With the possibility of a rally brewing, I will hold off on any inverse ETF buys, until 3:30.
No market goes down in a straight line, as do-gooders throw good money at bad.
For the most part, the ag sector is the only sector worth investing in, with nice momentum in [[BG]], [[MOS]], [[CF]], [[AGU]], [[POT]], [[ADM]] and [[VMI]].
Currently, I hold a sizable position in VMI.
Watch the financials. Should they continue to rally, there is a better-than-average chance the market will turn its “homo-hammers” on the bears.
UPDATE: Fuck it. Go ahead and shoot.
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The markets are due for a bounce, soon. Still need to fill in some gaps, though.
I see a scenario where a bounce takes us back up to resistance, after Christmas, and just in time for the bears to take over and push things to new lows in 2008.
Heh-heh. It’s funny how many of you get “on the bear wagon” and think you’re telling everyone something new.
This market has been in bear mode since 07/22/07.
Since then, I have banked more coin than the Fly.
The U.S. economy is, indeed, made of raspberry jello.
MAke no mistake. This ramping of the RGB laser to be in hi-vol production was is directly attributed to Tokman, CEO of MVIS. Looks like the lasers, the biggest cost of the PiocP, will be ready and getting cheaper.
Novalux Sells Silicon Valley Wafer Fab
12/13/2007
Company Outsources “Necsel†Wafer Processing to Ramp-Up for High-Volume Consumer Display Applications
http://tinyurl.com/2btyw2
Bison, that is my favorite flavor, with chunks of pineapple in it.
WTF is up with AAPL?
Where’s Ragin’ when you need him to put you back up with his Apple to $300 motto?
There are some companies that will do well in 2008 regardless of market or economic conditions. MVIS will be one.
Sonus Networks WILL be another. The whole world is replacing the trillion dollars worth of TDM switches for Softswitches. The undisputed leader is Sonus Networks. In fact it is the only pure IP company that has had success scaling to carrier grade. They have 5 of the top 5 and probably 8 of the top ten carriers in the world.
Witness the BT 21CN program. They made a huge mistake and went with a slick powerpoint presentation from ERIC. 2 years later, BT shitcans ERIC and gives it to Sonus. It is a BILLION dollar contract for a company currently doing 300M/yr. And the second of many.
And yet the co is out of favor w wall street for some accounting missteps. And the BT PR didnt multiply it out for the retarded analysts. So the stock sits at 6! While a super-saavy investor (Senate Limited) slowly accumulates 25% of the company with the blessing of Sonus management.
Get this straight. Once it gets going (it’s just starting, the ultimate market for VOIP gear- to quote the CEO of Sonus: “Tends to be larger than Cisco’s”
A report last week by ABI research estimated ONE TRILLION dollars will be spent on VOIP by 2015. And Sonus is killing NT, ALU and ERIC.
Do not miss this pick of the decade. You heard it here first. In the next few years every investor will hear Sonus as often as they hear Cisco.
AAPL has all the makings of a double-top: Big selloff, and then low volume rise to new highs.
AAPL better do something soon or it will test its 50 day again, quicker than you can say How about them appers.
Hah, nice update. I was wondering how long you could wait Fly 😛
Juju:
You’re a fucking liar.
I made money going up, while you got your balls clipped.
Plus anyway, you are playing with a bullshit discount house account.
You don’t even count.
Fly,
I’m up 17.49% since mid-July. Don’t think so? Just jump in your time machine, go back and check it out. Oh yeah, nevermind, your time machine is fucking broken.
Juju:
You have never offered ideas.
Plus anyway, up 17% on five figures is not impressive.
Juju is riar and furr of sheet.
juju is correct, for example- had u got into SKF Oct 1 at 75.8 or Oct.15 at 76.83 –SKF closed Friday Dec 14 at 100.99. Sad but true.
Juju- good for you. However, there is something to be said about being proud of gains without resulting to schadenfreude. Careful…
woodshedder, I didn’t know you were a Fritzengrueber
buylo? I guess I should know what a Fritzengrueber is. I hope it is a compliment. I would guess it isn’t.
woodroe, then Fly: yes, but any further talk like this is strictly verboten, by the way what is the P/C ratio telling us – is there a rally-bounce coming soon? Fly before we load up on SKF, TWM, are you waiting for a bounce laddie?
Woodshedder,
You know, I think you should go back and analyze your AAPL graphs. Ragin Cajun says AAPL to $300… not sure if you missed that memo.
As you know, if Ragin says it, it must be true.
-DT
rajin was throwing ridiculous targets on apple at its high, classic day trader.
Any plunge in AAPL will have to wait until after MacWorld in January.
AAPL has moved down recently for one reason only: to maximize the credit I get when rolling my Dec covered calls into January.
I wanna go to RUTH tonight.
AAPL already pricing in MacWorld. Nothing to knock our socks off. It will be disappointing.
Short AAPL.
There’s my idea, Fly.
AAPL is only slightly off its highs, change your charts from a 1-week timeframe into a 6-months, drop from 195 to 185 shouldn’t scare you (although my calls are getting hammered). Their laptop sales are at the Gladwellian tipping-point, and a PE of high-40s is completely reasonable.
If you think Apple is way undervalued or way overvalued, it doesn’t matter. While AAPL doesn’t traditionally put their products on sale, their options definitely are. Implied vols look way too low for the current conditions.
IMO, the key to this year’s Macworld isn’t product announcements, it’s going to be their sales figures. El Jobso always makes announcements on their sales at Macworld (with his Reality Distortion Field in full effect) — I’m not sure THAT is priced into the market yet.
NHL game footage now available on iTunes in Canada.
AAPL is going to CAN$200, which will be US$700 by the end of 2008.
Eh.
Hey at least the bonds are up.