Let the market sell off a bit; who cares? Today’s bloody tape is good for the bears’ confidence. Let them get all huffy again, so that I may burn them at the stake later. It’s equal to letting a small child win a footrace. Run little bear, run.
I’m not ready to buy just yet. The sell off is too shallow. I have numerous positions getting punched in the scrotum and I view such assaults as “healthy.”
At the very top of my shopping list, on further weakness, is Sociedad Quimica y Minera (ADR) [[SQM]] , Cummins Inc. [[CMI]] , Equinix, Inc. [[EQIX]] and Green Mountain Coffee Roasters Inc. [[GMCR]] .
If you are a short term trader, with your dicks stuck in donuts over this sell off, do something about it. Do yourself a favor and run your positions through a virtual stress test, reducing their stock prices by 20% or so, and see if you can handle it. If not, you need to raise cash.
See folks, investing is not about making money, then taking your special lady friend to the opera for celebration. That’s fucking gay. Life in the market is about digging a trench in your front yard, in order to sneak attack your neighbor by offering him a 6am punch to the face, unannounced and completely unexpected. If you are trading like an imbecile, then you are a victim and will be treated as such.
Be a predator; quit being a pussy.
Bottom line: stocks are weak. Expect to lose money. Make sure you can handle it.
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If SQM can get back to 40 i’m all over it
$40.40 or so should be the bounce back off the 61.8%. That’s when I fill my second half.
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Steve the Neighbor – be warned!
Fly, I am a bit discouraged by the tape. Knowing that natty is controlled by the most corrupt among us, I watch CHK closely. The action yesterday was a “blow-off” top. Your favorite nat gas play, SD, opened way up, and got killed all day long. I honestly believe we are in for a nice deep drop here. It is time to become Tim for a few weeks.
Hey Fig,
I want to buy more SD at $9.60 range.. I can see one more day of pullbacks and the bears will get stomped again next week.. Good luck FIG!!
I want to buy more SQM @ $41.50 range and CMI @ $51.25 range..
“Expect to lose money.”
now that is refreshingly honest. Always a pleasure to read top-notch bloggery on a cum-fuckery day.
the fly regards CMI as noble genteelmen, in fine hand-woven suits and wigs crafted from spun gold, that are being unfairly lambasted by the market selloff
Thats it. The bottom is in. Go long.
I concur.
Hey Mike,
I think we have one more day left than we resume, but oil will fall back to $78 dollars a barrel tomorrow.. I think we are up in 2 days slightly going into another great week!!
Going for a spin in my rocket ship. I’ll be back in an hour or so.
I have no fear about Fly attacking me because I don’t trade like an imbecile. The other neighbor (the evil one) had better worry because he is an imbecile. I caught him the other day trying to take off the Obama Hope and Change bumper stickers off Fly’s yellow PT Cruiser. I told him don’t do it again or else Fly, Jr will send some tennis balls through his front window.
P.S. When Fly means his rocket ship he is talking about the PT Cruiser.
I went back later and finished taking the bumper sticker. I now have it hanging above my bed. I look at it every morning when I wake up and relish in the fact that I got away with it.
Steve, regarding the feces that you wake up to each morning on your lawn- it is not my dogs 😛
Fly, if you don’t pay me for that sac of weed I fronted you I am going to move the hangover feces fest to your fucking lawn.
“Sac of weed.”
Nice.
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nice use of the english language. 🙂
Fly do you get good mileage on your ship?
Bought some GOOG..SLW..MAS.. Sold CMI Thanks
Holding SQM– coiled
Move along, no crash here, we’re going “Sully.”
Buying a little more USG.
i flippin love steve the neighbor. Funniest commenter by far. I lol often
Obviously you are a mensch, just like my neighbor. Unlike some of the mishugenahs on this blog (like Tim Knight) who are always kvetching about something.
Come on…who didnt know AA were going to miss earnings? Seriously, what is the company’s batting rate? Ive read a while back in Bespoke that something over 60% they miss earnings.
I am buying some GOOG on this dip, only because the Android phone is ALOT better than my Blackberry Bold.
good for you for shorting AA right before the close yesterday. Nice Trade
I am not short…just saying…besides you never know how people react to earnings even if they were bad; its like a crap shoot.
The Fly is right. I’ve been bearish for months and my asshole is sore because of it.
Kill em all, let the paramedics sort em out
Holy fuck finally a red day in the market and CNBC clowns are calling another 5000 point crash. These people need to be euthanized.
Now THAT would be worth watching (the CNBC euthanasia).
“See folks, investing is not about making money, then taking your special lady friend to the opera for celebration. ”
that’s so fucking good it’s beyond the five sensory perception world!