Let me be the first to go on record saying ” I will not be fooled by these tricks, as I do not believe my own eyes.”
The difference between yesterday’s bullshit sell off and today’s is time. Time is the only thing that separates the Bearded Clam from his destiny. Who am I to doubt what The Clam is doing? After all, does he come into my house, telling me how to vacuum my rugs or how feed my pet lobsters?
Absolutely not!
Therefore, I will not sit here, doubting him, as this market dives lower.
In other news, FTK wants to go to $3. I hope you understand by now, the company is in full recovery mode. Go read their earnings press release and listen to the conference call. Growth is back with a vengeance and it will continue. They gave guidance, alluding to October sales trends, which places company revenue at 45 mill for Q4. If that’s the case, expect the company to make a profit of .05.
As per the terms of their financing, should the stock close above $3.02 for 20 consecutive days, the company has the right to force conversion on millions of warrants, which would serve as a major windfall for the companies balance sheet. With the stock at $2.40 and climbing, it’s only a matter of time until this happens.
Aside from that and my second largest position, EJ, everything sucks.
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I’m selling the EJ. That report sucked, imo. Chinese real estate has to blow. I’ll take the small profit.
Wrong. The market is very fickle about chicom eps. If the stock is up that means it passes the smell test. EJ trades higher
With POMO hitting starting tomorrow, and then every day to X-ma, GS & it’s illuminati brethren are on orders to scare everyone out of the market so they can scoop it all up & sell it to Benny & his helicopters.
Nice position with FTK; hope it follows through for you. I’ve watched you juggle that one for a long time now. It’d be sweet if it turned into one of your all time best returns by going through $10.
Personally, I’m done playing the hedging game for a bit. Time to sell off, cover debt, and just be content with being whole.
I’d be happy with $3 on FTK… but will probably hold it for as long as I can into Q4.
bought 5K shares of LVLT @ 1.17
If this market was a movie it would be “The Clamming Game”, after the Neil Jordan picture.
In other words, “she” has a weiner – and all that that implies…
“JODEEEEEEEEEEE!!!!!!!!!!!!!!!!!!!!!!”
Nice moves.
I was right yesterday in my assessment that FTK likes to mimic rotary rig count. That’s my indicator for that stock. In other news, I held onto my dick via ATHR through CSCO’s apparently horrific earnings (not really that bad IMO) and look how the stock has performed today; a straight 6.5% run from the open! Look at the action that just occurred at 10:41AM, someone is trading fucking size here on back of a Barclay’s upgrade. This goes against a downward valuation revision based on gross margins the other day. 12% short position too.