instead of offering meaningless rants, I will end the day with a blueprint for this market. I have numerous trades in place, some are working, some are inverse ETF’s. In order to survive this tape, I think it’s important to have a strategy.
Here are a few of my current positions:
Long bias:
Health care: Auxilium Pharmaceuticals, Inc. [[AUXL]] , Valeant Pharmaceuticals International [[VRX]]
Financials: Assurant, Inc. [[AIZ]] , Credicorp Ltd. (USA) [[BAP]] , Wachovia Corporation [[WB]]
Energy: National-Oilwell Varco, Inc. [[NOV]] , Clean Energy Fuels Corp. [[CLNE]] , VeraSun Energy Corporation [[VSE]] , Aventine Renewable Energy Holdings, Inc. [[AVR]]
Industrials: Lockheed Martin Corporation [[LMT]] , General Dynamics Corporation [[GD]] , KB Home [[KBH]] , The St. Joe Company [[JOE]]
Consumer Discretionary: Barnes & Noble, Inc. Barnes & Noble, Inc. [[BKS]] , Chipotle Mexican Grill, Inc. [[CMG]] , J. Crew Group, Inc. [[JCG]] , Starbucks Corporation [[SBUX]] , Hansen Natural Corporation [[HANS]] , NutriSystem Inc. [[NTRI]]
Consumer Staples: The Clorox Company [[CLX]]
Materials: [[DGP]]
Telecom: nothing
Utilities: nothing
Watch list: Ultra Petroleum Corp. [[UPL]] , The Mosaic Company [[MOS]] , Focus Media Holding Limited (ADR) [[FMCN]] , Arena Resources, Inc. [[ARD]] , ConocoPhillips [[COP]] , DryShips Inc. [[DRYS]] and Zumiez Inc. [[ZUMZ]]
Short Bias:
Inverse ETF’s: [[SKF]] , [[SRS]] , [[FXP]] and [[DUG]]
Equities: Lehman Brothers Holdings Inc. [[LEH]] , Vulcan Materials Company [[VMC]] , TCF Financial Corporation [[TCB]]
Watch list: Marshall & Ilsley Corporation Marshall & Ilsley Corporation [[MI]] , [[FED]] , Cathay General Bancorp [[CATY]] , East West Bancorp, Inc. [[EWBC]] , First Horizon National Corporation [[FHN]] , Potash Corp./Saskatchewan (USA) [[POT]] , Martin Marietta Materials, Inc. [[MLM]] and Terex Corporation [[TEX]] If you enjoy the content at iBankCoin, please follow us on Twitter
I find the lack of telecoms egregious. That shit’s one of the few reliables for good cash flow despite slowing growth.
all on the 52 week low list too.
Good post. Much longer timeframe than my watch list…I’m assuming your timeframe is until the elections, or next year?
I have a few of your stocks on my buy list: CLNE and HANS were on the top of my buy list last week. Missed HANS run today, but I’ll buy on a dip (I’m drinking a Khaos right now).
Thanks for posting this.
Sorry, bottom picking, is all.
Loosey: Can you ‘splain two things?
One, where did this Louisiana Bank idea come from and …
Two, why think about shorting POT while thinking about going long MOS?
Pair trade?
http://www.globalpolicy.org/empire/intervention/2006/0309usprimacy.htm
Jake:
Pair trade pot/mos.
I don’t own any LA banks.
Stocks are for the mentally impaired.
For what its worth … seeking alpha had a bear case article on AIZ a few weeks back. Maybe you should have a read?
Thanks.
I know the bear story. In a world with very few banks to pick from, I like this one.
er AIZ is issurance?? … you feel the need to own financials in this melt up i’m guessing — to chase the retardedness higher?
Back on American soil after an always too short RnR trip.
See you on the frontlines.
Fly – I like the transparency. Only a few walk the talk.
Can You Hear Me
Uh, Senor Fly, what about this thing- PHK? I recently bought it and could sell now at a little profit plus I have the monthly dividend on record. Thanks for any comment, Senor Fly. The last quarter of 07 has a final GDP no. of -0.2, odd no?
Ferrari:
I’ve been long AIZ for awhile.
Basically, it’s a play on foreclosures. They sell property insurance to banks who have homes in repo.
I’d hold PHK.
After the recent trip-mine incident, we are introducing the new “improved” Cyborg Fly.
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This is more like it, on a bad day:
http://www.thechiefsource.com/hello/250/2932/1024/robot.jpg
Fly — my bad. First Horizon used to be a Lousy-anna bank (or maybe it was called Horizon Bank) but then merged with First Tennessee in Mumphis, thereby becoming “First National Bank of Elvis.”
I was just wondering why you had singled it out amongst the many lame and sick deserving to be put out of their misery.
Personally, I like the other Memphis fucktards to die first. The Destin-loving fools at Regions (RF).
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Speaking of Destin, JOE is now an “industrial company?”
And KBH??
They haven’t been very industrious, as of late.
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Ha.
I will be shorting FHN in no time.
Dear sir:
I’ve noticed the shares of RMG surging of late. Have you any opinion on the name?
Thank you for your time,
-DT
I saw that image, but decided that you had “kept your head.”
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Yo Q4 — did you get a chance to check out your Fly-munity profile yet?
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no amzn, qcom?
come on flyishness
AMZN, qCOM ?? no CRD.B for ya?
I’m not going to question your shorts.
No one can call those like you can (most days).
But I beg to differ with these:
AIZ, BAP, NOV, JCG, DGP
And these are in my “Fly has totally lost it” file:
SBUX, HANS
I’m not going to question your shorts.
No one can call those like you can (most days).
But I beg to differ with these:
AIZ, BAP, NOV, JCG, DGP
And these are in my “Fly has totally lost it” file:
SBUX, HANS
I give you a .5 probability on:
JOE
Disclaimer:
But what do I know?
Wow, I didn’t know Howard “banks” ova hea. Btw, where’s the accent?
Gio, Howard’s from Canuckistan.
He only tapes his vids from New York.
I want to say he lives in… Arizona, now?
Somewhere out west. In any case, no “ax sent.”
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I spit on AMZN.
Hmmm…Funny. I spit on AMZN and it shit gold coins into my account today.