At the end of the day, I got smoked out of my [[RIMM]] short, taking a “ball busting loss.” However, since I’m still long RIMM, it was a wash, basically.
This is a losers market, with exception to the pending “palladium supercycle,” powering shares of [[PAL]] and [[SWC]] to unsustainable levels.
Banks and commercial re got lit up again, enriching “The Fly” with many points in his [[SKF]] and [[SRS]] positions.
My market position is the following:
Inflation in food commodities and oil/gas will decimate the consumer. This will lead to significant earnings short falls at big retailers, like [[M]], [[KSS]] and [[JCP]]. Specialty retailers, like [[DECK]], may be able to squeak out another quarter or two of “mind numbing” growth, but will fail—eventually.
The credit crisis will spill over into commercial paper and real estate. Liquidity in the capital markets will dry up, forcing money losing companies to either fold tent or seek unfavorable capital injections.
Oil stocks will begin to disconnect from the price per barrel and trade lower, as recession expectations dampen forecasts. The same goes for Ag. Despite ridiculous wheat prices, stocks like [[MON]], [[AG]] and [[POT]] will fall.
In short, everyone is a loser. Get short RIMM and find a myriad of upgrades waiting for you in the morning, effectively ripping your face off.
All in all, despite RIMM, I was up 1.2% today, erasing yesterday’s losses.
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I avoided riding the momo in those shitstocks, PAL & SWC, simply out of my hatred for JJ.
Sure the story finally had a catalyst (no pun,) but that dork and screamed fire in a crowded theatre too many times.
Looks like JJ, with his 50 shares each of PAL & SWC is now able to buy a new pair of CROX.
Good fucking times.
Hansen Natural Corp. (HANS) today said results for its fourth quarter and full year ended December 31, 2007 will be released on Thursday, February 28, 2007 after the close of the market.
Should run up a lil next week.
Deep in the money calls, anyone?
Oh yeah STV baby!
Big losers say I only have 50 shares PAL? Ha ha ha! You guys are big losers and I am a big winner.
The FLY? Think you made money today with 1.2% up? You actually lose consider that US dollar index just lost a good portion of 1%, on top of euro depreciation.
I was the prophet! You did not listen!
nncoco:
Your hatred of me, JJ the Palladium King, makes you a big loser. Do you realize that?
I am wasting my time trying to help YOU make money in the palladium super bull cycle. A lot of people thank me. And you hate me in return. That makes you a big LOSER. Do you realize that?
If you hate me because of my ethnicity, then you are a racist PIG and you are an even BIGGER LOSER. Do you realize that?
LOSER LOSER LOSER!
I am the big WINNER!
I am JJ thy Palladium King!
Winners and Losers
JJ – chill out will ya. No one hates you, but this was not a trading position and this is a trading site. You caught the wave and I am truly happy for you. This is what investing is supposed to be, you wait and your patience gets rewarded with big gains. Our market is completely fucked up now, taken over by drug addled and drunk trading houses who should just fuck around in Vegas and in the carting business, instead of wearing suits to work. Most people here realize that, and trade accordingly. Now having said that, it is my opinion that the palladium run is being forced out of a trading bank overseas, and they are not impartial to the new SWC management. Take that or leave it, that’s up to you. I love alt energy plays, but I do not think that is what is happening here.
I can’t wait until some of the investments from these sovereign wealth funds go bad. Keep in my mind who we are talking about here. These are groups attempting to come into unfamiliar territory and use their infinite wisdom to invest tax-payer funds in perceived “values.” Six months from now we could see sovereign wealth fund managers hanging from Mao statues in Beijing.
JJ
It’s one thing to have people think you’re a jerkoff, but it’s another thing to have them know you’re a jerkoff.
Sorry, your words reflect the latter.
Haters theme song:
Broker one of my top picks is short INFA. No way bookings continue. Mark this post for the end of Q2.
pride goes before a fall, jj. try decaf
JJ,
Race has nothing to do with BEING A WANKER.
Like Cavino, I am happy for you. We all live to be right once in a while and in the trade at the right time.
If you acted like less of a spamming retard we would be more inclined to hear the call.
I read everything you ever posted on the subject BTW.
I think JJ just rang a bell for at least some sort of top in his precious precious metals.
I may have to buy some puts in his 2 babies.
JJ: good call. however, be prepared to give back a super chunk of change.
JJ,
Even a broken clock is right two times a day.
get over yourself, people don’t like your kind
It’s truly inspiring how JJ is right every single day! However, I’m gonna get me some puts!
As they say down here in Oklahoma, the sun even shines on a dog’s ass every once in a while. We say a lot of other stupid shit too, but none of it really makes any sense.
Odd no?
Okie, you ever go noodlin’?
PAL is going higher in the morning again. Have you seen what the metal is doing in trading in asia again? I have no idea if they are shit or not and with my time frame I really don’t care. I would wait to buy puts until a downtrend occurs. The technicals of PAL are really strong. Twice in the last two days it has gotten cum guzzled but fought back strong. Look at yesturday, went down 7% and came back to finish virtually even. Today it hit highs of 9.15 or so and sold off all the way down to 8.40 and then rallied to finish back at 8.95.
The technicals look pretty good. It is dangerous to buy puts AGAINST the trend. Wait about two weeks and I may be right there with you but for now I will ride my calls harder then carmen electra.
http://www.taxfreegold.co.uk/palladiumpricesusdollars.html
I read JJ’s post with a grain of salt. Give him credit. Despite the abuse we heap on him, he is persistent and will be back to touting the palladium super cycle.
Invest in wood! Wood is good!!
Thousands of acres of forest are destroyed every day!!! Wood is an essential material!!!! If men had no wood, there would be no babies!!!!!
My 401KY is 401% invested in wood!!!!!! I am thy wood king!!!!!!!
http://photos.mg.co.za/original/0.06460200%201203663155.jpg
I think I just talked the metal prices down lol.
Homies are at key support here, watch for break down :/
Dawg,
If you don’t get the rotting corpse of Junior Sample out of my front yard, I’ve got people here who will just as soon bring him down to the rending vats and make aromatic candles out of his fat ass.
Oh yeah, Grampaw and Roy Williams are getting a tad “ripe” as well.
Speaking of aromatic candles
http://www.theonion.com/content/news/victim_of_mall_shooting_determined
I am very temptd to nibble on BOOM here. Very low volume selloff. Earnings in 9 sessions. Still record levels of short interest. If I were not doing my lent thing I be buying here.
Boom,
That is so wrong.
what the fuck is going on with bsc again?? another china buyout.. wtf???
I’m buying BOOM here at 55.23. Forgive me.
The flesh is weak.
A round of Blue Monster drinks on me 😛
The Real God may choose to strike you down, here.
Bleaking teraglaph, flom Tokyo Ministel of Finance!
“Fluk you burrs, you dead!”
-Stop-
Sinceley,
da Yen.
– Stop –
Boomer…I have enjoyed reading about your quest to give up trading for Lent.
Now you are buying BOOM ?
What does this mean? how do you feel?
Boomer is backsliding.
Whale is Fry?
Too many “lairies” at da Loxbully rast night?
Fly took a ride on his time machine last night and due to some malfunction, when he tried returning to the present he was transported
3 million years back in time. I’m thinking he’s hanging out with T-Rex and a few Diplodocus.
I am weak indeed. Yes, bot BOOM.
Get behind me, Satan!
Interesting theory, Cap… but those guys were long extinct by then, much to Fly’s non-chagrin.
Spoken like a true permabear who is scalping nickles and dimes all day. Your article is full of depressed and negative sentiment. In order to be a depressed psycho here are few traits you want to know:
1. Sky is falling
2. We are in a recession (they can’t show any figures to prove that, no empirical data just the ” feelings”).
3. Real estate will never come back. ( Real estate is a cyclical industry if you did not know)
4. We are done, its all over now ( Titanic is sinking)
5. We are entitled to everything ( which we dont deserve)