The market will zig and zag till everyone has lost interest and is broke; cease participation or face death from over trading. Wake up late, take a bong rip, and get in the bath. If you turn on CNBC, keep it on mute and listen to something less caustic like ocean waves (I prefer pornographic…
Hot Stocks on StockTwits.com Amazon is a company I love and use, yet AMZN is poop. Bless Mr. Bezos, but until Kindle can be purchased by working stiffs, it’s a luxury in an age of frugality. CEG is an interesting HIGH RISK long. Look at that volume. FCX continues to prove that there is no…
A few market signs for the lost. The following precipitous graph is an example of the impact the financial crisis is having on the real economy. The BDI indicates how much shippers get paid for carrying freight. Due to the unwillingness of banks to write letters of credit for merchandise, shipping is mired in a…
Top stocks on StockTwits.com DUG doesn’t look ready to rise. I’d rather be long DIG. F is headed for nationalization or something equally disastrous for equity holders. It may double on news of Henry Ford being reanimated for a LBO. Hooray, FLR is establishing an uptrend. Needs a pullback. GE is a financial, mired in…
Apple gets plenty of talk on StockTwits.com Short this dog. Looks like a good short to cover at 55 with a nice close stop ~90. This is the trickiest of the bunch. I suspect it will move higher due to the credit crisis, but I do have a firm belief in China’s fundamental growth story….
My Internet was down all day, no trading, no shorting, nothing. I swear there is a conspiracy afoot to prevent me from trading on these awesome days. I missed the Geithner rally a few weeks back under the same circumstances. Anyhow, the markets look ready to churn lower now that volume has come back in….