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UPDATE: Boom!

by The Fly on April 30th, 2008 at 2:05 pm

(POT: 184.20 +4.35%) is not going to $300. Not in my lifetime.

The Fed statements were exactly what the market needed: a bunch of nothing.

On one hand, they sound less hawkish. On the other, they still have the door open for further rate cuts, thanks to the fucktards who operate our banks.

The market is having a very difficult time breaking through these levels. However, I do believe there is room for multiple expansion.

If you’re heavily short, you must hedge yourself with long bets.

If (BWLD: 36.30 -3.23%) can run, you have to believe there is room to the upside in retail names, like (JCG: 25.69 +2.84%), (AEO: 13.90 -1.56%) or (ZUMZ: 13.19 -0.68%).

With my money, I am looking to leg into some (PJC: 31.82 -0.53%) and (CTRP: 47.94 -2.16%).

In short, anticipate an explosion to the upside soon. On that rally, take some profits and go smoke a few cigars over a “rocks glass” of “rich mans whiskey.”

23 Responses to “UPDATE: Boom!”

  1. Ben Bernanke Says:

    what would you do
    if you could fuck wit me or my crew
    but you can’t
    so don’t even think about..
    steppin in tha muthafuckin’ house
    beeatch

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  2. Juice Says:

    1/4 & 1/4

    Q - how many bullets left in the gun?
    A - none

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  3. zephler Says:

    I wonder if JakeGint knows more than the Fed as well, maybe his brother took out a loan once that he re-paid in time, meaning that all of the subprime stuff is nonsense

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  4. Juice Says:

    The short FXP to zero trade, is still on.

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  5. Mushroomz Says:

    Inflationary pressures are subsiding they say?
    Perhaps bagels will once again be affordable.

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  6. ottnott Says:

    Based on the current bogus method of measuring inflation, they would be reporting “official” deflation if real-world inflation was low.

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  7. Steve Says:

    How many statements has the Fed made now expressing the opinion that “resource utilization will moderate”? I mean come the fuck on.

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  8. ottnott Says:

    Resource utilization is contained.

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  9. Big Mike Says:

    Wow…Wow…Wow..

    Pot is going to $400, Oil at $200.

    Im going to cover my ags short soon;

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  10. Ben Bradley Says:

    I have one word for you son - Fertilizer

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  11. Juice Says:

    Anyone know about ITRI ahead of earnings? I may take a flier on calls. They’re spanking it like they’re gonna miss by a country mile.

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  12. Q4 Says:

    Fly:

    I like HANS, but BWLD even betta! Sprinkled a few calls on BWLD when you mentioned a b/o the other day. Today, berry nice.

    Any thoughts on HANS earnings on May 7th?

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  13. Juice Says:

    POT may not be going to $300 but FXP’s next stop will be $50.

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  14. JakeGint Says:

    Zephler,

    You may rest “assured” that “JakeGint” knows far, far more than you.

    Back to the protest rally with you now.

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  15. gappingandyapping Says:

    Wonder what is happening to my BBD

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  16. JakeGint Says:

    Rut roh.

    Shat the showah time.

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  17. Woodshedder Says:

    Fly, your hubris has moved the market!

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  18. Big Mike Says:

    Hmmm…the FINANCIAL SHORT IS BACK ON!

    Watch that Frenchie Senor “McFly” buy SKF…

    LEH, XHB (housing etf), $ are getting whaaaccckkeeeedddd…!

    Those FOMC fuckers keep fucking shit up…Why can they say…No Comments…

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  19. POT Says:

    nice dip

    We’ll talk about that $300 when my 2010 estimates move up to $25 eps

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  20. MarketRaider Says:

    Thank God Fly was bullish, my shorts are finally making money.

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  21. Aris Says:

    i fucking hate POT so much. for that very reason it will probably go to $400 when the ceo announces that they’ve sold POT to mars for $8,000/ton.

    think i’m joking?

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  22. POT Says:

    I always wondered what that “nougat” stuff was made from.

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  23. TraderCaddy Says:

    Dollar coming back up.

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