If you are like me, heavily in cash, waiting for a pullback, prepare a list of stocks that you would like to buy on dips. I know, looking at the market, it’s hard to imagine the eventuality of a market decline. Just in case you forgot the answers, try to remember all of the times the market ripped your face off. I think you will find, shockingly enough, it was directly following you buying before a decline. Rather odd, no?
My list is rich with foreign and 4g names. I want to own Amkor Technology, Inc. [[AMKR]] , Corning Incorporated [[GLW]] , OmniVision Technologies, Inc. [[OVTI]] , TriQuint Semiconductor [[TQNT]] , Aracruz Celulose SA (ADR) [[ARA]] , POSCO (ADR) [[PKX]] , Fomento Economico Mexicano SAB (ADR) [[FMX]] , Starent Networks Corp. [[STAR]] and Cypress Semiconductor Corporation [[CY]] , just to name a few.
For the love of dirty dogs and greasy tires, I want to buy stock. It’s not fun, holding a cash position north of 40%. I want to run the fields of Ireland, like a leprechaun, bragging about my wins, while throwing empty beer bottles into the windows of my Irish neighbors.
As an aside, lithium battery maker, AONE, is coming public today. It may or may not bring attention to another lithium play, Sociedad Quimica y Minera (ADR) [[SQM]] .
Finally, with my money, I will continue to build my list, while waiting, ever so patiently, for a decline in the general indices. I don’t have much more to sell, so my activity in the market is going to be limited.
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This market really looks like shit. It looks like a big reversal with yesterdays inability to hold on to gains after the Fed’s dovish like comments. I don’t much like technicals however key reversal are important and the inability or otherwise to fill in gaps is also something that needs to be respected. If the market doesn’t get back up today there’s trouble.
The Fly is God
There is only one god. Our lord and savior who died on the cross for everyone of us. While we were yet sinners christ died for us. Just had to get that one out… now back to stock.
Fly thanks for the conformation to sell some stock and prepare for a pullback. Your site is very resourceful, Thanks so much!
Relax, St. Francis.
That’s funny. The Fly is God.
THE FLY IS GOD!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
“If you are like me . . . . “
There is no one like The Fly.
Carry on.
no one. i say, no one.
fucking kooks everywhere else.
looks like time to play SRS again for a few days.
ahhhhhh, the fun times we had………4 score and 7 years ago…
Fly mentioned he’d jump on it a couple of days ago if he were the shorting type.
I’m in a little SRS. Down 6% then up 6% The wild swings are enough to make me carsick.
Natural gas inventories climb unexpectedly to near record levels and natural gas futures gap up…… am I reading something wrong?
it is a rare occurrence called “gluttonhorde’n’fuckery”
Sorry this should’ve been posted on my blog
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never say never…..
LOL… sorry for the edit, making your follow on comment quixotic.
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I see FTK’s getting FTK’ed this morning 🙂
Smokin some more ABAT @ 4.20
The Fly is a leprechaun……………with a pot o’ gold.
Bought a little Shittycorp (C) @ 4.52 this AM for my IRA (don’t daytrade this one much).
Increased secondary offering activity,profits on spreads, ability like other banks to dump some CDOs, etc. off balance sheets recently, and the fact that Uncle Ben is reducing the lines on some of the FED lines (indicates to me that the banks may be healthier than thought right now).
good points TC.
That Mortgage backed issue by BAC was was real eye opener.
This one:
http://www.reuters.com/article/rbssFinancialServicesAndRealEstateNews/idUSN2340600120090923
I have been reading that recently the Banks have sold billions of the “toxic” stuff at decent prices to hedgies, etc.
Of course this may already be baked into the prices and it may be but C and some of the insurers don’t reflect this fully IMO.
But as the old FNN guy (Ed Hart) used to say “in the fullness of time.”
decent prices for whom..? surely the Hedgies didnt step on themselves to buy it…banks puked it out..in the fullness of time surely…
yea but so what, cash?
J-ok price is not important…take a small loss or huge one..its the same…ah..sorry gotta disagree mate.
Cash,
I was referring to this comment:
banks puked it out..in the fullness of time surely…
So what if they’re puking in the fullness of time? What’s time that’s gone have to do with the price of the stock going forward?
Your last comment makes no sense.
Wow Bears real convincing.
Is your tongue firmly planted in cheek?
either way, i will double down on abat if it gets under $4
Still nothing to buy even in the hard hit commodity space
Maybe after one more decent down day
SYNA – take a gander
If you are serious about getting free information on US IPOs and Secondaries and Global IPOs try FlipManuva on Twitter.
A global tax on stock trades?
Here we go.
G20 B.S.
“It’s only fair.” They say it won’t apply to retail trades but I have read estimates that institutional trading is at least 70% of the volume today (and this doen’t count all of Fly’s volume with FTK) it’s oh oh time.
This will be the reason for an ’87 style crash.
http://www.ft.com/cms/s/0/25afd1d4-a905-11de-b8bd-00144feabdc0.html?nclick_check=1
No chance I hope. no one would support that I think unless of course they want to cause a crash. It’s the old version of a Tobin tax. It keeps resurfacing about once a decade and then gets sent down to the swamp again.
It was an opinion piece by the sack of shit hard left kraut german fin min.
There’s about as much chance that happening as Timmy growing a brain.
oh fuck…broke my rule turned on CNBC..to the see the gay cat fondler Kneale, and the Tijuana transvestite faced skank Cabrera…back to listening to Sinatra and Buffett…
Ahhh Sinatra & Buffett one of the great duos of all time……singing My Way and Cheeseburger in Paradise together is always classic.
as adjectives go my fav is still ‘mackerel face’.