Up another 3.64%, despite sleeping in, drunk, hungover.
In short, “The Fly” closed out the much celebrated, often doubted, Turkey Rally at new all-time highs, up more than 80% year to date.
Off to go support this bitch of an economy, via egregious purchases at BBY.
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Did you make any moves today and do you think we can possibly go higher on Monday after being bid up this much this quick?
McClellan Oscillator reading 223.96 today. Good for 2-3 down days this coming week, then we kiss DJ-30 10k before hyperinflating down an elevator shaft in 2009.
I bulked up on AUY, NOV, and MOS today and plan to sell some MU, RIMM, and HPQ into strength on Monday while hedging in my gains via SDS, DUG, FXP, and TWM.
Reverse Texas hedge????
Both my hedges and my longs are green today.
Congrats Fly.
A little favor, please. Why don’t you get just a tad bearish for me, on Monday? Pretty please?
AUY at daily 50sma today.. We could get a little bump early Monday morning but I am showing selling starting later in the day Monday and Tuesday.. The market retracing some of these recent gains should be the culprit. Mclellan has only been this high twice since 1987. but monthly charts are showing a continued bear market rally for the next 2 weeks once we get passed this weeks selling.
The Fly is God.
(Going long BBY after hours)
You called it Fly…I concede. What’s in the Fly’s head going into Monday?
He’s probably going to stay long and ride the bear market rally into Christmas.
I’m going short this week, because the market will punish those who think everything is fine, and remind us The Great Depression Version 2.0 is coming.
The Fly’s got yo money.
OL Dirty Bastard style
http://www.youtube.com/watch?v=isfmKb_RP7U
What would Tim K. do?
Just in case you’re worried about my SHORTS you bulltards need to know that 80% of them were done at the 9/19 price levels. I’m still totally SHORT and waiting patiently for my price target on the S&P which is much lower than 741. Totally unimpressed with this week’s rally. However, due to SSF very predictable. Something to ponder: Where do you think the S&P will be in December when the TNX hits 25? Figure it out yourself. I’m not telling. December is going to be the BIGGEST market fall in history with at least one 1000+ DOWN day thrown in for fun. I only play the BIG swings. Enjoy your little day trading games.
dDog – Glad to see you back in the face of the 20% rally off the lows, and taking your losses like a man.
I’m with the others; prolly we gap up Monday morn, but I say the day ends down, with downside follow thru Tuesday. I laid out a few shorts today and bought some short ultras. If we gap up Monday, I’ll go for the triple bear plays for a trade.
CHK bloody for a mere 4 hr session. Can’t wait for Monday.
The attacks, which began Wednesday night when gunmen invaded two posh hotels, a restaurant and several other sites in downtown Mumbai, came as India was struggling to contain fallout from the global financial crisis.
Foreign investors have already pulled $13.5 billion out of the nation’s stock market this year, driving the benchmark Sensex index down 57% and punishing the rupee. Liquidity has dried up, economic growth is slowing and people are spending less money.
The attacks are “a challenge to the economic resurgence in India,” said Habil Khorakiwala, chairman of Wockhardt, an Indian pharmaceutical company.
Just like we had 9 straight downdays, the market may not oblige you with a mere FIVE straight updays, so I wouldn’t get my water too hot if I were you.
I advised this board last week ( 15% lower
from the current level) that we were at a GENERATIONAL BOTTOM, and advised you all to buy beaten-down stocks like X, TIE, FMC, HL for the LONG HAUL.
These stocks have rallied 50% from where they were 8 calendar days ago. You could have made MEGABUCKS listening to me.
Though we are now off the generational bottom and some short trading is not as insane as it was when I called the bottom, I venture to say that with the trillions being pumped into the global financial system the stock trend is now sideways to up.
Gee another GENERATIONAL BOTTOM caller. WRONG again.
SRS at $120 today; just LAST WEEK on Thursday, Nov. 20th it would’ve costed you $260 bones for that same share.
54% discount in 7 days. Did CRE fundamentally strengthen in that time period when I wasn’t paying attention?
While Jimmy-Wayne & Sissy-Lynn were headed up to Wal-Marks to get them some discounted fishing line, beef jerky and $3 Dumb & Dumberer DVD’s during todays Black Friday sale,
El Scorcho was busy buying the deal of all deals.
SRS @ $120
Generational Bottom Predictor:
Thanks for the prediction, you are my cue to go 100% short.
Harvard endowment loses money. There is a god!
You can bowl down the aisles at my BBY. I sat and watched 45 minutes of Scorese’s Rolling Stones movie last week without as much as another customer in the store.
It was nicely remodled, btw. And they opened a musical instruments store where car audion used to be. Guitars, drums, keys, amps, etc. Like a mini Guitar Center. GTRC, remember them?
Historical ranks up for PPT now, albeit just previous 20 sessions.
As I already knew, it is amazingly accurate.
Here is the scores for last 20 sessions in PCR:
No. Date Close Technicals Fundamentals Hybrid Score
1 2008-11-26 17.58 3.05 4.6 3.7
2 2008-11-25 15.3 2.95 4.6 3.64
3 2008-11-24 14.27 2.7 4.6 3.5
4 2008-11-21 12.97 2 4.4 3.01
5 2008-11-20 12.49 1.45 4.4 2.69
6 2008-11-19 12.54 1.4 4.5 2.7
7 2008-11-18 13.85 1.35 4.5 2.67
8 2008-11-17 13.2 1.5 4.5 2.76
9 2008-11-14 14.42 1.75 4.5 2.91
10 2008-11-13 14.05 1.3 4.5 2.64
11 2008-11-12 13.3 1 4.5 2.47
12 2008-11-11 15.04 1.1 4.5 2.64
13 2008-11-10 15.55 1.3 3.9 2.48
14 2008-11-07 16.72 1.1 3.9 2.37
15 2008-11-06 17.79 1.3 3.9 2.48
16 2008-11-05 19.27 1.35 3.9 2.5
17 2008-11-04 19.95 2.1 3.9 2.92
18 2008-11-03 19.57 2.3 3.9 3.03
19 2008-10-31 19.02 2.1 3.9 2.92
20 2008-10-30 17.04 2.1 3.9 2.92
How’s the one nursery rhyme go?
We all Fall down! Taxes must go up because almost every city and state took on too much debt..and they are not willing to cut programs..and even if they did cut they still owe all of that debt…Higher taxes in a deep recession = Depression…Follow DevilDog down to the mid 6000s…
I can’t hold it in any longer!
The ultra-short ETFs were just looking for an excuse to crash. Can u spell “screw job”? I saw it coming.
Essential FXP Reading:
http://siteresources.worldbank.org/INTCHINA/Resources/Quarterly_December_2008.pdf
This perma-panda will see you at DOW 6500 sooner or later.
Fly, good call on PCR. I took FLR instead.
EBS doing well for me too.
So is my UYG Christmas money buy write.
FCX is bothering me, something doesnt seem right.
all my Bull put spreads could not have worked out better. especially with the vix getting crushed.
Ps. are you taking anymore investors under you management? Not for me but former client of mine(I was with Wachovia Securities)(dont worry, he is an accredited inv.)
OK you greedy fuktards, I’m pre-programming some higher sell triggers to lock in the “short-squeeze-vice-grip-of-death” gains and set some stop losses just in case. If I miss a continued upward swing, so the fuck what, I’m not in the mood to risk having my ass lobbed off.
Time to set up my double edged sword. I’m going to win either way so fuck off.
Happy Thanksgiving weekend. A special shout out to that fucking bald headed piece of shit stuttering moron who heads the US Treasury. When the history books are written on this period, we’re going to learn that Hank Paulson is the person most responsible for this fucked up economy. I hope the man gags on a Turkey bone and dies a horrible death before the weekend is out. FUCK HANK PAULSON.
DD is nothing more than a cleverly crafted troll.
Congrats on your bullish turkey call Broker.
Now the fun begins!
Is Africa a country or a continent?
I am preparing for my 2008 debate with Barack Obama.
You jes’ wait til the Messiah come inter offerce.
When tha Messier come inter offerce, we’ll all be getting the speshul vaniller puddin for dessert.
Free.
This’n hear turkey rallah woan be nuthern comparatible to et.
_____
Looken here, they’s brangin the statchoo in bah barge awready.
Fer tha n’augrayshun.
___
No worries, Dimwit Obama Cultist. And no need to wait; I’m already running the shoe. Bush gave me the go-ahead. He said he was too busy playing conductor with Cheney.
short the fucking dollar….please.
Slope of Hope is an excellent blog, check it out!
CNN Article on Black Friday Results – Taubman Centers, which operates 24 shopping centers in 11 states, said transactions at its facilities were slightly higher than last year on average.
Among Taubman’s facilities are the Beverly Center in Los Angeles, Woodfield Mall outside Chicago, and the Stamford Town Center in Connecticut.
Taubman said electronics, apparel and moderately priced jewelry appeared to be the big sellers at its stores, with several malls specifically reporting demand for women’s Ugg boots.
Thanks you Mess-ire! Thanks You!
DECK boots for evry’un! For Fairness!
Itza nooooooo daaaaayyyyy!!
_____
Slope of Hope is NOT a great blog. It’s an adventure in homo-blogging, led by a retarded host.
Oh, Mis’ser Flah, Mis’ser Flah! Ah ahm so heppy you woked up frum you drank!
Do not wait! Do to UN-Pressy-dented demand, there is a limit!
Onlee TWO plates per caller available! You mus call now Mis’ser Flah!
_________
I sukcessfully trolled Fly. Woohoo, I win!!
If I put pictures of Obama on my empty soda cans, I could sell them.
Ah, how I yearn for the days when all I had to worry about was Lawrence Taylor having a bit of an eight-ball hangover…
Now the dumbasses are shooting themselves…
______
U.S. ‘Black Friday’ Sales Rise 3%, ShopperTrak Says
http://www.bloomberg.com/apps/news?pid=20601087&sid=arRTxyMCNil4&refer=home
WooHooooo! 3%. Screw the prophets of doom!
http://tinyurl.com/fundamentals1
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