Most likely, we are in the extreme latter stages of the rally. To borrow a phrase from someone in the comments section: this is the seeds and stems rally.
Stocks like [[MXC]], [[GEOI]], [[FPP]], [[ROYL]], [[SYNM]], [[MPET]] and [[PDO]] are just rolling on bears, while some of the bigger names sit the rally out. Cajun and I nailed MXC at $8, but failed to act.
Anyway, during the “seeds and stems rally,” you want to be long the most hated/reviled names, with tight stops.
For example: ethanol, networkers and refiners.
Is there a sector more despised than ethanol?
They’re fucking burning corn, while the world starves. Sweet.
Within ethanol, I own [[VSE]], [[AVR]] and [[BIOF]].
My watch list includes:
[[PEIX]], [[MGPI]], [[RTK]], [[CZZ]], [[GPRE]] and [[XNL]].Within the refiners, I am long [[VLO]].
My watch list includes:
[[CLMT]], [[TSO]], [[HOC]], [[ALJ]], [[DK]] and [[SUN]].Within the networkers, I am long [[FNSR]] and [[EQIX]].
My watch list includes:
[[MRVC]], [[CNXT]], [[SVVS]], [[AVNX]], [[RVBD]], [[INAP]], [[TLAB]], [[JDSU]], [[LVLT]], [[SDXC]] and [[LLNW]]. If you enjoy the content at iBankCoin, please follow us on Twitter
MXC hurts every time I looks at it, but it makes me feel better knowing Timmy is short.
At least we caught FNSR.
Hurricanes = FUEL $0.75 – $5
Love ORA for alt energy…this one is real
MTZ new highs,watch it run this afternoon the same way WGOV did on Cramer’s pump.
Whats this fucking record move based on? New highs here we come, record low consumer confidence here we come also.
Senor Fly,
Are you holding on to NVDA? What’s your exit price?
We’re rallying to 1500 SP500… since when oil goes up, the stock market goes up.
people follow their little ‘technical’ indicators now.
Traders don’t rely on fundamentals — that is so 1990s
They’ll just walk right off the cliff for the last half point.
Better make sure you’re out on time though — going to be a biotch when 9 million trend traders all notice the trend breaks at the same time — then who’ll buy?
We’re not smoking buds anymore, that’s for sure.
Sell on first sign of weakness.
When this shit ends, X will dive bomb to $100, amongst other things.
Light volume, low VIX, no fear. Time for a nap.
I’m short X
Big stocks faltering.
This rally is made from shit.
Developing…
DRYS went skydiving 😛
GW ….check out RZ
regarding LLNW…
http://blog.streamingmedia.com/the_business_of_online_vi/2008/04/update-on-akama.html
What in the fuck?
I go away for a few days, and come back to find
a) Commmunist propaganda posted on the site. (And really dumb communist propaganda… Naomi Klein taking shots at St. Milton? Is that moonbat nuts?
b) FED up for some inexplicable reason (hoping it’s short covering).
c) The Trannies at new highs. (Though off that now).
d) The Fly in fully coked out, methed-up, opium-derived bull paroxysms, buying every shit stock extant, just for that four minute crack high one gets from the “quick pop.”
And to think, I felt guilty throwing IOC at you the other day. Must’ve been a “Gateway stock.”
Whaddaya know? Skiffles up.
_________________
Weekend report — Met my first real life blogger in Vegas this weekend. Gary from Smart Money trader. We had lunch. Not only an excellent student of the market, but a very nice guy, fwiw.
Dumb people vs. Smart people, an object lesson:
holy shit thats fucking unreal