I will use this dip to load the fuck up on steel stocks. Inventories are slim and demand is ticking higher. As a result, the price of steel has been climbing, all thanks and praise to the clean folks domiciled in Indian and China. Some of my favorite names include: United States Steel Corporation [[X]] , POSCO (ADR) [[PKX]] and AK Steel Holding Corporation [[AKS]] .
It is my belief that steel, and other related names in the sector, will be big winners in 2010.
Other names on my buy list are: Ctrip.com International, Ltd. (ADR) [[CTRP]] , SandRidge Energy Inc. [[SD]] , TEKELEC [[TKLC]] and Cummins Inc. [[CMI]] .
As we speak, I have one name spiking: Ethan Allen Interiors Inc. [[ETH]] . I believe it is time to take my small treasure on that name and apply it elsewhere.
Wish me luck!
UPDATE: I sold [[ETH]], north of $15.70.
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FIG, I win
In the interest of others that may be offended by calling Fly a God with the use of fig, may I suggest we change it to Fly AS God?
go LEAP
Fly loves Anacott Steel
China has gone from a net exporter of 45M tons of steel to net importer of 5M tons. The US import demand remains tepid. NUE is an exporter of steel with locations near the coast.
Don’t you think coal miners would be a key beneficiary to the increase in utilization at steel mills? I’m not too knowledgeable of the coal industry but I know it’s a sketchy business in China. Perhaps US miners or Australian coal miners will leverage off increased steel prices and capacity utilization. Anyone have any insight?
Yes. There are many ways to play it. I choose anacott steel. Take it and bid it.
ROFL.
No for real, I like steel.
I’m pretty sure Oliver Stone is one of the money managers in that scene. Apparently Gekko is less cutthroat in the new movie, more Gake Gintto, in a way.
No more helicopters? That can’t be good news for equities!
Good luck, King Cock, TFWA!
Looks like Mrs. Fly will be redecorating the mansion this spring!
The Fuckery will be on a small tour all next week …
playing lunch time gigs in and around Manhattan, they will open each show with their new hit “Beware”
carry on.
New Buy!
http://ibankcoin.com/henry_fool/2010/01/22/new-buy-asys/
Anyone have a stat on how much the market does down when Obama gives a speech???
Since when do YOU need luck?
http://www.usnews.com/articles/opinion/mzuckerman/2010/01/21/mort-zuckerman-the-incredible-deflation-of-barack-obama.html
really nice article. i found myself nodding in agreement with a lot of his points. And i voted for O.
Don’t let your mother know, or you’ll be out of the will.
__________
MT
coal too extended, imho. look at aussie coal equities for vikram’s sake – huuuuggee run.
Its funny that they are calling the “Volker Rule” when it actually it should have been called the “FUCK YOU GOLDMAN, YOUR DEAD RULE!”
“Hi! What button do I press for a massage?”
Steel? You have lost whatever little mind you had. Steel stocks are going to get clubbed like baby fur seals on the Arctic tundra. You’d be better off buying gold miners, and that’s not saying much.
I might buy a few contracts on the Bernanke Nomination on INTRADE.
Come on, off course hes getting nominated…its like the Colts are going to clobber the Jets this Sunday…. 120%. INDEUD!!!
CNBC are just being fucking assholes and just saying it to bring drama…
He is in trouble. Pols are finally figuring out that, before the next election, someone will figure out a rhyming, bumper sticker, jingoistic, JesseJacksonistic, way to explain to Joe average how the FED has funneled free money to select banks. The voters won’t like it and they won’t like the job market that they find themselves still in; they will need someone to slap. It is safer for senators to vote against the bank’s lap dog and to incur the wrath of the banks than to face the voters with their opponents able to blame them for the FED’s actions.
Ah, if only I had your faith in the People Magazine electorate to even understand what “the Fed” is.
________
Let it bleed.
MWW starting to look attractive again. Nice haircut that POS company took. We’ll see what happens next week, but I may need to get in for a trade.
SD is pissing me off, there is no volume on that damn thing, and it’s just languishing in this nasty range from 9.50-9.80. We are gonna see a move one way or the other next week.
Sell Mortimar, Selllllllllllllllll !!! Dip buyers horrified in “Fuck You, You’re Dead” trading.
Guess what? THERE IS NO REAL RECOVERY IN THE USA. All we had is a couple of quarters of inventory restocking and government handout-fueled “growth”. It is all a mirage.
The richest one percent of this country owns half our country’s wealth, five trillion dollars. One third of that comes from hard work, two thirds comes from inheritance, interest on interest accumulating to widows and idiot sons and what I do, stock and real estate speculation. It’s bullshit. You got ninety percent of the American public out there with little or no net worth. I create nothing. I own. We make the rules, pal. The news, war, peace, famine, upheaval, the price per paper clip. We pick that rabbit out of the hat while everybody sits out there wondering how the hell we did it. Now you’re not naive enough to think we’re living in a democracy, are you buddy? It’s the free market. And you’re a part of it. You’ve got that killer instinct. Stick around pal, I’ve still got a lot to teach you.
To repeat the key line; It’s all bullshit. However, that should not stop you from trying to bank coin off of it.
fid
$5 trillion is half this country’s wealth?
Here’ s your dunce cap, go sit in the corner.
(Economics should be taught in every junior and senior high school in the country. Without it, we are lost)
_______________________
FUCK YOU!!! YOU”RE DEAD!!!!
DAVID
Done soon
Buy some MO so you have something to smoke after you get screwed on steel..
Now this is getting interesting…no Friday afternoon rally from the bulls? Can Monday be a gap down, instead of the usual gap up?
yes.
Ouch.
“Damn your eyes, man!”
Market starting to panic that Volcker is taking over for Bernanke – and he’ll raise the crap out of interest rates like he did in the 70s. He already plans on taking a flamethrower to Wall St. What the 50% retracement level for the rally since March??? 8640?
Stairs up, Elevator down bitches!!
LOL @ flametrower to wall street.
The elite leadership in washington is so fckn confused right now everything they are doing will make things worse.
Reset the whole lot of those clowns.
Idiots!
Just f’in amazing. We get the dip every asshat and his burlap-wearing brother in law has been hoping for and now these people are cowering in the fetal position in dimly lit corners because they’re listening to the bearshitter doomsayers.
fid
“Fighting” for jobs,
Sounds like acceptance of defeat and bad future to come.
very quiet today?
weird shit in the air.
as I sit here and sip on this single malt scotch.
don’tcha-know.
AA just continues to fall…..I had a buy order at 13.80, glad I pulled it before it hit.
Indeud. It’s spooky. Still sticking to my guns, but it feels weird. Monday is the tell.