I like the airlines here, as a defacto hedge against my longs. I know that sounds absurd, since I have zero oil stocks. But the airlines are going up as oil drops. When oil drops, for the most part, stocks follow suit. I am interested in two names, one of which will be revealed soon.
I want to buy ARMH and add to my positions in NXPI, NUAN and AVGO, but cannot do so unless people come out of their TLT caves (more on that in a minute). Also, I am keenly interested (pardon the split infinitive) in BIDU, with the stock down huge due to mobile ad model concerns. Apparently, the same thing that is plaguing FB is plaguing BIDU, and a number of internet names. How can they monetize via the smartphone? The more people buy smartphones, the less they use computers; hence, they do not click on ads. Ad revenue is much less via mobile. As a result, everyone is selling BIDU.
You know what company is quite good at mobile?
YELP.
Moving on, here is the correlation between TLT and SPY, over the past 5 days. It’s almost a 1.00 correlation. In short, before I add to my longs, I need to see money coming out of bonds. I’ve been given a second chance, a reset of sorts, something not granted often on Wall Street. However, I seem to do it all the time. I ebb from rolling disasters and flow towards unparalleled winship, seamlessly, as if it were common place.
UAL, AYR. Now off to eat a sandwich
Thanks Master Fly, AVGO looks pretty nice.
I found $SAVE using a PPT screen and it has treated me quite nicely so far.
Vacationing on Nantucket this week. Ironically using Yelp mobile app for restaurants, stores, directions, etc. Very useful.
Enjoy.
I went to Cape Cod two years ago and had fun. There are some great restaurants there.
If it’s still there from when I frequented Nantucket Island as a teen-ager, threre’s a restaurant called The Brotherhood, great burgers and string fries for the kids.
Yes, it’s called “the Brotherhood of Thieves”–still here and as you described. Prices are up from the 70s (naturally); fast ferry $65, slow ferry roughly $30. People here friendly…you should return if you can.
In Hyannis be sure to have dinner Columbo’s … nothing better in the downtown area. In West Falmouth (Cataumet) be sure to try The Chart Room on the bay … great food and usually a jazz pianist there nightly.
http://www.chartroomcataumet.com/
Wow, I was just thinking, I was a teen-ager in the 1970s, lol. It would be cool though if that restaurant still existed, although I am guessing Nantucket Island has become quite hoity toity since I tooled around it on my bike as a kid. back then a ferry pass cost $4 and that included taking your bike over from Hyannis.
Obviously not a Yelp user eh?
http://www.yelp.com/biz/the-brotherhood-of-thieves-nantucket
Thanks for posting that, same sign is still there! I see from some reviews that it still has some of the best burgers on the island.
“Life is like riding a bicycle. To keep your balance, you must keep moving.”
12-12-12
ARMH is looking tasty.
Wall Streets conundrum over mobile ads is baffling. Nobody clicks on ads on a laptop or desktop either. Why panties are in a bunch over smartphones I will never know.
iBC’s ad click rate is about 0.05%
Thanks for the insightful posts this morning, Fly.
Like Tech, too. Have wondered about buying Chemicals for the same reason you like Airlines?
YELP is hard to see from my cell phone. However, I was searching for a bakery that made a nice cheescake, something for Father’s Day. Review’s on a bakery called Big Mama’s Cheesecakes came up and I bought a peanutbutter and chocolate cheescake there and it was very good, thanks to YELP.
Edit: Reviews
“and it was very good, thanks to YELP” seems a bit light on the enthusiasm. Maybe the yelp was better than the product?
FLY – please buy BIDU
That wasn’t a split infinitive. For it to boldly be one, you must use the infinitive.
That correlation is -1.00, not 1.00.
Nice touch with the new background image of the NoMad library. Have you eaten there yet?
DAL bought the SUN refinery which could be interesting, but I have to check how much it will improve margins and when it is usable.
“The market is gay”.
12-12-12
Another pleasant day in the stock markets. Round and round she goes, where she stops, only Ben knows.
Yes it is a split infinitive and I think everyone knows I mean mirror inverse to spy when I said 1.00.
anybody else gettin paranoid?
Always
goldman, short the snp…yikes