My ‘friend’ Paul Kedrosky called me George Hamilton for this appearance on CNBC. I can explain. The ladies were in Phoenix for the long weekend, so the boys (Max and I) played 72 holes on our weekend alone. We went a little overboard. I don’t wear a hat or glasses (messes with my feel). Max …
From: February 2013
Momentum Wrap – Stocks Down Across the Board
There was a substantial surge in volatility and correlation today. Basic materials and energy stocks led the decline. Dividend-paying staples held relatively well, foreshadowing capital rotation into defensive sectors. New Highs 14 new all-time highs among stocks that gained 1% or more: SIX RRTS SHOS ECHO UGP AON SCTY CTRX GRFS AAT VRTU ABBV OAK …
Momentum Wrap – Google Hits New All-Time Highs
We are in a market stage, where price momentum is the most powerful and relevant catalyst. Stocks continue to defy gravity and laugh at any comments about divergencies, breadth decceleration and overbought levels. New Highs 115 new all-time highs among stocks that gained 1% or more: INFI CBPO MX TNC SAM ROC VRTU DKL CG …
The ‘Fashology’ Era…Better Late Than Never
In 2005 I was long $AAPL and Oakley ($OO I believe). I believed in ‘fashology‘. It was frustrating to own Oakley because they were so close to ‘getting it’. The stores were off though. I thought Oakley should have gone private in 2005, but instead they did well by selling out to Luxottica ($LUX). Luxottica …
My Kingdom for a Hedge!
Hedging is hard. It might even be financially dumb. The last few weeks I have put on some hedges using $SPY Puts. Considering I wrote a post on January 5th called ‘Dow 50,000, VIX 1‘, I must be insane. I can point exactly to the posts that got me thinking about hedges (here and here), …
Two Cows…Take Your Pick
You have two cows is the beginning phrase of an old political joke series. My friend Nik sent me an updates and hilarious version. Here it is: SOCIALISM You have 2 cows. You give one to your neighbor. COMMUNISM You have 2 cows The State takes both and gives you some milk. FASCISM You have …
Momentum Wrap – 3D Printing Is Still Alive…Real Estate Developers On Fire
New Highs 67 new all-time highs among stocks that gained 1% or more today: PRLB PRO GV BRP PCYC HHC ACRX VMI FURX NSM 165 stocks reached 52-week highs while appreciating 1%+. Some of the notable movers include: 3D printing is still considered a fad by many, but the underlying stocks continue to squeeze higher. …
Momentum Wrap – Bank of America and Citigroup Clear New 52-week Highs
The tremendous strength in the market continues as sector rotation is helping stocks with good bases to break out. New Highs 45 new all-time highs among stocks that gained 1% or more: KORS SCTY EAC TLP FRGY NCLH MOV POWL FBHC CR LPDX 155 new 52-week highs among stocks that appreciated 1%+. Some of the …
Tim Cook…Notes I Would Like to Hear at Goldman Conference
There is just NO good reason Tim Cook should be speaking at a Goldman Conference. Goldman employees use Blackberries, not for any great reason. They hide their iPhones and iPads at home. The great Goldman Sachs firewall is not his friend. Tim knows this because Steve Jobs used to send him to this conference. Now …
Momentum Monday…The Magic Behind LinkedIn and Tesla Motors
Welcome to Momentum Monday. Today take a deeper look into the price action around LinkedIn, Tesla Motors and a few other StockTwits 50 stocks including $MENT and $EFII (blasts rom the past in technology). $LNKD is a magical product, disliked by the media and hedge funds for being expensive by all fundamental measures. Instead of …