The Facebook, led by a fearless byproduct of my generation’s upbringing (kickass video games and cable), has reemerged as an endearing member of the Wall Street community because, let’s be honest, they’re making money. Lots of it. And that’s all we really care about, right?
I needed some winship because for real, my portfolio is getting HAMMERED.
Listen, I’m not one to cower behind my losses, suggesting caveats existed and expanding my verbiage to sound smart. I’m smart as shit, you know that. The ‘junk in my trunk’ is being iron pressed into the proverbial hotplate long ENPH in size. Support held on the first go of it, barely, and I’m still in possession of my shares, barely. I can barely muster the strength to keep it, but I am merely a shepherd to the solar stocks and I must lead them to greener pastures. Today I fended off the wolves, barely, and as I walk east to the Promised Land a warm sun kisses my weary shoulders…barely.
On to the important matter of Sealy Tempur-Pedic and their perverted bed salesmen, I like what I’m seeing. I can’t sit here, behind my keyboard, and act like I’m some expert in the fundamentals of mergers. Hell, I’m not an expert in any fundamentals for that matter. I’ve been digging around all week, trying to understand this weakness. Select Comfort (SCSS) missed last week Wednesday citing increased input costs. On the surface, this seems like it could affect our TPX, but that’s not the case. Select Comfort has been investing in their stores, technology, and product development all in an attempt to remain competitive. That’s squeezing their operating income down.
So a sympathy move in TPX makes less sense than the fashion styling’s of Kris Kross. On the other hand, housing stats have been strong for months everywhere but the Midwest and let’s face it; Midwestern folk are a bunch of frugal penny pinchers anyhow. Hell they’d use a rock for a pillow if it saved them money to buy lotto tickets and fuel up their oversized SUVs. So as much as I wanted to scale down this TPX long before Thursday’s earnings call, I may just have to throw caution to the wind, middle finger in the air, and take what’s coming to me.
Obviously I’ve been emboldened by Ford and Facebook.
The rapid depreciation of my equities in general has upped my cash to 22 percent. There were no trades taken today, I just let the losses effervesce in my bowels.If you enjoy the content at iBankCoin, please follow us on Twitter