[youtube:http://www.youtube.com/watch?v=UAn8lu3C9IE 450 300]Comments »
Well, there really isn’t much to say. Short term, the bears are in trouble, as short interest ratios remain at record levels—going into the best time of year to own stocks.
Should the Fed cut by 50bps, their (bears) heads will be laser beamed off. However, I fear, should the Fed get all gay and shit, via a 25bps cut, accompanied with more inflation jargon, the end of year rally may stall.
Without doubt, Santa Claus has saved “The Fly,” and many of you. Be thankful for this rally and milk it for as long as you can.
However, I suspect, within a month, the credit issues will reemerge, effectively setting aflame those who like “bottom fishing” in financial stocks.
Over the weekend, I will evaluate, stock by stock, to determine what stays and what goes.
It makes sense to lighten up here, buy a little FXP and drink expensive bourbon, while throwing firecrackers into the lit fireplace.
Top pick: RSComments »
I bought 1,000 MOO @ $53.73.
Disclaimer: If you buy MOO because of this post, the looming food shortage will leave you without yellow tail fish. And, you may lose money.Comments »
I sold 2,000 HANS @ $49.18.Comments »
“The Fly” is giving the internet investor class, however small it may be, a green light to buy MVIS.
According to my “calculator brain,” MVIS should “run” until the first week of January, starting yesterday.
It’s been awhile since I’ve felt this confident with the stock.
The risk/reward ratio is definitely in favor of MVIS longs here. I anticipate to book more stock, early next week.Comments »
This trading session is all but over.
The bears, once again, have been eviscerated, unable to mount a raid.
However, there is marked weakness in select financial names, like ACF, CFC and FMD.
Additionally, the MVIS rally has failed, once again, and is in danger of pissing off all of its shareholders—sometime today.
Instead of sitting at your bullshit desk from staples, go eat some deep fried potatoes, with a side order of doughnuts. There is nothing to see or do here, until next week.Comments »
[youtube:http://www.youtube.com/watch?v=XvussyHFJsk 450 300]Comments »
Some stocks are in a world of their own.
Look at GME.
Despite the weak consumer and rich valuation, the stock keeps going higher. Also, it is widely believed that gaming is resistant to economic slow downs.
Fund managers can’t get enough of the stock.
I can spit out a quick list of 52 week highs, but why bother?
Plus anyway, I’m too busy eating eggs with hashbrowns, than to go dig up meaningless data for a group of fucktards.
Just know, when stocks get “annointed” by wall street, they tend to bounce back faster than others, post market correction.
That’s why “The Fly” is not trying to get “cute” or “fancy” with his recent picks. He’s falling back on what has worked in the past, mainly because it’s the end of the year and nobody gives a shit about fundamentals.
It’s all about getting drunk, while throwing heavy hand tools at your trader/servant.
As for today’s trading:
Thus far it looks like we are setting up for a minor pullback, with chinese related names leading the way down. However, I would not sell short anything here. There is a better than average chance we will hit new highs, by year end.
Currently, there is weakness in many of the financials, with COF leading the pack of spastic retards.
For the most part, with the exception of AXP, the DOW looks solid.
Finally, looking for new ideas, I believe the internet advertising space is a good place to put money, ahead of the 2008 Presidential elections. As you know, there will be a “recockulous” amount of money spent on internet advertising, over the next 12 months.Without a doubt, both VCLK and OMTR will be in play.
NOTE: The MVIS CES run has begun.Comments »
|HANS Hansen Natural: Initiation Details (47.26Â )|
|As mentioned at 6:28 UBS initiated HANS with a Buy and a $58 tgt saying in spite of explosive growth in the last two years,Â they believe HANS can continue to grow through a combination of category growth, share gains and international expansion.Â The firmÂ ests the combination of these three prongs should deliver 20.0% and 27.6% revenue and EPS CAGR respectively through 2010. Despite this growth, firm notesÂ HANS shares are trading at approx 18xÂ their 09 est EPS.|
Its been awhile since I’ve issued one of these trophies, mainly due to a “severe trophy shortage” in rich parts of southern Manhattan.
Basically, I’ve wanted to give Rick an “asshat trophy” for many weeks now. He’s been unbearably bearish, talking his book non-stop. Plus, he’s in dire need of corrective dental work.
But, that’s not why he’s getting this fucking trophy.
The reason why I’m overnighting Rick this award is due to some blog rumor, which stated Rick had made reference, on CNBC, to “Chinese blogs” being upset over something rather opaque. Who knows?
Considering China’s “free speech policy,” the whole Chinese blog argument holds zero water in the “non-crazy person world.” In other words, Rick believes the shit that is written in the “Weekly World News.”
Now, you (internet leech) must be thinking: “hey, this guy Fly makes a rather specious argument for this award,” considering thousands of people have been abducted by space invaders— who also believe the shit that is written on suspect/opaque Chinese blogs.
My answer to you, as always, is: “naturally, go fuck yourself, in the middle of an opium field, somewhere north of Kochiano.”
In short, Mr. “bear-bond bitch” Santelli deserves this award, ahead of tomorrows job numbers, with all of its glorious trimmings of asshattery.Comments »