You must admit, The PPT nailed this little bottom, yet again. Thus far, every single reading in the 2.20’s has produced a tradeable bottom. Hate all you want you fucking drug addicts; “The Fly” has produced an analytic tool of mathematical precision.
Nonetheless, the only trade I have to show for it is a small ADTRAN, Inc. [[ADTN]] position, purchased on Friday afternoon. Quite frankly, King Cock is too busy dealing with the minute details of running a multi-million dollar business, than snatching a few lame trades from Mother Market.
In hilarious fashion, the bears are being karate chopped to the larynx this morning, as more buyers than sellers turn this market into an execution ceremony for the Tim Knight crowd. I have regrets; don’t misinterpret my enthusiasm for fulfillment. I mean, having a cash position north of 40%, while the market is spring boarding, is hardly fun. However, providing this rally sticks, I have no problem getting back in—regardless of cost.
See folks, this is a KUNG-POW market to the face. You cannot reason with it or try to negotiate a better price. No fucking way.
Imagine you need to buy a certain medicine and the only place you can purchase such an elixir is through a Chinese street vendor. You approach this vendor and ask him to lower his price, for you are “paying cash.” He retorts with a KUNG-POW slap to your face—and he raises his price by 5%. Shortly thereafter, you buy the elixir, at a 5% premium, because you need the fucking medicine.
Right now, retarded fund managers, worldwide, are being KUNG-POW’d, while chasing this market higher—because they have to.
Top Picks: Flotek Industries, Inc. [[FTK]] , ADTRAN, Inc. [[ADTN]] , DryShips Inc. [[DRYS]] , Sociedad Quimica y Minera (ADR) [[SQM]]
If you enjoy the content at iBankCoin, please follow us on Twitter
fig
love the title. Bought GLW on the dip is working. Target $15.80, if breaks, then up to $17
I agree with whatever you WILL be developing.
CSE should see a nice run too
Vietnamese emerging markets ehhh?
I can just see it now without even going over there.
Timmy describes how he really went long straight after the fall on late Friday afternoon and how he’s making a ton of money on his long positions which he promptly sold out of this early morning in pre-trade and banked so much money that it now makes him up since March.
Am I right? Am I close. I honestly haven’t looked.
I would think he sold all his longs friday, and went short again just before the closing bell….
Did he..? What a chucklehead. He’s really just day trading his longer term bias as if the day is the start of the move down. He sees a 40 point move in a day and thinks it’s developing into a 6000 pointer down in the Dow. Tight take profits and huge stop losses is his modis now. LOL.
He didn’t sell a thing but since they are only ‘lottery’ plays, he isn’t giving in.
The Power Dip nailed it as well.
I know. Nice.
KCIG
New post up.
I’m so far enthralled with the PPT, Fly, not that you need praise. Do I talk to Jeremy if I wish to upgrade my subscription?
yes.
Amazed by the strength… and the fact that Tim Knight got long and the market didn’t tank.
And the market is rallying despite UUP green.
This is like the bumblebee that’s not supposed to fly. Fortunately I’m long enough China shit to have a good day — but I’m pretty fucking shocked.
There seems to be far too many acquisitions and bids to make this market bearish. M&A bids are coming out of the woodwork like roaches under an rock.
RMCF, going to $10 by the end of the year. Still time to get on board.
I gotta say that the marker I use for global liquidity conditions Euro/Aussie is really powering down which means upbeat asset prices.
It’s been toying with 1.69 for ages and now is looking to break through 1.68 this morning. This is a pretty interesting result seeing the yen is strong. It doesn’t happen with a strong Yen which means Yen strength is not global liquidity determined but an internal problem with the new Japanese government unable to fathom that a strong Yen they’ve tacitly supported is going to send those economic gerbils over the cliff en masse.
“Lemmings,” ya mean?
Been a lot of that lately.
________
Aren’t lemmings and gerbils the same thing?
Not exactly — more like fat voles…
_____
j:
A sizable number of those gerbils are in a container headed for my good buddy, Richard Gere.
Greetings Fly,
That chinese vendor comments, FUCKING BRILLIANT!
Regards,
Polar bear
See folks, this is a KUNG-POW market to the face.
If we order early, do you think we can get tomorrow w. Hoison sauce?
An’ dennnnnn???
_______
Timmay says “I’m going to go full-on bear within the next couple of weeks”
Presumably this will be with the market at around 1075, just before it steamrolls his fukken head all the way to 1153 🙂
DRYS has a market cap of 1.62 bn today @ 10$ this will be 2.5bn approx. DRYS has a fleet of approx 40 vessels and ~4 mn DWT capacity.
Excel Maritime (EXM) has a similar fleet (47 vessels & ~3.9 mn DWT) and a market cap of $297 mn.!!!!
told you CSE