There are only two things I am interested in: housing and Japan. If we get a moderate sell off, I am a big buyer, into leverage if need be, of both housing and Japan. Nothing else matters to me. It’s all just a blur and noise.
BZH is coming in–good.
I hope MTU and NMR sell off.
And if WETF could ever trade down more than 3%, I’d greatly appreciate it.
Here are a few things you need to remember, when looking at this tape.
1. We had a terrific January and sell offs are normal.
2. Following such a robust January, historically, the market trades up until April.
3. Earnings season can certainly taint the waters. If you can’t afford to lose, don’t play the earnings game.
Keep it simple.
I am heeding my own advice and keeping it very simple. I do not need to scour the markets, looking for ideas. I know exactly what I want to buy and at what prices. It’s unfortunate to be sidetracked by stupid stocks like NIHD–but that’s what happens when you stray off the reservation.
Chief Fly is staying on the reservation and intends to scalp any and all white men who step on my ancient grounds, trying to take what is rightfully mine.
If you enjoy the content at iBankCoin, please follow us on Twitter
The ‘Fly’ must be the hippist indian since Wrestler ‘Chief Jay Strongbow’
I was up +.11% today, not terrible considering, thanks mainly to BBRY, DECK and TZA.
As long as you are nowhere near Wounded Knee Creek you are Ok…
Mr. Fly, What are you looking for as entry point to buy more Japan?
– Technical weakness?
– A particular % move down?
– Yen bounce?
I have always found it notoriously difficult to gauge entry points on a foreign market and usually muff the buy point.
Thanks
Any thoughts on YUM or T ?
Yum is a long term short, along with mcd and BKc