Fuck all of you coffin lovers. Me and my boy Swan are going to make some money soon, on the long side.
Despite this economy being the laughing stock of the world, it’s still not the shitter, like Russia and Europe, if you know what I mean. Quite simply, the rest of the world is deserving of a few hundred cluster bombs, dropped on their respective domes (you can use that phrase straight up or street slang, whichever you prefer).
While it’s true, President Obama is death to the markets, mainly because he is continuing and accelerating the bullshit policies of Bush. It’s also true that humans like to feel good about themselves, every so often. So, with the warm weather coming in and gas prices nice and cheap, we may be set up here for one fuck of a rally.
Either way, I will not invest more than 50% of my assets on the long side. Nonetheless, into a rally, you might want to bottom fish some cheap stocks, like PCR, ERTS, TTWO, CLF or fuck around with some levered etf’s UYM and TNA.
Believe me, I am tempted to buy 100,000 GE at these levels. However, their finance arm, GE Capital, is a fucking black box. I cannot put money into a black box.
For the most part, I want no part of the banks.
Other dice rolls include, but not exclusive to, UNH, HUM, FWLT, FLR, JNPR, WFR and ATHR.
UPDATE: Denninger is on fucking fire tonight.
If you enjoy the content at iBankCoin, please follow us on Twitter
How about a slug of FAS?
Fuck you and FAS.
AApl?
Meh. AAPL is for Howard.
BOOM really is dirt cheap. They had a great call and report. Won the biggest contracts in company history, no let up in end markets. Paying down debt. I’m not sure if a hedge fund blew up and was forced to liquidate, or what, but this sell-off is unwarranted.
I got in too early (and in front of the vicious sell-off) and can’t win more. But someone getting in at $5-6 is gonna have a double in 2 wks. That’s my thought, anyway.
Boom
But they have very little cash.
Fuck you and your water shoes, and ERTS
Banks are for homos in pink dresses.
Here’s one to run: DIOD
Did you see how much debt they retired?
Fuck you and your loud ass mother fucking barking dogs.
There is a stealth rumor going around that there will be an ass kicking rally developing, taking the SPX towards 1000 & the Dow towards 9-10k.
Boom
Save me the trouble
Give me up to the minute debt vs cash positions.
I say we “Short SMN” for some well deserved gains.
forex is signaling a slow rebound in commodities (or high yielding currencies like EUR,AUD,NOR) as weak bulls in commodities get panic from unusual plunges that are always bought.
edit: fuck you too bitch call the cops…
GOOG anyone?
Fly:
— Explosive Metalworking segment reports year-end backlog of $97 million
— Multiple large contracts awarded from alternative energy, aluminum
production & power generation sectors
— Full-year operating cash flow increases 82% to $34.0 million versus
2007
— Corporate liquidity strengthened through a 32%, or $21.8 million,
reduction in net debt
— Preliminary full-year EPS reported at $1.91 versus $2.00 in fiscal
2007
Rick Santa, senior vice president and chief financial officer, said, “The cash generating capacity of DMC’s business model was clearly evident in 2008, when we reported operating cash flow of $34.0 million, an increase of 82% versus fiscal 2007. Our liquidity allowed us to reduce our net indebtedness at Dec. 31, 2008, to $46.3 million. This represents a reduction of $21.8 million, or 32%, versus the end of fiscal 2007. We are encouraged by the strength of our year-end balance sheet, which included cash and cash equivalents of $14.4 million. Moreover, we had no outstanding borrowings on roughly $35 million in available revolving credit facilities. Despite the current economic crisis, we expect to continue generating strong operating cash flow in fiscal 2009.
Stocks near cash interest me.
I have a nice list of cash rich names, some of which are named above.
The aussie is potentially in serious trouble. The banks here have $570 billion in short term liabilities they have to fund between now and 2010 in the offshore markets.
New Zealand is Australia’s sub-prime problem.
Atlas – I likes the look of your DIOD . 6.40 stop & she’s good to go.
ok. But they still have more debt than cash, from what I can see. And, their backlog doens’t mean dick in this environment.
Someone on here tipped me off to KHD – it’s infrastructure, chinese burrito, tons of cash, and no debt all wrapped up into one.
Unfuckingbelievable. All you fvckers think this market is going to explode to the upside tomorrow. I am going short in the AM in a most egregious way. Short FAS long FAZ short WFC BAC JPM GS SPG VNO BXP HIG MET PRU. I won’t cover till Dow 5000.
CAP- Can’t happen didn’t you hear Cramer say so.
Stretch out bro…limber up!
Actually you and Phil have been right on for the last month!
Even DDog caved in. Nice work.
CAP,
Woe unto the bears.
We are oversold and due for a bear market rally. There is support for DOW 6500. Money is coming back.
Where can I track the money coming back into the market?
Cheers
DRE has a 22.32% dividend.
Jesus titty F#@#ing ……. My little stem cell heart repair technology development compnay jumped 81.82% in AH on friday. I need to pay closer attention.
I still like your ISRG call…lots of cash…stock repurchase just announced…monopoly in their field…hospitals NEED to stay competitive regardless of cutbacks…any takeover rumor mill can pop this puppy quick…blah, blah, blah…
FWLT signs contract after contract but the stock kept getting pounded until Friday when they had an investor day and the stock was up 15% +. It can easily double from here.
Wow, Canadian autoworkers have a tentative bargaining unit agreement with GM to freeze wages through 2012.
Recession is when your neighbor loses his job.
Depression is when you lose yours.
Recovery will be when Obama loses his. (Probably should add Pelosi and Reid, too)
On DIOD, watch your aroon down(4). It’s close but no cigar yet–also a lower high–maybe with a 2/3 cross tomorrow and reversal to up.
Rex –
Look at the sidelines – that’s where you’ll be able to see the massive amounts of money coming back into the market.
To keep track of the amount, tune into CNBC.
ROFL
Cnbc will tell us how much money is on the sidelines, indeed.
During this decline, no network has embarrassed themselves on such a monumental scale, like cnbc.
Fucked watch
http://www.bloomberg.com/apps/news?pid=20601101&sid=aRnSCjmi1ues&refer=japan
Japanese bank lending slows gain.
GRMN has a book value of $10.57 per share and is trading at only $16.68 and has a 5.10 fundy score from the PPT.
I see a bunch of stocks that have been in uptrend channels since the November lows. AKAM, DNB,FCX,SYT,NVDA,& ABAX to name a few.
Much as I ballyhooed 6500, I don’t think there is a whole lot of support there.
If it’s going to bounce, it better bounce soon.
FWIW, If the market climbs, then a short DUG will do very nicely.
Great list Goldie,
Care to tell us how to find such a list, besides going through hundreds of charts manually?
KK,
FINVIZ is awesome for screening stocks.
http://www.finviz.com
I understand your “black-box” theory, but Can you honestly tell me, Buffet didnt swim in GE financial documents for DAYS before giving them a penny? I think the fact that buffet was willing to drop money into GE @ levels almost 4 times what they are now, would say that its a deal of a fucking life time.
In closing, buy the fear.
buffet’s shop probably did a decent job with their analysis. they just didn’t account for the fact that a huge chunk of the balance sheet was going to go away essentially overnight, triggering the credit watches and downgrades. if there was no threat of (and reason for) credit downgrades, we wouldn’t be sitting here right now.
Regardless, GE will get pulled along by an inevitable rally. Sometime soon,I hope, getting sick of this Doom and Gloom shit.
THE RALLY WILL BE THE BIGGEST THING SINCE GAY GIRRAFE’S and PINK BASEBALL BATS.
It will be all the rage.
There are a few ways to measure market breadth. I use the weekly chart of the McClellan Summation Index and do TA on that — especially with OBV and RSI.
No rally in financials. The banks are going to zero. The Obama government has conspired with hedge funds to drive the banks under. Everything thing Obama and his admin have done since taking over is geared to driving banks under.
Hedgies were huge Obama campaign donors. There reward will be becoming the new titans of the financial world. Drive all the Wall Street and major banks under. Then allow hedge funds to swoop in and acquire bank assets for pennies. Banks will be nationalized and then privatized under the control of hedge funds. This was the plan all along.
Obama is practically encouraging people to default on their debt. Who will this hurt ? The banks ofcourse. People default in mass and the banks are done. I will continue to short banks. BAC WFC JPM GE are done.
Goldie,
Great resource. I’ve been looking for such tool for a long time! Thanks.
i don’t think obama ever planned to sink banks, i think hedge funds felt it was a real possibility and knew obama’s ideology would help their cause.
What are the odds the market pops this week on the mark-to-market hearings? I’m taking down some FAS TNA tomorrow. LOL!
short AAPL with impunity …
Holy schinola, Fly, you’ve driven Lady Gee over the edge — unmedicated style — with your unbridled optimism, ovah heah.
She’s gonna drive her Twitter account off the cliff, I think.
Please tell her about the ironic distancing thing you do…
_________
hahaha jake
nvrmnd
MON and UPW for me.
While the 1/2 White House don’t target stocks or even give a shit about asshat stocks, it has sent none other than Warren Bee to appear on CNBC, defending the homefront.
Odd, no?
btw, what ever happened to that crazy kiwi, whats his name ?? …. the founder of ‘odd, no’
I think LG is incapable of understanding ironic distancing.
This rally is gonna be like GAY GIRRAFES with PINK BASEBALL BATS up their ASSES. LOL.
btw, what ever happened to that crazy kiwi, whats his name
John Key? He was my trading assistant for a time and has now been elected as NZ Prime minister. He used to pick up my car from the service. True. Odd, no?
ah, i remember ….. Ducati … wherefore art thou, Lord Duc ?
Fuck Warren Buffet and his Farm
Fuck Warren Buffet and his Candy Store
Fuck Warren Buffet and his Dairy Queen
Fuck Warren Buffet and his 2003 Buick Skylark
mrkcbill, I was just thinking that exact thing.
Fly, what are your thoughts on just buying a boat load of GM, closing your eyes and just waiting this out for a few years?
Laugh all you want, but a 2003 Buick Skylark is widely recognized as a pussy magnet when it comes to rides.
Ol Warren has his priorities straight.
Mark this post, ADBE will be owned by someone else before Q2 2010
mrkcbill has a man crush on Warren Buffet.
fuck you, the rich is for the privileged and elite only you inferior clowns.
BTIM– is my speculative PICK OF THE WEEK! NOT for the faint hearted!
Obama’s policy will encourage investment into stem cell companies, said Michael West, the founder and former chief executive of Geron Corp., the first company to use human embryonic stem cells after they were discovered in 1996.
“As the entrepreneur who was out there trying to move the industry forward, the Bush policy massively impacted the willingness of investors to put up money,” West said in a telephone interview yesterday. “Many of us hope this will spawn the new era of regenerative medicine we’ve been waiting for all these years. What a sigh of relief.”
West’s current company, Biotime Inc., based in Berkeley, California, is selling 88 cell lines carrying genetic diseases, including muscular dystrophy, Huntington’s disease and multiple sclerosis. The cells were created by a Chicago fertility center from embryos left over from in-vitro fertilization treatments.
FAS = Ticket on the Titanic
FAS is looking tempting at these prices. Think I’m gonna start building a position…
I”M RICH!! I’M RICH!!
Done for now.
Thanks SMH.
Watching a daytrade into KRE (regional bank etf) and ITB (homies etf).
Daytrades only.
If we end up on the day I will fucking do cartwheels. Fly I bought PCR as a trade at 10.48.
Filled Buy PCR Limit 10.48 — — 09:31:38 03/09/09
U.S. Senator Krudlow????!!!!! You gotta be kidding:
“For instance, Larry Kudlow, a conservative economist who is considering a run for the United States Senate, is the co-host of an 11 a.m. news hour. Three CNBC employees, who insisted on anonymity to discuss internal deliberations, said that the role of opinion on the channel had been a subject of frequent discussion.”
http://www.nytimes.com/2009/03/09/business/media/09cnbc.html?hp
Mustard seed platform
Bac’s bid from the Barrons piece could end up taking this market higher, i think.
Krudlow v. Dodd
Ex- druggie v. Liar and Crook
I’ll go with the ex-druggie over the crook.
At least I believe he is honest (wrong many times but honest).
Plus he has actually worked in the private sector unlike Dodd.
Fuck BAC and Fuck Barrons. Barrons knows shit. I kept some of the issues from 06 thru 08 when I used to subscribe. It is amazing how wrong they were on almost every call they made. I have made a lot of coin doing th opposite of what they print
TC-
Although I can’t stand Kudlow. I am with you on that one. politicians like Dodd are the worst criminals. The druggies fucks himself. The lying Crooks fucks everyone else and with a smile
Warning: shameless smallcap pump attempt forthcoming! Fly, if you’re looking for good cash rich plays you should look at EDCI. They’ve closed on the sale of their US operations for $26mm in 4th Q which should leave them with a net cash position of roughly 68.7mm or $10.26/share. This assumes they were cash flow breakeven in the 4th quarter (traditionally a cash building quarter). They also have roughly $300mm in NOL’s. Dan Chapman, an activist hedge fund manager and the largest shareholder, just got himself appointed as CEO and has been cleaning house in the executive ranks. Plus, the company is currently in the market buying back the stock.
You’re still right on this one, despite today’s gut-check.
We stayed above 6500 and rallied.
I’m still an asshat for saying it would happen.