I bought some AMKR and GS today, because I can. My cash reserves are all but depleted (7%), thanks to my recent buying binge—fully acknowledging the markets magical powers with regards to clams with beards. Unfortunately, The PPT is registering the highest score of this rally, at 3.18, making it the first real OVERBOUGHT signal of this cycle, thanks to 75%+ of large cap stocks being rated buy or higher.
What does this mean?
Most likely it means we fishtail higher. Do you QE2? I most certainly do; thank you very much.
I’m highly dysfunctional; I realize that. Put “The Fly” in a room with stocks and a dozen cold callers: there will be blood.
The good news is I won the CHINESE LOTTERY today, via large position in PWRD. Did I sell into a 13% melt-up? Of course not, you brainless idiot. I want another 13% tomorrow, so that I can buy new rims for my car. My dart throwing skills are greater than anything you can imagine. One day, I will do a video, displaying my dart throwing accuracy, in “difficult” markets, such as this.
On a serious note, if I had a dog’s brain, I could make money in this tape. Wait for the top and embrace the elevator ride down, you little trollops.
[youtube:http://www.youtube.com/watch?v=nhjRmhP2f-8 616 500]UPDATE: PPT closed at 3.08 aka NOT OVERBOUGHT
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🙂
“Put “The Fly” in a room with stocks and a dozen cold callers: there will be blood.”
I’m confused… what does that mean?
You are an industry outside, so you would not know.
Wrong.
I just don’t understand
Correct
I’ve made more cold calls (back in the day) than china has lotto plays
that’s a lot of dials. I still refuse to explain.
Would you ask Van Gogh why he used certain colors?
or what happened to his ear?
or why he put his dink in the sink?
Van Gogh, of course, was nuttier than a bag of fruit bat droppings.
_______
Fuck yeah I would. Van Gogh is highly overrated. Cut your fucking ear off and everyone thinks you’re an artist, go figure.
Top. There is no top.
Spankin Loin and Bankin Coin baby…
Horatio is coming out…..watch out
Yes, my boxer pup Sam has done.. well, in all honesty, a very good job of trading for me today. He definitely wants to play Chinese lotto now that he’s had a taste of banking coin in more mundane stocks. To be clear on how to play this lotto – It looks like I just need to lay out twenty bowls of kibble with the name of each stock next to them and see which he runs to first– is that right?
Love your new avatar Linds! 🙂
Just bought 1k shares of CRTP @ 3.75
Booo Yaaa..
I bought a penny stock..
I accept that I am a brainless idiot!
HELLO! Cisco and Nikolai 100 proof all ’round TONIGHT baby! That’s the holy spirit givin me the winnin lotto plays I don’t need no IN TA NET. I can’t lose. Where dem hotdogs at?
This site and the country at large are now on Ralph Nader code red.
No matter where you bought FAZ this morning, you ended green.
This mortgage issue is being drastically underestimated. What do you think will happen when all those asbestos/pharma lawsuit commercials start advertising for mortgage owners? Does anyone really think theyre not filming those TV ad spots right now? Lawyers are about to send the XLF down like a bolt of lighting.
http://www.youtube.com/watch?v=qoINTDFosCY
Won’t then there be QE3 in that case? I mean, what QE does, is to help the banks unload their 1p stuff for a hefty dollar. Shall the banks be in trouble again, it will only make the case for QE stronger. And you know the consequences.
Were basically at zero percent rates now.
Here’s what happens when ben attempts to go below negative rates. Division of zero by zero has a very specific result.
http://www.youtube.com/watch?v=94yoRIQRHq4#t=1m44s
The Wrath of the Fly.
I just wonder if you picked this video because of the explosion scene, or due to the movie’s theme of bank-related fraud?
There’s plenty other tools in the toolbox of the bearded clam.
Get yourself a big set of chrome dubs with spinners Senior Tropicana!!!
Your bloggings are tight, spitting stock picks of might.
Now get out of my sight.
Shit. This seems like the good ol’ days again. Fly is depleting all traces of cash and is playing Chinese lotto driving his car made of dynamite into the sun.
Good times.
During the last run, did you move to Europe? I miss your picks.
traveled and played for six months
The Fly is the Hugh Despenser of the blog game.
Hugh PezDispenser? Hugh’s he?
I respected the PPT and sold a bunch of shit today. More on the blog later.
________
Ditto. Already out of short term emerging market allocations, and back into the egregious US Treasury of Geithner, in respect for the PPT.
Ditto. To the TZAmobile Robin.
BTW Jake. Missed you in Fairfax. ‘Mayberry on acid.”
Or is that Acai?
It’s certainly full of aging hippies. And man, you know what’s funniest? They are as crabby as any other old people.
So I threw some down opened manhole covers for sport.
Are you in Fairfax as well??
__________
What a “FREAKING NIGHTMARE”!!
Kicked back in the EZ chair…shut my eyes for…2 minutes…woke up with this song rattling around in my head…
http://www.youtube.com/watch?v=xqPoSJCHzbo
rah rah ooom ba baa….
AHHHHHHHHHHHHHHHHHHHHHH!!!!
SOMEBODY SHOOT ME
Rims for the PT Cruiser, nice; while you’re at it buy the chauffeur a new pair of boots.
Welcome back “The Fly”
don’t forget the Pirelli’s
A demonstration of Fly’s dart throwing skills
http://www.youtube.com/watch?v=emKDnzOdZM0
Enough of this QE2 bullshit.
QE3 is where its at.
Thirty Eighth!
For any of you that wanted to see Fly prior to his latest stock picks, I do have that video here for you:
http://www.youtube.com/watch?v=JNKcEv-CX5c
Send this to all of your clients at once…
http://www.nma.tv/2010/10/13/gold_mania_sweeps_markets/?ref=nf
Been following your blog for a few years now. I am pretty much a degenerate daytradeer that swings trades some too. At one point during the credit crisis meltdown of late 08 I had created a couple hundo thousand out of about 45K or so. While my gains have been stagnant to nothing since, I am hovering. I do not subscribe to the PPT. I subscribe to the balls to the wall Dan Zanger type trade. That being said you are funny, refreshing, rare and a market wizard. Thank you for your time blogging your thoughts. I must now go to attend to my 2.5 year old who is screaming for a chocobliss prize for finally shitting on the pottie.
Good times! 🙂
Sitting on my silver. Up over 47% in about one year. That’s much of my portfolio.
Such a care-free and obvious trade.