It’s not wise to stand in my way, especially when the stock market is open for business. Many of you think this is a game. Well, I am here to remind you: it’s not a game anymore.
For years, I’ve been slapping people in the faces with hot slices of pizza, then tossing them into idle tar pits. The stock market is in my blood, just like stupid is in yours. Let it be known: I am here to claim my prize, AND MORE.
The market is taking a breather, after yesterday’s ferocious melt up. As you know, my brain translated into software, better known to you common folks as The PPT, warned you of an OVERBOUGHT condition yesterday. Nonetheless, I do not believe the market is done going higher. The problem here is the long weekend, coupled with the fact that people are superstitious about being “caught long” over the weekend. Which, as you know, makes no sense, especially since the market tends to trade up on Mondays.
Regarding the fucktarded issue of ATPG: It has successfully mugged me of coin. With Obama intent on shutting down GOM wells, ATPG is having a difficult time, due to its GOM exposure. However, the stock has already been cut in half and is the worst performer, over the past month. I will hold onto it for a little while longer. But, just know, I am not married to it and will not allow a minor loss turn into another SD.
I will not be “TIVO’D” on ATPG.
In closing, I am keeping it light today and will likely sell a few things, before I buy.
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I just nibbled back in here at the days low. I expect a decent melt up Monday and want to make sure i’m a part of it. I’m expecting maybe thrice my 40 points daily allotment on Monday, so getting back in 1% lower than yesterday’s close just feels right.
Huggie – Market’s closed on Monday…
At least it won’t go down much. [Market’s closed on Monday]
Those foreign guys could be a bitch tho–
Fair point Yogi, fair point. Or am I speaking with Boo Boo?
In any case, I shall duly expect quadruple my daily allotment of 40 points on Tuesday then. That’s right – I will expect 160 points on Tuesday. I expect many a sigh of relief that no major wars or bankruptcies have occurred over the weekend, spawning a monster rally.
I still have a backlog of points I am owed, plus some points for undue pain and suffering.
Jeesh Yogi, ya just wrecked the whole thesis of Fly’s blog … Confusion!
“Nonetheless, I do not believe the market is done going higher. The problem here is the long weekend, coupled with the fact that people are superstitious about being “caught long” over the weekend. Which, as you know, makes no sense, especially since the market tends to trade up on Mondays.”
hahahaha
Mr. Fly,
SD looks bad now, but is a long-term winner, indeed.
Monsieur Le Fly , lately , has been the very very best market – flush – timer , bar none …
/ DJ down 150 points as he speaks ..
SGG getting caramelized again.
Bankruptcy talks are already starting to surface in CA. http://www.reuters.com/article/idUSTRE64Q6CQ20100527
Watch that June 15 budget deadline
I doubt