Stocks were way oversold and short sellers got a little ahead of themselves—just a little bit. Just yesterday, I was buying United States Steel Corporation [[X]] due to PPT OVERSOLD readings. To be honest, as opposed to outright lying to you, I felt bad buying it. I felt as if I was doing something wrong, similar to being late to a super-duper-grouper important job interview. You know that feeling in the gut that makes you feel like shooting yourself in the face with a howitzer? Yeah, that feeling.
Fast forward one day, I’m back inside of the U.S., kicking old fuckers down empty elevator shafts, while banking “fuck you” coin in the market.
Into this melt-up, call me nuts (see if I care), I like Spain, via [[EWP]] . And, I like my usual suspects: POSCO (ADR) [[PKX]] , Ctrip.com International, Ltd. (ADR) [[CTRP]] , [[CBD]] , CGG Veritas (ADR) [[CGV]] , ICICI Bank Limited (ADR) [[IBN]] , SandRidge Energy Inc. [[SD]] , Masco Corporation [[MAS]] , Cummins Inc. [[CMI]] , TEKELEC [[TKLC]] , United States Steel Corporation [[X]] and Nucor Corporation [[NUE]] .
Some new stocks on my radar, all thanks and praise to the beta version of The PPT‘s 2.0 overbought/sold indicators include: [[RINO]] , [[TYH]] , Microsemi Corporation [[MSCC]] , Duke Realty Corporation [[DRE]] , Altra Holdings, Inc. [[AIMC]] and [[NLR]] .
In short, Le Fly is back from his Romanian cottage, where he fended off local homeless guys who wanted to fleece him of his sheep. YOU MAY NOT TAKE my sheep, fuckface, for they are mine!
NOTE: As discussed on PPT, rock salt maker Compass Minerals International, Inc. [[CMP]] is ripping through burlap this morning. I guess when D.C., amongst other places in the U.S., gets buried in snow, business is good for CMP.