In a note to clients earlier today, he states “”We are scared about the month of August.”
In that same letter he states, “We are not changing our views and we remain buyers of weakness.”
Sounds like a plan, Tom.
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Sounds like he wants a lower entry position.
Maybe he’ll get it. Maybe not.
Jeff whats your take on August?
Ibb xlf rut have to play catch up thus pushing the market north in my opinion
Energy catch-up time as well…no?
Market of stocks. Indices don’t bother me anymore.
The upcoming negative movie on YELP seems like the classic Buy the News release.
HES is looking very interesting. I would like to see oil participate in this rally.
Agreed. HES bullish engulfing yesterday. Oil could be setting up an inverse H&S… DXY drop may be a catalyst to watch. Lot of players short oil so could produce a squeeze.
He’s been pretty bullish through all the drama.
I know. Me too. Had nothing else to blog about today.
Tom Lee is always boolish.
OA what are your thoughts on GBX, MU, and NVS. All are looking to have just come out of good basing periods
If I am not in from before moves like this, I don’t think at all.
OA – What’s your take on XON? Would you wait for lower prices or buy down here?
Tom Lee “We are scared as we climb the Wall of Worry.”
TRN up 11%
GIMO up 12%
This truly is a stock picker’s market
PTX looks interesting. Earnings next week 😀
Nete, peix, AMBA, MNK all look good
August – November has been up every election (except 1 – I think Ike) where a 2 term President is replaced by the candidate of same party. And I believe that August was either best or 2nd best month for performance. But I was only half listening at the time so take this with a grain of salt
I have two positions:
LABU—$35.59
UWTI—$18.16
50/50 positions. My ignorance has prevented me from massive winship like OA. I’m playing catchup.
Five figures each.
I intend to hold LABU through at least August and oil play bye the ear.