RFMD is a son of a bitch. Who knows why that cocksucker went down. Maybe the spring weather annoyed certain such said longs into capitulating? At the end of the day, all I care about is the gold bricks in my fucking vault.
Speaking of gold: I stepped in today, buying up some NGD. I can’t help myself. For some odd reason, I am gravitated towards the lowest priced stocks. I know this vexes many of you, too bad and fuck off.
“The Fly” is going through a phase; cop a walk. In the future, I will look back on these days and say “hey, remember when I was a degenerate OTB guy, buying pennies,” just prior to banning you from the site forever.
Aside from that, most of you cow fuckers got your faces punched off today, trying to short stocks. The market is going higher tomorrow and it will drag you—like a little bitch—through the streets screaming, providing you are not mindful.
Mindful of what, you ponder?
MINDFUL OF A SHARP CLAWHAMMER IN YOUR HEAD, I gather.
In closing, I like DELL, FTK, rfmd (cocksucker), CUZ, NGD, TWi, SFE and a few others.
Off to a little league baseball practice.
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INTC CEO says 2d qtr. better than expected.
Shares up in AH (so are Q’s).
Danny says Howard smokes more than any other ‘over 30 yr
old’ he knows, yet this ‘developing’ post comes out at
4:20pm…and not the first time.
Odd, no?
Ha! What doomsday? I significantly outperformed, up 0.03% on the day. Woo-hoo!
QQQQs will be up tomorrow and drag the pennies with them.
I watched Bernanke give his bullshit speech last night. If anything, the repeated blubbering to investors of a “safe and sound” banking industry should alert those very investors. These fuckers in the government have gone way beyond the pale of the PPT, and are now thrashing the legitimacy of the entire economic system. The Fed Chairman is like a chronic investor molester. He builds up Joe Six Pack, makes him dream of rosy bottoms, and future gains, then the market (once again), rips his fucking balls off. Again and again … the process repeats itself … “a bottom here, a bottom there, a bottom-bottom everywhere.” Maybe Ben would do us a favor by simply saying we have reached the end of financial trickery, and America needs to spend within its gawd-damn means. But, no, no, no, these mother-fucking baby boomers are gonna continue to steal our (and our children’s) wealth.
We got the fucking government subsidizing every new conforming mortgage in America right now. And this is going on as these GSEs are losing billions every fucking quarter. From what I read today, the government is gonna have to hand over another $100,000,000,000 (that’s one-hundred-fucking-billion-dollars), next year. WTF! It’s a classic borrow from Peter to pay Paul, ponzi scheme. When is this fucking shell game gonna end?
No matter how you address it, you can’t make 25 fucking years of foolish debt, vanish in 18 months. No fucking way!
And this brings me to the final point, word has it, Bank of America is still cranked up 25 to 1. WTF! Are you fucking kidding me? I’m speechless.
Fucking stress test my ass.
Prepare for new lows Fuckers … probably in early summer.
INTC is good news????
Here is what the CEO said
said the chip giant’s business in the second quarter was “a little better than expected.” Intel did not offer a formal outlook for the second quarter, but said it expects revenue to be roughly flat to the first quarter.
Last Quarter Intel Corporation reported first-quarter revenue of $7.1 billion and the current revenue guidance by analysts is $7.18. That looks like a wash to me.
Fly,
Where do you see FTK going to?
Tnx
I was up a lot today myself with massive gains in DXO, UNG (god its on fire), my new ATHR postion at 15.75, FAZ, and even that shitbag play of FTK was up after being sucker punched in the morning. Its really hard playing shit here as I want to believe we are slowly stepping toward the cliff and there is loose gravel we may slip on. But on the other hand the momentum is monstrous so why fight it. I think the only way to play this market is from both ends at once. Tech was murdered today and financials took a shotgun to the face but commodities (liquids/gasses) took the fuck off yet again. I am sticking with UNG here even though I am up some 38% on the position in 2 weeks. I still think the name goes to 22-25 and given that I am in at 12.75 I have no reason to sell. Off to fucking cuss out two people for mismanagement of shit.
Check out (FLOW) too …it’s looks great on a daily and had 2 high volume breakout days in the last 5. In a great sector right now as well.
Jacksonian Cavalry Charge
Tally ho, etc.
_________
DMG:
Who is Howard????
“Danny says Howard smokes more than any other ‘over 30 yr old’ he knows, yet this ‘developing’ post comes out a 4:20pm…and not the first time.”
F, DRYS, et al… are fucking investors over with their secondaries. Does anyone have some educated guesses about other companies thay may try to pull the same shit over the next quarter?
RE POST BECAUSE EVERY TIME I HAVE ANYTHING TO SAY FLY STARTS A NEW POST!!!!
Ended today day up 1.2 % & a whopping 50% YTD my best ever YTD number in 10 years
NG – loaded egregiously (that sure helped out)
FTK
DVAX loaded egregiously but have been aggressively trading a large pos fro low.60’s
FLOW New position yesterday
XOMA (sold 1/4 @ .82 in morn) and reloaded @.70 end of day
CPST small still.
CASH 30%
UP 50% on the year all because of the FLY and myself. I guess it’s really because of ME and the fly.
You see The FLY reminded me of how to trade when thing were at their worst these past 12 months. That one simple rule. The Grandaddy of all thing you must master in order to become a successful trader…….. You must have FUCKING CONVICTION.
If you don’t understand your trades for 1 out 1000’s of reasons there can be and you have to ask someone what should I do with my AAPL here. You have no business trading. TRADE, TRADE, TRADE, LEARN, LEARN, LEARN. If your smart It’s even fucking greater However even some slightly above average intelligence quotient fuck like myself can be up 50% YTD.
How the fuck can that be I didn’t even go to college?
….. CONVICTION in myself and my trades. Oh and when I’m confused I just read a shit load of iBankCoin blogs to get my head straight. Then I’m back in business. As you see I don’t even trade the same stocks as the Fly (some juicy ones ex.CROX) but I’ll trade degenerate shit that’s too thin and or manipulated for the Fly to waste his time with.
I mix in a little of the other bloggers mix in my own years of technical scanning of charts and SHAM WOW!!!! I’m printing money!
Thanks Fly, Matt
Zen –
Mr. Howard Lindzon, Woodshedder’s 2nd cousin.
twice removed…thankfully.
@ THE FLY
During a family vacation in San Diego I hope you accidentally get lost in Tijuana and end up becoming an unwilling performer at a ‘Donkey Show’.
LOOK, this market will go down once all shorts have been disemboweled, decapitated and dismembered. Not to mention Drawn and Quartered. This whole fraudulent rally was a scheme to allow banks to raise more capital. Lets face it, the economy is not recovering anytime soon. All this talk of recovery, ‘green shoots’ and other nonsense is akin to someone lost in the Sahara for days without food or water starting to hallucinate and imagine oasis of lush trees and water. The fucking economy has not seen growth in so long, our policy makers and corporate execs are starting to hallucinate and imagine growth ahead.
‘Oh I think I can see 3% growth ahead. ‘ ‘oh the economy is bottoming, I can see it’ Its all a Fucking mirage !
And don’t get me started on pension fund short falls, medicare and social security. These Ponzi scheme are well on their way to collapse. The hits will keep coming. The irony is the fucking baby boomers who started this shit will spend their old years living on the fucking streets.
Oh well. Off to my Mandarin class. There is still time to jump ship.
Citigroup out right now Upgrading HD Home Depot to Buy from Hold, target goes to $32 from $26
The bulltards will be pleased to see the tidal wave of dilution continues on its merry way.
Shareholders of CLF will be extremely pleased to see their stake is being diluted by another 12 million shares, or 10%. And why wouldn’t CLF want to sell stock at a 75% discount to its 52 week high?
Traders should bid this one WAAAY up because business is so good CLF is also cutting the dividend and cutting the pay of salaried employees.
and Downgrading CE Celanese to Hold from Buy.
But this one got hit pretty good already today…
anyways, for you afterhourzers.
I don’t think that it is exactly like a Ponzi scheme. A Ponzi at least must have as much money coming in as it pays out. The damn government is just creating money – the printing press is mostly bonds with cusip no.s created on computers. Some of the Aholes say that “deficits don’t matter”. Well, I insist that all taxes be abolished if that is true – just print all the government spending and create an even more humongous hog of a government – hire all those being laid off into some government worthless bureaucratic paper pushing job. Call it the Soviet Union.
Furthermore, I cannot borrow or loan money to myself so how the hell is Bernanke going to buy 10 year treasurys when the yield hits 3.5%? It is Orwellian, that’s how.
Silky – http://www.youtube.com/watch?v=jKDQjYEi0e4
Anonymous.. I find many things about America and Europe Orwellian in fact I believe Orwell my have had access to the time machine FLY now owns..as well as Huxley,Verne, Wells, etc
Henry, Nice rant. You should post some more in the PeeGee. You are 100% right about conviction. It could also be called taking responsibility for your trades. Whining ain’t winning and it don’t bank coin. Thanks.
The Fly is funny as hell 😀
either that or this wine is making him funny 😮
no, da Flea is funny man 8)
if possible, I think he’s a better writer than artful manager of money
Props to you and your excellent rant Henry
I see what you are buying and sometimes wonder why, but the shit you buy moves and know how to catch it!
I’m not doing near that well and I am happy as shit for you… and hopefully the Rockets tonight.
food for thought, (not the ribeye I had for supper)
Chrysler just announced that by next week it will pick the 800 to 1000 dealers it will fire (pull there franchise agreements) so by my estimates, each dealership has between 20 and 50 employees, so we round that to 35 average and round the 800 – 1000 to 900 and we get 31500 jobs lost by next week in one company alone.
Now, GM will (supposedly) file by the first of june, it will most likely have tried or at least got the list together for its proposed 1000 to 1200 dealerships announced in april,
so we take the same formula and that (using average of 1100 dealerships) equals 38500 jobs axed.
so we are looking at 70,000 jobs (low-ball at that) lost just from 2 companies.
now add in the other parts suppliers that will fail due to this mess and we could have in the next month 150,000 jobs lost just from these 2 companies alone.
now factor in the layoffs in all the other companies that were just announced in this past week, we are looking at a probable job loss number higher than last month, not less.
Plus, GM stock price just hit a low not seen since 1933 (during the great depression) coincidence or an omen?
carry on.
@ CAP: I also recently started Mandarin classes (October). I have a feeling in the next 25 years the men behind the curtain calling the shots will be doing so using verbs like ? and ?.