So, as I make my way up this stupid coast, I am pleased to report that New York City mugs all of these little bullshit cities and towns, repeatedly, without remorse or reconciliation. It doesn’t matter if my sentences make no sense, for I am “The Fly” and you are a jackass.
Thus far, I’ve noted a deep recession in most parts of New England and flamboyantly gay parts of Cape Cod. Moreover, the lobster place I “dined” at tonight, in Portland, was a fucking steaming pile of shit. Basically, dinner consisted of a 2lb lobster, 2 lobster rolls, grub for the kids and drinks, all for $100. It wouldn’t be a bad deal if the lobster didn’t suck cock, lined with black shit inside of it. Upon bringing this to the attention of the local yocal, her reply was “that’s the liver; it’s a delicacy.”
No thank you, female fuck face, for I am well versed in the consumption of lobster, reigning from the food capital of the United Steaks of America: NYC.
First thing tomorrow, I am the fuck out of Portland (a decent, but entirely gay city), en route further up north, where bugs eat people alive and shit.
As an aside, did anyone notice my insane winship today? I enjoyed tremendous gains in EWZ, FLS, TNA, SHLD, CLF etc. Literally, the list goes on and on. How did I do it?
How does The PPT work?
Well, that’s a very complex question to ask myself in the middle of the night. In short, it rates over 4,000 stocks on technicals (accumulation/distribution, relative strength, price performance, volatility and volume) and fundamentals (debt/equity, PEG ratio, p/b, p/s and profit margin). Both scores are combined, weighted slightly towards technicals, with a variety of correlating factors mixed in, using price action in oil, natty, gold, treasuries, steel, grains, yen, dollars, euros etc. Oh, we also throw in a “6th column” of ROE/gross margins ratio with a little “sub rosa” resetting daily, using all the shit I mentioned above.
Basically, it’s complicated and way above your pay grade or bullshit backtesting abilities.
At any rate, top pick for tonight it DE.
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The Fly is God.
THE FLY IS GOD
Long de since april 20, 2009, a down 4% day catalyzed, if memory serves, by bac earnings. My portfolio was down >10% that day. Wild ride. Sold a lot of it april 2x, 2010 as it cleared 1 year.
Neway, the ppt has been fun to follow
That was a Deepwater Horizon Lobster – a delicacy of a different sort.
It was the quickest $100 meal of my life, in and out in 15 mins.
The name is The Portland Lobster Co. Avoid at all costs.
dude, no self-respecting NYer dines at these chain restaurant shit shows and you know it. Really!? It sounds like a “lobster” restaurant from the Delta terminal of laGuardia. Was Forest Gump your waiter?
Found this:
A Guide To Lobster “Stuff” By Color
Black Stuff – An uncooked or undercooked female lobster may be harboring eggs, also known as roe or lobster caviar. These eggs prior to cooking appear thick, shiny and black, and may be found throughout the tail. If you have cooked your lobster and still see the black stuff, cook them longer and the black stuff will turn into…
Red Stuff – Once the above mentioned female lobster is fully cooked, those eggs turn bright red in color. Their texture becomes firmer and they look more like the lobster caviar you may have seen used at your local sushi bar. It’s quite delicious, try it if you’re feeling adventurous.
Green Stuff – The green stuff is the tomalley, or liver, of the lobsters. All lobsters have tomalley and you’ll discover it when you separate the tail from the body. Rinse it off before digging in!
White Stuff – Once a Lobster Gram lobster is cooked, you will always see thick whitish foamy stuff around the meat and in the cooking water. This is the fat (or protein), and can just be rinsed off. It’s yet another sign that your lobsters are incredibly fresh!
You do not need to rinse the green shit off. It won’t bother you one bit. Just dip it in the butter and follow that with a swig of beer. Someone from New Yahk must have written those directions.
she said it was tomalley.
that is still cheaper than a blowjob. It cost me $150 I COME out and paid at 13 mintues
The green shit is good for you. The black shit was either dirt or oil residue.
The only other consideration (perhaps already baked in the cake) would be where the stocks/indexes/commodities would need to be to make the options expire worthless thereby maximizing profit for the House (market makers like Goldman Sachs) near expiration.
My suspicion is that the Russian code referred to by GS as being able to “manipulate” markets was found – but seriously, cheers to your health as I need you to live long and prosper.
Cheers! Obey PPT Posse
I hate to tell you this, but Maine has been trying to reinvent Portland since I was a kid in the 1970s. Maine lobsters are overrated. In fact, other then it’s own innate natural beauty, Maine is one of the most backwahd New England states I’ve ever visited, and, growing up in Massachusetts, I’ve traversed through them all. I’m sure you drove right past the RT. 128 North signs on your way to Rt. 95 North, or bypassed The North Shore of Mass., altogether driving up 495 to Maine. But the best seafood can be had in places in places like Marblehead and Gloucester and Essex and Ipswich, best beaches too. Best roast beef or lobster roll, Kelley’s of course. P.S. I hope you stayed in Wellfleet because P-town sucks you know what.
I was in Wellfleet. Portland is a nice little city, sort of reminds me of a clean SOHO.
In general I’ve learned to avoid restaurants with Co. or Factory or Depot or anything similar in their names. I always end up eating something that tastes like wet dog, sooner or later.
And why is it that the nasty parts of critters no one but gap-toothed yokels and gourmands eat are referred to as “delicacies?”
Yes, like the fabulous “tripe” my mother used to routinely eat. Cow fat – I believe. If you don’t care about your gall bladder eat that.
I’ve had that. Squishy. And yes, a bit like wet dog.
Ix’sThings to Avoid Eating (Again) v3.7.1:
1. Crab gills
2. Rocky Mountain Oysters
3. Tripe
4. ______Head Soup. Heads (of any kind) aren’t supposed to be in my food or drink.
5. Raw Sea Urchin with Raw Quail Egg in a shot glass. I don’t drink, so there’s nothing I could chase that with which would possibly help.
6. Eyeballs. Still have nightmares.
…
99. Erotic Marzipan
Shirako = male fish genitals. Usually from true cod. It’s the best thing on the sushi menu, by far. In season in the early part of the year.
FYI – Tripe is the stomach lining of a cow…not worth eating.
Tripe is used in a lot of dishes worldwide, and IMO it’s great due to it’s texture.
http://en.wikipedia.org/wiki/Tripe
Brain, however, I do not like. Too rubbery and chewy.
lobster was once served to prisoners whilst captains dined on tuna. I swear if lobster was cheap and plentiful, it wouldn’t be nearly as popular.
Anyway, so the PPT is described very loosely above. And, like many I am sure, I am led to wonder under what kind of circumstances it would backfire or require some kind of adjustment which, of course, I myself cannot make. Maybe rising treasuries are correlated, in recent history, to weakness in equities. So if treasury rates are falling (treasuries are going up) and the market is moving up, it becomes overbought faster than if treasury rates are rising. Or whatever, I’m not remotely claiming to understand it as I’ve hardly pondered it. I am just willing to believe that such a system could be devised and have witnessed it have some success. etc., and thinking out loud. Ditto yen, etc.
Interesting stuff.
There is nothing like The PPT.
Salesmanship aside… w/the current algorithms, would the ppt function in an environment ala late 50s and much of the 60s, that was a secular bull with rising interest rates?
yea… I live in Australia where we have the ones without the claws. I personally don’t like Australian lobster (called crayfish) as it’s very harsh tasting and much prefer the American East coast variety with its sweeter texture and taste.
Back to the subject… Lobster here was until the 60’s known as the working man’s Friday night dinner. A ‘cray’ and a bottle of beer.. or two. It was a cheap as dirt.
Best lobster I ever had was in Anegada, which is the only atoll in the British Virgin Islands. And to tell you the truth, it was crap, compared to black cod (sablefish) any day of the week.
So you’ll passing by my territory. You might actually have a better meal at one of these shithole fried fish places, since Portland’s basically a village with two 10 story buildings pretending to be a city.
At least it’s cooler here than Boston right now.
I will be in Boston next week. What part of Maine are you in?
The only reason why I went to that Lobster rest is due to their raving reviews.
Mid-coast, 15 minutes from Freeport, which you’ll no doubt pass if you’re driving up the coast. Something about the LL Bean store that makes everyone want to go there for some reason.
Good ol LL Bean. I’ve been to Freeport a few times. Used to live in St. Stephen NB, next door to Calais.
Never underestimate the Fly’s taste in fine dining.
Try the New Orleans seafood gumbo in the french quarter. It’s a slice of American heritage served with a side of rich and time honored American culture.
Are the elements of the fundamental scores adjusted quarterly or annually?
Did you ever consider adding dividend yield as another column?
Oh, divi yield is involved too, but limited due to fuckery.
Data is updated constantly. Meaning: if XYZ plummets in price, automatically, the fundie scores improve as valuation becomes more attractive.
Right, I understand that in regards to fundies but you have sales, book value, margins, etc. where the elements other than price are pretty stationary quarter to quarter. Not sure if you use quarterly stuff or audited annual shit. When does the PPT reset those values?
quarterly
Do you use PEG ratios in the fundamentals? I look at prior quarter PEG and forecasted next quarter PEG based on expectation. If these are already included in the fundamentals I can skip that step. Always concerned about being in low quality when the music stops, so I wait for technical set ups on decent fundamental stocks with positive earnings, strong growth, and a strong balance sheet. Dividend yield is a plus, those companies seem to drop less in down markets.
There are good companies based on fundamentals, but the valuation might be over or under valued. Do you consider oversold/undersold the same as over/under valued – trying to get a feel for what this represents when mixing fundamentals and technical analysis.
Lobster is overpriced shrimp.
Bull. Australian tiger shrimp… the best in he world… are nothing like lobster.
It’s like saying lamb and beef are the same but different prices.
Shrimp is better because it is sweet, but if you are into fish, you are into oily fish — Chilean sea bass, black cod, and Yukon River salmon. Most restaurants don’t know how to cook fish, IMO. If you ever get the chance, try miso-marinated black cod. sometime.
Trip advisory gave this dive 3.5 of 5 thingies.
http://www.tripadvisor.com/Restaurant_Review-g40827-d387938-Reviews-Portland_Lobster_Co-Portland_Maine.html
Bottom feeders are risky these days, but DID YOU KNOW that you can raise your own shrimp in a small freshwater pond? They only spawn in saltwater, but apparently they will grow just fine in freshwater.
http://cowgirlscountry.blogspot.com/2007/11/raising-your-own-shrimp.html
Fly, curious what gives you the impression of a deep recession? Any specific issues you notice?
I live in an area that the local mindset is always in a deep recession – regardless of overall expansion/contraction. Sometimes can be decieving
I’ve never been to the north east but am curious what you’ve seen – are former fishermen sleeping outside the local lobster restaurants?
Hmmm… Real steaks come from Chicago aka Da center
PS. I’m dying to try the green shit
Real steaks come from cattle that graze only on organic grasses (the upper tips), and receive organic grain feed. Scottish Highland cattle is considered one of the very best.
HEMLOCK HIGHLANDS
8110 Sims Rd., Sedro-Woolley (that’s WA state to all you East Coast fucks)
Owned & operated by John & Jean Bates
(360) 856-5871
http://www.hemlockhighlands.net
If you think Chicago has the best steaks, you’re fucked. You need to support your local organic farmers and ranchers. These people have the inside scoop and they don’t raise enough head to sell to big outfits.
Imagine that, the Queen of England gets her steak from WA state.
Basically people out here look like sea urchins and they live in houses fit for pilgrims.
I remember it being like that 6 years ago – it’s kind of a perma-recession up there. Not much opportunity or mobility.
And the waitress probably knew damn well the lobster was funky – many people up there have kind of a chip on their shoulders towards out-of-staters. Especially those from NY and Boston, or anyone who isn’t conspicuously tight-fisted with money. I can totally see them trying to pass that shit off as “how we eat it up here” with a sort of “well look who’s too good to eat the regular stuff” kind of attitude.
That said, I’m glad to see you’re getting a feel for the moods on the ground outside of NYC. Pretty much confirms what you’ve been saying for a while now, doesn’t it?
Lol – were these people good looking and lived in big houses before the recession?
Scary what a financial crisis can do to your complextion
Lol – were these people good looking and lived in big houses before the recession?
Scary what a financial crisis can do to your complextion
exactly
People living on the coast always look like shit because they just drink all winter. Their homes and buildings are always old and weathered looking because usually they are too drunk to do anything about it or give a shit. Then summer comes and they have to make all their money for the year off the tourists.
Read this if you want to make money. Latest post at http://www.ibankcoin.com/peanut_gallery/index.php/2010/07/08/read-this-if-you-want-to-make-money/
Fly,
I’m from NYC and also driving up the maine coast, portland was my stop 2 days ago. and now heading up further north. You’ll know its me because I’ll be the one speaking normal english and not in awe of your fast talkin big city swagger.
I am suffering from a complete brain death related to sleep deprivation.
Credit card delinquencies being so low is a very good thing
Fly…..after looking at the PPT—how do you arrive at DE being your pick of the evening?
Peg ratios are included, but in a unique way.
Keith
Where are you heading?
Buying de based upon os accuracy