Fuck with The PPT aka S.H.O.M.P. lose your fucking house to foreclosure proceedings.
Joined Nov 10, 2007
23,436 Blog Posts
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the AAPL iphone 4g antenna problem is solved by using ANY after-market case. Unfortunately, AAPL is telling customers they are not entitled to a free case.
The question is, will AAPL release a free case soon? or, will they wait for a 50$ drop in share value?
Based on their enormous egos, im willing to bet that they wait too long. They will gut the price of a stock, because they’re too cheap to hand out a 5 dollar piece of plastic.
Truly Egregious.
http://gizmodo.com/5571171/iphone-4-loses-reception-when-you-hold-it-by-the-antenna-band
(solutions are proven near the bottom of the article)
who cares.
The point is, Steve Jobs is about to sabotage a bounce, across the entire tech sector, because his ego is too big to admit a minor mistake. This is ego-terrorism.
I disagree, iPhone owners will blame AT&T instead because it is impossible for AAPL to fuckup anything.
And, ergo, it is quite possible that AT&T could fuckup a wet dream.
May seem hairshirt but a narrow strip of plastic electrical tape will work also..insutating the area
The PPT worked, but the impact was several days delayed. I hedged to early, then took half my hedges off monday morning about an hour before the market started its 4 day dive.
one must be patient when wielding such a weapon…
Only problem with the PPT hybrid is that it requires some cognitive input on the user’s part. Once a signal is hit, one has to actually determine the action required based upon the signal and the market condition.
Uncanny, how well it works in the hands of trained professionals. Equally hilarious is how badly it can be misused and abused by the unwashed masses.
My account is up 40% this year following the PPT hybrid and the traders there within. I am a white belt at best. Fly is god. Enough said.
An indicator like the PPT going apeshit like it was (i.e. down in the face of a meltup) is an excellent reason to just stay hedged and keep your hands out from underneath industrial sheet metal stamps.
Huggie
Patience is required. You are merely a white belt. Go wax car
I hope ?=1.75 because I went full-retard, mustard stain on shirt, socks with sandals, mickey mouse ears, long into the close.
im just tryn to get in with a small opening posistion..and the futures right now are up…if i get up and they are down im out just as fast as i got in
There’s a 7% chance we gap down tomorrow, but if that happens there’s an 85% chance we trend up the whole day. But if we gap up, there’s a 65% chance we fill the gap but then reverse much higher, with the remainder being 20% doji day and 15% gap-and-crap. Either way there’s a 100% chance that I am getting “lifted” tomorrow night, so who cares, it’s only money.
thats a big gap…enjoy your uplifting
why would fly suggest to buy ERY if PPT shows buy signal? Use your brain.
Seems like ery finally formed inverted head and shoulders with target around 16
Yes, you’re right, I should be using my brain and doing technical analysis on 3x bear etf’s.
Are you kidding with this frigging nonsense?!
ERY is a 3x energy bear.. and its different than DPK.. but if i had to take a wild guess i would say volume at the close might be the reason….but why dont you ask him ?
That made me laugh out loud. Great wordplay. Well done.
Though, with your market hand, you’re screwed.
The PPT isn’t worth ball sweat. Fucking weak ass trailer park excuse for a trading system.
Uh oh, waiting for Sr. Fly to cut the nut cheese.
Nut
Fuck you: you’re banned
i love it. Ban meter please.
I’m sure its signaling buy buy buy… At least i hope so since I went very long into the close also. Buy anything at 3:57 this afternoon was my motto.
Regarding Apple and the antenna problem. Perhaps Apple made a good business decision by not handing out the case. I speak as an iphone addict when saying… We don’t give a crap about the antenna problem since we were all gonna buy one anyway.
Now Apple makes money on the necessary case (most wont settle for the $5 case and we’ll probably buy $20 case). Plus they dont lose money on the handout.
They are crazy smart… They just increased profit per customer purchase.
Apple designs flaws into their products in order to make money on the fixes. It’s the new craze (see AT&T).
Green with the Fly today (vxx,tza,ery). Thanks Fly and crew of the PPT. Sophisticated group of traders! Critics of Fly and PPT are losers!
FLY,
would you consider bringing in a “futures” person to blog ??
Your picture made me load up some old Michael Jordan clips and the “Be Like Mike” commercial. Even though he consistently clawhammered the New York Knicks, watching basketball was an experience when the man played.
Your avatar makes me chuckle every time I see it.
at this point, i am beginning to this panama orange really does have yellow fever…
He just likes to catch falling knives, lots of them
I strongly believe in inflation here. And Ill continue to believe it, as long as I see so much fear in the media, the internet, and in the general non-trading public. Everyone wants out of stocks, and into “safety” trades. As long as everyone wants safety, the “safe” trade will be the least safe place to be.
As far as me always catching knives–dont forget how bearish I was above dow 11k. I took alot of heat for that on here. Now your labeling me a permabull knife catcher? Ive also made long VXX scalps 6 times over the last week. I had a bad euro trade. I took a 5% hit, but have already made back most of it, through scalps, in a week and a half. Its only the 2nd swing loss ive had in a year. All posted live on stocktwits
Ive faded down, and up moves on stocktwits since august, with 80% accuracy. I dont have a bullish bias on stocks. I just don’t want to be with the public, as their “safe” TLT and UUP trades stop working.
Arch
Almost all of the bloggers i have tabbed derived from the pg. If you want to earn stripes, post there ans win a few kopg awards
i wasnt asking for myself , i know nothing about futures but would read what they have to say about them..
since the futures seem to be a real big item especially overnight..it would be nice to see what they see..
also i will have you know ,i couldnt blog my way out of a paper bag
Fly, am interested. How do I post there?
There’s never been this, much of a menace in this game as this.
And it’s the, most sinister duo in the business.
Once again it’s the ilest and relest killas.
The most villanious Fly protege, RC appretice.
Winship indeud.
What with all the negativity at the moment as I really don’t get it. Firms are pretty cashed up, durable goods orders came out fine. Of course there are some obstacles along the way but the US is not going into a depression just yet.
I know this may sound unfashionable, but Europe isn’t going to break up and they seemed to have stabilized their position there.
World growth is doing ok. I think we’re over egging the downside of this omelet. The US will grow at 2 to 2.5% a year. It’s going to be boring but that’s the story.
As for housing, well of course the number was ugly seeing the incentives were removed.
I’m a little long so if it goes down I’ll buy a little more but I’m just not this bearish.
Excluding Fly and others on this blog… these days everyone is a fucking macro expert.
Company profits are fantastic and productivity is way up it doesn’t matter because no one is buying or selling. Everything is just weak and the market is falling under it’s own weight.
Even a bounce tomorrow will probably be sold(Either the same day or Monday/Tues) and retesting the 1040 for the 4th time would be a bad thing. A break of that and we’re probably down at 950 which will get bought like crazy if we reach it.
Yea, perhaps that a multiple compression that’s going on.
I think TA is wrong in that company profits are fantastic. Employee productivity has doubled since the mid 1970s and capacity utilization has been increasing in 2010, but there has been inventory liquidation and organic growth is tepid. While businesses sit on record levels of cash, there is hesitation to deploy that cash which is a direct result of confidence deficiency. Software/hardware upgrades (the leading productivity/investment indicator) should increase margins; pockets of capex should start segments of the business cycle.
If you invert the situation and assume productivity is low, utilization is low, and inventory is increasing while businesses sit on little cash, what would happen? Confidence would be low also. I’m not saying inversion should portend causality, but there is an obvious false negative in the previous situation.
This logic would say that the ingredients are good, but there are other factors that supercede them- state fiscal policy which are decided by politicians who I consider malleable, and housing that represents a deflationary overhang. The budgetary decisions of whether to to stimulate or austere should set the tone of investments.
I guess that’s what you get when I’ve been drinking.
“Austere” as a verb.
Nice neologism.
I think I shall steal it.
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Totally agree..930-950 only real support and there stocks will be undervalued and a sustained move up can take place.
I tend to be in agreement w. Jay from Oz.
Thing is, he lives in a creditor nation. Why not be happy? I had lunch w. two of the smartest traders I know today. One is in every market in the globe, the other a gold expert.
They talked creditor nation v. debtor nation (guess who that may be?).
I wish you were at this meeting… these guys were talking “capital flight” if we do not win in November. IOW — if the Dems are still in power, you will see billions and billions in capital (from these two guys alone) fleeing the country.
Already set to go…. no joke.
__________
I’m with you on that one, Jake. The November elections is really very important.
Jake
Your two friends are fucking idiot morons. Then again, most people lucky enough to manage that much money, in my personal experience, are fucking morons. It goes with the territory.
Leave US and go where? China?
We are a Global system. Everything is connected.
All due respect, they are the farthest thing from morons.
Each is a university trustee (different uni’s). The one guy has so much raw brain power spoons bend, seemingly on their own accord, whilst we sup at lunch.
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Divided gov’t good. But let’s hope that your chicken hawk neocons never get both branches again or I’ll join your hysterical friends in their capital flight.
j – I’ll put my two-bit effin’ macro expert hat on and jump in.
I think it’s pretty simple with three major issues preventing a recovery and they’re all connected:
1. Unemployment and underemployment remains stubbornly high let’s say its about 20% give or take. Small businesses won’t hire until business picks up, that is when more customers are coming in the door and they can’t handle the new business then they will hire.
2. Housing bubble has not unwound completely yet. There are people basically living for free in underwater houses. That actually helps consumer spending, because these clowns are buying lattes rather than making mortgage payments on underwater houses. They need to move into rents, and let the market clear, but the banks don’t want the real estate back.
3. The political scene is so anti-business and up in the air that it’s going to put a lid on any small businesses investing until it clears up. I don’t want to lay the blame all on the President, but I think he’s done an overall terrible job on the economy, especially where he can help i.e. tone down the anti-business rhetoric (that is shut it down completely), don’t raise taxes when the economy is still weak (don’t let the Bush tax cuts expire), and finally set a adult tone that will inspire confidence in some future stability.
Unfortunately, I don’t think any of the above will happen. When he was elected I thought he was a pragmatist and not an ideologue. We’ll have to wait until the elections in November, and worse case 2012. I don’t think the Democrats will do that badly in this election. The people want free lunch, and the politicians are willing to give it to them.
I hate to even post a link to this egregiousness… tonight’s post with the assistance of the excellent (not) Apple product.
If you can’t read it, it’s about ENTR. Apologies in advance.
_______
PPT works, but about 2 days early in its indication.
Got impatient. Got out of the SPY put option.
Whoa, so fucking sorry you have to wait a whole 2 days.
Fucking ADD addled ingrates.
Just watched GasLand and thought the one part with the lobbyist arguing for hydraulic fracing was hilarious. He said that if we don’t drill stateside we will kill our energy deficit, then he added we would be backing terrorism. What a fucking lunatic. The fracing liquid and waste management is the problem, not tapping natural resources. These people have the worst critical thinking processes. Because there is no regulation, there is no need for the gas companies to regulate. They’re cowboys, distilling costs to the bare minimum. Regulate these motherfuckers and force them to evolve. The Delaware River will be fine and I’ll be fine in southeastern PA.
If you do not support Fracking, well then, you are a terrorist sympathizer.
That was not a lobbyist, but a US CONGRESSMAN!!
You know what, I just realized after I submitted that paragraph that he was on the side of the Congressmen (photographic memory)! I’d throw a velcro shoe at him if I was in that room. Bush terrorist style.
Woke up high on meth so I thought I was king kong or something… So I walked up to the Fly and said bitch… Give me a PPT Reading and some waffle fries!! ….For FREE!
He slapped me in the face with his monster dick so fast my head spun and I went into cardiac arrest. Luckily the electric auroa radiating from the Fly was enough to revive me. 5 weeks later I got out of my hospital bed and ran up out of there… Logged onto Ibankcoin from a hospital computer only to realize I was blind and I can’t even read Flys awesome shit no more!
Unforgivable!
Le Fly, my first post. Click on my name. Thank you very much for the opportunity.
I am not doubting its usefulness. First of all, i hedged early but not unadvisedly so (and i wasn’t the only one who was early). I simply erred in lightening up on my hedges at the wrong moment (and literally just a couple of hours too early).
With all of the above said, the hybrid still had me hedged for most of this downside action and i’ve weathered this little storm quite well.
my newest article….http://ibankcoin.com/king_of_the_pg/
Lack of patience in this market will lose you money. A long time ago there were to men, one says, i’m going to run up the hill and take one of those calfs. The patient man, walks the hill up and takes them all.
The only way to truly know how well PPT works is to see its daily values as a time series, not just values at peaks and trough. Overbought can become more overbought. A 3.1 reading can go up to 3.15, 3.2, 3.3. That’s why people sometimes get in early following PPT, or any indicator.
Has anyone made a chart like this? I remember someone bringing this up a while back, but I don’t recall ever seeing one.
Excellent point…
your boy Hugh,
http://pragcap.com/hugh-hendry-the-euro-is-finished
Jepp, The_Real_Hmmm has already posted this. Hugh is always an intellectual pleasure to listen to.
10am buy order, just like clockwork
😀 😀 😀 😀
I thure thowed those bankthers!!!
“going full tilted retard, short ”
I love this play after that dead cat bounce
Rumors of business credit being reduced. I’d be curious what the aggregate numbers are.
http://www.businessweek.com/smallbiz/content/jun2010/sb20100623_918912.htm
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