I have a few Comcast guys running about my house, fixing the appalling service they’ve been selling me for the last 6 months. Apparently, my internet connection is barely existent, according to them. My son has been complaining about it for months, as he droned on about the television playing shooter games. I’ve instructed them to “upgrade” my service to the very fastest speeds possible. Naturally, it won’t be as fast as some of our favorite HFT firms, connected directly into the trunklines of some of our favourite exchanges. But it will suffice.
I know Capesize shipping rates have been dropping, on a daily basis. But I need you to understand something about BALT. The majority of their tonnage is in Handysize and Supramax vessels. They own 9 of them, just two Capes.
Have a look at rates, over the past week,
As you can see, there is a divergence.
I’m not comfortable with my holdings, truth be told. I feel as if the market is about to take a vampire-esque bite from my neck. The only two stocks that are measuring up for me are JAZZ and AMBC. My thesis with AMBC is two fold. I like bankrupted companies. Secondly, with rates dropping again, housing related stocks are free to run rampant again.
I know the market has been good and the vast majority of you are elated to see your stupid account statements at new all-time highs. But this is too easy. It almost feels like a trap. Then again, I’ve been known to suffer from the angst of paranoia. Just today I was convinced that my IT guy, VINCENZO ILLUMINATI, purposely took iBC down because he felt “the people didn’t deserve it.”
Who would ever think such crazy thoughts?
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box chevy vs. new lexus. best of luck today.
Although the installation process and final result harkens back to the early days of cable, I love my FIOS service. Much better than Cablevision and noticeably more pleasing than Comcast…in terms of both programming and internet. Good luck.
Comcast sucks hinde tit. So glad to be rid of them a year ago in favor of ATT Uverse.
shouldn’t you be shorting this market, Mr. Livermore?
BALT for the win into earnings!!!
Are you holding JAZZ thur earnings?
ONVO Fly ONVO
“But this is too easy. It almost feels like a trap.”
Exactly. Since this is not a market based on fundamentals and instead, is acting on the whim of some crazy people, there is always the question as to if and when they decide to crash the market. I would think their (politicians) survival depends upon them keeping the game going so there should be no end in sight to higher indices but, on the other hand, there can be a lot of money made by hammering the market down a lot in a very short period of time. That would dispel the recovery myth which is another reason why I don’t think they ever will but acknowledging the risks and taking some degree of caution is wise.
Here you go FLY!
The first upgrade (of many more to come). GO BALT!
http://www.streetinsider.com/Analyst+Comments/UPDATE%3A+Imperial+Capital+Starts+Baltic+Trading+Limited+(BALT)+at+Outperform/8807270.html
if you owned GE here for your clients, how would you manage your position after the recent pop.
How long do you plan to hold HK?