A rather benign day.
God willing, the bears will get coal for Christmas, enabling the bulls to get drunk, throw “rich man’s whiskey” around the dinner table, while eating large quantities of high end chop meat.
Once again, “The Fly” was busy, on the phone all day, talking to richer people than you. I can tell you, people are thinking opportunistically, sifting through the carnage—elbowing into beaten up tech and financials.
Today, I enjoyed big dicked gains in FTK, CFC, SPF, LFT, VMW, FMCN and CN.
Also, as you know, I sold short TIF, and bought some DCR (inverse oil).
All in all, today was a “best case scenario” for the bulls. Should the rally continue, saddle up to beaten down basic material stocks, like RS, X and ATI.
Finally, this VMI fucker must move. It’s impossible that LNN is near new highs, while this “waste of alphabet letters” sucks crack pipe.
Once again, top pick is VMI.If you enjoy the content at iBankCoin, please follow us on Twitter