Full disclosure: I’ve been sleeping this whole time, purposely ignoring the market in order to rest. It’s a long story. In short, I’ve been living the “robot lifestyle” for too long and desperately needed a good 10 hours sleep. Now that I got it out of the way, I should be good for another 2 years.
It looks like the market is bouncing, sans WNR (naturally). Nevertheless, this is a good start. According to The PPT, just 73% of stocks are higher, which leaves room for further buying. Also, only 30% of large cap stocks are rated “buy” or higher. The recent carnage really messed up the technicals, something I intend to spit on daily. But I know that many of you lazy types, who avoid reading 10-q’s like the plague, enjoy it.
Right now I am focused on accumulating TNA, in order to capture the initial rally; that’s very important to me. Buying individual stocks is fantastic. However, as you can see by WNR today, sometimes they trade retarded. Buying a broad based ETF is a smart thing to do when you want to capture that initial move.
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Burst
Wurst.
______
Cursed!
wienerwurst
Reversed!
______
coerced!
unreimbursed!
William “Deadwood” Hearst
Bratwurst … hmmm, good!
FIRST!
Bensonhurst
Barbie Benson
Wow, a Barbie Benson reference. I take it you mean Barbi Benton. Don’t forget Adrienne Barbeau.
Hey it was a stretch, but what the hell.
BBB … Big Boobs Barbeau
You gotta love the enthusiasm! http://www.youtube.com/watch?v=h2NK-JazknE
nurse!
Fly, how do you combat staring at screens all day? What do you do to stay fit? I just read this and started to freak out…
http://sanfrancisco.cbslocal.com/2011/06/08/healthwatch-sitting-vs-smoking/
So I walked around outside and had a smoke….
somebody spoke and I went into a dream…..
Wise old pub crawler says, be careful with strange pussy or, beware the dead cat bounce.
going to bed at 4 am will do that….
ttmi
You got that right!
This is why I will be all over the “crystal meth IPO boom” , in 2014.
Two requests (even though I know the Fly doesn’t do requests). I call for a return of the “Owl” photo. And I’m always a fan of stories that are “developing” before the details are released 20 minutes later.
I’ve been calling for the return of Briefer.com for years.
Cooling my heels until IBD says “confirmed uptrend.” I like how they quickly acknowledged the bull trap on 6/2, after the 1 day confirmed uptrend. Has to be one of the shortest confirmed uptrends on record.
IBD is designed for ages 70 and above. That’s why its all about slow decisions, and gigantic easy to read lettering.
IBD actually stands for “Incontinent Biddy’s, dillydallying”
http://www.youtube.com/watch?v=ARXfQzfl9EQ
The old fuckers have the money…
Go WNR.
From now on I’m only buying stocks that sound like disgraced politicians.
I can’t find anything like palin…
Sarah Palin is HOT. I bought SCHW Arnold Schwarzenegger, CLIN, Clintons, OBAM Obama. Just going to sit back and watch the money roll in.
I have some real doubts about this rally even lasting through the day.
The NASDAQ heavyweights are really sucking wind- AAPL,QCOM,INTC,GOOG,MSFT,etc.
AAPL just went green…
be careful what u bitch for
How much IOC and IDCC does the V.King own? A lot….
all of it?
V.King,
You are amazing. I made a ton of $$$ on you LMLP and SIRI picks. Is there a way to find out what you like as a short term trade?
Thanks,
B
V. King.
Me thinks banda needs a different e mail address.
He looks like you.
However, a little self promotion never hurt.
It took me 5 minutes to upload the same image he uses.
hey mr. banda
why don’t you go fuck a bag of razor’s….
The V.King 1 of a kind
How can you even type that. It’s making me cringe and I use an electric razor!
Well that bounce was fun, legging in slowly to some new IWM putz and UUP calls.
I’ve been nailing this market lately and still I get voted down, what a joke.
Top Step is nailing it.
http://www.youtube.com/user/mrtopstepgroup#p/a/u/1/NkWAAe8K-ps
quadaffi takeing a stiff stance, could be good for drug company http://turtlebay.foreignpolicy.com/posts/2011/04/28/moammar_qaddafis_viagra_war
I went heavy long oil industries.
Everything except the refiners are moving. The market has no taste for refiners right now. If it doesn’t start acting right soon, watch out if the market turns bearish again.
I was pretty certain this was the cause of The Fly’s delays today.
http://news.nationalgeographic.com/news/2011/08/pictures/110608-tycho-brahe-spacecraft-rocket-homemade-science-space-pictures/?source=link_fb20110609homemadespacecraft
Cool!
I hold several oil refiners: WNR, ALJ, CVI and FTO in descending order. I know that this market is pretty hard to decipher on a day-to-day basis, but these stocks had pretty much been trading in line with each other, save for some bad individual news (the WNR lawsuit and the flooding in LA for ALJ). Today, ALJ is up 3%, CVI and FTO are up around 2% and WNR is treading water. Am I missing something, or am I finally being punished for random acts of barbaric violence?
I looked up a 3 month chart on WNR, reminder me of the trip we took to red rock canyon.
Keep buying WNR sheep. Look at those crack spreads, LMFAO!
I don’t get it
Me neither. crack spreads are up, that’s usually good for refiners. I googled “crack spreads” a few months back and read about that shit. Its good.
Did the Fly go back to sleep for another ten hours? Rip Van Winkle style?