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Dr. Fly
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,445 Blog Posts

Classic Sell the News Tape

Dr. Fly Thu Jun 5, 2014 10:33am EST 11 Comments

If the bulls do not grab the initiative soon, we can possibly drop a quick 1% here, as the sell the news feeling controls market sentiment. If we do, I am not concerned in the least, as this is normal business during bull markets.

Two things I am watching:

SGEN– but I can’t buy it, according to my rules, unless I sell a speculative stock. I own three spec stocks: IFON, TEDU and XON, none of which I am willing to part with yet.

Also, Capesize rates are surging again, up 30% over the past month. I’d rather not give you picks; but you know I love me some BALT.

This is a very unenthusiastic tape. Pardon me as I take a nap.

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11 comments

  1. the pirate
    the pirate
    June 5, 2014 at 10:35 am

    +1 for General Turgidson.

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  2. I heart Jesse L
    I heart Jesse L
    June 5, 2014 at 10:38 am

    FRO versus lows

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  3. Mike
    Mike
    June 5, 2014 at 10:43 am

    guess that answers my question from your last post..thank you good doctor.

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  4. do the opposite!
    do the opposite!
    June 5, 2014 at 10:46 am

    Bored?
    What could possibly be more insane than buying stocks like
    SPLK,YOKU,SINA,CLF,FEYE,GRPN
    ?
    You know, the stuff that is down like +50% on the year or whatever.
    That’ll make things interesting, no?

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  5. SK
    SK
    June 5, 2014 at 10:51 am

    Iron ore has been getting crushed though in China. Seasonality’s good for shippers but that’s always the issue.

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  6. matt_bear
    matt_bear
    June 5, 2014 at 11:03 am

    interesting to see WDAY up 1.5% today.

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  7. Jules
    Jules
    June 5, 2014 at 11:15 am

    AMZN doe.

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  8. Dr Fly
    Dr Fly
    June 5, 2014 at 11:19 am

    Up we go

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