Okay, this is an internet intervention. I am watching many of you make mistakes, here and on The PPT. Typically, I allow others to make mistakes because it builds character in a man, not so sure what it does for a woman. At any rate, you need to listen to me, ever so quietly.
STOP BUYING PENNY STOCKS YOU FREAKIN’ IDIOTS!!!!
I know, with Flotek Industries, Inc. [[FTK]] being a living stain on my pristine recourd [sic], I have no right to lecture you, the internet idiot, for buying penny stocks. However, I do have the right—AND MORE—because I am much smarter than you.
See, Flotek Industries, Inc. [[FTK]] represents less than 10% of my total assets. All of my other investments are mid to large cap, for the most part, with marked exception to quick in and out trades. The market is no longer valuing the small crappers. Instead, investors have moved on to bigger and better names. Do a quick search and you will see; big cap is where it’s at. The market is all about cycles. You really need to pay attention, else get singed.
Which is why, in my infinite wisdom, I have taken it upon myself to start playing the $100 roll stocks, for psychological reasons of course. I do not need science or concrete statistical data to support my investments. I have experience.
Investing is an art form and Senor Tropicana is the Picasso of this game.
In closing, stop being a piker. Man up and buy some high priced stocks. You will make your Dad proud.
In other news, I like the “pin-action” in the semis today, thanks to blowout numbers from SanDisk Corporation [[SNDK]] . Going into Lam Research Corporation [[LRCX]] , Novellus Systems, Inc. [[NVLS]] and Applied Materials, Inc. [[AMAT]] numbers, I might buy Advanced Energy Industries, Inc. [[AEIS]] and MKS Instruments, Inc. [[MKSI]] , lcd subsystem plays, both levered to the cap ex budgets of the aforementioned names.
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I like the kinder, gentler, teaching Fly.
I prefer the ‘fuck you you’re dead, suck my cock asshole’ Fly
that absolutely needs a coma.
INDEUD!
Good advice…..DRYS is ramping up a penny !
So, I should dump my SIRI, REED, and MVIS?
Don’t you view the GLW factory disruption for Q4 and slowing LCD sales from a Digitimes report as a pause for that particular niche right now? However, I do like foundries that support memory fabrication and 65nm production. They’re rocking at near full capacity knocking ice cream cones out of innocent children’s hands.
Fly – what are your thoughts on ETFs? BGU, etc. Get the leverage, get the large cap. Win win no?
i hate etfs
Me too. Thanks for reminding me.
Except GDX.
& AGQ
& ERX
______
There’s a new appetite in the market right now for LED Tvs IMO.
Fly,
I would like to offer my sincerest apologies. I had heavily leveraged myself into FTK and my stops must have forced the stock down at some point. I was dumb in setting market stops. I forgot this was a low volume penny stock. I guess there are still parts about my trading that are very rough. I hope you can forgive me for my mistakes.
I must admit to myself that I have problems that are greater then just a lack of skill in trading. However, I have started a new trick which porn producers have been experimenting with for sometime and very successfully. Thats bringing the fans in on the picture to post on the website. I believe their intelligence will help improve upon my trading and add a certain new element to the site.
You might ask when I will ever get back to finding new ideas for prophet charts versus constantly losing money and wasting my days looking foolish on a public blog. Well, to be honest, there are a lot of better products out there like esignal. I just have no more interest in prophet charts, but instead want to continue to remain looking foolish and losing money. Maybe when all my money has been expended I will get back to prophet charts.
I wanted to add, please buy my book. I really need money right now.
This is really funny.
Thanks tim.
Fucking hilarious
Wells Fargo reported a record profit this quarter, Now this to me is hugely important , far more important that than the Morgan Stanley report that they returned to profitability with a fall in writeoffs from shit loans.
The wells report is important because it shows that a bank very involved in the california home lending market, having bought a potential dog of a bank, Wachovia has returned this quarter with a record profit.
http://www.bloomberg.com/apps/news?pid=20601087&sid=arm1bqFn5sy8
Wells Fargo Reports Record Profit on Limited Defaults
This isn’t a comment about buying the banks, it’s just another example that the economy is healing and shouldn’t be ignored.
Jay, I like what you stated . I really feel we are in a sweet spot with forclosures . Read Hussmans letter this week it explains what might be happening . Always enjoy your posts
Sorry Fly.
The action in the semis is horrid (except for a few ).
TXN has sold off after great earnings as well as INTC.
ALTR,XLNX,MU,NSM,ADI,etc. are sucking wind.
You know what it means when earnings are great but the stocks sell off.
I’m almost done gambling, as soon as I make a fortune in DVAX.
Its being reported that the run away balloon in Colorado was just Michael Jackson having a Pizza delivered to him.
Fucking Federal Reserve, dropping a billion dollars into the market today. Christ, oil is skyrocketing.
what do you mean they dropped 1 bill into the market.
Tslf funding and POMO’s
Technically what I said was wrong. The New York division bought a billion dollars worth of treasuries today. However, all roads lead to Jerusalem, and all quantitative easing leads to commodities.
TQNT reports today. Prob a blowout, albeit an expected one…what do you think?
Trader Caddy has a point. For me rather then gamble I will wait. This market is buying the rumor and selling the news.
Fly what do you think of FTK doubling the amount of common stock to 80,000,000 shares?
Ok guys, Im back. I posted a chart of the semi-conductors on my site. The semis are above all moving averages making higher highs and higher lows. Well, thats a prime time to go short when something is making a higher high.
I also sold out my DIG position at yesterday’s low. When something is moving up and has a slight pullback then thats the time you sell.
Yes sir. Im the best.
Bot TWI on BO (10.01) … tires for tractors (swing trade)
CYMI blew numbers out too. Should be positive for the semi space, as they provide light sources to LCRX NVLS etc… Judging by the stock action though, people were already pricing in any recovery.