The market is in the process of melting higher, artificially of course, thanks to a little permanent open market operations, otherwise known as POMO. That makes my life, as well as yours, simple.
Let’s place some cards on the table, shall we?
Italian 10 yr yields are now below 5% and Spain has been offered a lifeline from the Nazis. It’s safe to assume, nothing will blow up from now until the US elections. Therefore, it’s also same to assume we will enjoy a rather splendid “Turkey Gods” rally in November, in celebration of our new Commander in Chief– Mitt “lower your fucking cap gains taxes to zero” Romney.
My job is easy now because all I have to do is play short squeezes and try to avoid the murderholes, such as PPC, OSG etc.
At the present, my bias is to be long basic materials, specifically commodity related stocks. However, I’ve been known to delve into the degeneracy of any sector suitable for a man of my stature and concern.
The following stocks are on my short squeeze list, courtesy of The PPT.
This isn’t a permanent list, but more of a “flavour of the moment” sort of thing. The point here is simple: in a market that defies all reason, climbing upwards hardly without correction, the best stocks to own are those that are laden with large short positions. Not only do said stocks enjoy “natural buyers”, but also the fuckers who are forced to cover their legacy shorts, in an effort to prevent their bullshit brokerage accounts going to zero.
Keep in mind, short sellers are very intelligent and often have an inside track with regards to information that may send a stock lower. It’s important to avoid riding heavily shorted stocks through earnings reports, in favour of quiet periods, when nothing can be heard other than the anguish and pain exerted from the stupid faces of those betting against you.
13 Responses to ONWARD!
DECK reports on 10/25. Does this mean you will sell prior to this date?
Fuck you asshole.
I AM the magician .. watch the magic
“Mitt “lower your fucking cap gains taxes to zero” Romney.”
You heard it too.
Fly you really believe O’Bama will lose?
So are you saying Scott Bleier is wrong, or that the market will crash right around election time?
He’s been wrong for awhile.
It’s going to be a TIE!
Was Romney including short term cap gains in that statement?
My sister (god love her) is dumber than shit, basically the average voter. She watched all of the debates so far and last night she declared Obama won….”he was a very convincing liar….but he is passionate in his belief and this is the reason he will win.”
sad but true
Get a hold of yourself Testicule.