I’ve been scouring the market all day, trying to find some stocks to buy. All of the precious metal stocks are up too much to chase. The semis have gone parabolic and financials are landmines. I sort of like MAS here. And, if it wasn’t for their horrible balance sheet, AKS is interesting.
Nevertheless, I am finding it extremely hard to chase stocks, even though I feel we move higher.
Gold and silver is due for a pullback. Instead of freaking the fuck out, I will use any decline as a chance to buy more. RGLD, an olde Senator Gint fav, is of great interest to me.
My food and beverage theme is not ripe yet. The fruits are low hanging and they will be delicious when picked. But it’s not time for that trade to be put on yet.
NFLX is selling off, following THE COMMODITY KING, Dennis Gartman, announcing he is building a short position. Really? I will remain long.
This whole Berlusconi resignation rally is fucking retarded. Mussolini isn’t going anywhere. This is NOT a reason to chase stocks.
In summary, today is a good day to eat a sandwich and do nothing. Perhaps tomorrow will prove to be a more fruitful day.
If you enjoy the content at iBankCoin, please follow us on Twitter
A gnutella sandwich would be nice this afternoon.
Is it just me or Simon Hobbs really bearish here? He is afraid this “rally” is a bull-trap.
I’ll bet he is short bank stocks.
Bunga Bunga means buy you eejit
People forget about the Chirac investigation too. Then one can go down a laundry list of European leaders being framed and / or deposed.
The real question is who is purposefully causing the millieu?
Notice that American’s DOJ and newly placed S.Ct. Justices fail to uphold the letter of the USC or CFR’s and commandeer local officials, even BLM wardens now.
From cities, most IBC readers would be remiss to appeciate what this means. Sad to say.
Notice what region of the world has “no problems.”
The setup only worsens. A bullish market?
Something tells me the worst is about to occur.
Also, gold pull back, $SLV will increase by at least $ 2 this week.
Finally, both PM’s will sky rocket within a quarter of two b/c of political volatility.
You’ve been Psy-OP’ed. Be careful. They’re going to get you, and you won’t even know they did.
GOOG, CREE, LULU, IMAX,
Thoughts on NUAN?
How about NTWK. Is a penny stock but looks promising as it has reported a profit (for the first time in a long time).
FIO, LULU, PSMT
lulu looks good
IYR breaking out to upside….
\There’s a big asteroid bearing down on Earth. It’s the size of an aircraft carrier. B e very afraid. Vandenberg AFB launched a rocket.
How will NFLX service its debts? Dennis is betting on NFLX insolvency.
http://www.youtube.com/watch?v=e2k0PYlXCMk
basking in 52 week high glory….. Italy, Greece and whatever other fkd up European country that wants to step up has no trump card to play against the American printing press.
Didn’t the V.King say that LMLP was going to 2.60 the other day?
Yes I did…
Great call dude.
Fuck you and don’t call me dude.
Also when are you going to tell all of your fans what you have planned for 11-11-11…
Developing
Something smells.
Gold and chips sell off on weaker dollar.
Not supposed to happen.
Any thoughts on MRGE? They just announced 33% revenue growth and margin expansion of almost 400 bps. The EHR industry is in secular growth mode due to Obamacare-“less”. It fits your safety theme kinda like the food and beverage sector. MRGE’s stock will spit in the face of fucktards like Berlusconi and Popen-oh who gives a fuck.
How do you recommend buying gold – in the form of gld, auy, gss, ngd? or directly?