Holy shit it’s worse than I thought. The pin action is actually pinless hand grenades, fragging investors while they sit on toilet bowls. As you know, yesterday, I stepped in and bought some CIEN: BIG FUCKING MISTAKE. That little hand grenade just blew up on my lunch platter, mixed in with my lettuce and shit. It was camouflaged.
Here’s what you need to look at: Euro down, Yen up, TLT up, stocks getting murder smashed. Assume the position, run for cover, and protect your fucking pebbles.
Oh, by the way, The PPT is NOT oversold either.
Top picks: Heavily long VXX, ERY (in it for a little BP to zero action)
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Not oversold yet? I’m shocked.
They broke this market. It just reeks of dispair. Random moves and boxes killing each other for .0001.
you will notice that the TNA is up, and looking strong. I think there is a play there. I’m long 5000 shares at 41.30.
Prepare to lose $5,000.
Is it me or is MS and BP moving in tandem? Think MS has some bad BP shit on the books?
LOFL @ the moniker.
Is that you, Cap?
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Good call on the ERY trade out with TZA, should have followed. Might catch it on the next pull back.
I followed the TZA to ERY swap.
Hey Mr Fly, I told you CIEN sucked dick.
AND MORE.
Fugly
Lettuce and shit. Nice salad.
This market is rangebound.
Ride accordingly.
Jacksonian Portfolio (TCK aside) is as green as a Christmas tree in early December. SLW up almost 4%.
What’s that clacking I hear?
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Now Mr. Fly….Can you kindly send over your Assistant to throw really hot coffee at the STUPID Analyst? I have had to listen to their stupid, lazy, lame reasons why they have to upgrade FSLR,keep BP as a buy etc at the top of this stupid bubble and I think they deserve Coffee, lots of Coffee….stupid Analysis.
Can you believe the “stupid analyst” keep upping the price targets on Apple? I mean, come on, they act like everyone is going to stand in long lines for days just to buy their stupid little iPhones…
(voice from the crowd explains the applemania)
What? People have been standing in line for days? UPGRADE!
Next they are gonna tell me that more people will use debit cards in the future versus cash payments.
Silly analysts
http://ibankcoin.com/king_of_the_pg/2010/06/22/apple-for-my-teacher/ This is when I declared a top on AAPL this last Monday Night. In Law School, as Chess, etc knows in the first year the class is huge and everyday you have to hear your fellow students brief a case, which is mainly pick out what the case is all about at the core from all the facts of it. Very Smart professional people totally missing the entire point of the case….that is what most of these Analyst do. Fly posted X Analyst Report…they focused in on Tubular Steel…they never once mentioned Iron Ore and and the big three, etc…..Law School kicks out all of the students in the first year that can’t spot the issues, imho Wall Street doesn’t and in fact seems to promote them…I’m looking at you Jim O’Neil…………but Bullish there are always two sides of a trade so maybe the World will be perfect.
honest question and not meant to be a hard arse. Does Todd Harrison at Minyaville ever ever have a view? He’s so hedged on everything he says that it would be better if he just didn’t write anything and wast people’s time.
It’s okay to be wrong t times.
Stopped reading that squid ages ago.
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who knew real estate (IYR) could be so strong today on the blowout numbers by KB Homes (orders dropped 23%). holding 2k shares of DRV from 6.15 range. will continue to ride this one till the PPT says otherwise. but odd cross currents indeed.
I believe IYR holds commercials.
Look at XHB,ITB etfs for residential holdings.
funny you say that. i just opened 2 watchlists with the top 10-15 holdings in IYR and XHB. Didn’t have ITB on my list. Thank you! Gonna do that now. After a quick review of the EMA action and basic indicators this feels like a relief rally driven on the oversold shorter time frames (hour, 30 and 15). The 1-day for each is still pretty bearish. Gonna stick to my position for the next week and accept the face punch today.
It’s not that bad today, so far.
Small caps have been leading and financials, including small and mid-sized regionals, are doing very well.
Drillers have been hanging tough.
If the chips can get off the mat there will be a big move up into mid afternoon (what happens after that I have no clue).
IWM looks like an ascending wedge. Be careful with those small caps.
Bought some QDEL.
Today is 200 Day Simple Moving Average test day for SPY, DIA, IWM, QQQQ.
Really?
Si señorita.
Banks and financials have appeared to hit a wall.
Chips have rallied a bit with the Euro.
Maybe the TradeBots will carry the financials over the wall.
Out of SMH for a fair gain and into the pool.
Have a good weekend.
Anyone can comment how the reconstitution of the Russell 2000 after the close will affect the market?
http://www.russell.com/indexes/documents/RussellResearch_Price_Pressure_Russell_Index_Recon.pdf
Of course, that was then and this now now however.
Look for an afternoon G20 rally
Normally they turn out to just be Photo Ops.
CIEN came back a lot, you are only down 2% right now
The stock market, and the real estate market have become so manipulated by the goverment, that theres no real method that can be used to depend on to determine real value.