I am expecting a bounce in the near term, based upon the laws of “coiled spring.” My current long positions, although bountiful, are inferior to many stocks on my buy list. As the market declines, quality names get cheaper, hence offering incentives to swap out of garbagio into “palatial regalia.”
Here is my list, sorted by sector.
Basic Materials:
ATP Oil & Gas Corporation [[atpg]] , Massey Energy Company [[mee]] , Century Aluminum Company [[cenx]] , Freeport-McMoRan Copper & Gold Inc. [[fcx]] , POSCO (ADR) [[pkx]]
Consumer Goods:
Dean Foods Company [[df]] , Green Mountain Coffee Roasters Inc. [[gmcr]] , Bunge Limited [[bg]] , Central European Distribution [[cedc]] , [[dole]]
Financials:
Goldman Sachs Group, Inc. [[gs]] , Barclays PLC (ADR) [[bcs]] , Visa Inc. [[v]] , The Blackstone Group L.P. [[bx]] , MF Global Ltd. [[mf]]
Healthcare:
Baxter International Inc. [[bax]] , Gilead Sciences, Inc. [[gild]] , Sanofi-Aventis SA (ADR) [[sny]] , Teva Pharmaceutical Industries Ltd (ADR) [[teva]] , Alkermes, Inc. [[alks]]
Industrials:
Eastman Chemical Company [[emn]] , [[rino]] , Bucyrus International, Inc. [[bucy]] , Manitowoc Company, Inc. [[mtw]] , Flowserve Corporation [[fls]]
Services:
Central European Media Enterprises Ltd. [[cetv]] , Guess?, Inc. [[ges]] , Abercrombie & Fitch Co. [[anf]] , Corinthian Colleges, Inc. [[coco]] , The Gymboree Corporation [[gymb]]
Technology:
Canadian Solar Inc. [[csiq]] , MEMC Electronic Materials, Inc. [[wfr]] , NVIDIA Corporation [[nvda]] , [[rax]] , Amkor Technology, Inc. [[amkr]]
I am not sure when I will buy the above names. However, it is my buy list and I am sticking to it. One thing is for certain, I am in no rush, especially ahead of June, which happens to be the second worst trading month of the year, based upon the scientific laws of seasonality.
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The Fly is God.
“…. June, which happens to be the second worst trading month of the year…” Worse than this May!?! Pardon me, I need to leave to buy some livestock and guns.
—–
Awesome list Sir, my only complaints are RINO, which is akin to an ulcer on the devil’s sphincter and MF which can have nice runs under Duke Corrizine’s fine leadership but seems to march to its’ own drummer.
To conclude: “Armageddon, or, buy stocks, which to do, which to do……”
I was looking at CETV as a potential short candidate last night. Passed on it today though, in favor of a couple others.
All of these stocks could very well be shorts, lol. That’s the sort of market we are in. All I am saying, if the market rebounds, these are my vehicles.
PPT hit 2.2’s intra-day – do you only use the closing for your buy/sell indicator?
May is usually quite good to the market gods but this one has proven problematic. Perhaps June will reverse from the usual course as well.
am i missing something here? his last post he was saying that hes expecting a huge meltdown and gonna buy your margin liquidations at deep discounts. now he is saying he is expecting a rebound (mind you, this came after the market popped 100 points)
what am i missing? i know what im expecting…rebuttals filled with glittering generalities and how i lack the grandeur of intellect.
r – Do you play any games that involve strategy, like chess or pool for instance? You need to think ahead. It seems absurd that I am even writing these words. What’s so hard to understand?
Ramon
Simply planning ahead and the eventuality that my dire prospects will be wrong.
i didnt realize that you meant over the next few weeks you have a bleak outlook but in the next few days you are expecting some sort of bounce.
is that what you are saying then?
For ubber Stock Bio Geeks…you know you are out there… .http://www.asco.org/ascov2/Meetings/Abstracts ….the countdown is on
FIG..FLY is GAY! Just kidding. Fly, what about gmxr?
Gamble of the month:
300 FXI 38 May puts
This trade is not about making money; it’s about satisfying my urge to gamble so I can pay attention to my real positions-short GDX….YEAHHHHH
I am making more money TODAY in this GDX short position than most people’s entire folios, including gint’s.
Watch imbecile DMG come up with some imbecilic comment!
LOL. Like you have any money left….
_____
Bought a little AGM FTK and AEZS as well
Instead of those 87 stocks, you could also just buy SPY.
Sooooo fucking wrong you are.
I never have more than 5 positions. I never considered myself smart enough to be able to keep track with all of them. In fact I enfy Le Fly for doing just that and having the brain potential to do so. I sure don’t. If anything, I mostly trade 1, that is ONE large position (at this time is GDX short) the rest of the few positions never add to more than 5% combined. At this point my play positions add up to more than 5% due to my GS exposure but this is nor typical for my trading style. Even my GDX position (my number 1 conviction investment) is larger than usual. I, unlike most, believe that cash is a valuable asset in the asset allocation scheme of things.
That’s because you trade a bullshit 5 gig online discount account. You fuckers aren’t in my ballpark.
Fuck you,
I have acc. with IB, Schwab, Etrade, BAC, LPL and I assure you that my personal GDX short position is larger than your entire AUM accounts combined, including yours!
LOL!!
I like your fire. Now shut the fuck up and go bet all of your money on one stock.
fuck you twoo times,
I never doo that…
If my ONE position goes the wrong way past my limit, I either take the loss with a smile or hedge it with short term optons.
As you well know, it’s ALL about not letting small loses become large loses!
Imagine this moron claiming he’s got any dough at all?
My third grader is a better speller. No shit.
_______
Joe, Jake is up so far from when he started purchasing gold, I doubt he’ll care. In the meantime, have fun picking up pennies in front of steam rollers.
Mr. Cain – joe is completely full of scheisse. see below
DMG says:
March 16, 2010 at 3:37 pm
Definition of schadenfreude:
“I have 5% invested in SRS for a trade. This 5%, is larger amnt than you will earn in your entire white-trash life.”
(from Joe, waaaay down in Mexico)
SRS 6.10 -0.29 (-4.50%)
Hey imbacile dmg,
I rest my case. How did I know you’d be coming around?
I lost money in SRS but being that it was less than 5% of my folio. How much do you think I lost?
I am UP in my short GDX position today more than the entire SRS position I had at that point.
Fucking pile of idiotic misery!…Note to myself: don’t fight with IDIOTS!
“Hey imbacile dmg,”
haha, you fargin muppet…you make me laugh, at least.
Which was it, 5% or less than 5%? Either way, it was more than i’ll make in my life, so i imagine it was a very large sum.
Back to the facebook papertrading platform, senor.
I am a believer in the cult-de-fly… if and when your empire ever falls we can all commit seppuku together.
Bargain hunting in this market is making Walter Freeman’s lobotomy feel like a day at the spa.
The memories…. A month ago, voices cheering.. how much higher can these stocks go? Now, holy cow….. how much freaking lower can they go?
Looking at so many stocks with bargain hunting eyes, yet patience is a priority.
EEB will outperform here–along with everything else levered against UUP.
BRIC nation traders don’t take 4 month vacations like the wall street hamptons crowd. So, this summer’s squeeze could completely ignore traditional seasonality.