Despite my recent foray into shit (UTSI), I have built up a decent cash position, over the last few days. Do yourself a favor, you degenerate OTB guy, sell some stock. Lock in some gains and go buy yourself a nice lunch or a pair of jeans. Behave like an upright walking human being, for once in your life.
I will have you know, I am begging for a pullback, in order to execute buy orders on my watchlist. Just to put things into perspective, on The PPT, I created a 4g/Smartphone index (with tracking chart and all), launched at 100—no more than 3 months ago. The index has about 30 names in it, ranging in price and volatility: and that fucker is trading at 120 today—up 20%.
Look, the market is in bull mode: we all know and accept that (at least most of us accept it). Most of the easy money has been made. While it’s true, there are numerous stocks that are dirt cheap, even after this melt up; it’s also true, they need to chill the fuck out for a week or two.
Trade accordingly.
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The action on this pullback will be interesting. Hopefully we’ll see how nervous the bears and how anxious the ADB’s are.
@ Fly & RC – Thanks for WNR! PPT rocks!
Nice reversal this AM in IYR and SRS.
Just saying and for how long who knows?
it almost seems a lifetime ago all here was giddy trading SRS at 48.00 and riding it to 75.00 in the same day, then buying at 60.00 and riding it to 90.00 ….. every other day…..fun times.
Was talking to a buddy about that yesterday. The good old days where the range in FXP from 80 – 120 was as good as gold. But not real gold, because gold is for retards.
indeed
The 6 month secular bear market rally is coming to an end. On March 9 I called the bottom and said we head higher 30%-50% and everybody got all crazy on me on TC platinum.. Now, I am saying this rally is ending in the coming weeks and we will retest the lows or break depending on whether we are able to get over 11k dow or not.. Either way we have a steep quick drop coming in the coming months.
Dude you are such a pimp
I bet you got Parkinson’s from all that time travel.
It’s devildog reincarnate. He doubled down on his soul.
I think you typed ibankcoin instead of slopeofhope in your browser by accident
Speaking of which, last night several losers were contemplating how horrible their life is now – telling stories of people suicides and how they dealt with it. Fun times with Timmy…
LOL, you nailed it dude. I lurk on slopeofhope when really bored and just found you guys over here, looks like more reality here….look at my twitter for more about me and my record. twitter.com/stockpicks
Sierra Water has been around iBankCoin (and before it was iBankCoin) for about 2-3 years. He is no newbie here, nor a rookie. He called the downturn pretty much spot on. Most of you have probably forgotten that he told you to get into metals starting summer of 2007 and was heavy in metals by early 2008, if my memory serves correctly.
I take profits regularly anyway. Does that make me better than other people, or an idiot for always selling some shares “too soon”?
Well, you can’t lose your principal by taking profits.
“Look, the market is in bull mode: we all know and accept that (at least most of us accept it). Most of the easy money has been made.”
That is my overall thesis going into the fall: the conveyor belt equity trading, driven primarily by liquidity, will breakdown. A change in market structure and a downshift in overall market correlations will make this more a stock picker’s market.
Speaking of which, I’m talking about that today on my tv show on stocktwits.tv at 230 EDT. You should come.
I believe we do not have tree climbing goats eating Keynes books from large branches, but myotonic ones roaming the internets!
http://www.youtube.com/watch?v=f_3Utmj4RPU&feature=fvw
can you motherfucking believe this? This cocksucker/moron manages over $30 billion of peoples money.
I’ve liked gold for the last 10 years and done well with it but maybe I should just LEVER UP an buy ONLY gold bullion and PM’s with as much leverage as I can?
enjoy:
http://finance.yahoo.com/tech-ticker/article/334648/Too-Much-Debt–Please.–We-Need-MORE-Debt-Says-Ken-Fisher?tickers=tlt,tbt,spy,dia,%5Egspc,udn,uup
“I don’t buy your inflation argument”!
“look at this in the context of the global…”
Why don’t we just borrow more and become prosperous like zimbabwea?
Put this motherfucker in JAIL…
the reflation cycle must be neigh for a few months.
Can I get a little respect here fuckstick?
Why do you hate $200 hot dogs so much?
FIG
I’m taking the advice Fly and scaling out. Thanks.