If you are confused over the current direction of the market, join the party, hosted by yours truly. Drinks and appetizers WILL NOT be served. Just a few short weeks ago, or maybe a month (I forget), the market was fun. I was skipping through green fields, with knitted sweaters wrapped around my shoulders and cigars hanging out of my mouth.
Today, I am shivering in a wet alley, with a dirty old burlap jacket velcro’d to my back and a crack pipe hanging out of my pocket. Life is grim, especially when you make all sorts of fucked up moves. Now, in all fairness, my recent flurry of buys, specifically in Corning Incorporated [[GLW]] , OmniVision Technologies, Inc. [[OVTI]] and Ciena Corporation [[CIEN]] , have not been all that bad. It’s the other shit that’s killing me, namely [[ERX]] and Flotek Industries, Inc. [[FTK]] . You do not need a “calculator brain” to know that holding onto losers is ALWAYS a bad idea. I broke all sorts of rules, holding through the carnage. As much as I preach, I did not heed my own warnings. For that, I am awarding myself a commemorative Asshat of the Week Award.
For the most part, I am still bullish on select tech names, despite what the tape is saying. I’ve been at this long enough to know the tape is always wrong, or often behind the curve.
As for Dennis Kneel [sic]:
First, I want to bury the ridiculous hatchet between Karl (boy do I hate the K in Carl) and iBC. He and Woodshedder can go debate “the ancient secrets of the Golden Cross” on 60 minutes. To be honest, I don’t give a fuck.
[youtube:http://www.youtube.com/watch?v=GKJerbbbuT8 616 500]This Dennis character is besmirching those who blog from the comforts of anonymity. Look here, dickhead, some people don’t want their faces covered in make-up. Some people do not want the lights shining on their faces. Some people have important things to say and require anonymity to do so. If you think anonymity is bad, lobby Congress to restrict anonymity at the polls. Let’s get rid of whisteblowers and informants too. Who the fuck needs them anyway?
After all, life is all about being transparent, except of course when you are cheating on your wife or dancing around your taxes.
You get my point.
Some people require privacy and do not want to be bothered by others. Instead of lashing out at the tiny little internet, Dennis should take a look in the mirror and try to recall all of the stupid shit he said on national television, such as: “I bet you this market closes up today.” By far, CNBC is the worst offender of manipulating stocks, in all of the media—combined. How many times did Gasparinio or Faber or Cramer jerk stocks higher, as a result of bad reporting?
Tell me Dennis, are you feeling lucky, punk?
[youtube:http://www.youtube.com/watch?v=ChokGbJdeSM 616 500] If you enjoy the content at iBankCoin, please follow us on Twitter
fig
Indeud.
dennis kneale fondles cats..
Huh?? Doesn’t everyone??
Dennis who? Who cares what he says .. fucker is only useful as a contrarian indicator .. If anyone deserves to stand endlessly in an unemployment line, it be he.
Is that a dead squirrel on his head? SOMEONE SHOULD HIT IT WITH A BROOM
FLY go on CNBC with the diamond watch…
I spy a tailored burlap bag, er, suit.
The bottom will come when the Kneale, Gasparino, Cramer and co. are dragged out of the CNBC studios and hung from meat hooks with piano strings.
I rather like Denninger. Says it how it is. No sugar coating all the BS.
Funny how the market stages these dramatic end of day rallies and then proceeds to move lower the following day. Same shit was happening in February during the decline. Shake you out of your shorts and proceed to drop the market lower. I am staying short here and will stay that way unless we close above S&P 900.
I like what this Karl guy has to say, but I am even more interested and mesmerized by that small brown animal pelt he has riveted to his cueball skull.
everyone here please boycott CNBC like I did 2 months ago….I have not put my TV on that vomit puddle CNBC once since then. I only see those stupid fucks from CNBC on posted snipets like the one above….If everyone would switch to Bloomberg, CNBC will wither on the vine with less and less viewers and hopefully go bankrupt soon…..
we all should follow that advice…except i like to laugh and get pissed when i see their stupid take on things..but starting next week i will watch re-runs of connors-bjorn, and mcenroe instead..or perhaps the history channel
Bury the hatchet in “Special K’s” misshapen skull.
Fuck with Wood, in an altogether cowardly way, no less, and feel the steel.
Since when does “The Fly” favour “peace in our time?”
Sic.
I am merely redirecting my cannons to where they belong.
Here’s the thing though Anton, Karl is still a dick for the way he’s treated Shed. FFS how do you get into an argument about a crossing cock and balls formation I dunno know but they did. He then shuts Shed off when he was being a gentleman all though the argument. So Karl is a hypocritical dick as far as I’m concerned. He wags a finger at the silly gay dude on CNBC (who’s in tears because people think he’s an idiot), but in a way Derringer(sic) is sorta doing the same thing. He wrote a scathing little piece attacking the Shedster the other day that was totally dishonest. He’s really no better that that used dildo at CNBC.
I like Shed, I think he behaved like a gentleman and Derringer was a pric. Shed of course needs to lose a little weight around the girth, but of course everyone has issues and that’s the only criticism I can level at Shed. On the other hand Derringer seems to be wearing a weasel on top of his scone and therefore can’t be taken seriously about economics.
lmao j.
Thanks my friend.
‘Twas my point, j.
Neither Special K or Princess Kneel have ever made anyone a dime, either.
Fact check on Karl. I believe you would be incorrect about the “not making a dime comment.”
This little flame war is unnecessary. Gotta give Karl some dues, the guy does know his shit more than 95% of the IBankers, MBAs, CFAs and traders I have known. (please refrain from cheap shot due to that comment, I can see your squirrel brain ticking)
If he had had a legitimate point, he would have debated Woody like a man. And he wouldn’t have erased the thread once Woody bested him.
And while you’re “fact-checking,” check the work Shedder’s done on this site for years. Unlike your hero, he is open about his methodology and his results.
Now get Special K’s nuts out of your mouth, squirrel-brained sycophant.
Or don’t.
It’s not a “cheap shot” if it’s true.
back to the market….let’s all gather our thoughts and figure out what the fuck to do here. I’m long, I either need to hedge with some shorts today or suffer the wrath next week.
i think we bounce from here…with all the shit about the Head and Shoulders neckline its time for some whipsaw to the upside..imo.
The Fly is God
nice post, fly.
Funny thing is, Denninger agreud with Kneal about anonymity.
no he didn’t
Didn’t you see Denninger on CNBC? He agreud with Kneale on anonymity.
http://www.cnbc.com/id/15840232?video=1177173832&play=1
he then disagreud with him in his youtube vid.
What happened to FBN? Do people watch that? The chicks are 10x hotter and they lean a little more conservative which I believe is good for business. I’ve also noticed they don’t hype shit as much. CNBC shouldn’t even be an issue here.
CNBC is how i found this glorious website. I googled Guy Adami. Heres the #2 hit.
Is Guy Adami an Idiot? : Technical Analysis | Danny
After watching Fast Money today, and over the life of the show, I have concluded that Guy Adami is an ass-clown. I can never tell what thesis he is basing
funny, I found iBankCoin after running across stuff on Dennis Kneale is an idiot ,where Danny and Dinasour Trader were fighting over who had the headline first….
TIG, in a parallel universe: http://www.virtus.com/products/default.aspx?type=individual
He’s “best known” for his risk management:
http://www.virtus.com/advisors/managers/biographies.aspx?type=financial&iname=Joe%20Terranova
Don’t you just hate it when your fixed income fund takes a -10% hit in 1 year, and has a negative average for the last 3?
http://www.virtus.com/products/details.aspx?type=individual&investid=5377
What a dumas.
I wish you would stop saying that. I keep snapping my head around looking for Athos Porthos and Aremis.
And no, not the cologne, dumbass.
_______
One day you are the bug and some other days the windshield.
I interpret from all the blogs here in the last two weeks that there has been many bugs finding their destiny on a windshield.
DD
“there has been (sic) many bugs finding their destiny?”
(Windshield bugs for brains.)
Here we go right now 2:30 pm Friday July 10th.
Rally time!!!
You know my book.
GLW CLOSES ABOVE 15
http://www.superiorpics.com/pictures2/ExecLeadRD_017111.jpg
GM Halt …re opens at 1.34 (wishful thinking)
it might…..Goldmans stolen software at work again…..
why the halt?
Fly, lets have a contest.
we all submit our date for when the first hurricane hits the gulf and nat gas shoots thru the roof…..
the winner will receive a box of slightly used cuban cigars and a bic lighter.
my date, = Aug, 26th
August 13th
August 23.
A new report was just released that proved Terranova is wrong over a 5 day trading period 92.8% of the time!
Terranova is a stock God, in a parallel universe.
Right, in a universe where the overbaked fake-bake is cool. What a dumas.
that is better than i thought..between him and Cramer and Finerman they lose money 110% of the time…strange…
Nothing in this country will change until the middle class is totally wiped out financially.
Robin Hood will save them….
Breadth sucks. Tech can only hang on so long when most other sectors get scorched.
You are probably breaking another rule staying long tech.
My tech are all up.
Chucky Meatballs is pumping UBS today!
Here we go, NazyD futures pepping up.
Bartiromo is balloning up like the rest of the cnbc skanks..they only like fat stupid pigs…good strategy
a pigs pussy is also considered pork when BarBee-Qued….
Flush or rally?
just a limp…
Naz holding up w/ chips and AAPL but JPM,GS keep hitting LODs.
Stalemate.
Why look here for that answer? Look to CNBC for the answers. They are the ones with all the business degrees from harvard and st. johns and shit.
Fly, you set me off with this blog… I hate CNBC and their no-nothing dumas ways.
That’s it, my vengeance will make the Compte de Monte Cristo’s look benevolant.
So… what are those Fast Money dumas’ power-five-ing about each time they head into the commercial? Perhaps about how they duped all of the dumas stock buying drones one more time?
May D’Artagnan pluck out both your vile jellies, Phillistine.
Government aka GS buy orders into the bell.
This is a win for the Bulls. Bears are pussies! Have a nice weekend!
Beware a close below 880. What is moving the market right now? My watchlist is stagnant but not the indices…
The Fuckery will be playing gigs all next week for those who want to attend, first 50 in free and beer 1.00 all day…Asshat will open the shows, upstairs in the upper deck of the Smashed Ball Sack Bar and Grill.
Added TTHI – results of their Alzheimer’s drug in phase II to be reported at conference next week … ELND005 in partnership with Elan.
http://www.thestreet.com/story/10539561/4/biotech-stock-mailbag-chelsea-therapeutics.html
> Phase II this week @ ICAD
dennis kneale will be capri shopping in the village….
so lets see you go long around 825ish, continue buying in the low 900s and now turn bearish at 875
Whoop dee fuckin do!
You deserve your asshat aware
Think about it… The Fly understands because he sees patterns in context where others do not. Getting called out right now on CNBC!
Fark. That has got to be the worst toupee good money can buy. Secondly, Karl, stick to writing and do a lot less squirming in front of the camera, it really is not your strong suit.
the retort by CNBC.
http://www.cnbc.com/id/15840232?video=1178854763&play=1