The market piped down into the bell, as big nosed sellers jumped into hot tar pits covered with corn flakes. Following yesterday’s gap up, today’s action is the preferred follow through, with the weak selling off and strong powering forward.
Do yourself a favor, take the fucking banks/cre off your screen. They’ve been neutered and are no longer necessary investment vehicles. The government has their mitts in the pudding. They will not give the shorts much of a runway.
In my opinion, it makes more sense to focus on sectors that are growing, like LED’s, chip packaging companies, semiconductor equipment manufacturers, 4g network plays, etc.
As you already know, Ragin’ Cajun and The Chart Addict have been knocking the cover off of steel balls with their picks. RC nailed THQI this morning, for non-ingrates, on The PPT. I just wanted to rub that in.
Gentlemen, summer is just around the corner. Quit being a loser, man up, and get involved with some long side trades, else find yourself inside of a pineapple coffin, ever so prematurely.
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Analog Devices prelim $0.18 vs $0.09 First Call consensus; revs $475 mln vs $427.24 mln First Call consensus
We need more long term investment ideas people. When is the last time you fuckers held a stock for 12 months? Sprint is my 4g play, and I am in it for the long term.
yeah, I’m in everything for the long term. So as long as I don’t stop out in the next 15 mins, that is.
It’s so fucking beautiful in Southern California today … not a gawd-damn cloud in the entire sky.
Too bad it’s all a mirage, and California is going to hell in a hand basket.
Fly, what are your thoughts on EMIS and SUF?
If you like ENTR, you might like SIGM. Businesses sound similar. SIGM looks like it’s starting to come under accumulation with a very nice 8% gain today.
I haven’t followed SIGMs conference calls or SEC filings for over a year, and since I no longer have access to the sell side hype machine I can’t get up to speed on it quickly.
Any thoughts?
love sigm
SIGM is where it’s at yall!! Expect Bluray and IPTV orders through the roof as the unemployed and creditless line up to buy extra HDTVs for the spare bathrooms in their triple-leveraged homes!!! Watch out DOW 14,000 here we come!!!!!
BAC dropping like a rock. Get the fuck out of here. No way. Green Shoots or more Dropping Shoes….what inning is it?
Fly, I thought you were going into the fire with SFE and FTK. What happened? I’m in SFE, hopefully, not in a FTK abyss. Et tu ?
Thanks much for CIEN, I haven’t looked at that stock in years, yesterday got into some leaps……badda bing badda boom bitches.
Good god what the fuck is going on with BAC? Its getting murder monster stomped!
BAC – Secondary @ $10/share.
Good god what the fuck is going on with BOA? Its getting murder monster stomped!
An AH news release which was **not** leaked ahead of time by insiders.
I don’t know what is scarier, the swine flu, or B of A raising cash.
If BAC gaps down tomorrow it will leave an island reversal.
Whateverdafuck dat is. I think it has something to do with Gilligans’s island.
By the way didn’t they announce like 20 or so secondaries in the past coupla weeks and we rallied like a whore in Vegas?
once the banks finish raising their money (BAC is one of the last, i think they had only slightly over 50% of their capital raised as of the weekend), it will be interesting to see whether the market nosedives. the tinfoil hats will be really at it then.
17:34 EDT
BAC
Bank of America-BAC 850M share Secondary priced at $10.00
BofA/Merrill acted as sole manager.
May 19 (Bloomberg) — Bank of America Corp. and Citigroup Inc. executives and directors have profits of more than $25 million after purchasing shares earlier this year amid speculation that the lenders would be nationalized.
FAZ 4 LFE
By the way GREAT FUCKING CALL GOLDMAN SACHS on BAC!
Moodys report on CRE…
http://www.bloomberg.com/apps/news?pid=20601087&sid=a9FvI66DMoYQ&refer=home
Wasnt BAC one of the biggest originators for CRE loans, therefore is getting stomped the worst after hours?
Fly,
Will you be crying at the end of this week too?
It’s like CNBC around here lately…
For immediate release:
GS partners named to coveted spots on firm’s own Conviction Douchebag list.
Fly,
Is IR a long term play for you? A weakening dollar should be good for its business
Fly, or anyone as remotely smart:
is there any ETF that reflects all these mid cap tech stocks you’re talking about? SMH or XLK don’t seem to do it justice. And no, please nothing leveraged.
And kudos fly, I was sure we were going lower on that retracement. Good conviction.
I am not sure I would take FAZ off the screen, even if fact the “gov mitts are in the pudding”. You know, the gov may need another nice big deflationary scare. A scare big enough to create another “flight to safety” in the form of TREASURIES. They are running out of buyers. Fast.
I took a monster position in BAC at 10.70 in AH. Its my biggest position at the moment. Look if diluting the fuck out of the shareholder (1/6th dilution) can’t drop these banks then nothing can. I would even consider adding to my longer term FAS position here. I would not be surprised to see BAC up 20% tomorrow.
Sniff…sniff….sssssssnnnnnnnnniffff. I smells me an ideologue around these parts.
Wood, get the hell out from under my skirt!
http://www.reuters.com/article/marketsnews/idINN1942182920090520?rpc=33
Banks look towards getting out of TARP. Check it out.