Tech.
One after another, tech stocks are being dismantled like those bastards were selling coal from atop solar panels. The carnage in ADTN today is just the tip of the iceberg. According to my tech index inside of The PPT, tech stocks are now at 6 month lows. No other sector is suffering this much. The oddity of this decline, frankly, is the pristine nature of the balance sheets in the industry. Yet, fucktards are trading out of these stocks as if this was the dot com bubble again.
To put it bluntly, part of the reason why I sold out of YELP was due to the overall distressed nature of the tech space. Look at GRPN, ZNGA and P, for the love of God, their dicks have been sliced off–clean. The cynic in me thinks this sort of trading action portends a horrendous press release. But the reality is much more simplistic and carnal: short sellers have small heads and even smaller brains. They’re just shorting, blindly, because they all want the fame of nailing a bubble.
Fortune has never been important to short sellers. They are sociopaths, megalomaniacs, only interested in sitting at lobster dinners (stuffed with bologna) with fucked-faced people, like The Great Roubini and Hugh Hendry. They are sick, perverted, people, deserving of permanent imprisonment.
In short, with tech being swallowed whole like this (no RW Pelican), I prefer to buy that blood than fuck around with asshole commodity stocks, who are subject to all sorts of homosexual, and “worldly”, events.
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No one likes the guy who comes in and bets the “no pass” line at the craps table. GTFOH!
best bet in the house, other than laying down the max bet on red or black, it’s the only gambling I do.
I guess no one likes you then.
Single deck 21 can be profitable IF you’re disciplined.
or max table bet one hand 😉
i like the dont come …especially ..at 5x odds ..
now can i get some doom and gloom up in here
Commodity first!
agreed. aapl. here. simple.
Nibbled a 1/4 position on $FIO into the close. OCZ tanked after their earnings and $FIO closed down less than 2% today. Definitely going to dump whatever shares I have right before earnings but I’ve seen $FIO run a little bit into earnings in the past.
fio is an earnings miss
Of that I have no doubt. With their cisco, facebook, and appple business they just might be good for a rumor run before earnings. After all, it’s only a quarter position and if the shit hits the fan it’s barely an itch in the portfolio.
@slim it might be, but I have many times seen this type of better get sent back to his hotel room quick. To each his own.
Seeing as I own the largest non-gaming hotel on the coast, that never happens to me, and I’ve clearly defined the risk of that 😉
100 proof post Monsieur.
Juniper, Acme Packet, Riverbed, Checkpoint – all jumped in the pool with ADTN…
Good charts gone bad
@slim comp me a room. Do you have a nice pool area? Non-gaming is not a problem unless it’s less than 3 stars.
@Slim in my experience, I would say it goes 50/50. So your that guy mumbling “seven out” when I’m rolling, fucker.
There’s an element of irony in craps.
One thinks it’s “team” effort, but in reality the House just keeps accepting chips in waives, while one thrower, effectively, walks away with another “looser’s” cash.
It’s true, watch more Mr. Cig. It can be fascinating to observe in addition to the thrill of the game.
waves
Sur Platonic exactly, but no Chainsmoke, I never say much of anything at the table. I am but a quite observer and sometimes chip collector. Spending time with Casino owners/managers changes the way you look at human behavior. Like being able to watch day-traders chase losses. I have no reason to offend anyone. Just killing time in a tower of broken dreams.
Cheers!
Never chase, you always lose. This relates to all things in life.
Fuck your haus.
Copper through your arterial valve you peice of scum.
No one said anything about the house. Of course, they win. I was just saying the no pass line bet is just lame. Again, to each his own. I usually spend less than half hour on the floor as I’m a max bet one or two hands kind of guy. No need to grind it out.
To HOBOma’s death panels with such ignorant commentary.
No mercy.
Die fucker.
Your mom; to the MILF Hunter.
Good fuck your pupil luck.
BofA says QE3 coming in September when the Fed meets again. If it happens (still a big if, imho) we’ll see whether the effects last longer than 1 week unlike the ECB pop on 6/29.
http://www.businessinsider.com/bofa-qe3-september-fomc-2012-7
they have been duly noted and tabbed as being somewhat misleading in the past ..i wouldnt read to much into that ..but thats me
their ability to cover dogshit social startups with no revenues is un-matched.
thoughts on ARMH?
ARMH had their day to take over the world… and fucked up. Like RIMM
Seasonality?
The last old man sector to blow the fuck up into coal reality is tech. Tech is a scam. Without the free banker money 90% of tech companies are worthless. It was a great idea but now everyone in the third world has a fucking cellphone. Next!
The same could be said of BIO’s soon. Still some PUDUFA date runnups for those that follow, but danger everywhere indued.
I am a sicko. I freely admit this. T-bills get my juices flowing. Indeud
Place your bets – what is 0bama’s October surprise?
2% mortgage rate – all points paid
Food stamps for everyone over 65
Student loans forgiven
QE3
and if anyone can show some type of proof oof residence….Ceetyzensheep beetches!!
he will be replacing the statue of liberty with a statue of aunt jamima
Looking for the “like” button. ^
Pancakes for everyone!!!
Stepping aside?
Palo Alto Networks IPO tomorrow. Their product is very good, if not the best in their domain.
hype. expect the ole gap and crap special.
Could be overpriced, but trust me, their firewall is the leader that everyone is trying to chase.
I’m still liking Yelp Fly
I wish you weren’t. And I follow you on twitter, so I’m not being a dick. I actually like you $p thesis, but social is dead as dogshit.
not a bad spot to try a YELP long after today, stop under 50 day MA. Easy to manage.
All of my positions are updated and maintained real time inside The PPT.
To answer one of your questions: I sold CMI last week north of $95, posted here and in PPT.
For me and this bubble thing, I have been watching it form since early 2009 which I blogged at Rev Shark’s blog, “hey this is a bubble, a Shanghai Copper Bubble”. Instead of investing and riding the bubble, I thought everyone would see it and the bubble would pop. At the time I didn’t understand that it came from the China Govt and the other Govts flooding the world with cash. All I knew was that actually supply didn’t match demand. Because I am clueless, I decided to take a short position and wait to see and when it would pop. Well, 2012..I have learned about FX, Bonds..and Central Bank/Macro Analysis…it seems that the Clams are played out, but They always seem to surprise me with something when I think they are dead..us Short Sellers are not that bad, we work really hard trying to figure this all out…the nice part, next bubble, I will have the understanding to finally go long and go back to stockpicking which I really love to do.
How about that auction today? Record yield 1.459 10-year Bid to cover 3.61
Wonder what Santelli gave it. All you goldbuggers. Hint hint: Deflation
Plus, We get rate cuts out of Korea and Brazil tonight and up with a Eur/USD at 1.2219(ouch)…
Markets coming down again today….Dr. Fly and Daddy Clock didn’t get any cake today in the form of a hint of QE3. 🙁
FREE HUGH HENDRY!!!
I would like to add, I will reduce my exposure to equities before the America’s middle invasion this (like RIGHTS NOW) fall.
Yes.
Despite my seeming hardship, will wait long and strong on my PM positions before said invasion as “craziness” enriches those cool, calm and collected.
UP DAY!!!
CHK it out..While I PWAV this gay market goodbye…
slv, not such a super value.
Look at some of the yields on these REIT’s….Juicy!
Top REITS for you Mr. Vking from my special stash, all heavily vetted:
MITT (no romney) LTC, WPC, NHI, MAIN, WSR ,AGNC, MTGE, MNR
enjoy!
The V.King thanks you Sir Sack…