The new iPhone is going to be fucking huge. Back in the old days, “The Fly” only saw value in rotary phones and “drug dealer style” beepers. However, he has seen the light, with regards to gadgets and how they infect the minds of the weak. People will buy the new iPhone, even if it meant starving their newborns or killing their dogs.
The obvious winner is Apple Inc. [[AAPL]] . But, I’ve been playing the launch, indirectly, via OmniVision Technologies, Inc. [[OVTI]] . For the first time ever, a video camera will be in the iPhone and OVTI is the supplier. Can you say “better than expected earnings”?
Other beneficiaries of the new phone are Cypress Semiconductor Corporation [[CY]] , Synaptics, Incorporated [[SYNA]] and Starent Networks Corp. [[STAR]] . Both CY and SYNA enable touch screen functions, while STAR is the dominant leader in core routers. In other words, you would not have internet access, for your iPhone, Blackberry or any other smart phone, without STAR.
Additionally, Alcatel-Lucent (ADR) [[ALU]] and [[ERIC]] are key players in building out the new 4g network. If those euro-trash types could get their acts together, both stocks could run much, much higher.
As for today’s trading:
Oil and gas stocks are weak, while banks spiral higher. Unfortunately, tech is sitting this rally out, which means the market can sell off into the bell. Without a doubt, this market is becoming quite cumbersome to gauge and trade.
Good news for you leveraged ETF home gamers: The bastards from Pro-shares have decided to launch a new set of leveraged ETF’s, based upon the success of wiping out the majority of investors in their previous products.
Here are the new 200% long/short ETF’s:
Long
EET: Pac rim, ex-Japan
XPP: China
EZJ: Japan
EFO: Europe
Short
EPV: Europe
JPX: Pac rim, ex-Japan
BZQ: Brazil
SMK: Mexico
Enjoy!
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short them now, they are all destined for 0
http://www.youtube.com/watch?v=bJd4-lTZf1k
FLY
You need to call me back to schedule a time to workout. Ive called you three times already.
Your body fat is at a 22%.
Call me or die from a heart attack.
Mitch
I will never….NEVER TRADE any of those levered ETFS again. I have lost everytime I try to trade those 2x inverse ETF’s
swks play on appl
Pete…if you have lost everytime you trade an ETF…perhaps you should not trade..try buying a CD.
Fly what do you think of RIMM before earnings?
Never short a dull market.
And this one is dull.
I suspect the TradeBots are getting warmed up for the last hour shenanigans.
No way I touch RIMM before earnings.
LMAO chivas’
lol chivas – i wonder if josh knight the infamous josh1ngu?
chivas..fucking funny…and joshs’ conviction reminded me of myself some years ago re. charts
I think it’s particularly “odd,no?” that Chivas’s bear video was produced by a combo of the two biggest bears out their…
Josh
Knight.
__________
Yup…I see plenty of people in the Unemployment lines using their Iphones…
104 Billion in Bonds next week
http://zerohedge.blogspot.com/2009/06/next-week-treasury-supply-on-deck-104.html
fly – you like CHU as a play on the iphone in China?
Bears are getting Debo’d into the bell.
It’s a good thing I knew to look up “debo” in the Urban Dictionary otherwise I would be lost.
I thought it had something to do with Little Debbies.
Debo’d…
http://www.youtube.com/watch?v=4FzD33xFwZA
I can’t stand Terranova.
Was he allowed to hit him after he called him a “homie”?
Isn’t that a breach of ‘hood ethics?
RIMM not acting well into the close
only thing looking REALLY good is TBT….bring on that supply next week…
Fly, you have been all over the map this week. The return of Horatio, losing patience now iPhone 3.0 and rally monkeys. I won’t even mention your charts. Summer is for fun not trading. Maybe it’s time for a trip to Romania.
Sent from my iPhone.
Fly…..correct again.
http://www.youtube.com/watch?v=bbvbu4pg3bs
Terranova = dickweasel….odd no.
Hope Gio stays in Cali.
Kim Jong il preps his paper airplanes to throw at Hawaii…
http://www.breitbart.com/article.php?id=D98SVB700&show_article=1
.
Think about playing NUAN – they have their hands in the 3GS.
more gas for your time machine after the mets loaded up the bases in the 9th…
EXCELLENT. I love EPIC Met losses. All should tune into http://www.wfan.com in about 1 hr to hear rabid Met fans lose their cool.
True comedy.
BTW: I will put the bull painting BACK on the wall tonight.
BTW: I will put the bull painting BACK on the wall tonight
Meddling with divine intervention again, I see. Flexing your Godly powers.
“Ursus Devildogus” may not take so kindly to this…
(Note: I am NOT referring to said Bear-god’s meddling earthly servant who, while similarly named, is merely a tiny speck in this godly game)