Look at that SVVC run. The closed end fund owns a piece of Facebook and Yelp and has risen from the dead, with GSVC, thanks to the hype. It should be sold, 1,000 ways till Sunday. Facebook is just 5% of the fund and has little bearing on it, if any at all.
Luckily, I sold out of SFLY right near the highs of the day. The company missed the quarter and generally sucks dick. Instead of staring at the “gift horse” waiting for him to run low on carrots, I took my money and left the stable–nose intact. With some of the proceeds, I bought 300,000 shares of CPST. It’s a speculative earnings play and will satisfy my thirst for adventure, while wallowing here in an amazing 77% cash position.
The refiners are steaming ahead, thanks to crack spreads all but recovering their losses from that idiotic announcement of “pipeline reversals” several months ago. As a matter of fact, the pipeline hasn’t been reversed and it won’t matter when it happens. Gasoline supply is tight and companies like HFC, WNR, DK, MPC and ALJ stand to benefit. I regret not being in the refiners and will buy them aggressively, should they be so kind as to pull back a little.
Other than that, I am here, twiddling my thumbs, plotting to exact deadly strikes with my orbital space cannon (beta). I am shooting out emails and generally unemployed, as I have little to do and no one to report to. With my spare time, I might learn a new language, like chinese, just so that I can talk shit about my neighbors when dining at the local chinese restaurant–conversing with “Joe” the cantonese waiter from hell. He doesn’t like anyone, rightfully so.
At any rate, just know, I intend to buy up your future margin liquidations. You don’t see the seams on the ball spinning, but I do. This is a curve and you’re sitting on dead red. In about two weeks time, all of your annual gains, AND MORE, will be washed away, like intelligence from 0hio. When it happens, I will be there to catch your fall, through the explicit and direct purchases of your forced liquidations.
http://www.youtube.com/watch?v=f1IQicmIiXM
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Loving my ZNGA buy. Loving it
nice
FLY, Remember I was asking you about this one the other day…
GMXR up 29%
Back above the the critical 1.15 level
Up 46% today …. See RC’s blog for an Operational update I posted there.
$1.37 now!
Ok make that 61% to bad FLY missed out on this one.
I’m showing 67% but who’s counting .. Hahaha
TD Ameritrade released their investor survey of those with accounts >$10K .
13% Bullish
49% Nuetral
38% Bearish
They allow accounts with less than $10,000? How quaint.
Yes, the accounts that started with $20k and are now $10k.
The world is going crazy….who are the crazy people loading up on this social media stuff???
dreamers
The world is not going crazy.
People are not crazy.
We are in a new bull market and FB is just a reflection of the healthy economy.
SPX at 1600 by Nov.
Sock puppet propaganda? And when the USD collapses, where will you have gone to, I wonder?
This stock market and our currency is now fully operational to reach new highs. Soon you will know why you are afraid of the night, soon you will know why you fear the night.
USD collapse? Highly unlikely.
Actually it’s a foregone conclusion. All fiat currencies eventually reach their intrinsic value, i.e, zero! Keep in mind we have only had a purely fiat currency since 1971 which is a relatively short time frame. It took many years of slow gradual conditioning for the monied interest to trick the masses into accepting non redeemable paper as a legitimate medium of exchange. There are numerous examples of this throughout history and it never ends well.
Bay Area is giddy like a gaggle of pre-teen future drag queens on the Facebook IPO filing. Realtors are polishing up their bullshit dispensers with Aquafresh, idiots are getting ready to line the VCs’ pockets by buying after the first day pop. No concern for Portugal can dampen the party mood here. Won’t they be surprised when FB never grows into its 100x P/E. Won’t they be surprised when Europe burns.
Following the Google IPO Ferrari/Porsche/BMW etc. set up make-shift dealerships in empty parking lots
“It should be sold, 1,000 ways till Sunday. Facebook is just 5% of the fund and has little bearing on it, if any at all.”
Is this your recommendation for GSVC as well? Or only SVVC?
sfly looks like it is going to rip bears face of…
Sold my GSVC. Nice.
The Rome clip sounds like the script must have been written by The Fly. “you shall limit yourselves to your traditional liberties and misdeeds…the spoils are rightfully mine…” etc.
since you have some time on your hands, now would be ideal to check with Vector Vest again, regarding your next move
The Honey Badger saw it’s shadow! Six more weeks of…
Missed the bottom in ANR yesterday by 25 cents … Winning!
Fly,
Why do you allow your bloggers to post news articles direct from mainstream news when the mainstream news is documented as manipulative propaganda? Don’t you have any sort of filter to determine what’s actually news?
1. Time Warner Inc.
2. Walt Disney Company
3. Viacom Inc.
4. News Corporation
5. CBS Corporation
6. Cox Enterprises
7. NBC Universal
8. Gannett Company, Inc.
9. Clear Channel Communications Inc.
10. Advance Publications, Inc.
11. Tribune Company
12. McGraw-Hill Companies
13. Hearst Corporation
14. Washington Post Company
15. The New York Times Company
16. E.W. Scripps Co.
17. McClatchy Company
18. Thomson Corporation
19. Freedom Communications, Inc.
20. A&E Television Networks
This is a list of the top 20 media companies. All but two of the above, #18 and #19, are members of the Council on Foreign Relations (CFR). The CFR is a private thinktank organized by central banking interests.
The Media (from the “True Story of the Bilderberg Group,” by independent investigative journalist Daniel Estulin)
Past media invitees included Katharine Graham, now deceased, owner and chairwoman of the executive committee of the Washington Post; Donald E. Graham, Publisher, the Washington Post; Jim Hoagland and Charles Krauthammer, both columnists for the Washington Post; Andrew Knight, News Corporation director of Knight-Ridder; Arthur Sulzberger, New York Times editor and Council on Foreign Relations member; Robert L. Bartley, vice president of the Wall Street Journal and ‘member of both the Council on Foreign Relations and the Trilateral Commission; Mortimer B. Zuckerman, chairman and editor-in-chief of US. News and World Report, New York’s Daily News, and Atlantic Monthly, also a Council on Foreign Relations member; William F. Buckley, jr., editor-in-chief of the National Review, Thomas L. Friedman, New York Times columnist; Bill Moyers, executive director of Public Affairs TV and former Director of the Council on Foreign Relations. A more extensive list is provided in an endnote.
The ideas and policies that come out of the Bilderberg annual meetings are used to generate news in the leading periodicals and news groups of the world. The point is to make the prevalent opinions of the Bilderbergers so appealing that they become public policy and to pressure world leaders into submitting to the “needs of the Masters of the Universe.” The “free world press” is completely at the mercy of the Bilderbergers disseminating the agreed-upon propaganda.
What is most disturbing is that publicly traded corporations try to keep the Bilderberger guest-list a secret, and the corporate press scarcely reports on the event at all. The likes of Microsoft, AT&T, Bechtel, Cisco, Compaq and Price Waterhouse Coopers have nothing to fear from the press. Never mind that Microsoft and NBC co-own MSNBC cable network. In fact, among the frequently invited Bilderberg guests can be found the name of Anthony Ridder of Knight-Ridder, Inc., America’s second-largest newspaper chain, which owns such publications as the Detroit Free Press, the Miami Herald and the Philadelphia Inquirer.
In the 1993 August/September edition, the prestigious Dutch magazine Exposure outlined disturbing details about how the Tavistock Institute for Behavioural Analysis, premier behavioural research center in the world, planned to control the boards of the three major and most prestigious television networks in the United States: NBC, CBS and ABC. All three television networks came as spin-offs from the Radio Corporation of America (RCA). These organizations and institutions that theoretically are in “competition” with each other – this is part of the “independence” that ensures Americans enjoy unbiased news – are in fact closely interfaced and interlocked with countless companies and banks, making it an almost impossible task to untangle them.
According to then-U.S. Representative Bernie Sanders, NBC’s owner General Electric is “one of the largest corporations in the world -and one with a long history of anti-union activity. GE, a major contributor to the Republican Party, has substantial financial interests in weapons manufacturing, finance, nuclear power and many other industries. Former CEO Jack Welch was one of the leaders in shutting down American plants and moving them to low-wage countries like China and Mexico.”
NBC is a subsidiary of RCA, a media conglomerate. On RCA’s board sits Thornton Bradshaw, president of Atlantic Richfield Oil, and member of the World Wildlife Fund, the Club of Rome, the Aspen Institute for Humanistic Studies, and the Council on Foreign Relations. Bradshaw is also chairman of NBC.
RCA’s most legendary role, however, was the service it provided to British Intelligence during World War II. Of particular note: RCA’s President David Sarnoff moved to London at the same time Sir William Stephenson (of Intrepid fame) moved into the RCA building in New York. During the war, Sarnoff was Eisenhower’s top communications expert, overseeing the construction of a radio transmitter that was powerful enough to reach all of the allied forces in Europe. He campaigned for, and received, the honorary title of Brigadier General, and thereafter preferred to be known as “General Sarnoff.” Today, the RCA directorate is made up of British-American establishment figures that belong to other organizations such as the CFR, NATO, the Club of Rome, the Trilateral Commission, Bilderbergers, Round Table, etc.
Among the NBC directors named in the Exposure article were John Brademas (CFR, TC, Bilderberg), a director of the Rockefeller Foundation; Peter G. Peterson (CFR), a former head of Kuhn, Loeb & Co. (Rothschild), and a former U.S. Secretary of Commerce; Robert Cizik, chairman of RCA and of First City Bancorp, which was identified in Congressional testimony as a Rothschild bank; Thomas 0. Paine, president of Northrup Co. (the big defense contractor) and director of the Institute of Strategic Studies in London; Donald Smiley, a director of two Morgan Companies, Metropolitan Life and U.S. Steel; and the above-mentioned Thornton Bradshaw, chairman of RCA, director of the Rockefeller Brothers Fund, Atlantic Richfield, and the Aspen Institute for Humanistic Studies (both of the latter headed by a Bilderberger, Robert 0. Anderson). Clearly the NBC board is considerably influenced by the Rockefeller-Rothschild-Morgan troika, leading exponents of the New World Order initiative.
ABC is owned by the Disney Corporation, “which produces toys and products in developing countries where they provide their workers with atrocious wages and working conditions. It has 153 TV stations. Chase Manhattan Bank controls 6.7% of ABC’s stock – enough to give it a controlling interest. Chase, through its trust department, controls 14% of CBS and 4.5% of RCA. Instead of three competing television networks called NBC, CBS, and ABC, what we really have is the Rockefeller Broadcasting Company, the Rockefeller Broadcasting System, and the Rockefeller Broadcasting Consortium.
On the ABC board of directors is Ray Adam, director of J.P. Morgan, Metropolitan Life (Morgan), and Morgan Guaranty Trust; Frank Cary, chairman of IBM, and director of J.P. Morgan and the Morgan Guaranty Trust; Donald C. Cook (CFR, Bilderberg), general partner of Lazard Freres banking house, whose executives frequently attend Bilderberg meetings; John T. Connor (CFR) of the Kuhn, Loeb (Rothschild) law firm, Gravath, Swaine and Moore, former Secretary of the Navy, U.S. Secretary of Commerce, director of the Chase Manhattan Bank (Rockefeller/ Rothschild), General Motors, and chairman of the J. Henry Schroder Bank; Thomas M. Macioce, director of Manufacturers Hanover Trust (Rothschild); George Jenkins, chairman of Metropolitan Life (Morgan) and Citibank (Rothschild connections); Martinj. Schwab, director of Manufacturers Hanover (Rothschild); Alan Greenspan (CFR, Trilateral Commission, Bilderberg), chairman of the Federal Reserve Board, director of J.P. Morgan, Morgan Guaranty Trust, Hoover Institute, Time magazine, and General Foods; Ulric Haynes,Jr., director of the Ford Foundation and Marine Midland Bank.
Isn’t it strange how the same Rockefeller-Rothschild-Morgan characters on the board of the ABC network, which, we are told, is independent of NBC, appear to represent the competition? ABC was taken over by Cities Communications, whose most prominent director is Robert Roosa (CFR, Bilderberg), senior partner of Brown Brothers Harriman, which has close ties with the Bank of England. Roosa and David Rockefeller are credited with selecting Paul Volcker to chair the Federal Reserve Board.
CBS is owned by Viacom, which has over 200 TV and 255 radio affiliates nationwide. This huge media conglomerate owns, among other companies, MTV, Showtime, Nickelodeon, VH1, TNN, CMT, 39 broadcast television stations, 184 radio stations, Paramount Pictures and Blockbuster Inc. As an American intelligence officer, CBS founder William Paley was trained in mass brainwashing techniques during World War II at the Tavistock Institute in England.
The financial expansion of CBS was supervised for a long time by Brown Brothers Harriman and its senior partner, Prescott Bush (father and grandfather to Presidents), who was a CBS director. The CBS board included Chairman Paley, for whom Prescott Bush personally organized the money to buy the company; Harold Brown (CFR), executive director of the Trilateral Commission, and former Secretary of the Air Force and of Defense of the U.S.; Roswell Gilpatric (CFR, Bilderberg), from the Kuhn, Loeb (Rothschild) law firm, Cravath, Swaine, and Moore, and former director of the Federal Reserve Bank of New York; Henry B. Schnacht, director of the Chase Manhattan Bank (Rockefeller/Rothschild), the Council on Foreign Relations, Brookings
Institution, and Committee for Economic Development; Michel C. Bergerac, chairman of Revlon, and director of Manufacturers Hanover Bank (Rothschild); James D. Wolfensohn (CFR, Trilateral Commission, Bilderberg), former head of J. Henry Schroder Bank, who has close links with the Rothschilds and the Rockefellers, and who in 1995 was successfully nominated to head the World Bank by Bill Clinton; Franklin A. Thomas (CFR), head of the Rockefeller-controlled Ford Foundation; Newton D. Minow (CFR), director of the Rand Corporation and, among many others, the Ditchley Foundation, which is closely linked with the Tavistock Institute in London and the Bilderberg Group. The former president of CBS was Dr. Frank Stanton (CFR), who is also a trustee of the Rockefeller Foundation and Carnegie Institution. So, are the Rothschild and the Rockefeller families, who are leading groups in the tightly controlled field of communications, answering directly to the Bilderbergers?
FOX News Channel, part of the FOX network, is owned by Rupert Murdoch, who owns a significant portion of the world’s media. His network has close ties to the Republican Party and among his “fair and balanced” commentators is Newt Gingrich, former GOP Republican House speaker. Murdoch, needless to say, is a luminary in the secret Bilderberg Group. He has most recently added the Wall Street Journal to his empire.
All these networks are closely interlocked with Bilderberg, the Council on Foreign Relations and the Trilateral Commission. How, then, can it possibly be claimed that the majority of Americans get their news from independent sources?
If you have to rely on information outside of yourself to derive meaning onto what’s going on around you, what difference does it make if it comes from the CFR, or Joe Blow who repeats whatever it is that the CFR says, or Tinfoil bob who opposes everything automatically if it comes from the CFR?
Do you think a flock of geese with their bird brains has enough information in its head to rely on its memory to migrate across the world? Do you think a butterfly migrates based on outside information? Or is it intuitive instinct, and deriving meaning from inside itself.
If you derive meaning from outside information and memorize it, you are just as insane as the CFR and anyone else who runs the world, and if you were put in the same situation, you would probably behave the same way.
You seem to suggest that propaganda has no impact on people’s thoughts and actions. History has proven you wrong many times over.
That you seem to believe the CFR is a worthy institution kind of says it all, doesn’t it? You are a living example, to prove my point.
CFR is pro-communist. Communism has murdered about 64 million people in the last century.
That you believe communism is “good” when it has a long history of being a direct cause of human suffering suggests the propaganda has done its work on you.
So shut it off already.
yea,then wait till the real silent majority comes out and hangs the real puppet masters by every lamp post including the puppets.the real working man is sick and tired of everyones’ bullshit.
Agreed. If watching mainstream news is so informational and helpful to our trades, what the fuck are we doing reading this web site? I can visit CNN, MSNBC, or FOX’s site just as easily.
I just wanna know when CNBC is going to get rid of the dead wood around there…Cramer, Kernan, Bartiroma,Insana, Pisani, Santelli…they all blow.
I’ll say it again (this time without sarcasm)…thanks for the call on GMXR
Could be more juice left … did you see this?
http://ibankcoin.com/rcblog/2012/02/02/we-all-await-the-highly-anticipated-sell-off/#comment-60191
Sold LCC for 50%+ gain … Thnx Fly!!!
SVVC about to pop and second …
Sold GSVC @ $18.50 for a nice gain as well … Thnx again Fly!
“any” = A Game
This article explains why crack spreads are blowing out again.
http://business.financialpost.com/2012/01/31/get-ready-for-a-big-cushing-stock-build-this-spring/
Speaking of FB, does anyone care whether they are allocated A or B shares?
Another question. Why is S of T Geithner always, as in perpetually scowling? What an unpleasant character to appear in public, even representing a decaying admin.
why wish ill will on your readership?