I must say, that fucker “Sierra Water,” prominently featured at the top of this months leaderboard, has been knocking the cover off the ball. Thus far, he has recommended [[COIN]], [[SEED]], [[FEED]] and [[GRO]]. All of them have killed shorts, while enriching the gambling longs.
It’s worth noting, Green Writer, who has also been on fire, brought SEED to the table first, in the low 7’s.
As for today’s trading:
Before my meetings, the market was showing signs of fatigue, with key stocks losing momentum. However, looking at shit now, I am impressed with the staying power of the bulls. Apparently, they do not read history and are doomed to repeat it.
Anyway, the financials are still getting the “knife to the gut” treatment, with losses in [[NFI]], [[DSL]], [[FCFC]], [[PMI]] and [[FMD]].
Also, within retail, [[HAR]], [[TIF]], [[SHLD]], [[RL]], [[NILE]] and [[COH]] scream economic hardship.
On the upside, I like the bounces in the beaten down semi’s, specifically, [[SNDK]], [[NVDA]] and [[WFR]].
The only sector with real buying interest is Agriculture. Right now, [[FEED]], [[COIN]], [[GRO]], [[NOEC]], [[ARTW]], [[TNH]], [[CNH]], [[POT]], [[LNN]], [[AG]], [[MOS]], [[SYT]], [[CF]], [[MON]], [[DE]], [[ADM]], [[AGU]] and [[BG]] are exploding—dot com style.
Frankly, everything besides Ag is just dead cat bouncing. At the moment, Ag has all the momentum.If you enjoy the content at iBankCoin, please follow us on Twitter