I want 40-50 points per day. I also want YELP to skyrocket, not for my own advancement, but to solidify steep losses in the accounts of those who sell it short.
Volume was light; but who gives a shit? The way I see it, the market is good until mid-May. I will make sure to be out of stocks by the end of April. So, in many regards, this is it! I need to take my +19% and segue it into a +30% by May. The way I figure, I can eek out another 2-3% from May through September, then drive rail spikes through the heads of my enemies from October to New Year’s eve.
I intend to make at least 50% this year. If I fail to do so, on the eyes of Woodshedder, I will resign from Blogfather at iBankCoin and live out the remainder of my life in the green and rocky hills of Romania, tending to goats and drinking un-pasteurized milk and shit.
http://www.youtube.com/watch?v=j7VD5UpAXPo
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Romania is a beautiful country
Unpasteurized milk and shit…. yeah. Get it pasteurized to kill the e-coli.
@Fly, do you have a target in mind for $YELP by the end of the year? Thx
Chuck Bennet will tell you.
Calling Chuck Bennet! Your presence is granted here.
he said he thought it would hit $40 sometime this year
RGR up 4% again – it will only quit melting up when 0 is shown the door…
And the pink slime folks file chapter 13. Feel sorry for the folks losing their jobs but not for the meat they produced.
http://www.afafoods.com/index.asp
Note the word “blended”.
“Miller Quality Meats™ provides great-tasting, quality beef blended products that your whole family will enjoy”.
SWHC up about 9%. 0bama is the best thing that ever happened to firearm manufacturers.
People are (A.) scared and (B.) Pissed off. Good combo for guns n ammo.
Time to lock and load in MoTown is just about here.
yea
” I also want YELP to skyrocket, not for my own advancement, but to solidify steep losses in the accounts of those who sell it short.”
You’re always so courteous by thinking of others instead of yourself.
thank you.
OEW Daily Recap:
“The market opened relatively flat today, pulled back a bit, and then rallied to new uptrend highs. The DOW, which had been lagging, also hit a new uptrend high. All clear? Not so fast. There is a fairly symmetrical wedge shaped pattern being displayed on the 10min SPX chart. The rally from the Int. wave iv low at SPX 1340 topped at 1414. Then the market had a 27 point pullback to SPX 1387. Another rally followed to SPX 1419, exactly 5 points above the previous high. Then another 27 point pullback to SPX 1392 followed that. Naturally this was 5 points above the previous low. Notice this wave movement: 1414-1387-1419-1392, is potentially forming an Int. fifth wave diagonal triangle. Today’s rally to SPX 1422 is just 2 points shy of completing this symmetrical pattern. With the SPX again running into that overhead trendline, (hourly chart), and an extremely overbought condition – with a negative divergence, we remain a bit cautious here.
Short term support is now at SPX 1419, 1414 and then the OEW 1386 pivot. Overhead resistance is in the mid-1420?s, then the OEW 1440 pivot. Short term momentum is displaying a negative divergence on every timeframe up to, and including, the weekly charts. If the SPX can break through the overhead resistance into the 1430s then this negative pattern will be broken. If the SPX starts to pullback from here, and breaks below the 1400s, then the pattern may have completed along with the uptrend. The next few days should determine if this uptrend continues into May, or concludes in April.”
Who’s in the avatar this time?
Cicero?
______
The Wild Bull of Pampas … An Argentine Boxer best known for cornering Jack Dempsey against the ropes and hitting him with a flurry of combinations that sent him flying out of the ring.
Make note of his proper attire … A robe and sandals (though the sandals were cut off in this avatar).
The rally continues until about April 24. But not because of any chart. That will be the tail end of 2011 IRA contributions.
YELP, to 100.00
regards
chuck
Call it the OPENTABLE roll.
Blog entry favorited. I plan on returning to this at the end of the year when he doesn’t get a 50% return… Oh wait, there won’t be an end to the year, it’s all over December 21. Fly wins again!
You know there’s oil in those Romanian hills, you’ll probably make a fortune
Haha, sounds like you kind of want to do it anyways
that’s a pretty lofty “let’s play catchup” goal especially since you missed most of the runnup if you did what you claimed. As for go away in May..does that still work for ya? I thought that thinking was in the pre-HFT’s iphone days, when old Blankfein type guys in the market used to park their asses on rented lawn chairs somewhere in overpriced beach digs on Long Island and ran the market more or less to their schedule. don’t trust historic precedents anymore. Market is too freakin weird today…different planet run by different animals.