iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,442 Blog Posts

Fly Buy: GLW

I bought 100,000 shares of GLW, between $10.15-10.31.

Disclaimer: If you buy GLW because of this post, Obama will NOT cure cancer in your lifetime. And, you may lose money.

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47 comments

  1. jg

    fig

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  2. gappingandyapping

    I guess you are planning to buy a shitload of LCD TV’s?

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  3. Blow Up

    DXO holding above 5DMA. Government buying oil. Obama’s plan needs oil at least $60 a barrel to work. Think about it. This is grade school stuff. Use stops please.

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  4. The Fly

    $10 stop. Need a long, just in case.

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  5. InternationalGroupie
    InternationalGroupie

    GLW?

    Is it because for the past two months there have been two large accumulation and distribution periods, and if the pattern continues were due for a accumulation from here?

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  6. Joey Bag O' Homos

    Barney Frank is a homo. Oh wait, that’s not news. Sorry.

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  7. Phil_from_Brazil

    Fly, I see the rationale for portfolio diversification, but why Corning? I mean, did your kid drop a frosted flake on the Wall Street Journal, right on the GLW ticker?
    😉

    Explain.

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  8. sniper6

    Tupperware selling better than Corningware these days…

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  9. Henry Fool

    I for one am sick and fucking tired of all this shit I’m gonna start fighting market participants with my fists one by one! I only have 15% cash to deploy and I’m grumpy as shit bull. Your about to get stampeded by a massive rally.

    WE RALLY AGAIN TODAY!! YOU FUCKERS HEAR ME!!!

    Poof your bullshit bear landslide is over!!

    2:25 dow down 85

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  10. Cash-N-Guns

    ammo reloading schools will be the new RE schools…going long lead-brass, with physical delivery of reloaders.

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  11. Blow Up

    Corning is a price to book play. When the market is oversold at this point. Smart traders load up on price to book trades with tight stops. I did a few yesterday. Good risk reward plays. The FLY ain’t no amature boys and girls.

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  12. shortcover

    I remember when GLW tagged $1 and change in 2002 and the CEO issued a press release regarding how he thought the stock was oversold…those were the days…steals and deals

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  13. BeWater

    I suspect Mrs Fly makes the kids eat some organic stuff from Whole Foods, not Frosted Flakes. e.g. the Rainbow Rings my wife brings home. The little hole in the middle is perfect for ticker selection.

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  14. Henry Fool

    GET OUT OF MY FUCKING WAY BEAR SHITTERS!!

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  15. TheArtist

    I know you guys missed me like all hell whilst I was watching my movie and eating pizza…… don’t fear, I’m back.

    anyone done any in-depth research on CQB? it is in the shitter but was upgraded today to buy by BB&T.

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  16. Bulls have this one timed perfectly for a 3pm STAMPED!

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  17. Phil_from_Brazil

    Funny post, BeWater. hehe

    Cereal stock selection is awesome. 😉

    Just hope you dont look through that hole in your fruit loop and see the letters GE.

    You just might have to spit on the cereal gods for that. 😉

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  18. gappingandyapping

    Your gold bars are now my gold balls.

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  19. dude with common sense
    dude with common sense

    buys flr at 32.25 7 cents from the day low

    FLR BOUGHT 100 MARGIN $32.2499 $3,231.99
    FLR BOUGHT 25 MARGIN $32.2499 $806.25

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  20. dude with common sense
    dude with common sense

    and im still short 600 faz from monday at 74$

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  21. DRUNK&STONED

    Like I said yesterday,

    THE PHIL MARICON BOTTOM IS IN

    THE PHIL GE BOTTOM IS IN

    Get yourself a lot of K-Y jelly.

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  22. gappingandyapping

    For all the shit you fucks gave GW on the Internets comments you have to see the other side of the coin with the “Website Number” comments. Especially when this is supposed to be the most “Tech Savvy” administrations.

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  23. DEVILDOG

    # DEVILDOG Says:

    Rally through 3/5 to S&P 875. The speech was great! Much better than having to listen to a lying, cheating, scumbag, elitist bush. Fuck paulson too.
    February 24th, 2009 at 10:21 pm

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  24. Phil_from_Brazil

    Dunk&stoned,

    Your name says it all. How many dips have you been buying on the way down?

    I’m up 18% YTD as of right now, you teabagging clown.

    Short
    AMZN @ $63
    AAPL @ $98.73
    CPKI @ $11.25
    XOM @ 81.25
    DUG (long) @ 24.25
    BBY @ 28.50
    BBBY @ $25.56
    HOTT @ 9.20
    V @ 54.75
    NTRS @ 59.50
    YHOO @ 19.92

    Longs
    SWHC @ 2.41 (sold half yesterday @ 3.70 and am holding the rest for a move to $5.00)
    USO @ 24.00

    I’m not in this market to pick 1 day bottoms and sell for 3% gains. My strategy is bigger picture. I will cover some stocks along the way, but the DOW and the VIX havent reached the panic point yet. Sure there will be 100-200 pt rallies in between, and in the meantime, I will be buying hedges.

    Agora chupa minha vara, seu viadinho.

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  25. Blow Up

    They are calling for oil to go to $20 again. No one can call oil in this market. If it does go to $20 we will never come out of this ression. Obama’s plans can’t work! Who will buy solar and green shit. China will move the price higher. I look at Oil as a trading stock. I plan to make money when it goes up and down. So don’t think I am a oil Bull etc. If we get inflation it will be oil that goes up along with gold and since oil is so low you should do better.

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  26. Henry Fool

    Get long some shit NOW!!

    PPT will be spitting out buys like hand guns at a Cabelas.

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  27. Henry Fool

    Shorts are fucked on a spindle!!

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  28. Cash-N-Guns

    bank shorters being roasted with charcoal and napalm…short squeeze of massive proportions possible..gold is toast until it gets to 700.

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  29. Phil_from_Brazil

    Cash-n-guns,

    I hope we see gold at 700. I missed this whole rally and love gold, but not at $900+ when we’re in a Depression. Gold will meander in a range probably for a couple of years before inflation really starts to rear it’s ugly head. Below 850, I’ll begin buying gold for the long-term.

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  30. DRUNK&STONED

    Phil, dude, chill out man. take a xanax. Your 18% is going away. Also, when you curse, do it in english. That way everyone can understand.

    Thank you for calling the bottom, asshole.

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  31. gappingandyapping

    Banks could rip now.

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  32. punyandy

    Fuck you, Bears. You are dead.

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  33. Henry Fool

    Phil_from_Brazil

    can I interest you in Long SFLY?

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  34. gappingandyapping

    On second thought fuck the banks.

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  35. The Fly

    I like SFLY here. I may buy it tomorrow.

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  36. Cash-N-Guns

    someone smash pete najarian and rip his faggot pony-fuck-tail off..complete jackass

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  37. to cash-n-guns

    what about his adorable bro?

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  38. bulls are dead

    trap was set…

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  39. TraderCaddy

    SMH was the etf play today (no 2Xor 3X BS).
    ITB or XHB (homies etf) for tommorrow.

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  40. TheArtist

    just a note and it has very low trading volume, but since CAB went apeshit on its earnings (from gun sales) up 40% since last friday, Gander Mountain is the same type store as CAB….symbol GMTN, might be a play as well, I just went to my local gander mountain, they can’t keep guns on the shelves and they were completely out of 9mm x 19 and some .45 and lots of other caliber rounds.

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  41. Henry Fool

    Fly:
    I’d love to have you bless SFLY.
    The more you think about their story he more you’ll see huge upside potential.

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  42. TheArtist

    Henry Fool, I kinda like the idea of Crocs coming out with desert camo crocs and selling them to the military’s in Africa…….under contract of course.

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  43. Woodshedder

    Wow, bulls, wow.

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  44. been laden

    Obama talks ..market tanks

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  45. TraderCaddy

    This guy (Obama) really hates Wall Street.
    I am convinced and to all the young voters who voted for him (the majority) wait until you see the debt and individual freedom restrictions you voted for.
    Good luck with that.

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  46. Great American Patriot

    20 million assholes buy homes they couldn’t afford and the sweet talking Kenyan only wants to point his skinny fucking finger at wall street. Has he ever even implied the 20 million assholes share any responsibility? No, he wants to reward those assholes by taking money from the rest of us so it’s easier for them to make their mortgage payments…and 50% of the the fucking deadbeats are going to re-default anyway a few months from now.

    The sweet talking Kenyan is turning this once great country into a communist cesspool banana republic.

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  47. ottnott

    TheArtist: GMTN also features massive short interest. http://www.nasdaq.com/aspxcontent/shortinterests.aspx?symbol=GMTN&selected=GMTN

    2.4 million short. If Yahoo is to be believed, total float is 6.1 million.

    Only 1/4 of shares outstanding are in the float. I didn’t look into who held most of the other 18 million shares. It is possible that those holders are responsible for many of the short shares and would not be susceptible to a squeeze.

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