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Gunning The January Effect
Now that various hedge fund managers are returning from their Bermuda and Aruba vacations, they are now looking at the horror of new highs in stocks. Most of them cashed out in mid December, now they have to consider whether or not to jump back in and chase these lotto tickets at higher prices.
Plenty of setups, too early to tell if they are going to be fakeouts or not. Here are a couple I grabbed this morning:
Despite oil's inability to break out to new highs, several fumble managers are not waiting around and are now frantically buying these "just in case"..
And where is Leo??
Oh, sorry, he's currently knee deep in booze and hookers this afternoon...
And what about $90 oil? I suppose that immediately transfers instant profits to the airlines, right?
LOL....
Hey, what can you say? People are in an outright panic to buy stocks.
What about bonds? Looks like they are buying those too. Maybe we'll get a 500% oversubscription on the next 10-yr. auction.
Just to show how wacky the tape is, check out the REITs....
Maybe they will turn all those empty shopping centers into soup kitchens for the homeless, all funded by the trillions in new "stimulus bonds" forthcoming...
Poor Meredith seems to have lost her touch....
The Vampire Squid marches on.....
Which stocks are they going to run tomorrow?? The ones that did nothing the last few days.
Probably these....
All they have to do is get Jack "The Tin Man" Welch on Squawk Box tomorrow morning...
Hey, get ready for the 2010 Sports Illustrated swimsuit issue.....
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LOL, always a pleasure reading this!
USB got gunned today, too, for no apparent reason. Up 2.5%. WTH?
Robo,
Your debauchery offends me - I don't drink in excess and haven't seen hookers since my pension fund days when investment banking, private equity and hedge fund salespeople came pitching their sales lines to me (lol).
How do you say "Houston, we got liftoff!" in Chinese?:
http://finance.yahoo.com/q/cq?d=v1&s=csiq,jaso,ldk,sol,solf,stp,tsl,yge
Remember the tech bubble? Cheap money + hedge fund leverage = BUBBLELICIOUS!
Don't put your crash helmets on too soon...but fasten your seatbelts and hold on for the ride of your life!!!
Leo,
Forget about learning Chinese, CSIQ took off because it announced plans for a 200MW manufacturing plant in Ontario. Nice to see some movement closer to home!
Meredith lost her touch? OMG
Not likely. Cramer hates Meredith to the point that his OCD has kicked in.
If I lived in this guy's State I would vote for him just because his daughters are BANGIN';
http://www.youtube.com/watch?v=QAmguPWesq0&feature=related
plus he wants to lower the cap gains rate;
http://www.youtube.com/watch?v=iddquwGpXM0
did anyone see RINO today during the last half hour? Ohh la la. and now ASPS is considered a growth company --- managing residential and commercial foreclosed properties. Who would have thought?
er, toucher.
The market continues to rise, no matter the news, because nobody has any reason nor need to sell. Individuals, who may well be out of work, are mostly out of the market anyway. Funds whose job it is to be long are happily long. Hedge fund investors have re-liquified enough so that they need not redeem, allowing the HF managers to pile on. IB Prop Desks can borrow at zero and bet the ranch, knowing that the gains accrue to the house and the losses to the taxpayer.
Thus, the path of least resistance is up, no matter how over valued, wildly optimistic, or outright foolish it might look to otherwise rational human beings. When it's Alice in Wonderland time, might as well eat the mushrooms.
Well put. I can't take it anymore. Never liked mushrooms especially the dried kind but mixed with some orange juice they went down ok.
The trick is to not chew, and swallow them like you're taking a shot... :)
#183369...Perfectly stated.
I love your posts, RoboTrader. ALways a great mix of insight, humor and hot chicks.
Speaking of hookers, check out LVS, despite the loss of Tiger Woods' business.
LVS has had an unbelievable run:
http://finance.yahoo.com/q/bc?s=LVS&t=1y&l=on&z=m&q=l&c=
Really got whacked hard early last year and came back strong.
Maybe we're chipping in NV when we deed California over to the Chinese.
Jeff (so sorry to see you go) Macke and Cramer were the biggest dickheads ever on that stock back in March...good thing I knew those bitchs' game. I'm back in btw.
Love your work.
Don't forget about everyone's favorite car rental company ....DTG. with all that debt on their books and the booming economy its 2000 all over again!!!!
Keep an eye on Energy Conversion Devices (ENER):
http://finance.yahoo.com/q/bc?s=ENER&t=1y
It's breaking out from these levels.
Robo, i have to say, i do appreciate that you have toned down the womanizing. While amusing, it was detracting from the point of everything.
anyway, I choose to no longer fight the equity market. I do not want to be a martyr anymore.
Im tired. so tired......
http://www.youtube.com/watch?v=6-pmpgrYQgs
go to sleep my tired one.
for if you don't care for a little mermaid fun, then i won't waste coments on you any longer.
evil ray.
Appreciate the lack of hot women? Ummm... yeah. You and you both!
I think it's been nice to see good looking gals that I usually wouldn't think to look at otherwise.
Who goes to Bermuda in December?
"And what about $90 oil? I suppose that immediately transfers instant profits to the airlines, right?
LOL...."
Priceless comment, and completely sums up the complete bullshit this market has become. The crash will be horrific and will take the country with it next time......
Maybe I'm missing something. Why would you cash out at the end of 2009 when you have Capital Gains that could be delayed for another year if you hold on until the start of 2010?
Brett, you'll never make it on this board with logic like that.
if you have some capital loses as well, you can carry your losses forward, lets say you took a beating in Fannie or Citi, sell a few winners, and raise your cost basis. There are capital losses, sometimes.
The lack of volume is amazing.
here is a nice presentation on Canadian Solar
http://www.mbipv.net.my/dload/NPVC%202009/Dr.%20Shawn%20Qu.pdf
Leo are these guys the next RIMM
Could be, when CSIQ takes off, it really takes off. I could be wrong, but it used to be headquartered in China. In any case, it is an excellent solar play.
Another one worth tracking in Canada is Timminco (TIM.TO). Went all the way to $30+ before falling back down to earth late last year. Highly, highly speculative play.
Must we have this sexist crap all the time, or at least put in a picture of David Beckham in his pants for the ladies?
How is appreciating good looking women sexist anyway?
Women complain when they don't get attention because they're women, and now they want to complain because they get attention because they're women.
Robot great piece as usual. Loved the pics and fell out of my chair laughing when you mentioned CNBS wheeling out the "tin man" Jack over the next couple of sessions for a final rah rah, then sell sell sell.
Wildebeests! More chicks!
Any thoughts on PHK, DPO, PTY, etc.?
They've had a little tumble in the past couple days ...