Don’t fuck with Le Fly, while he is drinking his Monster Energy soda (blue can) and smacking his trader/servants— in the face— with wet towels.
I made more money today, as you wilted away, like iceburg lettuce in a sauna.
Into the bell, I dipped my beak in more Flotek Industries, Inc. [[FTK]] , not really giving a fuck about what any of you think. So you know, I have a spectacular weekend planned, much better (fancier) than your pumpkin picking ass.
As for you other bloggers and website operators: You don’t know how to deal with mobs. Your website is full of worthless information. It’s like Monday morning garbage. If you want to learn how to blog or how to make your blog a success: watch me if you can, copy me if you dare.
Over the weekend, I will give a summary of my recent moves and future market strategy, only for the gracious people of The PPT, mainly because their IQ’s tend to be much higher and they don’t piss me the fuck off like many of you milk carton fuckers do.
Top pick: POSCO (ADR) [[PKX]]
[youtube:http://www.youtube.com/watch?v=B8Dat-YsXpw 616 500] If you enjoy the content at iBankCoin, please follow us on Twitter
Fly:
Be careful not to spill any Monster Blue on your new suit.
Sweep the Leg, indeud: http://www.youtube.com/watch?v=uFlQNtL8F9s
I kid you not, I am drink a can of blue as I type.
Have a good weekend Le Fly
http://dl.getdropbox.com/u/1179779/FUCK%20YOU%20SHORTS%20ur%20DEAD.jpg <—I love that pic
I would love to talk investment strategy with Lil’ Wayne over a 40oz and a blunt.
I’m newer to the site and love it more and more everyday. This is good fuckin shit Fly. I need to subscribe to the PPT and will soon
I love when rappers refer to themselves as things like “Young Gudda Money Bagz”
Given the very close proximity of uptrend closing high’s for the S&P and the Nasdaq Composite, next week in general and Monday in particular set up as very important. Both the Dow Industrials and the Russell 2k made new closing uptrend high’s today. Also, the NYSE Adv/Dec line made another higher high today and the ARMS index is slightly above neutral so both say we have room to go on to uptrend closing high’s next week for all the indexes. Would feel better if Senor Mosca could humor the mob and tell us the most recent PPT composite score or at least tell us if it’s closer to 2.2 or 3.0. Muchas gracias.
fid
2.93
Back To Life – http://www.youtube.com/watch?v=4vCzgG_jTo4
any chance you buy MVIS ??
Next week: DOW 10000.
Jake to answer your question from an earlier post– yes I am still bearish. That doesn’t mean that I am stepping in front of this train. I have been on the sidelines in mostly cash and a few select longs that have made me money like HYG, GLD, ISLN, KLIC, BPL and a few other small caps. The optimisim in the market is too high. When everybody thinks alike everybody is likely to be wrong. This is nothing but the Great Cover Up. The biggest shell game known to man is being played right in front of all the fools eyes. The curtains will be pulled and when they are the shit will hit the fan. I don’t know if it will be a month from now or 6 months from now but I will be ready. When I feel that the turn has taken place then I will be shorting the banks, shorting the SPY and buying the SRS if it is still around. In the mean time I feel comfortable sitting this rally out and holding and trading a few longs to keep me interested in the game. Let’s see what the holiday season looks like. Unemployment will hit 12% the Demoncrats will lose seats but the republicrats are no better. The idiots on the hill think we can fix the credit bubbkle with more debt and more easy money. Isn’t that what got us into this mess in the first place! They have fixed nothing!
weekend reading etc..
From Citigroup tonight, and kinda interesting:
ISM Shifts Have Trading Impact
A detailed ISM study yields some highly intriguing trading insights. While credit conditions have proven to be a useful gauge for determining forward industrial activity trends with a nine-month lag, stock prices of certain groups have shown tight relationships with even nearer term indicators. Thus, investors with short-term trading horizons can add the overall ISM diffusion index and many of the specific components within it to their array of markers.
The ISM index correlates closely with various sectors and industry groups. In particular, the Consumer Discretionary, Materials and Industrials sectors tend to move directly in sync with the ISM. More specifically, the Capital Goods industry group correlates well with the ISM index also. Indeed, the ISM index is a good leading indicator, moving ahead of Energy names by three months vs. being a better one-year lead signal for the Utilities sector.
The ISM new orders component leads Energy, Materials and Capital Goods names by three months. In the detailed correlation analysis, it became evident that the Energy, Materials and Capital Goods groups react closely to shifts in new orders and thus the bookings data can be helpful in discerning likely trading trends three months in advance.
The employment component tends to be a strong lead indicator. Fascinatingly, the Energy, Industrials and Capital Goods groups also lag the employment index by three months. Meanwhile, Utilities tend to lag the employment index by full year vs. the Materials, IT and Technology Hardware & Equipment groups, which have a coincident relationship with employment.
The new export orders component was another telling factor. Interestingly, new export orders were another specific item within the index that seemed to provide a three-month trading signal as Energy, Industrials, Materials and Capital Goods registered correlation coefficients that were meaningfully higher than the other sectors and groups. Thus, the directional trend continues to bolster the case for the association between the select cyclicals, the ISM index and its components.
Intriguingly, the ISM price data generated meaningful inverse indicators. While there may be a connection to employment and exports, prices also provided some insight. In particular, the price readings were helpful in future inverse trading patterns for the Retailing and Semis & Semi Equipment names.
there’s more but i won’t completely bore the hell out of you (and take up valued space) ..
TMOE – you really should save your facts and figures for the Dopes or SeekingAlpha where its appreciated.
You could even get a cult following like TIM
Nice work Fly
CITI- GOING TO 35.00-
Thanks Fly. Looking forward to the PPT post. Off to enjoy the weekend.
Queer Tape today.
Leaning on LSU +7.5 Michigan +8 ISU +19
We rally through October…..true story.
The dark road of the bears……
http://www.youtube.com/watch?v=fhhBxgZFu6M&feature=player_profilepage
NIiiiiiiice.
Fly you need to introduce that one into the rotation.
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Hey Mister Jake, glad you liked it. Here’s another one for the bears, just to reassure them that there is no hell and that they will go to heaven no matter how stupid they trade.
http://www.youtube.com/watch?v=zZUYeZUf7WU
Fly, I’m with you all the way in the markets and your “gold standard” of a site in IBC…..except I am a Yankee fan and just watched them win in extra innings in the ALDS and unlike you, I am sipping a calming, relaxation drink out of a purple can …..look forward to your post on the PPT…
S’okay. A lot of us are Junkee fans. Feel free to dispense shit.
No joke, I texted my roommate from college (another rabid Junkee fan who stil lives in Lawn Guyland) the following:
“Tex knocks a walk-off right here.”
And not two pitches later… the cheater at 318.
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Indeud! I’m still looking for a Junkee – Saawks ALCS.
So much for that. .. lol!
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Some where, the ghost of Donnie Moore is smiling today.
Who is better than the fly you ask? few indeed. here is the video http://www.tudou.com/programs/view/XH5W4vffBbY
and im not sure he is better but he is god damn good
zug –
Many thanks for the vid – gold.
Barton Biggs says we’re only halfway through this rally – must be drinking the Fly Kool Aid
http://www.fundmymutualfund.com/2009/10/barton-biggs-only-halfway-through.html
“Sweep the leg”? Did the Fly wrestle at one point in his life?
No.
It’s from Karate Kid.
Jake is the wrestler.
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Fly,
Im washed out. All my trades have been bad and I have been down since March despite a ridiculous up-move in the S&P. I’ve lost about 50% of my account.
I took down all of my stock picks. Notice how they have been removed and now I am relegated to posting up youtube videos and such.
I guess I will turn my site into just a general blog about the world and my life. Im done.
KNIG
Yes, Tim, you are washed out because you have lost most of your capital but won’t admit it.
After some deep inspection, I have determined what I have been doing wrong this whole time. I can’t tell you how excited I am to come to this grand revelation. Full details will be posted after the fact, but rest assured I am going to come out of this better than ever.
As a tease on this excellent strategy I will just say this… FAZ plus maximum allowable margin. I’m going to rule the world.
Tim:
try and make light of things however you like, however the fact remains that you’re an ideologue and not a trader and no amount of spinning will change that. You’ve been wrong and you lie about it.period.
Is this the real lemming murder or a fake poster???
Obviously a fake. Timmah’s not that self-deprecating.
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Thanks then.
For the Madden ’09 fans…
http://www.youtube.com/watch?v=JcCBuM6w05Q
Nice try Tim, but that ain’t gonna cut it. Go hard or go home
http://www.youtube.com/watch?v=nhHLMsRgIO0
Clova 4 Life
Heeeeeeeey, we got money ovah here shawty.
LAA – fuck you Boston. Go under the rug.
Better yet — “Get in the Smelter, Papelbon”
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Tim Knight sucks. If you followed his blog religiously then he kept you out of the market. You might have even shorted the market based on his advice. I sure hope there is an attorney out there that sues Tim Knight for his awful calls. He must have lost some honest hard working people a lot of cash. Its a serious issue.
The Fly tells it like it is, he has no bias…no axe to grind against the market and a lot of his plays work. They simply work.
I dont respect anyone who loses someone money and thats Tim Knight. Fuck you Tim Knight!
Barron’s speculates on who could bid for Brocade Communications
Brocade Communications (BRCD), maker of networking switches and storage products, is the most attractive takeover target at the data-center dance, says Plugged In columnist Mark Veverka. Brocade sits in the catbird’s seat over NetApp (NTAP), Citrix (CTXS), and Red Hat (RHT), because it has what most full-service enterprise-computing conglomerates covet: storage and networking. At the heart of the strategic chess game is Cisco Systems (CSCO), which dominates the networking industry but is aggressively getting into everyone else’s business. “You are going to see acquisitions in this industry heating up,” CEO John Chambers said last week on the heels of Cisco’s $3B buyout of video-conferencing concern Tanberg. The Wall Street Journal reported that Hewlett-Packard (HP)and Oracle (ORCL) are Brocade’s most likely suitors, which made some sense until Oracle’s boss, Larry Ellison told shareholders at the company’s annual meeting Wednesday that Oracle isn’t interested. That leaves HP, which wants to bolster its network-switching business as it continues to cross swords with Cisco. Additional proprietary storage products also would help fortify it in its battles with IBM (IBM), Dell (DELL) and EMC (EMC). But Barron’s says, one could argue that other companies could pursue Brocade, including IBM, EMC, Dell and even networking rival Juniper Networks (JNPR). Brocade fans argue that the stock has long been undervalued, considering its strategic assets. That’s why going public about being in play was clever, stirring the pot among potential bidders, says Veverka. Through Thursday, Brocade was trading at 16x forward earnings. That’s still cheaper than other networking outfits, such as QLogic (QLGC) with a P/E ratio of 18, and Juniper with 27. Some analysts have pegged a takeout price at $13 to $15 a share, while an institutional investor who owns the stock claims that $18 is possible.
China launches crack down on online games: China has launched a campaign to crack down on online games operating illegally and featuring content deemed to be unhealthy. The crackdown has led to the shutdown of 45 online games, which authorities said encouraged players to engage in illegal activities such as drug trafficking and prostitution.
SINA ?
The Jackson’s are up almost 45% since May 1st. That’s not even six months, brofis.
That’s why I’m gonna be doing nothing but “Staring at Goats” until the fat man comes down the chimney
And I don’t mean Jerry Garcia.
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Nicely done Jake. Is it really possible/wise to do nothing in a volatile market?
If it’s a bull market, and you have sufficient stop (ie, not penny wise pound foolish ones) set, why get off the winning trend?
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another day another up day. As a long, even I’m getting tired of this relentless move higher. I wonder how things are going over at tim’s site at the present moment? I’m feeling generous so I think the market ought to throw them a bit of a bone for a day or two while the PPT settles down back at the scientifically proven 2.2 support. Who the fucks needs charts when you have the PPt looking out for the tops and bottoms? LOl
Fly, wake up….
Must have had a big night. Pull it together man, you have a multi million dollar blog to run. The crowds are restless and need your comments.
He’s too busy ringing the cash register to deal with your likes this morning.
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Fly must be in a lengthy conversation with his shadow at the urinal this morning.
This is just out in Australia and worth considering what could happen in the US alhtough the recession was much, much deeper there.
THE improving economic outlook could see the nation’s Big Four banks start to write back up to $8 billion in bad-debt provisions next year, providing scope for a round of special handouts to shareholders.
That’s a pretty big nut by Australian standards.
http://www.theaustralian.news.com.au/business/story/0,28124,26201072-643,00.html
What are the big four in Oz, and more important… are they tradeable here?
+________________
If I did my googling correctly: NAB, Commonwealth Bank, ANZ, and Westpac.
http://skorcareer.com.my/blog/10-australia-top-largest-companies-200708/2008/07/01/
ANZ, NAB, CBA, Westpac commonly known to me as Wetpatch. The issue is that they have been literally flying over the past few weeks and the risk reward is going out I think. This could be a harbinger for other banks in the region in Asia (not fucking Japan).
And yes I think they all have ADR’s.I think but not sure about all of them.
I need to learn to type faster…
Le fly or Jake suggested we could actually see write ups in US banking books next year. Even the possibility of this could cause some of the US banks to fly.
Worth keeping in mind.
That’s why I started buying C a couple of weeks back in the 4.20’s.
Not to rub it in, but all the research was posted in the PPT.
Do you really want to keep missing all this buttery goodness?
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I picked up some C a couple of weeks ago as well. Are you in any other banks, or are you sticking with just C?
I’ve got a little JPM and a touch left of HBAN, and a very small amount of IRE, but that’s it for the banking sector.
C is a “mispricing trade” right now, that’s why I’m in.
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funny how alot of the companies on Audit Integrity’s list of the top 20 companies most likely to file bankruptcy are doing well and AMD was on the list, which was just upgraded by UBS.