Dollar tankage. Like the sweet set up in LIOX yesterday, I have 10 more stocks readying to break the fuck out. I don’t need the damn stock market to rise when I have unique and overtly special situations, might I add. Whatever weakness you may think is set to occur, thanks to a GS or an AXP miss, it will be short lived. As a matter of fact, I declare this market is unbreakable.
I relish the day when stocks fall more than 5% in a given week, so that I may buy them all and put said certificates into my vault for safe keeping. At the top of my list is degenerate small cap stocks, low in price and in honor. I have 12 stocks on my “Immediate Buy List”, saved in The PPT (subscribers go find it). I intend to cherry pick from this list, in order to fulfill my craving to gamble, in the most heinous of ways.
As always, earnings season is filled with remote detonations, effectively fucking up noobs in the process. I make it a point to avoid potential pitfalls. But frankly, if you own equities in size, it is inevitable. So if you find yourself this morning, CREE-mated, don’t lament over it like a little bitch. Just chalk up an “L” and accept the fact that it’s part of the game.
Top pick: PH
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Si Senior Tropicana. LIOX es un poco caliente.
muy bien
” I declare this market is unbreakable”
Spit the knowlege. It truly is different this time.
Don’t get too excited…
He got the M. Night Shamalyan Box Set for Christmas.
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That is priceless! Well done Mr. Gint
dollar down, futures down. wait what?
Oh the drama, its just too much to bear
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It truly is. You should take a nap.
I am about to nap.
Love your wig clipping story.
The top is not in until it is (haircut related)
I realized last night that I read too much iBankCoin when, upon seeing a Planters peanut commercial featuring the animated peanut guy in his top hat and tails, I thought immediately of “The Fly”.
Comparing me to a peAnut gentlemen is reprehensible
gentlemAn. As in the A game.
NIL showing huge relative strength during this morning weakness.
NILE
How could GS get 50% less earnings? Such tolerances are just incompatible with precision-high-frequency bot-trading.
They shut down their prop trading desk.
Ah, I see. Shut down. Literally. I’ll buy ’em when they boot it up again.
Time to pare back risk, not to increase risk.
Agree quite sternly
I see the HFT TradeBots stopped AAPL at a nice round number $340.00.
Those MIT grads are not very creative.
Let’s see if they can do it again and if not….
Then flash crash.
It’s been awhile.
There are plenty of flash crashes for your daily enjoyment. Behold the opening bell action in both MHR and MNKD. I especially like MHR that lost half its market cap in about 1 minute.
I thought that was just my charting program but now I know it was real …. that’s a lot of stops cleared out with few buys executed no doubt …
Too many large red candles today …. the top for the phase of the bull may be in!
I imagine some day the TradeBots will create a flash crash similar to the program trading fiasco in Oct. 1987, only quicker.
It’s only a matter of time and I hope I am retired by then.
Here is an article about one of the HFT TradeBot firms.
They hold millions for an average of 11 seconds and haven’t had a losing DAY in over FOUR years.
http://www.nytimes.com/2010/05/17/business/17trade.html?_r=1
Were you on vacation on May 6th?
Actually, I was out all of April and May doing other things.
I remember checking quotes on my phone while on a break.
I am talking a 30-35% decline of the indexes within an hour or two.
10% in about 5 minutes was pretty scary. I’ll never forget the day. I had just arrived in Sakhalin after a hellacious trip getting there. I was shattered.
Logged onto my account and saw the S&P down about 20 points. Not nice, but there’s been worse. Went and got a cup of coffee and had a smoke. Came back and the S&P was down 100 points. Double-take, triple-take, it was literally a “What the fuck is going on” moment.
I had not been able to look at the market for 2 days and timed the flash crash within about 5 minutes.
Edit: “this phase”
Today’s slide = Dog and Pony Show
You screwed USA.
hey hu,did you tell your dumb host,that your country wants to be paid in the yuan yet. do it before lunch,so he doesnt enjoy his dinner………that i pay for
Want egg foo young and General Tsao. He probably give me hot dog and Kenya stew.
Lunch is $4.75 at Peking Garden. You can’t beat that. Chicken chow mein, pork egg foo young, egg flower soup, hot tea, fortune cookie. How do they make any money?
Actually the dollar and eur/usd is what it was last night at the start of the europe session. China “leaked” their CPI, GDP data last night, its not official yet but gave the rally in their market and the risk on play. But, eur/usd is having problems with 1.3500 level of resistance and has been doing battle at that level ever since.
You hired. I follow you here many days. You smart and know more than my cousin. Hu Pfat. You be my advisor?
lol,very funny….. isn’t Hu Pfat getting on the train like everyone else right now in China and going home to celebrate the Chinese New Year at the start of Feb….Party over there….can I start after your yearly shut down for the party? lol.
Fly
I vote yeah on The V.King being a blogger…
Me too.
Get some.
That’s 3…And since the V.King spaeaks in the 3rd person I second that…that’s 4
Also FTK is 100% going uo $2.00 in the next 30 days…
Also I own a ton of IDCC at lower prices but it will be $65.00 by the spring
remove the “a” and “o” and throw in a “p” for me Jeremey
You expect Jeremyey to be your editor?
I’ll take that as a “Yes” vote for the V.King
5 Let’s go guy’s….
I vote yes. I think Fly believes you to be a yutz, but I think you are more of a mensch. Besides Neighbor Fly is in a better mood around the neighborhood when he has used all of his energy yelling at you.
I think actually the term for V.King is “Meshugannah,” but he gets my vote too.
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A fitness blog is not such a bad idea. Not sure it’s the right place here, though.
WTF thanks for your Yes vote…now drop a 45lbs plate on your eye socket…The V.King presses much more than steel…
Why limit yourself here? You could easily become a “Press Responsible” at Helicopter Ben’s office.
100 oz gold or silver bars make great free weights.
My first experience with the PPT:
http://www.youtube.com/watch?v=yT2cJg8lut8
8 Yes votes
Somebody call the Dojo and tell DMG to get his vote in please…
Sumimasen, ‘Yay’
Why???
Fly there is a stock you own that i am thinking of buying. i saw as i was looking into any insider buying that the ceo recently bought 39 shares…? what the heck..i don’t get that, why bother buying any at all..or is it a play for other to follow…i dont know just wanted to see the logic in that..
Probably on some kind of profit sharing or end of year parceling plan. In other words “automatic for the people.”
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thanks jake..