I am losing some money today, but nothing to lament over. Losses are part of this business. If you can’t take 2% down days, then you’re in the wrong business.
I’ve got my eyes fixed on EXK, as it plunges to lower levels. Apparently, silver and gold isn’t so cool after all and Peter Schiff is bardus.
My new position in MOS is holding up. I like it for July seasonality. The stats are compelling and the fundies in ag are getting better. YELP, NXPI, CPST and ALK make up the majority of my long positions. I have others, all listed inside of The PPT. But, make no mistake, my fate depends on the supply/demand metrics of the above stocks.
What are you doing? Are you buying this dip?
I only bought a little yesterday because it makes no sense to trade ahead of a euro-summit. They are impotent men (no viagra), unable to convince Queen Merkel to cease destroying the continent of europe. Let’s not hold punches here, Germany is committing war, of the financial sort, on its neighbors.
Starting right now, I’ve decided to cease all bannings on iBC. We’ve banned over 1,000 readers since inception, for the sole purpose of discarding undesirables. However, I feel like a fight. Try your worst and I’ll be sure to humiliate you in short order.
http://www.youtube.com/watch?v=5Sn6u5YPfZA
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FIG! (Fly is Generous!)
Eurocrats 19th try is the charm. What could go wrong? Holding short expecting the shit to hit the fan.
LOL, 19th try, pretty good one.
“And let that be a lesson to you all. Nobody beats Vitas Gerulaitis 17 times in a row.”
– after beating Jimmy Connors at the January 1979 Masters. Gerulaitis had lost their previous 16 matches.
Well, you could be holding long a bunch of high-beta biotech stuff expecting them to be relatively unaffected by macro concerns…
…until everyone else discovers some positions they have yet to liquidate. (Ow!)
PLEASE my comment is waiting generosity .
Fly, at what price do you anticipate buying more EXK? You were looking for 7’s and you got it!
I see MOS as the better add;
Look at that strength today.
I totally understand Germany’s position. How can they be backing Europe’s debt as France is increasing entitlements? That’s not to say they’re not causing the next two generations to live in poverty…
Merkle will relent after she has the Vatican securitized and the Great White Horses of Spain in her barn.
I’m all about NVDA and GLW right now.
what would happen if Germany left the euro? You know Angie just wants to say FUCK IT! I’m out!
Good question. Most countries could leave the Euro, if their politicians really thought about whether their interests are aligned with those of the other members. They’re not. They’re running their economies in incompatible ways.
I can understand why they have not yet saved the Euro. What I can not understand is why the Euro zone has not broken apart yet. Perhaps it holds together out of fear of bank runs and fear of bankruptcies of banks and governments, once they give up and admit that they can not save each other. There sure seem to be too few countries able to save others, and too many countries needing to be saved.
Don’t be Insolent, the one who calls himself Fly!
Let’s get one little thing straight: Only Him who is Me is Generous, OK?
And My bannings will go on and on and on – out of sheer generosity of course.
So for a limited time, you are not banning people?
ERF catching a bid
no banning…can we talk about shorting YELP with both hands???
It’s like a day where you drop the dress code at ‘Le Tess’ & then invite an ‘RV’ park in PA to come in with ‘casual day’… Prepare for a mess.
or Bushwood Country club on caddie day
FLY, FLY, FLY…I saw this clip on Talk Soup, Fox News Shepard Smith just started talking about True Blood to a bunch of guys who never even heard of the show,lol..the actual clip vid is on the bottom of this page. http://www.mediaite.com/tv/shep-smith-gets-bored-with-story-spends-rest-of-segment-randomly-talking-about-true-blood/
THat clip is so lol, for Market today we are waiting for EU, which gossip is that they argueing over stupid Patent Offices. For Italy/Spain bond buying..Germany doesn’t want it out of ESM money, just EFSF funds it appears. Greek may get a new deal with IMF next week when they meet. WTI Oil is below key 80.33ish and could be falling to 73ish fast when Iran Oil Embargo start July 1 or talks on July 3 give us something??
Fly, do you no longer post your buys/sells, or is that something only PPT members are notified of? I’m referring to your MOS purchase. Also, would you recommend FCX, CLF here, or lower?
I’m not seeing anything close to a “BANNED” post, as a matter of fact they are quite milquetoast. Including this one.
This market is trading so gay, even Fly’s money is covered in Astroglide.
Bardus. Nice. That describes Schiff perfectly.
Fear not, The Italians are humiliating Germany even as we speak.
Fly, what in particular do you see in EXK? The fundamentals are decent, but aren’t there better plays in the silver arena?
Thx
You said you were no longer going to ban people before. Then you proceeded to ban people after a short hiatus.
For some reason I expect the same thing to happen this time.
And where is Devil the Dog? Is he allowed back too?
I feel quite certain that in real life, you are balding.
Though, if true, I’d love you just the same.
Tradebots kicking in high gear!! Positive close on the way
Well, I was going to tell you this anyway, but your ban ban makes this the perfect opportunity:
Drake gargles balls. He’s the Liberace of his generation. He doesn’t even have the talent to be unintentionally funny, like cannabis-inflated Thanksgiving Day Parade balloon Rick Ross.
Otherwise, no complaints, just concern about the continued absence of Mr. Gint. I imagine that he took the family for a summer road trip and is having trouble getting home, owing to the fact that he refuses to turn left under any circumstances.
Please send him my regards. I’m sure he agrees with me about drake.
and yes, i bought a tiny bit on the dip and made up a few lost bucks a few weeks ago, veddy nice.
You’re the KING…..actually, you’re so FLY…