Wednesday, July 6, 2011

07/06/11 You know you could have been a broom



The way the market sweeps traders off their feet.

50/50 odds we hit new highs by Friday's close.
Posted by at

86 comments:

  1. MarkWJuly 6, 2011 at 3:52 PM

    What new high? Recent?

    ReplyDelete
  2. AnonymousJuly 6, 2011 at 4:58 PM

    I'm can't believe I'm growing more cautious / bearish for whatever reason...my account just hit an all time high today on the back of a nice up day in NLS and COOL, yet I just get a feeling that things are amiss. I look around and see way too much froth in high fliers, valuations that are just ridiculous, CDS spreads getting blown out across the board in Europe, soft econ data in Europe (retail sales were down I think 1.0% across all of Europe), tightening in China, and state government shutdowns in the US yet the equity markets and my balances continue to grow. Granted there are some good things, like great corporate earnings, lower oil, high levels of cash on some of the tech companies, yet something smells fishy here. I suspect I will be going to cash to sit this out and possibly play a few things from the short side just for a tester.

    ReplyDelete
  3. illiniJuly 6, 2011 at 5:15 PM

    Here is a list of stocks compared from Oct 2005 to present sorted by worst performers from top down (put a minus sign in front of gain/%gain for all of these):


    SYMBOL MKT VALUE PRICE PAID GAIN & % GAIN 52-WK RANGE SHARES


    EK $2.82 23.51 $20.69 88.01% 2.75 5.95 1

    LIZ $5.12 38.0998 $32.98 86.56% 4.07 7.90 1

    FCEL $1.41 9.97 $8.56 85.86% 0.98 2.72 1

    LCAV $5.29 34.7 $29.41 84.76% 3.94 7.88 1

    BAC $10.74 41.9599 $31.22 74.40% 10.40 15.72 1

    BSX $7.16 23.7999 $16.64 69.92% 5.04 7.96 1

    SLM $16.81 53.08 $36.27 68.33% 10.24 17.11 1

    PLUG $2.26 6.59 $4.33 65.71% 1.91 10.70 1

    FITB $12.65 35.7 $23.05 64.57% 10.64 15.75 1

    JNY $10.87 27.74 $16.87 60.81% 10.83 20.82 1

    BEBE $6.74 17.15 $10.41 60.70% 5.36 7.32 1

    GERN $3.96 10.06 $6.10 60.64% 3.91 6.40 1

    LCUT $11.72 25.8099 $14.09 54.59% 11.14 16.40 1

    IRIS $10.04 20.7 $10.66 51.50% 7.26 11.24 1

    DELL $16.91 32.59 $15.68 48.11% 11.34 17.15 1

    EEFT $15.84 29.5499 $13.71 46.40% 13.23 20.25 1

    SDIX $2.14 3.95 $1.81 45.82% 1.52 3.13 1

    THC $6.48 10.52 $4.04 38.40% 3.92 7.70 1

    AA $16.24 22.95 $6.71 29.24% 9.92 18.47 1

    FII $24.05 32.7099 $8.66 26.47% 20.01 28.57 1

    FTE $20.59 27.85 $7.26 26.07% 18.45 24.60 1

    AMGN $57.70 78.01 $20.31 26.04% 50.26 61.53 1

    APOL $47.47 62.9 $15.43 24.53% 33.75 53.78 1

    MCO $39.46 51.02 $11.56 22.66% 19.66 39.65 1

    XRX $10.57 13.57 $3.00 22.11% 7.89 12.08 1

    GIS $37.30 47.86 $10.56 22.06% 33.11 40.00 1

    FO $64.50 78.51 $14.01 17.84% 38.87 65.48 1

    PAYX $31.34 37.4599 $6.12 16.34% 24.65 33.91 1

    PFE $20.78 24.7999 $4.02 16.21% 14.20 21.28 1

    ADSK $39.37 44.81 $5.44 12.14% 23.64 46.15 1

    CSCO $15.56 17.5 $1.94 11.09% 14.78 26.00 1

    STZ $43.26 24.2099 $5.16 10.66% 15.56 23.19 2

    TM $84.27 91 $6.73 7.40% 67.56 93.90 1

    C $42.01 45.27 $3.26 7.20% 36.20 51.50 1

    UNH $53.13 56.45 $3.32 5.88% 28.80 53.27 1

    INTC $22.75 24.07 $1.32 5.48% 17.60 23.96 1

    TR $29.62 31.09 $1.47 4.73% 23.20 29.98 1

    ZMH $64.55 66.83 $2.28 3.41% 46.27 69.93 1

    WFC $56.24 28.91 $1.58 2.73% 23.02 34.25 2

    IRM $35.00 35.91 $0.91 2.53% 19.93 35.50 1

    SYY $31.34 31.45 $0.11 0.35% 27.13 32.76 1

    FWRD $35.69 35.73 $0.04 0.11% 22.39 35.69

    ReplyDelete
  4. MarkWJuly 6, 2011 at 5:16 PM

    Good job with COOL TOF. I kinda agree with your comments above, thus the cash I'm sitting on.

    ReplyDelete
  5. MarkWJuly 6, 2011 at 5:21 PM

    Illini- Anything significant about Oct. 2005?

    ReplyDelete
  6. illiniJuly 6, 2011 at 5:22 PM

    DRIV $33.15 32.79 $0.36 1.10% 23.22 39.85 1

    Here are the best performers with the very best being at bottom:


    AVP $27.42 26.7199 $0.70 2.62% 25.51 36.20 1

    TLT $94.32 91.82 $2.50 2.72% 88.14 109.34 1

    SEE $47.52 23.01 $1.50 3.26% 19.73 28.77 2

    FRX $39.02 37.5998 $1.42 3.78% 24.17 39.73 1

    PIR $11.93 11.42 $0.51 4.47% 5.67 12.75 1

    CAG $25.99 24.37 $1.62 6.65% 21.02 26.00 1

    MSFT $26.33 24.67 $1.66 6.73% 23.32 29.46 1

    JNJ $67.55 62.25 $5.30 8.51% 56.86 67.75 1

    GM $31.19 28.6299 $2.56 8.94% 29.17 39.48 1

    KSS $52.09 47.5499 $4.54 9.55% 44.07 58.00 1

    Y $334.83 304.35 $30.48 10.01% 283.40 342.71 1

    UPS $74.50 66.9 $7.60 11.36% 57.28 77.00 1

    WSC $384.50 344 $40.50 11.77% 0.00 394.00 1

    SPY $133.97 119.6297 $14.34 11.99% 103.02 137.18 1

    PG $64.70 57.11 $7.59 13.29% 59.13 67.72 1

    PCAR $51.65 44 $7.65 17.39% 38.50 58.75 1

    KFT $35.85 30.08 $5.77 19.18% 28.21 35.87 1

    MYL $24.75 20.57 $4.18 20.32% 16.55 25.46 1

    JPM $40.56 33.45 $7.11 21.26% 35.55 48.36 1

    MKL $399.12 329.0498 $70.07 21.29% 320.71 430.26 1

    DIA $126.09 103.22 $22.87 22.16% 97.50 128.63 1

    PEP $70.17 57.25 $12.92 22.57% 61.27 71.89 1

    IDXX $79.52 64.75 $14.77 22.81% 54.80 82.91 1

    WMT $53.72 43.5 $10.22 23.49% 48.16 57.90 1

    EXEL $9.19 7.4 $1.79 24.26% 2.86 12.82 1

    ADP $54.00 43.04 $10.96 25.46% 38.41 55.12 1

    LG $38.54 30.7 $7.84 25.54% 32.50 39.99 1

    BMY $29.22 23.17 $6.05 26.11% 24.26 29.54 1

    LEG $24.69 19.51 $5.18 26.55% 18.83 26.95 1

    QCOM $58.70 45.15 $13.55 30.01% 32.44 59.84 1

    XLNX $36.52 27.9 $8.62 30.90% 23.47 36.72 1

    MRK $35.53 26.8899 $8.64 32.13% 31.06 37.68 1

    MMM $97.24 71.1698 $26.07 36.63% 77.93 97.95 1

    BUD $57.96 41.7999 $16.16 38.66% 49.96 64.77 1

    DEO $83.36 59.2999 $24.06 40.57% 63.63 84.74 1

    HAE $67.30 47.3498 $19.95 42.13% 50.50 70.40 1

    FISV $64.75 45.3899 $19.36 42.65% 44.85 64.99 1

    IBB $108.69 75.48 $33.21 44.00% 74.50 110.02 1

    ITW $116.24 40.055 $36.13 45.10% 40.33 58.79 2

    F $13.96 9.42 $4.54 48.20% 10.17 18.97 1

    IACI $38.59 25.74 $12.85 49.92% 21.92 39.39 1

    KO $68.53 42.6199 $25.91 60.79% 50.30 68.79 1

    UL $32.76 20.24 $12.52 61.86% 25.90 33.06 1

    RNR $69.47 42.86 $26.61 62.09% 54.75 73.93 1

    JKHY $30.75 18.9599 $11.79 62.18% 23.34 34.17 1

    SRCL $92.50 55.25 $37.25 67.42% 57.00 95.71 1

    CL $88.42 52.41 $36.01 68.71% 73.12 88.42 1

    CVX $105.08 62.04 $43.04 69.37% 67.49 109.94 1

    LUK $71.06 20.865 $29.33 70.29% 19.02 39.14 2

    DVA $88.50 50.09 $38.41 76.68% 56.58 89.58 1

    TYC $49.70 27.43 $22.27 81.19% 34.92 53.38 1

    RS $97.72 25.5599 $46.60 91.16% 34.58 60.60 2

    TMO $130.50 30.2549 $69.99 115.67% 41.74 65.82 2

    KMX $67.70 14.88 $37.94 127.49% 18.62 37.02 2

    HUBG $76.86 16.705 $43.45 130.05% 25.47 40.86 2

    EWZ $73.24 31.2099 $42.03 134.67% 64.05 81.77 1

    SANM $9.87 4.08 $5.79 141.91% 8.92 17.32 1

    IDCC $45.65 18.79 $26.86 142.95% 24.14 58.64 1

    ACN $62.10 24.95 $37.15 148.90% 36.05 62.16 1

    ORCL $33.21 12.17 $21.04 172.88% 21.66 36.50 1

    WRLD $67.37 24.58 $42.79 174.08% 33.30 68.90 1

    DV $60.75 19.52 $41.23 211.22% 36.34 62.31 1

    GLD $148.91 46.3699 $102.54 221.14% 113.08 153.61 1

    AZO $297.75 81.36 $216.39 265.97% 194.10 298.80 1

    AMZN $214.19 44.49 $169.70 381.43% 105.80 214.45

    ReplyDelete
  7. MarkWJuly 6, 2011 at 5:33 PM

    2nd- Your house isn't on fire right?

    ReplyDelete
  8. illiniJuly 6, 2011 at 5:33 PM

    No, that was merely the date I started the "Performance " portfolio on Yahoo using a few names I wanted to track for reference or just plain curiosity.

    There were some that disappeared: (delisting/buyouts)

    No such ticker symbol: MATK Try Symbol Lookup

    QQQQ is no longer valid. It has changed to QQQ.

    No such ticker symbol: HEW Try Symbol Lookup

    No such ticker symbol: VMSI Try Symbol Lookup

    No such ticker symbol: LFGTry Symbol Lookup

    No such ticker symbol: DCGN Try Symbol Lookup

    No such ticker symbol: FNM Try Symbol Lookup

    No such ticker symbol: TALXTry Symbol Lookup

    No such ticker symbol: MLNM Try Symbol Lookup

    No such ticker symbol: FRE Try Symbol Lookup

    No such ticker symbol: LSCP Try Symbol Lookup

    No such ticker symbol: NCC Try Symbol Lookup

    No such ticker symbol: RX Try Symbol Lookup

    ReplyDelete
  9. 2nd_aveJuly 6, 2011 at 5:37 PM

    Mark- New YTD highs.

    Mark/tof- The bearish outlook will hurt you.

    ReplyDelete
  10. AnonymousJuly 6, 2011 at 6:12 PM

    2nd > maybe...i'd say I'm more cautious than bullish, given the enormous run we have had since 09 and what I see is a trading range for a little while longer, with us being at the top end of the range. If we break above 1,350 then i agree.

    ReplyDelete
  11. AnonymousJuly 6, 2011 at 6:19 PM

    sorry cautious than bearish

    ReplyDelete
  12. MarkWJuly 6, 2011 at 6:20 PM

    TOF- That's too funny. I was just about to post my 'cautious' feel.

    ReplyDelete
  13. ChickenpookieJuly 6, 2011 at 6:21 PM

    illini - Great list, I'm gonna be looking it over... ;)

    ReplyDelete
  14. ChickenpookieJuly 6, 2011 at 6:24 PM

    AZO - One of the ones I had considered buying early on the premise that more folks would be repairing their vehicles as opposed to buying new...

    ReplyDelete
  15. ChickenpookieJuly 6, 2011 at 6:26 PM

    TRW - Speaking of autoparts, TRW's P/E and P/B seem quite reasonable.

    ReplyDelete
  16. illiniJuly 6, 2011 at 6:44 PM

    Here is another performance portfolio that pre-dates the other, probably 98-99. Stocks were taken from a newsletter "The Chartist" which I used to read in the public library in St. Louis County, MO. In both of these ports there may be inaccuracies due to having missed a split, stock dividend, etc. If there was a split(s) it is accounted for by showing the number of shares as 2,3, or even 4 in the case of yahoo and the market value goes up accordingly, up from the 1 original share .


    SYMBOL MKT VALUE PRICE PAID GAIN & % GAIN 52-WK RANGE SHARES

    BIIB $215.78 36.6875 $142.40 194.08% 48.18 108.10 2

    IBM $355.42 73 $209.42 143.44% 122.28 177.77 2

    BDX $89.28 41.125 $48.15 117.09% 66.47 89.73 1

    WAG $86.76 24.5 $37.76 77.06% 26.50 47.11 2

    CVS $75.52 22.2188 $31.08 69.95% 26.84 39.50 2

    JNJ $135.10 40.4688 $54.16 66.92% 56.86 67.75 2

    CMCSK $73.65 14.9583 $28.78 64.12% 15.71 25.40 3

    WMT $107.44 33.875 $39.69 58.58% 48.16 57.90 2

    ABT $53.28 46.0625 $7.22 15.67% 44.59 54.24 1

    SVU - 54.375 - - 7.06 12.45 -

    ^DJI - - - - 9,716.38 12,928.50 -

    No such ticker symbol: PE Try Symbol Lookup

    No such ticker symbol: FRE Try Symbol Lookup

    No such ticker symbol: SGP Try Symbol Lookup

    No such ticker symbol: AUD Try Symbol Lookup

    No such ticker symbol: BLS Try Symbol Lookup

    AIT $36.16 51.9375 $15.78 30.38% 24.47 36.19 1

    MRK $71.06 69.25 $67.44 48.69% 31.06 37.68 2

    SWY $23.00 48.375 $25.38 52.45% 18.73 25.43 1

    YHOO $62.88 36.5938 $83.50 57.04% 12.94 18.84 4

    Total $1,385.33 $406.58 41.54%

    ReplyDelete
  17. ChickenpookieJuly 6, 2011 at 6:44 PM

    PAL - Crossing the 50SMA here...

    ReplyDelete
  18. illiniJuly 6, 2011 at 7:07 PM

    You guys see this article on the Bakken Shale?

    http://seekingalpha.com/article/278151-3-leading-companies-in-the-bakken

    ReplyDelete
  19. MarkWJuly 6, 2011 at 7:27 PM

    Saw that, thanks Illini. This is kinda a fluff piece on BEXP, but their collar hedge spread is interesting.

    http://seekingalpha.com/article/278234-bud-brigham-of-brigham-exploration-still-early-innings?source=yahoo

    ReplyDelete
  20. illiniJuly 6, 2011 at 7:57 PM

    Mark, what about those other two companies big in the Bakken?

    ReplyDelete
  21. ChickenpookieJuly 6, 2011 at 9:24 PM

    CMI - Crossing the 50SMA

    ReplyDelete
  22. AnonymousJuly 6, 2011 at 10:23 PM

    Looks like a gap up tomorrow. YTD highs by Friday might just be a nice call.

    ReplyDelete
  23. ChickenpookieJuly 6, 2011 at 10:35 PM

    China - Although we were told they tightened, Shanghai's green...

    ReplyDelete
  24. BB CanadaJuly 7, 2011 at 6:19 AM

    TOF,

    where do you get quotes for CDS spreads?

    Thanks.

    ReplyDelete
  25. BB CanadaJuly 7, 2011 at 6:22 AM

    Little bit of good news an jobs and see the futures jump.

    Still believe we get some any good job news this year and we end up +20%.

    Buffett Interview on CNBC this morning. Pretty positive that things will work out for the better, but never talked about stock valuations - would have liked to heard something on this.

    ReplyDelete
  26. illiniJuly 7, 2011 at 6:23 AM

    Quote of the Day from BC:

    "Buy and hold? I don't think so."

    ReplyDelete
  27. 2nd_aveJuly 7, 2011 at 6:40 AM

    We should see 'good news' on non-farm payrolls tomorrow. That would be enough to guarantee YTD highs.

    ReplyDelete
  28. ChickenpookieJuly 7, 2011 at 6:41 AM

    Here's the message I saw on my brokers page while logging in:

    "Stocks are directionless today with the NYSE Advance/Decline ratio nearly even. The benchmark 10-year Treasury Bond is up today, driving its yield down to 3.16%."

    ReplyDelete
  29. ChickenpookieJuly 7, 2011 at 6:42 AM

    Jobs - I wouldn't be surprised to see some improvement, taking the index' higher. Europe might still be a big drag, or just bear fodder?

    ReplyDelete
  30. ChickenpookieJuly 7, 2011 at 6:45 AM

    GMO - I'll be impressed if some day it can recapture $4.50 and hold it.

    ReplyDelete
  31. ChickenpookieJuly 7, 2011 at 7:08 AM

    BC - It's funny, yesterday he said governments like the US can't do much to turn things around while today he says something a bit different about intervention creating an impact.

    I think they could accomplish something if their priorities were in line with the public's best interest.

    ReplyDelete
  32. MarkWJuly 7, 2011 at 7:22 AM

    Not much for me to do here. Thought about a little short trade, but decided not to.

    ReplyDelete
  33. AnonymousJuly 7, 2011 at 7:24 AM

    Wow what a market. 2nd > Thank you for talking me off the bear stoop. However, I took this ramp higher this morning to make a bit of a portfolio adjustment. I sold 1/3 of my COOL position at $3.48....contemplating taking a large buy and hold position in DECK. I've been looking at this company for a while and the financials are just awesome. The growth is insane yet they're trading at a 30% discount to CROX which I consider to be a far less stable company. In the past 5 years they have quintupled earnings.

    ReplyDelete
  34. ChickenpookieJuly 7, 2011 at 7:42 AM

    "Oil rises to above $98 after U.S. crude supply drop"

    Good thing they borrowed from the future by opening the strategic supply reserve!

    ReplyDelete
  35. AnonymousJuly 7, 2011 at 7:50 AM

    Grabbed some OIH on the dip down to $155 just now. Small position but it sure looks like it's ready to go higher.

    ReplyDelete
  36. MarkWJuly 7, 2011 at 7:57 AM

    STEC kinda looks interesting.

    ReplyDelete
  37. AnonymousJuly 7, 2011 at 7:59 AM

    OIH looks great if it can break $156...might grab a few calls if it does.

    ReplyDelete
  38. AnonymousJuly 7, 2011 at 8:00 AM

    Mark > good call yeah STEC does look good.

    ReplyDelete
  39. AnonymousJuly 7, 2011 at 8:02 AM

    jeez someone keeps dumping big stock in OIH today. if it can keep withstanding these drops and if it can power back above $156 I think OIH is a great buy

    ReplyDelete
  40. MarkWJuly 7, 2011 at 8:03 AM

    OIH- That was on the inventory report.

    ReplyDelete
  41. MarkWJuly 7, 2011 at 8:09 AM

    FCX- Man, what a grind higher.

    ReplyDelete
  42. MarkWJuly 7, 2011 at 8:10 AM

    WTF weren't we buying FCX around 47? How's in charge of that one?!

    ReplyDelete
  43. AnonymousJuly 7, 2011 at 8:13 AM

    re-established original COOL position at $3.46. Gonna give this some time to play itself out.

    ReplyDelete
  44. ChickenpookieJuly 7, 2011 at 8:15 AM

    Too bad I'm nearly 50% in cash...

    ReplyDelete
  45. AnonymousJuly 7, 2011 at 8:16 AM

    Mark > weird how the /CL would ramp higher and OIH would ramp lower. Is that normal?

    ReplyDelete
  46. ChickenpookieJuly 7, 2011 at 8:46 AM

    FCX - Didn't someone mention the octabottom once or twice?

    ReplyDelete
  47. AnonymousJuly 7, 2011 at 8:47 AM

    Added to OIH at $154.

    ReplyDelete
  48. ChickenpookieJuly 7, 2011 at 8:52 AM

    $USD - 59.97 double top target remains valid, FWIW.

    ReplyDelete
  49. illiniJuly 7, 2011 at 8:53 AM

    Made 2 trades to capture profits:

    CEF @ $21.24 vs paid $20.60 2 weeks ago,

    MITK @ $7.78 vs paid $ 6.17 a month ago. Still holding MITK which was bot at $6.02. Stock is strong last couple days but volatile.

    ReplyDelete
  50. ChickenpookieJuly 7, 2011 at 8:56 AM

    $USD - Shorter term 77.10 target - If 73.89 is breached to the downside, the ABC 77.10 upside target is invalidated.

    ReplyDelete
  51. ChickenpookieJuly 7, 2011 at 9:00 AM

    Charts are plagued with upside gaps, they're almost everywhere I look...

    ReplyDelete
  52. ChickenpookieJuly 7, 2011 at 9:10 AM

    I get it now, it's ignore the gap month. Need to write a song about it...

    ReplyDelete
  53. illiniJuly 7, 2011 at 9:11 AM

    Don't see much in STEC or FCX unless they close above that top rail shown on FinViz. Not seeing anything that's good for me to buy. Maybe KCLI.

    ReplyDelete
  54. AnonymousJuly 7, 2011 at 9:15 AM

    OIH coming back again...let's see if she can close above $156...if so I might pick up a couple of options.

    ReplyDelete
  55. illiniJuly 7, 2011 at 9:17 AM

    How about a song about BEXP with the often repeated hook lyric " Big in the Bakken"? It's kind of catchy.

    ReplyDelete
  56. illiniJuly 7, 2011 at 9:26 AM

    I'm back to 67% cash and feeling kind of good about it with the major indices in oversold territory and my algo saying the gain/risk is poor in all three time frames for new positions.

    ReplyDelete
  57. illiniJuly 7, 2011 at 9:29 AM

    Oversold not, overbought yes.

    ReplyDelete
  58. AnonymousJuly 7, 2011 at 9:41 AM

    quick drop in COOL got bought right back up. Should have waited for this before going back to full position....oh well. They're shaking the tree.

    ReplyDelete
  59. BB CanadaJuly 7, 2011 at 9:54 AM

    teamonfuego,

    wanted to ask again in case you missed my question before.

    Tried to find pricing on CDS spreads, but haven't had much luck - where do you get these?

    Thanks

    ReplyDelete
  60. ChickenpookieJuly 7, 2011 at 9:55 AM

    "Big in the Bakken" Written by Paul Bunyan, illustrated by James MacGillivray and Jonathan Swift, including special vocals by Lemuel Gulliver and the Lilliputians. ;)

    ReplyDelete
  61. ChickenpookieJuly 7, 2011 at 9:58 AM

    Keeps on climbing! Holy ox carts, bat dung!

    ReplyDelete
  62. IgorJuly 7, 2011 at 10:04 AM

    Somebody stated that markets tend to be sleepy in summer. Anything but sleepy today.... Bulls have the ball.

    ReplyDelete
  63. AnonymousJuly 7, 2011 at 10:10 AM

    Hey BB > I used to get it from markit.com I think but now I just google CDS Sovereign Spreads and check the news.

    ReplyDelete
  64. illiniJuly 7, 2011 at 10:21 AM

    FST - Forest Oil down big today on earnings/outlook/downgrades. Natty producer.

    ReplyDelete
  65. AnonymousJuly 7, 2011 at 10:28 AM

    Long 10 x OIH July $155 calls at $2.7

    ReplyDelete
  66. AnonymousJuly 7, 2011 at 11:23 AM

    If we get a housing rebound, what would be the most positively impacted non homebuilder? I'm thinking companies like LPX, USG, etc...would love to see your guys list.

    ReplyDelete
  67. MarkWJuly 7, 2011 at 11:46 AM

    MGIC/AXAS :(

    ReplyDelete
  68. AnonymousJuly 7, 2011 at 11:55 AM

    out of my COOL position at $3.35 to $3.38. Now I just have some NLS and am going to look for housing related companies that will benefit from a housing recovery / jobs recovery in the US, given Uncle Warren's comments on CNBC this morning.

    ReplyDelete
  69. MarkWJuly 7, 2011 at 12:02 PM

    TOF- WY.

    ReplyDelete
  70. MarkWJuly 7, 2011 at 12:07 PM

    SSD

    ReplyDelete
  71. IgorJuly 7, 2011 at 12:10 PM

    TF - Check out the following article on home builders mentions a few names:

    http://community.tradeking.com/members/tk-all-star/blogs/84179-time-to-get-into-housing-stocks-on-the-ground-floor

    ReplyDelete
  72. MarkWJuly 7, 2011 at 12:13 PM

    WOSYY

    ReplyDelete
  73. 2nd_aveJuly 7, 2011 at 12:36 PM

    What were Uncle Warren's comments this morning?

    ReplyDelete
  74. AnonymousJuly 7, 2011 at 12:38 PM

    thanks guys? do you guys follow any smaller cap companies that would stand to benefit?

    ReplyDelete
  75. AnonymousJuly 7, 2011 at 12:39 PM

    2nd > Buffett basically just said that things continue to improve across all of their businesses and that he thinks housing will rebound stronger than people expect possibly by the end of this year.

    ReplyDelete
  76. 2nd_aveJuly 7, 2011 at 12:40 PM

    I like this rally. Three related reasons why:

    (a) Stealth. Low volume. Plenty of cash left to chase. Speaking of which:
    (b) 'Overbought.' A load of crap, really. Overbought on low volume just means a ton of chasers left back at the station.
    (c) Net outflows from funds every week for the past several.

    Add it all up, and you have J6P stuck holding cash again while the market climbs.

    ReplyDelete
  77. KyleJuly 7, 2011 at 12:40 PM

    2nd -- http://www.cnbc.com/id/19206666

    ReplyDelete
  78. 2nd_aveJuly 7, 2011 at 12:45 PM

    That's awesome, Kyle. The power of the internet is just amazing. Here we are, several guys scattered across the country, and we're able to talk with each other and link to sound bites in real time.

    ReplyDelete
  79. MarkWJuly 7, 2011 at 12:52 PM

    I like STEC right here. 2000 @ 18.02.

    ReplyDelete
  80. KyleJuly 7, 2011 at 12:53 PM

    2nd - It truly is incredible how much information there is on-line and how quickly new info is up-loaded...

    I just exited a short MCP trade WAY, WAY Too Early...DAMN...:-(...Look at that SOB nose-dive...

    ReplyDelete
  81. MarkWJuly 7, 2011 at 12:55 PM

    SLW- Strange.

    ReplyDelete
  82. AnonymousJuly 7, 2011 at 1:01 PM

    Jeez look at these numbers for DECK:

    Sales:
    06: $304 Mn
    07: $449 Mn
    08: $689 Mn
    09: $813 Mn
    10: $1.0 Mn

    EPS:
    06: $0.82
    07: $1.69
    08: $1.87
    09: $2.96
    10: $4.03

    ReplyDelete
  83. MarkWJuly 7, 2011 at 1:29 PM

    MOTR.

    ReplyDelete
  84. IgorJuly 7, 2011 at 2:24 PM

    Mark - what is strange about SLW? Still looking for a good entry point. Hoping for another selloff in metals.

    ReplyDelete
  85. AnonymousJuly 7, 2011 at 3:00 PM

    MITK is such a beast of a stock...it's making it hard for me to outrun it. I am currently about 1% above the return I would have had if I held on to my MITK shares....it just keeps going up day after day. I suspect I'm going to my chance to beat the return in the stock enough so that I can have some extra cash for any dip. Initially I was thinking it would top out at the $7 to $8 range until next quarter's earnings and possibly dip a little on fear of a miss, giving me the chance to enter at a discount....not sure that will happen but there is still another month to go til earnings.

    ReplyDelete
  86. 2nd_aveJuly 7, 2011 at 4:02 PM

    new post

    ReplyDelete

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