A once great stock is down again. CREE gets another significant high volume selloff. Remember, we look at price+volume to predict future performance. CREE was on my leaders index for a while now, but as of today, it gets the boot. Whenever I start jettisoning too many elite stocks, it’s not really a comforting sign for me. Anyway, check out the breakdowns, and decide for yourself what happens to CREE. My first insticts are
1. Rally back 12% after dipping into high 40s.
2. Selloff
VIX – is down about 2% today, with market moving about 50 on the DOW. That’s a pretty good ratio. Calm after the storm effect. Bulls need to quietly build this market back up if they want to make a counter rally. As someone who shorts the market, I hate it when that happens.
I spent the whole day yesterday getting new credit cards, new phone, new IDs, new wallet, new bag. I guess it’s good getting robbed? Haha. Nah, thanks for the thievery stories in the last post. Kind of reminds me that crap happens. Hawaii got problems too, so hide your kids hide your wife. Haha.
Btw, I’m going to New York in a few weeks. Anyone know of a good hotel to stay in Manhattan? I’ve been using Booking.com (subsidiary of PriceLine) but am totally new to that site, so I’m not sure if the prices are good and I notice a lot of Europeans use it (what’s up with that). If you got any tips let me know please!
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it’s a piece of shit. forget it move on.
“Good” depends on what you are used to, but NY hotels are nevertheless more expensive in any price range to which you’ve been accustomed. If you have the money, I suggest a nice hotel near Central Park or in Times Square.
Stay at Fly’s house. He has some great sandwiches.
Check the bed bug situation w your hotel. Even nice ones are infested, or so I’ve heard.
I’ve stayed at the Time Sq Westin and enjoyed it (w/ family)
I’ve stayed at all the Ian Schragers, and they are fun: Royalton, Hudson, Morgans, Paramount. Can’t remember which was best. If solo, fine. If family, no. Small rooms, but vibe.
W’s are solid.
Hope that helps.
Marriot marquis, in time square. Its amazing, albeit very touristy.
Marriot marquis, in time square. Its amazing, albeit very touristy.
Not sure what the recession has done to NYC hotel prices but…
I always liked this site for booking thrifty but decent NYC hotels.
http://applecorehotels.com/
I second Moober’s warning about bedbugs, yick.
There’s a really sweet little one I stay in on 31st, East side… trying to think… the Morgan, maybe?
Not too expensive, but clean and nice.
Just interviewed a kid whose dad moved him — when he was 16 — from Honolulu to Evansville, IN.
Yipes!
(he still talks to his Dad, though)
________
Your blogging has been on point.
Use Tripadvisor. #1
dumb.