The dollar is down and oil is up; therefore, stocks will likely trade higher today. Most of my positions are green, merrily swimming around in a shark free environment.
Early this morning, MWA, caught an upgrade, effectively pushing Senor Tropicana in the black. And, as you can see, FNSR does not go down.
For the most part, I’ve got my positions worked out, sans and semblance if a real asset allocation program. I will be using strength to reshuffle my positions, in order to slow down my beta. My number #1 pick is still GLW, based upon robust LCD sales, worldwide. In my opinion, I think the stock prints $18, maybe $20.
Bottom line: If you are stupid enough to be short stocks today, you are playing with fire. All of the ingredients for a break the fuck out tape are present.
Trade accordingly.
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The fact that 10 banks can now repay the TARP is EXTREMELY NEGATIVE. Basically last nail in the coffin for financials. Banks that didn’t really need the TARP can now repay it. What about the 9 banks that will never be able to repay the TARP?
Load up on FAZ.
Key to remember, the market is trading like we are living in bizzaro world. Way too much good news is very negative.
sergei: Sorry comrade but your account is effectively going to zero in FAZ.
Impossible to lose on the long side in this tape.
Shorts! They’re what’s for dinner!
Anon, think about what you just said:
“impossible to lose on the long side in this tape”
enuff said
with regards to FAZ, i would never buy that crap myself, and short the market instead. but you get the point
fade the late day rally
Anon…impossible to lose..hmmm another shit shoot…!!
SRS ladies…rates up, comm.-re….fucked again.
The rally will not be faded, unless the dollar firms and oil weakens.
Fly,
FTK doesn’t look very healthy. I know you’re not a chart chomper but the technicals don’t look all that favorable. Not feeling it here FWIW.
How did banks like WFC make so much money Q1 this year?
Refinancing.
Well, refinancing is dead with mortgate rates up 100 basis points.
Kid
It is a turd. I am patient.
sergei – so the yield curve is even steeper. banks borrow at zero and lend at more. you fail the internet.
RFMD broke out of range.
Jailbreak at CNXT. RC, with another great call. This place is the bestest.
What’s going on with SQNM?
Buying CNXT.
Currently playin MWE, CFK, TCK, ESV, MT. Still like oil with DXO & financials with FAS.
My post was deleted?
Fly….do you like AUO as well as GLW?
Sorry, damn refresh!
I like LPL and AUO.
Short VNDA
what do you think of TRID today? looking peculiar…
Fly any views on SPIL. they reported higher sales but the stock just hasn’t got a heart.
Mr. Anderson, with a Bullet!
Now up 89.4% since the start of the Jacksonian Portfolio a scant 40 days ago.
_______________
franky,
TRID still looks good.
MOST…BORING…TRADING…DAY…EVER…
Boring days = win for bulls