I do not like the banks here. You go buy them, after a a 50% run.
However, I do like select tech, particularly [[NVDA]].
It’s a nasdaq 100 name, with huge institutional sponsorship. Should the market continue to rally, NVDA should do well. However, keep in mind, they are slated to book earnings next week.
Bottom line: “The Fly” has been buying NVDA in a rather aggressive manner.
NOTE: Ragin’ has been buying it too. We rarely buy the same stocks at the same time. Perhaps a sign of doom.
UPDATE: [[MSFT]] jsut agreed to pay up to $33 for [[YHOO]]. What a group of assholes. YHOO is worth $18, at most.
Sell MSFT twice over. They are breaking the bank.If you enjoy the content at iBankCoin, please follow us on Twitter
Yeah, look what happened when you both bought GU.
sold this am, needs a breather
GU is up.
Did Fly and Ragin ever buy MVIS at the same time too? Shit. I knew something didn’t smell right.
Yeah, but it took a 2.5 point nosedive, as soon as you and Cajun’s stars aligned…
Hey I’m long the name, so I share any pain.
GU is painful. GU being up 5% today does little for me when I’m still down 10% in GU over the last 2 weeks. Still, I do like the story.
Fly, are you still in DRYS? That resistance at 88.50 looks tough… but on a fundamental basis, this is trading as if the Baltic Dry Index was still at 7000 (note: it is currently at 9580). At these levels, Q1 will come in around 2.50 and Q2 will come in at about 3.00 . This will give DRYS an EPS of about 13.50 (excluding, as always, one time capital gains). All in all, new price target of 130 with a time frame of 4 months out.
From a technical point of view DRYS is forming a cup and handle with a break out expected once it cracks resistance on solid volume.
I am running two Nvidia cards in my desktop. They are ahead of ATI for now, who is delaying the release of their new line of vid cards. Nvidia’s motherboard chipsets are also ahead of everyone, faster front bus, while allowing three vid cards to be bridged. The new 8800gt is going to be a very big seller, at 250 it’s better than their old 8800gts at 400.
truth be told, I did buy MVIS around the same time. In the early days of flyonwallstreet.blogspot.
My first entry was @ 1.92
Cowvino, that is the most coherent paragraph you’ve ever put together on iBC.
Not to knock your other paragraphs, which I always enjoy reading.
Woody, I have had my quotient of misery as of late, and my spirit is subdued. I would not mind the losses, except that they are at the expense of the filthy shiteating bearded clam.