“Analysts don’t like it, I do. The break up value is higher.”– Some fucktard who ended up ratting on a Wall Street legend
This was circulating inside of the hallowed halls of The PPT yesterday and I posted it on Twitter this morning.
When I said The PPT, soon to be called Exodus, was a sublime harmony of mathematical precision (SHOMP), I was not fucking with you.
This is a strong tape, but not a runaway varietal. Breadth is okay, nothing great. Big earnings breakouts, coupled with a steady and consistent uptick in prices has resulted in many, many bears being boiled alive, ever so slowly.
I do not want to fade this rally. And, moreover, I shall NOT go away in May.
The good folks at iBC beseech you to see this thing through. We are on the verge of a great melt up, which should cause a terrible cacophony in the camps of those waiting for lower prices. The longer you wait, the more expensive your watch list gets.
Grab your balls and get in.
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cacophony
noun, plural cacophonies.
1.
harsh discordance of sound; dissonance:
a cacophony of hoots, cackles, and wails.
didn’t know you used charts
The SOX divergence is a little weird, but damn son if that catches back up, NQ will go even more apeshit.
FLY, what do you think of YELP into earnings?
I own a little yelp. If they can show us earnings, the stock is $70, if more losses then $50
~50 is where it is at now. are you telling me there is only upside?
I meant 40
While you are sitting watching your stocks go up, here’s an interesting article to read, about the CFTC waiting 5 years, and then “solving” the 2010 Flash Crash by bringing a case against Some guy living with his parents next to the airport in London. A quote:
“But it’s unfair to dwell too long on the regulators. Financial regulators, like editorial writers, are at best the markets’ last line of defense; they are less inclined to join any battle than they are to wander in afterward and shoot the wounded.”
http://www.bloombergview.com/articles/2015-04-24/michael-lewis-has-questions-about-flash-crash
Naz going up .8% daily is very healthy. Very very.
Wasn’t a problem in 2000 at this level. Was it.