Today looks like a perfect bounce day, but beware. The underpinnings are still weak.
Despite “magic,” [[GS]] is now down on the session, making “The Fly’s” [[FXP]] for [[SKF]] swap, which was executed yesterday, look extraordinarily “time machinish.” Albeit, I only sold a small piece of my FXP position, it still fits my mantra, which is: “The Fly” is winning, even when it appears he’s losing, badly.
If I were addicted to sharp heroin needles, I’d weigh 105 pounds, keep a long beard, and be buying stocks, right now. However, since it is not the case, I will reserve my cash for other stuff, such as: overpriced items on [[EBAY]] or late night runs to Toys R Us, at the request of Mrs. Fly.
In short, I’m gonna buy more FXP and SKF, sometime today. Until then, I will just hang around the office, waiting for the voices in my head to communicate sage financial advice.
UPDATE: “The Fly” wins again, vis a vie [[GS]] going lower. Don’t fuck with me, if you want to keep your fucking eyebrows attached to your head.
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Premarket would have been a nice time to grab some SKF, damn.
I’m a junkie… long BOOM again. Small position.
Short every bounce.
Shorted more BOOM just now. Say goodbye boomer.
I’m on delayed quotes, so of course, I’m handicapped, but I’ve got RIMM, GOOG, GS, AAPL, all red. Is it true?
woodshedder.. why dont you join us all in the modern era of trading.. real time quotes and everything..
Every sector ETF is green. Could this be the bounce day?
Big snacks. Its a long story. Just suffice it to say that the powers that be are watching.
I still get real-time quotes, but usually just during lunch and right at the close.
Why are you on delayed quotes? You using coconuts or something?
Wood:
Look on my blogroll.
Click on “ARCA.”
There, you will enjoy real time quotes, courtesy of “The Fly.”
Also, Yahoo is running rt quotes too.
Fucktard.
“I’m on delayed quotes, so of course, I’m handicapped, but I’ve got RIMM, GOOG, GS, AAPL, all red. Is it true?”
Yes my bearish friend, it is true indeed.
Wow, what a pathetic response to Goldman’s blowout and the ECB’s action. Stocks are clearly for asshats.
Don’t give him “real time information,” for he is not deserving of it.
WOOD:
“Help, is the market up or down? I have 30 min. delayed quotes.”
Fly:
“The market is still up HUGE. Get in there and buy more.”
WOOD:
“Gee, thanks Mr. Fly.”
Fuck you bulls.
The FLY:
Load up PAL, immediately!!! This is one of the rare opportunities you can expect a double in 2 or 3 weeks. The price is just ridiculously low, with strong PGM metal rally, it should come back very strong.
Platinum breaks $1500, palladium breaks $360. It’s good time to buy PAL and SWC now. You are buying PAL at $3.60 when folks listened to Cramer and bought at $12.65!!!
JJ:
Ok, I will.
I need to get on board the super cycle, right?
Gee JJ (Santa Claus), thank you for this “present.”
Now, go fuck a lemon tree.
Thanks, Dickhead (Fly).
I did get a good chuckle out of all of it.
Yahoo wants $$$ for real-time quotes of any issue except the indexes.
Things will get back to normal once all the office spies are dispatched.
Enjoy the article:
http://www.seekingalpha.com/article/55173-palladium-an-investable-metal-that-defies-physics
And:
http://seekingalpha.com/article/57172-calling-a-north-american-palladium-bottom
Fly, I take back the dickhead comment.
ARCA is a nice addition for the stealth office trader.
JJ, most companies think it’s a good idea to sell stock when the stock price is high, to reduce dilution.
PAL waits until the stock is trading at 3 year lows to issue new stock.
Odd.
Banks will show a decline of over 50% in Q4 earnings, so we are not done with this. We are at near term support of 13,200 and will see lower levels before this is done. I expect we will test 12,700. A break below 12,700 sets up a pattern of lower highs and lower lows on an intermediate basis for a test of 12,000–obviously, this would not be good for the bulls.
In order to generate the greatest amount of concern, the market seems to be headed to 12,700 near term.
For those of you bulls who are still in denial and “un-short”, it’s not too late to get short on a break below 12,700, using double-inverse ETFs.
Unlike the Fly, my time machine works.
The fact that JJ gets published on Seeking Alpha is frightening.
New – you cover your BOOM short yet?
Boomer:
Check front page. You are “Featured Peanut” for a week.
Seeking Alpha will let anybody on there. They seem to be floundering and searching for direction and/or profitability.
Hell, do you think Seeking Alpha would publish my expose where market bulls are compared to livestock bulls? You can’t put a pricetag on that level of creative genius.
Seeking Alpha couldn’t afford to hire the staff of Ibank.
I will create a few posts for the featured peanut section. Thanks for the nod.