Monday, February 2, 2009

Who's got CONVICTION!??! ~ United States Steel Corporation (Public, NYSE:X)

BOTD = CONVICTION. 

(XNI)$3.50 
+0.95 (+37.25%)


*BOTD ahead of the downgrade! (GS adds X to conviction sell list)

 the "engineering-unaware" wins! .... cheers to my new favorite blog ... FIREBONES!   *much like OIL, .... everything needs STEEL!!! from the CNC machine to the vertical lathe ... BOTD wins!


p.s. the BOTD "sleeper" short KUB down 25% YTD. 

10 comments:

firebones said...

Hilarious! You win, I'm still in, though.

"Planes are made of STEEL." And so is unoccupied office space. Long SRS. With conviction.

BUY ON THE DIP said...

GE calls.


11.52 -0.10 (-0.86%)

last shot. tight stop.

p.s. short RIMM & MSFT.

BUY ON THE DIP said...

out of GE. terrible.

BUY ON THE DIP said...

GE , WFC, BAC, ... all pain.

market cant rally without these names.

is faz above $55 yet?

Anonymous said...

right, and when or if they rally MS rallies to 30 too...fuck.. this stock is such an ass

BUY ON THE DIP said...

anon,

are you hedged with GS calls on the dip?

BUY ON THE DIP said...

MSFT new highs. today sucks.

18.33
+0.50 (2.80%)

looking to add more puts soon. FEB, MARCH. (not yet)

maximus said...

At what price level of MSFT will you add more Feb puts?

Le Soldat said...

"GE , WFC, BAC, ... all pain.

market cant rally without these names."


Yes. I'm starting to question the previous bullishness I've had the last couple of days. Today's rally didn't seem healthy at all. Financials need to lead the way - or at least show some stability. Unless, there is a turn around in the financials (quickly), then my case for a bear market rally goes out the window.

I'll be going in mostly cash tomorrow. Tech can't lead the way out of this. Especially when Goog and others are at short-term overbought levels. I'm still not ruling out a possible bear market rally, but today's market action wasn't healthy, regardless of the Dow being up over 100, and especially when the put call ratio points for a bearish case.

Anon said...

BOTD, I think we can get ready to short RIMM. It is losing strength.

Nice call!