I bought 5,000 Corinthian Colleges, Inc. [[COCO]] , north of $13.30, 3,000 Cummins Inc. [[CMI]] @ $47.80 and 10,000 Sociedad Quimica y Minera (ADR) [[SQM]] , north of $39.10.
Disclaimer: If you buy the above stocks because of this post, you will be carjacked. And, you may lose money.
Joined Nov 10, 2007
23,433 Blog Posts
SQM is coiled. For those who have a small brain, like a dog, that means it is about to spring upward. (LMAO)
Explain to my small brain why it is coiled.
If you are long SQM you want the coil to break DOWN first. According to my man Gary Savage, breakouts/downs from a coil fail (and go in the opposite direction) 70% of the time.
Disclosure — I am in SQM.
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Sorry, I was referring to a comment Fly made to somebody when they didn’t know what “coiled” meant.
I am of the humble opinion that above $40.50-ish, SQM is free to fly. If Jake is present, he could explain it better than I could, I’m sure.
OK, I guess Jake responded while I was typing. Should have known; Jake is everywhere.
It had a failed breakout above $40 already in Dec. Second time’s a charm?
Covered my LVS short position yesterday for a small gain. Looking to short it again soon.
Sold a little bit of my GMCR for big gain — thanks Fly — will continue to hold some as it melts the fuck up!
Added to my shorts on TOL yesterday
Added to my shorts on MAR yesterday
Bought more TBT a few mins ago
Also initated a new position in SRS at $7.55
Some of my holdings
Long GLD, SLV, ISLN, GMCR, HYG, TBT, SRS
Short GE, MAR, BAC, TOL
Have Puts on RTH
I am short Bill Mahr, m’self.
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Lets go coco beware: http://tinyurl.com/bewarecoco
GME, table pound.
FTK= VROOOOOM!
FTK running
Whoa…whats going on with FTK??? You buying another 5% of the float there?
GOLDMAN is pretty bullish for 2010… one of their top 10 trade for 2010 is to short the VIX; they expect it going back to the longterm mean at 15ish…
Im buying Ags/refiners/ Russian, Brazilian ADRS here…
Mosaic breaking up to the upside as well…
WNR looks like a good buy too…
What an amazing feeling to buy SQM and then see it as a fly buy!! Such puny events rock the world of this mere mortal!!
Also, in rereading every archive post of the Flys, FTK’s reversal makes me feel sooooo good even though I don’t own any!
I have made so much money watching what you do! I want everything good to come your way!! May Mrs. Fly massage your feet and kiss your toes every night!!!