Swiped from The PPT, here is the full list of growth stocks that have sold off more than 10% over the two weeks.
Do you have an interest?
After today’s open, you can add FSLR and SODA to that list, both companies are getting GRAPED in pre-market trade thanks to abhorrent earnings. It’s worth noting, I sold both significantly higher. In other news, CPST announced a secondary offering, which was to be expected. Although the share price is lower in per-market trade, it is to the benefit of the company longer term.
Tomorrow auto sales will be released. I believe the number is going to be big, thanks to a variety of reasons. You may see upside in TM, GM, AXL, ORLY, DLPH etc. in the near term.
I am still looking to get long BID. But I want lower prices before getting in. Ultimately we’re all guessing, some better than others. When the market was trending lower, no one said “hey, it’s cheap, let’s get in.” Now that the market is nothing but green and no one is taking an opposing view to the prevailing trend. Odd no?
It’s fucking painful to hear the same talking heads on CNBC and Bloomberg radio, discussing the market as if they had a clue. I’d much rather read your comments than suffer through Cramer diatribes, talking about DEFCON 3 and imminent collapse to the current spiel: “this market is going higher.”
It’s a screed people. Moderate yourselves from doing harm. Play the tape and enjoy the excess; but don’t buy into the dream, for it is a fucking mirage.