Oh no, the market is shitting the bed again. What-am-I-going-to-do?
Soon enough, the bearshitters will be out in force, racing up and down Wall in their FAZmobiles. As for me, I am full of regrets this morning. I regret selling Aruba Networks, Inc. [[ARUN]] , OmniVision Technologies, Inc. [[OVTI]] , Advanced Micro Devices, Inc. [[AMD]] and TriQuint Semiconductor [[TQNT]] too soon. If only, and I mean this sincerely, the market pulled back 10%, I would be able to buy some good companies—at a discount. However, something tells me, that will not occur.
Instead, the market is going to squeeze itself higher, for the duration of 2009. If you are in the business of trading stocks, 2009 should be the year that you clean house. This is the banner year that you will brag to your Grankids about.
With that in mind, stop shorting stocks, you fucking morons.
Many of you are poking your faces in American International Group, Inc. [[AIG]] , going short. Don’t you realize, AIG could print $100 easy—and still be considered “cheap”? We are in the midst of the biggest short squeeze of all time. Brokerage houses are banning inverse ETF’s and the regulators frown upon people who bet against stocks. Due to our fucked status, as a weakened financial super power, the powers that be (they) are giving it the ol’ college try, in a sincere attempt to put us back on top, via MASSIVE reflation.
Getting in the way of that is not bravery, but madness.
On a slow Friday afternoon, I like [[ENTR]] , General Cable Corporation [[BGC]] , Barnes & Noble, Inc. [[BKS]] , Tesoro Corporation [[TSO]] and TerreStar Corporation [[TSTR]] right here, right now.
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Indeud.
Viz
Fly ….shotgun to the head …..long term 4G play?
Damn, that’s a hard one.
Hmm, I believe I reserve such answers for Distinguished Gentleman.
LOLROFLMAOMHGSDGDFHSDFGDGSGDRG!!!
Treu, dat.
________
Fly…I told Admin you could have my $30 a month for life….he said you didn’t want to tag credit cards each month? Said The Fly wants his dough up front? Whats up with that?
Don’t you realize, AIG could print $100 easy—and still be considered “cheap”?
Can I ask why are you saying that? Superficially with all the loans on it’s books against it’s assets I would have thought it was “worth” less than zero, no? Are you suggesting its break up value is worth something?
No one is capable of valuing AIG which is why it really could go anywhere
Even at $100 with a 20-1 split that makes it only $5 on the old price
this tape is boring as hell.
I’m done for the day, I’ll be in my underground laboratory if anyone needs me.
Quit having a boring tape.
Artist, if you are bored, make me a special “Jakegint” avatar like yours, maybe with a Giant helmet.
And a cigar.
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Fly, SNDK here? If INTC and DELL are selling shit, someones gonna buy their crappy RAMs and Flashes … thoughts?
Yep. Flash and DRAM are ripping.
Look to MU too.
Trading AIG is better than Saratoga 10K claimers and gourmet hot dogs…!
the honorable FLY, I have been buying STAR and it seems like it is in a glut
what is your opinion?
STAR has the biggest upside of any 4g stock that I own or watching. It is just consolidating.
mrkcbill once took ballet lessons…….and hoped to become a star.
hmmm market craps out after solid news following a long streak of winning days…. sounds ripe for a decline to me
fly,
what about wnr?
love wnr
Market is “dead” beacuse everyone in NYC is boarding up their windows in anticipation of Danny. NYSE will close early. LawnGuy Land is doomed. Don’t you watch the weather channel Shorty? Carry on.
do you have a twitter account or other website in which you discuss your trades?
I discuss my trades on ibankcoin and here, my premium service:
http://edge.affiliateshop.com/public/AIDLink?AID=105185&BID=13275
Here is my twitter
http://twitter.com/The_Real_Fly
The perfect response would have been an A-HA “Take on Me” music video-esque white charcoal pencil shaded hand emerging from your screen taking you into the world of Fly. Except in this version your mustache gets erased.
http://www.youtube.com/watch?v=qFAycZQsEMQ&feature=related
Fly
any thoughts on CREE? I think we could be on the front edge of a revolution in lighting and Cree will be a winner. Stock seems to be getttng accumulated slowly and steadily and has been in a break-out. Multiple sources of revenue for them. They raised mid quarter and beat. I recall reading you spent a lot of time on the bloomberg and found great net stocks before the dot com boom started. Have you looked at cree or the LED space at all?
thanks.
I’m just a “monkey with a dart board” but I also masquerade as an electronic engineer by day. CREE has great technology, best in class, with a huge IP portfolio. They recently broke into the EU marketplace. That should pave the way for some earnings upside. But don’t listen to me cause “I’m just a monkey with a dartboard”.
TRID melting up also