Apple versus Facebook.
Apple wins.
Facebook is being marginalized and ignored by the overall market and more importantly, the social media space. I added to my fucking gigantic YELP position, not because I think it is going higher. Instead, I know it is.
My MTW caught a Goldman upgrade this morning, citing the stock being cheap as balls. Thus far, I am up around 0.75% for the session, eagerly waiting for YELP to reverse and go higher.
In general, the market looks like it wants to run. If you are looking for names, consider silver, as it correlates tightly with the SPY off bounces, with vigor and leverage. After silver, you will want to target tech names, specifically semis and networkers. Names like CIEN, RVBD, SNDK and even AAPL are of great interest to me. You cannot let this bounce escape you, for we may not get an oversold condition like this for the remainder of 2012 (although I doubt that). Nevertheless, the future has not been written yet and for all we know, Greece will be saved (again), Romney will gain traction in the polls and the economy will accelerate to the upside.
With my money, I am actively seeking to position in oversold names with large short positions.
More on that later.
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The Fly is God.
Was just looking at the same thing: “oversold names with large short positions.”
DECK is the best I could come up with.
bot NOK based on my belief in euro pride.
Oversold/Large Short Pos = VRA
Holy punching-bags Batman, JRCC, PCX, and the like.
Got me some AGQ last week and am lamenting only that I did not buy more. $Silver has made a pretty impressive v-shaped move off the bottom.
Meanwhile, I continue to wait for UCO to start making a move to the upside. The RSI on $WTIC is now lower than it was even during the great debacle of 2008.
AG ?? now or wait??
An OEW reminder to the shorts;
“Should the market get into the SPX 1330s the downtrend is likely over. Keep in mind, the last three times, (2009, 2010 and 2011), the market was this oversold, on a medium term basis, the SPX rallied 90+ points in less than 2 weeks.”
Just saying …. LOL!!!
How much did you gain on yesterdays rally?
Rolling over. Damn.
I went from thinking the GOP didn’t have a chance, to thinking Romney might actually win.
Only thing is, then Romney wins. Then what? I don’t really want a Republican president right now; but we might get one.
i find it implausible that the GOP wants the seat. if they did, they wouldn’t have presented the string of crazies plus one mormon democrat. the core GOP of christian right and tea party both hate him. they don’t want the job this year.
It’s all about GOOG. AAPL will release iTV and get some fanfare, but GOOG has them covered with Android and Google TV.
FB may seem insurmountable in Social Media now, but GOOG will surpass them. Just give it time.
AAPL and FB tout cloud strategies but miss the mark. GOOG is the only true 100% web company and that fact has never been more important than now.
“The Network is the Computer” – Scott McNealy