I sold 10,000 [[CLNE]] @ $14.55.
Comments »Yearly Archives: 2008
Fly Buy: AUY
I bought 4,000 [[AUY]] @ $15.
UPDATE: I bought 2,000 @ $15.03
Disclaimer: If you buy AUY because of this post, you will find yourself long banks, on margin, when the next “hammer of certain death” falls on them. And, you may lose money.
Comments »Impressive Action; Now Sell
We’re still going lower, at least for today. Too many sectors are red. Plus, I travel around in a fucking plutonium powered time machine. Generally, it’s a bad idea to bet against the guy in the time machine.
I’m too jaded to dive into empty pools. It’s not my cup of coffee, over here. However, knowing many of you enjoy to take concrete swims, I will share my intra-day momo screen.
[[JRJC]], [[SEED]], [[CPSL]], [[WBD]], [[KR]], [[EWST]], [[LNG]], [[CPE]], [[UPL]], [[XTO]], [[STO]], [[SU]], [[ROYL]], [[PDO]], [[BEXP]], [[HOS]], [[OXY]], [[PXP]], [[MXC]], [[FPP]], [[SOLF]], [[MPET]], [[SUF]], [[EGY]], [[BIDZ]], [[BCSI]], [[NTES]], [[OSTK]], [[ZOLT]], [[BVN]], [[NEM]], [[SWC]], [[RIO]], [[FNSR]], [[OPTM]], [[LVLT]], [[LLNW]], [[EXTR]], [[AWRE]], [[IKAN]], [[HLIT]], [[CAVM]], [[DRYS]], [[DSX]], [[GNK]], [[EXM]], [[MBT]], [[QCOM]], [[URS]], [[WLT]], [[TITN]], [[BG]], [[CX]], [[SI]], [[SQM]], [[BMC]], [[TIBX]], [[TDS]], [[CYBS]], [[VMED]], [[WLL]], [[CNX]] and [[TOT]].Currently, my favorite sector is oil/gas. I’m long several names, as you know. However, I am looking to add a few, on a pullback, if possible.
Based upon valuation, I might buy the following:
[[NE]], [[ESV]], [[PKD]], [[NTG]], [[TTES]], [[CRR]], [[CAM]], [[BOLT]], [[HES]], [[REP]], [[PCZ]] and for a swing at the fence: [[FTK]]. Comments »Welcome to Crazy Country
All of a sudden, my bullish friends are worried about a pullback. Like, out of nowhere, oil above $125 scares them.
I told them: “don’t worry, pal. It’s already priced in. Oil is going to $2,000 per barrel by 2012, and it’s priced in. The market is a marvelous instrument that is constantly pricing stuff in, while its participants do lines of blow.”
I think that settled him down. He’s buying more [[RIG]] and [[NOV]] here.
The banks are shitting the closet. Good for those satanic “tree fuckers.” Come Monday morning, I want to see like 50 bankruptcies and 200 dilutive deals, to go with another 300 billion in write downs.
Speaking of which, is anyone taking notice of “The Fly’s” mastery, regarding [[CORS]], [[FHN]], [[FED]] and [[DSL]]? If you didn’t know, they are my “reverse four horsemen,” who are all riding down to zero.
In other news, “The Fly” is on the verge of multiple wins. I cannot disclose how “winfull” these wins are. But, just know, “The Fly” is in a constant state of victory, even when he appears to be losing, badly.
Just to sum things up. Let me give you some ideas:
Long: [[SKS]], [[LAZ]], [[BAP]], [[AIZ]], [[NOV]], [[RIG]], [[CLNE]], [[NOEC]], [[VSE]] [[OMNI]], [[ARD]],[[CLX]], [[SKF]], [[SRS]], [[REW]] and [[FXP]].
Short: [[CORS]], [[FED]], [[DSL]], [[FHN]], [[POT]], [[MER]], [[LEH]] and [[WM]].
Comments »Fly’s New Price Target For Oil: $2,000 per barrel
Viz.
Comments »Fly’s Blogging Lesson Number Four of Five
Make yourself known, by hook or crook.
Class dismissed.
NOTE: Tomorrow’s lesson will be detailed.
Comments »ColdPlay: Speed of Sound
[youtube:http://www.youtube.com/watch?v=-iLt1U7A2-s&feature=related 450 300]
Comments »Har Har Har
You cannot stop this market. You can only hope to contain it.
The bears have been eliminated from play, mainly due to the bulls ripping out their tonsils and kicking them down open manholes.
Much to my chagrin, the banks charged higher, late in the day, spearheaded by the ‘tards at [[LEH]].
I have a bunch of trading long positions working, mainly in oil/gas. However, I will probably dump them soon.
By the way, [[BX]] is on fire.
It makes little sense to think, when investing in this market. All you need to know is, bears are losers, who have little selling power. All of the real money is on the long side—bidding shit up while doing lines of blow.
[[MVIS]] gapped up, but will fail to break $4.Finally, “The Fly” has a lot of fucking things to do and has little time to speak to fucktards from the internet. Just know, I like [[VSE]] here, because it makes no sense. And, I fear the psychopath run in Chinese related names will cap off this market, like an egregious snitch in prison.
Comments »Late Day Thought
Fuck the banks.
Comments »Fly Buy: SKS
I bought 5,000 [[SKS]] @ $14.26.
Disclaimer: If you buy SKS because of this post, someone will throw a cup of scolding hot coffee on your neck. And, you may lose money.
Comments »