MBI is entirely screwed.
This is a nice rally, but I get the sense the credit crisis is about to accelerate.
Right now, MBI, ABK and ETFC appear to be racing to zero, albeit ETFC is in the lead; but MBI is catching up fast.
If you happen to be long any financial stock, it might be a good idea to swap it for tech or ag.
As you know, “The Fly” placed a large bet on VMI. Thus far, it’s working, up almost 4 bucks.
MVIS has to work here. The whole “MVIS to the moon dream” of mine cannot end with a whimper. Once again, my “sources” tell me they (MVIS) will “blow the fucking doors off of CES.”
As always, we’ll see.
Finally, with any available funds, I intend to buy MVIS, VMI, HANS, FMCN and CLX.
In short, this rally is very suspect. Don’t get suckered into semi’s or financials, yet.If you enjoy the content at iBankCoin, please follow us on Twitter