Inverse Momentum Ahead
Every rally was sold last week. This morning we found out that AAPL only sold 5 million iPhones over the weekend. In some panicked, distorted world, that is bad news. As a consequence, shares of AAPL are heading lower. The drama: it-is-too-much-to-bear.
Shares of QCOR are getting knifed in the face. I know biotech is all the rage these days; but I hate them. Fuck biotech with a claw-hammer. Fuck them all.
TLT is going up, euro is lower and commodities are unwinding. In other words, make preparations for lower prices.
ATTENTION BEARS: relish into today’s glory. Marinade yourselves in the blood of your enemies and eat their livers, whenever possible, and discard of their carcasses from the summit of mountain ranges. Allow the goats to run freely, as you plunder and burn, maim and steal, to your black hearts content.
NOTE: The FOXCONN slave factory riots have resulted in the closure of a 2,000 person factory. This is big news and bad for the likes of AAPL, HPQ and DELL. If the riots spread to other factories, China is entirely fucked, as FOXCONN enslaves more than a million laborers.
16 Responses to Inverse Momentum Ahead
I comfortable in the fact, that I will get an email alert when U load up on $SRS (no cramer)
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Fly, will you sell into this (in particular OSG and SVU) or stand firm?
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LMLP ….. That’s tab blogging!!!
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$IPLT and $IPAL have odd volume and price action.
There must be more to the story there.
$UUP and $UDN are also simple presses with the house chips.
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LMLP… 700K … $3.45
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Do you really trade those two double inverses?
I can’t imagine an easier way to lose both arms and legs.
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Just eyeing ‘em Jake. I actually like all these crazy ETF’s and ETN’s.
It makes my life a lot less hectic than timing and monitoring Fx.
Maybe I’ll just watch those double inverses like some salty dog in a strip club(… given that’s your opinion).
USD/MXN has some interesting cues and clues re: silver.
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Volume is extremely important in any tradeable security.
Look to that first.
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I want at least 10% of $VK so I can “Blue Star” the globe on my private plane Fuckerburg style.
Also, LeFly, isn’t it time to admit V.King for tabbed blogger?
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I love the satanic/occult/fantasmagorical connotations of the last paragraph.
The First Amendment is so precious.
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QCOR KNIFED? Old Chicom chartist/ marble roller say, ‘can’t shine shit’.
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I was thinking that today or tomorrow would be a good time to go long again.
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After QE2, SPX sold off 4%.
Profits have not been taken and 1450 holds.
Long term bearish, short term super bullish.
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After QE2 was announced, that should have said.
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$BODY might be a corpse rising from the ashes.
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$LPH announces Haujie Petroleum acquisition will close this month, going from 2 to 3 facilities and increasing storage capacity by 80%.
-SAIC and SEC tax filing reconciliation done a few months back.
-Acquisition of Haujie has been done entirely from LPH profits with ZERO dilution to shareholders.
-PPS will rise to within 10 cents of warrant strike price on closing announcement ($2.25). Warrants represent 12M shares from a 2009 acquisition and expire on October 29 worthless. If PPS goes above $2.25, redemption would only add 10% to 12% dilution.
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