I’ll get into what’s working now later on tonight. But I will tell you what’s not working and that’s FEYE and SPLK. These are the poster child’s for the worst publicly traded stocks in the world and I own them. Both of them continue to careen lower. Any ape worth his salt would sell them, as it is obvious that they’ve topped and have begun the hard sledding of multiple compression.
Where will they stop?
No one knows.
This is a suckers rally. We’re not really rallying, actually. Just 55% of stocks are higher today, masked by the pleasant aesthetics of a Dow +100. It’s all nonsense and the margin clerks are just getting started.
I don’t want to invest my cash reserves; therefore, it might be a good time to do it.
DEVELOPING…
If you enjoy the content at iBankCoin, please follow us on Twitter
2 weeks ago I would have bought SPLK hand over fist at 75
Fly, when are you going to jump into nat gas? Appreciate it if you could comment on COG.
not sure
Business is awash with network products; problem is there is a finite user base and it’s already saturated. But everyone is looking for the next CSCO.
Maybe CSCO is the next CSCO.
thoughts on RVNC here? it was sub $30 today. Aren’t the underwriters going to defend the price at all?
ccl…run the short again….its gonna get slammed