Everything is going to be alight, now that [[SGG]] bounced. I was starting to get worried about a worldwide sugar glut, which would lead to the inevitable destruction of the human race as we know it. It’s smooth sailing here, on a rainy NYC afternoon—as volatility is all but dead (BTW: I am betting against that, via [[VXX]] long).
Being that defunct businesses are all the rage these days, CIT Group Inc. [[CIT]] is a company of interest to me. Could John Thain, The Real American Psycho, rape a 3rd company in a row, without a single win? We shall see.
For the day, I did well, with gains in Flotek Industries, Inc. [[FTK]] , [[TLT]] , SandRidge Energy Inc. [[SD]] and Sociedad Quimica y Minera (ADR) [[SQM]] leading the charge higher.
Regarding Silicon Storage Technology, Inc. [[SSTI]] :
A competing bid to MCHP’s must be made this weekend or I am out, first thing Monday morning. Selling the company out at $3.05, in the midst of a major up cycle, is a fucking crime. Nonetheless, I am not an activist investor and have more important things to do than stick my beak inside merger and acquisition koolaid.
My plans for the weekend, as always, is to partake in the great American experiment called “Consumerism,” courtesy of Mrs. Fly and her ever so fashionable, yet fickle, taste in the finer things in life.
[youtube:http://www.youtube.com/watch?v=5dvOKrFbLmw 616 500] If you enjoy the content at iBankCoin, please follow us on Twitter
Good thing too! Too wide a stance at the urnal could get ya into trouble. Poof! Piss is gone. Wish it was that easy with everything.
fig
I think these guys might have it in for the Fly.
http://www.youtube.com/watch?v=tT8UBlnzrUs&feature=related
No volume on SSTI. nobody knows but nobody believes in another bid. FUCK
small ding. what’s the biggie?
go smoke some crackpipe
Thain may indeed be a million-dollar-carpet-buying douche, but did he not pull off one of the greatest bourgeoisie scheming plots of all time by getting Merrill shareholder’s paid something more than say…….$2 at BSC or the wopping $6 that WB got? Or even the goose egg at Lehman?
Don’t worry Fly,we were going to get around to sugar…We were busy propping up other crap at the moment.
Have a good weekend Dr.
It will be fun when Merlin meets the people in urinal. Market will get devildogged.
Impossible.
Whenever Merlin has to take a leak, he just makes it disappear. Poof!
had to do some covering this week. Some small gains and some small losses. Now 60% cash
Still short LVS, TOL, BAC, LUFK
Long GMCR, ISLN, INFA, SLV, GLD
GMCR looks great still – time for the $100 Roll
CMI too!
Both megapicks
The Fly would be strutting around with huge cocked gains if he still had that original oversized position.
All FTK gains just got “Merlin’d”
FUCK YOU BRIEFING.com!!!!
I am so glad I averaged down 10 times in SD instead of FTK…..
Don’t shoot the messenger!
Climb me!
There Will Be Blood!
As long as it’s not mine.
http://www.youtube.com/watch?v=OUh2rw9o2JY&feature=PlayList&p=3DC5E6D33275836E&playnext=1&playnext_from=PL&index=7
Elite Eight, mah bitches!
Bring on that Kreppa Funk, Bring on dah Kreppa Noize!
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Did you really just pre-order an iPad?
I think you and M’amselle de le Fly may be holding the tri-state retail market up, single handedly.
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I don’t see the draw especially considering the kind of laptop I can get for that kind of money
If I had to get a unit like that I would get this
http://www.engadget.com/2010/03/05/microsofts-courier-digital-journal-exclusive-pictures-and-de/
At least it closes up small like a book
This is how I feel about all of Apple’s products. But they have found a way to make consumer decisions into moral decisions, which is marketing genius.
Let’s see here – I’ve had my Macbook in for repairs 3 times, glad I bought the Care Pak for that $200 roll. Now my iTouch, 30 days out of warranty, is acting up. Of course I will have to pay for any work done. Since when did making shitty products become part of Apple’s biz plan? I left WinBlows for the Mac OS, only to have proprietary hardware and shitty chinese manufacturing kill me. Why do all modern products suck dick, and we’re expected to be happy when it lasts more than the manufacturer’s warranty?
“Yes.”
Is it really reasonable to expect things to work “forever?”
I design/work with microchips every day and I can honestly tell you that I never cease to be amazed that things last as long as they do. Billions of transistors, untold microns of metal, trillions+ of vias…failure of any one of those could lead to overall device failure.
Sounds like you got a raw deal with your MacBook. I’ve had mine for 2 years; glad I bought the AppleCare, since it got me a brand new battery (after I convinced them that it should be covered as part of the warranty) a couple months ago. Otherwise spotless performance and amazing build quality.
My original iPhone (2G) broke last month, with the bottom half of the touchscreen failing. Some random sensor is some random part failed after 2.5 years of constant use. Zero problems with the wife’s 3G or my 3GS.
Of course neither my nor your isolated experiences are any proof of either quality or shitty manufacturing.
Considering the cost, your Macbook should be exceptional build quality. There’s no reason a laptop in those price ranges shouldn’t last 5 years when the Lattitudes (in the same price range) that I give to people at work last that long. We keep them as spares later and finally give them away at 5+ because they are just too old. Batteries always go after 3 years but not the unit.
Blackberrys rarely last longer than 2.5 years as they usually get eaten by a dog or something by then. Your iPhone lifespan was typical for a device of that type.
I still have my original Crackberry with the flywheel thing, which others consider archaic but which I find vastly preferable to the thinkpad tiny button thing they use now. I will likely switch to the Droid, when I get two seconds to get down to my VZ dealer, but I can honestly say that I stand in awe of this device, which is pushing five years old, and, despite starting to look like some kind of Tatooine hydro-agricultural monitor (aside: the greatest genius of Star Wars was making the technology devices looking old & battered, no?) it still has the original battery, which continues to give me two plus days of charge no matter how much I use/abuse it.
All hail the Canuckistanian Crackberry manufacturers, and more power to them.
_________
Apple is cool but blackberry rules.
My BB is an old 8310 model that is 3+ years of age and has never failed in any way. Had to take the track ball out a couple times to get sand out of it and I disassemble and clean it about every 6 months but the sucker never quits and gets great reception. Battery life is the same as Mr Gint claims, plug it in overnight and I’m good for at least 48 hours. One of my sons has a Motorola Tundra that is about to expire (has to smash it on the countertop or equivalent to get it working in the morning) after about 9 months of service and it never did get signal like the BB even when new. People I know that have/had them say the Iphone is good for maybe a year and they are toast.
All hail BlackBerry
My MacBook is of exceptional build quality (unibody aluminium FTW); that was my point. BuffaloU. just seems to have gotten a raw deal.
Any and all Apple devices I’ve owned over the years have uniformly outlasted similar devices that I’ve owned from other manufacturers. Yes, you pay the Apple tax, but you get excellent build quality and customer service. Can’t say the same about our experiences with Acer, Dell, Sandisk, etc.
I’ve had the same ThinkPad at work for almost 6 years now…have gone through 2 mainboards, 2 hard drives, 1 chassis, 3 cd-rom drives, and 3 batteries all while doing nothing more than docking it in my office, putting it in/out of sleep mode, and lugging it to meetings. Now that is shoddy workmanship. (As an aside, Lenovo is much worse at that than IBM was with the same line.)
Now in the future, I think we’ll have to be much better at figuring out how to make our devices last longer. As more and more of our computing moves off the local and into the “cloud,” the cutting edge performance of the “local” will be less and less important. So a device with which you access and work with the “cloud” will need to last longer than the current 3-5(?) year lifecycle. So, for example, say we design our chips to last for 10,000 complete read/write cycles right now. In the (near) future, we’ll have to figure out how to make that 100,000. Or 1,000,000. While maintaining similar, if not cheaper, design, manufacturing, and end-user costs.
That’s ridiculous
I’ve been in IT for 15 years and I haven’t seen that kind of shoddy build since Compaq in the mid 90s
You obviously got a bad one the same way Buffaloudders got one with his macbook.
We have something like 20 6yr old Dells that work perfect except for the batteries that we will be giving away.
Perhaps. Except it’s systemic throughout our company’s environment. Maybe it’s something in our network soup. Regardless, it’s all personal experience that we’re arguing from. But it’s well known in our IT department that the ThinkPads are shoddy. The T60’s especially, but the T42 & 43s (which I have) as well.
Compaq was terrible, agreed. I worked IT at the turn of the century, when Dell was becoming king and Gateway was getting shitty. It’s all cyclical. IBM ThinkPads were known for their excellent builds; that is no longer the case under Lenovo. But I digress.
And again, this is all just personal opinion & experience…so almost like arguing politics. Ha!
If you had said 6, 20 year old Dells, then I would say you worked for my company.
Remember John Thain’s golden commode
Fly see you at Short Hills mall?
The gains continue for The Kid —
I purchased 999 of the GE April 19’s for .03 this AM…three bagger already.
Urinal Shadow says- Fly, while you are out shopping could you pick up some more urinal cakes and some of that fancy blue toilet water for me? Thank you.
fee fi fo thumb, i smell a market hole hum.
Jake
You are just ridiculous.
I bet palin has a palm pre, full retard style
Who cares about Palin?
FWIW, I think a better definition of “ridiculous” might be illustrated by the following:
“Adult male, over 86 IQ, voting for Barack Obama.”
____________
Ever see the video of interviews with Obama voters? It’s hilarious. Collectively, I doubt the combined IQ and world awareness level of the half dozen or so would be above room temp.
Voting palin for pres is no different than voting for maria bartiroma
Straw man argument aside (Palin will never get within ten miles of the Presidency), let me ask this simple question:
Does Maria Bartiromo believe in nationalizing one sixth of our struggling economy?
If your answer is “no,” then even voting for wall-eyed Maria Bartiromo would be smarter than voting for the most left wing Senator in the our bicameral government’s history for your President.
Down with People Magazine.
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Palin commentary draws out jake every time. Like pavlov
Well yeah, when you start your silliness with “Jake, blah blah blah” I generally will respond.
I do think it’s interesting how the more up-front Barack becomes about revealing his Chavezian agenda, the harder you’ll lean on your lame excuse for voting for him.
No worries, only 34 more months or so of regret.
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once again, you assume I believe there is a difference between GOP and the crazy people party.
You’ve made this comment before, but let’s look at it, “avec logique” (“with fake French”).
If there’s no difference between the two parties, what could possibly explain the reason why even the most milquetoast and squishy Senate and House RINOs cannot bring themselves to back this nationalization strategy being so heavily promoted by the guy you voted for in the 2008 election?
Is it all kabuki?
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A thought or two for the weekend…..
China, the biggest demand for goods on the planet, is faced with negative real rates and will be discussing whether or not to raise interest rates at the end of this month. This is the beginning-of-the-beginning or the beginning-of-the-end. Think 1935. Obviously, China has tough decisions to make soon. However, if they do not take action at the end of this month to curb demand and inflation, be prepared with your international copper, oil plays since the demand for these, and other, metals/commodities will be crazy bullish over the next few months. Why would China not tighten at the end of this month? Because the Chinese government is faced with the possible need to institute a bank bailout of their own. This could force the government to maintain a loose monetary policy in the face of a 10% GDP and a 20% industrial production increase (first 2 months of 2010). News this week is that Chinese inflation (retail sales rose 22% in February!) and new loans (700 billion Yuan) exceeded forecasts. Inflate away boyz…….
There are some that say that the Chinese bad debts aren’t so bad; however, do they gamble and raise interest rates? Me no think so. If they do tighten at the end of the month and exacerbate their banking issues, be prepared for a summer slump in the market because there ain’t no other game in town that I can see. The US trade deficit numbers this week may look good on the surface, but overall imports/exports are sliding and inventories did not increase. A near-term tell in China will be whether a reserve ratio rise occurs over the weekend. If this happens, be prepared to loosen up a bit on your bullishness. If it doesn’t, I will be adding to my international commodity plays and then cautiously waiting for the end of month Chinese decision on interest rates.
http://www.deccanchronicle.com/counterpoint/389-0
Hide you daughters! Tomorrow is “Steak & Bj” Day.
http://www.steakandbjday.com/
One other aside.
We are getting that ad on the right for Norwich University quite a bit, and I have to protest at the blatent act of false advertising.
If this is the same Norwich that was NE and across the Connecticut river from Hanover, NH, then I can attest that they are falsely and egregiously trying to attract accounting geeks. I would wager here, for amounts into the low five figures, that there has never been a woman that attractive matriculating, teaching, doing the laundry, or even driving by her in Volkswagen Beetle at that school since it’s inception.
Not even at a school dance.
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What do you mean?
I’m sure there are plenty of…uhhh…”hot”…ummm…”girls” at said college.
See: http://www.erugbynews.com/img/articles/womencol5498.jpg
And that is no diss against rugby girls, either. I used to coach women’s rugby, and the (college level) sport is generally full of athletic good looking young women.
(Except at Yale).
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Off topic question:
Where do you visit for 7/4?
#2 Son’s b-day.
Sometimes Noo Yawk, to see his grandmaw, sometimes Carolina Coast, Litchfield, Pauley’s Island, or maybe Kiawah or Bald Head, depending on the balance sheet.
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Bald Head Island rocks. True story.
I will be in NE. For some reason, I thought you went up yonder.
Usually not north of Lawn Guyland, but I do have a buddy pushing Nantucket on me. Too crazy for 4th, though.
You go to Stonington, right? That’s a nice, not too crazy place. You should check out Block too.
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I visit North Korea on the Fourth — replete with patriotic clothing and bottle rockets (which are more often than not confiscated — and subsequently reverse-engineered by their government’s space program).
LOL. Kudos.
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Catholic hospitals support health care bill (AP)
And how is this not a direct confict that Obama’s bill funds abortions??
Somebody set me straight
It is a direct conflict; but politics involves compromise. Apparently they see the bill as being a net positive.
All about the cashish.
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The initial problem lies within the belief that Church and State are indeed separate. They are far from separate. The Catholic Church is a business, a profitable one, just as all organized religions are. As American citizens we are limited in our choices when voting time comes around. Demo’s support abortion and Repub’s are against it. Pick your poison.
Disclaimer: I attended Catholic grade school, high school and college. I am not bashing the Catholics. This is all I have to say.
I agree to some extent. I am cynical enough to agree that the RC and all major institutionalized religions take on the trappings of bureaucracy, including the inevitable institutional “will to survive.”
I am not, however, cynical enough to contend that said bureaucracy is an end unto itself. I firmly believe that all but the most corrupt of churches are creating far more value than they are receiving in donations, with regard to societal import.
I too had 12 years of RC inculcation, but did “the Protestant thing” for under and grad school.
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ALL PLACES OF WORSHIP DESERVE MULTI MILLION DOLLAR TRAPPINGS AND GOLD CUPS.
After all, that’s what GOD would do.
It’s not the donations. The Mormons alone own 1/3 of Florida’s raw land. It is the owned assets and tax benefits. I am/was a General Contractor and land development was my specialty. I am still shocked at how many Church’s I dealt with. Sigh! This world is so damn complicated. Issue after issue………..
Fly – How was shopping?
I do agree. Honestly, I have so much to say that I am gonna hush. This is not a discussion for this site. Leave it with this: If indeed organized religion did not exist then I truly believe anarchy would exist. Guidelines of proper behaviors and the belief of an after life is enough to keep humanity in line. I am not in this category because I am an over the top free thinker, but nonetheless.
“Guidelines of proper behaviors and the belief of an after life is enough to keep humanity in line.”
This is a discussion that I’d like to see furthered. Agreed that it’s not appropriate for this site, but can exceptions be made for the weekends ? : )
Such “deep thinking” discussions are always welcome on my blog, if you want to bring it over there.
Also, you can do something on the Peeg and link it here.
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Fly,
Does the EU bailout of Greece change your opinion on TLT, or do you still believe that we are headed lower near term? It feels like someone busted out the golden cow without your permission.
http://www.guardian.co.uk/world/2010/mar/12/eu-agrees-greece-bailout
LOL
If I did not care about Greece when the market was dipping, by going long in size, why would I care now?
FUCK GREECE. I’m looking for something BIGGER, something fantastical.
Good point, you didn’t give a shit. I rescind the question.
I swear, Mr. Jakey, I had nothing to do with this article and do not wish for gold to trade below $600.
http://feedproxy.google.com/~r/clusterstock/~3/WsIdN-Xpecc/gold-threatened-by-etf-overhang-2010-3
Bearish stories abound… http://blogs.wsj.com/chinarealtime/2010/03/11/gold-has-less-luster-in-china/. I am certain that Mr. Jakey is keeping his gold bug fans up on the latest news as any responsible advocate would. Maybe Jakey can switch over to copper, which can be useful once Oshamalamadingdong ruins this Country and sends us into civil unrest (think Corinthian Helms bronze helmets – just add tin!). After the unrest and the tea baggers win, Jakey can use the copper to rebuild this country (think copper wiring, piping, currency, and of course statues to his warrior heroes – Palin, Cheney/Cheney, Beck, Limbaugh).
I thought this nutter douchebag had left this site in shame after showing his “true coleurs” (sic) last week?
Go fund an ashram, asshat.
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What % of the total buying do the ETF’s represent?
Without that info, that article is useless.
Sugar glut? The way to play it is probably with AMLN. More of a long range play.
I say something about Dr. Fly’s Saturday evening, but here I am as well.
Pin the tail on the Canadian.
http://www.bigpinekey.com/Photo%20Gallery/canada00.jpg
Jimmy, on Greece & Idaho
http://www.kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2010/3/9_KWN_DailyWeb__3_9_10_-_J.R.Video.html
http://www.youtube.com/watch?v=n7t7cGwN7_0&feature=related
Blackberry is priced lower than apple for a reason.
Are you guys fucking nuts? Compared to the iphone, the bberry is a rotary piece of shit.
News for Jake: we already have socialized health care. Everyone now gets treated either at the docs office or the emergency room. The costs are apportioned stupidly for this socialized system that you defend. And costs are way too high – particularly after your boy Bush’s $trillion Part D giveaway and ban on re-importation.
I want to also see Jakey take on the funding of fire protection and law enforcement as well.
Fuck those firemen.
@Alvari: You truly are sub-IQ and should be banned from posting pending a literacy test.
Do you prefer your police and fireman to be federally controlled? Not just a libtard, but a substandard, brainless, talking point-only, libtard.
___________-
Agreed completely. We are now at about 55-60% government paid healthcare. Believe me, I sell and/or fund HC companies as a large part of my annual millwork.
My question for you is — 1) do you think this percentage of gov’t payor is good for the economy and for the HC system as a whole, and
2) would you like to extend that gov’t payor system out to 95-100%?
And a forewarning, save the Bush derangement syndrome bullshit. I have no interest.
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Suck nuts
iphone may be the best on the market but AT&T service sucks dick. The only reason I don’t own an iPhone is AT&T. Verizon is far better IMO.
Does anyone know when the contract with AT&T and AAPL is due to expire? Have they agreed to a new exclusive agreement with AT&T.
On another note, AAPL is overbought IMO. I don’t think the iPad is going to be as big of a hit as everyone thinks. Typing on a touch screen sucks IMO. Of course I may be wrong but (if I am I will be the first to admit it), I think that AAPL falls here soon, as does the rest of the NASDAQ and the overbought S&P. NASDAQ 100 has been up for 13 consecutive days. Longest run since January 1992. Also the S&P mid cap (MID) up 7.3%, the longest run in its slightly less than 20 year history. Volume is what’s been missing from this rally. The reson we saw increased volume during the recent sell off is that selling was being led by insiders. CEO’s dumping stock. Dip buyers who bought during the recent sell off are getting the itch to take profits.
“CEO’s dumping stock”………….
I wonder if the CEO’s “dumping stock”, across a wide spectrum of business types, may actually be mere prudence on the part of the “dumper”. They see what is coming in the form of taxes and are merely getting some liquidity at today’s tax rates before the O man and the gang on Capitol hill have their way with what is called revenue enhancement in political circles. We all know that higher taxes are inevitable with the current deficit let alone the monstrous social programs being bandied about by the birds of prey in DC.
True — Private company CEO’s are “dumping (zero basis) stock” in a huge way this year by selling their companies before the capital gains taxes increase in 2011.
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Sugar will continue to go up and we’re going to see people, once again, steal sugar from restaurants and coffee shops. Maybe some people will put one cream and 10 sugars in their cofee, who knows?
Forget Bill Gates and the “King of the World,” it’s all about the sugar man!