If you’re buying BP, you might as well cop some “jumbo” with that and smoke it up while you invest. That fucking stock is heading “Titanic” in a matter of 1 months time, no floating door included. Sure, you can “take a gamble” and hope that the news doesn’t hit when you are long. However, more often than not, plans such as that fail in spectacular fashion.
Folks, BP is destroying the entire Southern coastline of the Unites Steaks of America. ROFL. And you want to go long? That stock is going to $20, then $10, in my estimation. I will buy it then, as a form of BRITISH LOTTERY.
We’re dippin’ today, rightfully so. We have been in an extreme OVERBOUGHT position for several days. This morning, I dove into TZA, head first, for my personal accounts. I’m in it for a glory, the absurdity and most definitely the good sandwiches.
In short, get your face masks ready, for this fucker of a market is about to fire off some hockey pucks, at the speed of sound, into your noses.
If you enjoy the content at iBankCoin, please follow us on Twitter
Indued!
I deleted that fucking SPAM Henry.
Speak Your Mind Indued
http://www.totalprosports.com/wp-content/uploads/2010/06/Soccer-and-oil-spills.jpg
Just stopped by to say hey you fuckfaces
This is it.
Scaling down to 25% short with some gains. Out all VXX, out most TYP.
Yen and bond rally looking overheated near term, on 30 minute charts. If copper bounces, it will stabilize FXI and IYR. My overall bias is short again, but, i think it will be a choppy ride. Bad unemployment /philly data is somewhat bad for the dollar here.
You’re an idiot.
If the market bounces a bit from this cover point, i can at least return to “medium imbecile” status, by scientific definition.
http://www.citizenx.cx/img/idiot_imbecile_moron.jpg
TZA is one of the 4 ETFs that Direxion is splitting 5 for 1
1 for 5 reverse split.
Hey Fly, let’s short some VXX, LOL!
VXX to $35.
that aapl stock is so bullish man..
in the case we revert to bull mode accml mode it’s going out of the screen
You will all pay the price for your gross negligence shortly.
We are all grossly negligent.
I told myself I wouldn’t buy BP unless it loses 90% of it’s value from it’s all time high. That means BP @ about $8. Although if it gets around $10 I may be tempted to buy it, just as sort of a memoir of the great asshattery of 2010.
If you think that after loosing 90% of value you will buy a bargain stock, you’re wrong. The thing is that this company will be bloodless, so to speak, meaning that it will not have enough resources to even keep afloat same scale of operations as before the spill, not to mention any growth. So, basically you will own operations which primary reason to exist will be to pay out debts taken by previous equity owners. And according to conventional corporate finance theory management of such a company will avoid taking profitable risky projects because the fruits will fall to the US government but not to the equity holders. In other words think twice.
what’s with Henrry and his IMAX stocks??
Nothing is as terrifying as a 3-D margin call.
http://www.youtube.com/watch?v=iEnCKEfSgUM
BP and Greece will default over the weekend….this leak cannot be stopped..Hayward probably is loaded with BP puts
“no floating door included.”
Brilliant. You should write for TV. I know a guy.
Should Greece win I expect the market to end flat. Should they blow it after given a fucking gift by Nigerian red card stupidity, I might join Mr. Le Fly. I expect European traders will be pissed and will take out revenge on a Greek, Spanish or French Bank. In the meantime back to watching more soccer, the markets can wait.
Let Greece win the World Cup so they can default in pride.
Fly-
What are your thoughts on CBOE? Don’t you think they will get bought by ICE, CME or another exchange in the next year now that they are public?
Thanks,
Costanza
At 2.5 million barrels flowing into Gulf a day(recent government est.) things could get very ugly in the market and at ground zero ,if the hole is not capped soon.
I believe you mean 2.5 million gallons. Factor of 42 difference is all. Still a shitload of oil coming out either way.
BP :Andy Dufresne as Obama :Bogs Diamond.
Fly, please tell us what do you make of this blowhard: http://www.cnbc.com/id/37753199
I hate VMW. Way overpriced.
CRM as well.
Agreed. 12.5 Billion market cap for 1.3 billion revenue and the product has competition. Even if these 2 companies exceed expectations, they won’t be worth their current stock price for another 10 years. Plus, the bigger they get, the harder it is to keep the growth rate.
Fly, sign me up for wanting to know when you go for the BRITISH LOTTERY. Thx!
Does anyone here know the small cap drug sector?
I need to find a few examples of public drug companies which had to raise money to fund phase III testing, and subsequently gained FDA approval. I am looking for examples of price action and volatility between funding and approval.
Are there any good websites for small cap bios? Or does anyone know this sector well enough to throw out a few names to look at? TIA
I know this about phase III companies in the small-cap drug sector – a lot of them used to be phase I or phase II companies with much higher market caps.
The above is not a data-based comment, by the way. Just a snarky way of saying that I view the sector as a total gamble, and retail investors most definitely aren’t the house.
This is accredited big boy money.
I wouldn’t dare question the size of your..uh…stake, Mr. Diggler.
Big boy money gets you better comps at the casino, but the odds are the same.
Those playing the FDA Wheel of Approval game are gambling. I’ll presume that you are playing a different game.
I’m not playing at all. The guy who is, however, is a great gambler. If you throw 50 darts and 2 or 3 hit, doubling or tripling your entire layout, the other 47 don’t matter. It’s like drug cartels. If 80% of their shit gets seized, the money they make on the remaining 20% keeps them profitable. If those 50 darts are less than 5% of this guy’s net worth, then it’s like advanced bingo; keeps him from getting bored.
This is all gambling ott. All of it.
I’ve long since lost the reference, but in the late 90s I saw the results of a study of investments in biotech over time. There were some well-known big winners that fed the “throw 50 darts” approach. What the study found, though, was that the industry as a whole provided a very poor rate of return.
There was too much money being bet on longshots, making them too expensive for the risk.
This guy has money to burn, and it keeps him off the race track – which makes his wife happy. Again, bingo.
ACAD
SNSS
HGSI
DNDN
Muchas Gracias.
“Folks, BP is destroying the entire Southern coastline of the Unites Steaks of America. ROFL. And you want to go long?”
I think that this is an awesome statement, and it hits the nail right on the head… Brilliant!
Great posters you have here fly