Pardon last weeks lapse in testicular fortitude, when I complained about my losses and how thesis trading was old hat. As a point in fact, my thesis is working rather nicely these days, as I close out another +4% day. My gains, mind you, are so mind boggling, so stupendous, Mrs. Fly has taken it upon herself to gut my entire house, just for pure novelty.
Silver and crude are bananas to the upside. Refinery related stocks have broken the fuck out and are now shitting on the bears who sell them.
Ladies and gentlemen: you held your positions, during great distress, for days like this.
During the day, I kicked out VCLK and started new positions in both CLH and TER.
On a separate note, my WNR is bigger than yours.
NOTE: The PPT nailed the OVERBOUGHT call on ZSL, yet again. Make that 11 out of 12.
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$EXK is full of WIN today.
Winship !!!!
I am heading for my second consecutive +4% day too.
I just bought a bunch of puts to hedge a lot of my positions…fuck it, after 8% in two days i can afford the insurance.
Rich as fuck again, boom.
Weren’t you “all in above $18”?
You have the wrong guy Marv.
fly i’m glad your wnr recovered…. i was beginning to think i was going to have come over and put your house on the market. lol
“WNR on margin” must be impressive!
Fuck all this polytheism regarding The Stock Gods. There is one almighty master capable of increasing equities with peace and prosperity amongst the wretched and wicked short sellers.
His name shall be chanted every hour during every business day from 9AM to 4PM eastern motherfucking standard time, aka time, aka bst (Bernanke Standard Time). Bernanke is our God and we shall endeavor forthwith equipped with our full faith and brokerage accounts for we must respect his hairline, electronic crediting touch, and holy rhetoric. Hark! His majestic finger can instantly heal any insolvent business! Behold! His Federal Reserve angels can employ the masses. FEAR NOT NON-BELIEVERS!
Do you heathens even know that our God’s middle name is Shalom? IT MEANS FUCKING PEACE. Repent now on this knowledge I just dropped upon your incinerating souls.
but does he have a big wnr for a flotation device just in case everybody finds out he cant walk on water.lol
God doesn’t float. He’s fixed, at 0.00%.
The Clam is Evil….
Maybe so. I thought the subject here was the bearded clam which is the ecstasy of Heaven without the long pure trip.
(laughter) that’s excellent, Hmmm.
You should start his church in the peanut gallery. See how quickly you can gather a mock/cult following.
signified
Lol thanks. Our church of prayer is the futures market. Remember to give thanks and pray before you go to bed.
i just had deja vu. is that a repost?
No, I just thought of it. A blessing from God.
In Bernanke’s church, holding WNR is fully accepted.
I was honestly considering that I might act as your lieutenant and pass the offering hat around somewhere in line 4… . As you might imagine, you would need to eventually, and rightfully, impugn me after absconding with said alms to local pub (again). Nice sermon Heilige.
back to even on my wnr, with a big boner for another rise……
you are forgiven for temporary fagness last week… GL
“Cramer: Don’t Touch BanksNEW YORK (TheStreet) — Jim Cramer says the banking business is not good”
FAZ has received the “Cramer Kiss of death”
Of course he hates banks down here. But, he will love them long, when the XLF is 5% higher. In my view , GS and MS look good for bounces. But, BAC looks set to move fastest.
2 years ago he was telling people to buy C, cause it would go to twelve bucks…. see how that worked
It is over $12 now. Thanks to a 1:10 Reverse split. LOL
Cramer Wins Again!
I really dislike the Mutual Fund Monday of buy, buy, buy.
sir fly, anythoughts on gmxr?
gmxr is good
Congrats my man! I didn’t have the balls to join the silver trade. But my wnr is still long.
The bearded clam cannot be happy with oil today.
Enjoy QE2 for the next 6 weeks because it’s toast along with the economy if oil continues on this path.
no way,there gonna throw a war party,pick any back yard,then send in the marines.
My belief as well…They love high oil! My target is $150 – $200 and then they will tap into the Alaska mother load.In the meantime,they gotta keep things squirrely in the middle east.
Why is it so hard for you pikers to spell “loser”?
Looser = your mom
Loser = fucking morons who can’t spell “loser”
dont be so hard on his mom. even she knew you cant fix stupid.
MOTR undervalued, fly are you creating a long-term position on this?
motr is a dog with fleas…
Im starting to reconsider bottom fishing attempts in BAC and GS.
AIG looks much better down here. Just a little stabilization in ITB and XHB , and AIG could retrace 30% of this drop.
Extreme levels of volume divergence on most of this big crash. It wouldn’t take much buying volume to cause a brisk short squeeze.
Thank you for becoming a born again thesis buyer. Technical trading is a losers game, no one can win against an applcation running on a Cray super computer programmed by mathematicians. Folks who trade using points on a 20 sma on charts are destined to get blown away by a series of 0101010101’s presented in a logical format. There was a time when men would read the paper at the breakfast table and look at how their stocks did the day before. They believed in a company and bought accordingly. It worked then and it works now as investment bankers do what they do best, screw the man behind the mouse that just graduated from Day Trader’s Boot Camp…
I still like 99.9 % of your other posts. Unique and abstract casuistry in fundamentals. I’m always game to shoot the breeze at an LV buffet Co. Any to and fro rounds on me.
I went to a trading workshop in the Seattle area once where I met a bunch of guys who were graduates of an extremely expensive day trading school in the area. They proudly introduced me to the guy who was the most successful of them all.
“How much money did you make?” I asked him.
His reply was “I broke even.”
Frog, so long as you’re not broke, I take no offense to your mockery. Bon Chance.
I checked out the school. They didn’t know what they were doing. That’s not CTA-certified technical analysis.
Outdated T/A is the opiate of the retail trader. The Quants at GS have the real T/A.
Banks played the loan loss reserve game last QTR big time, yet mortgage losses are getting worse. Most of it is at FNM/FRE which is the taxpayer but not a good trend for a reversal in financials.
Microsoft near over-$7-billion deal for Skype: WSJ
crack spread at 32+ now….. how high can it go .. great great great
First!
The more I look over some of my favourite charts tonight, the more I cannot help but exclaim, in mock horreur, Oh, You Lucky Dawgs!
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That is strange, Both China and Australia had historical numbers on their trade data, led by coal and oil prices, yet that good news couldn’t move their markets much at all…..
OK this cheers me up, the China Copper import numbers were beyond sucky http://www.indiainfoline.com/Markets/News/China-Copper-Imports-Data-Can-Deject-Markets-Going-Forward/3694308310
Iron Ore Sucked too http://www.bloomberg.com/news/2011-05-10/china-s-april-iron-ore-imports-drop-11-on-rising-prices-1-.html
Thx for those nymph!
No Problem. Hong Kong is on holdiay tonight. Shanghai Futures are fading with Copper red, (actually green, green means down over there). Not sure if anyone on Wallstreet will notice the data…Most will probly be saying “Buy Commodities, China needs them”..
Copper came back with a push up into the close. CHina CPI gossip is tomorrow will be 5.1, lower then 5.4, could explain the movement into the close…gossipy little girls.
China this, China that,…..all they are doing is getting out of the US dollar by converting their holdings into tangible assets and commodities. Once they have rotated out of the greenback enough to feel safe, they will quit buying stuff. All kinds of stuff. Commodities will fizzle with the exception of food if we continue to see crop failures around the ag regions of the planet.
Well, they aren’t buying copper at this point as a devestment. They still have a huge Dollar allocation, it would be nice if USA would be a better place to invest in.
oil…margin req http://search.yahoo.com/r/_ylt=A0oG7nCNDMlNd0AAcJVXNyoA;_ylu=X3oDMTE1M3BxbWRoBHNlYwNzcgRwb3MDMQRjb2xvA2FjMgR2dGlkA1JDRjAwOF8yMDk-/SIG=140sqjrqq/EXP=1305043181/**http%3a//www.marketwatch.com/story/cme-hikes-oil-gasoline-margin-requirements-2011-05-09%3flink=MW_latest_news
does this indicate the crack spread to go higher?
LOL . Taubman on Squawk tawkin about Mrs. Fly’s favourite Mawl.
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crack $32.95……WNR getting chubby!!
Arcade Fire — ultra-white music for the masses of media-spoonfed Obama humpers.