Chinese burrito stocks are leading the charge. I’m not particularly sure where it’s leading us, perhaps into an abyss; but they’re going nonetheless. CSUN, YGE, BORN, GOMO: the country who perfected accounting irregularities are gifting us with cheap wares and even cheaper stocks to gun higher; at least they’re cheap on paper, of course.
Some of you boys and girls are probably wondering “why isn’t Fly worried about BALT trading down?” The answer is as simple as the question. See, I don’t think BALT will trade to $10; I know it will. Any discount in the shares before that destiny is fulfilled is a potential buying opportunity for yours truly. I’ve become “zen” with the machinations of the market, ignoring crafty men with hooked noses because it’s an easier way to live.
I like LITB and SHLD for the kill, over the next day or so. I don’t expect to make any big changes and I certainly will not be buying any TWTR on this dip. For now, I am sitting firm, waiting for my hand to work, enjoying the scenary.
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It’s silly season.
Selling (tax) pressure is lifting off the losers of 2013 and I suspect the first couple of days of 2014 will see “locked in” selling of the 2013 winners (and thus taxes for the most part won’t need to be paid until 2015).
I like woofer etf loser GDXJ for a nice bounce & have been buying since last Mon. and will sell tomorrow in PM).