“Le Fly” just returned from a high speed moped adventure, accompanied by two baguettes. Skillfully, “Le Fly” took large bites out of one such said baguette, while simultaneously injuring people on the sidewalk nearby with the other loaf, via “bread slaps.” On occasion, “Le Fly” opens a bottle of Bordeaux, then pours the contents into a petit palais wine glass, all the while steering his little moped down narrow alleyways, for egregious and reckless consumption. Much to his chagrin, there are many “fat Americans” with stupid mustaches in NYC. This clouds his judgment and forces him to make rash decisions, such as throwing cheese at undercover police officers, running “the stupid red lights” (french accent accentuated) in Times Square or speeding through wooden police barriers.
As for the markets:
The little back and forth action is BULLISH for stocks. It means, lucky fuckers who were long yesterday are holding firm, like a week old baguette in an umbrella basket. In my opinion, it’s only a matter of time before the shorts get deposited into pine boxes. Keep a close eye on [[ERX]] or [[DUG]] . Should the market proceed higher, it will be led by the oil and gas space.
With my money, I might nibble at a little more ADTRAN, Inc. [[ADTN]] , Abercrombie & Fitch Co. [[ANF]] and STMicroelectronics N.V. (ADR) [[STM]] , providing they pull back a little. Also, I really like the action in [[UNG]] , but will refrain from buying more, until the hurricane season is upon us.
Finally, I am emphatic about Corning Incorporated [[GLW]] , OmniVision Technologies, Inc. [[OVTI]] , salesforce.com, inc. [[CRM]] and Ciena Corporation [[CIEN]] trading higher, all open positions from the man known best known by his French followers as “Le Fly.”
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