For bounce week, I expect to see several days of gains in the market, effectively putting everyone in the meat grinder, both long and short. Nothing is ever easy. And, for the most part, the bears have had their way for the past 6 weeks. It’s time for them to lose some sleep and digit in their bullshit brokerage accounts.
The initial pop will be found in extreme oversold stocks, like Chinese burritos and many of the names (JCP) that I’ve highlighted here over the past few days. Then we will move on to big industrial and stocks with large short positions. You should look towards names with large short positions, coming off the 200 day, approaching the 50. After that initial spike, should we continue higher, look towards names approaching the 20.
Let it be known, another day like today and The PPT will be overbought again. So, from my standpoint, I’d like to see a tepid tape tomorrow, followed by a BROKEN ROBOT, rip your head off Thursday and Friday.
For the day, I was up 4.1%
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Rip whose head off ?
Bearshitters I presume, no?
Awaiting Moderation?
FLY – your definitely right on this one – new highs ahead. I’m in high tech manufacturing and after a brief lull the orders are pouring back in. Ramping back up baby!
first
Not really … I’m stuck in moderation at the top … LOL
FIG
I also would like to see another day of conviction buying before putting my head in water.
where the fuck is samson?
samson it’s sheila, momma fell!!!!!
samson is short for samsonite in case you fucktards dont get it
http://www.youtube.com/watch?v=G4ev-BtPMM8
Firstest!
Despite Xero Hedge’s “Huge” greece delay news, the euro is flat after hours
They’ve been calling for the imminent collapse of the euro for the last 2500 pips upward.
And yet they still insist that its about to happen, any second now.As if you will wake in the morning to find european gas stations demanding payment in Thai Baht currency.
Cant see it collapsing anytime soon. If anything, 1.60 looks likely. They were actively talking about raising rates again today.
One nice thing about the euro—its natural disaster proof. With just one moderate tsunami, or earthquake, on east coast of Us–the dollar could drop to 65 overnight.
The eurozone is so big, its nearly impossible to destroy with natural disasters.
It can just reconstitute itself, like that liquid metal terminator robot.
The man Soros put the hex on Europe today by proclaiming that if they keep bailing out Greece, the bigger the chance of the Euro zone going under. Basically they are doing the same thing we are, hoping that the economy improves so they can pay down the debt. But what if the economy doesn’t improve as Soros suggests?
Ever the dissident, I’m doing DRYS for a big blip.
Even crazier Libya shit:
http://www.bloomberg.com/news/2011-06-14/qaddafi-coddled-by-u-s-oil-companies-whose-hearts-are-where-the-money-is.html
excerpt: “The Libyans wanted to protect that income, which their government estimated at $1 billion a month and a ConocoPhillips executive put at $500 million to $750 million a month, according to a Stevens cable. Libya demanded that U.S. companies begin paying in euros to avoid the U.S. financial system, Stevens wrote. THE COMPANIES COMPLIED, he said in a cable.”
Sickening isn’t it?
Fly,
What’s the point of even having Alphadawg blog inside the PPT when he is contributing NIL to the service?
Ok, I understand that he is in 100 percent cash and up about 20 percent YTD.
Congrats!
But if you hire a guy to offer a perspective on the market, he should be providing it whether he’s in the market or sitting it out, IMO.
You have Alpha all wrong. He actually volunteered his thoughts, free of charge. You should be grateful for his service, not chastising him.
Oh, my apologies to Alphadawg then.
Dishobgyn says I was out of my mind for buying BORN yesterday at $3.84!
Well BORN was up $1.03 or 26.28% today!
I wish that I was out of my mind like that more often!
Congrats on your $103 gain!!!