No more fucking around for me; it’s not a game anymore.
Into weakness, I will add to my GLW position. LCD sales are ripping and manufacturers are bitching about supplies. My guess, margins are improving for the world’s #1 maker of glass substrates.
Also, with inflation back on the radar, I am feeling better than ever about my FTK, WNR, SD and FSYS positions. If I was not fully invested in the sector, I’d buy more here.
For longer term oriented holdings, I will add to both IR and GME—today—fuckface.
For small cap fun, I like RFMD, SFE, CROX and SiFY.
Now go play with some marbles in the middle of a busy freeway.
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fly – it looks like FTK is going to do an offering soon don’t ya think?
No mention of ENTR as one of your small caps, did you give up already?
whats your average in FTK Fly? where do you see it going?
Eek. That was some fucked up housing data.
EXEL will close over $6 this week. Maybe today.
Did I just say that out loud? FUCK!!
Eek. That was some fucked up housing data.
————–
you thought housing is at the bottom?
What happened to Mr. Market Boner?
Hey Devil D…. What do you see?
exited another 1000 shares of qid, still hold 1000 shares for another push down to 875. Will close entire qid position at that point and look for market direction.
So a year ago, before ASCO, EXEL was trading 6.75 now with this great CNBC pump it’s hovering under $6.. Ya see ya over $6
I never thought housing was at a bottom. I will refrain from any new buys today.
I’m on vaca in Mexico – don’t yoos wise guys be botherin me.
God damn it… We bulls need to “replace” Diana Olick with Dennis Kneal or Kudlow.
I will remain bullish until we break 880…if we break that, I will HEAVILY short this market.
Fly-
Wanna buy my house? You could build a compound with a moat.
POOF
or some such.
http://www.marketwatch.com/story/bankrate-fixed-mortgage-rates-rise-in-latest-week
Long 7.5K JVA @3.55…just quick twitch scalp.
Enough of CNBC.
Changing to the National Spelling Bee thing on ESPN.
Looking for new words for the iBC dictionary.
I am feeling better than ever about my FTK, WNR, SD and FSYS positions. If I was not fully invested in the sector, I’d buy more here — I will refrain from any new buys today.
————————
boy, your feelings are changing so quickly…
Tom Marrisco on Bloomie
Bears– you have 15 minutes to make your move, else lose the initiative.
Weekly closing high on EXEL is 5.85.
OK I’ll say no more about this CNBC pump!
That’s been the basis of this whole rally Fly. When given the chance, the Bears don’t show up. So the Bulls buy more stock and the Bears cover more.
Boy is it a task communicating with some of you dicks. This post was written before the bad housing data.I still like the names. However, barring some sort of squeeze, I will chill out today and hold back any new buys.
Got it?
bought a truck load of UUU on TSX yesterday @ $2 look at it now……
One more thing on EXEL. I told ya so!
Henry, Exactly…
ung moving. Somebody is interested.
Maybe Henry Fool would like to buy my house.
Nice neighbors Henry except when Fly wants to practice his tennis backhand au natural.
Here we go Bears didn’t have the gumption.
Bulls need to hold 880…
http://www.youtube.com/watch?v=N1NupxasQWs
Sold all 7.5K JVA from 3.55 @ 3.85. Bigger fish showing up – time to leave that section of the pond for awhile.
TOH to Alphadawgg for the BAC-E heads up from a while back.
Chivas:
Honestly, do you really think it matters a great deal that the 30 year mortgage rate has backed up 21 basis points when the principal amount has fallen 40%. Seriously this is how it looks on simple interest.
previous
$500,000 rate 7% interest component repayment $35,000
Now
Before the back up
500,000 *60% = $300,000 interest component (5.24%) $15,720
After the back up
300,000 interest component (5.45%) 16,350
Net difference is an entire $630
Are you kidding me.
Good Spelling Bee competition going on.
Could go into overtime.
Almost as good as the Magic-Cavs games.
somthin leaked on DVAX if you want my opinion.
It’s gonna blow!!! 1.29
Here’s the thing, no one gives a shit about the interest rate back up even if rates eventually made their way 100 basis points higher.
the principal value has been cut almost in 1/2.
What makes all the difference to housing is the overhang workout and jobs prospects going forward.
FLY,
what do you think of the new OLED technology??
HowStuffWorks.com describes Oleds as solid-state devices composed of thin films of organic molecules that create light with the application of electricity. “They can provide brighter, crisper displays on electronic devices and use less power than conventional light-emitting diodes or LCDs used today.”
The technology promises a future with TVs and computer monitors that are not only much thinner and lighter, but which can be folded away or even, believe it or not, embedded into clothing or newspapers.
The technology is not in the realm of science fiction and should become used in everyday consumer electronics products in the next 24 months. It could also be standard-issue technology in new flat-panel TVs within the next three years. Oled technology is likely to find a market first in smaller electronic devices, with unconfirmed rumours suggesting the next version of Apple’s iPhone will have an Oled screen.
I’m gettin my balls blown off ovah heah.
Buy the MDVN 2ndary anywhere near $21
IMO, blah, blah, blah.
Load CREE under 30 here. Despite what Guy Fucking Adami said on Fast $ last night
We should cut house values in half again and back rates up even further! That’s the ticket!
Good risk:reward down here on GLW for you chart chompers…
http://stockcharts.com/def/servlet/SC.pnf?chart=GLW,PLUADANRBO%5BPA%5D%5BD%5D%5BF1!3!.25!!2!20]&pref=G
Buy some R FuckingMD RFMD @ 2.82
Don’t out think this.
Holy Crap load the boat on Fly’s ENTR here @ 2.08 x 2.09
you’re not gonna get a dip under $2. What more
could one ask for?
FTK here @ 2.13 before it’s over $2.30.
I could go on all day.
FSYS just went green
Neighbor Steve,
Fly will take your puny house via eminent domain and build a glorious homestead fitting of his greatness. You may live in the servant’s quarters provided you bring Fly his evening cognac and a fine cigar.
Henry, please be more efficient – just all your buys in one post.
I predict that it is a 100% chance of runaway inflation. Let’s see Roubini top that one. Also, his accent is fake and mine is real.
Faber and Roubini are clowns. Printing fake accents has never worked. I worked with the king of cheap accents, Georgie.
Having one of the best PnL days ever being ungodly long UNG and DXO. I have played DXO for a 70% return now. Just hoping we can keep riding. DXO over 4 now.
Faber should be right. Paying on a debt this large is being overlooked by these guys, So they don’t have to live through the shit.
Inflation is a given.
Anonymous
I try to get ideas out to you idiots quickly so you can act. They are me thinking out loud.
continue losing money, HF
Henry, They are much appreciated ovah hea.
I know Yogi : )
Rare intraday NEW POST: General Jackson Sallies Forth (with MONGO)
____________
I thought one of the qualifications for the tabbed spot was to blog intraday Jake?
HF .. you forgot to mention CRGN … WTF!
Wow , busy morning in the ER, loads of guys showing up with their balls in saran wrap. WTF’s going on?
Notice a little competition here, guys… (Jake and Cuervos).
Cuervos, Fly ought to do the right thing and give you a slot as any guy that picks my ideas and runs with them like the Canada trade deserves a slot.
CRGN..was shared by me laddie 5 times in last day and half..not too late right here…NVGN too…and FACT.
I’m holding ground on EXEL down to 5.25 – 5.38
Henry – bot FTK @ 2.14 and RFMD @2.80. thanks.
Henry, you doing any out loud thinking on IMGN?
I blog daily, usally with a pretty comprehensive piece. The only blogger that I’ve seen do intraday is Fly.
But then, he blogs like the wind and has always been a progidy since youth.
_________
My how short the memories are down south there. I quote Sir Fly: However, this person must have experience and be able to blog during market hours, unlike some of the lazier fuckers who take up space here.
http://www.ibankcoin.com/flyblog/index.php/2009/04/10/ibankcoin-is-hiring-and-other-stuff/
Fly banks egregious amounts of coin even though it may seem only that he merely banks above average amounts.
Seems Cuervos is still smarting from the royal kick in the patoot Jake served him. Time to move on chief.
permission to smash Cabrera in the throat with a commercial grade wharf piling with spikes..babbling goat faced sloppy pig
Not smarting at all. The mandate in the PPT was clear with 3:1 in favour of Jake. The culture of this site prefers Jake as a tabbed blogger and I’ve enjoyed his quality writing, as long as it’s about equities and not politics. This is not a site, imho, to go brandishing about one’s libertarian jingoism – it’s about banking coin regardless of the external circumstances.
I was simply commenting on Jake’s “rare intraday” note.
While Fly aims to increase this site’s ratings, the problem is that the vast majority of the tabbed space STILL blogs before or after market hours.
CA and Alpha being notable exceptions and most of CA through his commenting on his trades.
Let it go man.
Well Fly, at least you won’t be buying at “The Top” today 😛
Perhaps you should change your name to Cuervos Whine?
I am still all long from Feb.
I have a swack of gold that seems to counter-balance market corrections.
Inflation is kicking in so now is the time to buy or build a house.
I send love letters to Karen Tso filled with Libertarian jingoism all the time. I’m pretty sure she thinks it’s hot.
Fly, you need to go take a good shit and get rid of all those mustard seeds and green shoots you’ve been suckered into eating. You are a hopeless member of the stupid cowherd in a BEAR market and a DEPRESSION that has years to go. You’re not very smart. Must be all those years you spent with the bullshit wall street scum. BTW, how are those rising interest rates “nothing to see here” that don’t matter working for you today?
Dr Phil is mrkcbill’s primary care physician.
If your girlfriend doesn’t think libertarian jingoism is hot keep looking.
No markets without libertarians hedging the nutjobs that we have now.
60% cash looking at BOOM,GLW and EXEL (because Henry is GLD)
Sold 1/2 my GLD should have gotten TZA earlier. Here it comes again.
Isay:
Word. I’ll add that if she won’t ride naked on the back of your horse in the Devildog apocalypse and can’t shoot better than 1 MOA, likewise, look elsewhere.
Granpa set a stop on IMGN @ 7.25
DVAX 1.30!!!!
1.32…thanks HF
DVAX news has to be good I would think. Perhaps a partial or full lift of the PIII trial halt, or the FDA calling the current trial good. Up to 1.33. My base is 1.21
Corning raises 2Q guidance on strong LCD demand out of china.
http://www.corning.com/news_center/news_releases/2009/2009052801.aspx
Nice kids! DVAX Nice!
DVAX should tap 1.55 at least!
Madison I believe news is pending that will take DVAX to $2 dollar range before basing there and waiting for the BIG FDA okey dokey.
Henry, How would you play this into a market reversal? Im planning to hold overnight at least.
Indeud. Thanks, Henry.
Looking at where DVAX was before the clinical hold was put in place, and the fact that only one subject suffered adverse event, puts the risk-reward in DVAX’s camp. If anyone else came down the problem, zero. It either goes to zero or it goes to $2-3 on immediate short-covering, and maybe to its pre-clinical-hold levels if the FDA’s feeling generous. At $1, and with the new data from the PHAST study, I like those odds.
Disclosure: Long DVAX.
(clarification of my opinion re: signfiicant adverse events: if enough people such that the p-value is of statistical significance, but the PHAST study suggests the drug is at least as safe as the competing drug and that the SAE was a fluke)
(Sorry if this post appears twice. Heh. Saved by the bell. My original made it, but didn’t appear on the main page for about 5-10 minutes.)
FLY is gonna come in hear and scold me in minute for mucking up his blog with penny talk!
Chill!