Forget about the banks. You are obsessed with them and it’s not healthy. Aside from tech, oil is playing a material role in the current rally. APC priced a retarded secondary, putting some oil indexes into retardoland. But, the commodity is up, which is all I really care about. The stocks will act like stocks— idiotic—until they don’t. In the meantime, UCO is worth a look.
“The Fly” is more concerned with the important matter of reflation or the presumption of such a Godly transition.
With that in mind, I want to buy beaten down oil/gas stocks, mainly because it’s fun and I like making money. Names like FTK, PLLL, NGAS or even BEXP intrigue me. Trust me, there are a lot more. If you want to talk turkey, be a man and join The PPT; quit freeloading your life away—like some sort of minimum waged doughnut maker/slave.
As for today’s tape:
So far, I like the action in SFE (cheap as balls), CUZ, TWi and GMO. My gut tells me RFMD will print $3 before $2. However, as of now, the market forces are telling me to chill the fuck out and wait for better prints, since the bears are open field running—naked—on the banks and cre here.
For now, I will find a way to entertain myself, while prices come down to more attractive levels.
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Dammit…looks like it’s time to dust off the funnel…again.
Watch INTC here for an SMH bounce.
Gold stocks impressive.
I’m just a little trollop.
are we cleaning the oil out of the funnel so we can use it to pour silver casting beads into it or are the masters dip buying this?
Are the Hunt brothers still alive and buying silver?
POOF! Your bullshit bullmarket is gone!
-Merlin 3.0
TC.. thats Jake
Just please don’t touch, go near, or try to fix your front lawn Fly, we will be there very shortly. Remember to wear some comfortable pants.
Which one of you fuckers recommended FTBK ? I sold it this morning for a 20% gain. ABK was good for 40%. This penny stock thing is growing on me. I think we’ve topped here. I’ve never made so much money in penny stocks in such a short period of time. When crappy stocks are going up 300-400% in a few weeks its time to get defensive.
Cap might be right . Two sectors that have been leading the overall market higher during the rally — small caps and technology — have reversed their outperformance, as seen from the turnaround in the relative performance.This is Not good for the overall market
P.Robe.
Steve,Jr. will give you the special iBC discount for a tour of the crop circles on Fly’s lawn. This will apply to all readers through Sunday.
Also, there will be special discounted souvenirs sold as well as the much sought after “Fly Robe.”
Plus you never know. The bearded one may show up and chase you with his shot gun.
A guaranteed good time for all.
The bears have their shills everywhere in the media this week, trying to talk down the market and scare the crap out of anyone that’s made a few bucks. Marketwatch, Bloomberg, CNBC (the special Meridith edition), all have scary-as-shit stories designed to get you to sell. I still say there were too many idgets that sold at the bottom and are trying to muscle their way back in.
Hey Mitch!
Great to see you around.
How’s John Cock-Toasten doing?
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Are the Hunt brothers still alive and buying silver?
Yep, at this date. Nelson is 83 and William is 80 this year.
As far as silver trading, I think they got a lifetime ban.
Guess it’s up to me, then.
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This run in oil is a bullshit goldman sachs induced f@ck fest.
While I am no godly penny stock pusher like the Fly, I was kind enough to share with you, weeks ago, the love that was soon to follow in COIN, as it pertains so nicely to this site. For your sake, I hope you listened.
Fly’s (maybe RC or CA) call on CAR is close to returning 100% and easily made up my mind to join the PPT. Well done and thank you for the coin!
Abbey joseph Cohen on CNBC rally is over. SURE SIGN
$200 oil bitchez! Never mind we don’t have room to store another drop. GS666 MUHH!!!
Chivas if you are around great job on your plays. Are you going to see if 900 is taken out before lifting any of the pressure?
Gapping, Seconded, kudos to Chivas. I put his trades into my paper trading account soon after he placed them. They are showing fabulous winnings which I wish were real, and mine 🙂
I’m following oil and it’s been going down all day.
Yes, I stole that (bitched out) from the Fly.
Jimmy Rogers likes silver better than gold. If the IMF sells their gold, it’ll head down.
A good bowtie interview in Bloomberg now. Finally a few decent questions from the interviewers.
Oil now down. Tech getting blown the mother fuck up. ATHR getting homohammered.
Someone cook some eggs and ham.
By the way if these pussy bears can’t break 900 I am going all in long.
http://www.youtube.com/watch?v=Z3ZAGBL6UBA
Gap,
thanks. still short 150k qqqq from 34.98 and 75k dia from 85.29. it seems that the trannies now have joined the q’s in leading the way down. will remain short.
Chivas: 1700 could burst too which should inflict pain. 900 just broke. I am long 1000 QID (35.50 on your call) myself and short some CRE names as well as a smaller size of FAZ.
Stuck in some stupid meeting/event. Whenever this happens, I get poleaxed in the market. Apparently that trend will continue.
HARK ! I hear something
………………..
………………..
…………………
…………………
…….Look its the Homo Hammer of Death striking down upon the bulls with sheer vengeance.
Which trend?
The stupid meetings or the poleaxing?
YappleDapple…
Early cycles like trannies, homebuilders, retailers, other consumer discretionary and financials are corretly, while belatedly, getting kicked in the cock after this impressive bear market rally.
It won’t be pretty when bulltards finally realize the reflation trade is about 18-24 months too early.
900 will soon be only a memory.
Come on now, EVERYBODY get short.
Fly is in a meeting with “The Yard Pros” on fertilizer distribution techniques.
carry on.
Which trend?
The stupid meetings or the poleaxing?
—————————
both… especially that fly said yesterday that today market will go up
hey flyster, time to bring out your “bulls are dead” headline
zoro –
bingo. nothing says “bulls are dead” like a 40 point collapse in the DOW.
punyandy –
or 35 point drop in Nasdaq (2%)
Fly,
1. Like I used to say before retirement: “Whatever else heaven may be, it’s gotta be a place where there ain’t no meetings.”
2. Not sure what you’re saying re RFMD. Did you sell to buy back cheaper later, or are you holding patiently? TIA.
I’d pay for a Chivas tab.
If this does not make your balls shrivel I don’t know what will: http://adage.com/article?article_id=136552
UPDATE: Holy crap!!! RFMD down .26.
if oils going up so is gold silver
HenryFool
Did you take profits on XOMA? I did not and wish I did. All small reds except for NNBR (CA)
I’d pay for a Chivas tab.
Unfortunately, we cannot afford it. 😉
_____
Jake tru dat homie!
Jake- Get TARP $$.
Everybody else is getting the money.
Ya Mr. Fly
I feel the same way When I get around people that think they know Real Estate. They think they know how it works, but they don’t. They may have sold a few homes, and now they are the expert. When I sitting there with more that 600 under my belt. Same goes for people that invest..You know, but really do any of us know, without you?
my longs long gone… SRS & FXP are in … even got rid of by TBT yesterday, since we’ll have a bit of fear premium back in treasureies. Oil, as of today, has now decided to follow the consumer rather than the green shoots. too bad.
Fly will soon come over to the sensibly skeptical camp. He’s already wavering.
hey fly: just joined PPT.where do i find PPT,RC&your stock recommendations? iam still trying to learn how to use the site.thanks
nilon – check user notes for specific persons
Fly, how’s about you and I swap equities here. I’ll give you shares of my Player’s Club, and you stop giving me this BULL shit feed!
Fair trade, since we’re both in a non-winning position.
CORS just went from hot to shot. COO resigned.
Quick Flyblog poll:
Did Howard “Wake & Bake” before making this vid, or no?
Green thumbs up for “yes.” Red thumbs down for “no.”
___________
Howard smokes more weed than anyone I know over the age of 30.
Chivas, do I have permission to speak, yet?
Woody,
LMAO. please do.
Woody, I suppose adding fuel to the fire, are you calling for a Fly Top here?
i was not high in that video. just overworked and underpaid. funny stuff though