The banks are up too much, too quickly. I am selling out of all my banking plays, with the exception of [[LAZ]]. In addition, I will redouble my efforts betting against the morons at [[LEH]]. And, just to fuck with Ducati, I will triple my [[SKF]] position.
Aside from that, I am looking to milk a few pesos from [[NILE]]. The company is due to report earnings tomorrow. Honestly, being long the stock into earnings scares the devil out of me. I want to pare down my position prior.
Long [[FXP]] and [[FMCN]] makes sense to me. And, long [[REW]] and [[NVDA]] seems like a winner. By the way, NVDA is due to report numbers this week. Scary.
At the moment, money is coming out of tech/financials and going back into “ag plays,” much to my chagrin. Oh Lord I despise the shares of [[POT]]. My short position is very small, so do not think I am worried—because I’m not.
Nonetheless, I will be patient.
Top picks: SKF, FMCN
UPDATE: ISM data showed growth. Full steam ahead.Comments »