The PPT does a lot of things right. I tend to gravitate towards mean reversion because that’s my comfort zone. But it’s also very good for catching momo trades. Case in point: AAPL
Apple has been ranked a “buy” since November of 2011, when the stock was in the mid 300’s. As of today, it is still ranked a buy and the score is nowhere near a sell rating.
However, there are some stocks that saw it’s score get smashed today. Here are the standouts.
CRM, LNKD, MA, LO, VALE, TDC, MNST, BIDU, CMG, YUM, V, PAY and SBUX.
That’s pretty much the who’s who in momentum stocks on wall street, all saddling near 52 week highs. Now there are two schools of thought at play here. Some people are waiting for these names to sell off to get in. Others are waiting for breakdowns to start shorts. Since this is all happening, ever so conveniently during earnings season, I gather we will find out who is right and who will die in fairly short order. At this stage, it’s getting harder to just buy and forget. Scott Bleier might be right about his psychopath 4/16 prediction after all.
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Who is Scott Belier? Sounds psychopathic to me too.
However, it seems that Scott forgot that the IRS extended the filing date to April 17th this year.
boo, hiss…
But aren’t they supposed to be tricking me into pouring every last cent into stocks and mutual funds in my IRA to get the tax deduction before it’s too late? I guess one more rip roaring rally tomorrow afternoon will have to do. We have until 11:59 pm est to file.
All we need is Bernanke or Dudley to say that they are “on top” of the European situation and that more stimulus is just a mouse-click away, and we’ll be off to the races in no time. Right?
Yeah, right… QE Quatorze. We’ll just call it Louie.
Or Mario Draghi who is speaking tonight..the European Clam..I hate central bank stimulus.
Yep, Just like we thought during the US trading session..that Eur/USD rally was stupid hope about Mario D’s speech tonight http://www.businessweek.com/news/2012-04-16/most-japan-stocks-rise-as-u-dot-s-dot-retail-sales-top-estimates
Who is “we?”
I guess you didn’t hear, we’re taking it higher.
Where can I pick up my ibankcoin 5-year anniversary commemorative panini press?
so……buy aapl…correct??
Go to ZeroHedge and watch the zeros cheer destruction on Europe, China, North & S. America and the world. Coming to us before Dec 2012.
Mr Bleier said on his radio show, Nov of 2009 “AAPL at $200?, you have to be shitting me, way overpriced”
This was before the MoneyMan went up on charges and the station was taken over by the Indians.
without QE it would still be there.
Thats a pretty bold assumption I’d say. QE didn’t buy my last two iphones for me.
So now comes le fly…squealing like a 10 year old girl.. Yet a scant 48 hours ago he was crowing like a cock on the dung heap .
Squealing? How about I break your jaw and use your teeth in my fertilizer?
You fuckers are all gonna feel my full fury soon.
All banned
Ooooooo Iam scared!! I am shakin. (costanza)
You have no redeeming qualities. Instead of acting like a peacock, flaunting your feathers, why don’t you teach us all how to invest?
Go ahead, tell me what you are positioned in, as you already know mine.
Tried asking him that yesterday. This dipshit has been screaming to buy natty for at least 50% of downside. No names or positions mentioned though…
`doesnt have his own blog,so he’s got to spooge a wad on someone else’s.needs a new moniker,sir richard crenium…….
I am waiting.
Clock is ticking. It got real quiet around here.
Homo
Fly, you are one of the funniest guys I will likely ever know.
Lets try that again…you are likely one the funniest guys I will ever know.
The Wadd man probably cruises for hitch hikers …
http://youtu.be/MmqNiFJyI28
.
Gyeah!
This is Mr. Wadd growing up in East Cupcake ……….. on Cookie Lane:
http://youtu.be/9UWYtFCJm8Y
.
After college, Wadd joined an exclusive men’s bath house where he eventually joined a ukelele singing troupe, “Wavy Gravy.”
Their hit, “Cleaner Than You Used To Be,” gained a resurgence more than 40 years later because the next line of the song is …….. “When You Get Ridda BO,” an obvious anthem against the POTUS.
Do we have a clip ? …… Yes ?
Let’s watch:
http://youtu.be/oeikk3sXlvo
.
Capstone Receives Order for 30 More C65 Microturbines From Multiple Oil & Gas Producers Operating in the Eagle Ford Shale Play
http://www.nasdaq.com/article/capstone-receives-order-for-30-more-c65-microturbines-from-multiple-oil–gas-producers-operating-in-the-eagle-ford-shale-play-20120417-00545
`Just Bot it, thnx Fly!