I took egregious profits (15-20%) in both RFMD and FSYS this morning. At current levels, my cash position is north of 20% or more money than you can fathom.
What am I really doing here? I am shoveling shit back and forth, creating nothing, simply taking dust and building mountains with it. I am dealing with the rubble of an empire in ruin and profiting from it. Fuck it, someone has to do it so it might as well be me.
I am not feeling today’s tape. It has a certain feel of “Dykstra” to it. But, at the same time, I respect the rally enough to forgo any short selling expeditions. My strategy is to raise cash and buy dirt at a discount.
Some of my go-to names are GLW, OVTI, STAR, FTK, GME and ATHR. Additionally, I will buy energy names on this fucked up drop, starting with ERX, then ARD and SU.
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that congresswoman just owned bernanke
10001010101100100100100101
10100100101001010100100010
My robot has taken over the helm.
Fly, you are a cow in the cowherd. I can’t believe you think we will have a V shaped recovery. You truly are an idiot.
Fly, you are a dumb ass. You’re also full of bullshit. I suggest you go take a dump to clear your head.
Did you dump the SONS or holding?
Thanks
Establishment cheerleader Bill Gross in his June 2009 IO just said:
“Holders of dollars should diversify their own baskets before central banks and sovereign wealth funds ultimately do the same.”
Considering the source……fuck.
Dev:
You’re very angrified today. Wuzz up? Is there anything I can do to help you?
TX
Yes, consider the source.
He’s a lying piece of shit. He would have diversified what he needs to by now. All he’s trying to do is move the tape his way. The guy’s a dick.
Is that the real DEVILDOG? Does not sound like him to me. Can we get him his own dedicated nick?
Cheers!
Everyone thinks we’re in a new bull market, which is exactly why we’re not in a new bull market.
The masses are eagerly waiting to buy the dips of this “healthy” pull back, until it turns into egregious profit taking, then outright selling.
The 200dma fakeout will not take.
Sold SONS.
Devildog:
You are not qualified to speak to me directly. If you want to pass a message along to me, you will need to ask permission first.
Like GLD here
Chilling article. Al-Qaeda wants to smuggle anthrax into U.S. No planes. No planning. No conspiracy required. Just sprinkle 4 pounds on the White House lawn and kill 330,000 people.
I’m so glad we’ve decided dunking their heads underwater is a bad thing.
http://www.washingtontimes.com/news/2009/jun/03/al-qaeda-eyes-bio-attack-via-mexico-border/?feat=home_cube_position1
Everyone reading this can go fuck a goat.
“Everyone thinks we’re in a new bull market, which is exactly why we’re not in a new bull market”
Wrong! Everyone is thinking like you, which is exactly why we will stay in a bull market.
Going into next quarter for the banks…What does everyone think of UYG? I’m in at 1.96 and I have a recurring dream that this thing goes to 15 in the next 24 months.
lol, Woodshedder.
Binary solo (@3:19)!
http://www.youtube.com/watch?v=WGoi1MSGu64
FLY,
Do you still like ENTR?
Thanks to the bloody villain TSO, I am kicking dirt today, but I also consider this pullback a nice opportunity to leg into some names that haven’t taken a breath in weeks…
IOW —
Jacksonian Fire Sale!— mithaflickaz!
_____________
To Fly,
Have you considered a persistent profit taking move ?.
I mean, who ever is chasing the uptrend today buying at the dip could get burn fast.
Commodities are way ahead of themselves, and the real market conditions have not improved that much, and tomorrow the worst fear could crystallize in the market again with more people without jobs.
Bottom line, the last move to 950 (S&P) looks to me like suckers money, go ahead and chase it. I just don’t buy it.
love entr.
I’m pretty sure CAP will suck his own cock if we have a “V” shaped recovery.
This year, the adage has been changed to “Sell just after May and go away”. Carry on…
MM
Al..your suggestion UYG could go to 15 dollars..not cents right..hahahahahahahahah you moron..long term banks will implode…UYG to $15 dollars…funniest shit i heard all week. Sell it and send me a bottle of Johnny Walker Blue immediately.
Great American Patriot, cowering, wrote:
“Chilling article. Al-Qaeda wants to smuggle anthrax into U.S. No planes. No planning. No conspiracy required. Just sprinkle 4 pounds on the White House lawn and kill 330,000 people.
I’m so glad we’ve decided dunking their heads underwater is a bad thing.”
You fuckin’ right wing wusses are pathetic. Scared shitless of “attacks” and “moving the Gitmo prisoners to the USA” and “NK Nukes” and
“Taliban in Pakistan”.
You wuss mama’s boys must have spent your first 13 years under your mama’s skirt.
MAN UP fer Chrissakes!
What do you guys think of the battered down ERX and EDC right now? Fly, is ERX at a bottom for you?
Hey Fly, stick your V up your ass wide angle first. Idiot cow turd.
Wusshater:
You may be shocked to learn that London, Lebanon, Madrid, Bali, Kohbar Towers, USS Cole, Lebonon, WTC ’93, 9/11 are not figments of you imagination.
I’m sure you mother regets not aborting you when she had the chance.
Why don’t you put a loaded double barrel shotgun in your mouth, pull both triggers, and finish the job?
Worthless piece of shit.
Fake Tough Guy Wusshater —
What are the odds of his ever having seen the inside of a military base?
“Snivellingly Low” — Green Button
“Sovietly High” — Red (of course) Button.
____________
Is this the start of the head for an head and shoulders topping patteren. I don’t trade much in the summer golf is more fun but if this happens I will be back in and The Dog will be saved !
I’m getting my eyebrows punched off today. Not fun 🙁
Great American Patriot (read WUSS!) wrote:
“Wusshater:
You may be shocked to learn that London, Lebanon, Madrid, Bali, Kohbar Towers, USS Cole, Lebonon, WTC ‘93, 9/11 are not figments of you imagination.
I’m sure you mother regets not aborting you when she had the chance.
Why don’t you put a loaded double barrel shotgun in your mouth, pull both triggers, and finish the job?
Worthless piece of shit. ”
**************************************
Is the diarrhea of FEAR running down your leg,
Great American WUSS? “Help! Wahh Waah! we might be attacked again!”
Have your mommy give you a fuckin’ pacifier.
Dr. Woodshedder,
Today was a pretty much an expected day no? Aren’t we suppose to be bouncing around back and forth between the 200EMA like the QQQQ’s did?
200EMA is a 923 for SP500
Wing-nuts like Great American Patriot have got to be the biggest set of unprincipled pussies on the planet. Everytime they read “scary” articles about anthrax and what not, they throw their whole value system out the window. All of a sudden these assholes are condoning torture on TV because we’re getting a taste of what we dish out as a country……maybe next we can debate slavery or women’s sufferage? Wing nuts are such pussies…..l2manup
Big Mike, I expected it. Not sure anyone else did.
I’m not sure what we are supposed to be doing, but I sure hope my model has me cover my SPY short before we bounce from the 200 day.
Seems to be alot of hate going on here. Save it for Eddie Haskell.
I hope you guys heeded my word on taking some DXO off the table at 4.50. With respect to UNG I am adding more under 14 at all cost. Other than that my short Gasoline is holding me up along with my other shorts. More later….
Buying back aussie/yen, Aussie/Dollar and Dollar Cad.. Just a 1/3 of my pos that I expect to carry. Will only add on an upmove.
I am also expecting a bounce off the 200EMA for the SP500…
We are about a point away….If we close below it though, It will definitely raise a red flag.
Big Mike, I’m looking for a monthly close above it to change my bias from cautious to bullish.
See the 200 day sma on the $DJI for the obvious reason for this decline.
Cuervos:
thanks for the inspiration to cut earlier at close to the top on those currencies
Bought 1/2 position in EWH on the basis that HK has a V shaped recovery… Please take note Dev
Credit suisse thinks the US has troughed out and we’ll see recovery 3rd and 4th quarters… Possibly suggesting a V shaped recovery…. Please take note Dev.
You guys have fun with todays fuckery, I have more important shit to do.
These asshat hosts on TV turn on a fuckery dime. All roses and sugar plums yesterday, now one day later, gloom, worst jobs numbers, uncertainty…. what a bunch of hooligans.
why couldnt the entire CNBC staff have been on that plane that crashed…instead of families and kids…? Can we STFU about fucking GM…fuck them another bankrupt piece of shit bloated fucktarded operation with shit vehicles…
Cash:
Why not the entire US liberal media instead of those poor souls.
This furthers my determination that if ain’t a Boeing I ain’t going. Never ever fly Airbus as that Eurotrash shit is simply unsafe at any speed.
I VOLUNTARILY risked my life every day for 4 years commanding a combat engineering unit so that idiots like wusshater and TX Slave Trader have the freedom to verbally attack me for posting a link to an article. Unprovoked, no less.
Does anyone see the irony?
fly, i as well think you are full of shit. I dont believe one word you say as your so called godlyness has nothing to do with my 1000% return since 2007…FYI, i always go opposite your positions, that way i know i can take your money, thanks DONKEY
You misspelled “Godliness” you fucking putz. Go back to school then get back to me.
time for a new post – this shit is getting stupid. wtf does any of this nonsense have to do with the market?
move it to airdisaster.com
Yes, I bowed to the Great Obama. He is the Chief Czar who appoints lesser Czars such as the Car Czar. All of you people should humble yourselves before the Great Obama. He was once a community organizer in Chicago. He only vaguely remembers people like Tony Rezko and Reverend Wright.
Fly you starting your ERX buys or you waiting here?
OK, I’m done slumming it with you idiots. Off to the PPT…
Could someone kindly inform me as to when Credit Suisse earned back their credibility.
FCX is a HUGE BUY!
$52.50 was my bogey target…watch the bounce
This is the reason to fallow prices first and forget about what you think. Take money managers like asset allocation.
Most money managers are stupid fucks but if you have more money than the rest of the players it makes the stupid smart! Don’t ever forget that this is an Auction and fools with big money can rule at times. Sector rotation 101.
Just picked up ERX @ 34.40
Fly, please be gentle with Devildog. After losing his Viper to margin calls and being forced to drive a Yugo while eyeballing his pathetic five figure account, he is very depressed and filled with jealousy of “space alien magicians”
such as yourself.