Believe it or not, I was socializing at a nearby Dunkin’ Donuts last night, talking to a man, who I assume was homeless. He was decked out in a NY Jets jersey, blue jeans and some sort of furry hat. As I waited for my coffee, I noticed he was checking out stocks on his fucked up, old, blackberry device. He was rifling through names with great vigor, so I asked him: “hey, how’s the market treating you?” Much to my surprise, he was in all of the hot names. He even knew about the accounting irregularities of select Chinese stocks.
As I walked out of that disgusting store, I felt a sense of pride. After all, if homeless men are making money in the market, well then, even an idiot can do it. If an idiot can do it, which is synonymous with being homeless, then this economy is about to rip to the upside. Do you like how I just take giant illogical leaps, based upon specious anecdotal evidence? That’s what I do, pal. Live with it.
Lo and behold, today’s jobless claims were MUCH BETTER THAN EXPECTED this morning. Looky here, I could have predicted “suchness,” using my homeless man with common stock portfolio thesis.
Looking over my portfolio, I see PH and MOTR are trading down in pre-market trading. For some oddball reason, asshats are selling MOTR, based upon the FFIV news. Idiots, you are selling apples because the donuts are stale. MOTR is a buy. And PH reported MUCH BETTER THAN EXPECTED earnings this morning. And, they guided up for 2011. Look for the company to earn close to $6.00 per share in 2011. Motherfucker, PH is cheap. It’s a buy too.
The bottom line: prepare to be squeezed out of your shorts by homeless guys on margin, who view the market from lawn chairs.
As for me, I will be taking it easy today, just sort of waiting around for something cool to happen.
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Haircuts abound
Bout to be a major commodities correction…every time i get back out of drawdown, i get smacked down again. getting kinda ridicurous.
Fly,
Did you see Gelfond on CNBC yesterday? Signaling strong 2011 without buyout….
CIG
Did he have a nice haircut? Send him over and I will give him what we now call the Fly Special Cut.
Yeah, someone’s gonna have to explain the correlation between FFIV and MOTR.
The Correlation is with QQQQ. Or better yet, QID.
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The correlation is the “investor” base…or I should say, trading base…its the same hair-trigger traders that wouldn’t know 10k from a 401k…fundys don’t matter to them.
also, can someone explain to me why FFIV’s earnings were that bad?
nobody’s buying their shit
MS got fucked though
100 DOW pts drop min. A lot of Fly followers are going to be hit with margin calls by Friday. Making money through stocks isnt an easy task.
not just any idiot,but an idiot at drunken doh-nuts.sometimes,good to be idiot
Ummm….Fly
You took things the wrong way. When homeless people are buying stocks it’s time to sell!
The most famous trade in the world was when the Kennedy family sold stocks in the ’30’s after hearing about stocks from a shoe shiner.
It’s time to sell my friend.
WRONG AGAIN
That tale is apocryphal. The Kennedy family made it’s dough on illegal whiskey.
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The bottom line: prepare to be squeezed out of your shorts by homeless guys on margin, who view the market from lawn chairs.”
One of the best quotes ever!
Homeless guys have low overhead and expenses. Their gross margin rocks!
Paradox: Jobs got sick, markets dropped. Jobs improved, we’re down anyway.
I know, it’s only unwashed who call themselves in 3rd person, but, WTF!??
Google “Discounted cash flow.”
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Time to rub some VXX on your chest?
I believe TEPPER will be the catalyst for further downside when on CNBC friday as he is “cautiously optimistic”…cheers all
My feeling too. Also, I wonder if the homeless guy was homeless because he was buying and flipping homes in 2007? Normal People in the market playing risk stocks…fun combo.
If you met me in a Dunkin Donuts you’d think I was homeless, ‘cept I smell good and would be chomping a nice cigar.
Anybody up for AGNC or CIM ?
Monsieur Fly, that wasn’t a homeless, it was either Fitty or Chapelle. They got a couple mil.
Here’s a sample of how they made it :
http://www.youtube.com/watch?v=4PlYJlCk-7A