The 802.11n revolution continues with Atheros Communications, Inc. [[ATHR]] blowing the barn door off of earnings. Fresh reports from China point to continued demand for LCD screens. Aside from the usual suspects, Corning Incorporated [[GLW]] , LG Display Co Ltd. (ADR) [[LPL]] and AU Optronics Corp. (ADR) [[AUO]] , smaller/crazier names are worth a gander (I hate that fucking word and the people who use it). Both Advanced Energy Industries, Inc. [[AEIS]] and MKS Instruments, Inc. [[MKSI]] provide parts to the LCD space and are levered plays off the “front end” of the semiconductor equipment sector (Applied Materials, Inc. [[AMAT]] , Novellus Systems, Inc. [[NVLS]] , Lam Research Corporation [[LRCX]] ).
Another high growth company worth your watchlist is IPG Photonics Corporation [[IPGP]] . They are the market leader in “fiber lasers,” used for industrial purposes. Additionally, they produce a cheap green laser. Remember Microvision, Inc. [[MVIS]] ?
Right now, “Le Fly” is enjoying the luxuries of an egg omelet plastered on his face, thanks to his timely Advanced Micro Devices, Inc. [[AMD]] purchases. Nonetheless, like I said yesterday, I did not buy the stock for a day. I am in the stock for at least a quarter. Without a doubt, I will make money on AMD; watch me if you dare.
Into market strength, I like [[RAX]] , General Cable Corporation [[BGC]] and OmniVision Technologies, Inc. [[OVTI]] . I will avoid the banks like the Black Plague and continue to throw slices of ham at my monitor, whenever Flotek Industries, Inc. [[FTK]] downticks 5%.
Top Picks: Corning Incorporated [[GLW]] , OmniVision Technologies, Inc. [[OVTI]] , [[ENTR]]
If you enjoy the content at iBankCoin, please follow us on Twitter
FIG
Go to front page and watch Shannon talk his charts.
Better get some hedges on today …
nope. going up.
Fly – No doubt you will win on AMD. I’m still surprised we have not had a minor pullback.
Flotek rhymes with Flowreck.
Odd?
Yeah… That’s why position sizing is so important.
when i get to orlando, I will throw eggs at your house.
The address is 1400 Magic Kingdom Drive (just off Main Street) in Lake Buena Vista and looks like a “fantasyland” castle.
You can’t miss it.
But be sure the family isn’t around when you start throwing the eggs.
Fly:
You have to NOT hate the banks. You don’t have to love them. However if you hate the banks this entire shitter is coming down on our faces including the omlette. Learn to love the banks!
There’s no indifference as it’s either love or hate.
i rather focus on tech
No that’s okay… no problem with that as you seem to have nailed it with tech. However the fucking house of cards rests on the banks not getting damaged.
———-
Morgan S was actually an okay result today, considering there was 2.3 billion of bond write up they took asa loss and the tarp money getting repaid.
Wells Fargo shouldn’t be at all surprising they took a hit in credit quality seeing the vast bulk of their book is in California.
I odnt see how the market and especially the nasdaq, will ever be down more than .5% again. Seriously. So much money on the sidelines,.
the nas will surpass the dow!!!
10% returns every 11 days. I think it can easily happen.
nas says:
I odnt see how the market and especially the nasdaq, will ever be down more than .5% again. Seriously. So much money on the sidelines,
that’s a joke, right?
No, how is it a joke? Just look at the price action. I guess i shouldnt have said “never” but next 3 mos i cant see that happening. Wait till retail gets back in, they are already starting to notice this rally ’cause its all the old favs CSCO AAPL RIMM etc..
Dude.. 1/2% move is a fucking rounding error. Stop being so one eyed. A story could come out about Ben Bernanke getting a blowjob from Nancy Pelosi underneath his Fed desk and the nas would could down 2%.
this level of silliness needs to stop. It’s a professional site for distinguished gentleman.. not some Yahoo chat board.
Le Fly:
Knock some fucking sense into the kid. He looks promising but a little green horned.
.
Today 11 up, tomorrow will be 12, fri 13. New money comes in on monday, so lets call that 14. You getting this? Whats goign to cause a selloff other than earthquake or nuclear war. Tech is where its at. Get long on quiet days like this. Comp could easily run another 200 by end of next week.
I got one eye on the market & one on Le Tour … de France, that is …… great mountain stage today … good stuff
One eye on Le Fly and the other on Le Tour—a perfect harmony.
one eye on Le Fly, one on Le Tour & one on Le Market … a pearfekt manage le trois 😛
——-> In Fly’s mind….What the hell? All I see are rose colored glasses and some visions of Mickey Mouse dancing with Minnie?
The North defeated you bath tub washers from the South many years ago.
Never forget that.
And yet you still haven’t figured out how to upload a gravatar.
And by the way, we let you win. We’re gentlemen, after all.
that is my avatar: blank.
Just like being inside your mind. How appropriate.
And yet, he is in the deep South, on vacation, at the end of July.
Odd, no?
_______
Central Florida isn’t all that southern. I’m near Tampa and they don’t even have Krispy Kreme down here, much less a Bojangles. It’s all Dunkin’ Donuts and KFC. You can get grits, but you have to ask for them…
It’s not really the South if they don’t come by default.
Speaking of bath tub washers (from the South), here is a picture of a redneck hot tub.
http://3.bp.blogspot.com/_orkXxp0bhEA/SjWOynoN5tI/AAAAAAAATMM/YassRU9RYF0/s1600/090614-red6.jpg
Things are getting better . I have seen a few homeless in my area upgrade from a shoppingcart to a rolling luggage bag .
Le Tour, damn, anyone remember the movie “Light Sleeper” with Willem Dafoe as John LeTour ? Used to love that guy as an actor, hasn’t done much in the last 10 years that was interesting.. really too bad..
anyway, for the QCOM earnings players… some tech note:
Technical Analysis story about QCOM
BULLISH CASE: On better than expected news/outlook the stock could trade to the upper limit of the bullish price channel at $48.58. On a bullish breakout above the price channel the following resistance levels would become upside objectives: $49.25, $50.28, $51.18, $52.45, $53.91, $56.00.
BEARISH CASE: On worse than expected news/outlook the stock could trade to the lower limit of the price channel at $46.86. On a bearish breakdown below the price channel the following support levels would become downside objectives: $46.28, $45.88, $45.13, $44.75, $43.97, $43.32, $42.67, $42.03, $41.36. NOTE: Small short-base at 2 days to cover, with 2.5% of the float short. Traders are positioned for positive news.
The Fly is God, mother fuckers!!!! The PPT signaled a hybrid buy for ATHR last week under 20.
The Fly is God.
.
buying some AMD now, bought some YHOO in the afterhours yesterday, working out well
I gotta tell ya what reary reary reary looks strong as an ox on steriods. ENTR.
ENTR doesn’t back off a fucking inch. In currency land this is usually a grotesquely bullish sign and no doubt also for ENTR.
This little two bit fucker never backs off.
Where’s all the TA’s telling this is what they see from da charts?
6 entr chips go into every Fios sub (Verizon)
Now that they have Cox and Time Warner, there is potential for massive revenue growth.
My Mom loves her Fios, but I’ve heard pikers here bitch about it.
Do you have it at home, and was that the reason your internets were out yesterday?
___
You said it yourself- they’ll see what they want to see, or they’ll see what you want them to see 😉
j, why do you use succh poor grammer? It is unbecoming and surprising because I know that you know better. ENTR? It is moving sideways since May, j. Look into batteries – everyone needs batteries. FIG = Future Inflation Gauge.
Sorry about the gram as I don’t proof seeing it’s only a blog.
take a look at ENTR since April on a chart. It correct.. comes back and goes higher. Each retreat is met with a higher high. This is really bullish.
You should change your name to “Improper Spelling”
I’m fucking 9 months pregnant long Aussie. …….Against straight US and Euro. No kidding here, I’m looking for a move over parity to the Dollar over time.
Even Gold Sack sorta agree with me in their update this morning…. talking about how the rebound in the Aussie economy looks for real and that the central bank here will be the first cab off the rank raising rates to stem the fast paced growth and consumer demand. They even speak about the raw materials demand from China not being a once off thing and that it’s real. This means the terms of trade move could be quite potent, something that the market is still toying with. When the terms of trade move in the Aussie’s favor and the propensity of the central bank is to raise rates this is fucking enormously bullish. It’s so bullish I’m waking up the better 1/2 and demand sex after I buy some more.
My Stop on this position is 7580 … its way away but I’m betting for 20 cents….25%.
It has positive carry too, so it can take its time getting there and I’ll make money on the carry. I’m also prepared to switch over and put the pos against yen too.
If I had real balls…. the balls of Le fly, I’d mortgage the house, stick the family in slavery for extra cash and put it all on this bet which eventually should pay for two wings of a Gulstream 650 …
That FASUMPH or whatever (the iron boys) has been making some noise lately.
_______
Small and medium sized banks really catching fire.
Especially STI (SunTrust).
I assume it’s really moving now as STI is the official Disney World bank and the word has gotten out that Fly is coming to spend $$.
Fly just bought Little Mermaid tee shirts for the entire 10 and under female population of Staten Island.
He’s Jenerous that way.
(Buy DIS)
_________
Nice little buy prgm that just kicked in there
Cramer’s ratings are falling faster than Obama’s. TSCM is selling below cash? This is an opportunity to crash cramer completely out of the market. Goodbye, Cramer!
MU 52 week high.
Who would have thunk?
You were the first to alert us, my friend.
___________
me, one of my long term tech plays
flashback to 2000, 52 week high = 97.50
todays 52 week high = 6.13
Yes, the good old days.
Even Fly’s FTK was flyin’ back then (even had earnings) as was stuff like DITC (now 1.20, then 175).
The countdown begins…. 5.5 more trading days till you need to switch your positions from long to short. In the meantime, I am margined up to my gills in SSO. No reason to try and pick specific stocks when the only thing that matters is the overall market currently. Today will end up, as will every day for the next week. Then lookout below.
I just sold out of my SSO. Going to raise a little cash. I’ve been fucked by the greed before. Like I’m getting fucked shorting CAKE right now.
NVAX,CTIC and DVAX are getting ready to get banked soon.
OK Greed kicking in I should be out of those by now.
you are supposed to have your CAKE and eat it too. Greed is good.
…. this isn’t CNBC. refrain from beating around the bush….out with it.
No reason for me to share my sources until my prediction comes true. If it happens the way I am thinking, I will be astonished at the accuracy of my prediction to tell you the truth. Stay tuned…
It’s the Raelians again, isn’t it?
____
“I am in the stock for at least a quarter”
Just in time for it to shit the bed at the next earnings announcement.
Your mother has a cock, of the bird variety of course.
i am dispatching mike tyson to ass fuck the lating beaner pig girl,michele cabrera then punch her in the throat so she will never speak again.
buying boat load of IBM August 110 puts..95-1.25
Sir Fly, or Baron Von Fly (in some circles)….check your email.
“Compte de le Fly,” if you please!
________