I’m done caring about preserving capitalism or whining, like a little bitch, about the incredible burden on the tax payer. Fuck the tax payer and his credit carded ass.
At the end of the day, life is all about sticking it to the short sellers, with their deformed noses and burlap shirts.
Citigroup Inc. [[C]] was just about the easiest, yet most nerve racking, trade of the year. On one hand, I knew the gov’t had to defend the stock price, providing they were interested in saving the system and modern day finance. But, on the other, I was relying on people who are well known as standard, pre-packaged idiots to deliver.
Nonetheless, we have 300 billion reasons to rally today, and indeed we shall.
Aside from the banks, gold looks like it has some momentum. Check Wood for some gold fun. And, it appears treasuries are getting nailed to the ground today, which bodes well for [[TBT]] .
Commodities are up. Europe is sprinting higher.
Gentlemen, if I may be so bold as to say so, the Thanksgiving Rally has begun.
NOTE: This post was sponsored by “The Turkey Gods.”
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One question. Where is the Dog?
Fly…Dennis Gartman itching to short gold on a rally to $810-837. FYI…
One question, where is the Dog? Fuckign coward.
Dennis Gartman aka “The King of all Commodities” is a fucking idiot.
This market is vastly oversold.
I reiterate what I said on Friday at the close. This market could easily rally 1,000 points (or more) in a fairly short period of time … just before we test & set new lows (yet again), probably in January.
Fly
Did you let dog out of his kennel since the weekend? Please check the lock.
Hey Fly,
What price do you see C & UYG going too? I have a small pos in both that I’d like to increase.
Fly,
are you buying C? What should a :can’t find my ass with 2 hands” guy like me do today? What’s your view on DUG? H-E-L-P.
I’m a Greg guy, great card tricks
I see the future, and it has naked shorts with scrotums sown to their foreheads.
fly
Wash you mouth out with friggen soap and water Dennis a gentleman… a southern gentleman at that.
I think C should be north of $10, minimum.
UYG to 8.
Dog has been released. However, just know, when someone gets banned, they are not only banned from comments, but entire site.
They’re just tossed out onto the 3rd tier.
J:
Southerners are not honourable!
THE FLY IS GOD!
Thanks!
Fly,
Can you post the PPT results for stocks with high cash position per share?
thank you!
Why would you ban DevilDog?
Fly,
FAS triple financial for extra fun….
WTF:
I did not comb through these, but take a look.
Stocks with the highest cash per share/price, EPS positive, fundamental rank of at least 3:
2 GSIG 3.4 4.43433
3 SOAP 4.1 3.15991
4 CNTF 3.4 2.27638
5 TKTM 3.6 2.15611
6 QXM 4.9 2.12365
7 OPXT 3.2 2.10404
8 KHD 4.6 1.95478
9 SPRD 3.6 1.85197
10 COGO 4.6 1.28405
11 GU 5 1.25093
12 NWY 4.6 1.2004
13 NTE 4.9 1.19764
14 ASH 3.4 1.19401
15 GRA 3.6 1.16339
16 REDF 3.6 1.05732
17 ACTS 3.9 1.03821
18 ISSI 3.2 1.00849
19 MLNK 4.4 1.00826
20 SIMO 3.6 0.999354
21 CHRD 3.2 0.990158
22 SSRX 3.35 0.973827
23 MAXY 3.35 0.965912
24 PCR 4.4 0.933824
25 TUNE 4.6 0.930717
26 CISG 4.35 0.910617
27 ZINC 3.7 0.902561
28 ALVR 3.2 0.86441
29 PMTI 3.4 0.862248
30 JRJC 4.1 0.85817
31 STV 4.65 0.841073
32 GSOL 4.9 0.827119
33 CBK 3.4 0.821601
34 OVTI 3.4 0.782354
35 PDS 4.9 0.750779
36 CHDX 3.2 0.747557
37 TGX 3.6 0.746102
38 AUTH 3.2 0.744066
39 INSP 3.3 0.734376
40 KSWS 4.7 0.730261
41 NVTL 3.6 0.719841
42 APKT 3.6 0.715829
43 JASO 4.7 0.711924
44 DROOY 3.1 0.698239
45 NCTY 4.8 0.689891
46 CDI 3.4 0.689284
47 FEED 4.8 0.687223
48 OPTV 3.6 0.678902
49 CLS 4.4 0.66789
50 STMP 3.4 0.66705
51 FUQI 3.5 0.663034
52 KBR 4.4 0.65753
53 HHGP 3.6 0.655824
54 GCOM 4.7 0.653171
55 ATE 3.4 0.645774
56 WTSLA 4.5 0.645568
57 WH 4.7 0.637215
58 TTMI 4.4 0.636581
59 MGA 3.4 0.627987
60 NPD 4.8 0.617976
61 PCTI 4.7 0.615713
62 SMOD 3.4 0.613541
63 HSII 3.4 0.604169
64 SWIR 4.6 0.5947
65 ASMI 4.7 0.592536
66 EXLS 3.4 0.591273
67 VIGN 3.2 0.588899
68 TSCM 3.6 0.570059
69 AEHR 4.9 0.554285
70 TER 3.2 0.551204
71 YZC 5.3 0.550563
72 NTGR 4.6 0.544952
73 AFOP 4.6 0.544158
74 TITN 3.2 0.534937
75 HTX 3.05 0.530564
76 CYNO 4.8 0.527652
77 PRO 4.75 0.522662
78 DTPI 3.7 0.521596
79 LOJN 3.4 0.508435
80 DRIV 4.8 0.507923
81 BRS 3.6 0.507843
#1 was XING.
I hate XING.
xing hahaha.
much appreciated!
2 GSIG 3.4 4.43433
3.4 is the PPT
What the other number represent?
3.4 is not hybrid rank—just fundamental.
The other number is a ratio, representing cash per share/price.
In other words, GSIG has more than 4x its share price in cash.
Somewhat odd, if you ask me.
I’m sure there is more to the story. Hence, one would have to do research in order to find out.
that should be cash per share.
I was thinking stocks like AAPL, FLR etc would come up.
maybe we can filter out just for large caps
ok, got it.
Im looking for large caps with something like .33, .50 of share price in cash
anybody have any good ones?
The C CFO sounds like a bullshitter
it is cash per share, divided by price, in order to isolate an identifiable ratio.
The PPT is not ready yet. I don’t have the ability to sort out by cap. I will soon.
Here is high cash ratios, with avg volume of more than 1m per day. That should eliminate the rif raff.
1 ASH 1.19401 2310000
2 CLS 0.66789 1448687
3 CROX 0.661584 3046280
4 CWTR 0.849427 1044210
5 DHI 0.619323 11700617
6 GRA 1.16339 1153337
7 HTZ 1.42592 2689943
8 IACI 0.594824 2404187
9 JASO 0.711924 7817783
10 KBR 0.65753 6252263
11 MGA 0.627987 1241380
12 PDS 0.750779 1902930
13 SIRF 0.751913 1057910
14 SPF 5.66788 2388987
15 SVNT 0.527342 2218213
16 TER 0.551204 3277960
17 THQI 0.667786 1625513
18 WTSLA 0.645568 1768160
AAPL only has $13 in net cash. Its ratio is .16.
FLR is .26.
Take a look at PCR. Similar co to FLR, loads of cash.
Fly, i know this is an amateurish question.
Wud u recommend some UYG calls (8 or 9 strike) on open.
Humor me this one time pls.
PCR has $12 in cash.
Fly is awesome.
thanks
Ed:
For a small trade: maybe.
I don’t like how UYG operates. I might go with KRE or RKH instead.
Master Fly, #58 is my largest position…
Gobble Gobble.
C is being sold at $6 premarket, should i get sum?
Damn C is up to 6 already in premarket
Too late to ride Citi? thoughts on entry under 6.50? upside potential from there?
“it is cash per share, divided by price, in order to isolate an identifiable ratio.
Gosh, it’s deja vu … we’re discussing real fundamentals! To be honest, I’m already sick and fucking tired of this bullshit, bear market.
Thank u kind sir.
thinking of the same thing as Bluth Co. Entry under $6.50, reasonable?
The feds have committed a total of USD$7.4B in cash and guarantees to bailouts…happy happy joy joy
Remember what happen to AIG when the Govt. decided to come to their rescue. Not saying that C is AIG but I would be cautious here.
The fed is doing a flea flicker
T MOE:
Apples to steak.
Fly-
PCR looks like they have plenty of cash but why to you think it is a better play than FLR?
I am hip deep for UYG…. This should be a good move until the end of the week. Anyone else in a good amount of UYG ?
I’d have to dig deeper T moe.
The EPS prospects for both blow.
In Citi @ 5.90… hoping to see $10+ at some point
sold out. regrouping. lets see what shakes out
Malaka – I’ve got a full position of UYG, but I don’t like it much. It’s too dependent on how JPM trades, and it’s starting to make my head hurt. After this ride I’m off to find something something new to trade.
Hey Fly that list you provided has alot of Chinese companies….odd no ?
This turkey rally has salmonella.
I know penny stocks are frowned on here, but a former $60 stock -DCGN – is climbing up from .23 to .35 on low volume. GS bought a tiny amount last week.
I have a massive amount and am holding for the long term, and for now it will also balance out my totally gay day salmonella rally purchases of BGU and URE.
http://i33.tinypic.com/aa9lpk.jpg
ps DCGN had all its cash in ARS at LEH so are dead without money from somewhere in the next 90 days. Should probably avoid.
What’s up with GOOG
WTF w GOOG?
how is goog going below fucking 250 ??????
It’s going to $220.
Last chance to sell for any longs. The market is being led by SILVER – what does that tell you? Yes, I wanta buy C and be partners with Hank Paulson and co. – a no divvy – single digit stock for years to come – who will own it? mutual funds? 7.4 trillion so far, no wait, Oblama wants another 1/2 trill and we haven’t gotten to BAC yet.
This rally is far from over. Oil up for once and Obama will disclose his financial cabinet later in the day. Load up to the gills boys.
bot 1000 goog 251.9
JEC FLR FWLT strong
Or GS.
Wow, what an underwelming rally
Here we go. QLD new highs, BGU about there too.
FCX makes tremendous sense with gold ripping and copper higher. Bot 5K FCX $20.32.
If the Q’s can break this $27.50 it’s going to be fun.
sld goog. etfs working too well. ill stick w etfs
850 comin. 820 cleared. huzaah.
Nice move up but no volume to support it. I am still a bear
nice goog pick up boomer..
I want my bailout now! Give it to me Hank! I want a million now! I got a mortgage to pay! Oblama says give it to me! We gotta be fair and treat everyone the same. We are all SOCIALISTS now!
gettin mushy
BOOM:
God has lifted his Lenten punishment from you. You may now begin to recover losses. I hope you learned your lesson.
sorry for so many posts, i’m on vaca w nothing to do.
i dont like GOOG being down. anyone thing that is a tell? thoughts?
the FCX gods have let me keep all my option write premiums AND the stock.
Boomer, you are loco, but nice trade!
bot 1000 goog 251.9
Forget about “Boomer.”
New moniker:
“Iceberg Ballz.”
Coach Cawfee would be proud.
___________
Boomer will not rest until Coach Cawfee is his personal driver.
With the jodphurs and hat and everything.
_______________
Special alert to all fuckers: Silver up 85 cents! — that’s 8.8%!
_____
If I had to make a prediction (and I have with my cash) I would say that money is going to start pouring into precious metals in the near future. The cost of these bailouts is a decimated dollar.