fire, "The Fly" will double up on his RS position.
Finally, I'm going to put my neck out there and say the Morgan Keegan analyst, who downgraded BWLD on valuation, is a heroin addict--who has no idea how good BWLD is doing. Comparing BWLD to CMG, one could make the argument that BWLD is 50% undervalued.
Go eat some wings, you fat fuckers.
NOTE: JP Morgan is a criminal enterprise.
I agree with BWLD, that is the spot around my neck of the woods. I go there at least 2 times a week, no bullshit. Oh, and they are on a wait every time I go.
I had dinner with my buddy last night (among others) who has been bang on with his Baidu.com (BIDU) call. He told me off-line that he plans on selling his holdings to the Chinese when those "in country" are finally allowed to buy the stock (ie-it's listed overseas). His take, for what it's worth, is that BIDU will pop a few hundred points on that news and he'll make a sale with an 8-handle.
To be clear, I have never owned this stock and I'm not buying it now. But, as he's been very good in the name, I wanted to share his fare. You always wanna see both sides of every trade and, well, now you do.
God help us after that
Refiners from summer highs to recent lows:
TSO: -37% $63 to %46 today not used
FTO: -37% $48 to $35
DK: -25% $30 to $24
VLO: -24% $78 to $63
WNR: -86% $65 to $36
WNR has a better chance to maximize your gains once you buy it back for the spring move. Wait for an uptrend and the crack spread to improve.
He supposed to come out with another next week. It's probably an instant buy, if you can discover who it is.
EJ never went very far below the price it rose to the first day of his rec, and has added another 20% since.
That man knows Chinese.
Nonetheless, yesterday he recommended TKC.
EJ is on his buy list.
CMG gets tons of people in and out with minimum overhead and has lots of people who just pickup food and head out. BWLD they sit around and watch games while drinking beer. That's great, but not when they eat, have 2 beers, and then sit there for the next 2 hrs preventing you from turning the table over. Not to mention the idiot work buddies who come along and don't even drink. BWLD is great, it just can't do the volume per location that CMG can.
You'll let us know what it is wontcha?
I am judging CMG and BWLD by net margins, or the only stat that counts in the restaurant business.
Their estimates on XFML are too high and they know it.
Two analysts at .06, two at .15.
How could this be, especially when JP was lead underwriter?
Answer: Criminal enterprise.
You and your minions talked to them and they have no problem being 150% more than the other 2?
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