Post IBM, the market was supposed to crash. But it didn’t–boo-hoo.
Oil is lower, which makes me uneasy. For the moment, my FMSA purchase looks like an act of genius, as I am up 21% on the position since I purchased it on Thursday. It reminds me of when I was buying WNR, circa 2011. Do you remember that? I was on vacation in Turks and Caicos and the market cratered. My WNR went from $17 to $11 in a flash. I bought it up down there and before I knew it, I was selling it north of $20. That stock, eventually, went north of $40, where it resides today.
In addition to FMSA, I am up nicely on MBLY, AAPL, GILD, ICPT and SGEN–just to name a few.
My top 5 positions are TRN, FMSA, MBLY, CYBR and CLR. Only TRN is greater than 10% of my assets, so everything is pretty drawn out, diversified over many sectors, and market caps.
I’d like the market to not give back the 275 pieces it gained on Friday. That would be a pleasant start to the week. On Friday, I was up 1.9% for the session and right now I am up 0.9%, down about 1% from my intra-day highs. I’d like to keep these gains too.
There is winship brewing in this market. You just can’t see it yet.
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Oyle needs a bid.
Off the lows. Spoos safe for now.
I believe a harsh drawdown is in the cards. That will present a good buying opp.
Fly, how did you like Turks and Caicos? Nice place to go in the dead of winter? My wife was pestering me last night to book a winter trip to T&C.
Oh and this market is getting ready rip the bears faces off again.
I haven’t been many places, due to my work obsession and kids, but I loved it.
If you go, I highly recommend getting a room at The Tuscany. Thank me later.
You won’t find a better beach anywhere.
Thanks, I will check it out. I prefer waiting to see how this ebola virus pans out before I subject myself to leaving the safety of this country.
Only America accepts Ebola patients. You are safer there than here.
Even non-Ebola AFRICAN COUNTRIES DON’T ACCEPT EBOLA PATIENTS! Only under this administration are Americans ALWAYS put LAST.
I actually thought it was pretty boring. The food wasn’t too great either.
Europe down, Oil down, the Dow down.
Yet S&P is Green.
This is Trap!
Wonder why the Arabs sell out of their oil…maybe they take what they can take b4 IS takes over or the cold fusion tech will make oil go to 0…
mkt waiting for the first seller, after that it is good night mkt. this is a nice bounce off last weeks lows. a gift i would say. I’m out of everything and looking to buy the bloodbath. willing to miss out on a few % of upside left.
if you like a biotek with a cash flow pos underlying business and fda panel in early nov. check out RMTI. FLY i told you about this one at 4 bucs. I’ve been in and out and I’m back in.
not that you need any help from me you seem to be dining on brains in this up move. i.e.. watching too much walking dead
CNBC is so frustrating. a guy like Leon Cooperman is on there giving his opinion on what’s happening in the market and Wapner has to interrupt him with some kind of nonsense he thinks is important. Let the expert talk! The talking head anchor person has nothing.
Wapner is a moron. STFU
Rallying on bad news. Hope this can last.
What bad news? Fool of a Took, we’re going to new highs.
can’t figure out if you’re Gandalf or Marcus Lemonis…
New episodes starting 10/14/2014 — which is one day before the capitulation. Take that as a sign sir — the buyers are back.
I would love to know how much you are down Fly, it has to be north of 25%.
Don’t bother the good Dr. He admits to a lousy year. I’ll tell you that I am up 1 dollar and 9 cents in my 3 figure account.
WNR was legendary.
I can’t read the title to this post without mentally launching into the Who song from Tommy.
Faaace ripper! (sung to The Beatles Day Tripper)
The thing about bear markets is that even bears don’t make money in bear markets.
Le Fly, I assuming you’re holding tight to $TRN despite the trial news??