After a long journey, “The Fly” is back in the saddle, sipping on a fine red, as the Mrs. dutifully unpacks the luggage.
For the remainder of the night, I will be preparing for tomorrow’s trading session.
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Welcome back to the place where people don’t look like sea urchents.
And are marvelous spellers.
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Yeah, sure. I believe that first sentence. :)-
My wife is still unpacking. She hates it, but would hate it worse if I “helped.,”
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#1,000 PPT subscriber has been identified and will be contacted shortly to receive his prize.
Thank you and congrats.
^ Stole that from Danny^
Once upon a time, this guy told me he despised “dirty internet money” & wouldn’t pursue it.
To which I say, Congratulations, Liar!
I hope it was me, Jeremy just cashed my check…do I get a t-shirt, a coffee mug???
hi there Fly
can you open up your system for asian markets??
i will be first to sign up!
not enough demand. Sorry.
Welcome back Dr.
glad to see your back in your favorite saddle
Do you like KLIC on the back of the Intel numbers?
Long a shit load of NVDA
FWIW, I work for a supplier of semiconductor capital equipment. We currently have the biggest bonus pool in the history of the company (possibly enough to pay the bonuses of 2 if not 3 Goldman employees).
FWIW, I work for a company who buys components from the semiconductor industry. Our biggest problem over the last six months has been acquiring components. The lead times have doubled, and in some cases, tripled. Demand is way outstripping supply. We can’t keep up and need to go through brokers at double the price just to get components.
Where were you fuckers telling us about how great shit is two weeks ago?
Waiting to get a low as fuck price on my ESPP shares. To be honest, I already sold last Friday. My time machine is not well calibrated.
Sir Fly,
This has been going on for quite some time in the chip industry. I also know folks in the industry who have said supply hasn’t been able to keep up with demand since before last earnings season. But everyone was on edge. The companies were giving poor guidance (even though they had orders up the ying yang). I had heard over and over that chips couldn’t keep up with demand, yet there were so many possible negatives to screw it up, margins, the Euro. I expected to see big numbers last earnings season but the chip companies were keeping their traps shut. The whole thing reeks.
With strong earnings 105xx otw.
Señor,
Congratulations on a sucessful family outing. I remember my brother and I stirring up my mother on a mountain clif road, you are a good man to endure that.
Will you sell into strength? I might very well do so, and ill be placing tight stops no doubt.
One horrible report and the euphoria dies. Hedge appropriately to your circumstances.
wild world.
Dammit! I knew i should have waited one more week before joining. I was sure i had a lock on 1k member. However i did buy a “free RW” t-sgurt today. It rocks!
It’s not just in the market… miracles happen every day.
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good stuff, Jake
Today we came near the resistance level that I featured in Turning Japanese article at 1102…the whole stupid thing seems to have come from Citi Techs buying the Eur/USD at 1.2558ish in the morning around Trade Data and causing one mother of a short squeeze cuz everyone was shorting it after the missed ZEW and Portg downgrade…that is why there really was a divergence in the JPY in the morning. Tonight Shanghai comp still couldn’t take out recent highs and pulling back again into the close…and Shanghai Futures exchange actually has rebar in Red and copper barely up…eur/usd is below it’s highs in USA session….France is Bastile day, but electronic trading will be going on.
Tired of eating sandwiches – lobstah filled sandwiches that is from The Raw Bar and time to get engaged again.
A few updates from OEW:
“After the July 1st SPX 1011 low a week ago the market did something this past week it had not done since July09. Rally strongly on a week to week basis. We posted in friday’s update that there were only nine times the SPX and DOW both rallied over 3% in one week since the bull market began. And, they all occurred either at the beginning or during uptrends. You can review that post for the details. To put the asterisk on that observation the SPX/DOW finished the week with more than a 5% gain. This has only occurred three times since the bull market began:
1. the week of Mar 9, 2009 … the kickoff to the bull market and Major wave 1
2. the week of Mar 23,2009 … the continuation of Major wave 1
3. the week of July 13, 2009 … the kickoff of Major wave 3
This week’s strong rally suggests it was a kickoff to Major wave 1 of Primary wave III. The correction, not yet confirmed, may have ended on July 1st at SPX 1011.”
Tuedays OEW Recap:
“The gap up this morning took the market to a higher rally high, and then closing high, for the sixth day in a row. This is exactly what one would expect coming off an important oversold low, the potentially Primary wave II low. This rally started a bit choppy from the low at SPX 1011, but clearly started impulsing after the July 6th SPX 1018 low. Currently the market is trading right at the Primary wave II correction swing pivot 1090. This pivot has been the positive/negative pendulum point during this entire April to July correction. A continued breakout through this pivot would be another positive, and a breakout above the OEW 1107 pivot will likely confirm a new uptrend. Based upon the oversold condition of several technical indicators, we’re expecting this new uptrend, when confirmed, to be the start of Primary wave III. Specifically, Major wave 1 of Primary wave III. The four year cycle low may have bottomed in July, the first of the two common months including October. Short term OEW charts continue to be positive. A ten to twenty SPX point pullback can occur at any time, but upside momentum looks good.”
Ah, the infamous Primary Wave III … the most explosive wave up of the entire bull market is on the brink of breaking out.
then why do you describe it as infamous?
If it’s Primary, why is it third?
The winning third place finisher is on the brink of finishing (hasn’t finished yet & will not be the winner). Makes no sense.
Latest post – turning from bullish to cautious and some beautiful advice. http://www.ibankcoin.com/peanut_gallery/index.php/2010/07/14/july-14th-may-be-a-turning-point/
Teahouse, take what those fuckers say with a grain of salt
they were bearish all the way up until mid March or so of this year
Also they will re adjust their outlook of the past 30 years and the future if they happened to of missed a candlestick here or there.
there is always 2 possible scenarios with them, up or down, and their analysis is only confirmed after the fact.
You are back none too soon. Market sentiment and action has gone from near apocalyptic to the second coming of the dot com boom in a mere 8 days…feels like this could rip way the fuck higher with a certain relentlessness, but at the same time we are getting pretty close to an area that should sell off…..it is presenting quite a quandry.
Fly,
is SD dead money. Thinking of unloading and putting that money to work in something else. I hear that when the the recent merger is completed the stock is a screaming buy. But there just seems to be a constant cloud around natural gas.
That sucker get thrown in the dirt with ever selloff. I see a lot of insider buying and the stock seems cheap.
Just curious, but why isn’t there a ibankcoin package price for all paid services provided, save 20% on each service if you have all three or something of that nature ?
TNA is up 25% over last 5 days – any of you “stockpickers” beat that? Just checking, that’s all.
Bee nice. Remember it’s levered 3X. I’m sure there are lots who are up 8.3% over 3 days. That is all.
http://new.music.yahoo.com/bruce-springsteen/videos/view/rosalita-live–25304485
Get ready to V.King