I just saw Herb Greenberg back pedal out of his declaration from a few months ago that GMCR was done. After Einhorn announced his short position and the stock tanked, Herb was all over the company, pretty much declaring them dead in the water.
Lo and behold, after 50 points to the upside, he is rather mum. Instead he opted to discuss MNST, which is simply in an industry that is slowing. Let’s not forget that MNST has been a massive winner over the past decade.
How about OSTK or CMG? These are heavily shorted names that keep going higher too.
I am always amazed by the sheer brazen of these talking heads, who take it upon themselves to talk down stocks, search for mysteries–in their desperate, pathetic attempts to drum up some drama.
By the way, I sold out of USG and half of my MU, to make room for another name. Oh, RC and I nailed a MAKO trade inside 12631 today. I will be spending my trading days inside that room over the next few days.
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I would be cautious right now. All I can say is that I am starting to see divergences for the first time between volatility and the stock market. take for instance VXX and TVIX they are green today and were green yesterday. That tells me a drop of significant magnitute could start as early as next week. I think the top for this wave of the rally ( I am not calling the rally over just yet) is in are lies within close disctance. Risk is to the upside and I am predicting a 5%-10% drop perhaps to 14,250.
I would be cautious right now. All I can say is that I am starting to see divergences for the first time between volatility and the stock market. take for instance VXX and TVIX they are green today and were green yesterday. That tells me a drop of significant magnitute could start as early as next week. I think the top for this wave of the rally ( I am not calling the rally over just yet) is in are lies within close disctance. Risk is to the upside and I am predicting a 5%-10% drop perhaps to 14,250.
Yes, I am cautious.
I am bullish on brandy & cigars.
Good old fashion 2:30pm sell off? Seems like months since that’s happened..
Hey Little US Dollar, I know you and I have been beaten up so much by Clams. But look, you are kicking butt against all the pairs today..and Clam can’t QE you as long as NFP stay ok…this Bear may finally get her break, US companies say bye bye to that Weak Dollar advantage.
Hi Fly,
Does CRESY fit into your corn, irrigation, etc. thesis?
Thanks!
I don’t like the way it trades, so no.
nice call/ trade on MU, Fly.