This rally is really fizzing out here, with just 62% of stocks in The PPT universe up. It’s also worth noting, we are, once again, at extreme overbought conditions. However, don’t let that get you down. There is plenty of shit that can go higher in a weak market, like oil and refiners. Hell, for my personal account, I sold out of DAL and added to my WNR. I wanted to make it longer. Going into merger Monday, it’s always a smart idea to be long acquisition targets, like WNR.
At any rate, it’s not the end of the world if we totally wash out here. Life is good. Go eat some snails and wash it down with some sparkling wine.
It’s Friday. Quit micro-managing your fucking 4 figure accounts.
Top picks: WNR, WFT, MWW, OXY
NOTE: The March Madness contest is boiling down to “The Final Four.” Remember, the winner will receive $1,000 from me, no strings attached.
Yes I like my long WNR.
Who’s the asshole who burned a copy of the Qur’an in Florida? A couple of Americans were just beheaded in Afghanistan!
Better question: Who are the assholes beheading Americans in Afghanistan?
If we were not over there (for no good fuckin’ reason except cocaine supply
for our CIA, and enrichment of our War Contractors), we wouldn’t have our
boys over there being BEHEADED now, would we?
Fly, target on $WNR ?
UP. WAY UP.
5 figures, dammit!
Get it right.
With your winnings you should buy a black stagecoach with tint and have it pulled by black horses wearing top hats, or the unemployed (no top hats). Low watermark money managers will clamor with fear when they hear the “horses of fate and liquidation” as you descend down Wall Street. You can strike your cane against the filthy cement with the fury of Zeus almighty to scatter the wassailing rif-raf at the gates of the theater.
Awesome.
And later that night you drink the antidote and go back to being kindly Dr. Jekyll.
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FIG
Gosh, After todays action I am turning Bullish and buying the Commodities/Materials and shorting the Dollar….
Must be April Fools joke.
lol…yes…
Uh oh. When bears turn bullish, that’s supposed to be bearish.
But then Ben and his helicopter are keeping everything bullish no matter what. The world is awash in liquidity. And the Bank of Japan is doing their part too, printing yen like mad. Oceans of currency all over the world, and not enough stocks and commods to buy with it, LOL.
A fine synopsis. But the question is: What will the oceans of currency inundate? Where are the flows headed?
Why won’t they let some trickle down to the working class, via JOBS,
so that we can get our demand-based economy moving?
Because the working class does not own the government. Too Big to Fail Banks do.
Hopefully your earnings from $WNR can afford you a Cayenne Turbo. Not one of those sub-par non-turbo ones I see so many Long Island moms driving around.
Non turbo having pikers. as if. pfffffffff
Turbos blow.
This time I will make gentlemanly profits in the BORN rise and not see it flared away like so much baked Alaska.
It’s back to about where I bought it. I think I’ll sell it at $13 within 2 weeks.
23 more trading days until WNR earnings. This weeks volume 95% of norm with 25% short of float. Shorts face blowout earnings plus positive guidance while the stock is trading near 2 year highs. When is next short interest published? Most of the shorts have to already be underwater here…..yes? WNR was a $65 stock in 2007.
See the CAD/USD ratio lately? You can make losing trades and still win if you’re trading Canadian stocks in Canadian dollars.
Maybe I’ll go put a deposit on the Tesla model s. By the time I get it in 2012, my currency should knock about $10k off the price tag for me (given relative debt-loads and export/import stats of our respective governments). It is about as fast as a Cayenne Turbo (under 5 seconds zero to hero), costs half as much, but seats 7, with more room for lugging around hockey bags etc. as it has an extra “trunk” where the engine would normally be.
Plus, I’m the type of nerd who likes companies that push the technology envelope.
http://www.teslamotors.com/models
Being a bit Loonie (slang for Canadian dollar), lol. Be Careful. Today, the US Dollar did hold on to yesterdays levels even after a smack down by NY Fed Dillard. Monday Ben B gets his shot to try and keep his Put alive….Yet, this next week coming we have the RBA (Royal Bank of Australia), BoE (Bank of England) and ECB (european central Bank) all coming out with rates….if RBA is dovish like many think it will be with China slowing and the Carry Trade killing everything that is not miners,then this STUPID STUPID 29 YEAR high of their Dollar will Die a horrible death, lol, and take the Loonie with it as it pulls back. Also ECB has everyone thinking they will rise be 50 basis points with ubber hawk talk, they normally are all talk and no action, so this can blow up really ease if they are not Ubber Hawkish also, which will hurt the risk on trade too.
lol, so many typos..easy, etc…and a slaughter of the english language. I really should take time to proof before I post, oh well.
29 year high of whose dollar? Are you referring to the Loonie? If so, I think you mean 3 or 4 year high. Canada’s economy IS oil, natty, & metals… and the Loonie has less debt directly tied to it. If the USD loses 50% value in the next few years, CAD should only lose maybe 20%. That’s a 30% gain depending on how you look at it. Of course real money (corn) wouldn’t lose.
love all the WNR chearleaders… oh by the way they never heard of WNR until fly mentioned it… lots of really smart traders who follow the leader
dude what do you have against winning?
The FTK cheerleaders back in Nov 10 had something great to cheer about too. Gonna hate on them too?
Noting the short-livedness of his latest “corn-backed” dollar policy, Chairman Bernanke announced an even stronger commodity based backing for his falling dollar!
All is well, as the guarded repository will be freshly located next to Sylvia’s on 125th Street.
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Check this guy out, the Reformed Broker really likes his stuff. Seems like a mad scientist.
http://www.marketanthropology.com
good…but doesn’t have the wealth of factors./elements/considerations in his analysis ala Sorros that he needs yet for his analysis……also he is Not a Mad Scientist at all, but that is coming from an insane person,lol…..thank you for the link.
Challenging fellow to be sure. His site photos remind me of an era when my father was a ‘runner’ on Wall Street.