There was clear evidence of rotation today, out of small caps into larger names. Take heed and allocate accordingly.
Personally, I did well buying dips in OVTI and ATHR. I really like today’s dip buying opportunity in GLW, based upon fervent demand for LCD’s in China. From what I can tell, the stock sold off, due to weak LCD sales at COST. Then again, WHO THE FUCK BUYS LCD’s FROM COSTCO?
Another big name worth accumulation is DELL. Should the stock sell off, following the numbers, I will be buying more—based upon a robust balance sheet and inevitable rebound in PC sales.
Your attempts to end the world, on a daily basis, remind me of the rantings and machinations of none other than Pinky and the Brain.
With my money, as always, I will continue to work against you.
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posted this in wrong section:
4:09 pm
GLW: Corning.
Citigroup coming out right now Reit Buy and raise target to $20
Cowherd loses today. Lower low and a lower high. Cows will be fucked tomorrow. Stupid cows.
Fly, do you really believe the bullshit you spew? Are you really that fucking stupid? Rebound in PCs? You’re a fucking idiot.
Much like you said the market would close red today DD?
blahhhh: “The Fly” vomits on DevilDog.
I had a wonderful day today myself with outsized gains in UNG, DXO (Fucking up 70% on a $48k position!), GME and DRYS while my hedges did what they are supposed to do.
On another note I just got back from doing research at a large data center and the fucking place is empty now. Wow, if business picks up hard someone will have to buy shit soon.
Rotated myass out of small caps and into bonds, Screw the market, it’s going nowhere. Barry-O is going to own everything soon anyway.
http://www.rohrintl.com/pdf/BU090527.pdf
I’m getting frustrated by this FTK position. Natty moved up but Flowtek stayed put. Is there really going to be a secondary offering? What do you think Fly?
Fly, you got it right again. Thats 6 to you and zip to me. Still close. You going to bank RFMD? Might see some selling tomorrow because of month end.
By the way Jeff Macke confirmed he is still on Fast Money and still thinks everyone else is crazy on car people.
Why would anyone be stupid enough to trade against the Fly (DevilDog)? He always wins (even when he appears to be losing)!!!!!
PS- Jake Gint is fucking brilliant!!
OmniVision beats by $0.03, beats on revs; guides Q1 EPS above consensus, revs above consensus (10.58 -0.04)
Reports Q4 (Apr) loss of $0.30 per share, excluding non-recurring items, $0.03 better than the First Call consensus of ($0.33); revenues fell 47.3% year/year to $89.1 mln vs the $68.2 mln consensus. Co issues upside guidance for Q1, sees EPS of ($0.16)-(0.07), excluding non-recurring items, vs. ($0.23) consensus; sees Q1 revs of $90-100 mln vs. $74.37 mln consensus.
Controller:
There are new terms with Wells that can trigger conversion of bonds to equity, which is hanging over stock. Once the financing is out of the way, I believe FTK will rip.
Jeff Macke today on Minyanville:
“Wall Street hasn’t been this much of an insider’s game since the 20s.”
“What you have left are sharks fighting each other and going into collective feeding frenzies selling moves like the in-one-week GM double. The unknowing in the pits are chum for the sharks. (As in bait, not pals.)”
http://www.minyanville.com/articles//5/28/2009/index/a/22846
I trust in The Fly, I’ll be patient. Thank you for the response.
wow, he could not help himself but to mention drugs few times. I liked the last quote “casual trading as a hobby is akin to dabbling in heroin”
my parents bought a LCD Sharp from Costco….great deal, great return policy!
note on IR tonight: – Potential Index Removal Could Create Buying Opportunity.
Shareholder Vote Pending — IR will hold a special meeting for shareholders to vote on the reincorporation to Ireland on Wednesday, June 3rd.
? Removal From S&P and Russell Likely — IR will very likely be removed from the S&P and Russell indices following approval by shareholders. While the exact
removal date will not be known until the S&P confirmation, we expect it will be within a few business days after June 3rd.
? Passive Index Fund Mandates Trigger Technical Pressure — Our portfolio trading desk estimates ~13% of shares outstanding, or 42mm shares, are held by index funds that will be required to sell the stock post reincorporation,
including funds indexed to both the S&P 500 and Russell indices. Based on the trading pattern of TYC during a similar event recently, the vast majority of index funds will close out positions on the last possible day in order to avoid tracking error. Hedge fund and other anticipatory selling could create selling pressure earlier and mitigate declines on the day of removal. Reit Buy, $26 trgt.
Macke also said:
“All apologies to those offended by the absurd (and endless) bailout of General Motors (GM). If you’re delighted to pay for the better part of Detroit, I really can’t speak for or to you. You likely think I’m crazy, and I doubt you understand what’s unfolding before your very eyes. If you’re actually in favor of leapfrogging socialism straight into totalitarianism, let’s just agree not to talk to one another at all.
Regardless, I haven’t been “kicked off” or “put on probation” from Fast Money. I plan on being there next Monday. That’s simply all I have to say on the matter.”
Thanks for the Macke link.
A new way to fight the fleecing of America.
Your house is being robbed so I’m going to borrow $100,000 in your name for you (no thanks required) and give it to the criminals who robbed you. This should slow down the process so you aren’t robbed again so quickly. If it ends up being a total loss for you it’s OK because you won’t be alone. We are offering the same program for everyone who pays taxes.
Ain’t I smart?
Where dooes Larry Kudlow, the idiot, buy his suits? Or did he buy them back in 1955?
By the way Jeff Macke confirmed he is still on Fast Money and still thinks everyone else is crazy on car people.
Untrue.
Macke’s next media appearance will be as the fun-loving “Curly” character balancing out the zany antics of “Frick and Frack” on NPR’s Car Talk.
____________
Aristotle —
Dad, cut it out already.
😉
____________
Thanks to all for the DVAX. Hope theres more to it than just smoke and mirrors.
seek2k
WHO THE FUCK BUYS LCD’s FROM COSTCO?
Just inside the front door of nearly every Costco are two or three rows of LCDs. Followed by cameras, iPods, computers, etc., etc.
A lot of people are buying LCDs and other electronics at Costco. You don’t need to visit a Best Buy or some other electronics retailer if there is a Costco in the neighborhood.
Beer, steaks, toilet paper, and hey, don’t forget the 52 inch LCD.
Where do you get your information FLY? If you actually read my real-time twitter: https://twitter.com/firstadopter
You would of known Costco said unit sales of LCD TVs were up 30-50% y/y on their earnings conference call. Geez. You need better sources of information.
The bulls pull out even more great news!
http://finance.yahoo.com/news/Borrowers-with-good-credit-apf-15376981.html?sec=topStories&pos=main&asset=&ccode=
We should moonshot tomorrow.
Firstadopter
A. No one gives a shit about your twitter feed or nonsensical website.
B. LCD sales came in below estimates at COST.
C. My information sources are unmatched.
“I’ll have to scrimp to get by”…..The New Normal.
Gap that is a big # 12%… Makes me wonder what a lot of money is. What is a good household income? How can people make it with family of 4 or 5? College , Health Ins., Auto…the only way would be working like a China man with no play. I doubt if The Cheescake Factory fits into the new normal.
Ho hum, just another 331 basis point up day for the Jacksonian Core Holdings Portfolio…
It gets almost boring doesn’t it?
Well, here’s a little bit of excitement, at least. I’ve added a 15th member to the JCH portfolio, und I zink you vill zee dat Vee ah AWL driven be zis Zoopah EGO!
________________
So you can buy beer at Costco in the states? Never thought about that. Sweet.
Is it cheaper?
Damn Canadian liquor laws.
Problem is (if I ran the #’s correctly) is that her mortgage was too big even with her additional 20K in income. The “criminal” part of this is that people were allowed to lever up with too much house and too much mortgage because “houses always go up in value”.
mega insider buying in PCU
Canadian,
Not sure how the beer prices compare, but the wine prices seem to be pretty good.
Space Alien Magician
http://www.youtube.com/watch?v=AYxu_MQSTTY
Canadian,
The fine Hard liquor is great, also. They have a very wide selection in nice, giant bottles.
Anyone here with a Google G1 get their update of firmware 1.5 yet?
tomorrow down just like i called tuesday up. wednesday down and today perfectly with us going sub 888 before rebounding. Down tomorrow to close on trendlines. Monday is the gameover.
“The Grand Illusion”
Like “Fly” says…The only game in town…
Who cares what we know
Who cares what ‘should happen’
The numbers are being manipulated for our welfare, the market rises, things get bought, things get sold….we make money
Tomorrow is another day, another opportunity to be ‘right’ or to be ‘wealthy’
Fuck’m all but six
You still need pall bearers
“Nat-fuckin-Gas”<—-your 2nd chance to get in low
clean burning fuel….do I really have to explain this?
JOSH
This is fair warning. I have grown tired of your retarded ways. If you continue to get the market wrong, in such a vocal manner, I will be forced to ban you from the site.
You have been warned.
308, where did you see that upgrade and target news on corning?