Lots of cross-currents, especially in the currencies. This is a real hard market to gauge, which is why you should keep it light. If you have some sweet gains, off of the lows, take some off the table and chill out for awhile. Although I am adding to some positions today, I still have a decent amount of cash on the books. Plus anyway, I’m fucking nuts, with a 30% YTD gain, while you are just some guy reading my blog, poor and destitute.
At any rate, I have several pressing matters to attend to today. So, unfortunately, this will be my final post of the day. I am looking for the market to keep its gains, mainly because of the euro/yen situation.
However, I’ve been tricked before by this cocksucker of a market. The bottom line is this: trust nothing but the gains in your portfolio. You need to book them constantly. Hit and move, young boy, hit and move.
UPDATE: I sold out [[TYH]], in order to “respect the hybrid.”
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Happy V.King day
Bye Fly….US sells $31 bln 7-year notes at 2.815; bid to cover 2.88….seven-year note auction, which last month had a bid-to-cover of 2.82 with a high yield of 3.210%. 2009’s average bid-to-cover was 2.57, with a high yield of 3.016%
Umm. we don’t use “retard” anymore. We prefer to call it a “special needs” market. Feel free to drool on yourself.
Wow, ATPG just got Obama-ed!!!
Damn, it sure did. Wonder what happened there. The rest of the market is still way up. My BP is doing quite well. As expected, the topkill procedure is going to fix the problem. I still believe they could have done this a month ago, but didn’t want to because it means the well is now worthless. They wanted to save their investment by now killing the tap, instead, they ended up wasting a month fucking around with other unproven ideas and created a catastrophe that will be talked about for a generation.
looks like earnings won t be as good as indicated prior
Did our Demander in Thief just shut down a few of the ATPG wells?
Two of their wells are on the Deep water list.
http://www.gomr.mms.gov/homepg/offshore/deepwatr/Current_Deepwater_Activity.pdf
our govt..is completely retarded…headed by Obama-tard.
ATPG getting GRAPED
any news on ATPG, bought some at $11.20
anyone know why???
Obama announced a 6 month moratorium on new deep water wells.
Puff Puff Give
Hey Fly…Do you still own “ATPG” ?
Cheers
FTK’ed,
Go FTK yourself.
So hostile…I was not trying to infuriate you sir, that kind of bad luck happens to all of us…
that being said i have a target of 10.61 on it after this latest move.
Good Luck to you…
I can hear the screaming now on ATPG
Yes, I own some too but I didn’t buy any today
The news on the 6 month shut down was out this morning. Nothing new. Its an over reaction, ummm like everything in this market!
The news on the 6 month shut down was out this morning. Nothing new. Its an over reaction, ummm like everything in this market!
On the road. Yes, the big o just raped me via atpg. Hence, thank god for asset diversification
I was being nice. You should see me when i get mad–what a riot.
Pkx about to 100 roll
This is starting to feel a lot like a 40 points a day market again.
You think??
Zero volume….
time to book profits, and throw on some shorts.
peace bitches.
All of your lemmings make me laugh…..
Go fuck yourself. The PPT is a trading tool of the stock gods.
The Fly is God.
Your name fits you well Zombie. As in…a mindles zombie that does not have the ability to think on his own…
That’s correct. But you’re the one who can’t spell. Click on my name and check out my portrait.
The Fly is God.
Zomb – I think I told you before, There’s something in your eye. You should get it looked at. FISAM… & PPT Rocks . Pikers ARE welcome BTW.
HA! I was still somehow able to sorta smile in that pic. One of my favorites.
Pikers are definitely welcome.
YAAHOTFL
Atpg got no lube… that sucks fanny
NEW ORLEANS — Marine scientists have discovered a massive new plume of what they believe to be oil deep beneath the Gulf of Mexico, stretching 22 miles from the leaking wellhead northeast toward Mobile Bay, Alabama.
The discovery by researchers on the University of South Florida College of Marine Science’s Weatherbird II vessel is the second significant undersea plume recorded since the Deepwater Horizon exploded on April 20.
The thick plume was detected just beneath the surface down to about 3,300 feet, and is more than 6 miles wide, said David Hollander, associate professor of chemical oceanography at the school.
Hollander said the team detected the thickest amount of hydrocarbons, likely from the oil spewing from the blown out well, at about 1,300 feet in the same spot on two separate days this week.
The discovery was important, he said, because it confirmed that the substance found in the water was not naturally occurring and that the plume was at its highest concentration in deeper waters. The researchers will use further testing to determine whether the hydrocarbons they found are the result of dispersants or the emulsification of oil as it traveled away from the well.
The first such plume detected by scientists stretched from the well southwest toward the open sea, but this new undersea oil cloud is headed miles inland into shallower waters where many fish and other species reproduce.
The researchers say they are worried these undersea plumes may are the result of the unprecedented use of chemical dispersants to break up the oil a mile undersea at the site of the leak.
Hollander said the oil they detected has dissolved into the water, and is no longer visible, leading to fears from researchers that the toxicity from the oil and dispersants could pose a big danger to fish larvae and filter feeders such as sperm whales.
“There are two elements to it,” Hollander said. “The plume reaching waters on the continental shelf could have a toxic effect on fish larvae, and we also may see a long term response as it cascades up the food web.”
Loaded IMAX @ 16.95 looks like it will close BTFO style!!!!!
http://henryfoolspicks.wordpress.com/2010/05/27/more-positive-news-from-dvax/#comment-86
Interesting story….haven’t seen it anywhere yet….. http://www.shanghaidaily.com/article/?id=438400&type=Business if link doesn’t work just go to Shanghai Daily and look in Biz section, they are looking at Stimulus Loans fwiw
R.W. Pelican spotted eating lunch in the park today.
This rally is truly a sight to see.
200K in IMAX
http://henryfoolspicks.wordpress.com/2010/05/27/imax-a-size-it/
Not sure if anyone else noticed but FAS is screaming higher. So glad I bought it at 21 the other day, just after I sold FAZ. I love triple exposure.
Good luck to all.
Protect your ass-ets.
In this market, you can probably trade large caps quite well just keying off the Euro/Yen cross, and then going flat by the bell.
Tomorrow is a whole ‘nother day….
a while back did Iran president want to dump the dollar and use euro as standard money?? Too bab they can not beheaded him
PKX will roll. China is talking about cutting rebates on Chinese steel producers which will effectively allow the Japanese and Korean steel producers to undercut the Chinese exporters and increase sales.
CAGC, which I picked up this morning, and RDN kicked ass today.