I didn’t allocate any money, aside from a small purchase of HMC. I’ll wait until tomorrow to take a stab at the market. There’s some decent conviction in this market and tech is leading the way up. If AAPL could get going, the Nasdaq will take off.
I was going to buy ELLI on this dip, but opted to wait and see what sort of news materializes. Frankly, I am not in the market to buy dips. With the money that I’ve earmarked to invest, I want momentum.
XIV is probably going to be the best investment over the long term. You can’t go wrong betting against volatility. What a suckers bet going long the VIX.
I’m most bullish on Japan, holding both HMC and SNE. I believe TM is on the verge of conducting a “one hundred dollar roll” soon. Buy in now for a 6-10 point run.
Gold/silver bounced today, but the sector is utterly useless. There is no discernible edge going long any miner. They’re run by criminals with black teeth. Their workers are whipped with leather to work and kicked into holes 10,000 feet deep. If you are an idiot who believes in inflation, go buy GLD. I’d avoid any and all miners, not only because of the 16th century working conditions that persist in these middle earth hell holes, but because the stocks do not trade according to reason.
If we are to follow seasonal trends, the market is going up from here until tax day. However, I strongly suggest avoiding all earnings plays.
19 Responses to Long Till Tax Day
The miners have been down so long and unreasonably so– it might be time for a turn around.
Goo way not to pay taxes is to never sell your positions
With top hat, cane and white gloves, (even though my ass is hanging out) I will not partake in use of the foul language in expressing my feelings.
Sold most of my EXK yesterday &%*$^###%&@**#
“I’d avoid any and all miners… because the stocks do not trade according to reason.”
-Until they do.
As you have taught us plebs in the past, buy when others are not.
Le Fly is “taking one for the team.”
Risk/reward. vix approaching lower 13s
Don’t mind waiting for that next spike
That’s an awful instrument to stick around and wait for a spike. Tons of negative roll yield on the VIX futures cause this to decay rapidly.
Amex laying off 5400 peeps. This is not a good thing. EBT living.
Did you just crack a Hobbit joke…?
buyin vxx calls tomarrow, but not goin crazy.
VXX the widow maker
Anybody like MSFT down here for the Old man/ dividend/ value angle?
Yes, as a long term short.
Win 8 is awful!! I just sold it out of my biggest client account today (inherited position) and doubled up on AAPL and ORCL. Buy when Fly sells the miners. SLW is gonna be a great performer over the next 1-3 years.
W7 is perfect but some lameass 23 yr old engineer told his 33 year old manager who told his 43 year old VP how cool the tiles are. Ballmer fell for it and what a disaster.
Shut up you putz. This is my first recorded loss on EXK in two years.