Ok, this market is no longer just going higher. It is mugging the shorts of their money and their fucking lives. There is no rhyme or reason for this shit to keep spiraling higher, but it is. This brings me back to the go-go days of 2003, when the market bottomed out and catapulted 50% inside of a few short months. During that time, I made more money than God. However, if you recall, early 2004 offered early reservations to the cemetery, for those long semi’s. With that in mind, knowing this shit could end at any moment, I will continue to sell into this rally.
Early going the refiners are lifting off, led by Valero Energy Corporation [[VLO]] and Western Refining, Inc. [[WNR]] . Despite the market feeling slightly overbought, I like the action in DryShips Inc. [[DRYS]] and General Cable Corporation [[BGC]] .
On pullbacks, I will buy Spartech Corporation [[SEH]] , TEKELEC [[TKLC]] , Corning Incorporated [[GLW]] and [[RAX]]
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