I am fresh out of loose leaf Earl Gray tea (tragedy), forcing me to try something from the orient of the chai varietal. I don’t like to deviate from routine and this really throws me for a loop. Mrs. Fly has in her possession over $500 worth of Teavana loose leaf tea, all flavoured with fruit. Even though Earl Gray is infused with bergamot oils (orange), it’s not really a fruity tea. In short, I like my tea like my portfolios: in the black.
With April fast approaching, one must consider the possibility that oil stocks can go up again. It’s been mind-boggling to see them suffer so greatly –with oil so high. It is the purest form of asshattery that market has ever known. In the oil and nat gas space, SWN, HP and WFT are on my radar. Also, if the market softens, CL is poised to do the $100 roll. Boy did Icahn play that one like a fucking senile old fucker, no?
Although pricing pressures persist in the glass substrate market, at some point, Asahi and Corning will get their acts together and start ripping people off again. Remember when SNDK was under $20, due to weak NAND prices, despite the popularity of the Ipod and Iphone? Well, as sure as I am sitting here, margins for GORILLA GLASS will improve and the shares will trade much higher. Should we get an Apple tv, shares will rebound immediately.
I own BID for the spring auctions. JWN is a trade, as well as MAS and TDC.
CPST is trading wrong. The company isn’t in such bad shape. I am convinced it will be 30-50% higher by year end.
YELP can trade down 15% from current levels without a problem. Or, money managers get the drift that YELP has no competition and is in a class of its own, bidding the stock up–fervently–until Facebook ipo’s. Either way, I foresee myself trading it for many months to come.
Should we trade down some more, I will take a 10% position in EXK. Both EXK and AG are cheap.
Finally, my only reservation about being a blind bull is China. It’s clear to me that something is off there, as evidenced by their struggling market and weakness in met coal prices. The weakness is met coal is causing a whole slew of industrial names to trade down, under a singular thesis: china is slowing. If China is slowing, then ANR will file for bankruptcy, alongside AKS. It’s tempting to buy BTU, TCK, MTW and WTI down here. But, if the market is really one big fucking pozi scheme waiting to implode, then those sectors (coal, steel, industrials) will get lambasted first and foremost.
The Samurai chai isn’t half bad, but not nearly as distinguished as my usual.
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Hight?
well played sir
Good post Senor Tropicanna
Throws me FOR a loop and PONZI scam. You’re welcome.
DISAGREE.
No thanks.
I wonder if an iTV could save Best Buy from the current death spiral.
BBY cannot be saved. Too much of their sq footage is dedicated to DVD’s, CD’s and games, all dying industries.
Totally agree….. fairly pissed at myself for missing this one. I took the time two years ago to upload every single CD I own onto my iTunes so I could free up some square footage in my house….. how did I not see the connection.
Lots of great insight there. Thank you.
At one point today I was down over $12,000.00, miniscule I know by Fly standards but by the end of the day I was all giddy and stuff because I had reduced my losses to less than $4000.00!
I also took advantage of the pullback and added to some of my positions during the day. I’m hoping that it turns out to be a good opportunity if the markets advance from here!
Grazie
You run a jolly good show, Sir Fly. Can I suggest adding a little milk to your cuppa…… Of course, the upper classes add the milk last while the commoners put the milk in the cup first….
Carry on…..
Mult.
I always add milk last
I read that the rarest and most expensive tea is of the Panda Droppings nature. That is frigging disgusting.
ChaiTeaLatte is not really tea but entirely decadent, like desert.
Senior Tropicana – Can we all share what we think are the next mega-trends? Remember NanoTech?
Microturbines? (CPST)
never weed lack in your underware, its like fuckin your wifes sister, it seems like a good idea at the time, but can be expensive and painfull, just a tip for u guys.
Was it CL or CLX that Icahn screwed up?
Clx
anybody know where Oolong tea comes from?
Google is your friend…
A good oolong is my favorite teau.(<IBC spelling)
But still, gimme Timothy's Italian roast in a K-cup any day of the week and twice on Sunday.
UNG NOW! little wadds. Do I have to spell it out?
BTW. That was Clorox Tea
fly – once again, a fabulous post. how do you clear your mind to write honestly and substantively three to five times a day? very impressive — hat’s off to you.
I am the BlogFather.
I derive from a long line of world famous writers.
Are you Hank Moody?
“Cream?”
“No thank you, I take it black, like my men.”
SNDK doesn’t have much more room to run IMO. MU looking strong the past couple days. The hard drive shortages due to the Taiwan floods are pushing businesses to SSD’s. The price/performance of enterprise drives makes SSD’s attractive, hence NAND will do well.
By the time spinning drives drop in price, SSD’s will be competitive enough to warrant a change in many appliances.
We’ll get a quick read on BID with the
spring Hong Kong auction starting tonight .
This trade has worked the last two years off
of these auction results .
Oh yeah , one more thing the public estimate
on this is $92 million , but anything less than $100 million will be troubling .
Corning Shares May Drop 25 Percent By Mid-Year
http://seekingalpha.com/article/467871-corning-shares-may-drop-25-percent-by-mid-year
Fly, what do you think of this guy’s article?
Fly, I’ve seen you make several references to the upcoming Apple TV, and its relation to Corning who would would likely manufacture the screens.
I contest that the iTV wont be a TV at all. Im thinking more like TiVo. Completely change the interface, add Siri, etc.
The top TV guys are making them so well and so cheap, I doubt AAPL wants any part of that. I think its going to be Apple TV, iPod, Siri and TiVo all rolled into one.
CRAAPL likes to design and build it’s own faggy hardware and then charge CRAAPL-cult chumps twice the going rate for it.
It’s in the business model, dammit!
_____________
I really like GLW for the long term. It’s a Cement Head pick for sure, like UPS, CMI, COP, MON, PEP, MO, etc.
However, I must object to all this tea palaver. Its ineffably gay, and a danger to the brand of Le Fly.
____________
Hear hear!
Agreud, or whatever. Tea is nice but gimme a cup of java anytime.
As my uncle Mel used to say when a waitress asked if he wanted cream. “I like my coffee just like my women, hot, black and strong.”
The reactions were always interesting to say the least.
What was with some of the steelmakers like CLF and AKS shooting upwards late afternoon yesterday?
Price of their coal going down?
Curious. Why would a TV need Gorilla Glass? Seems a bit over kill for a stationary object that won’t come into contact with say a set of keys in your pocket.