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.
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.If you enjoy the content at iBankCoin, please follow us on Twitter