Here’s your spark bulls. Run with it.
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18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,433 Blog Posts
These numbers are biased and flawed. End of story
yea, they will be “revised”, but the goal is to, as has been stated, kick the can down the road
You had a good two weeks.
Are you still long GMCR?
still long GMCR for sure. Holding until 95-100
Tell me which number is not “biased and flawed”
Out of the government ? Not one they are all based on bullshit
This world runs on bs and coffee.
GET LOST PERMABEAR!
Permabear yes. Idiot no. I know when to get out of the way of a racing train. However I think this train is about to derail
Never bet against the man with a printing press!
Maybe another 5-10% downside in the near future, but crashes happen once a decade and bull markets last 3-5 years. In a year or two, there’s no doubt that the market is higher.
Time to crush stupid bears into the weekend, as per plan.
Go Fly Go. Let’s bank some coin.
Wall St 2 Trailer, h/t Dpeezy
http://www.youtube.com/watch?v=oV5hEBqYfTE&feature=player_embedded
it looks bad ass
If I’m going to watch a Shia LeBeef movie, there better be a lot of Megan Fox in it.
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That doofus makes my skin crawl
(“Potash earnings conf call summary (104.29 -5.23) -Update : Co said they already sold more potash in North America so far in the first three weeks of this year than they did in the first eight months of last year. Co thinks the BPC settlement was for too low of a price.”) I wanted to buy this yesterday, ended up buying mos instead. Co. also stated that phosphates, nitrogen usage are increasing and that it is due to required applications and not inventory restocking. per briefing.com
Not for nothing, but MOS is up more in premarket than POT.
So it’s all good.
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USU – Nuclear Play up 5% pre-market – niceeeee. BTW, Jake – you get over the presidential election results yet?
What do I need to get over Lungsac? I was right as usual, no pun intended.
Better question — you get over that FCX call yet? 😉
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lol – yeah. Still licking my wounds on FCX – holding half a position and down big on that. However, I accept it and play with my eyes wide open. With the way you treated the election, you must be torn up inside with those gold plays.
Whaaa??
(What’s up with all the libs around here recently? It’s like their Lord and Master’s fall in the polls has made them all go so jibbery in the head that they can’t even string a decent sentence together… Is is like a “Sauron and the Ring” kind of thing?)
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Here we go again, pesonal attacks that mean nothing and are intended to redirect the issues. You really seem to have a thing with pseudo-intellectual superiority. Gotta go, These indians down here in So Cal want their casinos approved. BTW, a 200 ema bounce for FCX is being offered up today.
Just try to write in clear sentences, douchebag. Is that too “intellectually superior” a request for you?
That is, if you want a response, other than “whaaat?”
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The entire nation has not gotten over the election yet. Can you say buyers remorse!
We have a government full of asshats who haven’t worked a day in a real job in their entire life. They have never run a business, made payroll etc. They know nothing about real business. All they know is the bullshit that was feed to them in law school. And BHO is the worst. A fucking community activist????? WTF is that anyway???
Then we have Bernanke who has spent his entire career with his nose in a book and never in the real world.
I am not saying that I am some genius, but I have worked since I was 14 and have gotten my hands dirty, started a business, ran a business, sold a business, etc.
These asholes know nothing and will ruin this great nation. They look only to instant graticfication and the next election, Never looking down the road to the disater that lies ahead that they created
So which is better, a President that has never run a business or one that ran every business he touched into the ground (GWB)?
For fucks sake Dubya traded Sammy Sosa for a couple of Gatorade water buckets and a rosin bag.
Not saying that GWB was any thing better. Just simply saying that new blood is needed and someone who has business sense.
This may soon loony, but Mitt Romney is probably the only one in the mix thats has business sense and has been in a leadership role
Romney’s a genuinely good man (and yes, brilliant), but he may be too tarred by the RomneyCare experience.
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no one who’s any good can get elected, because Jon Q aka dumass voter, believes in majic & Hollywood & is too stupid to look at facts.
When Perot ran, they resorted to personal attacks a la ‘”someone here” He had big ears, too short…
Perot was a Buchananite in his trade philosophy and he got Clinton elected.
Asshat of the 20th Century award for that git.
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The favor was repayed in kind when Nader siphoned off enough votes from Gore in ’00 for Bush II to get elected (or selected if you’re a lefty (sic).
I think Winston Churchill had it spot on when he said the best argument against democracy was to spend 5 minutes with the average voter.
fid
That was before Sosa was juicing.
You really ought to get out more, and talk to some people in the LBO community. The Rangers deal was an exceptionally successful LBO.
And in baseball, if you are not the Yanqs, Sox, Angels or Phils, the only way to experience “winning” for an owner is on the personal balance sheet.
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Hey Moe –
Why is it you guys always want (need) to feel superior. You really have no clue. If you had run a business, you would know that there are competing interests and it is a great balancing act to make certain payroll is met, employees are happy and not wanting to jump ship and compete with you, your clients are satisfied and believe that they are getting their money’s worth, your wife and kids are taken care of and happy, etc. etc. etc.
You sit back and say “ahhhh, they have no idea what it is like to run a business, what a bunch of buffons! The act is tiresome.
I sat next to a young kid coming through from Kentucky Airborne – 4 years in and serving another 2. We talked the entire trip about Iraq and Afghanistan. He has been to Irag and will be going to Afghanistan in 2 weeks. He was willing to talk about his buddies (why he reupped for another 2), Kentucky and what he wants to do after the war, but had no interest in discussing the hell that war is. He had a familiar look in his eyes when the conversation drifted in that direction. My point is, people that do don’t stand up and yell out to the world that they do. Why? Because they know it is harder than that. The people that do, know that it isn’t black or white, liberal or conservative. So, please shut up about your simple absolutisms for taking care of the problems here at home or abroad. It’s not that simple.
It’s not that simple — well no shit
Nice story about the solider. I was against the war from the beginning and thing GWB was an idiot too. Look, I don’t care if you are liberal or conservative. I just care that the people in charge have some kind of values and some common sense. The republicans and Demoncrats are one in the same, empty suit liars who will saying anything to get elected. The Demoncrats are worse IMO opinion always playing to the people that are easily manipulated, the poorly educated, the poor, the minorities.
Yes I am conservative when it comes to fiscal matters and government issues, and liberal on others, like the environment, drug policy, religious freedom etc. Lets say I am a constitionalist of some sort. A realist by nature and empiracalist when it comes to science, economics and theory I favor free markets and small government, not no government, a government that was put together by the founders.
This govenrment is full of fools plain and simple
Too much money in government is going to attract the scammers, which is why the Founders wanted to keep gummint small and out of people’s way. Too much money anywhere will attract scumbags, but too much money plus the force of the state is worse news.
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DOE Secretary Chu is in Ohio and expected to make an announcement on increases in tripling loan guarantees for nuclear power plant construction. (link) Also, in the SOTU speech, Obama mentioned long-term arms stockpile reductions.
Good news: domestic arms stockpile reductions could provide USU with a new stream of downblended uranium to turn into fuel when the Russian/American megatons-to-megawatts programme goes away in 2013.
Open question: Is the $18.5B loan guarantee programme (plus $36B in new funding to get to $54B) the same one that includes the $2B for advanced front-end fuel cycle technologies? USU’s not in the reactor business, it’s in the fuel cycle business.
Something else to keep in mind. These loan guarantee programmes go back to 2005, and DOE hasn’t actually issued a loan guarantee – not one cent – since their inception. Could all just be smoke and mirrors.
X Factor: USU’s due to report earnings Real Soon Now, and there’s going to have to be some sort of status update on whether or not they’re even close to meeting DOE’s technical and financial requirements for the loan guarantee. How they do that when they’ve effectively shut down construction of the centrifuge plant is going to be an interesting question.
Disclosure: I’ve been long USU since 2008, but it’s an increasingly dicey proposition.
How do I turn off the radio show other than just hitting pause. Everytime I refresh I have to listen to the dumb ass
don”t get too happy. The high is in on the markets. We will go up today, no question, but the bull market is over in my opinion. My belief is that the market bias has changed to negative. Yes, you will have a nice run today and even into next week, but this should be viewed as a chance to get out of long positions and build short positions, rather than looking to build more long positions. GDP soaring is a sign that the fed’s joke of 0% interest rates is about to fuck this country into oblivion through hyperinflation. The assholes on CNBC were talking about how Obama was on crack to believe our exports could double in 5 years. In my opinion, they absolutely will double in dollar terms in 5 years. 5 years from now, we will have 100% inflation. In the meantime, the fed will have to reign in the inflation, and the market will drop big time when they do. Over the very short term, yes, the market rises, but Tim and his crowd now own the market. In my opinion, now is the time to short names like FAS and URE. The top of those is in, and decay will be your friend. This market will be choppy for several months, and trading daily is going to be a major pain. A sideways market, will result in lower prices on all etf’s
you really have no idea what you are talking about, do you?
Mostly agreed. The momentum as volume has increased in the selloffs.
Also the big boys have sucessfully hoodwinked the retail dumbasses into thinking this market is repaired. They are smiling as the retail asshats chase this market. They will soon chop their heads off.
2009 will be remembered as the year Wall Street re-inflated with the expectation that the fed was going to bitch slap them. The next month will be a sideways trade. Fly’s broken Robot ended with Alcoa’s earnings. Now we trade sideways for a while, probably 1 to 2 months. Swing trades will be much easier on the short side than long as this market. I am building short positions while looking for short term trades like QCOM from yesterday to today. My favorite position right now is short URE.
URE is 2010 hold for me. However, so is FCX – bwaaahahahahahah
Long Leveraged ETFs are the new Short Leveraged ETF. In other words, you hold on to them for anything longer than a week, and you are guaranteed to lose. This includes FAS and URE. By the way, if this market drops to negative territory here, we are in for MAJOR trouble. This has to be a bounce and the dow needs to close up 100+. If that doesn’t happen today, we are in for a complete fuckage next week.
Thank god for hedges.
Fly,
Can you not have the ustream start automatically.
That guy is annoying me.
No shit!!!!!!!!!!!!!!!!!!!!!!
Get his ass off the site pronto
Hey, show some respect. What’s wrong w. his show? I find it entertaining.
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Careful.
I recall 1984 when GDP advanced over 7% and we had major correction from 1982-83 bull run.
Then there was 1994….
Liquidity via the punch bowl is being taken away as we speak.
The Fed Funds won’t reflect it until all of the major Fed props are removed.
please make him go away!
My bet is that volume should be strong which equals a negative close. Selloff by the big boys into the bell there by fucking all the sheeple who believe in the government numbers and the bullshit recovery.
LEAP moving
6000 OSTK @ 12.12
http://ibankcoin.com/henry_fool/2010/01/28/pound-the-table-on-ostk-into-earnings/#comment-919
Scott is great. But I will listen to you fuckers (first time ever) and remove auto feature on my blog.
A small win for you clowns.
Thank you!!
Oh by the way, still in GMCR. Loving it. Cost basis at 68! may the world consume massive amounts of coffee
PLEASE… take the blow-hard off of the website. very annoying to have that sounds when coming to web site. he/it is useless, meaningless.
It ends at 10am. It won’t be auto on Monday.
USU – Nuclear play kicking arse.
Anyone with me on the OSTK call? It’s fucking brilliant, and I know this because few are interested.
Fuck you all! I win big tonight!
“All” as in a few of you.
I will be honest. I thought it might keep tanking. I did not want to say anything because I did not want to jinx the call. Definately pretty good.
are you adding more to our position on OSTK, concerned with very low vol?
The S&P $VIX is right at that support around 22.75. I am looking for the main etfs to start making higher highs. Right now, I am staring at the $VIX screen wondering if it fall off the shelf. I feel like 1080 might be the floor for now, but I need that $VIX to fall more to be certain.
http://bit.ly/c0K9pq
Fly surely you see the brilliance in the OSTK trade. No?
I get a fuckin award if this trade pans out HUGE!
Done with my SMH short.
Took a little longer than I wanted today.
XLF holding up- possible long notwithstanding GS.
Just shorted SHW at $64.40.
Moe:
You’re a freaking loon. The market may go up or down today. However everything that comes as good stats you discount suggesting the gobinment is lying.
Tell us , are they also lying when the gobinment publishes shitty numbers? Are those lies too?
You need to be on a troofer with the rest of those nutballs.
MOE is our resident iBC bear. He is much nicer than DEVILDOG and is long GMCR.
Democracies are defined by a lying government. If they told you the truth all the time, they lose control. As opposed to Authoritarian governments where they will tell you the truth, and if you don’t like it, they’ll kill you. The US government does not specifically lie per se. They omit important things and change the formulas for their statistics regularly as a way to avoid telling the truth. For instance, what happened to regular money supply information that the government used to publish. And how about “core” inflation. Why is it that inflation numbers don’t include the things that people HAVE to buy.
” are they also lying when the gobinment publishes shitty numbers? Are those lies too?”
Yes they are. Posted to create panic so that they can continue to play towards people’s fears and fuck the sheeple.
look j, it seems that you do nothing but search for my posts and attack everything I say. Get some balls and think for your self and you may see the light.
What happen to your currency calls that you made in the past? I found those interesting. Now all you do is try to bash me- so fuck off go suck some Kangaroo dick you Aussie fag
Moe;
You’ve lost you’re mind. Get off the computer and take a fucking holiday for a few weeks, dude. You need time off. I’m not kidding. The web plays tricks on people’s minds. Take a holiday.
The reason i will continue to reply to you posts, if you don’t take my advice is because your shit irritates me.