Ok, I’ll be the first to admit it; runaway bull markets are boring. You have to understand, I’ve done this shit before—ramp up, make a bundle, then repeat. At least in bear markets, people are bugging the fuck out, making the whole experience all the more interesting, pardon my inappropriate grammaur [sic]. When the market was fucking itself, as a blogger and money manager, it was nirvana. Oh, how I long for the days of total collapse.
But, unfortunately, “The Fly” is cursed with the gift of a “winship.” The market reversed and I followed it higher, like a dog humping a fire hydrant.
So, this leads to my next challenge: keeping my creative side busy with something of interest, a challenge of sorts. If you recall, last year, I played Frank Sinatra music vids until the Dow broke down to 7,500. And, before that, I stopped cursing, until the Dow broke below some important level. Well, I am doing it again.
Hear this, losers of the internet aka “readers”:
“The Fly” will NOT use foul language, on this blog or in real life(there is no way for you to quantify the latter), until the Dow hits 10,500.
Its been said; so it shall come treu [sic]. There.
Good Day to you.
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Well this should be interesting.
I think Fly is trying to get some family friendly advertisers to sign up for ibankcoin.com.
Nope. Just trying to put my convictions into action
i often become befuddled when trying to ” put my convictions into action” in the market. i guess sometimes it takes courage in what you believe in, or your preferred metaphor, just putting those big ol’ balls up on the guillotine. trading & doing well in investing definitely takes some balls o steel.
I can’t and won’t believe this motherfucking shit. The Fly can not abstain from saying ‘Go fuck yourselves’ anymore than I can refrain from making fun of TIM or FTK NOT hitting $3.
Some egregious asshole will show up here and many of you will be told to go fuck yourselves repeatably. I will celebrate that day with plenty of 8% beer(you american assholes need to put alcohol in your regular beer, just try it once, you won’t die I promise).
Mind your language on this here classy site.
Bell’s Two Hearted Ale… 9% ABV.
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one of my favorite’s
OMG, I haven’t laughed this hard in years…
good fucking post
Love it!
The Fly, aka Senor Dirty Sanchez, will not curse? Indeud!
Finally you will have some of the integrity and class of other premier financial blogs . No more stooping to low brow humor in your profane manor……………..
yeah , end to this fucking blog thats for goddamn sure!!
I’m amazed you got through the spam protection in order to post that comment.
Go fuck yourself
Your candor is NOT appreciated. I suggest going off somewhere far away and whacking yourself.
I was amused by his inadvertant “manor” pun.
Aside from that, it was an airball.
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you guys oughta be commentating the mets together
Not enough “carmedy” (sic) on the field for you?
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how about a contest where we could submit interesting four letter words that aren’t foul and/or ones that start with f or s — and you pick the most winshippingest ones. award would be that you would work the winning words into your blogs until we hit 10,500.
along the don’t have a boring life/ tuna theme, a “don’t have a boring vocabulary” readers’ challenge
How about a contest where you go fuck yourself?
With your dictionary.
And then post the pics in the PG.
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ha ha tough crowd merriam. try something from this next time:
http://en.wikipedia.org/wiki/Profanity_in_science_fiction
oh yeah, and frak those car people! Jeff
Prefer profane stock symbols like FTK, FRG, FUQI, CHTT, HELE, HL, FKTB.HM, TTZ.BE, KNTZF, KUNSTOFF and PZZOF, SCRUX, SUXE.Z, SUCCX, SCKT, BLLZ, BLSH, etc ………
“KUNSTOFF” has some real possibilities.
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The Fly will be cursing very soon, indeud.
What’s next, 40s in crystal wineglasses?
Colt 45 malt liquor placed inside Dom champagne bottles, recorcked, ready for reuse.
That’s a Diddy secret. Open it with only the shiniest and highly polished MAC-10 while wearing white gloves, make Lando proud.
In Canada, Colt 45 is 8% and it’ll knock you on your ass after enough of them.
4.5% is for pussies
hahahahaha It’s true bull markets are really dull. I said that yesterday in fact.
Fowl lauguage is for the birds…………
aww fuck, that fucken sucks…
You take the fun out of coming to this site.
btw, 67% say you’ll be swearing again by thanks giving…
It’s a clever way of putting his ear to the rails for market sentiment. Speaking of which, CSX reports tomorrow.
Thanksgiving? We’ll be at 10500 by Oct. 23, 2009.
Mark your calendar.
citigroup tonight on the Chinese Gaming news:
What’s New — Over the weekend, General Administration of Press and Publication (GAPP) and National Copyright Administration issued a circular announcing some regulations and controls over online games companies…
NetEase caught in the battle — While these developments look like the banning and oversight of the overall industry, we believe the main target is NetEase. NetEase went ahead and commercially launched World of Warcraft (WoW) on September 19 without receiving approval from the GAPP, although it had already received approval from the MoC in July.
Buy on current weakness: PWRD and Kingsoft — As we do not believe the Chinese government will completely shut down most of the gaming operations, we would be aggressive buyers of pure plays (in-house developers) such as PWRD and Kingsoft after the recent sell-off.
the Chinese Government should be shocked, shocked!, the only gambling hall allowed is the Shanghai Stock Exchange.
Don’t forget that when you mine lots and lots of gold and silver nuggets, you need something to gas up your smelter.
Don’t forget natty gas, but forget about “playing it safe” with some fat ETF like UNG.
Nah, throw the dice, fer Christmas sakes.
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Where’s Cronkite? I can’t live without Cronkers. Please let it be an early April fools joke that he’s not longer on the site.
9500 before 10,500
10600 before 9XXXX
Good work, Mr. Fly. I say this is the way of a true gentleman.
Analysts Upgrade Summary
MOST NOTEWORTHY: Stancorp Financial (SFG), Cypress Semi (CY) and Pacific Sunwear (PSUN) were today’s noteworthy upgrades: Credit Suisse upgraded Stancorp to Outperform from Neutral citing relative valuation and EPS visibility. Jefferies upgraded Cypress Semiconductor to Hold from Underperform after its channel checks indicated the company’s capacitive touch screen solution has design traction. The firm raised its target on shares to $10 from $7.50. FBR Capital upgraded Pacific Sunwear to Outperform from Market Perform to reflect improving store channel checks, the company’s brand focus and controlled inventory, as well as the firm’s belief that guidance could be conservative. FBR raised its target on shares to $9 from $6…OTHER UPGRADES: Advanced Micro (AMD) was upgraded to Market Perform from Underperform at JMP Securities. Lam Research (LRCX) was upgraded to Overweight from Equal Weight at Barclays. Philips Electronics (PHG) was upgraded to Buy from Hold at RBS.
Analysts Downgrade Summary
MOST NOTEWORTHY: Synaptics (SYNA), Ameriprise (AMP), MetLife (MET), Great Atlantic & Pacific Tea (GAP) and SuperValu (SVU) were today’s noteworthy downgrades: Jefferies downgraded Synaptics to Underperform from Hold after its channel checks indicated the company’s Q4 orders are tracking below guidance due to market share loss and negative mix shift. The firm lowered its target on shares to $16 from $26. Credit Suisse downgraded Ameriprise and Metlife to Neutral from Outperform and said they do not see material upside for either over the next 12 months. Pali Capital downgraded Great Atlantic & Pacific Tea and SuperValu to Sell from Neutral citing valuation and upcoming data that they believe will illustrate how fundamentals continue to deteriorate and that near-term structural competitive pressures could materialize…OTHER DOWNGRADES: Goldman Sachs (GS) was downgraded to Neutral from Buy at Meredith Whitney Advisory. Joy Global (JOYG) was downgraded to Hold from Buy at KeyBanc. Carrizo Oil & Gas (CRZO) was downgraded to Neutral from Buy at SunTrust
!!
Cisco to acquire Starent Networks for $35 per share or $2.9B
Cisco (CSCO) and Starent Networks (STAR) announced a definitive agreement for Cisco to acquire Starent Networks. Starent Networks is a leading supplier of IP-based mobile infrastructure solutions targeting mobile and converged carriers. The Mobile Internet is at an inflection point as IP-enabled Smartphones and other connected mobile devices gain rapid acceptance. Service Providers have been actively investing in this market as global mobile data traffic is expected to more than double every year through 2013, according to the Cisco Visual Networking Index. Under the terms of the agreement, Cisco will pay $35 per share in cash in exchange for each share of Starent Networks and assume outstanding equity awards for an aggregate purchase price of approximately $2.9B. The acquisition has been approved by the boards of directors of both companies. The acquisition is expected to close during the first half of calendar year 2010; however, the close date is subject to customary closing conditions and regulatory reviews. Cisco expects the acquisition to be dilutive to non-GAAP earnings in fiscal years 2010 and 2011 and accretive to non-GAAP earnings in fiscal year 2012.
Some beach!
I sold out of STAR!
Fly, did you sell out of all your STAR or do you still have some?
Your thesis on a M&A frenzy in tech is right on time…..
prepare for at least 6-8 weeks of no cursing. Doubt you can do since it is second nature in this business
Fly has not commented on STAR because he is busy cursing in real life, because (if I remember correctly) he sold out, as i did.
Senor, slap your servants in the face extra hard this morning, with a grilled cheese sandwich, and let us know what you think.
This just in:
The Wall Street (NYC) police precinct has confirmed reports of old men being pushed down manholes.
Witnesses say a man wearing a white cape and leather sandals was observed leaving the scene of each incident.
Details at 11.
2 more eye witnesses have confirmed the man was in fact wearing a white robe, not a cape as the first witnesses thought.
Was the cape made of burlap?
fifd
If the first 19 minutes in FTEK keep up thar be a cursin coming on
this site gets more and more useless each day….
I’d advise returning to the Slope of Dopes then.
Or just leave your money here w. us.
“Six of one, half dozen of the other.”
+________
Ricky Williams………my favorite pothead of all times. Freak of nature. 12 years in the league give or take.
This is “The Fly” when FTK prints $3
http://www.youtube.com/watch?v=dHdi2Mt-CQw
DRYS upgraded this morning, Fly (and me for a change) wins again.
oldmen have canes in which to beat back the overly bullish – still say 9500 before 10,500