Listen very closely, as you can actually hear technology stocks crashing into one another, like little clouds made from metal. As a point in fact, the bustling metal is giving me quite the headache. Are you not disturbed by it, especially during afternoon tea and crumpets time? Thus far, we have received NOTHING BUT BAD NEWS in the tech sector. Please do not mention AAPL, for they are in a world of their own.
Yesterday’s warnings came from TXN and NSM. Fuck faces from the internets, IGNORE THESE WARNINGS AT YOUR OWN PERIL. Hey, it’s not like I give a shit; but I’m just saying you should take a peak.
OVTI, ATHR, ANAD, CSCO, NETL, SWKS, SNDK= CLAWHAMMER.
That’s all.
Oh, by the way, during OVERBOUGHT cycles, according to the laws dictated by The PPT, GLW goes down 87% of the time for an average loss of 4%. Now you know why I sold out of my GLW last week. On the other side of the coin, in OVERSOLD cycles, GLW trades higher 81% of the time for an average return of 9.6%.
What does this mean?
SHOMP
NOTE: Yes, I see oil is higher. But now ask yourself a question, punk, “is The Fly feeling lucky?”
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where’s zombie?
I was also expecting the first post from zombie “FIG” 😉
ZIG
SHIG.
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Shemp?
As in The Three Stooges Shemp?
Shomp is god.
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This should be a good one… 15 minutes under development
I always feel lucky working on custom oil field equipment.
PPT has GLW’s number, boom.
Yeah those are some nasty charts.
NSM is getting destroyed….
The Fly can feel emotion?
no
Space Alien…it’s a diffferent type of emotion….btw props to stockrider for going short tech yesterday….
Even Analyst, and you know how much I like them, downgraded CSCO today
Gold and copper are rolling over, but silver is not. Two warnings came yesterday for AU and ANV citing the removal of their hedges which could possibly accentuate losses if gold falls. If there’s no tech demand, mitigating fear of financial collapse, and a rising dollar with increased exports there could be some deleveraging on the front, Mr. T repo style.
Or it could maximize gains for them as gold erupts. I doubt they did it to accentuate their losses. Only tech stock I like right now is TSLA. Increased exports? From America? hahahhaa. From whom to whom?
Go read why the above names in Fly’s post were downgraded or had their earnings guidance lowered. I know it must be hard to do that sort of thing while you sit in that treehouse of yours poking your shoe with a stick and wearing Wonder bread as glasses. The gold/silver/copper strength argument has been used as a means of explaining demand from tech companies and jewelry consumption in bullshit third world economies by the media. Those precious metals play a somewhat insignificant cost in the manufacturing of smartphones for instance (more in other equipment) but the supply and demand story supercedes those cost factors in terms of future earnings. Revenue versus margins.
As for the increasing exports- go fuck a kite. Read yesterday’s international trade balance report. Exports increased and imports decreased for the US, albeit one more than the other. China’s trade balance fell too as imports rose.
mkt will unravel like a turban in a cat 5 shitstorm…
Oh, man, somebody SHOMPed me again and I didn’t even notice!
WTF?
European banks might be in more trouble than initially thought.
Deustche Bank is proposing to raise more than enough equity capital to make a bid for 30% of the PostBank float. The excess capital raise will probably go towards meeting the Basel II (or whichever version they are on now) Tier 1 capital requirements of 9% (up from 7.5%).
If a German bank is having to raise capital, where does that leave all the PIIG-iSh banks? And who will take those little piggies to market?
Unemployment is still over 20% in Espanya (sic). No find no jobs anywhere.
Off now to drink, watch afternoon bullfight and take siesta.
Maximus, I liked the way you stabbed the Emperor in the throat. He was worthy of it.
Here’s the thing… If Dutch Bank is successful in it’s $11 bn raise, that’s another hundo billion of shitty Greek debt they can buy.
Sometimes, it’s only about shoring up the center.
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All other banks in EU will need to cap up too. Another round of cap raises.
And if the capital is raised?
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banks will trade lower
Disagreuuuuuud! We are on the front of the cycle, not the back.
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Maybe they are just raising more cash to take out a competitor – tis the season for M&A
SHOMP?
Boosh!
http://www.youtube.com/watch?v=czmQfUmDcMg
The Slap-SHOMP! Stop living a boring life!
Le Fly = Luciano Zenetti ?
Tthe window for a dip is rapidly closing, compressed by actual data. Tech is wrong and will get talked out of it. Owning VXX is like hedging life with a shotgun, you better be dam’ sure when you pull the trigger on that one.
It all keeps drifting up, especially oil – there are still some swimming pools in north houston that aren’t filled with crude yet, no problem.
“Owning VXX is like hedging life with a shotgun, you better be dam’ sure when you pull the trigger on that one.”
that sure is in my case. each time i got in/out VXX i lost money. hopefully this time for a change i can get out of it with profit.
hey fly the games are almost over – oil should begin its long descent from here. i sold out of my 10,000 uco for a tidy profit and picked up 10,000 sco @ 14.50.
Why thank you good Sir.
… with oil pipeline leaks and thus … pipelines being shut down …
not to mention hurricane risks next week …uhhh Igor …
Crude Oil just may see a bit more UPSIDE !
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Disclosure : LONG copious amounts of UCO ! fwiw
.
I believe I will take my UCO profit today, for I am not in the business of betting against the Fly. Good day Sir.
Markets slowly grind higher for the time being. Frustrated bears will finally give in and then that will be the top.
Along with tech the telcoms are creating bad vibes. Can it be great when Stephen Elop goes to NOK from Mistersofty bringing his kit full of the MS business segment and a history at Boston Chicken? Sounds like the Fed head peewee being replaced by Larry Kudlow.
Just Go full retard bear portfolio…….20% TZA 20%SCO 20%FAZ 20%VXX 20%TYP that ought a do it.
http://www.youtube.com/watch?v=5bLVitR8F-Q
LOL…Obamaville…rising fast on the Country charts