Yesterday the dip buyers showed up and caused a reversal of early losses to close near even. I've written joculary that, "real buyers do it on dips". I'm distinguishing the real buyers who plan to hold a stock for months or years from the traders, who are "virtual" buyers or sellers and who buy & sell in minutes, hours, days or a few weeks. They can push a stock up a lot as momentum traders tend to act in groups using the same buy/sell signals, but over time they'll sell just as fast so overall cause little permanent change in price levels.
IBD has gotten quite bullish, writing this morning about strong performance in "leading" stocks and many bullish breakouts from solid bases on good volume. They can identify "hot" stocks and even some long term winners, so I read - or at least skim - it daily. Today's "Big Picture" mentioned a number of agricultural stocks.
Yesterday I sold a bit of AAPL in the Alpha Fund. The shares I sold had a 100% long term profit. Taking into account the recent big 40 point rally, I just had too much, so took that long term "sugar" off the table. Position management is important and I monitor them quite often.
C declared its dividend at the same rate as the last quarter. Does anyone else think that Oppenheimer analyst is getting a bit shrill as the stock is going up while she shrieks and keeps reiterating bearish comments ? Perhaps being once right, she just can't turn around and change her mind. Maybe she reads her own press too much. The Greeks called it, "hubris", and their gods punished it.
By the way, I'd like to see Hillary kick Obama's butt by 10 points today in Pennsylvania.
Words of the Day
Today I have three "fu" words ... no, not that one ... sheesh, get your mind out of the gutter. This is an elevating blog !;-)
"Fugacious" - adjective [$10] literary
Fugacious means fleeting, evanescent, hard to capture or keep.
Sentence: Hillary is discovering that broad voter support can be quite fugacious when a superficially attractive alternative candidate appears.
"Fulgent" - adjective [$10] poetic. From the Latin fulgere - shine
Fulgent means shining, bright.
Sentence: Gold American Eagle coins are wonderfully fulgent with lady Liberty on their obverse.
"Fuliginous" - adjective [$10] literary. From Latin fuligo - soot
Fuliginous means sooty, dusky.
Sentence: The fuliginous "song of the chimney sweeps" performed and led by Dick Van Dyke in that great movie, "Mary Poppins" is one of many songs in that movie.
Notice that the latter two words seems quite similar, but have nearly opposite meanings and derive from different Latin roots. So one really must look up words in a dictionary to avoid incorrect inference of meanings.
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36 comments:
DuPont beats EPS, guides in line.
MCD crushes estimates for EPS ... must be seeing Bunkerman buying those double QPwCh burgers.
Bunkerman is there any part of you that believes the monkey analysts sandbag their "estimates" so that companies may handily beat them?
Vogel snarky about people just flippin stocks but he flips to Dem so he can vote for Barry only to flop back Rep for general election.....lool
QPwCh...loooool...attaboy bunk
ps....BCN8R....."SPICY BACONATOR..Wendy's
I think that's partly true, mfl. Also, the compnay guidance is always on low side.
In the end, it's the multiple that matters, not the "beat". Low guidance knocks down a stock tha tlater rises back on the beats. One sees that in AAPL a lot.
That's another reason I sold a bit of AAPL before earnings ... history of good numbers, low guidance leading to pullback.
Barry = Obama ?
Uhhhh Wendy's = greasillissimo
#1 = McD DQPwC; #2 = BK DWHwC
;-)
yes,Barry in high school.
uh....WEN uses real meat...looool
Bunkerman...trading around the core again with APPL...very impressive...time to shut down the blog and head back to the tank.
ugh frosty ... nfw. "I am not a trader !" he said, existentially.
Time diversification lets me do that, by the way. I had some old stock with LT gains treatment. Otherwise, I'd be stuck. Could hedge with puts, I suppose.
first pitch of the day has bunky dropping the F bomb...new milestone coming, first 400 game winner...Bud best watch election returns, he's dosn't want to cross me today.
I'm going to take Kelpies to sheep herding soon. back about 3:30PM.
how many times can the mkt be saved by sheep herding? can it happen again? lololol
where are those "florida assholes" today.
LMAOOOOOOO
Salvatore pointing to Mecca for the big win tonight
Merny in the spinach patch
i predict 3 dirt naps tonight
flyers
hildog
& the suns
in that order.
i talked to bud last nite. hil flew him up to pa. he has 5 disguises and plan to vote 5 times in philly, harrisburg, scranton, and pitt.
they dangled the 4 way carrot, and he took the bait.
u gotta be careful in bed with da clintons. its not pretty when chelseas belly button ring gets caught in the ring bill pierced his balls with. and hillary is so plump, u need to have a snorkel hanging out of her ass, just to have a shot of not suffocating, while dusting off that monsterous hairy beaver.
AI, with 2 techinals, gets tossed for that one!
"NAFTA's benefits are beneficial to us"...GWB....lmaooo...well said sir
you guys stroke each other all day long
"atta boy bunk"
"great trade bob"
"well said sir"
it's so lame
'i am not a trader'
gimme a f'ng break
Bman hits the eject button just like everyone else
'hold it for years'
pffffffffffffffft
GOOG fell 200 points
time diversification
'congrats bunk'
bud list of shit to help him coop with pissing his money away on the clintons
1. tissue
2. tampons
3. pamprin
4. oprahs, book of the month
5. pon pons
6. 8 ball
7. liter of grey goose
8. the movie annie hall on tap
ROFLLLLLLL
bud, for a tree hugging liberal. u dont seem to like practicing gud karma.
;-)
oh man, contact from philly telling me they passing out quarts of ole E ,at the chester voting polls.
porch monkies lined up for blocks, to vote for the muslim.
OH SNAP!
Now everybody have you heard
If youre in the game, then the strokes the word
Dont take no rhythm, dont take no style
Got a thirst for killin, grab your vile...
You put your right hand out give a firm hand-shake
Talk to me about that one big break...
Spread your ear-pollution both far and wide...
Keep your contributions by your side and stroke me, stroke me
Could be a winner boy, you move quite well...
You got your number down...
Say youre a winner but man youre just a sinner now
You put your left foot out keep it all in place...
Work your way right into my case
First you try to bed me you make my backbone slide
But when you found you bled me-- skip on by... keep on---stroke me, stroke me
Give me the business all night long...
Youre so together boy...
Say youre a winner but man youre just a sinner now
Better listen now (said) it aint no joke
Let your conscience fail ya, just do the stroke
Dontcha take no chances keep your eye on top
Do your fancy dances you cant stop you just stroke me, stroke me
"just stroke me, stroke me"
i bet spin wud like to get stroked
ask bob......he'll be happy to do it
he has a wide stance
everybody wants u!
ho wha!
ask bob
lmao!
back. Tough sheep today - very skittish. Sky roughed 'em up a bit to get them to obey.
as did I with Bud...he likes it RUFFFFFFFF.
holy smokes
bob just blasted my slider out of the park
lmaoooooooooooooooooo
Time to vote
thanks for that IPI mcassillo
attaboy Mike
When did you decide who would get your vote?
Months ago.
1936 (67.5%)
Weeks ago.
366 (12.8%)
This week.
272 (9.5%)
In the booth.
295 (10.3%)
Total votes = 2869
if she wins by less than 7%, she is done!
10% making thier minds up in the boothe. shud be interesting in philly tonite.
flyers shit the bed, then watch the news and see if obama pulled it out.
all of Barry's peeps got the memo to say they were going to lose....why would they say that?
yoyoyo....bowlers,beerzers and geezers represent
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