Swisher Sweets are Smoo-o-o-o-ooth.
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I’d walk a mile… for a Camel… (and to buy that last piece of that January [[SPY]] put position– 50 more @ $2.89-2.92.)
Bryl-Creem, a little dab’ll do ya…. (just like a concentrated position in sold calls and targetted puts will “smooth out” the rough spots in a downdraft).
Winston Tastes Good, like a cigarette should… (so do 20 more [[GDX]] March 50 calls sold at $8.00 a pop.)
Rice-a-Roni, the San Francisco Treat… (not unlike [[PTM]] , which has stayed strong — and unsold– while it’s brother PM’s have sweated. That may change tomorrow, as I may take a third off, despite my lack of a full position as of yet.)
N-E-S-T-L-E-S, Nestles make the very best… (chocolate, maybe but not market hedges. I expect we’ll have a bit of a global pullback, so even the traditonal consumer product hedges may be of little use. Note that Brazil took a dive today from [[EWZ]] ‘s tops over $80. A little [[EEV]] may be a choice smoothner her for a week or so.)
The best part of waking up, is Folger’s in your cup… (but maybe not Green Mountain Coffee Roasters Inc. [[GMCR]] if it breaks through this near term support at $60, right here. Next very strong support is $55, which I would consider “back up the truck territory,” on a bounce.)
Best of all, it’s a Cadillac… (but not if you’re a GM shareholder, Ford Motor Company [[F]] is actually looking good here on a pullback to $8.50. I’m sure Mr. Cane Thaler is well pleased)….
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Feel free to add some favourite (sic) advertising slogan-themed picks of your own. I’m off to dinner at a fantastic local restaurant. Ciao.
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Hey Jake “Bear” Gint – Good call yesterday. I kept a close eye and dumped a lot around 3:15 today. What’s your call for tomorrows tape? Just joined PPT yesterday but have been following you guys for a while. You and Henry have helped me a lot. Entertaining as hell, too!
Down again tomorrow. Hop back next week, probably a steady ebb to Christ’s Mass.
No big. Not the end of the world. We are quite due.
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Agreed
I agree, stuck in the box till xmas
How bearish are you Jake…..I remember last time you called this about 60 days ahead of the class—-and then the credit crash. What are you seeing?
Who would want to hire in this environment? Mom and Pops are just grinding by in the new normal.
I don’t want to hire anyone, even though I may need to. How fucked up is that?
I have absolutely no idea how to gauge my firm HC costs next year. None. Thanks, Pelosi/Reid/Obama.
That said, I am not “full on bear” here. Too much liquidity for that yet. But we need a pullback.
And it was NOT 60 days. Geez.
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We’re doing stupid shit like that too but really everybody does it.
Stress out your existing employees till they start walking and then you know it’s time to hire.
I will be one of them leaving early next year although to honest I kind of planned my departure a while ago, this just speeds it up a few months.
Hard to follow your “genius” here Jake. Perhaps you should try communicating without the cloak of riddles.
(Sigh)
Okay, you can have the Don Draper pic.
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GMCR I told fly the other day 55 was a chart target and he threatened to ban me. Glad to hear you also think so.
I did a pretty big Gann chart on the GDX, I’m heavy short for my account size. What’s your target on it?
Low 40’s.
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‘Swisher SweetS”, seriously?
I smoke these little gems
C’mon.
The theme was “old advertising slogans.” You know? Don Draper — the Mad Men guy?
Swisher Sweets — and any mass manufactured cigars — are atrocious.
Hand rolled, Avos, Griffins, Davidoffs, Romeo y Juliettas, etc.
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Whatever arrests your cilia, mon frere.
Sure, I’ve seen an episode or two of that histo-drama, the tobacco companies must have had one helluva party when that one made it past pilot. Kalle Lasn does not approve, I’ll wager. Oh sure, the storyline intermittently skims over the dangers of smoking, but more importantly to tobacconists it paints the picture of the pleasure incessantly….
When it comes to ad men, I prefer Richard E Grant’s character in How To Get A Head in Advertising as what I would imagine to be a far more realistic portrayal of the archetype.
Link-fart, let’s try that again:
How To Get A Head in Advertising
Serious question: Are you a homo? (not that there’s anything wrong with that)
Cluetard, more likely.
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Coming from a guy who venerates a child murderer/molester (fashioning human skin into livery warrants such labels IMO) like A Jackson, you’ll have to excuse me if I take that jibe for the grain of salt its worth.
IE: you’re a simple domeless wonderboy for being so blithe. Either that, or one massive, coiled pile of excrement for worshipping so vile a creature.
Clam up, dimwit, you’re not fooling anyone.
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No danger of anyone being fooled by documented historical fact, Jake. Go ‘Flush a whelp…’, it will probably make you feel better.
Whatever Jacktoast. Just be apprised — when I say “you’re not fooling anyone,” I’m not speaking of the warmed over meritricious Howard Zinn pablum that you’ve been regurgitating like a sick cockatoo for these last months.
I”m talking about your pseudo-intellectual poseur lefty costume. It’s threadbare, and your ass is showing.
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Why do you ask, DMG? You doin’ your daily cruisin’?
You might find this demonstrates to you just how you blindly leap to your ridiculous conclusions, fag.
I ask because you sound like a fucking homo… you know, all gay ‘n shit.
Don’t you worry though, when i’m up in torronto next month, i’ll slap some of that faggot out of ya.
DMG, so you dragged a winning call out of me and you were too much of a big girl’s blouse yourself to go toe-to-toe on it. Get over it, pal. Better yet, try adding something of value to the conversation. You know: like a pick or a call, or a quantifiable prediction, SOMETHING, because your persistent interest in my sexual orientation is beginning to get downright weird and creepy.
My wife says she might have a friend she can try and set you up with in Toronto if you like, but she suggests you try not to appear so desperate when you meet him.
Ah, the ol’ “my wife blah blah blah…” won’t get you out of the closet, Sally.
There are plenty of guys in your position; Repressed homos married to great big fat women as a cover. Whatever. You’re right – none of my binness. Just refrain from adding – ‘sky’ (Jakeskey??) to anyone’s name and that will help with my acid reflux.
Thanks, muppet.
“There are plenty of guys in your position; Repressed homos married to great big fat women as a cover.”
You believe whatever you think keeps your chances fresh, DMGsky. At least that would mean there is still some hope for you, eh? Keep tryin’. If not, there’s always cash isn’t there?
You’re not simply selling stocks, you’re selling the idea of wealth. The product is the investor.
Agreud!
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you undertook much too much treasured trouble to thriftlessly think up those sly slogans with which you boorishly bolstered simple-minded, semi-relevant and inconsequential information for us imbecilic idiots, of which i am wretchedly one
I think that if you actually look some of those words up, you will find you’ve insulted me egregiously.
(Which may have been your intent… carry on).
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Hey Jake,
I think you’re right in being bearish on the market. I’m shorting the SPY and selling my miners (the miners are subject to the pull of the broader markets)…but I have no plans to let go of any of my GLD or SLV. I welcome a dip and the opportunity to add more to these positions.
Here’s the one reason I AM selling some SLV and GLD…. I think the miners (on a pullback, as you mention) will offer a much bigger bang for my buck in the next up wave.
No mistake, I still have a schit-tonne of both, just less.
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Wait, why am I well pleased, now? I don’t hold Ford, Inc. and rather despise GM.
Or is this a Detroit comment? In which case, sure, it will be nice not having homeless people everywhere.
Yes, more of a pro-Detroit comment. Maybe one of the big companies up there will survive at least.
Did you hear that one of the star commentators at Obama’s “Job’s Conference” yesterday was 15%+ unemployment rate Gubner Jennifer (hottie) Grantham?
You would laugh, but for the weeping.
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I despise that woman; she is the embodiment of incompentency.
Update — Sold 30 January 85 MON calls @ 3.20.
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Jake,
I got shaken out of gold PMPIX ( abx, nem, fcx, gg) totally on the day of the Dubai incident as I couldn’t quite think it all through and of course Mrs. 50 was trying to go shopping, while I was trying to think.
Wondering if I should start legging back in here today at say 10 to 15% or wait for more pull-back, say Fib. 1104?
What you think?
What is fib 1104?
I would wait for a pullback… could be a couple of weeks, here.
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OK,
Thanks!
I’ve got 1104 as approximately 23.6% Fib retracement on spot gold.
Not saying it will happen but how weird would it be if the actions of ABX mark a top and a bottom in gold.
They were fully hedged with gold at about $280 in 2000 and just last week they announced that they got rid of the remaining hedges.
Almost like when the Bank of England sold the last of the intended lot of gold in 2000 (or in’99, I forget), right at the bottom.
very interesting!
ABX is not as dumb as the Bank of England. They were forced out of their hedges by the writing on the wall.
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Been snowing all day in Houston, “climate change”, sans the warming indeud.
“Schaefer is the one beer to have when you’re having more than one”
You make it so difficult to gloat….