I’m sitting here asking myself why I am not short financials? I’ve made a little money trading [[SKF]] & [[LEH]] in the past, but to miss this move from the beginning of the year is crazy.
At what point do these banks become a buy? I don’t want to predict a bottom in financials, but one has to wonder if [[BAC]] is a buy of a lifetime.
Enough about the financials, will you look at [[CELG]] the strength cannot be ignored. I also like [[AAPL]] right here, right now.
I will be out all day, please feel free to use my page to comment on stocks on the move.
See you guys this weekend.
Top Pick: [[GOOG]] earnings next week
If you enjoy the content at iBankCoin, please follow us on Twitter
ESLR looks to be consolidating for a thrust higher.
getting Longer as we go down as long as I find setups.
new buy this am is ALTH
AFAM
AVAV
BAX
EBS (6 on watch)
TMR
ACOR
coal strong this am, Im buying on dips
Coal: WLT, ANR
Only one true “thorn in my side” left, and of course it’s FSLR.
The one good thing I can see is that it appears it’s running into a downtrend line that starts at the 5/14 peak and runs through that 6/24-25 consolidation. Appears $282.50 or so is the “make or break” area, at least for today.
__
gold breaking out like crazy, I know you like AEM, I’m long GG
RC –
out all day? must be the new iphone , eh?
DIE HeRB (HRB)
Not much out there on the radar screen long or short for me…Looking at ARST, WHG, ENG, AVAV…
On the short side…FXP
BAC is puzzling. They say that as things stand now, they won’t have to raise more capital and they have no plan to cut the divvy.
Yet it trades at Armageddon like valuations of 70% of book value with an 11.6% dividend yield. Buffett should be all over it. That he hasn’t acquired a big stake in it says to me there’s some shit going on there that I don’t understand. I’m staying away.
ALTH trade starting to pay dividends!
AVAV can be taken with a stop @ 29.25 give or take .25 depending on size and tolerance
BAC would only be a buy if they cut the dividend to reasonable levels of 5% or less and there was major volume with capitulation on the day of the announcement. Otherwise, jumping in BAC now could result in a painful kick to the groin when BAC announces the dividend cut, which they will eventually have to. (See Citigroup)
My question is did GOOG adjust their outlook well enough last qtr to avoid missing earnings next week?
Is this it ? Is this all you can conjure, Saruman ?”
“Brace the Gate ! Hold them ! Stand Fast !”
Ugly gap downs with reversals in FRE FNM LEH
A friend of mine called me with a frantic message this morning to tell me a “friend” of his who works on “Wall Street” said LEH was going under “today”.
What shall I do with this key piece of inside information from WALL STREET.
Oh it’s time to be long!
Can we call this capitulation?
Who can wait till Monday?
Not me!
Hey Fly!
Can all stocks go to zero?
^grow up
ALTH add 7.67
long over the weekend
SVNT volume bounce of the 9 day today 28 breakout next week
ALTH
CPST
OFI
all closing week strong
GOOG my fucking cash cow. I’m still living lavishly off of the last earnings play.
HRB annoying as shit, but still think this hits the teens.