I am in and out today, unable to really dig into the market. But, I am excited about the recent dip in the semis, which will provide me with an excellent opportunity to buy some good names, at a discount.
I like ATHR, TER, AMKR, TER, RFMD, AiXG, SPiL, ASX and CDNS.
Within the networkers, I like CIEN, ALU and ERiC.
Bottom line: iSuppli is projecting fab utilization rates to climb north of 75% by Q3, up from 60%. If that’s the case, all companies that provide services to the foundries will do well. It’s only a matter of time before these stocks are bought, in size, by hungry money managers, in search of real growth. The banks and the oils will not lead the market higher, tech will
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Fly do you like CROX on this dip?
Have a good weekend fucker. Thanks for the effort!
In search of real growth???? Obama’s SOS to Gulf emirs: Invest in US and global economies
DEBKAfile Exclusive Report
May 7, 2009, 9:33 PM (GMT+02:00)
A massive petrodollar influx would help
A secret American delegation was sent by US President Barack Obama this week to solicit Saudi Arabian and other Gulf rulers for hundreds of billions of petro-dollars for investment in US and global economic stimulus plans, DEBKAfile’s exclusive Gulf sources report. They came away empty-handed.
The chilly welcome received by the delegation, which met finance ministers and the heads of banks in Riyadh and the five emirates, was generated by wide disapproval of the US president’s policy of engagement with Iran. Two other US missions had just been and gone, headed by defense secretary Robert Gates and special adviser to the US secretary of state for South Asia and Gulf affairs, Dennis Ross. Both failed to allay Gulf anger and trepidation over this policy.
Our Gulf sources report that the third delegation, which unlike the first two was unannounced, argued that since US economic recovery was not expected to turn the corner before 2011, Gulf investors still had a unique opportunity to partner the US in helping the world economy out of its doldrums. The general message was that if they Gulf rulers fail to invest in US and international markets at this point, they would miss out on the rewards of the recovery.
Not all the data presented to the Gulf officials matched the figures published in Washington and other western countries. They were informed on the quiet that Federal Reserve Governor Ben Benanke had been “premature” in his optimistic forecast of “slightly positive” growth in the second half of this year, particularly in the fields of banking and construction, and a recovery that will “strengthen” next year – even though US Treasury Secretary Timothy Geithner said Wednesday, May 6, it was “a good, independent, credible forecast.”
The Gulf states were urged to help the global economic back on its feet because, according to US data, the Gulf Cooperation Council (GCC) would by the year 2018 rank as the world’s fifth-largest economy after the US, China, Japan and the EU. “As major players in the world economy, you cannot stand on the sidelines,” they were told.
President Obama’s discreet approach figured in general terms at the GCC meeting of heads of state and finance ministers meeting in Riyadh Wednesday, May 6, which was convened to establish a regional central bank. But no decisions were taken.
According to our sources, the negative vibes between the Gulf and Washington over the Obama administration’s policy of favoring Tehran have made these Arab rulers doubly wary of responding to the US president’s appeal for a Gulf stake in US and global economic recovery
Me have a feeling we finish in the red today…tech is weak… the biggest weight component on both DOW and SP500.
I am initiating a small short on SPYs for a day trade only!
Mustard Seed is starting to go away at the pump. Gas going to Jazzercise to $3. So much for that tax cut.
I’m with you on that thesis. It will be ugly until the “withdrawals” for energy/materials stops. Might watch these two currently ugly/worthless POS’s: UMC CHRT
Off to Noo Yawk for a wedding this weekend… but an important post first —
The Shame of Prejudice
______
mustard seeds and green sprout sandwich up ur fucking ass..tastes like shit..try it long only tards
anyone here buying UGA
and Henry, dude, let me know why you think XOMA will hit 1.00
Thanks for the reminder for AMKR.
I like it on a click off of the 50-mark on the RSI(20), but otherwise I can’t find a good price setup on a daily chart. Gonna have to look @ it more when I get home.
How the fuck to get into the banks book build? MS and WFC both issues at 2 buck below we’re they’re trading now.
load on FTK stop @ 2.15
TheArtist, 1) stock came from Fly’s PPT biotech bonanza lotto ticket list
2) earnings yesterday were good.
3) chart tells me so. Whole number 1 gets a test soon!!!
covering another 1k amzn. Holding 3k now.
XOMA reasons to get to $1 4 & 5
4) Volume is really nice
5) (14) RSI is 68 about to signal momos @ 70
And last but not least reason XOMA is going to $1.
Momentum traders love to rip stocks on Thursdays and Fridays to set them up for weekend scans to rip them more next week.
I’ll shut up now!
NG load GOLD GOLD GOLD.
I’ll say no more on that
NG should rock 25% on a swing through $3
Don’t ya think?
FITB is fucking insane?
Three comments ago you said you were going to shut up Henry. What happened?
Fly,
Is ASX a better choice over TSM this year? TSM seems to have the edge in performance during the summer rush.
Classic morning wood pattern on the Nasdaq.
Fly what is your favorite of the group above?
And here comes Obama the Savior. ” Improvement” in the Jobs data?? Didn’t unemployment rate rise? aren’t more people unemployed than ever before?? Don’t worry everything is fine and the worse is in the rear view mirror. Remember unemployment is a lagging indicator. Let the buying begin
TER … he likes it twice as much, hence he listed it twice!
Like the Fly did a week or so ago, I finally relented this morning and sold my FAZ, RXD and DUG. One is slighlty up since then, one is even and the last is down. Now that those monkeys have been purged from my back, I’m back in business.
As a brief remark on the gay verbiage being bandied about, here is a list of things I have not and will never say when referring to the stock market, economy and basically under any circumstances:
-Goldilocks
-mustard seeds
-green shoots
-That being said…
-…going forward(aside from the use of Fly’s time machine, there is no other option)
-…moving sideways
-waiting on (it’s waiting for, you dumbasses)
-110%, 200%, 1000% (when referring to effort)
-swap out, change up, etc. (no need for the second word)
Feel free to add to this list of crap that should never be uttered again.
Will someone please dig a hole and push the dog’s carcass in, it’s starting to really stink.
Moe:
When the shorts are getting prison butt fucked it’s best to relax and let it all happen. Stiffening up is only going to hurt more.
UNG is having another massive volume upside follow through. We could run further.
CPST goin to $1 too. loaded of course.
This is easy
Fly you going to stick it out with FTK? Oil is really moving and the dollar is going to get homo erotic humped soon when the gubment starts buying bills.
Moe(t):
LOL
I am getting fucked right now, but my 45% cash position lessens the pain.
I have may some good trades long a could of names lately and I scalped GS this morning for a $2 a share gain.
FAZ getting fucked hard. Is the fucker headed to $1 or to 0, hard to tell.
Apparently, earnings have troughed and we’re in for a multi year acceleration of earnings.
But if you don’t believe that, ride me like a drunk rodeo clown and pray you don’t get your balls gored or your teeth kicked in trying to get off.
Cabrera,,gross goat faced skank…if i lived closer i would fuck her in the ass..and leave her stupid ass tied to a stop sign…
this is pretty fucking amazing. MS and WFC issue stock today to fall in line with the demands of the stress test and both at the same and 5% higher than yesterdays close.
Cash:
I take it you hate my wife.
husband….yeah…you poor bastard..you must be a dwarf turtle dick blind fuck
She really angrifies you, Cash. What is it that you hate about her?
Agree on tech leading from here. Thanks for mentioning STAR recently, we researched and bought some today. ASIA is another tech in our port, similar except of course Asian.
J..truth told..met her 2 yrs ago at a party in Saddle River NJ….she was most over bearing, over made up, bloated, loud, opinionated Bitch i have ever been in a room with. The host pulled her aside and said to tone it down..was a high end gathering…she didnt blend…
Cash
What dis she do though. I mean what did she do to get pulled aside? Specifics.
I know what you’re saying Cash. I mean what is it with the women these days with their opinions? It’s like, who let you out of the kitchen! Am I right bro!?
J…argumentative..to the point of being a cunt..Loud..half crocked(that was the good part), just over the top rude and loud in an environment that was a tad more refined…old money shit..also insulted a few rather important types…she asked me a question…to which i replied..you bore the fuck out of me…and walked away.
Market is easy again…only push buy button many times….where is sell button?…who knows…jus buy button.
Cash:
I guess that’s a home she’ll never be invited back to. I reckon Maria is far more of loud mouth though. She sounds like Tony Soprano’s mistress.
The one that really annoys the shit outta me is Becky Quick. She’s a seriously dumb bitch.
J – agreed..Odd thought…now that bank Stress test has declared the banks healthy again..maybe something blows out over the weekend….making Geithner look like a clown
tza @ 25.57
really liking sprd here…broke above 200 day after consolidation….CA pick.
J, Cash,
Cover story from Barron’s over the weekend…that might provide some tinder for Mondays action. My guess…Barron’s will be all over the stress test results and what they really boil down to.
Jed
FYI
May 8, 2009 10:07 AM EDT
Morgan Stanley upgrades Spreadtrum Communications (Nasdaq: SPRD) from Equalweight to Overweight.
Spreadtrum Communications, Inc. is a fabless semiconductor company that designs, develops and markets baseband processor solutions for the wireless communications market.
Jed…thanks…Hey where is all the Level 3 crap assets that have basically gone to minus zero..when does that shit get addressed..? And Derivatives…thats the turd in the punch bowl..forget this tangible common equity bullshit..that can evaporate in a minute
Maria Bartiromo is a cunt, plain and simple, people here get with the program. I would not fuck her more than 2 or 3 times tops….. maybe 4……
as an aside, Milwaukee’s Best….I think they can do a little better. But it works well when operating heavy machinery.
all cnbc females are skanks..producer must be blind and weigh 350 pounds..fucking pathetic lineup of sloppy bloated crack whores.
This is a very misogynistic site
if ur quick you can grab DVAX @ 1.08 and sell 1.15 in a few minutes
AND THE TOP TEN reason why XOMA is going to $1
It has an X in it’s symbol. Dumb ass traders will chase anything with an x or z in its symbol during a momentum run like we’re experiencing.
Jed
Re Barrons
All the regulars on there were bearish as could be for the past several weeks.
It will be interesting how they spin this week again.
My guess is they’ll turn the corner and start “green shooting” all over the paper. A truly disgusting sight I’m sure.
They were very bank centric which means that if the banks start to look bullish they’ll turn.
It could be a big market run up on Monday if they turn bullish, have a few deadbeat fund managers on there who talk up the market etc.
I noticed that former Merrill Bernstein turned bullish the other day.
———-
Talking about CNBC hoasts and regulars they have on there.
I gotta say that the most annoying guest regular they have on, that makes me puke is Mario Gabelli. He may talk a decent book and all that, but the guy is a cocksure dick. A real turd. He’s so arrogant it’s unbelievable.
Made some $$ long and short daytrading MS.
SOMEBODY please stop me from buying a little SKF.
2pm..fund buying done…hello elevator shaft.
If large cap tech selling accelerates into the close then I would say the market is done for awhile.
The volume is much bigger on the downside than it has been going up.
Must mean something.
Trader..join me..take some SKF, and a side of FAZ…with some TZA
2pm..DVAX pivots @ 1.09 tests 1.15 then if breaks 1.30 and then 1.80
All pure technicals. Throw in a full moon and all next week!!
C-N-G
Now upgraded to A-list status for all swank parties and events provided he bring along his explicitive CNBC skank bitch monologue to entertain the guests.
PS You probably think this post is about you!
FTK sellers are exhausted!!
FLY double down like clown!!!
THIS is to all of you that are up egregious sums of money YTD!
You thought you was the cool fool and never could do no wrong
Had everything sewed up tight. how come you lay awake all night long?
mrkcbill hopes that Obama will have another town meeting soon.