It’s obvious the market is having a difficult time breaking through 8,000, mainly due to men with small brains and straight rulers. Nonetheless, I view these dips as opportunity to leg into positions, namely in distressed tech and/or retail. Call me a banana salesman if you must, but I am not selling my [[CROX]] position here. As a matter of fact, I added to it this morning. However, I did balance out my karma, by selling [[ODP]] for a half way egregious profit.
I think it’s possible to see 500 points down, but 1,500 points up, within the next 3-6 months. I know the employment issue persists. However, I have faith in government criminality to lead the way. But, with part of the stress test results looming in the balance, it is possible we will sell off into that fuckery, but then reverse higher after the faux report is released.
Despite a myriad of good earnings, for the most part, tech is weak this morning, with the semis leading the way lower. I like the sector, but will not buy too much on the initial leg lower. As you know, those bastards can slice 20% off their respective share prices within days. It’s best to sit patient and buy at a measured pace.
Within tech, I like CDNS, ALU and RFMD, on dips. I like many other names too. But for now, those are a few I am eyeballing. In all fairness, ALU is a name that I will probably be buying over a long period of time, barring a fucking black helicopter assassination of their CEO or parabolic move up.
To sum up my feelings, as always, The Great Fuckery will clip your balls and use them to play pool, if you are not careful. Do not misconstrue sharp market gyrations as definitive moves. If we have learned anything, it is: do not believe your eyes, unless of course you can taste them (that made no sense, on purpose of course).
NOTE: I am long a small amount of STAR, but will not be adding any into earnings.
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oops
General Motors won’t make its $1 billion debt payment on June 1, and it is looking for a debt-for-equity exchange or court protection to lower its debt.
The company’s chief financial officer, Ray Young, said a trip to bankruptcy court is “probable,” the Wall Street Journal reported. GM is trying to reduce its $28 billion debt load.
knowing the fuckery the media and government are capable of, they will goose the market straight to 10000.
but, I see that the market has stalled here flat out. we rocketed up for 6 weeks and stocks have flat lined for 5 days now.
I believe the media, in bed with the government, will goose the bitch up with lies as much as they can. Their scheme will be to only talk about any good news during the day and gloss over the bad, AND they do a good job in taking the bad news and turning it around to their favor by ending the topic with some made up “thesis on the bright spot”. I see they are doing this right now.
Only the smartest of market players in mass will look past the fuckery and drive the market back to where it should be which is down, way down from here, but this might not happen, as the media can pump this bitch up with their falsery in two seconds.
I see the market still going up from here as much as I would love to short, I will not. I see the market, on purely dumb fuck media lies going up again.
But, we have stalled and this is either the eye of the rally and we rip up again soon, or this is a calm that people are deciding whether the lies will hold water or not.
I’m putting in tight stops and letting it ride.
we’ll see.
on other topics:
Fly, when you get a chance, post your top 10 players in this future 4G area.
HANS BTFO
7th week up….time for a retreat troops..fall back- or get stomped.
Dollar dropping. Tough stuff for dah bearz.
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SLW!
RGLD!
As the King of Siam would say:
Et-cetera, Et-cetera, Et-cetera!
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Jake:
the buck is a little down, but I would hardly call it dropping, doncha think?
I bought some dollar yen just a tad below 98. I think we could head over 100 again. If we get over 100 and it holds firm I’m doubling up as this shit is headed, by hook or by crook, to 130 ish. They can only make it with a weak yen strategy or they’re seriously fucked.
And don’t gamble on the better China story rubbing off on the Japanese as that shit simply isn’t going to happen. They’re fucked unless they end up with a very weak Yen. !30 won’t be the end of the game either as that piece of crap currency is heading to 180-200 in the next 7 10 years.
Master Fly,
Since you don’t want something like ITT or HRS with Obama, can I offer you some HSTX?
US banks may need $1 trillion after stress test And where the fuck are they going to get this money from ?
If the Govt. is going to give them that $1 trillion using tax payer money I am taking to the streets. And you fuckers better follow if you have any balls or pride in this great nation of ours. This is robbery and will only end with the blood of the ‘pirates’ in DC and WallStreet.
Asshole
You are not taking to any streets. You will shut the fuck up and read iBankCoin and read about me bitching and moaning, while you stuff your fat face with pastries, while attempting to….well you know the rest.
@j – if UUP hits 25.55 today then it’ll definitely be over for the bears short term.
LU stole my eyes once. I am hesitant to buy ALU. However, very happy to see Russo get the axe. Lots of senior mgmt changes there, probably a good thing.
Lots of stocks beating lowered guidance and guiding in line has been helping this market to hold its gains.
However when comparing earnings to 1950-1970 levels the great fuckery continues !
I think AAPL and CMG tell the real story of the tape short term…..
There are still some sea creatures with eyeballs on their tongues. I bet their eyes taste a bit salty. The schools aren’t large enough to mention on news nor are they small enough to be grouped with the endangered list. Sort of like the middle class. Did that make sense?
LU stole my eyes once.
LOL!
Well…. I got bettah!
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I know this looks bad, but down 70 and SRS/FAZ are unchanged.
THE GREAT FUCKERY.
My original Final Four opponent — who beat me in the first round, I might add — has been knocking the cover off the ball the last two days…
Checkout WGOV!
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JPM and XLF will lead today.
Here! Here! CAP- I’m with you. Bring back black Friday in Washington first, then on Wall St.
Fly, great pick on NTGR , but arse for NVLS and CDNS.
I bought 2k shrs of lvlt at 1.01.
TC, not sure about jpm and xlf leading the way.
check this out:
http://online.wsj.com/mdc/public/page/2_3022-mflppg-moneyflow.html
XLF is being sold on strength.
The story is not over for cdns, nvls.
You have the patience of a hungry gorilla in a banana tree.
Just checked my technical charts and the market is putting in a top. Look out for a down trend continuation very soon. This may fail, of course, because it hasn’t happened yet, but this is the current prediction.
Any thoughts on shorting aapl? The may 110 and 105 puts all have great volume, and so far they lead the money outflow table.
The Fly subscribes to Guy Adami’s Advantage Point
Sorry for sharing your ‘little’ secret with the world Senor but you forced my hand.
Cuervos and j
[email protected] and holding @25.65
A very low blow Mr. Cap. You will pay for this affront.
Fly,
Take a look at King of the Britons today… down before earnings, but now catching a bid.
Same with AMKR, btw. Right on the uptrend line as we speak. (3.76)
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“I know this looks bad, but down 70 and SRS/FAZ are unchanged.”
Makes about as much sense as Arthur Laffer’s hairstyle
I think Arthur’s hair looks loovely
She looks like John Riggins from 82 Redskins
LVLT is going to .90 just like FAZ, Odd no?
mckbill, you’re an idiot if you read that comment and had to think about its meaning!
Nothing the FLy says makes sense, for he speaks in riddles.
I’m not buying that Susan Boyle thing. I know for a fact that John Belushi is alive and in drag.
ballZ
Your Panormos Pizza should be arriving shortly.