Monday, March 23, 2009

Beazer Bounce


+37% in one day. Hoocoodanode?

Let's be clear here. Beazer is a zero. This is nothing but traders trading.

5 comments:

wagga said...

First to ride in time machine today!

Lou Minatti said...

Thanks for opening your blog back up, Rob.

tj and the bear said...

Yes, I'm in the club!

'Course there's always that thing about not wanting to join any club that'll have me as a member... ;-)

Peripheral Visionary said...

Rob, I have to give you credit on the market calls: you don't worry about timing, but the direction has been right more often than not.

I'd love to get back into this market, but volatility and irrational exuberance being what it is, I'm having to sit it out. Still in gold, I hate it as an "investment" (it's not), but what choice do I have? In twelve months it will be one huge round of monetary authorities trying to debase their currency faster than their neighbors, no choice but to try and hedge for now. If oil takes another leg down I may switch to it as my currency hedge, but I'm not completely decided on that.

w said...

Beazer is just another table at the casino. A table where the nicotine stained professionals play aginst each other.

Has anyone noticed that carbon credits are going to be a revenue source for the government?