Oh no, GDP came in a bit lighter than expected. Couple that with the fact that everything is doomed, the market might trade down by 50 points today. I am sure Ben Bernanke is sitting in his living room, in a frenzy, watching CNBC and saying “what in the world am I going to do now?”
In all seriousness, a good 5% pullback would be healthy for the market in order to consolidate recent gains and flush out the weaker hands. That will give the true buyers a chance to get in at respectable levels. We all want to own FOSL, CLF and other such names, but lower.
Even though I have only 15% of my assets in cash and I am long a variety of high beta, cocaine fueled names; I am prepared to invest every single cent, AND MORE. I am prepared to leverage up, whilst eating deep fried Big Mac sandwiches, drunk off southern moonshine.
Looking at the SBUX numbers, I am impressed with their K-Cup sales of $100 million in two months. Of course this is the beginning of their K-Cup excursion, which might have been the reason for a little overzealousness. However, it’s impressive nonetheless, especially since they hardly marketed their K-Cups due to supply constraints. This is a small aspect of GMCR’s business but may be the tell or the clue that speaks to a bigger story. I am becoming increasingly positive on GMCR sub $50.
In the meantime, it’s a rainy Friday morning and the market is soft like tits. I will be buying dips.
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I made the mistake of hanging onto RVBD going into earnings (think MWW). It’s down close to 20% in premarket. On the bright side, I don’t have a large position but still down 20% sucks!
CLF down quite a bit in premarket based on pre-earnings announcement.
It does suck, but hopefully you have other positions to offset.
I am still 98% cash but I have deployed 20% of my assets back into a trading account where I shall make back all of my recent losses, AND MORE…
With the world mezmerized by K-Cups does it not follow that MFB is about to burst at about $19.58?
Finally, this from a colleague in Norway
Friday Humor – It’s about being creative
An old man live alone on a farm.
He writes to his only son, Petter who sits in jail.
Miy dear son Petter
I’m not in the best of health now.
I’m old now and don’t feel to welll. I don’t think I will be able to
prepare for growing potatoes this year, at my age.
I wish you were hear to help out your father.,
beccuse I know you would have done this for me.
Your Ps
A week later the father gets this reply:
Dearest Pa
You must Not dig in the potato fields, that’s were we hid the bodiesl.
Your son Petter
The following day the FBI, local sherrif raids the farm. They dig and dig up all of the potato fealds,
but dosn’t find anything and leaves wiith a deep applogy.
Not long after the farmer receives a letter from his son.
Now you can set the potato fiellds, it was the best I could,
accomplish from were I’m sitting now.
In other news America has been reduced to cum swilling and piss drinking in order to make money.
http://www.tmz.com/2012/01/26/fear-factor-donkey-semen-stunt-nbc/
that show is revolting.
I really regret having followed this comment…
lol
Don’t like the SBUX. Have tried nearly everything, and I keep going back to Italian and French Roast. Even I am now limiting myself to two cups per day.
who needs sbux when you can make your own turkish cawwfy, to go along with your french roast.
Don’t like the SBUX. Have tried nearly everything, and I keep going back to Italian and French Roast. Even I am now limiting myself to two cups per day.
+++++++++
try the new blonde roast. quite nice.
The Starbucks k cups are hands down the best offering in terms of coffee selection. Ever since the first box, the keurig has been on overdrive.