Futures are pointing to yet another lower open. Shares in China are getting hit on a daily basis and European stocks are at 3 week lows. Basic material stocks are vastly underperforming the S&P and risk appetite seems to be waning. Having said that, I don’t give a shit. Stocks are going to trade up, by hook or crook. The only question is: what sectors can I find the best return?
I see people are buying tanker stocks because of dry bulk shipping rates. Well, frankly, that’s retarded. The only reason why the shippers are doing “okay” is because record amounts of tankers are being scrapped for its metal. On top of that, coal volume is down sharply. Until the steel industry comes back, spurring a boom in the met coal stocks, I want no part of the shippers. They’re all connected.
I still like high end retail, due to its unique position away from the lower class. I own BID and JWN–and will add more on dips. As a matter of fact, being fully invested, I have but two choices with regards to my positions: add to them or buy more.
Generally speaking I cut losses at -10%. However, if I really like the idea, I will double down at -10%. In many ways, that is the crossroad for me. Other times, I will sell out of a stock when it is just 5% below my basis, specifically for names that I have little confidence in. At the moment, I am up significantly in YELP, but down slightly in MAS and GLW and flat in TDC, JWN and BID. I am down 18% in CPST– but continue to hold for superficial reasons.
At the top of my buy list is RAX, BID, ADTN, ULTA, KKD and TRIP. Also, should the market become OVERSOLD, gold and silver will jump to the top of my buy list, due to the high correlation between market bottoms and the miners. Within the space, I like AG and EXK.
Social media stocks are great, especially with Facebook set to ipo within 60 days. Understand something, that will be the grande finale of this run. It’s very possible that the market will top out with the FB ipo, which means social media stocks should be sold into the Facebook ipo. Nonetheless, I believe there is more upside in the space before they top. My favorites are YELP, TRIP, BV, BCOV and YNDX. OPEN, TZOO, CTRP and OSTK are also interesting, if only from a short squeeze point of view.
During the course of today’s trading, I am going to research some new names, perusing over the April seasonality list inside of The PPT, plainly ignoring the temporary weakness that has the ursine crowd circle jerking again.
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I’m just putting this out there. I like DNKN as a company, and I love its stock price here. FD: No position
My opinion, KKD is like its crack head cousin.
DNKN is a good co
Buy EXK around 9, sell at 10. Rinse – repeat.
One of the easiest trades in the market.
GDX at multi-year lows. This could mean that folks expect China to make a hard landing, the gold buying frenzy is over for a while. Let’s see if this theory impacts the market.
ZNGA no good as a FB play?
Perhaps
Best high end retailer is AAPL. More $/SF than anything, by a long ways.
What do you think about DECK here at these levels?
Waiting with Neal Young, after the gold-rush, for the follow up after-shocks.
In the meantime, there’s still a lot of “tasty” out there.
_____
All shippers do not rise and fall on the tides. While we stupid fucking earthworms continue to spend for shit in retail stores somebody has to get it from one continent to another. Containers remain the preferred method for moving retail shit and before they are on trains and trucks they get here by boat. DUH! SSW moves those fuckers and BOX makes the containers. What’s the fucking problem here?
because some transports,(namely drys) are doing the hauling for mere pennies just over fuel costs to stay,(ahem) afloat. and there are hundreds of container operators/owners.you want a shipper, try seaboard…
Brilliant
cracks up…gasoline still high…oil down (supply cheaper)…why WNR working backwards???
Fuck Oil
$ERY 10.21…..9.33
I made my weekly quota yesterday. Weird action today. Just watching the tape. zzzzzz
Gotta love the search engine market, great business going forward with more and more people going online everyday and cost of technology getting cheaper and going global.
BIDU, YNDX
my grandfather told me,”u got to know when there lying”
*they’re
them too.
hey, what u be doin wif clne anymo
hey raz,did he tell u about ,whenever they move THEY lips)
that was da first thing.
Da bears,mike dika
TMoe enters short position on MAS.
Sorry Fly but MAS goes to $10
ha lol,,no mas,no mas
finally got my chainsaw runnin
makin dinner? and i sold clne n wprt a few days ago, 80% cash, where u been?
just holden some pm miners in the tall grass
i think the sell off in gold has been over done, but its hard to see if were at the bottom. im holding gld -1.9% but look to add,maybe…or not…lol
your 2 picks are still on my long term play list though.T bone pickens for president boyyyy,the rest are all posers
Love this one—-
Know the difference between a buy-side and a sell-side guy? The buy-side guy says ‘Fuck you’ before they hang up the phone!
lol.
wonder how many times the goldman thugs get that.
Any verdict on TEA?
yea,it’s hot, with a little lemon and honey.
Here is a “stock buying /drinking game”
Whenever the pundits on CNBC say the word “Collapse” or “europe” or “euro zone” you take a shot and buy 100 shares of AAPL. Whenever the CNBC pundits say APPLE, you sell 50 shares of apple (only existing shares, no shorting)…
If you have zero shares of appl, you must turn off the TV for 30 minutes minimum… Afterall, you are only going to miss hearing them talk about apple anyways.
Any questions?
after the first 10 min. 1 may be to lit to trade, no?
bot back in to wprt, 1/2 pos.
Friends don’t let friends buy Greek shippers.
beware of greeks bearing ships.
Friends don’t leave their Greek friend’s behind.
especially when she’s hot,what do you do with souvlaki when it’s done………….you eat her
da first eggs were fried in greece.
the first monkey butt was discovered there to
what miners do u have?
been in exk for some time now,pretty heavy
been waitn on dmnd to do or die,small postion,so no big deal
was lookin at slw/slv today.