Early in the day, for my personal account, I sold out of SOHU and UTA, due to strange trading behavior. I didn’t like the way they were trading. As a matter of fact, I do not like how any of the chicoms are trading. With the proceeds, I bought boat loads of RBCN and IMAX, at $22.80 ish and $27.70ish respectively. Let me tell you right now, I will not relent on these two until my blade is stuck firmly into your jugular, twisting away at your arteries.
If you are short these names, your head will soon be mounted inside of my fucking garage (’cause it’s not good enough for my office).
For managed accounts, I sold out of PWRD (chinese fuckery) and loaded up on TEX. Milk the farmer. Destroy the peasant!
The dollar got crushed today, alongside treasuries and munis. Risk is back on, in a big way. The European debt crisis will be neutralized and stocks will trade up, in my humble opinion of course.
Most of my positions charged higher today, allowing me to gain about 0.5%. Year to date, I’m up about 2%, while my personal psychopath account is down about 5%. There are two sides to the 240% leveraged blade, trust in that. Nonetheless, I will make all of it back, very quickly, and much, much more. Watch me do it.
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FTK not helping?
sold
IMHO most stocks are pure turds, the secret is knowing when to flush them. LOL
FTK………….. looking for 8-9
now watch this drive!
Don’t press the blade too hotly… turns out they close the markets at 1 pm out here, so the local gentry (cf, Danny), can attend to more important matters…
Like singer-songwriting technique.
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As Dad rebalances his 401k from bonds into equities and Mom goes out shopping like there is no tomorrow, the unemployed will remain so because the Fed has his back. The turd world countries will attract capital from the likes of the Harvard endowment (75% in BRIC, how original of them) as the average Chinese dreams of having one car in the garage, one child, one TV set, one job and one leader; willing to work his guts out 16 hours a day to achieve what we take for granted. Yes, Virginia there is a Santa Claus and that is the might of Wall St coupled with the Federal Govt flush with our tax money and IOU’s as politicians gear up for 2012 throwing money around like a 3rd string pro quarterback in a strip club. There will be brief, violent swings but what the hell, it all comes out in the wash.
AGNC is going to price 20m shares tomorrow, buying op.
Are you still long VLNC I have 280K shares from 1.40 and plan to hold till 4.
UTA looks good, why did you sell that one?
Yeah, Dollar dived with the new POMO schedule and Hedge Funds supporting the auction last night, the Fed seems to have no fear of congress what so ever with their daily buyings. ECB and BoE of course meet tonight for rate meetings. Risk is running up in a big way and the world is all bullish……The Clam is still funding this stupid party of the very rich and no one cares at all…Mom and Pops are now buying the market….everyone wants a piece. For myself, Bubble 101 is one very hard lesson to learn, I guess that is what the housing bears and tech bears must have thought during those bubbles too.
Here’s your lesson. Don’t fight the Fed, but be prepared.
Just wait til shit breaks down. Sure, you won’t be able to tell everyone at the crocktail parties that you were short at the exact right time, but a least you’ll be solvent.
‘Sides, you can always say “I told you so” without betting your actual lifesblood on it, no?
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Jake, How can I tell when the shit breaks down?……………. With Bot trading the flash crash would be nothing if news breaks that the Fed is stopping or slowing down this Money train. China is slowing, and everything seems to be needing them…yet, we rally on. This is not a right or wrong thing for me for parties, but an understanding of the world players….and how the markets move…I want to see it thru on the bearish side.,, I only have money in the game I can give up as “tutition money”…my time has the greater value, but I really am so amazed by all of this, I can’t think of anything I rather do with it…reading thru Stock Market history, this pattern keeps repeating itself, and if history is correct, we are not getting better at all…but I will see.
Or is it that everyone know that Fed will buy until June and will just ride it until then?
Jake, Good example, I thought that Port, Auction last night was Funds agreeing to buy it befrore hand, tonight I found out I was wrong….it was Local Banks buying it on a pre arrangement, then selling it to Central Bankers on a discount AND then they try to sell it to Funds that may or may not buy it….I didn’t know it worked that way….I love learning about all of this.
When those squiggly lines on the charts start going from upper left to lower right you know shit’s breakin’ down. Right now them lines going from lower left to upper right. That means shits still good.
Easy enough, no?
Nymph, I don’t mean to always be a jerk, it’s just that nearly everything you say I happen to believe basically the exact opposite. As you research stock market history isn’t there something very obvious? The market is generally expanding much more than it declines. Thats why all the looong term charts generally run bottom left to top right. Unfortunately, you started watching the market during an extreme bearish period of time, it’s not always like 2008, nor does that kinda of shit need to happen. It could be many years for that type of environment to return. When the market gets bearish again, you can raise cash, perhaps hedge and use it as an opportunity to load up on good companies that will make you money once the recovery occurs. Being a perma bear will only put you in the poorhouse. Just my opinion, good luck.
I vote for V.king as new blogger – or the matzo ball soup guy from century village in Boca Raton. Both real winners. Oops gotta run…there’s a new hair on my ball sac that I must examine and play with.
MOTR getting poleaxed into submission here. I wonder how much longer before they let it run. The thing has been trading up big at the open, then just getting completely killed into the close. Eventually one side is going to give in, and I am assuming it is the sellers.
Mr. Fly, I have asked you nicely and repeatedly to tone down your vile inflammatory rhetoric. We will have economic social justice. WE WILL WIN! WE WILL WIN!