The metals are getting blown out today, especially my largest position CLF. The knee-jerk reaction would be to panic, shit your pants, then sell, while exlaiming “TIMBERRRRRR, we’re going lower.” However, I don’t think we’re done going higher yet.
The sell off in the metals is commonplace, following a ferocious run up. So, with my money, I will add to my CLF position and do so with the utmost honor, displaying both tenacity and gentlemanly behavior while doing so.
If you are looking for strength, go check tech. Names like SNDK, CIEN and QCOM are showing some decent resiliency.
At any rater, I have a long day ahead of me. Before I go, I will take about 5% of assets and deploy them into this sell off, putting my total cash percentage at 35%.
UPDATE: I added to my CLF position down here and started one in NVDA.
UPDATE II: I added to my CIEN position.
UPDATE III: I sold out of DE.
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Fig (why am I doing this?). Boredom I guess.
Down very soon and very hard I think.
Da Fry is Gored (sic)
(I no like thai foo, eder)
Are you selling your BP today? Oh yea… never mind.
Is that some rare form of comedy that I am (unfortunately) unaware of?
Thursday, June 24, 2010 at 12:35 pm, Fly says:
” Should BP go to $20, then $10, as I think it will, I want a piece of that Armageddon action.”
Fly Leech says:
June 24, 2010 at 12:43 pm
“My prediction: BP will rocket to 30 before it goes to 20. You can take that to the car wash.”
The Fly says:
June 24, 2010 at 12:53 pm
“You’re On!”
You take this blog comment thing serious, eh?
FUCK OFF, coffin stuffer.
PPT almost at overbought levels, do you need it to hit an extreme reading to consider it truly overbought?
For me: Yes. A close of 3.10 or higher. However, that does not mean we can’t trade off a bit. It’s never a straight moonshot.
ok thanks. the head and shoulders says we might not get it.
just kidding… please dont send me a lit atom bomb lol
what’s for lunch?
Thanks, I’ll fade this rally and chuckle at those who faded the World Cup octopus.
Suck moose cock
will start trading by the end of next month.
hello to all.
Hey, good to see you around.
thanks. good to be back. will be posting again. hope i don’t get to be a pain in your ass.
Jake, my friend, will email you soon.
ref to Johny Wang, above and “Gored”
Some of you will recall that on July 8, 1947, a little over 60 years ago, witnesses claim that an unidentified flying object (UFO) with five aliens aboard crashed onto a sheep and mule ranch just outside Roswell, New Mexico . This is a well known incident that many say has long been covered up by the U.S. Air Force and other federal agencies and organizations.
However, what you may NOT know is that in the month of April 1948, nine months after that historic day, the following people were born:
Albert A. Gore, Jr..
Hillary Rodham
John F. Kerry
William J. Clinton
Howard Dean
Nancy Pelosi
Dianne Feinstein
Charles E. Schumer
Barbara Boxer
See what happens when aliens breed with sheep and jackasses?
I certainly hope this bit of information clears up a lot of things for you. It did for me.
No wonder they support the bill to help illegal aliens
mexicans are living proof, that the indians, did fuck buffalo:)
option expiry week… lots of stupid market action to look forward to.
wahoo!
Hey buylo, that is awesome! Thanks.