Investors were salsa dancing on the graves of the sideliners today and came close to pushing the market green. Unfortunately, cooler heads prevailed, sending the indices down a smidge, effectively giving the coked out bulls an excuse to buy tomorrow.
We are in the midst of one of the greatest market runs in the history of the stock exchange; and many of you ham and eggers are still jerking off to The Great Roubini’s diatribes. Look you, Roubini was and always will be an asshole, of epic proportions. Most of the Glen Beck crowd are mentally ill and need massive doses of psychotropics, just to cross intersections without getting run over by random 100mph speeding city buses.
Take your handkerchiefs out and throw them on your neighbors beautifully manicured front lawn, and hope the local electricity company decides to jackhammer it.
Top picks: Flotek Industries, Inc. [[FTK]] , Pacific Capital Bancorp [[PCBC]] , Huntington Bancshares Incorporated [[HBAN]]
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Getting really interested in shorting puts on STP here. I will jump in on any weakness tomorrow but I wouldn’t be suprised to see it get away from me.
Tell Bill Clinton that.
Tell Clinton what? The part about jumping on any weakness?
hi Fly,
I know this is a bit random, but in a future post would you be willing to elaborate on why you like FTK again? I know its been a pick of yours for a while and you feel strongly about it, but its been so long now that i forget why you actually bought it in the first place and why you are so comfortable holding it still.
I appreciate your explanation if you have time.
-Ben
Fly said FTK might be able to find financing soon and he believes a run up in price will trigger a massive short squeeze.
As a proud member of the FTK pain club, the answer is that there is a 25% short interest on only 23 million shares.
The Fly holds around $1 mil worth, give or take.
he owns 1mill shares? or 1 million dollars in shares?
the latter, I believe. You can add them all up by clicking on the ( http://ibankcoin.com/flyblog/category/fly-buys/ ) link.
Take your handkerchiefs out and throw them on your neighbors beautifully manicured front lawn, and hope the local electricity company decides to jackhammer it.
You have elided the troposphere of all meaning with this one, oh recovering Glen Beckite.
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My neighbors front lawn is now a digging party for Con Ed. True story. His entire sidewalk/lawn is covered with giant digging machines.
Life is great.
Gas leak?
Fuggin’ Con Ed.
_______
nah. Standard inspection led to a full blown power outage for EVERYONE on my block, but me.
The Fly wins again. True story.
That;s okay. Steve, Jr. is charging the workers $5.00 for a bottle of water and when they complain Mrs. Steve is shooting out their tires.
By the way I discovered the source of the outage. It was your other neighbor (the bad one). They were running extension chords from your house to their house while you were on vacation and the grid couldn’t handle it.
Mrs. Steve will be taking care of those neighbors for you.
You are welcome.
Via this information I will expose The Fly.
lol
Fly,
Right after you gave your take on CNXT, it absolutely took off.
Coincidental. Agreed, though, expecting a sell-off tomorrow.
When in Rome, Jake?
Que?
_______
PCBC bitches!
nice squeeze up at the bell, hopefully it will run a bit more tomorrow!
Just wondering what you think of this….I’ve got a small stake in FTK too since the mid-2.30’s
-Razncane
ATLANTA, Aug. 5, 2009 (GLOBE NEWSWIRE) — Holzer Holzer & Fistel, LLC is investigating potential violations of federal securities laws by Flotek Industries, Inc. (“Flotek” or the “Company”)(NYSE:FTK). The investigation focuses on whether a series of statements regarding Flotek’s business, its prospects and its operations were materially false and misleading at the time they were made.
If you invested in Flotek common stock between May 8, 2007 and January 23, 2008 and have questions concerning your legal rights, you are encouraged to contact Holzer Holzer & Fistel, LLC and its attorneys Michael I. Fistel Jr., Esq. or Marshall P. Dees, Esq. via email at [email protected], or [email protected], or via toll-free telephone at (888) 508-6832.
Holzer Holzer & Fistel, LLC is an Atlanta, Georgia law firm that dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. More information about the firm is available through its website, http://www.holzerlaw.com and upon request from the firm. Holzer Holzer & Fistel, LLC has paid for the dissemination of this promotional communication, and Michael I. Fistel, Jr. is the attorney responsible for its content.
No wonder they fired Paula Abdul:
News Corp. swung to $203 million loss in fiscal fourth quarter. Revenue fell 11% to $7.67 billion.
Newscorp owns American Idol?
That show alone must be keeping them afloat. Shit makes Seinfeldt look like public broadcasting, at $2mm per minute of commerical time.
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My understanding is Fox grossly underestimated the potential of Idol, and the geniuses at 19 Entertainment negotiated a long term deal, locking the bastards in for a pittance. Sony Music has first right of refusal on all Idol artists. Most get dropped after one single, as they, for the most part, suck and don’t sell when off the show (Clay Aiken, Blake Lewis, Reuben Studdard, Pretty Girls #1 – 5, etc).
Is that Cowell’s company? 19 Entertainment?
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Told ya so!!!
I’ll see everyone on my show tonight for the green shoots episode #101.
Have a great day!
Felt bad today, hard on myself. Was watching all the big wins, and still can’t get it up to pull the trigger.
Hopefully I can get myself out of bed tomorrow in time to get it up and make a few buys. Desperately need to make some money, lest I end up like one of the guys on The First 48, jacking high school coaches for diaper money.
Look to the Jacksons, my son. They are just now taking off.
__
Don’t feel bad FAZ Htr. I have been unemployed for over six months now and if it wasn’t for the generosity of my neighbor Fly we would be looking for the government cheese. Fly and his family give us their leftovers every night. Sometimes it is pretty good like a half of a thick ribeye (although he puts too much salt on it) and Dunkin’ Donuts coffee.
One time he just left a basket of half eaten spaghetti meatballs with gravy (that’s Italian talk) without a note but we knew it was him.
Fly is a real mench.
That’s “mensch” with an “s,” faker goniff.
_________
lol, some great stuff there
Fly and friends,
We narrowed our Disney trip down to the Floridian and Animal Kingdom hotels. I am pushing for the Floridian. Any thoughts?
Cheers!
Don’t know much about Animal Kingdom but stayed at the Grand Floridian in March…quite nice. Someone in my party lost the diamond out of her ring and the girl who was cleaning the room found it and turned it in.
Top Class.
Agreud.
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One of my fav memories as a kid was riding the monorail to the hotel. We always stayed at the moderne one.
That’s all my three year old cared about, the freaking monorail. We could have ridden that all day and he’d have been happy.
_______
Thanks gents!
This run up is a government induced head fake. I agree with the guy that wrote this stuff.
About September-October, reality is going to set in and new lows will abound like baby rabbits in May. Which in turn do their thing and make more baby rabbits. Which in turn………..you get the picture. Basically what I’m saying is there is a lot of screwing going on. Of both the real live kind and the balance sheet kind.
— Corporate balance sheets have improved, but only in relation to
the mess those same balance sheets were in last year.
— Corporate earnings are improving, but only at the cost of massive
layoffs across the U.S. Many jobs have permanently disappeared,
which will severely impair consumer spending (which is 70% of the
U.S. economy).
— Corporate inventories are at record lows and need to be
replenished (which is a good thing), but inventories will only go up
if consumer demand picks up and stays up. Consumer demand
remains very weak.
— The various economic stimulus programs of the government have
delivered came at a very high cost: massive debt, a declining U.S.
dollar, and possibly higher taxes.
— The current stock market lacks trading volume and resembles
more a “speculative blow-off” than the beginning of a new long-term
bull market.
Possibly unfortunate timing for your latest taunt of Roubinite unbelievers. The CSCO conf call will likely spark a nice tech pullback.
The Fly is back!
http://www.bloomberg.com/apps/news?pid=20601087&sid=adSZxT_ApEsI
Aug. 5 (Bloomberg) — The Federal Reserve is set to halt its purchases of up to $300 billion in U.S. Treasuries in mid- September as scheduled, and will probably announce the decision next week, two former central bank governors said.
This news wont help either….
Fly, how can I get in touch with Danny? I read an earlier comment from TC that he was your attorney and writes great disclaimers. Steve, Jr. borrowed one of the backhoes from the utility company and started doing donuts on your front lawn. They want to sue after he crashed it into your PT Cruiser.
Please help. And sorry about the damage. I will ground the rascal and make him pay you back out of his Bar Mitzvah money.
By the way the good news now is that your PT Cruiser is probably eligible for the cash for clunkers program.
BOJ Said to See Deflation Stretching Through 2011
http://www.bloomberg.com/apps/news?pid=20601087&sid=a6QmQJUmNKOQ
Anton:
BOJ officials ought to be arrested for impersonating central bankers. They are absolutely fucking useless. The place that needs serious monetary stimulus is japan and they’ve done sweet fuck all.
J,
Yeah, they’ve been useless for a generation. But that “world’s second-largest economy” thing still matters if they’re selling down commodities. Or so it struck me when I saw the story. After the RE deflation of the 90s, it stands to reason they’re going to be cautious and see the deflation monster everywhere. But I don’t know how much of their GDP comes from domestic spending. Not sure what we’ve come to call stimulus is going to help if they’re relying on the world to buy their cars and stuff. Aren’t their domestic lending rates still very low? Unless they’re going to offer cash for our clunkers and grind them into new Toyotas, I’m not sure de-balling their currency is going to help.
If you want to go beyond the intentional “conspiracy theory” paradigm and understand why things are happening the way they are, read this —
https://www.freedomadvocates.org/
The UN Agenda 21 is supported by democrats and republicans alike, and there’s nothing mysterious about it — especially since your city or neighborhood plan has probably already willfully aligned itself with it.
Thank you, Dave, for pulling the mask off this whole “reason why things are happening like they are” thing.
And for spamming your blog here.
Your retarded PAC blog.