Poof. Your bullshit summer rally is gone.
-Merlin
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Joined Nov 10, 2007
23,431 Blog Posts
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Already??? The summer just started.
Poof. All you goat belong to us.
Believe it or not, the bulls will be back .. fuckers just won’t die and get it over with.
Fly, you should put Denniger on your blogroll. The guy is lean, mean, and on the money.
http://market-ticker.denninger.net/archives/521-Monday-Musings.html
Merlin has been working his magic on the futures over at Bloomberg. Dow futes down about 100 points right now, S&P down 11, Naz futures down 31.
http://www.bloomberg.com/markets/stocks/futures.html
Tomorrow will be interesting.
i like denninger.
Juice, the AH activity we’ve seen starting with the banks a few days ago says to me that the current hair up mother market’s ass is earnings (& guidance). That being said, guidance better be mighty fuckin’ good for the bulls to run. At some point, economics is going to mouthrape anyone caught on the wrong side of the trade, for a long time, forcing a lot of unwilling participants to be gay. If you hold UYG into 2009 you will be mouthraped. The market drifts up in between bad economic events and the optimistic vacuum of no bad news.
Gold is not dropping either.
Denninger is “God”.
I have been paying attention to charts more and more lately even though I am now an offical “asshat” for it. Hey, what can I say? They are trending well against moving averages and the MACD. Look at a monthly chart of the DOW/S&P, bearish as hell.
So what? Fly is God without the quotes mutha’ fucka’!
Actually, I like Denninger, too; I just also like to pick a fight.
Keep busting out Merlin, Fly – perfects neutralizer of that damn monkey!
Great fucking Denninger post.
In other news, I just lost a 450.00 hold ’em pot.
I tell you what. The fucking market is much easier to make money in than poker.
Unless of course, you study poker every fucking day, religiously.
who had a long position in SNDK into earnings tonight?
Denninger is already here. He posts with a different handle. I read his blog too, just for laughs. It’s funny to see a man telling the truth day in and day out and be completely fucking ignored by every politico he petitions. I used to write, call and donate to Senate Banking. Would have been better off blowing bubbles up my own ass.
The shit is less funny than it is sad, truth be told.
Denninger = Sahib?
Boom,
No.
Not Bilderberg, or Rag.
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Another Merlin.
Poof! Your shitty explosive-laden AQ suicide fast-boats are vaporized!
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Oh nevermind, I see KD is on the blogroll.
Calvarino right. Another truth-teller ignored by the peoples reps. Same shit, different millenium.
When you see Genesis, that’s him.
Denninger is like a car crash on the side of the highway.
You really want to drive past quickly, but you have to slow down and look for the dead bodies in the twisted metal.
But I read him everyday. He’s like Mr. Fly, but without any trading advice.
I think Merlin needs to get laid.
-DT
http://www.marketwatch.com/news/story/market-timing-model-based-value/story.aspx?guid=%7BD4DA196B%2DEB00%2D4E2B%2D9414%2D577F0939B2FF%7D
Bear Ya Ski Daddy!!!!
We will get revenge on those banks……
“Go Crazy short at the open…. ”
B.R.
In the beginning ….
KO has been in free fall since June.
STI just reported that it sold out of its 44M share position in KO in June-July
Time to go long KO now that this large seller is out of the way?
Boom,
No.
Not Bilderberg, or Rag.
____________________
All are the Fly, no? Odd.
Juice,
Is the descending triangle on the daily from the end of June part of your short thinking on DV?
Holy clockknockers Batman, is anyone watching this RIG-a-marole trick-fckery this morning???
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A Special Message from Donny:
POOF, your bullshit Crude rally is gone!
goddamnit, the day after i buy CHK, looking like there was some strength starting, the fucker drops 7%. what the fuck?
Another Merlin says:
Poof! Your bullshit pass is deflected, Tarkenton!
_
Gunners, I made a wrong turn somewhere… Damn $100 gps devices.
I can only jump so high before I fall down
I can relate…
Fly, what the fuck is up with RIG? That thing is gayer than a PicoP-enabled phone riding in Ryan Seacrest’s front jean pocket. WTF? I’m reading the charts here and the next support level is $65.
Donny, you will be happy to know I am out of all of my long oil positions except for some random shit in my 401ks etc. MACD went bearish on weekly crude, I’m out. You win, loser.
RIG and the rest of the OIH are just reacting to the drop in crude prices. Look at earnings from SLB, HAL, BHI, and BJS so far. RIG and the oil service industry are fine and damn cheap right now. Look at the forward PE’s. RIG is trading at 10x forward earnings! Do you really think the oil co’s will drill less if oil falls to $120 or even $110? Use this sell off due to a drop in crude to add more.
Also a nice hedge here is UPS. Earnings were not too bad given what they are facing in the economy and with fuel and they will get a nice lift with any drop in crude.
Oy, effin’ Roo, Oye naow wot yer about, mate!
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I’m reading the charts here and the next support level (for RIG) is $65.
“Waking and baking” will never get you out of your mother’s basement.
(And I’m short RIG!)
Crude … I am happy that you (or the charts) finally saw the light. However, I do feel sorry for all those crude, permabulls, who are punch drunk with profits, and can’t see obvious, overbought conditions.
As I said in the past, I make a living betting against trends, and despite all the bullshit said in this venue, OIL is dead in the water.
TRMB looks like it wants to rally into earnings on the 24th. Should be a great qtr for them.
Whats the deal with FTK, I mean, what is the deal?
Greg Norman- You sound like Padraig Harrington (except the “mate”). He is a better golfer than you ever have been. Now go play with your polo ponies.
Donny –
I am not a permabull on oil (I called that the hurricane would be a net negative for oil here yesterday) but as for oil “being dead in the water,” remember, oil floats on water.
Flyyyyyyy! Whatsamattah wif RIG/MVIS/FTK and .02% of the picks you give us for freeeeee????
_
Gramps … yes …though DV has hung very tough .. I’m still there, fwiw
Whoot wouldya knoo aboot n’ Oyrish accent, ya poncy Yank bastid?
Yer always after me Looky Cherms enny way.
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Any opinions on OGZPY out there? Starting a position today.
Chartwise, downside to 46ish
http://139.142.147.19/StockChart_ImageOnly.dll?cus=0&co=ask&i_chart=0&inm=5&ind=2&idx_sym=&sb=ogzpy&cn=us&size=3&ind2=-12&inm2=-1&ty=2&sca=1&chk_mov=on&mov1=20&mov2=50&mov3=200&chk_boll=on&boll=13&chk_lin=on&lin=246&chk_vol=on&chk_rsi=on&rsi=9&chk_sto=on&sto1=15&sto2=5&sto3=5&chk_wil=on&wil=12&macd1=12&macd2=25&macd3=9&roc1=16&roc2=8&chk_mfi=on&mfi=14&rsc_sym=&ref_rate=0
Yoo ken hev thet Russ’n trollop, Khourny-kova, mate, gimme sommma thet Chris Evr’et MILF action enny die.
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Skiffles filled the gap from this morning… 50% fib retrace is at $139.20, btw.
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Bruce — are you serious?
That sucker has yet to trade today! Your going to short a stock where — due to the low volume — Putin can nuke you with the shrug of his shoulders?
Nyet!
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Thanks Jake, I mean Greg … I’ll take Corny, you can have Evert, mate.