I know a lot of you bastards thought we’d melt down into the bell. For a minute, I was thinking it could happen, but then I punched myself in the face—to snap out of my stupor. Shortly after busting my nose, I bought more Corning Incorporated [[GLW]] and took a bank onto my books, via a light Umpqua Holdings Corporation [[UMPQ]] purchase.
With rates climbing again and the dollar firming up, the bears thought they had the initiative. Instead, the bears were tossed into “murderholes,” because bull runs do not die easily. Moreover, if you choose to get in front of one, with your bullshit sell tickets, you will get owned, drenched with gasoline, then lit.
The street is waiting for RIMM‘s numbers. Providing their numbers do not conjure up fresh thoughts of Armageddon, the market can move out of the idiot box, on its way to 1,000 S&P.
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FIG
Since you’re going to have to fix this anyway:
drenched with gasoline, the (sic) lit.
Might I suggest…
… then lit aflame like a ball of Halloween styrofoam.
I feel like I need to get some agression out on the silver bears, ovah heah.
Fuckers.
____________
RIMM just got Debo’d. Party is over boys. DevilDog is coming out to play.
Bought RIMM 71.95
rimm will be up tomorrow
Fly,
What are your thoughts on these RIMM numbers?
wake up the fly, u r not agreeing with market momentum
Buying large amounts of Rimm 71.67
‘D
Better than expected does not work no more? RIMM is down AH
then perhaps you should buy some.
Still a fascinating story…
…and Bernie Madoff got mentioned every 32 seconds for 4 months but NOTHING on this?!!!??!?!?!?!
http://www.bloomberg.com/apps/news?pid=20601039&sid=a62_boqkurbI
134 bill is chump change—a night out on the town.
The FIRST 100b is the hardest!
Can anyone spare 1b? Even 1 ‘buck’ would help..
cheap bastards
Free footlongs in the CA room.
I love AH trading more than intraday trading – GO RIMM
Fool’s pick SWHC looks ripe again. Good AH action from earnings.
the 134.5 billion mystery– more reading here:
http://www.theundergroundinvestor.com/2009/06/the-strange-inconsistencies-behind-the-134-5-billion-bearer-bond-mystery/
and follow up here:
http://www.istockanalyst.com/article/viewarticle/articleid/3274239
Great reading.
CA gives out free hot dog factories daily. Great day trader.
fly listen to danny
CA is Abe Frohman!
Listen to danny?
Umm, the market was up today.
Danny’s horrible.
“134 bill is chump change—a night out on the town.”
Maybe in Zimbabwe!!
Went out with a few hedgies last night and got home about an hour ago after spending several hours at a tit bar with them. Anyways while we had the gals dancing all over us we got to talking about the market.
Both dudes are quite successful traders working for two large american hedge funds that operate here in oz.
Both think the markets are heading much, much higher simply as a result of interest rate and fiscal stimulus. They think the rally could be huge even from here.
j,
you realize of course that you’re a permabull and that you only heard what you wanted to hear
anyway, large hedge funds are always bullish
how did their fund do last year? beat the market by only being down 15%?
j,
GA makes a very good point.
And j…not for nothin…but the gratuitous mention of going out to a “tit bar” only reinforces the perceived predilection you have for men, albeit…not short men.
If you want to be taken more seriously, they are called tittie bars, or strip clubs. A “tit bar” sounds like there is only one tit in the whole joint…and that sounds like a freak show. Now get with the program.
Joe
RIMM will be up, Goldman and Citi will make sure of that. Too many of their clients playing with the $85 – $90 target range.
I wirl be raunching soon, aloha.
Joe:
Stop being an idiot all the time… there’s no credibility in that direction. If you’re short, which it appears you are then you have even less cred. It sounds as though you can barely make it to 5 feet… Am I right?
——
GA:
I’m a bull because the market dictates me to be. I was bearish for around 12,000 to 7000. From then on I turned. I’m right, and you’re sucking wind. In fact all you bears look like skinny plucked dead chickens waiting to be cooked..
These two guys actually made money, GA. they started getting short in 2007 and basically stayed that way for 15 months.
They were hellish long US bonds too. And no both their firms didn’t lose money.
Yes, I averted profits again today and continued with my losses but I did it very creatively. My $.05 trailing stop kicked in early in the morning when ISTA hit $2.80…..right before it climbed to $2.95.
Btw, it’s good to see someone other than me knows who Debo is.
Kass said he was shorting RIMM afterhours…
j,
Oh, in that case the market is definitely going higher, I didn’t realize how credible your sources are when you initially referenced your conversation with these two random dudes at the strip club.
Downward trend has begun….
here’s why: http://www.youtube.com/watch?v=5rbUH_iVjYw
Hugh Hedley points out that the market closed down for each year, 1929, 1930, 1931, 1932. but had a big rally each year – it was the deflationary depression. He doesn’t believe that we are not going to repeat something similar. He asks the question what if the central banks are not doing enough? – what if they underestimated the situation? I think that Hedley is correct about the huge capacity built up in China and the world – not enough buying power to meet that capacity for a long time because it was borrowing and leverage – a bubble created the capacity.
Tell the deflation czar to work on healthcare and education. The only thing deflating is housing and shit made in china.
Tuition and healthcare costs are increasing 10% this year. It really doesn’t matter at this point, as they have been outrunning inflation by 3 to 4% annually.
You can only compound the increases for so long until the entire system cracks.
There is no need to do quadruple bypasses on 78 year olds at a million dollars a pop.
There is no need to graduate from college with a liberal arts degree to the tune of student debt at $60k+ .
I’ll be back in a few years, j and some of the other ‘tards on here will still be arguing bull/bear vehemently and the S&P will still be right where it is today. ::yawn::
Joe Says:
If you want to be taken more seriously, they are called tittie bars, or strip clubs. A “tit bar” sounds like there is only one tit in the whole joint…and that sounds like a freak show. Now get with the program.
Joe
LMAO. Thats the funniest shit I’ve read all year.
Kass is a moron.
lol @ rimm. right back to about where it closed.
“The next Qualcomm? http://bit.ly/2fdF9N
Sad thing is, Rambus (RMBS) should have been the first Qualcomm. They were totally ripped off by the chip manufacturers, starting with Infineon – a spinoff of Siemens.
Rambus’ opening statement in their court cases: http://rambus.org/legal/opening.html
Rambus’ inventions were responsible for the gigantic leap in computer microprocessor/memory speeds we have today. “
AGO gets hammered (again).
all you fools argue about is who was long or short and when. None of you log your trades like Fly, CA, or RC does. This discussion is a fruitless and asinine waste of your time, unless you derive pleasure from inane online ramblings.
I just created a Covestor account, so you homos will always know where I stand and where I’m coming from. I’m not doing this for your sake, but for mine, that perhaps a few will follow in my manly, fearless example and sublimate themselves from the dregs of pure feces which occasionally, unfortunately, represent themselves through commentary on this otherwise decent stock market forum.
the link attached to my name in commentary will now go to my Covestor site. Why not do the same to lend yourself some actual credibility?
GA:
No GA , the market is not going higher because I say so or because those dudes agree. It’s going higher because it is going higher and there’s nothing you or anyone can do about it.
Now you can try to kill the messenger and belittle people that suggest it or you can continue to go short or stay short and possibly lose money.
Unlike the lunatic devildog I don’t hope people die or lose money if they disagree. In fact I take no delight in other people’s misery.
——-
Cap:
You obviously have the sense of humor of a retard if you think that’s funny. Please refrain talking about something humorous as it could make all the kiddies here cry rather than laugh.
Now please get back to sucking your own dick. That’s funny.
Hi Hammy, scummy here. Why are you harshing everyone’s mellow? That covestor site has very little info. As of the middle of next week yours truly will be 80% bonds 20% cash. I don’t need to play this f@cked piece of sh^t when it’s like this. However, I have made some damn good calls and am up over 20% this year with a mere modicum of funds. Take a chill pill.
BTW, Texan eh? Boomer Sooner!!
j,
Are you of the opinion that SPX 666 was the bottom?
If so, I will bookmark this page and remind you at SPX 600 that you were wrong, and that those guys at the strip club were wrong, and that those ladies at the bowling alley were wrong, and that those old men at the gym were wrong, and that your neighbor down the street was wrong.
scummy,
it shows only part of the picture, but it seems to show as much of the picture as is reasonable to make public. I’m drawing a line in the sand.
I still have some SPX left but I plan on selling everything soon and am devoting myself to bonds as long as the gubmint is going mishugena with the borrowing (probably the next two years at least). I still like discussing equities though, very stimulating.
can i just say … all of you are fucking out of your minds. Hammy – no one needs to post their trades, they just need to stop being dicks. GA – no one gives a shit who predicted the bottom. all anyone cares about is right now. we can trade a new bottom later. 3B – what’s with the switch to bonds? that’s completely bizarre — unless you’re trading the 3x’s you might as well stuff your foldin’ money in the sofa.
everybody just go to bed.
oh shit. i just realized you all did an hour and a half ago… carry on…
i’m pregaming before going out. until that point, and after I get back, I will keep calling people out on their BS. quit getting in the way of my gladitorial commentary
GA:
Do I think 666 is the bottom. I don’t know. That’s a stupid , devildog like question to ask. All I know is that the market seems to be heading higher on this cycle.
That’s a stupid question to ask. Do you think 14,000 on the Dow is the ever top high, dumphy?
We need to do a voodoo ritual with the bears. just look in the friendly NYC neighborhood for assistance :
http://adjix.com/p6bd
here’s your voodoo ritual, the “Bear Dance”
http://www.directartwork.com/ebay/photos/3-The-Bear-Dance-2.jpg
wow, not too many Ugos are logged on tonight. nice.
Hammy- Be careful with the flying. It is like trading, take wild chances, ignore your system, no plan and you wipe out. One difference, a bad flying error is fatal.
3B – what’s with the switch to bonds?
It’s a gamble as part of an overall strategy. IMO if yields go higher the RE & CRE are uber-f@cked. The fed, being stupid, won’t figure this out for some time, by then I will be in position for capital gains. You think gambling and making 20% in equities is honorable, yet gambling and making another 10% in bonds is not? Money is money.