Banks, Commercial Re and Basic material stocks soared higher today, as the dollar got punched in its face.
My Equinix, Inc. [[EQIX]] position got poleaxed, as the early recovery in the stock waned, so did men with balls.
At any rate, today was a good day for stocks, offering a quick knife through the chest retort to the morons who sold short yesterday. My position has not changed: sell into strength, until my cash position hits 25%. However, during the course of today’s action, I got sidetracked, buying Jarden Corporation [[JAH]] and more Equinix, Inc. [[EQIX]] .
My sense, tech stocks are going to marinate for a minute here, as other sectors take the spotlight. I have a general idea where I want to go with new funds. I will reveal such “gifts of knowledge” over the coming days and weeks to come.
Out of all of my positions, I enjoyed looking at [[MWW]] and IAC/InterActiveCorp [[IACI]] most today. Something just isn’t right about my positions right now. I need to do a little more reshuffling.
UPDATE to Shorts: Amazon.com, Inc. [[AMZN]] smoked you.
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FIG ….
Until a few weeks ago I thought all this FIG shit was just a bunch of guys long Fortress Investment Group. I’m glad this has been clarified.
The Pimp sleeps soundly now.
Thks PPT for POWR @ 9.64
Thks V.King for USO @40.73
And special thks to Toby Keith
http://new.music.yahoo.com/toby-keith/videos/view/as-good-as-i-once-was–19596472
SYNA!!
Why the eff is it rallying?!
I will be posting no more. My computer screen, iPhone, and laptops will all be smashed to bits, shortly.
I bid you farewell.
get over it
LOL up 10% AH
Too funny
You do realize that if you smash your laptop the next one you get will most likely have SYNA’s hardware in it, right? So, smashing your laptop means you’ll be helping SYNA sell more product.
OBTW, I’ve been long SYNA since 10/16 @ $22.16. So, please go ahead and smash your laptop.
fifd
Well done, Mr. Boucher. Synaptics is da debil!
Seriously though, i’m not short the stock. I took a big loss on it, when I averaged in at 26 and change and just could not bear to see it drop any further. It was in free fall mode. Literally, I sold out at the bottom of the turn, within 10 or 20 cents of the absolute bottom.
I normally am OK taking a loss here and there, but this stock was different; I did all my homework and I was confident in the stock, the whole time, up until the day I sold out. It was childish, stupid, and showed lack of experience and maturity. Should have trusted myself, instead of trading based on emotions.
There, I feel better now. Just needed to berate myself a bit.
Howie Is God
Queer Tape
MMM to 100 (or par like the dickheads say)
JG nice call on XOM
Grazie, it’s a rather large part of the SPX, isn’t it?
_
Aaaaand if you think the recent pivot low in EQIX (87.50) is going to hold going into EOY, you can sell a 90/85 put vertical, return on risk about 35% with a breakeven of 88.75
Oh, almost forgot.
126k traded on XHB 16 calls, opened, bought on the offer, vs open interest of 7k.
Ho-ly smokes.
Just curious- how do you learn it is an opening position?
Holy fuck, AMZN up 13% AH
Looks like Coach won the 100 roll sweepstakes
Most of the tech companies are kicking the shorts in the balls this quarter
Nice to see AMZN right behind it. I love me some $100 roll.
I wanted to update everyone here on my blog. As you have witnessed, I have handed over the blog to the audience so they can post up their charts and offer their analysis. Where do these people come from and whats their experience? I dont know. However, their charts look good and everyone else seems to love it even though some of their analysis cannot be decoded by my lemmings.
I have been getting notes stating that this type of blogging is a bit irresponsible. Who are these characters posting to the blog? Well, if you lose money from my blog then its your own fault. Hey, you were stupid enough to read it in the first place.
Right now I can kick back in my home and let the audience run the blog while I watch. I love it.
I admire Fly because he puts a lot of thought into his picks which goes beyond technical analysis and addresses such things as fundamentals and psychology. I just kind of pick stocks that are way above their moving average and hope for a snap-back. Sometimes I dont get that snap-back though.
Well guys, Im off. Its nice to get that off my chest and I hope this all makes sense. Fly, Im waiting for you to appove my application to the PPT. I wonder why Im getting silence.
Tim Knight your gravatar and your style are one in the same. Empty and void of content.
NO PPT for you!!! The Fly want’s greenbacks as payment for his service not b*llsh*t praise from a wanna-bee’s.{i’m sic}
Long live the PPT
You sure spend a lot of time reading my site dont you ?
Totally fucking hilarious
LOL getting confused, is The Real Tim K really the real Tim K???
This is priceless: “I just kind of pick stocks that are way above their moving average and hope for a snap-back.”
wtf… fas…. back up…the fuckery is unacceptable
100% cash now developing later
Charles “Uncle Tom” Payne, the fat oversized sellout of his brothers, is blaming the financial crisis on the Community Investment Act which sucked low income blacks (and whites) into buying hiomes they eventually could not afford (due to shady mortgage dealers).
Yeah Uncle Tom, like those lower income home buyers wrote and bought derivatives, overleveraged the banks, and speculated in commodities and hedge funds.
Tell us another one, you Uncle Tom Fat Boy!
Obama was an attorney for ACORN in 1994 and sued banks who turned down minorities for loans. Banks were forced to make loans that they did not want to make. It appears that the banks decided to get rid of the loans that they were forced to make by whatever means necessary. The heating up of the subprime housing moved up the food chain. Some who were in subprime housing suddenly caught a bid for their houses so that they could trade up. Greenspan provided low rates and even spoke out in favor of the easy mortgage credit. The finger points back to government – the same government that it is about to “fix” health care.
Wow! Cramer sticking it to Fly’s EQIX pick, even after giving Cramer some love on this very blog … Egregious!!!
But if things work out as usual, Fly will win again even when it appears he is losing, especially from a Counter-Cramer move ….
BOOYAH!!!!!!!!!
Only douchbags watch Cramer
Fuck You … that’s entertainment!
Note to self: have the children leave the room when selecting the video. Isn’t cussing by proxy the same as cussing? Dow hasn’t reached 10,500 last I checked. I thought we’d stay PG until then.
Smoked bear ,, just like apple earnings lol or Eqix smoked bear ?? what does ” reshuffle “mean ,, is that cut cut all the losers you picked up this week?
anybody know if DICK BOVE is a bear or bull??? or both maybe ??? just wondering if he was shorting a bank or something bank related
is he a well respected figure or some douche bag whos looking out for himself by making market changing comments
All these talking heads – Cramer, Bove, et al, will make some right calls and some wrong calls. How do you know which ones are right? You rely on your own self – like the Fly has told you.
i do rely on myself ..i do dare to be different ..just like to know if bove makes a monthly statement and if i can expect it to be bearish all the time ..and if it is a scheduled statement as i will adjust or add note to my chart..
figured i would ask since i have to rely on myself and nobody else is asking ..
thats how i learn things ..thats why im here
never mind found what im looking for
Everything with a grain of salt grasshopper…
Just remember Dick Bove’s great call to buy C in 2007.
http://globaleconomicanalysis.blogspot.com/2007/11/question-of-solvency-at-citigroup.html
Yeah right.
i just have to ask myself , what is or was he up to ?
thanks for the link
This is what I think of DICK Bove
http://ibankcoin.com/flyblog/2008/09/16/class-of-2008-asshat-of-the-century-awards/
http://blogs.wsj.com/marketbeat/2009/10/22/dick-bove-gets-out-of-the-instant-analysis-business/?mod=rss_WSJBlog…
http://selfinvestors.com/tradingstocks/banks/dick-boves-wells-fargo-wfc-sell-rating-drains-any-credibility/
may I kindly suggest you look into the utility of url shorteners such as bit.ly
yes by all means suggest that …and if i may respectfully request of you a simple single left click of your mouse on the hyper link..
i will sir , give due diligence to your request
I hate url shorteners. I cannot tell what I am about to click on. Leave ’em long, I say.
And I thought I was a Luddite
Don’t be so modest. You’re an incredible slouch.
fifd
John Stewart just ripped off the Fly. John Stewart, you are a goat fucker!
what did he say?
A whole bit about goat fucking and goat fuckers.
There hasn’t been a new Daily Show all this week. What are you talking about?
In my latest post at the slope, I created a video. I’m finally at peace with the market. I mean, I have been trading the markets since 1987, created a charting program and authored two books on technical analysis…I’m a little disturbed that I missed a 50% rally on the Russell 2000 which made some stocks go up 10 to 20 times. I guess with everything that I have written on the subject of charting, I should not have missed this move. On top of all this, I am now showing a loss in my account. Its still very much in the red.
I remember a few stocks like DTG where every time I mentioned them they would then double in price. Now its up to like 26 times its March low.
Ok ok. I forgive the markets, markets forgiven, Im at peace. Now stop telling me that its not the markets that were wrong, it was me. I know about the old cliques from the Stock Operator book about blaming the market and there is another one about that old clock being right twice….something like that.
Look, I am now at peace with everything that has happened. I have come full tilt. Just by my book so I can continue trading as the brokerage is sending me to collection over a few bad ES trades that went horribly wrong.
I also wanted to add this. Please stop sending me emails about the trader with 2 years experience that I let post about trading the Japanese Yen futures. I am positive he is good at what he does and believe me I would not let someone post about a complex topic that the general audience would not be able to handle. I am certain everyone in the audience can win trading the forex. BTW, I am going to align myself with FOREX pretty soon as they are promising to get me out of hock with my broker over those ES trades gone bad.
getting a little old. sooooo played.
This stuff is way too funny
Dude, the video is a cute way to hide the fact that you have nothing to say and that when you try to say something you sound like an ass. Who’s got time to sit through your whole video only to find out that you are lecturing on kindergarten topics (and doing so very poorly).
“we’re in a bull market, you know”.
all you need to know.
MSFT killed it! .40 vs .32 est. 12.9b vs 12.3b est rev.
Indeud.
What do you think the fallout will be from the Cramer hit-job on EQIX?
Cramer is an idiot.
he is trying to help out a friend with his EQIX rant. It’s all lies. Or, even worse, he has no idea what he is talking about. Data centers are not going anywhere.
What a putz.
Some got caught short in a big way.
Investment themes for the next 50 years: Bandwidth (wireless and otherwise), Storage, CPU, and electricity to run it all.
Jed, hangs a life size poster of Donatella Versace in his bathroom.
Jeff Bezos is having a good day. His net worth has increased by $1.5 billion since 4pm yesterday.
Looks like Balmer [sic] can buy a new Ford today as well.
this shit is crazy….
buy 20,000 DVAX under 1.47
let go already.
The hell with biotechs.
ehh, This will be back next week.
Only 2 biotechs for me BCRX and DVAX.
Thanks though Fly
They’re like crack or meth. I think I just got busted. Only 2 more on my watch list after DVAX. Then I’m done… (one way or another)