Despite my enthusiasm and desire to see higher stock prices, I am not buying here. I am 90% invested long and have no desire to allocate the rest of my cash into stocks here. Perhaps if we dipped another 5%, I’d be willing to step in. However, for now, I’ll just sit back and watch this fuck of a market, with my 3-D glasses on.
In pre-market activity, Cummins Inc. [[CMI]] and Corinthian Colleges, Inc. [[COCO]] were ripping to the upside, based upon better than expected earnings. Now that the market is open, both stocks are selling off in size. Cocksucking, motherfucker.
At any rate, the news out of Cummins Inc. [[CMI]] is extraordinarily bullish. I will buy that stock on any dips. And, moreover, I shall go “loco for COCO” on stupid sell offs.
Bottom line: Do not react too quickly to minute by minute market machinations. Take your time. Eat sandwiches and let the Gods guide you over a longer period of time than your small ADD addled mind is accustomed to.
Top picks: Ctrip.com International, Ltd. (ADR) [[CTRP]] , Cummins Inc. [[CMI]] , Nucor Corporation [[NUE]] , Masco Corporation [[MAS]] and TEKELEC [[TKLC]]
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I am not selling cmi here. No way, it’s too cheap.
Not doing anything. Let the trade settle in and add in low 13’s if it gets there
Henry, your old play XOMA just fell down the elevator shaft.
Naz is giving the Daily 100sma a big kiss goodbye as I speak. Target is now the daily 200sma. How could you get long right now?
Come, Fly, join me and special guest Jefferson Krull in a gentleman’s game of poker and baccarat, where we remain “Still Under Cover.”
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Played Baccarat for the first time this past weekend; all the Blackjack tables were full up and I was bored looking for another game.
Don’t know how you can stand it, it feels like gambling for pennies with pounds.
I don’t really know anything about baccarat. Just sounded good. I thought it was a form of European blackjack last played by Bond, James Bond, in 1963.
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(laughter)
It’s more like heads/tails. Three spaces you can bet on (Player, Bank, Tie), where the Banker is statistically likely to win 51% of the time and the Player and Tie the rest. You pay a commission fee every time you win under the Banker. The cards scores go from zero to nine, highest without busting wins. Face cards are zero.
The balance makes it so that there is very little pull in either direction. Sort of gambling for the weak stomached and not very exciting, in my opinion.
If you want action… Play POT LIMIT OMAHA H/L; Wheeeeeee!!!
Another fun game that requires alot more skills than NL hold’em is HORSE. A mix game of Limit Hold’em, Omaha H/L, Razz, Limit Stud, Stud H/L.
Love Omaha.
Why Pot limit, though?
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The dollar is failing over a key point, vix breaking down and the SPX I believe, in my humble opinion, will be back to old highs in 8 or so days.
http://bit.ly/99Xwaq
so specific?
RE+Builders getting a rise this morning after holding their own on less than exceptional news yesterday. We are seeing LEN >+6%, KBH >+6% and URE >+1% running nicely on generally favorable earnings news today.
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Fuck you FCX (although, the 1.2% move today is acceptable)
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USU taking a break today from the 13+% move over the past couple days.
Hey Alvari, can you tell me about USU. I am HUGE on nuclear power. It is the ONLY true solution to our energy problems. I have a feeling USU may have some political problems with Washington, and that is why it’s stock value is so low. Any information you can provide about the company would be awesome.
CMI = Counting My Income
fig= friggin’ income gracious
Fly= Master of winship
I purchased NRP at $23.90. Probably bought at the top of that pop, but I was more interested in the spread between my margin rates and the dividend yield.
NRP= Disgraced Jacksonian, but there’s probably still some value there.
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Agreed. I was already holding a good chunk; this ups the stakes a bit.
In case you didn’t take my advice on SHW short, take a look at it right now. the shit is about to fall apart there. CEO filed to sell 246,000 shares. Can you say look out below after a little squeeze action. I can!!!
Oh, and one more thing. The Fly truly is a trading God. Your pick of CMI was genius!!!! I expect you are selling it here. I also agree not to buy here. As I have been saying, the top is in. Not worth taking a risk here for a 2% pop while you could go short and make 20% over the next 3 months.
on to da next one on to da next one on to da next one on to da next one on to da next one on to da next one on to da next on
uhh
freeze~
somebody bring me back da money please
Whatya thinking about COCO here FLY?
Fly,
Is TKLC a buy based on an expected positive catalyst? Or is it just an undervalued stock currently? Based on expected earnings growth I look for it to reach 25 by December or so maybe faster if they really surprise.
Bill
TKLC is my preferred play off of iphone success, being a major vendor of the T network
GE getting a big push here (>3%). The GE/USU 1-2 punch on the nuclear play is beginning to play out.
COCO is DVAX with the decimal point moved one place to the right. Can’t handle good news for shit.
Po.. I hear that!
This is unbelievable. At least with DVAX it took a couple of weeks to give back all the gains from the September pop. COCO did it in about 15 minutes.
Hey, CMG just rolled today.
Market is back up because Obama has shut up with his bad ideas. He should do golf and basketball and the market will continue up.
Last night’s OEW summary:
“Thus far this rally has not been strong enough to support an Intermediate wave one bottom at SPX 1072. Previous rallies during this Int. wave one have been upwards of 17 and 18 points. Yet this downwave continued to make lower lows. If SPX 1072 did mark the low, then this market should rally through the OEW 1090 pivot towards 1100 before making another low.”
BANG! Right on the money … raising more cash shortly.
Fly, have to say that “Game Show Panda” is my favorite of the repeated opening photos. I always get a crack out of that one.
I am coming after every single one of your bullshit trading accounts.
Only after I eat a sandwich though.
For disclosure purposes I am short a huge block of FAS.
Fly.. how bout taking some money off of the table here? You think this rally can sustain?
I’m scheduled to appear on Fast Money this afternoon. Be warned.
CMI has been easier to order, emotionally speaking, since they changed their symbol.
It used to feel awkward, ordering up a man-sized lot of CUM.
Sniper6 — are you the same Sniper guy who’s on Timmah’s blog too?
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Not Le Fly. Sorry…was just testing. Seems like “Le Fly” can be anybody. So the one that says “Dr Fly” with a link on it is the real fly, eh?
my new gravatar, is working, cool
Fly, your next time machine could be a Russian Sukoi SU 27 Flanker for a mere $5 mill. It will do 1300mph and accelerate vertically. The 1000 gal/hr. fuel usage is a little bit of a problem, but check it out on Youtube.