TraderMark

The "No Amount of Bad News Can Bring This Market Down" Trades

sunrises, that would be an ambitious target.
If there is a belief the dollar will rally huge, than anything is possible, but I'd be looking at the 50 day average in low $130s as a solid first time entry point. I've held this name a long time so I keep a core position and then trade around it, so my focus might be different than someone buying it the first time.

I don't think it's expensive at all based on its mix of business but maybe some others do.

The "No Amount of Bad News Can Bring This Market Down" Trades

bearfund, I agree with you 100% intellectually

Unfortunately, this market is nothing related to logic. I am not touching the commercial banks here for reasons you listed. We have not even begun to discount all the bad loans coming related to the consumer. Just getting started here.

The i-banks are a little different animal - more towards the corporate side of thing and can be pseudo overseas plays.

I do expect a lot of regional banks to show serious trouble as we move through 2008 and into 2009. All the fuss so far has been with the big money center banks.

The "No Amount of Bad News Can Bring This Market Down" Trades

poncho, good call on bikes! Maybe Nike is a good call here because people will need to walk to work? Doesnt that run out the tread on their shoes much faster?

I am also looking into mule play... you know for those trips to grocery store - need to put the bags on something, now that people will be priced out of cars.

Hey GM Is now an international play, sales in Asia and all. They don't need no stinkin USA consumer.

Percentage of Stocks Below 200 Day Moving Average Now at Historical Oversold Levels

I still like DO, RIG, and ATW. Only issue is everytime the market panics it dumps these thinking crude is going back to $50. But I like the deep sea names and find them to be a good valuation. The market treats them with a cyclical multiple instead of a more secular one. If that ever changes they'd truly move.

12 Stocks to Buy on a Pullback

And the title of the post is? :)

12 Stocks to Buy on a Pullback

ISRG = good stock, valuation that makes me dizzy

12 Stocks to Buy on a Pullback

As for coal, I think its turning from a North American commodity to global commodity. Coal and natural gas had not followed crude because they are traditionally more local commodities - so ebb and flow with US economy. Now as China sucks in more of the world's coal (and that will hold true if China GDP is 2% or 12%), with the high cost of shipping, and low dollar, the Europeans are really liking our coal off the east coast. Thats my thesis and until the price action dictates differently I am sticking with it. :)

12 Stocks to Buy on a Pullback

John, I write about the latter point of your comment almost daily :)
There is a huge bias to big boys and I love things like huge amount of calls being bought right before a stock gets bought out and the SEC never looks at this. SeekingAlpha has some of my comments on these shenanighans. The "invisible hand" is hard at work propping up the market - apparently they only care about equity markets because bond markets are signaling a lot of bad things that you'd never see if you looked at an equity market that as of early last week was 4% away from all time highs. Anyhow, I do write about these topics quite often.

Good call oN TSO - I like FTO more as a refiner, but TSO was more of a Kerkorian play that did not work out. No one is perfect, nor close to it - the key is to let your winners run, and cut your mistakes quickly. I am out of TSO as of yesterday in fact when it spiked to near $50 (sold the other half $55 the day before Kerkorian pulled the plug on the 20% tender). My whole thesis there was oil prices would fall (which they did) from $100 and refiners would benefit from crack spreads widening... so the latter part of the thesis did not work out. It happens. :)

12 Stocks to Buy on a Pullback

Lisa, here is a post I did about MA

www.fundmymutualfund.c...

They essentially are a play on the move away from a cash society to a plastic society, with huge growth avenues overseas. The banks they represent actually carry the credit risk, not MA itself.