Friday, September 28, 2007
Sector Spotlight: Networkers
As of late, there haven't been any big deals announced. My guess, should the equity and credit markets remain stable, expect to see significant deal flow by Thanksgiving.
Taking another wild fucking guess, it might occur in the beaten down retail sector. Potential targets are: M, AEO, HD and KSS.
As for the networkers:
Getting this sector going is a must win for the bulls. Today, there is momentum in VRAZ, CRNT, ANTP, LNOP, LORL, STAR and NT, while BBND gets it fucking big stupid band "mushroom clouded."
In short, today is a sleeper. I anticipate lackluster action, as all of the fucktards who manage billions of dollars window dress for their end of quarter performance statements.
Keep this in mind, when buying stocks at their 52 week highs.
I want to avoid adding to tech, going into earnings.
Instead, I feel the industrial/ag/infrastructure plays offer significant upside on earnings.
On a lighter note, I am playing golf with Jim Fulton with EPD on Monday for the annual Carl McCain golf outting out here at Sweetwater in Sugar Land. I will see if I can get some good scoop on this fucking stock. I still own a shit pot of it.
Either we're going up big with a short squeeze after earnings or we're going down like the titanic.
Still long NTRI and added more at 50
think AZZ earnings bodes well for VMI? Then again, FMCN ups guidance and they sell it...wtf?
and perhaps FMCN bodes well for XFML, but who the hell knows anymore..
AZZ and VMI are apples and oranges.
VMI and LNN are in the same space.
AZZ runs a galvanizing business and they build out electricity grids.
So, I'd looks at stocks like NGA and PLPC for good compares.
About 3:00 today, after most of the bullshit window dressing selling is done, I'm going to violate my cardinal rule about never adding to a losing position and buy some more NTRI. Fuck it.
Save your remaining powder until Nutrideath bumps that bottom fib at least once(46.65 or so). I think there's good odds it will.
A bounce off that with some volume is the buy, imho.
If you throw me an email I'll send you the chart.
That's why I'm not buying down here. If I can get a little cheaper, I'll wait.
People I know are starting to scratch their heads on this one.
They're on the phone with mngt. right now.
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