I made another 1.5% today, on the backs of the fucktarded bank stocks going lower. I’m sure you are upset to see “The Fly” making so much money, in such a short time frame—while you book egregious short term losses. However, I’ll have you know, I’m not done yet. By the end of the year, “The Fly” will be so rich, he will buy all of the houses on his block, bulldoze them, then proceed to build low-end housing developments, much to the chagrin of my neighbor’s.
By the way, I hate the assholes over at [[RIMM]] and [[AAPL]].
There is no leadership.
Just today, we has significant breakdowns in [[BIDU]], [[DECK]], [[SOHU]], [[DWSN]], [[CME]], [[RIMM]], [[AAPL]], [[BID]], [[NOV]], [[AMZN]], [[PCLN]], [[ICE]], [[IHP]], [[CMG]], [[HAR]], [[SIGM]], [[CRM]] and [[GS]].
Where are the leaders, jackass?
[[RL]]? [[MFLX]]? [[IIG]]? or [[NFLX]]?Good luck with that.
At the end of the day, I’m all about banking coin, while throwing old men into oncoming traffic. At this point, nothing can get in “The Fly’s” way of greatness, not even Mother Market.
UPDATE: [[CSCO]] is fucking doomed.
Flashback UPDATE: “The Fly” predicted CSCO’s fuckedness, when coked out bald guys said to “buy, buy, buy.”
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counter-trend rally tomorrow … written in stone
bilderbug has ordered higher prices for his friends in a 24 hour window
they wish to get in on the fun to sell/sell short
Hmmmm… I thought you said the counter trend rally was coming today?
(Pssst! Looks like we’ve seen it!)
Juice, you’ve been spot on in the past.
Are you losing your mojo? Why not just set reasonable position sizes with your shorts, set stops above for any kind of shenanigans, and then take a week or two off?
Juice has been wrong, often.
Selected healthcare stocks?
AMGN, DNA, TEVA, ABT
It’s lonely to be long now.
Fly ? if you buy out the houses on your block and bulldoze them, you will not have any neighbors, so you will not see them chagrining. Anyways, nice call on DECK, everybody gets lucky sometimes, shit, you can throw a dart at the WSJ and find stocks to short and make money in this market.
Is this considered a “subprime” loan?
http://www.politico.com/blogs/bensmith/0208/Clinton_loaned_her_campaign_5_million.html
Juice thinks he can “game” the market.
And even after he’s retired the bullet riddled body of “Frosty” he wants to consider himself…
Smaaahhtah than thee av-er-age beah! Hey Hey! Boo-boo!
(apologies to Messrs. Hannah et Barbara)
Fuck you, buylo.
I’m always right.
Booking big dicked gains, since 1994.
What have you been doing since then?
Shooting heroin, while polishing your crack pipe?
Do not reply. You are not good enough to talk to Fly.
Kind Regards,
Fly
I thought today would be an inside day up to 1/3 of yesterdays loss. We made it up to there & the bear took over & did his thing.
Turned out to be a continuation day.
I still think tomorrow will be an attempted bear shake-out.
But we see soon enough.
I was never frosty. That was someone else.
Everyone games the market here. No gaming, no bets.
^Fly,
Since 1994? Weren’t you using pimple cream back then?
Just asking….
Shed’s real name is Graham?
http://www.ibankcoin.com/about_us.php
I pictured him as more of a Steve or Todd.
Yes Alph:
“The Fly” has been an investor, long before he entered adulthood.
What was your first stock?
Just curious….
First real stock was AMER.
Made egregious amounts of coin in it.
Do you know what company had that ticker?
AOL
Did you get out before it did it’s own RIMM-job?
Holy shit, I used to write boring prospectus copy that was more “joozey” than this:
“iBankCoin.com is an emerging provider of financial content with a distinctive voice. Through the unique personalities of its writers, the site offers a fresh perspective on financial news, and bold opinions on investment opportunities.”
(pssst! gaaaaaay!)
Jake:
Bought AMER way before the run @ $19.
Blame Jeremy for that. He did it to appeal to the horsefuckers at Google News, who dropped iBC anyway.
Should of let Sahib write that release.
Oops! And there goes Crisco.
From green to red like a snake in a blender.
Don’t fuck with me, Fly. My dick is bigger than yours….
I was just starting a job on the PE side when I heard the news that ex-MSFT founder Paul Allen had sold his 25% stake in AOL for something like $250 mm.
I think that stake was worth something north of $15 bn at the top.
Chambers just farted on the CC!
CSCO a buy @ $20.00?
Shazbot! Buy Buy Cisco. He must have said we are in a recession 🙂
Some long term fib support just under $20.
Those assholes on Fast Money said to buy CSCO about 4-5 weeks ago when it dipped under $30.00.
They make me SICK. Any putz with a camera can do a stock show.
On the subject of banking coin:
One of my clients who transferred in has owned STJ since 1977….
Split adjusted price: $0.04
Bought it for about $10,000…worth just under $2 million today.
He also owns MDT and ABT since the ’70s.
Needless to say, he will not sell any of them.
Sort of makes the case for buy and hold on certain stocks.
My name is not Graham MacDonald. I believe that was Jeremy getting cute, and making a name similar to Grant MacDonald, aka Lord Duc.
I’ve written numerous emails to CNBC over the last two years, mainly with respect to allowing corrupt research analysts pump Housing and Financials. Its one big charade and the public let’s them get away with it because they don’t no any better.
Alph — I can one up you.
UPS in 1925. You need a microscope to find the basis.
Thanks great grandpap (a driver who did not go in for union bullshit).
Where’s Calvin?
CRM taking further steel-tipped boot kicks to the kidneys, now down almost 11% in AH.
Another dot com…how soon people forget…
Survivor bias, alpha.
But, I’d agree that buy and hold makes more sense for some stocks than others.
An electric utility is more likely to be around in 30 years (barring death by Enron emulation) than is a tech company or a fashion retail company.
But I don’t think there is such a thing as a buy-it-and-forget-it stock.
I counted on FUN to be a buy and hold when I bought it, but management decided they wanted to take on a lot of debt and grow fast. Now they have a lot of debt and low growth. And the idiots just decided that they would increase the quarterly payout even though they are using borrowed money to pay it – just so they could report the 21st consecutive year of rising payouts.
Jake, I have good news for you.
A committee of leading Republicans met to identify a consensus Presidential candidate for the party. This candidate has an appealing feature for every major segment of the GOP:
http://tinyurl.com/2w96bh
This Yamada on Fast money creeps me out. She looks like the Joker (from Batman). Now she says to sell and 3-4 weeks ago she says BUY. Fool. How can I get a job like this?
I think Calvin is in the hood taking care of business.
ottnott
I bought DNA back in the late ’80’s when it still traded on the Naz under “GENE”. Ended up selling it way too early…the wife wanted to buy stupid things like a new home.
We could have bought ten homes for what it’s worth now. I’ve left a nice little trust fund on the table by sellng stocks too early—the good names, anyway. We won’t go into my bullshit stock purchases.
———————
Utilities with div reinvestment is a good way to go for retirement accounts. Widows/orphans stocks.
I own utilities…dividends pay for my electric bill and then some.
Fly, DECK was never at 1994, get your facts straight!
Fuck you, Cisco Bulls…..Kneale and Cramer, that’s especially directed towards you.
100% cash. I’ve lost my mind in the market, making crazy decisions and taking on too much risk. I’ve been moving huge dollars for minuscule profit.
I am out for a while, maybe for all of Lent.
Today is the first day of Lent btw. Timing seems good.
Down 66k since Jan 1, but off my lows of -200k. Feeling stoopid right now.
I think there are some healthcare/biotech stocks that are “buy and hold” stocks for the long term…
Ex:
GILD…split adjusted price is $0.41 from mid-1993.
More growth down the road as research and new drugs are developed for new strains of viruses and infectious diseases and cancers.
About the only way the average “non-trader/active investor” can stand the volatility is to buy it and look at it every three years or so. That’s what my M.D. client did with STJ, MDT and ABT since the 1970’s. He paid less than $35,000 for those stocks and they’re worth over $5.5 mil now.
Ott —
No need to feature pics of your sexual conquests.
We’ll take your word for it.
GOOG could be one of those buy and hold stocks
GOOG stock price could increase 7 fold over the next 10 years giving investors an annualized return of roughly 20%.
GOOG current stock price = $500 approx
In 2018 GOOG = $3500 ( 7 x 500)
GOOG market cap – $1 Trillion.
Lets say GOOG grows annual earnings per share at 30% from here till 2010 , 25% growth from 2010 till 2014 and 20% growth after. By 2018 GOOG could be trading at a forward PE of 22 and be valued at $3500 a share.
2008 – $20/share
2009 – $26/share
2010 – $33/share
2011 – $42
2012 – $51
2013 – $64
2014 – $79
2015 – $95
2016 – $114
2017 – $136
2018 – $163
( I calculated these numbers in my head so I am slightly off. I have a real calculator brain unlike that Fly character)
I’m buying tomorrow’s flush out.
sitting around eating a couple of fat salmon I just clawed out of the Yukon river as they were going upstream to get laid. Just the fat backs.. shplack.. wataching my eur.jpy cross going down stream too. Check the diving wedge on the one week and the broken resistance on the two week charts. Trichet.. fighting the good fight in a world of helicpoters.. Stealing Richard Gorton’s call.
Fly,
I think Trader Caddy has the nucleus of your next business idea here:
“Any putz with a camera can do a stock show.”
Can you see it? Daily live porn with the talent shouting out buy/hold/sell tips to the caller from Muncie.
Boo-YAH!
Dumb It Down
What are you looking for on SKF to start easing out of it?
Fly, do you think the .VIX will go up tomorrow, furthering the decoupling of the markets, allowing the yen carry trade to unwind?
No leadership at AAPL?
Jeff – link you cuckoo blog.
nncoco – nope.
Here is a video I made that relates to AAPL leadership in some way.
http://cutframetv.com/view_video.php?viewkey=33bc65bf8d78622277c4
This guy was the first hire at AAPL back in the 70’s. Still holds a sick amount of stock.
Juice,
You may not have gotten all the calls right but getting out of that criminal predicament you found yourself in a few years back was masterful. You could never fit your big paws in those little bloody gloves. Kudos to your attorney.
jeff I don’t know about tomorrow but the carry trade will eventually unwind.
I think Fly made in excess of 10 folds on AMER.
My first stock was a warrant
Speaking of Google, remember folks, someday Google is going to cross reference every post, email, text msg, phone conversation, survey, purchase, video and thought you ever had and sell it to the highest bidder without your knowledge or permission and make a boatload doing it. You heard it here 1st or maybe not.
Speaking of buy and hold; my parent’s pretty much live on forgotten employee stock options in SUN and OXY from the 60’s & 70’s.
My sister “retired” before her 40th b-day from founding shares and vested options in some long imploded dot-coms that panned out. Paid .70 and sold for like $25 in under two years and shit like that.
that’s tits, retiring under 40
She was more like 32 come to think of it.
If she knew anything about taking insider tips to sell, she would really be rich.