Yesterday solar stocks shot through the fucking roof. Today it’s the shippers turn. Piece of shit companies like DRYS, GNK and EGLE are parabolic, leading me to believe we are truly near the top end of the trading range. Nevertheless, this speculative fervor can last awhile, or not. Either way, it’s worth exploring other piece of shit companies, in order to asses their trading capabilities.
Have a look. <—that link is exclusive for The PPT members only.
Here are a few ideas, with sectors.
Wireless: IQNT, LEAP
Trucks: NAV
Footwear: DECK
Steel: MTL, AKS
Semis: LSCC, MRVL, CY, AMD
Restaurants: ARCO
Oil and Gas: KEG, SPN, PBR, UPL, CNQ, CHK, FST
Games: ROVI, EA
Miners: TC, TRQ, BTU, ANR, JRCC
Education: ESI, DV, CECO
Beverages: CEDC
Deportment Stores: JCP, EXPR
If I was in the market to play one of these, I’d go long right away, putting a strict line in the sand of -3% below cost basis. These are potential momentum plays, based upon overselling towards the end of 2012 from people who locked in losses. Those same people, providing they like their stocks, might be allocating assets into 2012’s biggest losers shortly.
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Shorts are getting plunger raped.
good observation, boss … let’s see how long the shit-fest lasts this time
Hello to Gold.
And to GDXJ.
Ralph Acampora gets it. Erskine Bowles does not.
You who are skeptical of the Obama Bull Market let yourself be scared off from the huge Q4 2012 gains by the “Fiscal Cliff” nonsense.
Now the naysayers are trying to scare you out by screaming “DEBT CEILING!”
Never believe a Republican or a conservative Democrat.
Believe in Obama and Bernanke.
I don’t believe in Politicians.
Reminds me too much of Nuremberg 1933.
I believe in my wife and kids. (and pets).
What kind of deporting does JCP do these days?
Nice Bank moves into the close on a dull day.
The experts say a stock like BAC doubled last year so it won’t perform in 2013.
It is still below tangible book and that should keep rising as it’s performing loans and assets increase, Already wrote off a bunch of $$.
Could double again this year and it would still be half of what it was in 07-08.
CHK looks great. It has 90+ M shorts and fundamentals are getting better. In my opinion, it is better than LNG. More upside potential plus more reliable even when considering CHK’s CEO…
zzz
This whole rally has a feel of one giant short squeeze … this crap which is rising has been shorted for months.. JMHO