I scanned for stocks that were upgraded to “buy” and “strong buy”, exhibiting volume spikes and strong technicals–with big short positions, courtesy of The PPT.
Joined Nov 10, 2007
23,433 Blog Posts
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Thanks M. LeFly.
What is a reasonable target for GSVC and when do you believe Fbook launches it IPO?
Thanks.
Ahh the million dollar question.
I was wondering about the short interest you are showing. I just checked a few but on Finviz “Short Float” for YGE is 13.07%, LNG 11.9% am I misinterpretting these numbers?
I wonder what is EUR/USD short position right now lol somebody I know on some bond desk in some Northern European country tells me it’s bigger than big.
it that thing squeezes .. oh boy
Doing DD on some ADRs … may be it’s time to buy some Euro-trash stocks.
Mr. P, The COT Friday report indicated that the eur/usd short interest still stays at historical highs up to last Tuesday by the Specs..so the rally of the eur/usd didn’t shake anyone out. BTW, pull up AUD/JPY chart, its hitting the resistance levels that stopped it in Aug and Oct 2011, if it starts to pull back, the Euro should be sold also..also, fwiw, you know that the market really priced in a Greek bond deal on Friday and eur/usd could not really muster much of a rally, EU meeting on Monday will imho break hearts, esp if Greek deal is not there (BTW, isn’t it so messed up, They want private bond holders to take a pennies on a dollar deal while countries don’t want to give up any value they have in the bonds)..but I am one of the shorts in the Eur/USD so I am biased, 🙂
You have to be biased since you took a side, I don’t trade currencies, but about 70% of my money are in $CAD… they just so effect markets these days..
By the way some very smart people that I know in britain have been buying Spanish and italian bonds like mad… so we have high hopes on both sides…
They cannot let greece go belly up and has very little to do with economics.. it would be political fiasco for Euro Union..
Greek bond holders might get 60% haircut… no bond investment is safe for the next decade …
I still to my gold bars, as I always, but I am biased, you know.
spelling mess lol
lol…70% CAD, are you canadian and in Cash? CAD is such a oil play and could get hit if Oil finally rolls over a weaker global growth. For me, Evan at Rev Sharks Blog pointed out to me in 2009 that equities is just the tail of the big dog of currencies and that I had to learn them and understand the inner relationship to understand market movement. Since then, I have discovered (well, I know, like duh) that the global bond market is even a bigger dog..so I had to learn what a bund, guilt, etc was (now everyone is watch the global bond market so it is eaiser)…so, I watch all of it trying to learn. For the Euro..I have the Sarkozy election that I am playing, I picked it as one of the key moments of 2012 in Dec. Today there is gossip he may not even run, he is behind in the polls, my eur/usd short has been a longterm play that I just use DRR to trade with. And hey, I hedge with gold..so we are both on the same side of the trade, but my are just coins and equity..lol, no bars. And for spelling, I am the queen of bad spelling…I am so word blind.
No cash lol very little cash actually
Yes i am Canadian lol but I used to have a lot of US $ as I worked in US years back, back changed most of it in CAD when CAD was below 70 cents lol so I could say I am up 3000 pips .. I believe US$ will die hard and CAD and AUD will advance the most.. it has been working so far, i don’t fix things unless they are broken .. I don’t ‘hedge’ with gold… I simply own it for a long long time and adding as we go…
Mr. P, It has been amazing watching the global growth rally off of 2009. I have been watching it and studying it as a copper bubble being created off of China Speculation causing the Shanghai Copper Bubble, If my analysis is correct, the bubble peaked in Feb 2011 when LME copper hit over 10,000. Now, I am watching to see if the bubble will continue to drop now that China is back and won’t restock. Your Global Growth Cad and AUD shouldn’t work if copper sells off. Plus, with Australia’s Unemployment data I really think that the RBA is more dovish, fwiw. For myself,lol, I need to hedge with gold, its hard to go against a bubble..but it is/has been a learning experience. For the dollar, TLT had a little problem taking out its 100% retrace level, give it time..I have hope for our little dollar.
Mr. P, Also thank you for mentioning Joe Granville, even though you are not a fan of his. I had never studied his work with OBV, it was very interesting looking at it, and fwiw I agree with your take.
and really funny that you are really canadian, it was just a lucky guess.
Yes 2009 was an amazing year..
I kind of like that you have such a strong conviction in where we going…
Please do not forget though – you bias is heavily tilted towards China economy… the truth is nobody really knows what is happening in China… who is to tell us that the whole country might not be one giant Sino-Forest .. the #s coming out of them could ALWAYS be great unless they purposely want global economy to get jittery… why would they though – their leaders fully benefiting from global market place.
As for me – I don’t look at gold as a hedge, I look at it as one of the asset everyone should have in their balanced port, as well as NA and international bonds… got to stay balanced.
On another note – stock trading is very popular in Canada , not as popular as hockey though lol
Some might be interested in this – top global 50 energy companies, note that some do not trade in US https://www.pfcenergy.com/PFC-Energy-50/PFC-Energy-50
Wow. I thought unemployment for people 18-26 was bad here in the U.S. (28%)
It is over 51% for degreed younger folks in the Euro zone (Spain 51.6%) Is this already baked into the cake?
http://www.guardian.co.uk/world/2012/jan/28/europes-lost-generation-young-eu
I like the idea and I think I may get short BTU to hedge all my longs.
GSV capital buys 225,000 facebook shares @ $29.28 per share.
http://www.marketwatch.com/story/gsv-capital-buys-225000-facebook-shares-2011-06-27
Facebook going public on NYSE at $38-$40 per share.
http://blog.seattlepi.com/techchron/2012/01/27/report-facebook-going-public-on-nyse-at-38-40-per-share/
At $38 per share, GSVC stands to make $1,962,000.
Fly, am I reading this right? It doesn’t seem like a lot of money.
No way.
I sold GSVC at 18.03 on Friday.(in at high 13’s) Thank you, senor Fly!
I felt like it might go to 20 or more.
It just might, if things get all hot and bothered this week.
… officially …
SHORTER … than VERNE TROYER !!!
.
3% up week coming. I feel bad for those with biases. Numbers have been ‘crunched’.
Here we go…
I see green futures already:
http://abcnews.go.com/Business/wireStory/private-creditors-deal-greece-close-15463739
Whaler, Reuters had the story on Friday and eur/usd rallied on it..”Close” is not the same as done.
yes, it is not a done deal yet.
You should have covered when we were at 1100.
Well, I thought all you bulls would like to think there was something positive to look forward to.
Unfortunately, Asia doesn’t seem to like the “deal”
Futures getting banged up. We shall see what comes of it in the AM.
You might find some big moves in this pile of crap but the real short squeeze is happening in the unwinding of the ‘china hard landing’ trade that has gone epically wrong. CAT FCX BHP blah blah blah
Small gain man
I love señor Fly for GSVC! Please watch Nuance, the stock is just cheap and I think earnings will be a game changer for that low multiple going forward. Apple is either going to buy it outright or convert it into a 40% grower from here. Fly on Monday which one of your pics outside of GSVC should I follow in your wake with? I was thinking GMCR as your #2?
Fly how much in tribute did Rick Ro$$ extract from you in order to use his image on your site?
Gasparino says Face Book is pissed!
http://www.businessinsider.com/gasparino-facebook-furious-at-morgan-stanley-over-leak-of-ipo-news-2012-1
Lead economist at a top London research firm predicts Germany and Holland will bail on the Euro by the end of the year. Calls the relationship a “suicde pact for the dutch and Germans.
http://www.citywire.co.uk/money/why-germans-and-dutch-will-exit-suicide-pact-eurozone/a559322?ref=citywire-money-latest-news-list
My most gratuitous post title of 2012 (but for a reason): Free Money Available Here.
Nah, but sarious, this is a “rare opp.”
_________
Looking for evidence that deal in Europe, CAT/AAPL earnings beats and FB IPO announcement mark an inflection point. VIX is trading at a level (18) that screams SELL. Cashing in some chips on Monday and adding to MON puts.
ABB buys Thomas and Betts– 25% premium