Tuesday, June 27, 2006
Real Money Blog: Rev Shark
It appears Cramer is on vacation. So, until he returns, I will be summarizing Cramer's best financial "blogger" -- Rev Shark.
Stay Short Term and Opportunistic
06/27/2006 1:48 PM
In this article, Shark suggests being "opportunistic," while waiting for the market to set direction.
He exclaims: "Stay short term and opportunistic. If you have some profitable shorts, don't be shy about locking in some profits, just like you locked in profits on long-side trades the last couple of days."
Furthermore, he feels, up until Thursaday, "strength will be sold and weakness bought."
Rev recommends thinking of a strategy to deal with post Fed scenario's.
He sums it up: "Frankly, I think the fact that we have poor action going into the news is a positive."
Contrarians Can Be Fools, Too
06/27/2006 12:04 PM
In this article, Shark discusses investor sentiment, regarding what to expect after the Fed hikes interest rates Thursday.
He exclaims: "If "everyone" were really anticipating a rally based on the Fed, wouldn't they be rushing to buy now in order to be in front of all the other buyers who will soon emerge? If "everyone" truly is thinking the same way, isn't it a fait acompli, a done deal?"
Moreover, he critcizes contrarian thinking saying: " Contrarian thinking has a strong appeal to many folks. It makes us feel good to distinguish ourselves from the unthinking...The reality is that most of the time the majority is right about the market."
Bottom line: Rev suggests making thoroughly informed investment decisions, instead of knee jerk group think.
Traders Take Fright on Consumer Numbers
06/27/2006 10:27 AM
In this article, Shark cites the higher than expected consumer confidence numbers and suggests it is a "minor negative."
Furthermore, he acknowledges today's semiconductor decline and attributes it to the MRVL-INTC deal.
He exclaims: "But mostly I continue to maintain a very short-term, active-trading approach. I simply don't expect strength or weakness in the major indices to last for long at this point."
Also, he informs his readers of being long ATI and short GES.
Finally, he highlights strength in gold and oils.
Take Pulse of This Moribund Market
06/27/2006 8:24 AM
In this article, Shark feels the market is a "bore," until the Fed meets for interest rate policy.
He exclaims: "Markets have a tendency to lull us into complacency before suddenly throwing something new at us. Hence, we need to be vigilant even when the action is slow and boring."
Bottom line: He believes the chances of a selloff are "quite high." However, the general direction of the market is not etched in stone and investors should tread carefully.
Stay Short Term and Opportunistic
06/27/2006 1:48 PM
In this article, Shark suggests being "opportunistic," while waiting for the market to set direction.
He exclaims: "Stay short term and opportunistic. If you have some profitable shorts, don't be shy about locking in some profits, just like you locked in profits on long-side trades the last couple of days."
Furthermore, he feels, up until Thursaday, "strength will be sold and weakness bought."
Rev recommends thinking of a strategy to deal with post Fed scenario's.
He sums it up: "Frankly, I think the fact that we have poor action going into the news is a positive."
Contrarians Can Be Fools, Too
06/27/2006 12:04 PM
In this article, Shark discusses investor sentiment, regarding what to expect after the Fed hikes interest rates Thursday.
He exclaims: "If "everyone" were really anticipating a rally based on the Fed, wouldn't they be rushing to buy now in order to be in front of all the other buyers who will soon emerge? If "everyone" truly is thinking the same way, isn't it a fait acompli, a done deal?"
Moreover, he critcizes contrarian thinking saying: " Contrarian thinking has a strong appeal to many folks. It makes us feel good to distinguish ourselves from the unthinking...The reality is that most of the time the majority is right about the market."
Bottom line: Rev suggests making thoroughly informed investment decisions, instead of knee jerk group think.
Traders Take Fright on Consumer Numbers
06/27/2006 10:27 AM
In this article, Shark cites the higher than expected consumer confidence numbers and suggests it is a "minor negative."
Furthermore, he acknowledges today's semiconductor decline and attributes it to the MRVL-INTC deal.
He exclaims: "But mostly I continue to maintain a very short-term, active-trading approach. I simply don't expect strength or weakness in the major indices to last for long at this point."
Also, he informs his readers of being long ATI and short GES.
Finally, he highlights strength in gold and oils.
Take Pulse of This Moribund Market
06/27/2006 8:24 AM
In this article, Shark feels the market is a "bore," until the Fed meets for interest rate policy.
He exclaims: "Markets have a tendency to lull us into complacency before suddenly throwing something new at us. Hence, we need to be vigilant even when the action is slow and boring."
Bottom line: He believes the chances of a selloff are "quite high." However, the general direction of the market is not etched in stone and investors should tread carefully.
Comments:
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Thanks for these postings about the Rev. Funny how people who complain about Cramer's market commentary so often point to Shark as a quality commentator.
These postings show us that if you're looking for certainty, or even clarity...keep looking because nobody has that.
The main point of the Rev's posts here is that we should be careful (duh) and that the market could go up or it could go down (duh).
Post a Comment
These postings show us that if you're looking for certainty, or even clarity...keep looking because nobody has that.
The main point of the Rev's posts here is that we should be careful (duh) and that the market could go up or it could go down (duh).
# posted by 
: 8:32 PM
: 8:32 PM << Home
