For the faint of heart, this is where you take money off the table. The market is not running on cocaine yet, just an oversold bounce. There is optimism based around ideas, but nothing real–yet. As for me, I am holding until higher prices. I am positioned for Chinese easing and God damn it I will get it.
Aside from The Fuckbook, everything is up. If you insist on buying into strength, look for names that are down more than 20% over the past three months with % of shares sold short over 20%. Buy on momentum and pray to the Gods for a squeeze.
My top picks on Chinese easing are TEX, MTW and CLF. Other names worth buying are TCK, FCX and FLS.
Contrary to what you probably expected from me today, on a +150 upswing, I am not boastful. I graciously accept today’s respite and tip my hat to my robot overlords for helping me remain solvent. Should we continue to spread our wings here, I will fire my rail guns at all of you fuckers who were calling for calamity.
BEWARE.
If you enjoy the content at iBankCoin, please follow us on Twitter
$YELP looks to have put in a bottom with that hammer the past 2 days!
The only hammer I know of is the one that landed on my nut sack.
For the first time, first
Congratulations. Nice going.
BTW, what else besides trading are you a novice at? Counting?
Cheers!
Well, i need crude(WTI) to kiss 90 again, in order to have any sort of decent respite. I am skeptical that it will, but then that means it might.
I will hold through next week and hope it does.
“At 2:00 this afternoon the Fed’s beige Book will be released. Always gets attention, the Book is used at the FOMC meeting in two weeks. Tomorrow Fed chief Bernanke will testify at the Joint Economic Committee in Congress. Markets will look ahead to his testimony and likely will not see a lot of change today in the bond market.
Both stocks and bonds are continuing their corrections to over extended levels; stock indexes were very oversold while the bond and mortgage markets equally overbought. There isn’t any major changes in the overall sentiment, just consolidating and waiting for news out of Europe. Greece elections on the 17th and Spain’s increasing bank problems. No progress in Europe, a lot of meetings but no consensus on what to do to keep the EU together and come to any plan to deal with growing debt issues. The stock market remains bearish and the bond and mortgage markets bullish.
After a little two way trade in the bond market early this morning, the 10 yr and mortgages are weakening as stock indexes continue to rally. In the U.S., Federal Reserve Bank of Atlanta President Dennis Lockhart said extending Operation Twist, the program to lengthen maturities of debt on the central bank’s balance sheet, is an “option on the table.” “There is capacity to do more, so it is an option on the table,” he remarked. “
If the Chinese do not solve their problem of human and bovine waste disposal there shall be a plague come upon them that will destroy their economy.
Life is short!
Drink the good wine first!
CPST???
A successful man is one who can lay a firm foundation with the bricks others have thrown at him.
12-12-12
Are you making this stuff up?
… who knows but I’m jottin’ THAT one down !
.
TRIP held up very well through the SOCIAL MEDIA HORROR prequel, and is up huge today. Does this “mean anything” long term?
What? No FB?
Looks like GRPN wont have to put the lotion on its skin anymore.
HAHA JK MOTHERFU**ERS SOCIAL MEDIA IS DEAD.
I’m all in. Let’s do this.
BAC short candidate ~8.
(cover like a mother if the columbian cuckoo dust is unleashed.)
Adding a bit to SHORT position here ! fwiw
.
SELL tha BUMPS
BUY tha DUMPS
Don’t Diddle In tha Middle !!!
.
Sage advice from the Fly: Eat a sandwich today and get ready to pounce.
Up 2.25% midday, sold 1/3 of my PAAS.
IF you’re wrong do you think maybe you could set up one of those little Buddha shrines with lemons, oranges, and a bit of incense?