The market is officially in “shit mode,” as all of the offal floats to the top of everyone’s buylist. From American International Group, Inc. [[AIG]] to CIT Group Inc. [[CIT]] to American Axle & Manufact. Holdings, Inc. American Axle & Manufact. Holdings, Inc. [[AXL]] to Ambac Financial Group, Inc. [[ABK]] ; it’s a shit storm people and you need to take notice.
Typically, when shit floats to the top like this, it means the end is near. Howsoever, this is exactly the sort of trading activity that bankrupted the short sellers of [[GGC]] in two short weeks. Do not assume the market is topping today, just because AIG ripped the pants off then “cock-chopped” the bears into little pieces. No.
Be wary of a “fuck you, you’re dead” top, but respect the markets authoritai.
Courtesy of The PPT, here are some stocks squeezing (BIG SHORT INTEREST, BOZO) higher:
Nordstrom, Inc. [[JWN]] , Hovnanian Enterprises, Inc. [[HOV]] , VistaPrint Limited [[VPRT]] , USEC Inc. [[USU]] , M&T Bank Corporation M&T Bank Corporation [[MTB]] , Incyte Corporation [[INCY]] , [[MASI]] , Synovus Financial Corp. [[SNV]] , Arbor Realty Trust, Inc. [[ABR]] , Huntington Bancshares Incorporated [[HBAN]] , SL Green Realty Corp. [[SLG]] , Insulet Corporation [[PODD]] , Patriot Coal Corporation [[PCX]] , Overseas Shipholding Group Inc. [[OSG]] , Blue Nile, Inc. [[NILE]] , US Airways Group, Inc. [[LCC]] , YRC Worldwide Inc. [[YRCW]] , UCBH Holdings, Inc. [[UCBH]] , Central Pacific Financial Corp. [[CPF]] , Pacific Capital Bancorp [[PCBC]] , Headwaters Incorporated [[HW]] , Advanced Battery Technologies, Inc. [[ABAT]] , Maguire Properties, Inc. [[MPG]] , MGIC Investment Corp. [[MTG]] , The Macerich Company [[MAC]] , Orient-Express Hotels Ltd. [[OEH]] , CIT Group Inc. [[CIT]] , Lloyds TSB Group plc (ADR) [[LYG]] , Fortress Investment Group LLC [[FIG]] .
With my money, I am not as whorish as some of you are with your 10 second trades. I will allocate a small portion of my cash to one of the above names, in hopes of a lotto run higher.
UPDATE: My short squeeze play is [[PCBC]]. I bought 50,000 in the low $2.30’s.
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bought OEH today
Boom, goes the dynamite. BAC is nursing my FSLR wounds.
You can X to that list lately, but for how much longer?
I made my buy.
Fly,
are HFTP (high frequency trading programs) really utilized? So is this article true or what???
http://seekingalpha.com/article/153555-five-reasons-the-market-could-crash-this-fall?source=feed
Put my money where my mouf is and Jake Buys More TCK.
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RDN on another tear.
man, this has got to be a day of monumental massive select ape rape.
Fly I agree, just look at UYG that SOB is running hard. with the unemployeed hitting 10% + and state governments broke what is driving this market>? Short covering. I can’t believe that.
FTK is prime squeeze candidate here.
Co-Cheeze,
You still like FNSR? I still have 10k shares from back in the day when you recc’d it.
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out of FNSR.
has anyone here already complied a list of electric motor and battery developers for the car industry?
just working on a theme of long term buys that will especially benefit from todays announcement of the 3 billion dollars in grant money handed out today in the FOA-0000026 and FOA-0000028 grants.
No, but I am taking lithium, if that’s of any service to you…
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doesn’t really help….but don’t add phosphate with it or you might start glowing.
Sweeeeeeet…..
Fly,
any swine flu play?
no swine for me.
market is now green: indeud.
I’ve been watching all of you guys get rich now for a couple of months.
I am the majority who has been scared to go long, but its time to sack up. Talk about jumping on the bandwagon at the last minute.
so you find it less scary to short? Why would be scared to go long when the main trend has been up for the past few months…
uh oh.. definitely going down now
Just took a major swing at FAS and got crushed. Haven’t been able to recover and hung up my shoes for this major rally.
Cmon people you have to love UYG
I used to live on President & 4th. Good times.
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I am sitting with jakes mom eating a hot dog and reading the racing form
Uncle Bill??
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Oh ya I’m glad I bought 30,000 shares of AIG this morning cause I am losing my ass on these damn nags.
bell rings and wow, what a day.