Wednesday, September 16, 2009

Just my luck

Im long a stock APO, that discloses in an 8K monday that it is in sale negotiations with an exclusive buyer and the stock rallys a whole .50 cents - I wish I could figure that one out. We have a market on total fire and I have a stock "in play" and it tacks on just .50 cents. Gee thanks - how bout 3 or 4 bucks like every other real estate play? What a load of crap.
I cant put into words how Im feeling right now but Ill try, stupid, low, angry, hurt, bruised (thats a good one). People are literally now falling over themselves to buy names like AAPL, SPG,GOOG etc...and I cant for the life of me understand why. The higher they go the more they wanna buy...gee its a good thing Wall St. is acting "responsibly". How is it that on a day where the recession has been declared dead that FORD, the only publicly traded American car company, is down on the day, how is that? How is that AAPL has tacked on almost 7 billion in market cap today cuz some analyst who loves the playlist on his ipod said buy some more? How are Wells fargor preferreds back to par? Is the system that healthy now? I obviuosly have been looking for a selloff for quite some time - and have looked foolish for some time but dont any of these upmoves start to look like blowoffs? Here I am going into my new years holiday this weekend and I feel awful, worried. Most people are worried - you who is not worried? The guys who know exaclty where the SPUZ are going to close everynight...the JPMs and GSs of the world. I am more convinced than ever that the market is being moved by a hand that is less than natural. You cant tell me that people who were standing in line to take their money out of banks 6 months ago are now piling into stocks EVERY SINGLE MINUTE OF EVERY SINGLE DAY.

oh well Ill stop now and go back to feeling brusied - SPUZ up 17 - figure they close up 25 today?

JB

No comments:

Post a Comment