There is weakness permeating the tape thanks to bankruptcy rumors regarding PCX. The commodity sector is selling off. Regardless, I like the Goldman upgrade of MTW today, especially since I own it. But if they like MTW, they have to love TEX down here.
With the WNR proceeds and some of my cash reserves, I bought TEX, NXPI, TDC and initiated a very small position in FB.
With regards to FB: I will not buy more unless it trades down to $28.
Why did I buy it?
Two reasons:
Eventually the post ipo carnage will cease and it will bounce. Also, I find it humorous to own it 5+ points below its ipo price. Blame it on vanity.
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What do you think of GMXR down here? It has come back down from that huge run-up it had a few months back.
I think they file bk
LOL…I have a copy. Learned my lesson.
Commosity?
A Game!
are you doing a morgan stanley with yelp and propping its price up?
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