The “new economy” is well on its way to replace the old bullshit one. No longer do we need asshole brick and mortar companies. To live free, all we need is a good LCD teevee and a fucking smartphone.
Aside from the face punching I received in my Advanced Micro Devices, Inc. [[AMD]] gamble, I had a blissful day, with gains in just about everything, sans the bitch of a whore Flotek Industries, Inc. [[FTK]] .
Much to my surprise, numbers out of homebuilder, NVR, Inc. [[NVR]] were amazing. Can it be? Dare I say it?
I will not!
At any rate, while EVERY Tom, Dick and Harry waits for a market pullback, I continue to put my balls on the guillotine, via a large technology weighting. It’s amazing, frankly, no matter how well the market performs, some people ALWAYS highlight the negatives. These idiots always tell tales of “resistance,” whether it be on a 200 day, 50 day or 10 minute moving average basis. It’s easy to find and accentuate the negatives, masked through “technical analysis,” but hard to stick to a thesis with discipline and passion.The reality: people who use technical analysis are simply using a so-called “scientific method” to express their market bias. As a result, no two technicians interpret the market the same.
The purpose of my daily bashing of chart chompers is not to embarrass or belittle anyone, but to raise awareness to another form of investing, that entails the use of your fucking brain. Don’t become a lazy worshiper of idols and false profits. Investing is not about following the herd in and out of trades, but, instead, thinking independently using a thesis or a gameplan.
For now, my bias will remain to the upside, until the mood changes or the shadows near my favorite urinal tell me to sell.
NOTE: For the first time in internet history, “The Fly” accepted an online interview. Check it out.
If you enjoy the content at iBankCoin, please follow us on Twitter
Ah “mood change” investing. Senor Tropicana must own a mood ring then.
here we go with the TA bashing again.
Ever open your mind and attempt to look beyond?
This is what works for me, and extremely well I may add. TA is not for everyone.
Ahhhhhhhh
NASDAQ 5000 here we come.
Loading up on DITC and maybe my WebVan stock will be worth something.
Le Fly,
How many of these “LCD teevee and a fucking smartphone” are manufactured in the US.
How much employment will come from these “new” technologies of the future.
We need more than that my fine friend, it’s a good start but the “new” economy will need lots of jobs, you hear me, jobs!
That’s my “stick to a thesis” and it doesn’t look good…Who is going to buy all these gadgets and stock without income?
Come back to reality.
fuck your job
FLY that was amazing.
FUCK YOUR JOBS INDEED.
SHUT THE FUCK UP AND BUY AN IPHONE BITCH.
Good arguments guys, my thesis just doesn’t hold much weight against your insightful arguments.
I wonder if I can buy that Iphone on Ebay…
Punboy: LOSER!
What freaking argument? You’re actually suggesting no one in the US works? STFU.
If NVR is indicative of a sector wide surprise in the offing, might other housing/building suppliers (TOL, BXC, HD, LOW) be cheap heading into earnings? Seems like it happens that sectors out of favor get beaten down so much they end up being the best bargains out there.
I think you hurt CA’s feelings FLY… nice interview…. I agree. If you were not anonymous, it would take away from your flair
He did no such thing.
yea I know, just kidding… but I have seen that pro-TA versus anti-TA banter between you guys before
Nasdaq: poster child of “irrational exuberance” see SBUX for a picture. When this bubble pops again.
Fly its clear that you are slightly better than the typical buy-sider and will be holding your ass and I your coin in the months to come.
And still your moniker is bear
fly, you must not have liked your gravatar?
I made it “plain” like you said you liked it…..
o-well….
CA and the FLY are killers but are complete opposites when it comes to trading strategy.
Does Senor Fly even look at charts?
Fly Interview: Nicely done … what kind of viewership does that blog have … more eyeballs ovah heah?
Distinguished, indeud.
How sad would it be if iBC actually got a bump in hits due to that interview when the DK/CNBC mention did nothing?!
Look on the bright side DPZ, maybe you’ll get a few more people to read your PG posts.
ZING!
Although misguided (the intent was to joke at the expense of DK/CNBC), it’s nice to see you coming out from behind JakeGint’s skirt.
What if you use TA to support your Fundie thesis ???? can that be
That’s the Fly I know. Of course, many of us here sat in the study sipping Brandy de Jerez while watching 700+ down days and tossing lunch meat at the iconic Erin Burnett. What’s the infatuation with identity newcomers? Move on.
Y! Finance lead story for tonight:
Taco Bell ad dog Gidget dies at 15
Are you fucking serious?!
SELL!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
That’s the sign the bears have being holding out hope for.
Daily Thought for Le Fly
SOME PEOPLE ARE LIKE SLINKIES; NOT REALLY GOOD FOR ANYTHING, BUT THEY BRING A SMILE TO YOUR FACE WHEN PUSHED DOWN THE STAIRS
BTW…I have been running with your New Technology Thesis…..I think you are right on Scooter!
And so it begins. Get your checkbooks ready.
Delphi – 6.2 billion pension taken over by PBGC.
http://online.wsj.com/article/SB124826066892471781.html#mod=rss_whats_news_us_business
Hey j –
I don’t know if you remember my post that I was buying MEDX. I got in at 4.40 and kept adding until it hit 6.75
I think you said you were following me buying at 6.50
I said then that they were a good takeout target. BMY is buying them for $16. Now that’s something to shout about.
Fme:
you got me into that stock, moe. However I got out after a buck and forget about it. Good work,
Killer. Good on you.
There are times when technicals fail and times when fundementals fail. We call them “false signals”.
Look for Fly’s second interview… coming soon…
________
Fly, iBC is a great site, but linking to Metsblog from your twitter…egregious. The Fly, a Cerrone reader… good shit!
If you are a doctor prepare to be royally anal raped. Wow I am glad I did not choose that path, Obama will soon destroy your wealth.
Mouche, how much amd did you buy? 100,000 or so ?
Not giving up on my CIT’s demise = small cap destruction thesis, via TZA…since we’re all talking about putting balls on the line and shit.
From a macro perspective i see the California IOU debacle (2nd line suppliers can’t get paid), hundreds of thousands of nationwide furloughs, and expiring unemployment benefits making its way to earnings soon.
Fly can you have your lackey look into improving the search engine on your site, if you just added a date filter it would go a long way to providing better information.
This web site is a hamhanded conglomeration of Black Helicopter lore, Bircherite phantasmagoria, and political illiteracy. With maybe a little Illuminati and Elders of Zion thrown in
Wrong. Go post on infowars moron.
Felipe – Welcome! Do you trade? I hope so. I truly enjoy de-banking flame throwing ignorati. Many others here enjoy the same pastime. Have fun! That is all, carry on.
If he posts on a website he considers garbage does that make him a garbage collector?
If that is how it is, he better get a few cases of redbull and hot pockets because he has a lot of work to do if he wants to post on all of them.
For the over 30 crowd. Shit your kids would be clueless about.
http://www.wired.com/geekdad/2009/07/100-things-your-kids-may-never-know-about/
Class act on the interview Fly. Nice job hiding your true identity as a space-alien magician.
Just added a big chunk of SMTC @ 17.74
It looks like F posted a profit. I am most grateful I am not short right now.
Faces about to be ripped off bears.
Steal their face right off their heads! DOW 9000
Just a reminder: everyday DVAX doesn’t have news on HEPLISAV yet holds it’s gains. It’s building steam and credibility that news will be favorable. JMO of course.
Bought more ENTR at 2.7. Seller leaning on the stock this AM. Once he is cleaned up we will challenge yesterday’s highs.
Come on Kass wheres your team BEAR??
Henry, hate keep asking this but don’t see you here on the piker line much anymore, are you still looking at XOMA?
Sorry Artist I was busy in July vacationing. I’ll be around much more. Tell you the truth I have so much DVAX that I’m not interested in too much more speculation so XOMA shmoma for me right now.
Henry:
What’s you objective in DVAX and where’s your out if you get it wrong?
————–
Ford results were very very good.
I bought a little Ford to hold onto for a year or so.
For me on DVAX I’ll lighten up on the next surge over $2 if I’m wrong and we start trading down I cant say where I’ll react cause I don’t know. If I wake up to bad news one morn, or after hours…. well, I’m gonna try to avoid that by my scenario going to plan!
Everyone wave goodbye to ENTR under $3!
Where do you think ENTR is heading, Henry.
thanks for the other info.
ENTR has such a huge fuckin base built it could go to the moon on a break through $3
But I’d ask Señor Tropicana for a more accurate price target.
DVAX holders
You may want to wait for (14) weekly RSI to go over 70.
The daily (14) RSI is 73 but weekly is only 68 this could run
if it shows up on the 70 70 MOMO RSI scan
in ENTR, should’ve gone in when you said at 2.50
RFMD looking good ahead of earnings….
I hope you didn’t short my buddy HAL
nope. not shorting anything at the moment.
bad earnings, good earnings…doesn’t mean shit today…. everything going up
downgrades, upgrades, doesn’t mean shit today either…. everything going up
I do plan however to keep lots of powder dry for the fall as I predict once this run up has peaked, the market will reverse enough to put in some shorts.
What is going on? Market rockets up in one hour without the usual headfakes and no one comments here? Dow 9000 means Dow 10000 is next? What is it peoples?
Gordon, you said it yourself, “Greed is Good.” Just remember, that greed ends in panic fear. Beginning on July 30.
alright already…..
http://www.youtube.com/watch?v=gqsT4xnKZPg
I thought it is appropriate to play it now. In fact I’ll link it every time we cross 1,000 threshold.
Anyone have an issue with that as I don’t wish to offend cubs.
Gordon – Yabba Dabba Doo… How about that?
Fly,
I think its about time you post this:
http://www.youtube.com/watch?v=m9bC3QCPoW8&feature=related
Gordon;
Ford results busted market expectations and astonished everyone I think.
I was touting F in the upper 2’s and all you “smart guys” had nothing good to say about it.
Wow. Just wow.
Thanks Yogi, your comments are always timely and preisient (sic). See, I am going to really angry if I do not get every dollar coming to me. You peoples carry on.
I feel/smell a Le Fly thread title, “gentleman we’re rich” coming on soon enough the same as he did at around 7200.
All’s well for those who listen to Le Fly. Until July 30, that is. Remember the date gentlemen, and ladies (if there are any crazy enough to hang out with us fucktards). We go higher and higher ending on July 29, with a massive waterfall on July 30. Keep loading them up people, you still have a week.
July…
I can be more accurate than that. I think It will happen at exactly 2.46 PM Aug ist. You’re off by a coupla days.
And just a hunch, but your other name isn’t Devildog is ti?
man, whoever got the codes to Goldman’s bots is putting them to some serious use right now.. 🙂
OK. Just one more…
“To da Moon Alice. To da Moon!
Honestly people , this is a fucking melt up.
Don’t trust what those idiot analysts tell you that we’re going to stop here or there or that fair value is here or whatever. It’s a fucking melt up primarily because the recession isn’t that bad, Obama’s momentum to fuck things up has been slowed and most importantly, the Fed spigots are absolutely gaping open… wider than a downtown hooker.
As far as global liquidity goes the world is literally awash in oceans of liquidity and as things appear to be improving the liquidity will accelerate the upside potential. There really is no knowing where this shit ends up as we have never had so much liquidity thrown at a problem, both in the US and around the world.
I wouldn’t for second be arrogant enough to even say where this ends. However I will say this is the start and only the start of the mirror image of what we saw in the crash. Liquidity tightening up, recession hitting and the credit market crashing. In that sense things got worse as the Fed was really late in understanding the true situation and the dangers it posed.
The reason I say this is the mirror image is because again the Fed will be late to the party and taking away the punch bowl for fear of what could happen. So we could see continued thawing of the credit markets, the oceans of liquidity hanging around, the economy improving and the stock markets and assets markets rocketing driven by easy money. in fact the easiest money we have ever seen.
j – It sure feels like a melt up. I’ll keep posting those silly downside targets until we stop going up. I really don’t want to jinx my P/L. 🙂
Seriously though, if we got back to 11,000 Dow or ~1,150 on the S&P we would zero out the meltdown and be flat. It doesn’t seem like super scary upside framed that way.
Yogi, you are my kind of Bear. Quick, what is 1 + 4? Nevermind.
Damn even my CNXT is starting to move. Bears must be throwing in the towel.
ENTR clearly headed way over $3
When I say “headed” I mean going there and never looking back… EVER!!
Let’s hope so. I followed you in but should have gone in when you said to back at 2.50
New Post featuring “St. Thug” — .. Monster Santa and the Meltup Miracle.
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