ah yes! Obama is more powerful than China and US combined.
11) Names I want to come in so I can buy more of -
Sequenom (SQNM), Linn Energy (LINE)
12) Solar got a bid underneath it last week ... the fundamentals in this sector are PUTRID for most - it is so bad in China that they are trying to give money to the larger players to consolidate the 150 smaller players.... you heard me 150! But ObamaSolar power will create enough aura for all the world to be awash in solar panels. Yep. Daytraders will run into
First Solar (FSLR) as the speculation of choice... I am just plain worried about the prospects of this sector for 2009 but
LDK Solar (LDK) warned and Obamamania was enough to shake off "facts".
13)
American Science & Engineering (ASEI) is a stock I see myself putting a foothold down into early this week... for those of us on the sideline it reversed nicely Friday - probably will create a starter position and then hope we can get some in the upper $60s to low $70s. I don't know if the
contract signing late this week is in analysts report but in 2009 we want to clutch on the nipple of government (nanny state) and ASEI is another company that lives there.
14)
Monsanto (MON) had a very
fine report - and after the gap up, I am awaiting this gap to fill with a limit order. I actually would of preferred to see the stock run a bit, since it seems quite weak for a stock to fall so quickly after such a solid report... but I like this one for the long run, not a "buy and flip". Come to papa.
15) Off the back of a strong earnings report from
Apollo Group (APOL) the "re-education" or "adult education" stocks went ballistic this week.
Zach does not believe in the thesis and I share some concerns - really how are these people paying for these courses (credit card?) without jobs. That can't end well. But for now it's a thesis, a hot thesis, and the speculators of America converge on the group. I suspect by end of 2009 there will be a major blowup in this sector as analysts ratchet up estimates and we start to see inability to pay by customers. Until then - party on Garth; I would not get in front of a steaming train of thesis.
16) As I drove around this weekend in the 92 feet of snow we enjoyed, I was scratching my head at gasoline prices. A month ago when crude was near $40 gas was $1.49-$1.59. Now its $1.99. Hmmm... that says one things, REFINERS! I used to have a chart that linked to "crack spreads" on the blog but must of erased it... refiners used to be a good trade 2-3x a year until hedge funds went wild last year and blasted oil to $140+. I don't know what the crack spread chart is saying, but I can only assume based on my anecdotal evidence the spread is widening (bullish) since the stocks are behaving very well. I've always favored
Frontier Oil (FTO) for the location of its refining plants, and its ability to make money when many of its peers could not. Oh well, so much for the "great tax credit for the American consumer".
******
Outside of those I have a couple of other smaller names on my radar as well...
So that's about 30% of what's in my head this week - without stop losses in Marketocracy.com the past year and a half this is the amount of stuff I need to keep straight mentally (PLUS all the names I am interested in on my watch lists) ; it is insane. But makes your mind work like a banshee.
The other 70% of what is on my mind is proprietary.... what's in your wallet?
