The same old names are running, with a marked exception to the dastardly bastards from [[POT]].
Going over my daily screens, I see the old infrastructure/energy complex is booking higher, while financials lag. There are sizable gains in [[PCR]], [[CNH]], [[FLR]], [[FWLT]], [[URS]], [[ACM]], [[MDR]], [[GLBL]], [[NOV]], [[EAC]], [[CCJ]], [[ENER]], [[CSIQ]], [[FTI]], while weakness persists in [[DSL]], [[FIG]], [[RDN]], [[CCRT]], [[FED]], [[MS]] and [[UBS]].
Also, it’s worth noting the calamitous decline in refiners, namely [[VLO]], [[TSO]], [[HOC]], [[DK]], [[WNR]], [[SUN]] and [[ALJ]]. Being long the intergrators, like [[XOM]], [[SLB]] and [[COP]], and short the refiners, has been a great trade and will probably continue to work.
Select Chinese fuckery stocks are bouncing, namely [[CTDC]], [[MR]], [[CHU]], [[CHA]], [[CN]] and [[SOHU]]. Keep an eye on [[JADE]] for a possible lotto winner.
Latin American cell phone player, [[NIHD]], is poppin, while [[CTSH]], [[OSTK]], [[NTES]], [[CLWR]] and [[TKC]] eat dirt.
Within the food and beverage space, the big beverage giants look good, namely [[KO]] and [[PEP]]. In addition, with [[HANS]] getting its balls boxed off, I sort of like the valuation. However, I would not go all in. Just a nibble.
New issue [[DPS]] will probably kick ass. And, fake butter (Symbol) and health nut company, [[SMBL]], looks like it wants to trade higher. I’d wait for a pullback.
Some stupid bagel maker, [[BAGL]], is surging on good earnings. But, it will not last. And, [[BRL]] is having its guts ripped out and roasted.
Let’s not forget the daily metal surge in [[CLF]], [[X], [[ROCK]], [[BHP]] and [[PKX]]. Regrettably, [[SWC]] looks decent, down at these levels.
That pretty much sums up todays trade.
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Steel is going to 1 million an ounce soon. And why not, we are in boom times. People are building like mad and China has unlimited growth. They are all rich now and wearing Rolex’s. X should trade to about 400 before it takes a rest for a day so they can have a union day off.
Right. The Chinese are like wild maniacs, who do not look at prices before buying.
Since they are so rich, they will pay up to infinity, in order to build new bridges and dams.
In India, everyone is so rich now, they are going from 1 meal per day to 2.
Can you fucking believe it?
2 meals!
Fat fucks.
The Chinese are eating steel now they are so rich and have strong stomachs. Just the other day I heard about Chinese going in for growth stretch treatment to make them taller. These people are unstoppable. People in India are buying gold like its 1980 again and wearing gold chains out to eat giant Swordfish curry steaks. They are also replacing all of the electric in India which should start being replaced each year now given their wealth. Do I even have to mention what they are doing with oil?
So finally you have come clean and admitted that I, JJ, am much smarter than you, The Fly.
Buy SWC and retire as it multiplies fold after fold after fold.
Gapp, wait until there is a support and then a nice uptrend on refiners. They can go much, much lower, trust me. Fly, did you buy some NGAS? I told you that you should, because, you can.
Hey 1390, is that weight on your shoulders getting heavy?
Relax man. POT was up $25 in 5 trading days. It trades 10 million shares per day but some fucking cockbags were anxious to book gains so they recklessly dumped like 1.5 million shares in the first half hour. They crushed it like a bug….and left alot of money on the table.
They temporarily overwhelmed the buyers, but the buyers are still there. It’s climbing back. It will close green.
I must be in the penalty box …. tried 2-3 times to post this comment (see below) to no avail:
http://biz.yahoo.com/bw/080507/20080507006073.html?.v=1
Anyone know anything about this MMR well?
If it comes in, their 20% partner EXXI will fly ….
Crude, you have any advice?
ENER destroying bears – holy shit
This is news to me so thank you. Is it already baked in the cake with the move in EXXI? Not sure. I do know that everyone and their grandma is punching holes all over the place for oil/gas and getting better and better at it. Technology is coming online for these drillers/explorers so fast right now enabling them to make some serious discoveries and of course, money.
On another note, I have a pretty good feeling EPD will break out of this range it has been in for quite some time. More and more oil is coming out of the gulf, and they move a ton of it.
EXXI had a nice intraday move on MMR’s press release yesterday … it got me to thinking what it would do if they announced some positive results.
I’ll put it on my watch list and check out EPD.
Thanks
X has lofted as high above its 50day as it has ever, ever, been, with no visible signs of weakness, AT ALL. A few puts could be in order round about here.