You have no idea how hard it was to do nothing today. I spent a few hours watching the old classic “State of Grace”, starring Jakegint’s favorite actor– Sean Penn. After that, I believe I fell asleep. But I am not sure. The end result is a wasted day, as stocks reversed course and impaled shorts to the fucking wall. Two former large positions of mine, EXK and CTRP, both screamed higher. Yet, I remained calm, in the face of undeniable tomfoolery and accomplished nothing.
Bravo (golf clap).
This much is certain: I am buying more DMND tomorrow. That fucker has $21-23 written all over it. Also, LCC is my favorite non-position, which is at the top of the watch list too.
Bottom line: TLT blasted higher and no one gave a shit. The junior traders running the turrets must’ve been busy eating doritos or some shit because stocks closed the session looking good, save YELP of course.
36 Responses to That Was Hard
Bought a little FB this AM (to hold for a few days) as I figure it’s a Cramer bottom (and I am up).
By the way nobody does a golf clap anymore- they yell GO IN THE HOLE or MASHED POTATOES or YOU’RE THE MAN.
I can’t stand the GET IN THE HOLE thing. Especially teeing off on a par 5. It’s gotta stop. It’s so not clever.
Usually it’s a bunch of drunk loosers (sic).
I can’t stand it either.
And I can’t watch women’s tennis anymore. All of that grunting.
Being an avid golfer, having walked PGA tournies throughout my days, I won’t be politically incorrect on “who” was a catalyst for the “socialized”, unrestrained outbursts noted in golf courses here.
This fact may be of relevant:
“Tiger Woods spent $4 million a year on prostitutes, enough to provide 1 million women with basic reproductive healthcare.”
How is that relevant and to whom? The one million women?
You are either:
a) feigning honesty;
b) ignorant, or
I’ll let you think on that.
Hi are either:
A) a fascist
B) a socialist
C) a communist
Chew on that for a bit
Congratulations on passing your Sociology Studies 101 course.
Out of respect for Fly, I will refrain from carrying on this idiotic discussion in his living room.
I will leave you with this saying from one of America’s great patriots.
“We will fight to the death and never surrender our principals. Even in death, you are a douche.”
@TraderCaddy Are you down for golf/fishing in Tampa fall of 2013? Email me@ [email protected] if you are.
This goes for any trader who frequents iBC often and would like to meet up for some good times/stories/ and of course drinks/cigars.
I’m all about ichimoku clouds
Best Buy, destined to be bankrupt in a couple of years, can’t even hire an American CEO to make an outrageous salary.
This fucker gets over $6 million even if he can’t get a visa to work here.
Today was hard on my fucking book!
TLT doin the “hundred yard dash” today yet the SPY yawns. Not everybody can win.
VXX closed green. Brent at that 115 resistance..IMHO still a Oil Rally doing all of this.
And for FOMC minutes, I didn’t get the giddy feeling that the Press did in the 10 pages of minutes. Plus, I don’t think Lockhart who is a swing voter is that giddy either, from a Speech a day or so ago “I think this condition can be attributed, at least in part, to fundamental imbalances that have not yet been corrected, a situation that presents formidable challenges for monetary policymakers. There is a risk to monetary policy being employed too aggressively and without effect to address economic problems that can be resolved only by fiscal reforms that involve making tough choices about the allocation of public resources. Monetary policy can exert a powerful positive influence on an economy, but as Chairman Bernanke has pointed out, monetary policy is not a panacea”
The junior trades should of been selling?
Looks like TLT may trade up in August after all, as per mathematical harmonies.
Gold, silver and uranium stocks all did well today.
AAPL to heaven and more!
Timestamped here when Le Fly called it on twitter.
I went to Trader Joe’s yesterday, no walnuts at all on the shelves. Not sure what’s up.
i had a great day!
Speaking of megalomaniac Sean Penn, his girl friend / “acquaintance” was giving BRA hard core side eye on Santa Monica’s Promenade earlier this year.
He’s one maniacal looking individual in person.
I am not a fan of Sean Penn as an actor, but I do count State of Grace in my top ten movie list.
Gotta love that St. Paddy’s Day Parade climactic scene.
VGPMX is my nemesis….i will wear this albatross until the end of time apparently.
LCC looks great. But ideally it will come back a c*** hair before continuing it’s ascent higher.
State of Grace was Oldman’s best performance.
I like this new format now that I am adjusting to the colors. It addresses some key issues present in the most recent design.
I think you could benefit from a small, more compact “Recent Posts” module above the fold (possibly in Chess n Wine’s) spot. Not that he’s not great, but i think a compact version of that module up high would seal the deal.
Robin Wright (Penn) with dark hair sizzled in that film – but her fake new york accent was atrocious.
My compliments for Woodshedder’s “High Tight Flags” section…… It has been very helpful and I always look forward to the next edition. It’s a great resource and a nice place to start a “watchlist” for the next week….. He really nailed CPRX …
They usually telegraph somewhat before meetings. Don’t think Lockhart was suggesting large qe coming. Don’t think Jhole announces one.
Apple and oil, Apple and oil rally. Question is it rhetoric again or this time is it real. Israel, Iran. And does Apple hit, or miss again, next time.
Asia rallying on weak PMI. Euro rallying on Draghi talk. And US $16t debt mark on its way. Good times. 2012