New longs: SPWRA (33.34)
Added to longs: AVII (2.38)
– Zeus? Lol. It was random. Sorry!
– Looks like I’m heading back to 50/50 long short. I have a mental note to take quick profits in longs. I think Fly’s target on the Dow is a good spot to sell stocks. There’s no telling how strong the buying will continue. I think we could rally the close. I’m still not covering my current shorts.
– Watchlist for possible buys (high priority): Herbalife (HLF), Caribou Coffee (CBOU), CRME
– Almost shorted NFLX and MELI today. Held back.
– Gotta finish some 2nd quarter paperwork. I hate end of months.
Question: you net long or short or mostly cash?
If you enjoy the content at iBankCoin, please follow us on Twitter
Still net long. Approximately 50% Financials (vast majority dividend paying) 50% Tech (80% large cap/20% small cap), small amount of gold and other speculative and sundry holdings (ftk, etc).
we still have a wave of foreclosures ahead of us and the still continuing death of commercial rental space.
here in NC, in my area I’ve seen a few new apartment buildings go up and 2 new houses….the 2 new houses are all I’ve seen in my surrounding area go up in 15 months.
outside of this I see the market continue up. If we have a few months of massive foreclosures we could have a problem, but I think they will be steady and the market could absorb the bad news as it has been doing for the last 4 months. Hell, if the market really reflected reality, the DOW would be 5000 right now, but we know the market runs on “future” predictions and not anything else.
good point. sometimes we see what others try to ignore, which delays things. hope can harm, but truth can kill.
AAII survey of individual investors suggests that bulls should be cautious.
The survey data to be released tomorrow will show that the bearish sentiment dropped 11 percentage points this week to its lowest level since May 15, 2008. Bullish sentiment is the highest since Jan 8, 2009 (though only a hair higher than on Jun 4). Both the May 08 and Jan 09 dates were at or near turning points.
Some cautions:
–the weekly AAII survey is noisy, so this week’s move might be reversed the next week (though this is the second week in a row with a very strong move toward bullishness)
–current sentiment levels are far from bullish or bearish extremes (unlike early March 09, where bearishness spiked to the highest level in the 22-year history of the survey)
I may fade HLF in the final hour…
what was FLY’s dow target again?
9500-9600. i think he has an eye on the psychology 10k too.
100% long.
GoldBot has succesfully taken out your stops, rally may now continue.
How bout that FSLR? I got 2000 shares meself from 146.
look at the solar stocks AH, huge rally then tank right after
Time to Ante Up.
http://www.youtube.com/watch?v=21OH0wlkfbc
net short
R.I.P. Irwin Yamamoto:
http://www.mauinews.com/page/content.detail/id/521212.html?nav=13
R.I.P. Sir Bobby Robson!
http://www.guardian.co.uk/football/2009/jul/31/bobby-robson-dies