If you notice, a lot of small cap names that were flying higher, into the rebalancing of the Russell on Friday, are now nosediving. Consider it a wash and move on. What’s important to note is the resilient price of crude, stubbornly sustaining $70+ per barrel. In my opinion, today’s market strength is screaming “fresh leg higher” for indices and demand your attention.
I know it’s slow, summer, low volume fuckery. However, the market has been basing out for awhile, digesting recent gains. If this fucker will not sell off, well God damn it, it’s gonna break the fuck out.
With my money, I like TEKELEC [[TKLC]] , [[ARMH]] , TeleCommunication Systems, Inc. [[TSYS]] , amongst the usual suspects.
One thing to note: we are nearing the end of the 2nd quarter; therefore, beware of end of quarter trickery, as money managers window dress their asshole funds. In others words, before I sign up for the “fresh leg higher” thesis, I need to see the market continue to move higher, AFTER June 30th.
Finally, the banks look pretty good today. I am sure there are many worth buying: for the record, my exposure to the banks begins and ends with Umpqua Holdings Corporation [[UMPQ]] .
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JIG
Let’s rock and roll!!
common FTK, call those converts….
FTK is a turd
of course it is. It’s a $2 stock.
fly, what catalyst do you think would move FTK? It seems like it is dying a slow death…
the banks suck goat balls…people are walking on credit card debt faster than Obama can print money…banks cc portfolio’s are getting crushed…FAZ very soon for me laddies..perhaps today.
Tomorrow will be interesting enough, as that is purportedly the deadline when several states must fix their budgets or begin handing out IOUs.
FWIW Magellan Fund boosts GLW as its top holding and ousts NOK.
Zeph
Financing.
June 29 (Bloomberg) — Bernard Madoff was sentenced to 150 years for masterminding the largest Ponzi scheme in history, six times longer than the penalties meted out to the chief executives of WorldCom Inc. and Enron Corp.
I’d call that judicial overreach. Surely the court doesn’t expect the maker to follow its ruling.
Fly…WOW !
Been away for a few days…hardly recognized the place !
Nice new look…pretty damn slick !
Congrats !
.
jsut a little 5 minute break;
high culture at the Sydney opera house. Was only once allowed to venue boxing and then promptly stopped.
http://www.youtube.com/watch?v=7tsZPKYte2s&eurl=http%3A%2F%2Fblogs.news.com.au%2Fdailytelegraph%2Ftimblair%2Findex.php%2Fdailytelegraph%2Fcomments%2Fopera_cut%2F&feature=player_embedded
what are the thoughts on going long banks via UYG?
UYG is ok.
Did O just say that CA.’s economy is doing well????
AIXG is your play for LED technology, fyi.
http://www.youtube.com/watch?v=I4DSynwjqwM&eurl=http%3A%2F%2Fibankcoin.com%2F&feature=player_embedded
That was the best opera I’ve ever seen, J.
Greg Solomon in the Movies?
CROX anyone???
Granpa- I think I heard the same thing about Calif (could be we need our hearing checked).
I think he means the Calif. economy is good for him. So that people will be begging him to get even more involved in running the private sector.
Looking at the S&P, is this the 2nd shoulder of the H&S or the start of a new push upwards above 950??? that is the question!!!
i think a close above the 20 day at 926 could be very bullish…close below and we could be heading down…
No Crox for me. If it gets in the $2’s, maybe.
Umpqua Holdings… Umpqua Holdings… hmmmm….
Trying to think… Isn’t that the bank run by the snippy guy in the top hat, and with all those short , artificial bronzer addiceted tellers?
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Jake- Who is the NY Giant on your avatar?
By the way my son told me that some of the Mannings were spotted playing golf a couple of weeks ago at a course he was at in NE Mississippi.
“Jake- Who is the NY Giant on your avatar?”
ROFL
Wait for it Caddy.
Not a Giant?
Jake- Who is the NY Giant on your avatar?
Holy shit, I would strike you if you were in front of me right now.
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Okay, I just thought to myself… “Many years on the golf course has given this man cataracts…”
So, if you do your penance and watch this compilation, all will be forgiven.
Awesome music, to boot.
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They say celebs die in threes. Leave it to Billy Mays to throw in one extra COMPLETELY FREE!
That’s LaDainianTomlinson…
LaDanian Tomlinson gets on his knees every morning and thanks the Lawd he was still in HS when LT retired.
Gimpy kneed p-ssy!
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Oh. Number 56. I thought it said 66.
Already had my cataract operations (seriously).
But as a side note I did meet him at The Grand Cypress golf course about ten years or so ago.
He was long off the tee but no clue where it would land.
lol – perhaps…was just trying to give Tradercaddy a hint.
But i think your LT tribute video set to this music would be more appropriate, no?
TC — was he all kindsa coked up? He loves golf, apparently self taught.
Trying to think of a famous #66 Giant… William Roberts maybe?
__
Not sure who 66 was but I thought that was the number.
Taylor seemed nice enough. His group was in front of ours.For some reason I meet these people on golf courses. I have run into Richard Todd (ex-Jet)(but you already knew that) a number of times as his kid played golf for the Univ. of Alabama. Super nice guy and even gave me a cigar or two while we were walking the course.
Richard Todd is a big broker in New York. Fly prolly knows him. Joe Pisarcek (Giant QB of “the fumble” fame) is also a broker, but he may be in the mortgage backed side.
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True Story:
When I was living in N NJ I had ordered a new Volvo from the only local dealer at the time.
When I called to pick it up they told me that LT had come into the dealership and bought “my car” off the lot for cash. When I expressed my disappointment they said they’d get me another one. I waited six weeks for the replacement.
Needless to say, I never even got complimentary Giants tix out of the ordeal. I wonder who did. ;(
TC, still think you should consider Top Cat for your avatar:
http://splinteredsunrise.files.wordpress.com/2007/12/topcat1.jpg
Nasdaq butting up against the same trendline that held it down in early June. Be careful MF.
Zen, I wonder if the dealer was Brad Benson? He was a Giant OLineman for the ’86 Superbowl, and had quite a few dealerships after he retired… I remember one was a Benz dealership.
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