Do not scoff at my charts; I am trying to make a point here. You want to be long MWW into the teeth of the joblessness; because that’s when you will get real value for the stock. MWW is a top 5 position of mine for the following reasons:
1. They are leaders in internet staffing solutions.
2. Everyone hates the stock.
3. When employment firms up, investors will race into the stock, sort of like today.
Here is a historical chart of MWW :
Now here is a historical chart of U.S. employment over the same time period:
It will take years to get the unemployment back down to 5%. However, it will take a few short months to get MWW back into the $20’s, based upon an improving employment picture. Also, let’s not forget, MWW is constantly rumored to be a prime takeover target for a number of internet companies.
In short, being long MWW with a 10%+ unemployment rate is hard. But, providing you are not addled with ADD and have the staying power to endure volatile swings, this fucker can turn out to be a homerun in the long run.
If you enjoy the content at iBankCoin, please follow us on Twitter
MWW must retake the 50 day average.
Damn you Wood. Don’t you understand ringrish? Long term buddy.
I know. Just sayin’, it stopped today right at the 50 day. Me and long term don’t mix well.
God speed, Sweet Porthos! On!
(gallop-gallop-gallop-gallop)
_________
Is he Sancho Panza now?
Wait that would make me Don Quixote. Scratch that.
Fucking windmills.
LOL. Sancho Panza…. that’s even worse than Porthos…
Shit, at least Porthos had a real horse. Sancho got a donkey, no?
_______
a midget horse.
The domain of the Fly & the PPT has been the short-term, where they walk in white robes & sandals, but just beyond that short term line is a pig sty.
On the longterm outlook the PPT is mute. It’s built for the short-term, no?
It seems you are crossing that line. Maybe you are a master there too? We shall see.
I’m not convinced we’re in a continuing recovery.
Dude, l33t charting skillz.
Thnx, Broham.
Look at her rippppp! CAGC is China + ag.
LNN too.
Slope report: Still bearish. Now waiting for a crash due to dollar strength, and the destruction of Truth, Justice, and the American way.
Glad I’m ovah heah on the dark side, turning the crank and banking coin with the SAM.
All you pikers thought the Fly was losing yesterday, instead he was positioning for major winship!
Good call on Monster, Flymeister.
Question: Where would a take over bid have to be pitched in % terms. Is it 60% these days or lower in terms of takeover premium.
Jake could of course answer that.
Just depends where it’s trading at the time. With these valuation levels, 60% would be rich, but not unheard, as there will likely be a bid/re-bid situation like we’ve got going w. GMCR ovah heah.
___
It was one of those “winning while losing” moments.
Anyone getting involved in Wayne Enterprises at these levels?
Or Stark industries???
WHat was Kingpin’s company again?
Crime, Inc?
_____________
I think he’s just a big real estate guy / New York mob boss.
I’ve been playing a lot of Arkham Asylum lately, which coincidentally kicks ass.
dow still having trouble with 10500
at 6% unemployment, mww is $50
Funny that a momentum/bullshit trader like you would be pondering the effects of 6% unemployment. How many years from now will it be until we see that? Will we ever see it again? Technology is deflationary and Malthus will soon be back in vogue.
Give me a Y
Give me an O
Give me an N
Give me a G.
What’s it spell? Banking Coin.
Shhhhh, don’t jinx it. Fart wong and YONG will punch you in the dong.
For a song, if you are wrong.
_____
MWW ripping now. Fly effect in full throttle, unfortunately.
Why unfortunately?
First YONG, now this… you’d better be careful, or the guys who came and took that fat Bengali dude away are going to come calling.
“What do you know and when did you know it?”
__________
Bearish engulfing candle yesterday
Run for the hills!
LOL
Another egg-counter.
__________
Gold is finally breaking, looks like you might get your wish
Fly, I know you already broke the rule (for Dubai) but I hope you saved your original Dow 10,500 post. I’m looking forward to it.
He already posted it
where will the jobs be found..oh yeah census takers..
Is it 3:30 yesterday?
YONG CHONG
Covering my SMH short here for about a 1% gain.
Took longer than I thought. NSM,ADI looking bad and if TXN goes negative it should be bombs away. INTC,AMAT holding it up.
Nice call.
Woah, new Gravatar.
Nibble the dip? Gold/silver should bounce next week. Whenever a big down day – a big up day usually follows.
Jake,
you are the man
Next time Master Fly starts going crazy, bragging on Twitter, you know what to do.
There was some chatter a few weeks ago about MWW as a buyout target– back on the 18th I believe.
I’ve had a buy-write on since then.
Just had to take a break to refuel the rocket is all.
Have we really turned? 1 report does not make a trend…..52k temporary jobs hired & 58k temp service jobs hired…could this be a holiday fluke ? Sold all longs this morning and now looking @ the market I feel okay….
GW,
I think we need to see what Fly is doing to see if we have turned. Indicators include:
– Wearing sandals and a white robe = we’re going up
– Throwing monster energy cans at trader/servant = winning even though he appears to be losing
– Posting Golden Cow = we’re about to melt back up
– Talking in the third person = you missed out, Fly didn’t. so sorry, you suck
– Eating a ribeye = win
– Eating any lesser cut of meat = lose
Any more???
You forgot him bugging out to Transylvania.
Or was that Romania?
LOL Sir Prime Bean of Caffeine……
GW I don’t think we’ve turned – but I am holding BGZ calls, DZZ, and UUP right now, solely based on the USD strengthening, sending gold and equities lower. I bet equities will break free of this correlation, sending the market higher while I still win on UUP/DZZ. Those BGZ calls were a dumb fucking move that I made last Friday during the Dubai panic. I got scurred.
SPBoC/DSB
Dubai was only 80 billion. A lot to me, but not the world.
Dubai is the first roach out of the motel…..I’m still bearish overall, but using PPT to trade upside and pullbacks…..I’m not sure S&P will get over the 50% retracement from the highs (1135)
The numbers for support:
1104 -20 Day
1090
1079 Crucial support to be held 50 Day
1072
1063
1042
1021 Curtains 100 Day
Nice intraday call on MWW
Sir…….’
How about kicking old men down stairs or into manholes = Huge Win
Don’t forget Bowling on you MF Bears = FLY is God
How could I forget!? My favorite picture is Art Cashin with the headline “he kicked me down the stairs”
SPBoC/DSB
All this market needs is a couple of cocaine-filled chickens.
_____________
Henry’s ABAT ripping. GLW ain’t too shabby neither, and was looking strong in the depths of despair earlier.
So I just took my meds and logged into my E*Trade account which is 100% long YONG, and I casually commented to my cat (Mr. Whiney Maw – who I got in the divorce) that I was thinking about ASS SHIT PISS CUNT MOTHERFUCKER SAW A HORSES HEAD OFF AND THROW CHUNKS OF BLOODY HORSE AT YOU.
My landlord just called, gotta go.
I hate you.
Fly, you are absolutely right on with this trade. The next step in the destruction of this country will be a large rise in short term employment. Companies will not start rehiring the dolts they fired over the last year. Too bad, the pay level will be half of what they used to make. I am also very interested in staffing companies, because I believe the main goal for this round of hiring will be to off-shore all possible components of the business. The funniest part will be that government will claim victory over the Great Recession.
good point. it may be a good trade, even w/o a real recovery
why don’t the unemployed follow the jobs offshore? They all speak English in the major metros..do a Jimmy Rogers!