iBankCoin

Time to Break Teeth

Enough of this homo-tape. We need crowbars to the mouth, in order to establish discipline in this market. You know, it really pisses me off that all these retarded talking heads are espousing a “summer sell-off,” or “resting period” for the markets. Guys like THE COMMODITY KING aka Dennis Gartman, who have been wrong since birth, are calling for an extended period of market weakness, due to what? Due to the fucking lines on their charts, breaking meaningless moving averages? You have to be fucking kidding me. Just because everyone believes in the tooth fairy doesn’t make it true, if you know what I mean.

Fuck off and cop a walk.

Nothing has changed from two weeks ago. We are still in the same crappy economy and people are still losers. But is fair value for the Dow 8,300 or the same value of 11 years ago?

People need to chill the fuck out and drink more. You fuckers need more alcohol in your bloodstream and less opinions coming from your stupid mouths.

“The Fly” has allocated zero resources towards tolerating nonsensical prattling, from the likes of CNBC or blogosphere “experts,” most whom have never had to put real money on the line, minus their bullshit 5 figure 401k plans or queered out online trading accounts. Don’t talk to me about your plans or what you think will happen: I don’t care.

I have things to do, important things.

Into today’s dip, OmniVision Technologies, Inc. [[OVTI]] , Flotek Industries, Inc. [[FTK]] and Umpqua Holdings Corporation [[UMPQ]] are buys, to suggest otherwise is plain ol’ blasphemy.

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47 comments

  1. TraderCaddy

    What is Flotek?
    Sounds like they make low flush toilets.

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  2. The Fly

    Yeah, it’s a toilet bowl stock that I keep flushing my money down.

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  3. Anton Cigur

    Silence!

    Jim Cramer is speaking!

    He used to have a hedge fund.

    And a wife.

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  4. People following the Fly’s blog/PPT.

    How many shares of FTK do you own???????

    I have a feeling we are majority shareholders.

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  5. Captain Anarchy
    Captain Anarchy

    “And a wife”

    And Hair (or was he born like that?)

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  6. FTK owner 1

    “How many shares of FTK do you own???????”
    29K

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  7. Anton Cigur

    If by “like that” you mean tiny, ugly and screaming,
    yes.

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  8. 10k shares ftk

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  9. just kidding, i own 4k ftk…10k fnsr

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  10. masterpain

    WE are all fucked get use to it . Luv your bullishness..do you see green shoots when you sleep? Only reason market goes higher here is if people get scared of their worthless dollars

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  11. Beer me up

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  12. Controller

    10k shares of FTK, let go of 20k at 2.88 a few days ago. Should have sold it all.

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  13. nation81

    drunkest guy ever

    http://www.youtube.com/watch?v=3Fj0l3n3Asw&feature=related

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  14. OO

    drunkest guy ever

    http://www.youtube.com/watch?v=Rx8mGE9vSYM

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  15. JakeGint

    I have 10k shares. I won’t even look at them. Let them rot, fester, whatevah, in the back of my closet.

    That’s why it’s down btw. Every now and then I actually buy a stock that the Fly is really into, just to see if the ole “mojo” still works.

    Apparently, it does.

    ___

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  16. OO that is awful

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  17. FTKGentleman

    Fly,
    Can I tender my shares of FTK for PPT membership?

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  18. blues

    “But is fair value for the Dow 8,300 or the same value of 11 years ago”

    Fly, are you fucking kidding me?! SPX DESERVE TO BE IN 200s!

    Economy as a whole are we better off then in 1980s? We got a DEBT that’s fucking way more then 1980s! Our quality of job is in hell. Ya, we got more Walmart worker on minimum wages while high pay GM and other high tech job are all exported! So WTF we got?! AMERICA IS DOOMED! All we got is a fucking service economy and what we going to do? Service ourself to death? Without manufactory job, we can not suck money from other country and therefore NO FUCKING GROWTH! I think the last stunt of Wall Street was a desperate attemped to suck money from other country and now everyone is beein sucked dry. We are all fucked!

    Anyway, our economy is in a shit hole with high debt both government and citizen. You tell me why should market go higher?! Our quality of job and living is going down and states are all running out of money. Gee McFly, think!

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  19. GR8

    Well I took this opportunity to pick up some UNG long and also with a few Jan 10 14 calls to jack the return if it moves. Yes I know all about reserves and inventory. I’m out if we get a daily close below 13.00 Come on in 🙂

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  20. MetFan

    Can I tender my FTK stock for a bleacher seat?

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  21. OO

    Blues, are you Asian? You sure talk/type like you are.

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  22. Blues is the asian guy in “The Hangover”

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  23. White castle

    You can tender your FTK here sir

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  24. KimJongIl

    You got a problem?

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  25. ZenProfit

    FTK: 3,500 shr

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  26. The Fly

    HERE COMES THE TOOTHFAIRY.

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  27. mrsbuttons

    Anybody see Cramer’s father? Was on the show…now we know where Cramer gets his mouth and good looks from…oh if he’d only kept that zipper locked 50 years ago…why do they insist on spawning? at least salmonare edible…and kinda cute…

    ey I am looking for a free software (or cheap) program for manuscript writing compatible with msft office WORD 2007 ..somehow I think we have some great writers here…I am hoping they are smart and cheap…HUN gapping here

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  28. GA

    Any and all late day rallys will be faded.

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  29. Def Leotard

    Ask yourself where the Primary Trend is. Ask yourself where th line of least resistance is. Ask yourself where your stop loss is.

    Then take a drink.

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  30. The Fly

    JOE TERRANOVA SHOULD BE ARRESTED FOR BEING A FUCKTARD.

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  31. dave

    American manufacturing is really an oxymoron.

    Apple,Cisco,Dell etc… are American in name only. They may as well be headquartered in Asia.

    China is building the Airbus A320(just completed their first production aircraft). How long will it be before Boeing shifts a large portion of manufacturing there?

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  32. toobusytootrade
    toobusytootrade

    i work in the oil biz.

    FTK is a POS company. It might be an interesting trade but their toys and chemicals are nothing special. We’re all sitting in stocks like KMP and SE while all this blows up.

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  33. JAFO

    Fly,

    Agreed…Dan Quail would probably beat Terranova in a spelling B. He should not be associated with the securities business in any way whatsoever.

    JAFO

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  34. ZenProfit

    dave:

    “How long will it be before Boeing shifts a large portion of manufacturing there?”

    80% already outsourced:

    http://www.foxbusiness.com/search-results/m/22789671/diamond-district-outsourcing-the-787.htm

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  35. ZenProfit

    JAFO:

    James Danforth “Dan” Quayle

    http://en.wikipedia.org/wiki/Dan_Quayle

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  36. GR8

    OK FLY, you can’t possible call Najarian a fucktard, right?
    I bet his account destroys all those other talking heads combined. Him and his brother are the real deal.

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  37. The Fly

    CROWBAR TIME

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  38. Ciccarelli

    Fly,

    The source of your recent wrath seem to originate with Guy Adami speaking in a bearish tone, thus altering the plan to scale back, or at least hedge. Odd no?

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  39. Brushbuck

    I,too, followed Fly into the FTK outhouse: 20k shares at 2.65.

    Fly, time todouble down or GTFO?

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  40. Reason's Voice

    Fly,

    You’re being irrational. From mid-March to last week, every piece of less-bad news was a green shoot. Now it’s the same piece of shit it was from 9/08-3/09…bad news about a bad economy. When the sentiment changes, it changes. Roll with it. That’s why you USED to be good.

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  41. banker

    we are still selling ftk, fair price for it buck fifty… nah, just kidding

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  42. CavemanForecaster

    I know you don’t like the charts Fly, today is sure looking like a boring ass doji candlestick on the market charts. Which suggests a rest before continuing on this downward move. Still seems to me this rally is over, she’s losing power cap’n!

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  43. ToddinFL

    The Fly said:

    “People need to chill the fuck out and drink more.”

    Interesting thoughts for the market on a summer Tuesday afternoon. It is indeed hot enough to drink more, I’ll give you that …

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  44. retox

    “People need to chill the fuck out and drink more. You fuckers need more alcohol in your bloodstream…”

    On that very wise note,

    We have friends over for the week and the drinks are flowing:

    The #1 drink so far – behold the “wedding cake martini”

    4 ½ oz fresh pineapple juice
    1 ½ oz of vanilla vodka – even suckers for ultra-premium vodka realize that Absolute has the best vanilla flavoured (sic) vodka
    1 teaspoon of maraschino cherry juice
    add to a shaker with ice and shake the living fuck out of it

    Prep a martini glass with a maraschino cherry and a dash of cherry juice

    Pour drink into the glass – the froth looks like icing and oh hell yes, you can not stop drinking this shit. Besides, your woman will be impressed that you know how to do something other than sit in front of the fucking computer in your underwear.

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  45. retox

    whoever was looking for free MS Office compatible WP software:

    http://why.openoffice.org/

    came from Sun Micro “Star Office” good free shit.

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  46. mrs.buttons

    that would be me retox…thanks for the link and the boozefest drinkie poo…love yer handle:)

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  47. artha

    momentum robots are what moves this market. attempts by human traders to explain what’s happening are just useless poetry. that’s why you really do have to look at charts now. its rolling over, so it will roll and the momentum algos will make sure it rolls hard.

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