I have cash to spend, but choose to leave it idle, in order to have “special opportunity” liquidity. My conviction for my current positions may be at 100%; but I will not spend the 5-10% of cash in reserve, unless of course it was used for a “special opportunity.”
I never want to be in a position where I am forced to sell something, in order to finance a buy. I will gladly sell for profit or for a stupid loss. But there is nothing worse than having a great situation, but not having funds to buy. That is why I try to keep 5-10% in cash at all times. Just don’t even acknowledge the money. Make believe it isn’t there.
Special opportunities can be rumor mill stuff, market dislocations or even key reversals. In my opinion, this morning’s dip —almost— warrants a market dislocation buy, mainly due to the semi’s not acknowledging a significant uptick in business. I mean, fucking [[TXN]] beat the street. Those queers never beat anything.
Into this dip, I want to be long 4g plays [[ALU]] and [[STAR]]. And, I like [[TBSI]], [[ODP]], [[CAVM]], [[CIEN]], [[GMXR]], [[LVLT]], [[CROX]] and [[TER]].
One final thing, I want to acknowledge the kickass stock picking work of Chart Addict. That fucker has been knocking the cover off the ball, most recently with his [[THC]] and [[FEED]] calls. Great job.
If you enjoy the content at iBankCoin, please follow us on Twitter
Fly-
If you had to pick one of the 4g plays, what would it be?
alu
Actually TXN did beat earnings back in 1972 when they came out with the first consumer calculator (retail $149.99).
http://www.vintagecalculators.com/html/ti_cal-tech.html
But then again GM was about $80/share.
I still use my HP12C calculator, tc. wouldn’t leave home without it.
Alo, mon frere Le Fly!
Sanc you zo mooch for dah Egg-zee-lent “tumbs up” on zee “Alu Alu!”
Haw-haw-haw-haw! You are trooly ze “ami” of zee sirty-foah howah work week!
Off to ze vacance! Bon jour!
___________
J —
Isn’t the HP-12c a Hewlett Packard calculator?
I’ve still got my 18b2, btw.
______
Fly, perhaps instead of “Blogs” as the heading for you guys, the heading could be “Distinguished Gentlemen” or some such, distinguished title. This would differentiate the tabbed bloggers from the Peanut Gallery, which at the moment, seems more important (by pixel size) than the tabbed bloggers.
If I were a new visitor to the site, I would be inclined to think the Peanut Gallery and The King of the Peanut Gallery were the best parts of the site, simply because of the amount of pixels/space those tabs take.
cool bus on the picture of this thread, does Devildog own that?
Very funny watching the lady behind the one with the pink sign trying to look around the sign so she can watch Timmy “Tap Tap” Geithner testify.
Reminds me of going to a movie and the person in front to you is talking on a cell.
Very annoying.
Jake:
Yea the 12 c is a calc.
Fly:
Why are you giving the Riff Raff all your trade ideas. Shouldn’t that shit be getting published on the ppt 🙂
concerned paying customer.
Financials are not out of the woods, the prior rally will be hammered down. BK is getting hammered.
Yellow Bus Ballin’
http://www.youtube.com/watch?v=YPNJjL9iznY&fmt=18
J, in my opinion, this blog is part of the whole of iBankCoin. without this section of the blog the PPT fades into oblivion. the PPT was born from this, this is the mothership. without sharing buy and sells on this part, this mothership, the heart of it all dies, if this dies, the PPT dies.
not speaking for Fly, but business is business, growing one bigger requires a strategy.
Google and Yahoo give their search engines away for free to generate income from ads. if they charge to search, they would go bankrupt because no one would go there and someone else would offer a free search engine.
If Fly wants to build this site to bigger and bigger fame and knock TheStreet into the dirt, he has to keep going and build this as it is, you have to have a reason for newcomers to want to buy into the PPT and without posting as he is here, the newcomers will have no reason to buy the PPT.
carry on.
Artist:
I did put up a slimey, er smiley face. It wasn’t deep thinking stuff. It was just a casual comment… like:
“Devil-dog, you’re a freaking redneck lying swine” whenever I see one of his comments… Just a casual reaction in an otherwise insane world.
Why is C 8% up. Did Pandit announce his pregnancy or something. Anyone know why?
Thanks!
Geopolitical risk is increasing, trade accordingly.
PPT: Lot’s of upside potential. Quoted from TSCM 10-K on Maoxian:
“Subscription revenue for the year ended December 31, 2008 ($30,376,549) decreased by 11% when compared to the year ended December 31, 2007 ($34,119,565). . . .
revenue specifically from our subscription services business decreased by 7%, the result of a 9% decrease in subscribers to our subscription services from approximately 85,600 as of December 31, 2007 to approximately 77,600 as of December 31, 2008”
http://maoxian.com/archive/thestreetcoms-subscription-business/
PPT must already be up to 300 subs in just a few months. TSCM has been around for 12 years!
Smelling a reversal of the reversal.
SMH faded and didn’t even get back close to the point where it was when the overall market was down and Q’s underperforming.
Gold stocks could reverse again (up this time).
Going to cook some FLY steaks on the grill. The casino can wait for now. When and if it becomes a market I will play again. This is the time I have fun!
Devildog, did you go to Sebring this year?
Just an update from my post earlier I bought 6500 DXO at $2.48.
Again my thesis on oil is still the same, buy dips and sell rips when the price action stalls. I would also start nibbling at UNG at $14.00 like a rat but even slower.
Not sure how many unique visitors per month Fly has but I believe he may be a gazillionaire just from the blog.
http://online.wsj.com/article/SB124026415808636575.html
Can I borrow your weed whacker?
THE FLY CASH BUS taking leeches to school !!!
no doom and gloom talk today? what’s up?
I call bullshit.
6 week rally everyone was talking “it’s all better”
one day of a drop (yesterday) and all the talk is guns and civil unrest and shit hitting the fan.
one day later, today, not one word of doom and gloom?
take a fucking side and stick with it.
Nice cash reserve, there are so many of us leveraged up, but we’re not makin any more money from it.
“take a fucking side and stick with it.”
No doubt. Looks like Fly got some new clip art pics from the $2 PPT proceeds. ‘Good for you, special guy’
“I still use my HP12C calculator, tc.”
That’s nutin’. I still have my circular slide rule. I love showing it to people to figure out.
if i may be so bold..to change the topic to a stock chart..take a look at SPIL sporting a nice looking setup..imo. Please direct our Navy Seal Sniper unit to shoot Kneale 86 times in the head..stupid gay fuck
like the new set up FLY
Financials (XLF) go up and Q’s don’t.
QID could be good scalping when and if this rally fades this PM.
Sitting and watching.
Oh the delicious irony of it all.
Oh the delicious irony of it all
On green days he’s busy stocking up the cave with canned food.
Setting up for a WTF close today.
‘The Fly’:
One more suggestion re: your new tab-bar…you should extricate yourself from the general list of ‘Blogs’ and have your own button b/w it and ‘Home’.
Afterall, you’re the face of this here operation…
2c.
Lost my Patience With Cash!!!
bought 15,000 CROX @ 1.91
this is insane. HBAN down 25% yesterday, down another 27% this morning, then from a low of 2.15 in before hours to a low of 2.30 in normal hours to shoot up 50% to 3.50 in three and one half hours!!
what a crazy day this has been.
no one wanted bank stocks yesterday, everyone wanted them today, maybe no one will want them again tomorrow? shit at this rate maybe no one will want them in the next hour?
lets make a prediction shall we. the winner will win a 7 pound bag of M&M’s (minus the M&M’s of course)
sell off or a second rip up beyond where we stand now by 4:00pm?
Added some SFLY and now have no cash..
Fly I’ll never learn!
“sell off or a second rip up…”
I vote for a rip off or a sell up.
I say NAZ (NASDAQ) ends down a minimum 20 points.
Although I would be short Q’s, SMH, or long QID as they are underperforming NAZ .
yes I second that Dpeezy, there should be a Fly tab, next to “home” and I would take it a step further, I kinda am not a fan of the drop down boxes, but this is just my visual opinion, I would do away with the drop down “blogs” box and use a double stack with each persons name on it (I know space on one line is getting tight now with more people) and their logo or picture so each person is up and seen. It looks more “personal” that way and the drop down box looses the personal side of a blog site…..
carry on.
Wow!!
Those directors at C must have done a good job in the past year as they were all relected by at least 70%.
building short positions in shld and amzn…
don’t know if this link will work right, I hope is does not re-direct to some crazy picture other than what it is, but this goes with the bus picture. this is a UPS truck built by AirRide suspension, it is in my dealer catalog front page pic.
http://www.hotrods.de/images/UPSpainted01.jpg
The elivator broke and the patients are running the asylum.
Gives new meaning to the UPS slogan “Big Brown”.
Hey HenryFool-
Waz up with DVAX? I personally got out with an unmemmorable loss. One hit wonder if in under .75?
Henry Fool
Waz up , err down with DVAX? One hit wonder?
Prof Says…
AMZN short, I was thinking about that yesterday when I heard that congress was going to re address the tax on e-commerce.
Citi upgrade to buy.
Possible poor earnings report.
RSI over 60
I believe that is a good bet.