Zerohedge ran a story on TSTC and the stock is down 30% on that news! On face value, the story seems to be well thought out and coherent. But to drop it 30% based upon unsubstantiated internet jargon? Holy shit these Chinese stocks are snowmen in the Amazon. Taking the other side of that story, without having one single fact, I’d be very careful taking the advice of anyone, like ZH, who has an ax to grind. As you well know, the only ax I have to grind is on the heads of my enemies.
The market just vomited up all of its gains, led down by CRE and retail. However, to be fair, many sectors and stocks are still green, especially mine. Thus far, 2011 has been one giant jerk-fest. We’ve been unable to go anywhere, up or down. The thing that worries me about this type of action is that it is accompanied by euro-trash debt worries. Nonetheless, Mr. Bernanke and his perverted friends have our back. Like I said before, like organized religion, it takes a little faith and a lot of crazy to believe in this shit. I will have you know, “The Fly” has all of the prerequisites, and MORE, to qualify as a cult leader for this market.
Try not to get sucked into fucked up vortex’s, as this type of intra-day bullshit tends to coincide with epic headfakes. I am not basing my investment philosophy over 1-2 hours. I fully accept losses and expect to get some wrong. But at the end of the day, I win at a criminal rate and there is nothing you or your stupid friends can do about it.
Top picks: see prior blogs.
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fig
in it to win it, holmes…
what is this FIG faggotry? is that like saying “first”?
timely & fervent commentary
Today is National Human Trafficking Awareness Day. At the risk of sounding too sober for this community, I just wanted to mention it. It’s a real issue in the world (thousands of children are prostituted in NYC, for example). Children are being used against their will as slaves and prostitutes. I’m sure some of you have young kids.
If Le Fly allows this comment to stand (since it has nothing to do with investing), I just wanted to encourage some of you who might be interested in getting involved. I won’t mention it again, after today.
Check out Love146, SCTnow, International Justice Mission, or the SOLD Project, to name a few.
If Fly is half the man I think he is, he will donate some money to this cause.
how much for thee wimen? thee little girls, how much for the girls?
For you of for Elwood?
tell that to your local chinaman,they are the pros of human exploitation
The Sell TSTC algorithm must have a tiny hold coefficient.
Great article: This is how the game is made, not played.
Algorithms Take Control of Wall Street
http://www.wired.com/magazine/2010/12/ff_ai_flashtrading/
I would add BORN to your list.
They have a factory coming on line this month, could be a driver.
From Dec 7th press release. “China New Borun provides 2011 pre-sale update; The Daqing Phase III facility is on schedule to become operational in January 2011; sees strong revenue and profit growth in 2011”
“Yabba Yabba Yabba!” he said, as he stepped into the funnel.
_________
Rolled OCZ winnings into ERII @ $4
Im in that also. Nice chart.
Indeud
Flaggy. Gotta clear that moving average. When it does, 5 bucks is on its way.
200 cleared!
Looks good. I wouldn’t be surprised by a couple of days of short-seller ass-hattery, but that gap at 4.90 beckons.
Well, one question is POMO, the new schedule comes out tomorrow afternoon, so no one knows if the Fed will be buying tomorrow or on what days??? Cuz, the next release of the approximate purchase amount and tentative outright Treasury operation schedule will be at 2 p.m. on January 12, 2011…
I like that blog post. Classic, unadulterated Fly-style.
Just wanted to pay my respects, Mr. Fly, for this fine thought.
“I will have you know, “The Fly” has all of the prerequisites, and MORE, to qualify as a cult leader for this market.”
-DT
So who’s dumb enough to go long TSTC here? Besides me?
not after reading that link he posted of the article from zh………..fly, i think the purpose of the article was to shine a light on “made up” accounting…….i still cant believe no one gets the chinks. THEY ARE THE MOST MANIPULATING MOTHERFUCKERS THERE ARE. hey fly,that article also mentioned that chng,you mentioned that ticker the other day. whats that pos doing?
I’m in for a couple hundo.
It’s like a pump-and-dump in reverse. Hopefully.
What or who is Forensic Factor? Can’t find anything about them. Go to seekingalpha and this is the only thing they’ve published with no contact info, no real profile. NADA. It may be as much of a scam as TSTC is. I have no position so I don’t particularly care, but who the frig is Forensic Factor to demand a halt in trading?