I’m not saying a reversal is necessary; but it would be nice. A little buy action, on a Friday afternoon, would brighten up the day, for Larry Kudlow, Dennis Kneale and yours truly. I know all of the employment data is a bit disheartening and the men with burlap shirts (bears) are very boisterous, on this day of our Lord. However, something tells me, through messages delivered via the air, that we are due for a bounce.
On this dip, I will continue what I started yesterday. Today, I will buy [[MWW]] , IAC/InterActiveCorp [[IACI]] , Corning Incorporated [[GLW]] and General Cable Corporation [[BGC]]
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GiG
fig
Fly = God
hey nice call on CIT yesterday around a $1…. bounced off that low a couple times and made a great trade entry point. hit my price target of $1.25 and cashed out.
Zombie:
So the fly is no longer god. He just equals god? That’s a bit of a come isn’t it?
Back in the office, if you’re still awake.
_________
J, I was sleeping when I typed that. Pardon me.
The Fly IS God.
I know all of the employment data is a bit disheartening and the men with burlap shirts (bears) are very boisterous, on this day of our Lord.
That may be true, but who the hell thinks that on stats of the last three months the jobs data would show some mystical improvement. It’s not and as the Fed board member said today, unemployment will remain high for the next two years.
What is heartening is that the factory orders was up .4% after stripping out transport and the other set of numbers out this week have been basically showing the economy is mending. It’s not heading into warp mode but its mending which then cascades into the other point which is that there’s no chance in hell the Fed or the ECB will do anything to rates any time soon…. and the monetary expansion sloshing liquidity all around continues.
Yeah that’s just what we need, so much strength that we have to go on Fed watch clenching our butt cheeks tightly every time one of them addresses the Keokuk Chamber of Commerce. At least this way the bear-shitters have something to cry about other than how thoroughly they are getting shower raped by the system.
fig-ers, come on – bring something/anything to the table. ya gotta know something.
Mavis Magic# = 59.73
FLY……hang that damn picture of that Bull back up on the office wall.
The IOC are racists (per Jimmah Carter).
I guess they like the BIGGER butts of the ladies of Rio than the smaller butts of the ladies in Chicago.
maybe the Chicagoettes should have worn thinner G-strings?
You can’t be serious. There are some BIG asses in Chicago.
There is huge difference between a big ass and a shapely, Rio rump.
For example, Oprah and Lady Grinch were our spokesmodels on this dealio….
Vs… Gisele Bundchen?
And half the Victoria’s Secret stable?
________
An AP article bemoans that “thousands” have gathered in Chicago to watch the announcement.
Which is nice.
Until you realize that upwards of 50,000 awaited the same announcement in Rio. And the party there is expected to easily double. Somehow, I doubt the reaction would’ve been of that magnitude in Chicago, had they won it.
That being said, the IOC is famous for its shady dealings so you never what sort of politics was involved behind doors. Obama’s endorsement of Chicago was good…but the only president capable of swaying the IOC was one of their own, Samaranch who stole some of Chicago’s votes for Madrid.
Hopefully they’ll clean up and make the city safer by 2016. Until then, there’s always London 2012, which will surely be a can’t-miss event. (Not to mention Vancouver, BC, 2010, which starts in a few months. I got tickets to a couple hockey games and skiing events, so I’m definitely looking forward to that.)
Bought 4k shares of DRYS @ 6.14
stop order of 6.05 — for the moment.
Jed, had to check himself today, when he elbowed an elderly couple to be first in line for a Free Sample at Costco.
+10
Consider, factory orders were worse than expected in August, yet a treasury auction is capable of easily negating this. Bet on the Fed, gentlemen.
+1
Men in burlap shirts named TIM are holding multiple shorts and will add to them as the market moves higher(ie averaging DOWN and we all know what a good idea that is most of the time).
I suspect many will also do the same.
Any real up move should create one of the more enjoyable squeezes in a while.
Yep, it’s mornings like these that get them digging their heels in, it’s no fun when the other side starts rambling on about their pets or where they are going on vacation, I want them hypothesizing about the next great crash again. You see them closing out anything that goes green for a few minutes in here for a few scheckels, then hold on and average down on the losers until they are crying themselves to sleep at night.
Fly, I bet you still like ENTR….?
Picked up SQM at 36.20 rock bottom prices
Good pick up.
THat’s “Crazy Eddie” low.
_______
Great news for Chicagoans, they won by losing the Olympics and therefore saving lots of mullah.
Dang, Fly is spending some money today!!!
ALGN breaking out.
algn looks great
thanks
Now that the market has turned down, I imagine most bears – who have been dying for this moment – are telling themselves that they’ll get in when the prices are better.
Okay, fair enough, that’s holding to your view since March’s epic rally.
I’m among them. The difference is that I’ve got 85 open positions, all bearish, and I intend to keep them.
Okay fair enough, that’s holding to your view since March’s epic rally
I’m pretty sure the market will move against them, and that’s OK. I’m so deeply in profits on them already that it doesn’t matter. I’m willing to wait it out.
Tim, you don’t have profits, you have losses.
If we do push higher – and I pray God that we do – I’ve got a veritable truckload of new shorts I’m waiting to get into.
Tim, be fucking honest, you’re currently running the S&P index, as you don’t want the fucking market to go up. You really want it to go down but won’t admit it. Stop pretending you’re a hero. Heros finish dead last in this game, you moron. They get run over.
But here’s the thing – – back in March, as the market was undergoing another sea change, people kept saying I’ll Wait For A Better Price. They knew the market was moving higher, but they didn’t want to pay “top dollar” after a big surge. Let’s call this thinking IWFABP. I was affected by it. And here we have it:
Which really contradicts your fucking logic, you moron. If you really were following what you said (you’re IWFABP) you would be selling down now, you fucking moron and not waiting, as the market’s fall and your concomitant strategy is the mirror image of what you were proposing in a bull market. Fuck you’re Stupid, Timmy.
The problem is that a better price never showed up. Not even once. So……..
See the last point and why according to your own rule you should be selling, you dick.
I cheated myself out of the vast majority of the rally this year by waiting for the “right price.”
Tim, you were fucking short. You didn’t cheat yourself out of anything. If you really did cheat yourself you’d be have been square looking to go long, you dick, however you remained short all the way through.
I’ll be damned if I’m going to repeat that mistake in the other direction.
Repeat what action, bozo. You’ve already not done what you said you were going to do.
Your friend Tim remains firmly entrenched and shall add to his short positions on any pushes higher. Come and get me!
Glad to.
ROFL
That’s some the funniest shit I’ve seen in a long time
Fair dinkum (strine sling for Truly, for real) The SEC or whatever regulator should close him down for his own and his readership’s good as he’s too stupid to trade , be anywhere near a trading screen, or giving advice.
I for one am glad there’s people like TIM.
Someone has to take the other side of the trade – who else would we take money from?
Holy shit that was a brutal fisking.
It’s a shame non of his folks ever leave that site to get any kind of perspective on how illogical his retro-view really is….
(Ironically, there’s an antagonistic type over there with that name –“Perspective” — is he one of you all?)
___
Seems like someone is getting fisted by the markets huh Jake and TA?
Why use such a classy tone? Maybe because this sorry-ass excuse of a blog (with the dumbest name eve, ibankcoin wtf?) run by 10 douche-bags can’t even keep up with the one-man show Tim’s SlopeofHope? (you might want to check your traffic at siteanalytics.com as its pathetic compared to SOH) Or maybe bcs he actually has millions to trade with while your trading on margin twenty grand of your measly futures kids college tuition? Ah, I see I guess I would be as bitter and pathetic as your comments if I were in your shoes.
PS – BTW, why keep wasting all your time in writing stuff when nobody reads it?, you guys should pull the plug on this enormous waste of time as your traffic is pitiful compared to the number of bozo’s contributing. Crazy.
Dude, you are a tool. Go gargle cat chit.
Well said!
If web traffic is an indication of superiority then by that logic, we should all be getting our fitness advice from bodybuilding.com and our supplements from MuscleTech.
After the hilarious shit Timmy’s Undertaker posted, this is an unbelievably pathetic response. At least try and be witty or something.
Looks like Tim Knight go smoked this morning and, as a result, he took down all his stock picks. haha
All 85 of them?
I’m buying ENTR today like the Fly buys ribeyes and ribbed trojans.
Piled into a bunch of CHK today at the open because it makes no sense and “the goat said to”.
I’m sorry, but I can’t bring myself to DRYS no matter what, my mama raised me better than that….
play it again sam.
2 things;
1. Is that a pic of Dykstra?
2. Speaking of pic’s, what happened to Chuckie B? I miss the pic’s he used to post.
fid
CLDX breaking out on volume..I am long.
Holy gap down on the close batman!!
This is starting to get ugly.