Full disclosure:
I was going to stupidly bet against [[GOOG]] today, until Ragin’ emailed me and told me not to. Luckily, I heeded his advice. I’m a big believer in momentum and having a hot hand. Let me tell you, RC is on fucking fire. All of you should bow down to his glory and show him some respect.
For now, the trend remains up, as bad news is good and horrendous news is great.
On the long side, I still like oil plays, like [[RIG]] and [[NOV]].
Looking at [[SKF]], I’m sure there will be a great entry point soon, under $105.
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safe fucking haven!
I fuckin hate Jim Goldman…”ohh, tech’s are oversold…ohh, this is an amazing company…”
At least COF missed, 1.47 vs 1.62 net income… off to the conference call.
Google will go to $12,000.
soon…..
Jim Goldman is a midget. True story.
Gotta like the last after hours trade I see on GOOG 500.00. What I love even more are proforma financial reports. Oddly the numbers are never lower than GAAP/GAAS.
Jim Goldman is a little God!
Crazy Market, ISRG beats rev’s and EPS down $20. WTF?
Its all over for sure on the bears side. The FED fucked up. Tech is on fire, the economy is on fire. Why bet against it. I am now 120% levered long. Covered and closed all shorts and my biggest position GOOG is just ripping the throats out of the shorts. The FED will need to take rates back to 5% in order to slow this train down.
My computer is showing the year 2000.
WTF?
GOOG apr 500 calls .75 @ close
All of you should bow down to his glory and show him some respect…
You should give him a BJ, I don’t owe him shit.
Fly,
Short-treasuries are selling off big time…something big is going to happen sometime soon. You know why?
my computer is showing the year 1999. father time’s pc is a pos.
Should have stayed 1/2 cash like I was 1 hr before mkt close rather than going short with 90% of my cash.
I can’t even make sense of dinner reservations today…
Congrats to Cajun and all the GOOG longs.
Good thing I didn’t buy those GOOG puts at 3:45 today. I kept changing my mind, finally decided not to, felt too unsure about it.
OH MY GOD! I just made up all short losses in 1 AH session. Good god GOOG. This market is going to be on fucking fire! After the final trade I will be off to grill a massive sword fish steak!
Well, I guess collecting a few Karma points is the best I’m going to do today. Until you read this post and then I’ll be fucked on Karma Points too…
Gapping:
You’ve done lost your mind.
GOOG up 70. fuck fuck fuck
37,500 into 1.5 mil right now on goog calls
Fly,
The market has lost its collective mind…
My GOOG calls worth six figures, thank you Jesus .
For all of you that had a bad day here is one of my favorite songs by Pud the guy who had fuckedcompany.com
Behold the Fuck song with the lyrics just so you can sing along below.
http://www.pud.com/2007/12/14/the-greatest-and-best-song-in-the-world/
Lyrics to “Fuck†by Farty McPoopants
Oooooh fuck!
Fuck fuck fuck fuck fuck, fuck.
Fuck, fuck.
Fuck.
Fuck fuck fuck fuck fuck, fuck.
Fuck, fuck.
Fuck.
Fuuuuuck.
Fuck.
Fuuuuuck.
Fuck.
(chorus)
Fuck fuck, fuck.
Fuck fuck, fuck.
Fuck fuck, fuck.
Fuck fuck, fuck.
(guitar solo)
Fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck
Fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck
Fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck
Fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck
Chrorus x2
For all the chartchompers out there, GOOG’s earnings can be a game changer for Tech
Today marks the 19th anniversary of CNBC, odd no?
Just means more and more people are staying home and sitting on the puter looking for the cheapest possible deals they can find. This is going to be the perfect rally to short.
Fly: Honestly losing my mind is how I have to trade. Everything is opposite. If people are losing their jobs then go long stocks. Everyone knows that these people will be at home bidding up stocks in their Scottrade accounts.
Oil going to $125? Buy a hummer, everyone knows they can store more gas in their tank so you won’t have to go to the gas station as much.
Corn at $8? Stop planting the shit, its not worth it for farmers at $8.
Bonds overbought? Buy more bonds. Everyone knows the yields can go to negative which is a good thing.
Its all an opposite world where people with heroin in their veins are doctors and Harvard MBA’s are homeless worthless trash.
Strippers are now ballerina’s, prostitutes are now biology teachers, local drug dealers are now chemistry teachers. Everyone fucking knows this.
Come on get with the program. Vicodin and Vodka is what I am told to marinate these sword fish in and I am on my way to do that. Good luck!
After thought: Don’t forget DECK, its going to be cold as fuck this summer so you need to get you some boots bitches.
One more thing, I fucking closed out my WM short at 10.85, thank god!
In the Year 2000 Google will create an entertainment system that doesn’t require electricity. It will actually even replace life itself, and be people’s sole reason for living. This addictive, yet enjoyable Google Entertainment system will allow you to create anything with your mind, and it will make it more vivid. Virtual reality that will be more real that life itself.
It’s name? “G-Spot”
In the year 2000
In the year 2000
Iphone will be replaced by an even better device… the Iear. This Iear will attach to your ear and allow you to hear everything and everyone just by thinking about them. You will be able to comunicate pyschically. It will then be replaced by the “Ibrain” so you don’t have to think, but then IBM will through the government require you to be microchipped.
Following this, Alex Jones will yell out “I told you so” and fall over dead shortly after.
Hackers will then change the digital encoding of certain Ibrains, and have it renamed the “Isuck”. Users who are hacked will then run around in cyberspace with a digital tatoo saying “Isuck” on their forehead.
In the year 2000
In the year 2000
Life itself will cease to exist, but there’s great news…
I just saved a bunch of money on car insurance… too bad I’ll be dead
In the year 2000
In the year 2000
Time machines will become a reality…
Until shortly after when they’re used to travel ack in time before the time machine existed. Years later, a time machine will be created again, this time done pyschically. A man will then appear in front of moses and a burning bush telling him to build a time machine. due to an error and glitch in the time space continum it will get misrepresented as a burning Bush, and mistranslation of the language will have him writing stone tabs. A “shadow glitch” will also cause it will get misrecorded in history as Noah and the Arc, but the arc will actually be the time machine. People will then posess the ability to travel back in time to what was once the ship, only long enough to build an underwater city named atlantis.
The attempts to go back in time, will ultimately screw things up so bad, that it will rip a hole in the 3rd dimension, and we will all be flat landers.
In the year 2000
In the year 2000
Clocks will reset, and the year 2009 will be known as the year 2000
In the year 2000
In the year 2000
The Fly will actually lean how to Fly… he will then wake up from his trip just intime to realize he’s dead.
In the year 2000
In the year 2000
People will replace the fly, first woodshedder, then Rajun Cajun, then Danny, and Adam… All of them will quit after realizing the side effects include extreme superstitioun, resulting in lower performance
In the year 2000
In the year 2000
A polar shift will turn everything upside down.
In the year 0200
In the year 020!0
…”tfihs ralop” siht gniwolloF
!!dlroW ehT elur lliw scixelsyD
0002 raey eht nI
!!!0002 raey eht nI
Teh Edn!
Need to be on the right side of the Black Swans…
^by definition that is impossible
for one thing, it was discussed just yesterday
http://www.ibankcoin.com/adamblog/?p=67
Good song, Tib.
Fancy math: Last purchase of GOOG 500’s?
0.55 cent.
Over 9700 contracts traded today. 100 contracts at 55 cent (5,500.00) will give you $270,000 tomorrow.
That’s a nice overnight play, no?
AU CONTRAIR wins again….market launch tomorrow. Sorry FLY, you had your chance to stop being a BEAR SHITTER.
Kudos to all that had the BULL BALLS to long GOOG into earnings. GOOG, BIDU, SNDK all ridinbg higher.
Odd No?
MER terrible earnings….Financials higher.
Odd no?
If you are still shitting in the woods with the other bears….good luck to ya.
Jake that is a wet dream.
Raise it Up
impact repertory theater – raise it up [live]
Uploaded by houss93h9z
Sorry, make that $290,000, for your 100 calls at fitty fie cent.
juice-
yesterday you planted a couple cryptic seeds about some shit going down this weekend
you talking about the LIBOR fiasco?
I personally believe GOOG will open below 500 due to options contracts. No fucking way they pay out over 500 but sure would be nice for some if they did. I just don’t see it happening. There were a ton of people who threw a lot of OTB money at these calls. Guess we will see but my guess is under 500.
By the way, your fucking crazy not to sell short 2:1 on your calls in AH.
nullpointer – no idea what it is
I’ve been warned not to be long
maybe they have it completely wrong & we gap up huge … I doubt it but its a Costanza world, so just know whatever your bet, it could blow up in your face … I’m net short now & my plan is to be shorter going into Monday am. If they take the market to the Woodshedder, I’ll cover & go long.
All I can say is, don’t follow me with my plutonium loaded missile full of shorts into that Iranian nuke-ular reactor.
Fly, you are starting to understand what its like to be a bearshitter in a bullshitters world. And I’m most impressed how you’re beginning to even sound like mini-Fleck.
Have a gander at what I had to say this here evenin’.
———————————————————
The Never-Ending Fairytale Called Wall St.
To the surprise of almost no one, IBM won at “beat the number” and the stock was immediately higher last night — though ex its new mainframe, there was really nothing to crow about in that report. IBM’s balance sheet continues to deteriorate. As for IBM’s “new and improved” yearly guidance, that was all a function of this quarter. So, as we saw with Intel, a whole lot was made out of not much. After IBM reported, it looked as though the market could be in for at least a joyous opening this morning, but that turned out not to be the case.
Qualified to Take That 3 a.m. Call From Nokia?
Overnight, our stock-index futures slipped, perhaps as a result of weakness in China, which dropped 3%-ish; and perhaps as a consequence of other earnings reports. Nokia, for instance, was a horror show, with that stock pummeled for 15% after the company said units are liable to be down in 2008. (In case anyone’s been living under a rock, Nokia is a very large enterprise that sells directly to the consumer, and its problems are certainly not company-specific.) Interestingly enough, although Nokia’s problems seemed to matter to some of its suppliers, an attempt was made to quarantine Nokia.
Away from tech, more consumer weakness was seen at Harley-Davidson. Merrill Lynch was okay relative to expectations, I guess, with that stock flattish in the early going. (I say “I guess” because I don’t believe any of the numbers that these financial institutions put out.) Thus, anything that touched a mortgage was a bit firmer, even as tech was weaker — in an early-morning milieu that saw preopening losses nearly eradicated. We then drifted back to the session lows around midday and spent the balance of the day rallying. The indices finished on the highs of the day, with the small changes you see in the box scores.
Hitching One’s Wagon to a Search Engine
I would assume that results from Google tonight will have some impact on the tech tape. Because, if Google stumbles again, it will be hard for folks not to recognize that economic weakness is hammering even the company that was recently deemed to be one of the greatest of all times. Of course, these are the same folks who absolutely refuse to smell the coffee. Today’s example, for your consideration: “U.S. Recession to End in June, Economy.com Says.” (Source: Bloomberg headline) It’s not worth reprising the spurious arguments proffered, because none of them hold water. But that’s where we are — in a world where adults still talk about an economy in fairytale terms like Goldilocks.
statistic-porn, from Marketwatch:
====================================
It’s been estimated that loans and derivative contracts totaling roughly $150 trillion (more than $20,000 for every person on earth) are indexed or tied to Libor in some way, so big changes in the rate have major implications for the cost of borrowing.
Sold short a few hundred shares of GOOG AH @ 530, lets see what happens.
Guys can I get an honest answer here, no bullshit.
At what price would you really be worried about oil and gas prices? What will crush the consumer? Bull or Bear I would like to know. Thanks!
Lets do some quick math here:
Let’s say Joey Doughnuts works at a job 5 days a week.
He drives 60 miles a day round trip.
His car gets 14 miles per gallon average.
Gas costs $4.00 per gallon.
He makes $9.00 per hour.
60 * 5 = 300
300/14 = 21.5
21.5 * $4 = $86
$9 * 40 = $360
86/360 = 24%
Joey Doughnuts pays fucking 24% of his salary before taxes on transportation to work alone!!!! Forget driving anywhere else.
Holly shit and your telling me that won’t have an impact?
Big tech starting to show some muscle –
IBM, Intel, and now Google. Gotta have tech.
college girl in need of money to pay margin call on GOOG:
http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_G/threadview?m=tm&bn=25263&tid=1156292&mid=1156292&tof=3&frt=2
Gap I think the consumer is being crushed right now. God Dammit it costs $50 to fill up a bullshit sedan. $70 to fill up The Soccer Mom’s Van. $10 a day for Mom to run to the store, school, practice and lessons.
The future
I saw one these little turds in the mall the other day….then I actually saw one on the road yesterday. The pendulum
is starting to swing I guess.
“The future
I saw one these little turds in the mall the other day….then I actually saw one on the road yesterday. The pendulum
is starting to swing I guess.”
mRKCBILL,
The average 300lb fatass American isn’t going to fit in one of those smart cars. Look around you, everywhere all you see are obese people. Seriously half this country is obese. I don’t think the danger is falling equity values and home prices or rising fuel costs. The main problem is going to be the higher cost of food. As people here run out of money they will starve to death. The average person in this country probably consumers 4000 calories a day.
OK guys a question here, ducatti chime in as well if you are reading this and feel free to check my semantics.
So now that we have tech and financials showing strength since everyone seems to think the worst is behind us does this mean that the speculative commodity play, if it truly is one, will start to deflate for the time being as people chase tech and financials again. Does this mean that Flys Ag plays might actually start to make money and SMN will stop being an underachiever for the time being?
For ducatti:
Any comments herein are solely the opinion of MarketRaider and do not imply that MarketRaider knows what the hell he is talking about.
Gap – gas has been over $4 in Europe forever. Now its 4 euros. You do the math. I suppose they’re surviving over there. But unlike the US, where 1/2 of the cars are SUV’s, most of their cars are minis like the one KC posted. Problem is, no way we are giving up our SUV’s and 4×4’s.
This market has a date with destiny … SPX 1100, at least. We may have to hit 1400 first but now way this is it.
Tech/Telco contracts just starting to hit –
IPv6 mandated upgrade by govt. – $250 billion in contracts as a starter. Will benefit companies like Cisco, etc. Starting date – July 2008.
Networx contracts also just starting to hit – $100 billion for new communications systems. Will benefit companies such as AT&T, Verizon, wireless. First $$ flowing in a few months.
Will give a huge boost to tech, starting in autumn.
flashback “year 2000″…
Does anyone else feel like we’ve just been pushed back in time and we’re trading like it’s 1999 again? I remember buying into a very similar tech rally in April 2000 right before my trading account totally imploded later that year.
Juice: I lived in Europe (Deutschland) for a few years. Its not the cars, its the meager living that allow for it. Take housing, their houses are very very small and they don’t buy a lot of materialistic things. They live simple lives. Basically you won’t see a shitload of fad shit on giant credit cards there. Thus they cut back on their spending tremendously. Also they fucking live a nearly 100% socialist life where they are constantly protected from “evil” companies beit big or small. Bottom line you can’t compare the two places in that manner.
On another note: Do any of you know any trading software such as quote tracker but for Linux? Thanks.
Danny,
Thanks for the link and I must say fuck the Flames. I also don’t agree with Taleb’s definition of a Black Swan or only things like a Black Monday or terrorist attacks would qualify. I don’t think many people thought Google would hit the way they did and therefore I would say it is an event where you could make shit loads of dough that was reasonably unexpected. Is a 15 % jump in one day realistic based on the news release? I think it is completely irrational and a few people made enormous amounts of cash.
its so weird theres inflation everywhere else above expectations around the world, even with the dollar going down the toilet.
USA!USA!USA!USA!USA!USA!USA!USA!