This is a Fantasy Island market, where all of your wishes come true. All of the recent buying, bidding up the Dow by 40%, was validated with today’s better than expected employment number. This is how it works, in small increments. We are trying to turn around a 12 trillion (or 13, who’s counting) economy. It takes time.
Thus far, during today’s trading session, all I have been hearing and seeing is denial. People are selling because they do not believe the numbers. That’s fine. Let people sell off on good numbers; I will buy the dips.
With that in mind, today’s intra-day action is somewhat bearish. I can sense the fuckery, whereby people are intent on seeing the market close in the red. However, I still believe, it is worth the risk being long here. The news is just too good and the momentum is undeniable.
An old favorite, MVIS, is popping today, based on rumors that the company is set to unveil an OEM partner, possibly AAPL. For the record, I still own a token 10,000 shares, mainly for sentimental reasons.
Within my positions, I am most impressed with FITB, ENTR, IR and TRID.
If forced, by gun point, to choose a stock, I’d buy TRID, then proceed to take a nap, shortly thereafter.
UPDATE: Just to quell MVIS requests, all I heard was a “strategic partnership is possible” which would eliminate the need for the company to raise new capital. I am not buying the rumor.
FIG
good morning
Damn.
I miss the midget and the fine Corinthian leather.
Hope mvis will not tank. I missed the chance to unload. Whats your take on MVIS in the next few weeks, Fly?
The USD lost 6% nominal value this month, so if your portfolio is up 6% in this time period, you’ve just about been treading water.
Less than 6%-you’ve been gang-raped by Ben and Tim.
6%-You’ve just lost a month of your life.
Gains of 6%-13% you’re Australian.
Gains 13%+, take the cash and emmigrate!
Fly, IR is officially going to be out of the S&P 500 on some TBA date. Is this just getting propped up before the index funds have to dump it at that time? Would have expected some piling on to try and drive it down. thx
How fuckin gay is Kidstock (suckcock) with his ….FIG.
The stock blows dude and so do you.
Suck it.
USenron: Just wait until gold pops over $1000, then you will really start seeing what inflation can do. Anyone holding cash is going to be losing everything.
I need to save this post for posterity.
Oops, yer getting ahead me there (again).
Mr. Russell has some good news and bad, ovah heah.
Shoutouts to Woody and Henry.
_____
For someone who for nearly the better part of the year has been happy with “shiny metals” – I’m beginning to have second thoughts to the whole “inflation-shiny metals” trade.
why would you feel that way, Cuervos… The major move has yet to happen. This is a chance to buy more.
Come on Fly, quaff once again from the gem encrusted chalice filled with purple cool-aid that is MVIS. If you really got serious about it, you and your followers could buy a large percentage of the float and make the stock your new religion. The gates of Nirvana could be yours.
Disclaimer: Or you could die in a Jim Jones type spasm.
It really is “Worth the Risk.”
IR is moving HQ to Ireland. Buy any S&P 500 elimination dip.
Damn! There’s no stopping RTI!
inflation will happen..just not yet..think mid 2010..I hope all the GM fucking dealerships catch fire via a massive lightening strike to the finance mgrs office at each location..sending Joey fucking Dickweed running for his life…Ray Liotta Goodfella’s style while being shot at from helicopters..fuck the UAW -twice on Sunday.
hey, nice pic of nouriel roubini you got up there.
MVIS agghhhh! did I not post last night “oh, I’m looking at that one”. still always late. getting there.
inflation is overrated. there will be a rush for the exits soon.
Dear Fly…homo hammer coming to a rectum near you…starting with todays close. Get ready…protect those gains or else.
Thank you, FLY, for ROSE. It is doing well.
LOFL. Holy crap, that bug-eyed, close-up Salvador Dali ad may be your best yet.
These pics all look like they’re coming from the same coffee table photo book — is Jeremy sourcing them?
_____________
whats the Fed to do now? Rates set at 0%, inflation taking shape, oil goes from $35 to $70, big companies going under, unemployment soaring…
My guess is they change bias to raising rates, but don’t touch them. And that will be the case until they have to replace the dollar as the world’s reserve currency.
I am selling short this market for a DAY-TRADE ONLY! Will cover at end of day…
On Friday after a 3.5% gain, I am assuming people will take profits…plus that 950 resistance really troubled me when we coudnt break it.
Bear in mind, 950 was A HUGE resistance in the tech bear market.
Fly,
With MVIS having a fully functioning product now and the Green Laser ready to go with mass units expected in 6 months or so I would say there’s the juice behind the partnership rumor. You were so bullish on this stock a while back, I’m suprised you’re not buying big right now. I added to my position at $2.67 today. Thanks for your input on the matter. You’re a true Champion!