You know what I find amazing?
I cannot believe Corning and Asahi Glass can’t profit from the boom in smartphones and tablets. Those fucking imbeciles are too busy fixing on a price war than fleecing the drug dealers at Apple and Samsung. Shares of GLW are bouncing this morning; but this stock has been such a dog. It’s one of those head-scratchers that just seems to suck, continuously, without pause.
Shares of DECK are getting lit the fuck up. In general, analysts suck balls. But Sam Poser from Sterne Agee has nailed DECK the whole way, on the long and short side. He’s saying pricing for Uggs is over and to expect deep margin compression. His target is $38. I’d stay away from DECK until he’s remotely optimistic.
Early going I am down 0.25%, with NAK being my biggest winner.
On a personal level, I’ve been dealing with general contractors performing magical acts of disappearance, once money hits their accounts. Like lawyers, contractors are a reprehensible group of people. They are a stupid class of worker, who takes pride in doing poor work and flaking out on their customers. Right away, I am sure some of you construction fuckers out there will say “we’re not all the same.” I’ve employed dozens of contractors in my time, and without equivocation, they all suck.
Shares of GRPN and ZNGA are rising. GRPN has some lunatic device idea. To be honest, as opposed to outright lying to you, both GRPN and ZNGA are cheap stocks.
Lastly, I like what OSTK is doing these days. I’ve been buying stuff from the site and find them to be better than AMZN in numerous product categories. It will not surprise me to see the shares continue to rise.