This market is so fucking stupid; we’ll likely melt up on American default news. People will say “oh, it’s baked in and now QE3 is all but a foregone conclusion,” then proceed to leverage up on silver stocks. You can’t call yourself a serious man and be short this market. It’s either you are a fucking clown and short, or not giving a fuck about life in general, long on the most horrendous news ever.
You know where I stand.
On the eyes of the Gods, I shall see GORO, GSVC, ANR, VCLK, GSS and CRZO higher. I will play this rally like a harpoon plays weak ass fish.
For the weekend, Mrs. Fly has arranged for more hotel living. I will be venturing out into the heart of PA, in order to make great fun of their way of living. They all drive beaten down Fords and live life, as was intended in the 19th century style. I will teach them what they need to be taught, AND MORE.
To clarify my position on GSVC: it is rather large and I intend to buy more. I feel the stock can go to $24 near term and multiples higher longer term, providing they maintain shrewd investment practices. The wonderful thing about the stock market is the amount of opportunities available on any given day. If you are down in your investments, do not beat yourself up about it. Look at things pragmatically and make wise decisions, instead of emotional ones. I never try to hit home runs; I just fucking hit them.
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These days, even cash looks risky if you are a long term investor.
Long term, it is the riskiest asset… Other than your own abilities and beauty.
Indeud. Have a good trip.
Try to fit in some culture, ie http://www.rrmuseumpa.org/
Are you finished playing with WNR?
Still long residual shares. Mostly out
PA? Camp visiting day?
What does Jake Gint think we should do with the debt ceiling? Very curious.
Cut $2.4 trillion and raise the debt ceiling by that much.
Same bill, pass it on to the Senate and Obes.
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Good to hear you are not willing to destroy our AAA credit rating to make a point.
Michelle Bachmann said missing the deadline is no big deal…
http://www.washingtonpost.com/opinions/call-his-bluff/2011/07/14/gIQAfzFyEI_story.html?hpid=z4
Valid points from Mr. Krauthammer.
Nothing is going to destroy our AAA credit rating. The markets know we have the money, and are just arguing over its disposition. The real problem will come if we do not repair the current structure, which really WILL destroy our credit rating.
Stop reading the Chicken Little sites.
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NEW YORK (Reuters) – Standard & Poor’s on Friday raised the pressure on Washington debt negotiators, saying it could downgrade insurers, securities clearinghouses, mortgage agencies and a laundry list of other firms if there is not a deal soon to lift the debt ceiling and cut the deficit.
Is this the type of chicken little sites you are referring to?
The debt ceiling is not the cause of the problem anymore than the ceiling in my kitchen would be the problem if my kid was throwing a baseball up and putting holes in it. The DEBT is the cause of the problem. If you are fat then raising the number of cookies your diet allows each day will not fix your problem. The interest on the debt is greater than the budgets of several federal departments combined. We have to greatly (not slightly) reduce the amount of fed spending. Every year that we just kick the problem further down the road instead of dealing with it just makes the problem bigger.
What if they are low fat cookies?
That’s eggsactly the type of bullshit, politically driven posturing I’m talking about.
S&P and Moody’s, apres 2008 — PAH!
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Your credit card is maxed out. Increase your debt or we will be concerned that you can’t pay off all that you already owe.
The world’s lack of sense no longer surprises me.
She’s right.
clne + 11.25% lng+7
since 7/12/2011 nat gas will rule, imho
Aha! I have not left for Maine yet … much to your blundering Mole-Servant/Henchman’s chagrin!
Shrimp cocktail?
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What is up with you an Dutch Pa, by the way?
Are you secretly longing for an Amish lifestyle?
Just so you know — they frown on iPhone’s and Lexuses tricked out w. spinners.
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Just don’t drag against this buggy:
http://www.ridelust.com/wp-content/uploads/KurtSystems2.jpg
Is that what Fly is using for transportation in PA?
That’s sweet.
btw– Love that av maybe even more than The Artist’s.
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I’d guess Gettysburg or Hershey. Maybe Dorney Park. I think he went to Hershey last year or the year prior.
Yes I believe he took the squirts to Hershey last year.
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Great Sunday Brunches on the property. Flower gardens to walk off the champagne. PA is more relaxing. NY is confrontational, NY here I come this week!
Fly, do you have a price target for GSS?
Nice to see that BAC has dropped below $10, as it should. Been short BAC since it was at $17. will close out my position soon
Yeah, but you’ve also said AAPL is not a $200 stock.
Shaddup, shuttinup.
Yep was wrong on that one for sure. but I’m still in the game and I never played AAPL, never
Good on ya TMoe. Good luck!
Fuck that. I’ve been in apple since $54, never sold a share. If you’ve never had the balls to be in aapl, one way or the other, then shut the fuck up. Pretty easy to to pontificate if you’re a pussy. Looking at you TMoe.
why, you’ll just leave coin on the table
gonna teach the amish how to breakdance while they load his triple dresser in the buggy.
Weekend trips to the heart of PA – spoken like a true New Yorker. Enjoy the slate mines, Yeungling brew and Nittany Lion reruns, and the 100 degree heat – I’m not sure they realize the rest of the world has air conditioning – I know the rundown Fords always have the windows down as they are cruising 55 on Rt 78.
Too high brow to go spend the weekend at Jones Beach? – assuming you could see the sand under the 5MM people that will be there this weekend.
Have fun.
Maybe he fears sharks?
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For PA I prefer the Poconos personally. Grew up in Massapequa and Jones beach is a nightmare. Parents comming upstate for the weekend and plan on pitching the idea of them moving up here. Lake George, Saratoga Race Track (not currently open yet), and cheaper taxes are my bargaining chips.
if we put the goverment in charge of the sahara desert, they would be out of sand in 5 yrs,,,
Outta $MAT and $HAL. Maybe $HAL will spike too on Monday, but some indicators called this into question, took chips off table. Any other earnings ideas for next week?
Kind of a big one called $AAPL.
Lol – never heard of them
im expecting the market to rip higher “upon” both sides finaly agreeing about the debt ceiling
too much of a sideshow apocalypse fest to not see a releife rally come into play once its all over..
worst comes to worst and ratings agency downgrades the us and or aug 2 passes with no deal..i see a pull back until helicopter ben goes super saiyan and floods the world… yes i said it.
floods the world with usd money. (bloody hell though house prices in singapore will increase again)
I think the deal is already priced in.
Long ago.
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We don’t need no steenkin’ “deal”. We need a clean increase of $3 trillion in the
debt ceiling, with no “spending cuts” or “revenue enhancements” tied in.
A one sentence bill: “Effective July 31 2011, the Debt Ceiling shall be $17.5 Trillion Dollars.”
Passed by VOICE VOTE in both chambers.
Shaddap, hippie.
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Unloaded my WNR way too soon and blew a huge load!
I unloaded my WNR way too soon as well. I got it when Fly first talked about it months ago. It then plummeted and scared me out. I considered buying back in a few weeks ago, but chose a different stock. BIG mistake. Oh well.
I like his latest pick GSVC though. It looks like something that could run up in nearly a straight line for months to years. A great concept, and no doubt one that will be repeated, but never matched. It is similar to what CMGI was during the internet boom.
Holy scheiss, I think we may need to change your name to “Kiss o’ Death.”
“KOD”
++++++++++++++++++++++
Stated perfectly, La Mosca.
Told you we would be going sideways this week. Monday will start out weak since this last 3 hours of meltup looks so stupidly like it is going up (i.e. fuck the idiots who get too excited).
Buy later in the weak. Get it? Week? Weak? This will be the last chance for bullish dumbtards to get out after this next cycle. Dont be a fucking dumbass either. The market is watching you dipshits.
http://www.dailyfx.com/forex/video/daily_news_report/2011/07/16/The_Most_Fundamentally_Loaded_Pair_Next_Week.html?utm_source=twitterfeed&utm_medium=twitter Trading Nymph…this is for you…I consider him one of the best forex fundamental traders out there…In case your interested…I am an ichimoku trader, but without fundies..all you’ll get is a technical breakout…you need the fundamental push to keep the trend going…have a good weekend…later…
Well it’s been a while since I wrote, the last being that the tech dept dropped the ball and I couldn’t see the blog replys. Techs say delete app and reinstall. Nada!
Months later, still no solve.
What’s up guys?
We have a new app. Go to app store and search and you will see.
It is awesome.
It is great. Thanks for having a new one built.
New app. Very nice. Well done.
the weather channel says its raining here, but its not. guess its like congress
GSVC the next FTK?