Naturally, all thanks and praise to Mother Market, as soon as I “got drunk and bought stocks,” the market topped out and went by way of sewer pipe. However, much to your chagrin, mostly, my positions went unscathed, with big coked out gains in ODP, CROX, GMXR, CIEN, CRR, amongst others. Also, chagrining you even further, my shorts did well too, with gains in FXP, SRS and FAZ.
Truth be told, the market may pullback a bit, following the most recent run. Into the last hour, I took profits in a variety of names, such as TER, CIEN, CRR and LDK.
You can say what you want, when you want, and use poor grammar when doing so. Nevertheless, you need to know “The Fly” wins all the time, regardless of what some of my enemies may say, by way of rumor mill.
I have many enemies, over vast swaths of land, worldwide. These monsters try to hold me back, on a daily basis. However, I fight the good fight and bowl on them from a distance.
In short, I will be a dip buyer.
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Fly,
What is your drink of choice to get wasted from?
Today was a glorious day for myself as I did not get caught up in the tick by tick and set an 8.49 stop on my FAZ to remove emotion. Into the bell I bought a tiny MS position to go along with my FAZ and GS short. All in all it was a good day in the neighborhood but it looked like a long failure in the market.
Fly,
If you truly are a “dip buyer”…let it be known that the Zombie is not for sale.
Jed
Apparently, WTF hour works both ways. Just like old times.
Defeat those haters, Fly. And, tune into my program tonite for revelations on financial fuckery in America today – I bet GS wanted a late sell-off today. Furthermore, why don’t you play a little SMH and TNA?
A little shout out to Maw for her perspicuity, let’s see how she does with Amazon. (Maw can’t read from the Kindle, she tossed that fucker straight across the room).
BEHOLD!!! THE FLY TOP IS IN!!!
Whats Woodshedder Godly technical analysis is saying?
Fly, call in tonite – seriously, use Horatio Clawhammer as your name – looking forward to it.
Woodshedder, like a clock, is correct every so often.
Mr. Turner:
I will do no such thing, since I will be busy burning incense and eating grapes.
BRCM going nuts to the upside in the AH.
Well, Mr. Fly, the invitation remains open – you can burn incense and eat grapes at the same time, no?
Jed had drunk sex with Susan Boyle
A little shout out to Maw for her perspicuity (sic), let’s see how she does with Amazon.
Maybe she can get you a dictionary with her winnin’s? 😉
I bet she’s always lucid, but only perspicacious regarding crystal ball stock picking.
___________
Short all day and did not sell shyt. Never even thought about it.
Xilinx sees Q1 revs -4% to +4% sequentially or roughly $379.2-410.8 mln vs 376.5 mln consensus —–>Indeud.
Sorry, that was me with the vocab erreur (sic) correction. Not sure why my name doesn’t show up sometimes…
________
Novellus beats by $0.04, misses on revs (17.26 +0.61)
Reports Q1 (Mar) loss of $0.47 per share, $0.04 better than the First Call consensus of ($0.51); revenues fell 68.6% year/year to $98.9 mln vs the $101.7 mln consensus. Bookings in 1Q09 were $77.8 mln, down $4.9 mln or 5.9% from 4Q08 bookings of $82.7 mln. “The economic environment continues to be challenging and we remain disciplined and focused on cash flow and cost containment. We are cautiously optimistic that our customers’ order activity levels have stabilized and are beginning to rebound, although still at relatively low levels compared to our expectations.” —-> Indeud.
TriQuint Semi misses by $0.02, beats on revs; guides Q2 EPS above consensus, revs above consensus (3.59 -0.02)
Reports Q1 (Mar) loss of $0.11 per share, excluding non-recurring items, $0.02 worse than the First Call consensus of ($0.09); revenues fell 20.2% year/year to $118.9 mln vs the $114 mln consensus. Co issues upside guidance for Q2, sees EPS of $0.02-0.04, excluding non-recurring items, vs. $0.01 consensus; sees Q2 revs of $140-150 mln vs. $137.83 mln consensus. “We are now seeing signs of inventory normalization in some of our markets which should translate into stronger demand in the coming months. While first quarter sales and factory utilization were low, excess inventory both in the channel and at TriQuint was largely burned off. —-> Indeud.
Fly-
Is your new found bullishness just for the short term? Do stocks still end 2009 lower as you have been saying or has that changed also?
NETGEAR beats by $0.13, beats on revs; guides Q2 revs in-line (12.57 )
Reports Q1 (Mar) earnings of $0.05 per share, excluding non-recurring items, $0.13 better than the First Call consensus of ($0.08); revenues fell 23.3% year/year to $152 mln vs the $138.9 mln consensus. Co issues in-line guidance for Q2, sees Q2 revs of $135-145 mln vs. $137.29 mln consensus. Co said, “We expect our US and European distributors to continue to reduce their inventory in the second quarter. However, we anticipate that US retailers will increase their stock levels towards the end of the second quarter, in preparation for the back to school season beginning in mid-July.” —–> Indeud
LRCX—–> Indeud.
AAPL—-> Indeud.
UPS tested the resistance and was found wanting.
Indeud!
__________
AAPL playing the conservative guidance game again, but not as bad as in the past IMO.
XLNX,BRCM could mean chip-o-rama tomorrow (SMH).
My technical analysis is godly. You will have to look through hundreds of posts to find one or two where I have erred.
I posted Thursday that longs should proceed with caution. That post will mark an intermediate top, within a few hours, or my name is not Woodshedder.
Blow me.
FLY wins again!
goddam, was the entire point of the past 2 trading days to fill a fucking gap down on Monday? LOL.
Senor Fly – What are the rumors of Armageddon of which you speak? Is this some Russian/Georgian thing?
If AAPL opens below 125.85 tommorrow I will be shorting it.
AAPL bringing weak in A/H….
What’s wrong with you people? Can’t you see what’s happening? It’s as clear as election day is gay.
Whiskey is a good way to cure a bad day and a excellent way to celebrate a good day. After all, none of us are getting out of here alive. Enjoy everything you can, while you can and keep on smiling.
Oohhh shit, I see some tension between the Fly and Dr. Woodshedder.
You guys better settle this like “gentlemen”.
Like in the years before, whoever gets it right, gets headline power for a day?
Do it! Do it!
In the past a lowered Revenue,EPS, and margins call would have taken AAPL down 10% in the AH and it isn’t happening and thus it only has one way to go (and shorts covering will help).
Yes, Big Mike is right.
Settle it in a pulled pork eating contest.
good luck being a dip buyer …… I will sell to you!
New thesis for Fly – buy Asia?
Fly if you had to be in cash in one currency right now what would it be?
Fly vs Woodshedder
I thought you were out of SRS?????
GM closing ALL it’s plants in the U.S.
Where are those Armageddon posts Fly?
I bought some back the other day. A little higher.
What the F are you talking about drinking.
I breathe on grapes for 10 seconds and they turn into wine.
Fly,
Curious about your thesus on LVLT.
I’ve been adding since the mid-0.60s over the past 9 months, basically on a “going concern” bet.
I was getting restless until it popped its cork last week; just curious what drew your eye to what is – not to bash my own book – such an obvious turd.
Yes, the good ole days of headline power.
If we trade higher tomorrow, I expect Fly’s headline to read THE WOODSHEDDER BOTTOM.
If we go lower, well then Fly will be choking on some baked beans and and pulled pork.
Talk more doom stuff – Iran about to be bombed by Israel – Switzerland near bankruptcy – banks running out of tricks to cover up insolvency – more stuff like that.
Fly,
Despite the good news from the semi front, the market has begun Major WaveB down and looks like it has just started intermediate wave3 of 5 in the first leg (A) of three (ABC). This A leg down could take us to 805, the B leg up to 840 and then the C leg back down to at least 765-770. This process could take about four to five weeks … estimate 5/18-5/25. Take a trip and when you return, Major WaveC should be under way. Good news there is that that wave should carry us to around 1100!
follow up on that NTAP thing earlier, Barron’s tonight:
NetApp (NTAP) CEO Daniel Warmenhoven has sold about 20% of his stake in the company. Warmenhoven entered into a selling plan in March and has already disposed of $21M in shares this month, most of them acquired through options. Since April 3, he has sold 1.25M shares that he owns through a trust at an average per-share price of $17.08. Warmenhoven still holds more than 6M shares, or about 2% of the company’s stock, Barron’s reports. Before this most recent selling spree, he had sold less than $8M in shares during the prior two years, according to data from research Website InsiderScore.com. The company said in a response to questions that “Mr. Warmenhoven had options that are expiring in May 2009…Warmenhoven has been with NetApp for almost 15 years, and historical options have a 10-year life span.” Mark Kelleher, an analyst at Brigantine Advisors who rates the company at Hold, says that Warmenhoven’s sales should not alarm investors. But Jason Raznick, a vice president at StreetInsider.com, called the sales “alarming,” because he is “selling such an immense amount of stock.” NetApp has been rumored as a possible takeover target, but Raznick thinks the selling could indicate that “no acquisition or deal is imminent.”
Fly Society Superstarz – http://www.youtube.com/watch?v=bK3YAdwnjNc
Fly,
The run is over and the deflation play is now on. Look into cashing in all the useless frothy names you own asap. Oil will resume its downtrend very soon. Semis are just a tiny fraction of the overall picture and they will be nailed down soon enough.
The fundamentals will soon catch up and the the reality of the bank EPS bullshit will be accounted for in the market in the very near future.
This is a time to be mostly short or at least in cash.
CASH is an investment and dont let the faggots talk you into forcing a trade you know better not to take on.
GLTA
Here’s an idea Fly threw out at me tonight.
A closer look at ATHR, King of the Britons
King o’ the whaaat?
________________
Fuck. I think I missed the bottom in tech. And that’s why there will be no selloff. Fuckd
For Woodshedder- It’s a Bobby Flay showdown on the Food Channel. It’s BBQ pulled pork sandwiches in Va.
Volatility ahead. If it’s a reverse head and shoulders like the previous bears, there may be a slow painful cycle down for several months. Maybe 66.6% of the way back to 666. After that, the sky is the limit. Just speculation boys, I’m no genius.
By the way, if Horatio is choking on pulled pork, it’s only served after the crack of her whip.
Bought another 10K shares of FAZ @ 8.67 today. I’m only a dip buyer of FAZ against the Fly’s market long “BUY THE DIP” position above.
hey DD, admire your conviction! Did you sell anything into the FAZ rally up to $13 or so? Or do you have like 100K shares?
Fly-
Sucks to be a pond scum Mets fan.
I look forward to the NLDS. Reyes MVP… eh oh la oh la oh la….
Pujols NL MVP
from a friend who knows: citi is carrying all their mortgages at .95 on the dollar and will need 150 billion to survive. this comes from citi’s #3 mortage guy. believe it or not, I could care less. what do you think about that fly?
banker,
I’m holding all my 142K shares of FAZ. I have not sold any to date.
That pulled pork cook off must be something, this board is very calm tonight
I see that Devildog is paper trading again. It was nice not having him around very much anymore.
Bought another 10K shares of FAZ @ 8.67 today. I’m only a dip buyer of FAZ against the Fly’s market long “BUY THE DIP” position above.
And I saw Sammy Davis, Jr. in a dream and he gave me a seven pound bag of peanut M&M’s.
Don’t even ask — of course he was singing “Candy Man” all the while!
_________
TC, lol…
I think Chivas told me I looked like Bobby Flay?
Fly,
What do you do when you lose your conviction with regards to some freshly placed positions; even if they appear to be working.
I am usually right in my trades but for my latest positions I find myself second guessing them.
Hard to tell if these feelings are just noise or something more.
Just curious how you handle these situations.
Thanks and good trading…
Oh, there’s a pork pulloff going on alright. Right into the grinder.
Woody,
yes it was me. you do look like Bobby Flay. can you cook like him?
I’m a seafood cooking mofo Chivas. Cooked throughout college and afterward at some fine Charleston seafood joints.
LMAO. yeah, but can you make cioppino.
Chivas —
What’s more, Woody pulls his own pork!
______
Hell no. I can’t even pronounce it!
Jake,
with one hand or two hands? lol.
Woody,
LMAO. it’s a seafood stew. west coast.
C- I am assured by certain “inside sources” that Woody is in fact, an “ambidextrous pork puller.”
And “dextrous” at that.
_______
Jake,
LMFAO
Jake, the only inside source you have is your brother. And that would be kind of weird now, wouldn’t it?
Chivas, how does that compare to a lowcountry boil?
I’ve never been to the West Coast.
Woody,
don’t know what lowcountry boil is.
google Phil’s fish house. san fransisco. Flay had a throwdown with Phil using cioppino.