Clarity
Just a quick update on my market positions, not a big deal.
I am still bullish on the indices, despite head and shoulders and retarded necklines being broken. Anyone with a half a brain and a net worth more than 50k could care less about such nonsense. I am not bullish on banks, CRE and small crap, even though I am long Flotek Industries, Inc. (FTK: 1.43 0.00%) and (ENTR: 4.87 0.00%) . Consider them my pets.
I am very bullish on technology stocks, specifically companies that are playing notable roles in building out the 4g network (LTE) and anything to do with production of smartphones. Moreover, I am bullish on Corning Incorporated (GLW: 18.88 0.00%) , due to their dominance in glass. Remember, they do not make the glass for your bullshit house. They make glass substrates, most commonly used in LCD’s. And, expect to see GLW play a significant part in the smartphone area too, as phones move to touchscreen.
Finally, within smartphones, I am most impressed with the iPhone. Therefore, any company putting chips or parts into iPhones are worth my investment dollars, such as OmniVision Technologies, Inc. (OVTI: 15.96 0.00%) .
NOTE: I am not stuck on bullshit. Should this tape continue to deteriorate, I will hedge quick and heavy: I promise.
good for you
Sweet Dreams - http://www.youtube.com/watch?v=lbFgEA1lfx8
Will u sell out GLW if things get ugly?
My house happens to be made entirely of glass substrate, an excellent insulator, I might add. So go fuck a chicken.
In the meanwhile, I just got back from the Dylan concert.
The Old Man still rocks, and so do all the old Boomer losers who love him (in a hilarious fashion).
_________
Jake..goin to see Dylan, Willie Nelson and John Mellancamp next week..In a very cool venue where you can mingle and get close access to stage and beer tubs are abundant.Can t do arena concerts anymore ..no fun
I can’t stand the noise, m’self. Smaller venues from now on.
_____
One day at a time, pant pissers.
AUO to go with GLW
although ‘ring’ is an incompetent idiot. his quite simple comment is neatly relevant, ignorant and supercilious all at the same time. i believe ‘ring’ is simultaneously an immigrant, midget, cocksucker, not that there’s anything wrong with being a midget.
Wasabi
Out of curiosity and innocuous three words from Ring has illicited that comment from you? Huh?
“innocuous”?!
That is the strangest use of that word I have ever seen.
I will now go off on a rant with the fury of a thousand poo flinging monkeys.
Top Picks:
Golf Course and Cash
875 was turned back and personally I don’t think we break it with jobs getting better now. I want to be a grizzly but I can’t get rid of these horns.
Gappy…seriously…some of your comments make me think you are pretty smart…and then you make these sorta comments and I think some dolt stole your moniker. One jobs data point does not make a trend. If you look objectively at all the data…the current environment looks pretty tough. We have a long uphill battle in front of us. If you have horns…they should not be too prominent at this point.
United Airlines broke my guitar!
Very funny, catchy song by a band that has been fighting with United over broken instruments.
http://www.youtube.com/watch?v=5YGc4zOqozo
I see that my old econ prof is back with another video.
http://www.youtube.com/watch?v=Y7ZN2F_7K7U&feature=player_embedded
Fly,
you’ll love this:
http://www.youtube.com/watch?v=Cvd8yzJcZ9w&feature=related
Sold 2,500 of my IOC @26.15 $2,000 profit
I’m still long 5,000 though @ about 28.60
Wow, king, you could buy a Gulfstream 650 with that sorta profit.
Actually I’ll be buying a Cantori writing table for the guest house…thank you sir for your concern. Now go open your parents mail.
http://www.cantori.it
This is the GAY-est web site intro page I have ever seen. Even if it is in Italian.
But really great furniture. Yeah right.
interesting excerpt from Art Cashin’s morning letter, housing related:
U.S. Housing Getting Less Bad? Er…..Hold That Thought – Whitney Tilson and Glenn Tongue, the key partners of the somewhat eponymous T2 Partners have put out a formidable review (over a hundred pages) of the status of the U.S. housing market. They are not optimistic. Here are some key points as synopsized on Henry Blodget’s web-log:
Here’s the bottom line on home prices:
• We are in the “middle innings” of the mortgage and foreclosure crisis
• House prices have at least another 15%-20% to fall and won’t bottom until the middle of next year.
• The recent signs of stabilization are the “mother of all head fakes.”
Here’s the bottom line on the mortgage side:
• Banks have taken less than half of the losses they’ll ultimately have to recognize on all those crappy loans.
• Subprime is old news, but delinquencies on Alt-As, Option ARMs, Prime, Jumbo Prime, and HELOCs (Home Equity
Lines Of Credit) are soaring
• Mortgage mods aren’t working
• Foreclosures will continue to soar, especially as a new wave of Alt-A mortgage resets begins to hit later this year.
Brother Can You Spare A Dime? Er…..Maybe A Penny? – There are other indications that mortgage valuations remain very, very depressed. In a press release dated July 1, a bank holding company based in Denver announced they had sold $47.3 million of “lower tranche mortgage backed securities. While the face value may have been $47.3 million, the package traded for a paltry $378,000. That’s less than a penny on the dollar. What other skeletons are in what other closets?
AIG = elevator shaft…..
You were spot on with your “short with impunity” call a few days ago. I was tempted, but didnt.
Did you?
No, had I shorted it, I would have ruined it for all that were already in, since the second I would have pulled the trigger it would have shot up 30%.
So I remained on the sidelines so others could benifit from the fall. that’s the kind of nice guy I am……
See I also thought about buying GLW long but if I had I would have ruined it for Fly, which 10 seconds after I bought it it would have dropped to 7.50, so in order for Fly to reap massive coin, I should short GLW and it will rip up within the hour.
don’t you know.
but in all seriousness, AIG should print 3.00 pretty soon, I might still short it if my trading platform has any shares to let me borrow. Their business model is broken and I can’t see them building anything back anytime soon.
I’m currently watching the airlines, If oil prints lower and lower, as depressed as the airline stocks are now, they will creep higher over the fall. I have bought UAUA here and will add if it goes lower.
“don’t you know”
Sadly, yes I do. I seem to be afflicted with the same talent. Good thinking with airlines, oil in all kinds of trouble now, it can’t catch a bid today even though the dollar is down too.
market just farted at bulls face
Better take another whiff, buttsniffer.
its the bulls that are sniffing and having dreams
Commercial real estate back on the table….
Fly, revise your dead horsemen on CRE stock symbols, is MAC your 1st pick for sure death when that day comes? seems we are in the calm of the storm on CRE.
AIG now down 50% since the reverse split the other day.
Were you able to short any? I don’t recall ANY reverse splits that went up after the event. It almost seems like a perfect trade if you can get a borrow.
Dear Fly,
I support your efforts ….hence i’ve just purchased GLW 7,500 shares @14.27
I have some dry powder if it does dip lower…long live the PPT
308 - I didn’t see Cashin’s letter, but isn’t that housing stuff “all in” the market?
WITH 3 TRILLION more in projected losses, I doubt it.
buying more ammo…praying for 925 S&P….
Can someone tell this Thakor slut to stop tapping her fucking pen.
Did that financial advisor just on CNBC have braces?
I try not to get my stock advise from people who have to go to the orthodontist.
watching HBO movies during trading is better…otherwise I want to throw heavy items at the TV…especially when Crackpipe Cramer, Mackerel faced skank Cabrera, gay penis Kneale, and Sue I ate all the twinkies Herrara speak…
to keep from wearing a straight jacket later in life, I seriously suggest switching to Bloomberg all day. very calm and 1000% more professional than that vomit puddle called CNBC
This off streetinsider.com
FAZ 54.25
+48.61 +861.88%
Volume: 15,368,878
Wouldn’t that gain be nice?
Volume ought to be decreased on both FAS and FAZ by about 5% or 1/2B shares.
Fly - been in commercial real estate 30 plus years…. you ain’t seen nothing yet. Good luck ON CRE
elaborate on this.
LAZY - but just read Rosenbergs email and he wrote…..
The U.S. apartment vacancy rate hit a 22-year high in 2Q as rising joblessness cut into rental demand. The nationwide vacancy rate rose to 7.5% from 6.1% a year ago (Reis data). Effective rents also fell 0.9% after a 1.1% slide in the first quarter — marking the sharpest two-quarter decline since the data began to be compiled in 1999.
As far as the commercial real estate space is concerned, see Empty Mall Stores Trigger Rent Cuts on page B1 of the WSJ. Who needs to rely on the CPI or PPI data when the facts on the ground spell d-e-f-l-a-t-i-o-n? The average lease rate in U.S. shopping centers has entered its fifth straight quarter of deflation. This is the fallout of all the expansion over the prior up-cycle and the grim reality that there have been 40 major retail bankruptcies in the U.S.A. since the beginning of 2008.
The area that got us into the mess to begin with — subprime mortgages — is hardly improving, either. Have a glimpse of Subprime Resurfaces as Housing-Market Woe on page C1 of the WSJ. And the bears are licking their paws yet again in terms of adding to their short positions on the homebuilding group — see Traders Go Bearish With Bets on Home Builders on page C5 of the WSJ as well.
Fly must believe in reflation. Not going to happen. The retail business model is broken. Full scale deflation even as the Govt tries to reflate and keep the consumer buying. Which in itself is a joke
Artist:
The problem in Com Re in Australia has also been quite serious. Granted the price drop hasn’t been as significant a large number of big REITs were found running short borrowing maturities. Although there is cause to worry about Com Re, you will find that a large number of them will end up doing what they have done here, which is to recap and fuck the existing shareholders though dilution.
Com re should a worry, but I wouldn’t worry hugely about it as the existing shareholders will either ger wiped or diluted and a new bunch come in.
Moon
Read the post again
Where do I buy this?
Imagine a carbon sheet that’s only one atom thick but is stronger than diamond and conducts electricity 100 times faster than the silicon in computer chips.
That’s graphene, the latest wonder material coming out of science laboratories around the world. It’s creating tremendous buzz among physicists, chemists and electronic engineers.
“It is the thinnest known material in the universe, and the strongest ever measured,” Andre Geim , a physicist at the University of Manchester, England , wrote in the June 19 issue of the journal Science.
“A few grams could cover a football field,” said Rod Ruoff , a graphene researcher at the University of Texas, Austin , in an e-mail. A gram is about 1/30th of an ounce.
Like diamond, graphene is pure carbon. It forms a six-sided mesh of atoms that, through an electron microscope, looks like a honeycomb or piece of chicken wire. Despite its strength, it’s as flexible as plastic wrap and can be bent, folded or rolled up like a scroll.
Anyone miss me? I’ve been on vacation with a 80% Long book. You know the olde lose money while you’re on vacation trick. Anyway I’m buying DVAX this morn under 1.20 I have a bid in a 1.19 & bought some earlier @ 1.18.
As well I bought a shit load of ROM this morn @ 29.45. I mean a shit load too. Now I don’t even have 10% free to hedge. Like I’m ever successful hedging anyway..
welcome back..thoughts on DVAX..?
did you see AlphaDawg while on vacation? I hear he is out there is vacation world somewhere….
are you going back in NVAX?
My book is as long as the day but fuck it!
in order of size basically
GLW, ROM, ENTR, DVAX, CNXT, CROX, CREE, GAIA
Welcome back.
Graphene? Remember “Buckey Balls”? The molecule of carbon that was supposed to be a miracle lubricant? Al Gore is adamantly opposed to anything carbon.
fuck al gore and ex pres. bush…..their religious views put into politics sets us back decades….bush and his religious asshat view on banning stem cell research has caused us to be set back 10 years in medical progress. (we went thru that shit before….it’s called the “dark ages”….you know, 500 years of religion stalling scientific research completely)
carbon is the glue of the cosmos, these assholes like al gore are just in it for the fucking money…..it’s all hype and bullshit.
you work with carbon, not against it.
have you noticed just now, after selling water in bottles for 10 years that “they” are now on this campaign to tell “us” that bottled water isn’t good for us? well….how fucking convienent for Brita water company? I smell fuckery around here……..
I would like to make an axe out of Graphine, then smash it into Al Gore face.
The two most important events in all of history were the invention of beer and the invention of the wheel. The wheel was invented to get man to the beer. These were the foundation of modern civilization and together were the catalyst for the splitting of humanity into two distinct subgroups:
1. Liberals, and
2. Conservatives.
Once beer was discovered, it required grain and that was the beginning of agriculture. Neither the glass bottle nor aluminum can were invented yet, so while our early humans were sitting around waiting for them to be invented, they just stayed close to the brewery. That’s how villages were formed.
Some men spent their days tracking and killing animals to B-B-Q at night while they were drinking beer. This was the beginning of what is known as the Conservative movement.
Other men who were weaker and less skilled at hunting learned to live off the conservatives by showing up for the nightly B-B-Q’s and doing the sewing, fetching, and hair dressing. This was the beginning of the Liberal movement.
Some of these liberal men eventually evolved into women. Those became!
Known as girlie-men. Some noteworthy liberal achievements include the domestication of cats, the invention of group therapy, group hugs, and the concept of Democratic voting to decide how to divide the meat and beer that conservatives provided.
Over the years conservatives came to be symbolized by the largest, most powerful land animal on earth, the elephant. Liberals are symbolized by the jackass.
Modern liberals like imported beer (with lime added), but most prefer white wine or imported bottled water. They eat raw fish but like their beef well done. Sushi, tofu, and French food are standard liberal fare.
Another interesting evolutionary side note: most of their women have higher testosterone levels than their men. Most social workers, personal injury attorneys, journalists, college professors, dreamers in Hollywood and group therapists are liberals. Liberals invented the designated hitter rule because it wasn’t fair to make the pitcher also bat.
Conservatives drink domestic beer, mostly Bud or Miller. They eat red meat and still provide for their women. Conservatives are big game hunters, rodeo cowboys, lumberjacks, construction workers, firemen, medical doctors, police officers, engineers, corporate executives, athletes, member! s of the military, airline pilots and generally anyone who works productively. Conservatives who own companies hire other conservatives who want to work for a living. Conservatives love their country no matter what.
Liberals produce little or nothing. They like to govern the producers and decide what to do with the production. Liberals believe Europeans are more enlightened than Americans. That is why most of the liberals remained in Europe when conservatives were coming to America . They crept in after the Wild West was tamed and created a business of trying to get more for nothing. Liberals sometimes love other countries more than their own.
Here ends today’s lesson in world history:
It should be noted that a Liberal may have a momentary urge to angrily respond to the above before forwarding it.
A Conservative will simply laugh and be so convinced of the absolute truth of this history that it will be forwarded immediately to other true believers and to more liberals just to tick them off.
And there you have it.
Lesbian porn ranks right up there too.
There’s plenty of carbon in the filters(charcoal).
I never understood the bottled water phenomenon. Who pays $1.50 for 16 oz of water that cost $.0001 from the tap? Dasani is made from the same water supply that feeds homes. All they do is add some minerals to bottled water. Also, benzene levels are higher in bottled water than tap water.
what chance does, ko, pep, danone, ve, nestle have against the mighty brita?
smack this black bitch on CNBC right now…fucking liberal media and cnbc skanks are shit…