So far, I am positioned wrong for the rally. Between my boat and refinery exposure, I’ve managed to trade my way out of a fine rally today. If it wasn’t for JAZZ, AMBC and HK, I’d be down today.
All of the money is racing back towards housing. Stocks like MHO and USG are on fire. With rates coming in again, I expect the REITs will start heading back to previous highs. The whole taper scare business is behind us. All we have to fear is fear itself, which is voided null by the good folks at The Federal Reserve.
I will give my boat and refinery plays some more rope, hopefully not to hang me with. My other low brow stocks are disgraceful. I’ve fixed myself with a ridiculous portfolio. Only in a treu Costanza world will I make money, as presently constituted, into Halloween.
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Oh no, I am getting the same vibe I sensed just before you bailed on IMMR.
BTW, it’s “Ships !!” not “boats”
World Point Terminals (WPT) is going to start banking. You have not missed the rally.
I feel the exact same way. I see green in the major indices and I see red across my portfolio. Somehow I’ve completely screwed the pooch.
Housing ripping, I like SPF as well as MHO
IRBT bought and sold.
DECK delivered.
Resting, waiting for GOGO
You? Rest? Nah
lol… I was planning not to trade today… placed 6 trades between 3 meetings… My name is Mr.P and I am an addict 🙁
For your amusement please see a link to a recent article on Shippers from SA.
http://seekingalpha.com/article/1755692-abandon-ship-before-these-dry-shippers-hit-an-iceberg?source=yahoo
Well, you voluntarily left a ship with MHO a few weeks ago.. another winner for others to enjoy.
I fucked myself too with MHO. What do you think of SSD as a housing play?
Look at FIO and NQ .. that is why I would never make big with a momo stock,.,. I am too pussy and it makes me control my position size.
forgot prkr
Boss, can you talk about muddy waters, curious to know your take on them and their latest road kill.
stupid me – you one blog ahead of me…
Hey man. I’m with you in two of those: BALT and ALDW. I HATE seeing red on my screen. And I KNEW shipping was sunk already. was in and out successfully (luckily) of DSX and DRYS earlier this month but saw it coming. Then BAM! BALT. But it’s actually hanging on okay. Depending on what it does tomorrow, perhaps it’ll turn around. And frankly oil can’t stay down that long. (I also took a small loss on VLO today after banking a huge profit on it yesterday = greedy dumbass!) So maybe ADLW will turn around soon. Point being, some of us r hanging in there with you and feeling some pain. It happens. From what I can tell, you’re a butt kicker. AMBC, HK and ALG all yielded positive for me this week based on YOU sir. Thanks for that. -E
Ply Gem
NQ press conf now…with muddy waters live tweets in rebuttal…classic…should listen in