GE just got tossed into a highly trafficked highway, yet the market is green. And, JPM moved their earnings up. My guess, they have something good to say about the quarter; hence the stock is up.
Oil and gas stocks are up, in what can only be described as comedy—since they (energy stocks) are fucked either way. I swear, seeing XOM trade near $80, while oil is in the 30’s, is a fucking joke. Nonetheless, 50% of getting a trade right is having the patience to work through the fuckery, if you know what I mean.
Thus far, for the day, I nibbled at SMN and I shorted more XOM, just shy of $78.
Despite promising on a stack of super holy bibles and declaring to never trade 200% and 300% inverse etf’s, I am trading them anyway. They way I see it, I’m just doing it on a temporary basis. You know, like how a crack addict just wants to taste the crack pipe one more time.
I promise, after this round in the inverse funhouse, “The Fly” will take them off his monitor and never look at the magain. As you know, “The Fly” is a man of great integrity and discipline.
In closing, this market is for the birds. Go ahead, buy the dips—in asshole fashion. At the end of the day, you’re just borrowing my money. I’ll be taking it back from you in short order.
Top picks: Short XOM, SMN
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The Fly is God.
How about some oatmeal?
bastard…Zombie
there’s shit happening in currencies.
Sold the Euro when it went through 1.32 and sold the pound as well.
the financial index is up 0.16% and FAZ is down 5.44%.
that’s something to get pissed off over.
The bulls are trying to make a run, but there are not that many in the herd. I just don’t see that many buyers.
we’re in a triangle, symmetrical or otherwise.
“At the end of the day, you’re just borrowing my money.”
The Fly still got it 🙂
berry good
Thank you Fly, we always appreciate your donations into SMN.
PPT Top 15, market caps north of 5 bill:
No. Ticker Hybrid Score Market Cap
1 APOL 4.00 13,563,557,820
2 DCM 3.94 74,160,472,170
3 ENI 3.56 8,946,419,484
4 ZMH 3.56 9,407,259,502
5 RAI 3.49 11,462,833,196
6 BDX 3.47 17,329,255,804
7 XOM 3.45 394,571,372,859
8 ACN 3.42 20,485,945,553
9 BIIB 3.42 14,077,073,806
10 NTT 3.42 69,499,692,944
11 KFT 3.41 40,812,374,812
12 NLY 3.37 8,600,628,249
13 CTSH 3.35 5,847,042,309
14 BMY 3.33 44,244,322,613
15 MCK 3.31 10,996,530,396
Wall Street is littered by the bodies of those who were right too early……..
am i missing something or the XOM is in the PPT top 15?
Yes it is!!!
The system is very sensitive to short term moves in the price of crude. Out of all the oil names, XOM has the best fundies.
Now, I am not short XOM for its current fundies, which the system is using. I am short XOM for its future outlook.
Hence, The PPT is not just a computer program. It will be a newsletter/analytic engine, where human intervention, from all the tabbed bloggers, including myself, will read the tea leaves.
Fuck XOM.
Re: Citi and use of bailout funds…
http://tinyurl.com/7alepr
BAC eating pavement.
Friendly reminder:
# DEVILDOG Says:
Markets DOWN BIG tomorrow and closing at day LOWS.
January 12th, 2009 at 6:06 pm
I’m also going to thoroughly enjoy the upcoming CRASH to NEW LOWS in Feb/Mar.
You’ve been warned.
the fuckery is strong at the market open each day.
CECO looks like a good near term short for a few points.What do you guys think? Fly what does the PPT say?
Did I just hear that London has just recorded the largest jobs loss in the banking sector in recent history? or did I miss-hear that…..
this of course on CNBC brought to you by THE FUCKERY of hosts…..
Funny reading for your lunch – going to go eat a sandwich myself.
http://lolfed.com/
Nonetheless, 50% of getting a trade right is having the patience to work through the fuckery, if you know what I mean.
Agreed.
The other 50% is picking the right direction in the first place.
Dollar up huge today, and yet so is USO. I wouldn’t take this as a good sign for the earl earl-sines.
Just sayin’
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CECO scores:
Technical Breakdown
Accumulation/Dist. [?] 5
Price Performance [?] 1
Relative Strength [?] 3
Volatility [?] 3
Volume [?] 5
Overall Technical Score [?] 3.46
PPT Recommendation: Buy
Fundamental Breakdown
Debt/Equity [?] 5
PEG Ratio [?] 5
Price/Book [?] 5
Price/Sales [?] 5
Profit Margin [?] 2
Overall Fund. Score [?] 4.40
PPT Recommendation: Strong Buy
Hybrid Score
Hybrid Score [?] 3.86
Historical Scores
How has CECO scored in the past? Click here to find out.
PPT Recommendation: Buy
Jake my good internet friend:
You are rationalizing the fucked state of oil. It crashed through the floor boards yesterday and here you are praising it today.
What gives?
I don’t care if oil is at $35 or $45. I am not short oil directly. My point is: the underlying stocks are fucked. The bomb has already detonated; now those fuckers need to survive the nuclear winter.
The way I see it, I’m just doing it on a temporary basis. You know, like how a crack addict just wants to taste the crack pipe one more time.
Das’ dah shit ahm tawkin’ ’bout!
Doan’ TELL ME ’bout no muvfuggin’ PRO-gram, Flah!
Fugdat 12-step shee-at!
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Let me say, with absolutely no offense intended to any Houstonians, that Houston is a disturbing hellhole of doom. Having spent part of my rowdy youth there, I can say the titty bars were good, the Harris County Correctional system is not recommended, and scrubbing tar balls off your body with pine sol after a day at the “beach” is not a cherished memory.
PS – never marry a cheerleader, especially a southern one.
Does the PPT list correlation stocks, similar to the way Gio used to play his setups? and also inverse correlations ?
EEV is below pivot point.
Also, flying cockroaches the size of a small bird do not add to the ambiance.
Thunderpup! LOL hope you got to move somewhere else then.
Thunderpup, definitely agree with you regarding Houston. Never lived there, however, had a distribution center down there that I spent some time at. Horrible weather, hot and HUMID, bugs, terrible traffic, lots of crime, lots of fat people and with oil crashing that place is going to be a hell hole for the next several years. Big housing price decline will be coming there.
Generally speaking, most cheerleaders are good looking, have low self esteem and below average IQs. Perfect marriage material.
I would like a dime bag of FXP!
Boca: yes, one of the few to escape the vortex.
DD: can vouch for all of that.
Rally Monkey: you’re either a sadist or masochist, and I salute you.
Not no Zombie —
I got dat shit — dat’ll be twelf dollahs.
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