twoshooters

2 Comments

ON: Fri Apr 25th 20:14 PM
Commented on:
The "No Amount of Bad News Can Bring This Market Down" Trades

“…In fact I can see a scenario now building where restaurants, retailers, and financials are LEADERS of the pack for 2nd quarter”

Actually, those were the leaders in the first quarter on a classic bear market bounce. The only “news” that’s you should watch for is the Fibonacci retracement to 38.2% and/or 50.0%. The rest is noise. The fact that your going long is the best signal yet that this bounce is done. And when the bounce is done, those 1Q bear market bounce leaders will be toast.

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ON: Fri Apr 25th 19:59 PM
Commented on:
Dry Bulk Shippers: Good to Go

Yea, DryShip's future is so bright that it's investing substantial capital into an unrelated business, inwhich it has virtually no competitive advantage. Clearly, management must be really talented since it is an expert a multitude of industries. Hey, how about the new DryShip cell phone? Or their new line of Oceanwear clothes for teens. Come on, its part of the commodities bubble that is going to sink this barge of a company. biz.yahoo.com/ap/08042...
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