I am opting out of this market, to an extent, for now. I sold out of some big positions, including APC, PSUN and BZ. I did so, even though I had nice profits in them a short while ago. It’s important to understand yesterday’s profit is gone. You cannot base your decisions based upon the past. That’s like going to the store and offering to buy a can of soda of .65, because that was the price when you were 8.
For now, I kept BORN, OPEN, FORM, FLWS, MAS, ADBE, WFC, TEVA and C. However, the bulk of my energy is building up my WNR position, especially with crack spreads at $25. And, I took a gamble on this PESI. Other than that, I am 30% cash and watching this shit with a bowl of popcorn on my lap, throwing crumbs at the teevee, where all those faggots talk shit.
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Sold $TZA at the open and am joining you with your popcorn.
You shuda BOUGHT it.
$APT may also be worth a gamble here with this disaster
If the friggen Huffington Post sold for $300 Mil, what is IBC Holding Company worth?
The Fly is God.
I’m selling shit too. Fuck ’em if they won’t go up like they are supposed to.
I’m just patiently being decimated, notably in CT and CC (canadian market). Owie!
fly rss feed from your blog posts are not coming through? i’m getting others from ibc though. i need the fly’s view of the market :)! please fix.
Will tell Jeremy.
The refinery space was so overcrowded this morning with overachievers.
The hot names giving back early gains in a flash…or poof
Fly,
What happened to Gio? I noticed he hasn’t posted in awhile and now his blog is gone. I hope everything is okay with him.
he broke his leg surfing.so they had to shoot him. the leg cooked up nice at the lual though
$PESI gonna have great qtrs for the next 10,000 years.
Copper continues to slide, so is the spot iron ore price….stupid bubble. Still it has never retested its 10,000 LME high in Feb when EVERYONE and their dog thought China would restock after their return
Japan will need a lot of copper.
Maybe not so much really. They will be repairing mostly, and it’s the NE corner of Japan, not too heavily populated. A huge tragedy of course, but mostly patching together existing infrastructure rather than constructing new.
Probably true, but I have fun poking at the copper bubble thesis wherever I can. Sorry nymph. Just a compulsion that I find hilarious!
Go4, lol….urgggggg…..lol. That darn Bubble!! As they say, every Bull Market has a Copper Roof, trying to understand the craziness of copper speculation is one amazing lesson even though it drives me crazy, lol.
if nobody else will say it I guess I will
TIMMMMMMMMBERRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRR
Howard Davidowitzon Bloomberg right now. Always entertaining…
http://noir.bloomberg.com/streams/video/LiveBTV200.asxx
I was just watching him too. Totally agree with him. Also, notice Shilling indicated that he thought China was going into a hard landing and he recommends a short on Yen. China’s major trading partner is Japan, why should we all think this is so bullish for China…Japan’s Printing money should make our USD stronger.
Not by much or for long…
Ben B better not even whisper QE3 tomorrow…lol.
What option does he have? Unless the US is ready to cut about 2 trillion out of their spending, it is inevitable. Uncertainty in the world makes QE3 even more certain.
QE by the Japanese kinda amounts to the same thing. Liquidity is fungible.
So what will this do to the Japanese currency and indirectly to US export competitiveness?
Will strenghten the USD if Japan BoJ succeeds. Should weaken our export market. But China IMHO is the bigger story.
Taking a run at DRYS, when it quits glowing, they are gonna need alot of things.
Playing refiners here is clever, but it’s a complex market and a somewhat indirect approach to Japan’s troubles. I like solar better. Got long TSL.
Japan Space Agency buildings essentially destroyed. They are a key ISS supplier. If SpaceX were publically traded already, I would be balls deep today.
Loved you in “Young Frankenstein” Cloris.
________
Today is the day to buy Canadian Uranium juniors. I recommend HAT, FDC and just bought in. They are off 30% because of Japan, but the supply demand for uranium over the next few years has NOT changed.
Dennison Mines is another good one for today.
and supposedly it is estimated that supply will not keep up with demand and will easily see triple digit gains within the next 12 -16 months.source:ibc news
Uranium stocks are in the toilet, but the futures market barely saw a blip. http://www.cmegroup.com/trading/metals/other/uranium.html
Uranium companies today are like a dog at the pound with gold teeth. Go get it!
I would recommend DML (Denison) and PDN (Paladin) for Canadian juniors over Hack-thor (HAT). UNR (Uranium North) is a nice nano capper too.
Thanks, Mars
PWER up over 9%
SOL up over 4%
These stocks have very low P/E mutiples and have been beaten up badly lately!
Maybe a good opportunity!
PWER UP OVER 12%!
PWER UP OVER 13%!
You have been nailing it with the twiiter shit. That’s all I pay attention to. BTW, don’t toss the crumbs, that’s where all the buttery goodness lies.
PWER JUST HIT OVER 14 %!
Wnr #winner