Some stocks are in a world of their own.
Look at GME.
Despite the weak consumer and rich valuation, the stock keeps going higher. Also, it is widely believed that gaming is resistant to economic slow downs.
Fund managers can’t get enough of the stock.
I can spit out a quick list of 52 week highs, but why bother?
Plus anyway, I’m too busy eating eggs with hashbrowns, than to go dig up meaningless data for a group of fucktards.
Just know, when stocks get “annointed” by wall street, they tend to bounce back faster than others, post market correction.
That’s why “The Fly” is not trying to get “cute” or “fancy” with his recent picks. He’s falling back on what has worked in the past, mainly because it’s the end of the year and nobody gives a shit about fundamentals.
It’s all about getting drunk, while throwing heavy hand tools at your trader/servant.
As for today’s trading:
Thus far it looks like we are setting up for a minor pullback, with chinese related names leading the way down. However, I would not sell short anything here. There is a better than average chance we will hit new highs, by year end.
Currently, there is weakness in many of the financials, with COF leading the pack of spastic retards.
For the most part, with the exception of AXP, the DOW looks solid.
Finally, looking for new ideas, I believe the internet advertising space is a good place to put money, ahead of the 2008 Presidential elections. As you know, there will be a “recockulous” amount of money spent on internet advertising, over the next 12 months.Without a doubt, both VCLK and OMTR will be in play.
NOTE: The MVIS CES run has begun.