I am a bit panicked by today’s gap up in futures, frankly. I see everyone else on ferris wheels and roller coasters, having the time of their lives, eating cotton candy and popcorn, and all I can think of is ” boy, do I wish I can throw those people into the gears of that ride.”
My situation is as follows:
I am long VXX tits and a TZA steed, alongside egregious amounts of TIF, CPST and ALJ. Actually, let me retract that whole, fucking, sentence. My cash position is north of 60%. Therefore, I am sitting on the sidelines, a mere spectator in the game of money changing.
However, I had grandiose designs of buying dips and taking advantage of the margin liquidations of others, like a vulture gnawing away at a corpse.
This is what I have to choose from, as far as dips are concerned.
(2 week return)
MTW -12.8%
ALJ -11.5%
EXK -9.5%
LUFK -8.4%
CREE -7.2%
JOY -13.8%
BTU -13%
TCK -11.6%
FCX -11.6%
JNPR -10%
POT -9%
CLF -8.5%
FSLR -37%
DECK -24%
TC -23%
ADTN -20%
IAG -11%
AG -10%
My choices is pretty straight forward: buy into the Chinese sensitive stocks, despite signs of a slowdown, or wait for the market to come to its senses.
Ha!
My point: there are dips to buy and perhaps this is a good opportunity to step in on some of the above names, for a trade.
All that aside, TIF is still my top pick.
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this ought be great !
Emergency buying as in panic buying?
I wouldn’t do it. Lot of catalysts now behind us…weakness around the globe. This is the umpteenth “Greek bailout” rally….its pretty disgusting quite honestly.
EXK would be the quick trade here with all the risk on party on attitude.
TCK not so much if Chna blips lower so will will the TCK
don’t do it! 😉
TALK ME OFF THE LEDGE. I’M GONNA JUMP…
What about SODA? Stock has been hammered since they reported the Q, with the mildly disappointing results seemingly the result of inventory de-stocking overseas.
Fuck SODA
The euro news is causing so many swings. I agree with the China thesis. FSLR looks like it will be a penny stock soon. Suffering from a serious downtrend. Will be interesting to see if it can pick itself up.
natty components.switch out that btu for clne.chk,wprt.the wagon train is leaving for the trail. T.Boone Pickens for president.
T Boone has lost so much money in the last ten years he should be thrown in jail just to protect himself.
dude is still loaded, pffft !!!!!!
this is all a bit ridiculous.
On the same vein as CPST is SNSS. im up 53% YTD and the trials seem to be going well for the new drug. Maybe a short term spike given a rash of analysts are starting to cover the stock, or the start of something decent.
Ok, I have put myself into a sleeveless dinner jacket to avoid buying.
brilliant. one dose of really bad news and this market will dive. maybe NFP will disappoint tomorrow, expectations are pretty high.
I wouldn’t bet on the NFP disappointing.
im not saying to bet on it…im saying sit in cash and hope it disappoints. I wouldn’t bet on it either.
LOL
Nice display of self control Fly.
What is “VXX tits?” TZA steed I completely understand.
Geez… look at $COH today… all those names Fly mentioned in his luxury retail theme a few days again have ripped since then!!
WNR has a stiffened to the point of explode!!
I would consider CSIQ over FSLR, primarily due to management and the former being more global than it appears. Ignoring B/S to an extent.
FCX has dragged me down pretty much that entire -11.6%, but no worries, I plan to accumulate on dips as it is a long term plan. China will certainly want more copper someday, can’t build ghost cities without it.
The Fed showed up with a large bag of crack cocaine yesterday and the party is raging on thru the night. News was leaked yesterday that the Fed is considering a sterilized quantitative easing program. Traders have not even taken a look at the particulars yet, and the program may not even occur, but that does not matter. What matters is that the leaked news is perceived as crack so the markets recovered yesterday and are set to open up higher today experiencing another QE rally
Obama (along with his boy Bernanke) continues to fuel his reelection campaign, I mean stock market.
Mr Bernanke is nobody’s boy. He’s the man running the show and he could care less who the president is.
Try a little day trading, just to get a fix. But keep it small or you’ll be joining the dark side.
Any thoughts on LNKD with the news of a MWW acquistion?