What a yawner, aside from the bloodletting in FTK. CNBC is fixated on “America’s Oil Crisis,” yet oil is lower.
Irony.
Apparently, some 10th tier bucket shop, named Sidoti, downgraded FTK this morning. Keep in mind, these same asshats were bullish at much higher levels. They have no edge. My guess, they’re trying to bow out gracefully from the stock, being that they have no fucking idea what they’re talking about.
I’ll buy more, if it comes down to $18.
Many of the momentum names are recipients of lead homo hammers today, especially in the “Chinese Solar Burrito” space. That play is over and done with.
From a macro point of view, today’s tepid rally is a sign of uncertainty. My allocation is to be long energy and short everything else, except FNSR.
As you know, I loathe the financials and will buy more SKF, at lower levels—God willing.
The Chinese fuckery will end soon. Mark my words. The small stocks go first, then the big. As you know, FXP is a short play on the bigger names.
Finally, the ethanol sector is a good hedge versus oil, just like the refiners. If oil comes down, so will corn. Why that is so, only Mother Market knows. At the present, the bitch isn’t talking to me.
Top pick: VSE
NOTE: Fuck the trannies and the shippers.
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Sidoti sucks….They want cheap stock
Nah. They just suck.
Corn beginning its fall now, no?
the rest of your bloggers suck at the moment
Why such a big decline in Qtrly earnings growth in VSE?
hey guy…what’s the problem guy? Lets see you do somthing guy…
Fly – you got any good fuck the consumer retail shorts?
mushroom:
input costs aka corn.
I got some good consumer longs;
buy WMT, UA
I cant believe I was too hungover today to buy more WMT on the 50 day MA. Stupid soccer match yesterday… great game though.
As for UA, i just think its a quality company, quality shit, quality marketing.
Juice:
No. I haven’t been interested in retail, since my quick loss in SKS this week.
You realize that “Sidoti” is an anagram for….
IDIOTS,
…right?
What the hell is an anagram?
^^ lol. ^^
Harsh, but two snaps up for “cleverness.”
_
Come on Fly, I know you’re looking at SMN. Pull the fuckin trigger!
Retail short, how about GME on a pop.
Brucie —
Try ANF.
mushroomz-
I agree on UA their newer commercials are pretty tight.
thx Jake … I’ll slap some on the sheets
Gunners I covered a little more LEH on that break at 38.
OIL still will kick everyones butt this summer. Uncle George is still running the show. MOTHER MARKET cannot contain Uncle George and his middle-east buddies when it comes to oil.
Retail… hmm the only retail i see with upside is also a tech company. AAPL. But it aint no buy til the winter. iPhone 2.0 in June will start eating away at RIMMÊ»s blackberry in the enterprise sector.
FLY is totally right on financials… they are hiding stuff… i bet they own a bunch of oil stuff too, since they stink at investing anywhere else where they arent involved in the IPO. But i will wait for earnings on them. Hopefully we get another BSC.
Hey butt-munch, you still long CLNE? Ouch! No offense, I just like saying butt-munch today. Odd,no? CYD hanging tough during these times. Chinese engine manufacturer…good play for the obvious reasons. Also, LACO hanging in there the last week. Casino in Cali opening up at the end of the year. Insider buying to take advantage of the ramp up after the fuckers sold at the top late last year.
Jet King… how bout this one for topicality?
Woodshedder = SHOWERED ODD.
same here Gap. i’m left with 25% of what I started with. Up 150% on puts. LEH says “would you like to make another transaction at this ATM machine?”
Anyone have any insight on UBS $15 billion offering at 30% below current levels ? It seems to me like UBS is fucked. Yet the stock is up today. Odd no ?
CAP, not so odd when you consider MBIA and Ambak are still AAA.
hey gmac. Uncle George? Give us a break. That man is a limp assed moron. Oil has topped. It’s headed to the 70s idiot. Oil always runs into Memorial Day weekend, then sells off faster than George can mangle the English language.
Crude: good call on DCR.
Alias: BPOE
3 cheers for MVIS. Good buy at the end of AUG> @1.80
Boredom, for lack of a better word, is the death of all traders. If your bored go to your local porn theater, in order words don’t make a trade based on boredom. Less of the day over.
if you get bored you can always paper trade and just pretend it’s real
Thats true paper trading or modeling would be good when bored. Or you could do my favorite thing, take a stroll down to the Merc and punch out any mortgage broker you see walking by. If you don’t see one just spit on the windows then draw pictures of dicks with your fingers in it. Thats fun.
Hey bitches, man up and short DBA. Its not too late to catch the impending move.
Take a look at the five year weekly chart for WLP. Note the action back in July-August of 2004, and how closely it resembles the recent action.
Odd, no? This waterfall/recovery pattern seems pretty common for the HMO’s, and WLP specifically. I remember this same shit happening when I started out in IB some 17 years back.
Fly kicking old men around the washroom: http://www.youtube.com/watch?v=PU7J5MSIr6U
FTK is not exactly topnotch:
Management has been pretty lax lately — probably out with BSC management playing bridge and slapping ho’s.
Good downgrade on pop with no news. Expect to be bitchslapped like Goldman did on SOLF — after they loaded short at 29
Grabbing some otm DRYS calls for a bounce, bombs away :/
Double top looks to be coming into STLD. I like it for a short here.
Gunners I have about 35% of my position left and have a 16% gain at the moment on what’s left. Will throw on a stop at 39 and let it ride to 37.50.
I actually just closed out the rest of mine, when LEH was at $37.85 a few minutes ago. I still have MER puts.
I bought some VSE at 666. Yes I chose 666 for a reason. Lets see where it gets me but I do agree with Fly’s thesis re: corn. If it backs off we can rally. I also want to be heavy long TSO or VLO going into the driving season. Gas prices are going to $6 here in Chicago, fuck you if you don’t like it. Get a job as a new car salesman if you think I am wrong.
Pictures of Vincinzio (aka pimp boss playa that fills in for Jeremy) getting irrate.
http://gawker.com/392686/craigslist-cash-wavers-fury-these-photos-are-mines
This is funny shit.
Bought 2000 more SMN @ 28.27. Should gap up on good volume tomorrow. I hope!