Okay, no more playing around. It’s time for the robots at Goldman Sachs to “mushroom cloud” the bears inside of their short positions aka “homo boxes.” The underpinnings are present for a huge rally, all thanks and praise to the Goldman algorithm, of course.
Based upon a random hunch, with a little wishcasting mixed in, I’d say Tesoro Corporation [[TSO]] has a better than average chance of hitting $15, before the end of September. Additionally, I think it’s fair to say, all of my positions are undervalued, most notably Starent Networks Corp. [[STAR]] , Sonus Networks, Inc. [[SONS]] , Flotek Industries, Inc. [[FTK]] , TerreStar Corporation [[TSTR]] , General Cable Corporation [[BGC]] , Sunstone Hotel Investors, Inc [[SHO]] , Complete Production Services, Inc. [[CPX]] , TeleCommunication Systems, Inc. [[TSYS]] and TEKELEC [[TKLC]] .
Since yesterday, gold has been the #1 ranked sector in The PPT. And, today, we have a break-out, in a variety of gold stocks, including Rubicon Minerals Corp. (USA) [[RBY]] , Compania de Minas Buenaventura SA (ADR) [[BVN]] , IAMGOLD Corporation (USA) [[IAG]] , Royal Gold, Inc. [[RGLD]] , just to name a few. So you know, Northgate Minerals Corporation (USA) [[NXG]] is the #1 ranked gold stock and #2 overall, in The PPT.
With my money, on a fast paced Friday afternoon, I am thinking about buying some Corning Incorporated [[GLW]] back, buying the dip on [[ENTR]] and initiating a position in [[RAX]] .
If you enjoy the content at iBankCoin, please follow us on Twitter
I’m still wondering what that picture means…
Fly admires Korean womens.
In fact, he has two working for him… (ba-dump-chaaaaa!)
__________
Are they of agee?
lol we’re still Thursday.
Thursday for you, good Sir. I am in my time machine and am blogging from Friday.
Good Day
I knew you would say that.
Makes sense, hopefully gold is retracing on your screens.
Tips Hat
Still think WNR is going to banana-run, in its own time?
I’m certainly counting on it.
Greetings Fly,
>> With my money, on a fast paced Friday afternoon <<
Starting the weekend a little are we? Btw, I do believe FCX might be undervalued here … Send some of your gnomes to whip out estimates for you with $1000 gold and $3 copper and you might be pleasantly surprised.
Polar Bear
See above
^It’s a prole minger advertising Mr. Sparkle, I believe.
Fly,
WNR falling out of favor here? They have a horrendous load of debt for sure but they trade at .61 book and are near a dollar away from a multi-year low. Is this a slow moving ship that’ll go down before it comes up or is it time to give up?
WNR is not bad, but TSO is my fav.
I wish your TSO would take my WNR with it…this position hurts my ass
WNR will take off. Shorts will cover.
BTW, check out all the insider buying action that took place at $9. No sales.
UNG is, for those in it, a bastard child.
I was joking to myself about 3 months ago that I’d like to buy it at 5 bucks but shit…..looks like it is really headed there.
That’s one nasty looking chart. Looks like everything else did last fall.
Fly,
Should we quit WNR?
Any input on IHR? Interesting name, trading ~50% BV with positive earnings
What about September action in small cap ALY and some GNK double hump?
A new KoPG post has been put up, for your enjoyment.
You guys hear “Chuck Schumer To Introduce Legislation Permitting SEC To Fund Itself With Penalties Collected From Wall Street.”
Of course republicans are crying foul. I mean why would anyone actually WANT gov to work.
I would like to get some stats on how many republicans work for SEC. How can you work for a government agency whose job is to regulate and enforce, when you are a republican. Republicans, by definition, do not believe in regulation. I don’t think you can have atheist priests in the Catholic church.
Maybe that’s why SEC (and the rest of government) doesn’t work, when half the people working for government, are actually working AGAINST government.
Somebody cue JakeGint’s intro music….
Leave it to an innumerate commie not to realize any apparent conflict of interest behind an investigatory body funded by it’s own penalty authority.
I’m sorry you grew up in a police state Serge, but that’s no excuse for you to come here handing us ample ammo with which to make fun of you.
You deserve better.
______________
I priced some October and December GLD puts yesterday morning. GLD is up aprox. 2% since, likewise for the puts.
Odd No?
Not really, volatility also increases options prices.
RAX: I guess they do cloud computing? Can someone tell me what that actually means?
Rackspace is a godawful company… I wouldn’t touch their stock with a 10 foot pole.
It doesn’t help they’re essentially in an intensely competitive commodity business, with no real added value other than their tarnished brand name.
P.S. I’d buy EMC if I were in the market for something in information technology. But then buying anything to hold long-term right now is borderline retarded.
This market is gayer than a 30 year old man at a Jonas Brothers concert.
Lol. C’mon, leave Serge alone.
____
Cloud computing – you rent hardware and pay for usage. Fly should also use this tech. Install/configure a bunch of software/services and create a snapshot/image of it and save it. keep deploying on the latest and greatest hardware as and when available. So easy to scale/migrate without worrying about mainitaing your own hardware. I worked on amazon EC2 public cloud and hosted our enterprise software for others to extend. It’s a good technology. We have our own private cloud as well.
Any difference between that and the old “thin client” service offering?
_______
I am not 100% sure what you mean by “thin client”, Jake. Client Server technolgy is left for dead with the advent of Web 2.0. SAP is one of the companies which is desperately trying to come out of it.
In cloud computing, all you need is a firefox browser with elastic fox plugin from a client perspectice to be able to access your deployment of web/soap services.
RAX: Initiated coverage at Buy from Credit Suisse and ThinkEquity with $18 price targets…are they off on this?
Furthering The Fly’s mobile thesis:
from NYTimes:
“Globally, mobile data traffic is expected to double every year through 2013, according to Cisco Systems, which makes network gear. “Whether an iPhone, a Storm or a Gphone, the world is changing.” Mr. Munster said. “We’re just starting to scratch the surface of these issues that AT&T is facing.”
http://tinyurl.com/lnmcnm
Thx for information.