Stock Market

[SVTNorthTexas]

I just checked mine....

Personal Rate of Return from 01/01/2011 to 08/03/2011 is -4.0%

[347Mike]

Lmfao, it's a 3x levered bear technology etf, of course it does!

No idea what that is. lol

[slow99]

I think I will keep an eye on IR. I can see it making a quick jolt up early/mid next week.

I was just going to comment on KFT, I saw that earlier.

Equally amazing is TYP. I shorted that back around low 19's and has been kicking ass for the past week. It seems to always make big leaps when the rest of the market is being a deadweight.

Lmfao, it's a 3x levered bear technology etf, of course it does!

[347Mike]

Yep, another great day. If this keeps up there will be some fantastic pricing on good shares by the middle of next week.

IR - Ingersoll Rand has already been beaten senseless for no good reason.

I'm amazed that KFT has weathered the storm despite the good news they came out with today.

I think I will keep an eye on IR. I can see it making a quick jolt up early/mid next week.

I was just going to comment on KFT, I saw that earlier.

Equally amazing is TYP. I shorted that back around low 19's and has been kicking ass for the past week. It seems to always make big leaps when the rest of the market is being a deadweight.

[Broncojohnny]

Yep, another great day. If this keeps up there will be some fantastic pricing on good shares by the middle of next week.

IR - Ingersoll Rand has already been beaten senseless for no good reason.

I'm amazed that KFT has weathered the storm despite the good news they came out with today.

[347Mike]

Looks like an even bigger drop today.

[Denny]

Eh...

[Grape]

Going off the cliff for another day...

good

[Broncojohnny]

Going off the cliff for another day...

[slow99]

That's cool.

You had said you looked for ALU to come back down, I just didn't expect it to crash but overall weakness is the market is killing anything with the slightest hint of bad news. IR is a great example, as well as UPS.

In the space I cover, it's capex fear from the big 2 (VZ and T). VZ is cutting capex off, and guided 2H'11 capex down. Everyone got spooked. Juniper (JNPR) called out weakness on the back of VZ capex and the whole space took a gigantic shit. So, we know (as much as we can) companies who VZ and T are cutting off and who they aren't.

Interesting data point, AT&T has spent more capex in the last 2.5 years - ~$70 Billion - than any company in the world (and mainly on United States infrastructure). That's a hell of a leverage point to bring to the DOJ if they try and shut that T-Mobile deal down. "Excuse me, DOJ, you do know how much money we've pumped into US infrastructure right?"

[347Mike]

That's cool.

You had said you looked for ALU to come back down, I just didn't expect it to crash but overall weakness is the market is killing anything with the slightest hint of bad news. IR is a great example, as well as UPS.

Thanks for posting those. Those are typically what I look for and get the short ride up.

[slow99]

That's cool.

You had said you looked for ALU to come back down, I just didn't expect it to crash but overall weakness is the market is killing anything with the slightest hint of bad news. IR is a great example, as well as UPS.

I'm not gonna sugarcoat it. We didn't think the downtime was this soon and were pushing it ahead of the earnings call last Thursday. Like I said, that Chinese Fiber Optic business caught us (and everyone) by surprise. We still like it, but mainly b/c it's cheap as fuck (especially now)! Fucking company trades at 0.5 EV/2012 Sales... insanely cheap.

Pm sent.

[Broncojohnny]

Yeah, we got our faces ripped off on that one. We've said all along that shit was short-term... but they went aggressively into some fiber business in China (low, low margin business) and killed profitability. We had no idea they'd be that undisciplined and go big after a zero margin business. Fuck.
Funny thing is, we had a couple guys call us and say that the ALU was their only exposure to the space (heavily underweight the sector) and so they were actually outperforming. Fucking crazy, the space as a whole was down 11% in two days. It's best-practice not to post companies and implied opinions here... so I'll shoot you a message.

That's cool.

You had said you looked for ALU to come back down, I just didn't expect it to crash but overall weakness is the market is killing anything with the slightest hint of bad news. IR is a great example, as well as UPS.

[347Mike]

Search for a research report on FNSR by Jefferies & Company (George Notter, James Kisner, Jody Farquhar, Mike Geenen) then! We just published a 60 page initiation on it 4 weeks ago.

Got it. Thanks.

[slow99]

Lame.

Put me on copy too, will ya!

Search for a research report on FNSR by Jefferies & Company (George Notter, James Kisner, Jody Farquhar, Mike Geenen) then! We just published a 60 page initiation on it 4 weeks ago.