We went from solar to boats to alternative energy stocks to silver and now to alternative fuels. Shares of SYNM and MGPI are skyrocketing for reasons unknown to the sun, moon and the stars.
REITs are getting smashed again, which is good for prospective buyers–negative for everyone else. All eyes on Japan tonight. After that 5% beat down, 15% over the past week, they need to rally the NIKKEI. My bias is to be cautious in the face of these issues. My boat stock, FRO, got crushed today after bad earnings. I always thought they’d report bad news. This is a multi quarter play, not some magical shift that occurs overnight. The boat trade is dead. If you’re not long term, sell now and allocate funds elsewhere. I am holding my shares.
IMMR helped hedge me against the FRO loss; but I am still down about 1% for the session. Being that the market is up and the stocks I sold are up, my 45% cash position is actually hurting me today.
I can only hope for a further shakeout in the market, so that I can do some buying.
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needs my daily 40.
Buoy and hold Senor Fly?? thats so not you…Im along for the voyage
75% cash. Taking a hit on sole reit $O, but don’t care. Looking for buying opportunity later this year.
Short em if you got em…markup day is over.
The Market Has Seen Its Highs For The Year!
Next thing ya know AMSC will take off for it’s wind power and superconducting wire tech …
A degenerate re-pump from the last blog;
Gonna need moar pipelines and WG has had a nice consolidation … I’m a buyer at these levels.
Tea, I posted a comment for you on Fly’s last blog.
” Shares of SYNM and MGPI are skyrocketing for reasons unknown to the sun, moon and the stars.”
poetic … I’ve been reading da flea for years .. you still got it, boss
FRO fro is the new FTK?
FLY, look at your old favourite CPST!
speaking of reits, PCH is getting interesting b4 its 6/5 exdivy date. down 3.5% today. also RYN down 1.5% with a 6/12 exdivy. realize they are both lumber… but i’ll be looking for a further drop tomorrow in either and will prolly nibble.
Le Fly,
REITs are the future. Only because Blue Horseshoe says so a.k.a yours truly.
filthy animals
Keep buying.