Today was a bad close, ahead of tomorrow’s employment data. However, don’t expect Senor Tropicana to be right all the time. My call for a BROKEN ROBOT melt-up was and is wrong, as the market slides here, down nearly 1%. It seems people are somewhat tentative with all of the bullshit talk of Fed tightening into the teeth of double digit unemployment. If that occurs, down we go, no net. But it’s my belief, the Fed and our Government want to keep the carousel ride going for as long as possible.
Nonetheless, it’s days like today that remind you how awful it feels to trade on emotion and get it wrong. Just yesterday, I went “all in,” buying a variety of stocks, only to see them drop here into the bell. Granted, my losses are muted, with W.W. Grainger, Inc. [[GWW]] , Green Mountain Coffee Roasters Inc. [[GMCR]] and [[YONG]] not too far away from yesterday’s purchase price. The point is: being overzealous is always a killer.
If tomorrow’s employment data is bad, we will sell off. If good, we melt-up. It really is that simple, unfortunately.
The highlight of today’s session was the harsh reversal in the banks, despite Bank of America Corporation [[BAC]] paying back TARP.
To sum up today’s tape: more of the same market fuckery. Better luck tomorrow.
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I bought 1000 GMCR @ 59.80
A bunch of chicken shits over trading cause they’re not up triple digits like myself.
Shit happens, I saw the note about the “PPT 2.97” which always marks near top and just sold the majority of my shit. Had I not been at a club until 30 minutes ago, I’d of maybe bought more, maybe a blessing in disguise.
Henry – Picked up some GMCR into the bell as well. 60.05.
Setting up for a sell off with the unemployment numbers and then the SMH along with the chips will not sell off and will lead a tech rally into the early PM.
This happens more often than not when the Thursday before the numbers show a positive SMH diverging from a general down market day.
Not complicated but has a high success rate.
Of course if numbers are good SMH should lead in the AM.
I think you should have a system blog like Woody, TC.
No goatees, please.
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Sound like black magic/dark arts kind of stuff to me!
Nah, it’s just like you and MOOB.
If you stare at a specific stock or stocks for long enough, you learn their nuances, and can trade them profitably.
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Sold a small amount of Apr 10 puts when YONG was is the low 9s
Gottdammit, Uncle Fucker.
How in the hell am I supposed to be able to gloat when you blog like the wind AND Mea Culpa all at the same time?
Uncle Fucker.
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I can give you shit for featuring this once-great-now-Emo-Phagotty- bunch of limo lib asshats, though.
That girl is “fascinating,” (Mr. Spock-style), though.
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Easy there Gangster Jake. We were down 0.8%
Then why are you contra-gloating already?
Is this a pre-emptive measure?
😉
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This is too much reminiscent of “All The Young Dude”.
once great when? basket case? anyhoo… they need to keep up with the youth and their emo-ways… the eye-liner .. the tussled hair plugs.. i mean most of those guys are 40 now…
Are they really that old? This song has definitely jumped the shark. Good choice of “video girl” though.
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It was a nice nasty close but like the recent ones we’ve had ,unless confirmed it doesn’t change anything.
Still nothing wrong with Gold either…
Financials though suck ass and I got rid of my remaining C earlier today.
I am far from claiming “winship” yet. And I am far, far from being “out” of gold.
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Buy HBAN
That would be Lisa Stelly.
http://twitter.com/lisamarstelly
Very babalistic. Is she in anything else?
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Don’t believe the lies. Perception trumps reality though.
http://www.fundmymutualfund.com/2009/12/weekly-jobless-claims-fall-below-500k.htm
I am sorry, Dave, but that page is not available. I am going to open the outer hatch now.
http://www.fundmymutualfund.com/2009/12/weekly-jobless-claims-fall-below-500k.html
Site is looking nice today. Good job!
Just received the Christmas card photo from Tiger and Elin Woods today.
http://www.elitetrader.com/vb/attachment.php?s=1f418d1de4db574ff3cf30276deaca85&postid=2660218
Not sure why she used a US Kids club instead of a Nike.
I got that yesterday….
But the funniest thing I’ve seen in a long time is Wanda Sykes’s take on the whole episode.
And I’m not even a Wanda Sykes fan.
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That was bloody hilarious. And I am definitely a Wanda Sykes fan. Loved her in “Over the Hedge”.
Please to add your favourite advert slogans at Selling Like Don Draper into the Close.
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That there is a Key reversal Day , High above yesterdays high , close below yesterdays low. 3 Textbook examples in the last cuppla months.
Bearish engulfation.
Dudes.
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Dude, where’s my car?
oh shut up with the charts. It’s all fake.
Is that GMCR downhill skiing?
That’s not fake.
No, that’s GMCR at a discount
The only thing that is going to be discounted are the profit margins of Yuppie-Duppie coffee companies. Not even Joe Cognac is going to be shelling out silly sums for some Afro-Germanic proprietary coffee robot device when this depression gets rolling. Throw the fucking Peter Lynch books into the burn barrel Monsieur Fly.
LOL, normally I’d go for that kind of thing but this late selloff was caused by Fed’s Bullard comments at the end of the day
Doesn’t mean the jobs report can’t cause a further selloff
Buy “HGSI” .. great defensive play.. just completed their another round of stock offering to raise capital so they can maximize sales of their new Benlysta drug to fight lupus. Its still a cheap stock and a potential take over target… Their market cap is equal to what they could earn with 1 year of sales on Benlysta alone. This one is moving big regardless of market direction.
If you would have listened to Ponch you’d be rich today. I said yesterday that I was short SPX with 90% of my money.
Go find Jon. He called in a three car pile up on the 101.
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YONG DONG WING WONG
That is a funny symbol, no?
Look at the funny round eyes!
Just in case you didn’t see this already…
http://www.youtube.com/watch?v=AVwr-Nf0slQ&feature=player_embedded
Fly is retail.
Go paint a Potemkin Village.
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