iBankCoin
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
21,322 Blog Posts

BLOOD IN THE STREETS

Seventy five percent of stocks are lower this morning. Breadth this bad suggests we are going to stay down all day. Any efforts to buy dips in the morning are activities of a child, one who has never learned the lessons of hardship. Nonetheless, this is exactly the sort of day that makes you look around for bargains.

Get your fucking watch lists handy, lads, for they will become useful soon.

At the very bottom of the barrel is aluminum stocks, down an outrageous 6.5% as an industry today. Fuck them and to hell with all commodities. I trade in and out of oil and have stated that I am long until April. Aside from that, I am keenly interested in free cash flow generating machines on sale.

Here is my short list of stocks that I will buy on dips.

AMCX
SSNC
GRUB
MD
WYN
CTSH
ALXN
SBNY
FL

and maybe WYNN and RL.

Gone are the days when you could play Amazonian cell phone operators and sleep well at night. Today, all that matters, and trust me when I say this, is earnings per share, top and bottom line growth, and gross margins. Any other method of procuring stocks is simply asinine.

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10 comments

  1. Marc David

    Seems like the easy buy the dip Era us gone. Now we have to actually read about a company and determine worth? Not fun anymore.

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  2. Marc David

    Good point.

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  3. banjoman

    I strongly recommend MNK as a dip buy candidate. They are minting money.

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  4. inloworbit

    “I will gladly pay you tuesday for a hamburger today” says the buyer of HABT on margin

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  5. traderconfessions
    traderconfessions

    Who needs Exodus. All of my stocks are up today. ACOR, GPRO, BABA, ARWR, LOCO, BMRN

    Tomorrow things will return to WTF status.

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  6. budh

    BABA is bouncing.

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  7. matt_bear

    HCA

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