Well, FNM loses what, billion bucks and goes green?
This is all a set-up. Granted i am definitely happy to see V go up along for the ride (nearly 50% gain). But i dont expect this summer to be this UNLOGICAL. The big brokers are doing a major fake-out. The underlying market, world economy is sinking and yet the street is telling us otherwise. And boy the OIH thing i tried was sure a waste of $
The stocks on my radar are ones with high volume and great fundamentals:
1) MA & V - people will never stop using credit cards. Get ready for V to really push in China during the Olympics. MA tho still has greater growth prospects than V. V is just finding buyers who see value relative to MAs price
2) USO (not a company, but a great mimicʻr of oil). I may place a call on expiration week (when itʻs dirt cheap). See for yourself. Itʻs when $20 can turn into $120 in a hurry. In the end i lean to safety in straight up stocks
3) AAPL - its a tough economy for tech. but Apples cool-factor wins them customers. iPhone 3G with now multi exclusive partners in some European countries is a Great thing. But do not even look at it until it touches 200. Then do a strangle. The company is handily beating its competition on the PC front & will only have Blackberrys to battle the future of mobile phones.
Gio has posted nice shorts of late, namely irbt. i like robot vacuums, hope to get one someday. But the stock stinks.
In the end, I dont trust the Street... they are luring buyers back in... all to short them/sell them out
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