I bought 25,000 RFMD @ $2.22, 20,000 FTK @ $2.35, 2,000 CUZ @ $8.5 and 15,000 SFE @ $1.09.
UPDATE: I bought 25,000 NGD @ $2.13.
UPDATE: I sold out of my FLOW, north of $2.40
Disclaimer: If you buy the above stock because of this post, someone will throw a dead dog on your front lawn. And, you may lose money.
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Bear blood everywhere?
Never say die on FTK!!!
Fool sees The Fly’s Buy’s and raises with a huge reload on XOMA
Wow Fly you are pretty bold on FTK. I hope your sources are better than mine. My natgas sources are telling me they are a fucking chop shop talking a big game but hey I am maintaining a tiny position in it at 2.30 so I hope they are wrong.
I see the XOMA as a real nice shakeout glad i wasn’t around to see it.
I unloaded 1/4 @ .82 this morn before an important meeting. Worked out and I was just able to reload 15,000 @ .70
Fly,
Not sure I understand the SFE play… I checked them out… I find it very interesting (particularly the SaaS model).
Can you explain a little as to why SFE?
FLY,
give FSIN a look…
I agreee FSIN looks good!!
http://www.theonion.com/content/news/nation_ready_to_be_lied_to_about
Nation Ready To Be Lied To About Economy Again
Dear Fly meister,
I have a perfect career for you where you can make MUCH more money than you make in trading penny stocks (not that you aren’t an amazing trader. You have managed to keep your bullish stance while I/most gave up weeks ago).
Become a SLOGAN WRITER for large corporations and their products. I am very serious about this. I don’t think there will be any competition for you in this field.
“if the art of blogging was a tea cup, I’d hold it with my pinky extended outward.” This is pretty fucking GOOD!
I wonder what Windows/Iphone/…products can do for the average consumer??? think about it.
If you choose to do this, I want 1% royalty on all your earnings for five years. I’ll use the proceeds to buy a small island. Maybe Maui…
——————————————————
The recently concluded stress test of America’s largest financial institutions is a good idea, conceptually. The FDIC and/or the Fed should have conducted these tests years ago. But the tests contain at least three fatal flaws:
1) Re-building bank common equity up to 4% is woefully inadequate. At 4%, banks would be operating with 25-to-1 leverage – a balance sheet structure that any prudent investor would consider reckless and/or “insane.”
2) The assets on most bank balance sheets remain susceptible to severe impairment. In other words, these assets could still suffer extreme mark-downs. If, in aggregate, these assets were to lose 4% of their value, the nation’s banks would possess tangible common equity of approximately zero.
3) The “stress” to which the bank examiners subjected the balance sheets under their review was not very stressful. Examiners used an “adverse scenario” that featured a 3.3% drop in GDP this year and an 8.9% unemployment rate. Well, guess what, the unemployment rate is already 8.9% and GDP during the first quarter collapsed at an annualized rate of minus 6.3%, compared to the fourth quarter of 2008. So maybe the “adverse scenario” is not nearly adverse enough.
Hey all. An update on SU: I bailed today, there’s some news that might be pushing them around for a short while. Alberta is holding talks with first nations/environmental groups on a ‘moratorium’ on tarsands expansion due to the mess being created by their proliferation. Wait for SU to assuage them; I’ll do my best to keep you all posted. If you got in near where I made my recommendation, take your profits. If POO jumps past $60 USD/bbl, ignore this post. If all fuck breaks loose: SU is golden at anything below $22 USD/share. IMHO.
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