I hate a few. You know them if you read this blog.
1. Best Buy (BBY)
2. Verizon (VZ)
3. Harley Davidson (HOG)
4. Capital One Financial (COF)
5. Gamestop (GME)
I hate them for different reasons…Verizon because I am a customer, Best Buy for their pathetic bait and switch financing tactics and financial engineering, Harley…because they are loud, stupid and not made for jewish hips, yet riden by too many 40 plus year old jews, Gamestop because it’s the only store in the mall that Max makes me go to (and the dirtiest) otherwise I would never go to the mall and Capital One Financial because it’s so loved by Wall Street.
I have no current positions in any of these. They all have printed money and have been Wall Street Favorites. Harley was even Wallstripped , although I have never owned it (finally tanking on its own credit vomit). Before you Harley lovers chime…you all look like retards on them even with your blow up girlfriends.
If I were to short one stock from this group today, it would be Capital One Financial. I have no particular feeling about which one on this list will implode next, but since I am long Visa, Mastercard and American Express right now and run a ‘hedge fund’, Capital One is likely to implode if the others implode. Based on price action, it should implode faster than my three financial longs.
What’s your most hated company and does it relate well to a stock that could implode.? Do tell…
If you are going to short you might as well catch a homerun.
I always wanted to be the guy to catch the move to zero in a Fannie Mae, Best Buy or Capitral One.
I HATE these companies and use to short them in the old days. I lost money all the time. The shorts are having their day in the sun. I of course have missed them.
Since 33 percent of all stocks roundtrip/get delisted, it should not be that hard to catch a roundtripper. I just want to catch one in the 50’s or 40’s. Obviously the best lace to catch one is when it’s already a penny stock. Since that’s no fun though, who should we short?
Can’t be Fannie Mae, Harley, Capital One or Best Buy and has to be high profile. I choose Gamestop. Brian and I were just emailing each other about it and it got me thinking how I do hate this company. I hate all retailers actually…except Apple and Chipotle (visited both in last 24 hours)
Let’s see if we can find a high profile one together.
I am hearing 50 Basis Point Cut or death to the markets this morning on CNBC.
I have to be honest. I wake up at 6 AM on the button each day and watch CNBC for 5 minutes. It reminds me what I may be missing. Today, that seems to be the discussion about a must Fed 50 basis point cut. Off you go now.
Pathetic.
The S&P is rallying because of the financials weighting. I think it could back to all-time highs based on a big financial rally, but that would just suck the wrong people in, the same that bought homes they could not afford. Those that are shorting confuse me too beacuse they are standing in front of a wimpy and spineless Fed and government. Needless risk and pain.
I still think you do less although I am tempted to hammer the market to the short side. I will hit a few financial ETF’s for a trade just to settle my urges at some point this morning.
One bullish sign is that IPO’s are getting pulled like crazy . I am watching those IPO’s that make it, they either really need the money and are being puked out or are great and can survive and thrive in which case they shape up as new leaders.
Sentiment…including mine, sucks. That’s bullish . When I am this cranky about market direction and CNBC I don’t force anything.
If there were real strength I would actually be a buyer.
I am now shorting a bunch of SPYders. Could be for the day or could be for 5-6 points. I will hit them all day. It is a lazy short, more as a hedge for my longs. Eyeing the Russell (IWM) closely as well.
This time it does not feel like a momentum short. Lot’s of complacency beacuse Search, Gold, Solar and Appe seem impermeable. They are’nt if we get messy.
Let me know your favorite short idea. If I use it, I will send you some SHKL’s . I think mine is still homebuilders. They go lower still.
Disclosure – surfing JDate for lonely Jewish traders
Today’s market action looked like this . If you are a bear, it looked like this .
The bears are truly in control of most sectors of the US market right now. If I were a shortseller, I am just short Akamai, I would focus on the weakest of the weak.
Betting on 20 percent fast drops on the highfliers is not what I would do. That said, that’s what most shortsellers are doing.
I am sticking with my great portfolio for now, but it ain’t bulletproof.
Oh boy…more ammunition for a top argument now. Howard is calling shortsellers putz’s.
The point is, they may be smart and intellectual and right even, but they are putz’s.
Shortsellers are the SALMON of the stock world. They just MUST swim against the river of water (buyers). What’s the big prize for the salmon…death by exhaustion.
I rest my case.
If you need pictures to help, here is one. Please ignore the ridiculous squiggly lines. The shorsellers are the best line drawers of all-time. They also own PLENTY of ERASERS as the bulls make them move them around all the time .
Disclosure – I read Tim Knight to my kids at bedtime. Knocks ‘em out .
I just bought back SPY at $147.65 but just small compared to yesterday. My sells this morning (blogged them) in the $149’s and $151’s look awesome.
The financials are just cooked and they are so heavy in the indexes that the damage looks worse than it is.
I have to say thought that I am looking st shorting some weak stocks that lack price protection and rely on the US economy. First time in a few years that I really care to waste my time on that.
The shorts are such amateurs. They are too smart for their own good. While they brag at ‘cocktail parties’, their profits disappear.
Sure – we throw them bones …GM, Dell, Ford, Homebuilders, semiconductors and even some big financials this year, but the rest still belongs to the bulls.
They bears focus too much on charts and price and levels…NOT TIME.
They don’t realize the amount of people focused on keeping the sytem moving forward and possibly even ‘rigged’ (I hope it’s rigged for all our sakes).
They don’t realize the power of the bullish system of America. They have their little toy of the ‘no uptick rule’ which definitely helps them during meltdowns, but creates this mess for them when sentiment turns for just a few days.
This has been one of my better trading weeks of the year again…thanks to the bears. I remember the pain of being early at $81 on VMWare just a few days ago, so I WILL SELL some more today at $94. I remember being scared of a crash while buying lot’s of SPYders at $142. I will book profits on a bunch today at $149 a few days later. Yes we could go higher, but this is indeed a meaty move in a short time and I have no opinion on the market itself.
Take a look at these spikes. If you are a shortseller remember them.
Disclosure – Long VMW, SPY and as you know alot more.
. I think mine is still homebuilders. They go lower still.
