I have zero interest in gold/silver miners. That trade died when Romney got taken to the woodshed this November. All of the “hard money guys” feel a great sense of dejection and have ceased buying gold stocks. Without a doubt, gold and silver are the very worst places to put money now and have been for the past two years. If you’re still holding a portfolio filled with them, just know, you’re an idiot.
I compiled a list of distressed stocks that I will be researching. Feel free to chime in, as you become acclimated with the names.
Is it time to jump back into the coal mine? Time will tell.
Bottom line: this is a bull market and I am up 0.4% for the day, 100% invested on the long side.
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GRPN & ZNGA my two picks
What are the columns?
daily % change and hybrid score (ranked using technicals and fundies)
CLF certainly is a steaming pile.
MXWL. Industry leader. Institutional shakeout is over (after poor guidance last April) and the stock has started getting upgraded again.
I’ll be watching earnings closely tonight.
not sure about GDOT, you may just be waiting fot GODOT
ZAGG
You mind if I take a crack at some of these boss?
sure, go ahead
From distressed assets, to distressed asseS, this story simply will not end!:
“The crippled Carnival cruise slowly making its way back to dry land suffered another setback Thursday when a tow line snapped, setting the ship adrift once again as crews worked to repair it.”
http://houston.cbslocal.com/2013/02/14/carnival-ship-dead-in-the-water-after-tow-line-snaps/
You really don’t need ANY wit to find the jokes here, I laughed so hard reading this article I almost pissed my pants, quote:
“There’s poop and urine all along the floor,” Renee Shanar, of Houston, said from her cellphone aboard the ship. “The floor is flooded with sewer water … and we had to poop in bags.”
-happy vacation travellers, enjoy the sh_t boat!
-all hands abandon sh_t!
Can I just use first sentence? $DUST
Molybdenum will sate your god given right to harvest coin from the earth. I’m holding $TC from 2.87. Expecting one more good shake down into mid 3s before never dropping below 4 bucks again.
Words to Giligan’s fecal soaked Island:
Juuuuuuuuuust, sit right down and I’ll tell a tale,
a tale of a fateful trip,
That started from this tropic port, aboard this giant ship.
The mate was a mighty plumbing man, the skipper not so sure
4000 folks set sail that day for a 4 day tour, A FOUR DAY LONG TOUR.
(thunder sounds)
The plumbing started getting rough, the huge ass ship was drenched,
with sewage running down the walls, you shouldda smelled the stench, YOU SHOULDDA SMELLED THE STENCH
The ship couldn’t make shore anywhere, the lawyers licked their chops,
While people sat in urine soaked passageways, filth covered in the slop,
With dysentery…. Diaryhea too,
no showers and some lice
Stin-ky showers, and no-A/C
They’re here on the sh_t soaked TRIUMPH!
Chicken Little touts precious metals. Eventually he’ll be right but by then he’ll be rotisseried.
TFM could be interesting on WFM miss. Love the store/concept but a lot of uncertainty around California expansion. Q rev growth north 22%, but valuation is still rich.
MLNX – Though pummeled like a pitted bull, it’s profitable and growing.
ORCL has been trying to knock it up since 2011, hoping for a quick hitch. MLNX, those of unmentionable pedigree, has been fighting em off good until they are good and ready.
There hasn’t been such an obvious short sale since BP, when the news broke of their Gulf oil spill. The funniest retort I heard back then was “I’m in it for the dividend.”
MLNX – technicals are looking very tempting but I have read several opinions that their explosive earnings growth was caused by a perfect storm of demand and may be over. Read this before they warned. CEO made it sound like shortfall was a one time event. I may go long if it gains some strength here but will be gone well before the next warning period just in case. Another miss could get very ugly.