Bulls Stomp Bearsby The Fly on May 6th, 2008 at 1:03 pm |
Without a doubt, BEAS is hacking the vote and will be dealt with accordingly. It is too coincidental that his vote count stays at 31%. As far as I’m concerned, Alpha is in the lead.
After (FNM: 6.42 0.00%) posted a bowser of a number, the market looked set for a pullback. However, after a few lines of Columbian cocaine, the market reversed and the bulls were back to mud-stomping the bears.
Early this morning, I pared down my (SKF: 118.90 0.00%) trading position and bought some more (FMCN: 27.84 0.00%) and (NVDA: 11.50 0.00%).
We live in bazaaro land. Enjoy.
Oil is out of control to the upside. With my money, I like (RIG: 120.99 0.00%).
Also, I added a new name today, (BAP: 69.92 0.00%).
BAP is a financial institution in Peru. Basically, it is a play on the burgeoning cocaine trade.
Finally, I must say, the refiners are dead. Fuck them and the stupid horses they rode in on.
Noone else is saying it so i will. The markets will never be down again.
There, now that thats out of the way back to buying…
May 6th, 2008 at 1:13 pmGoldman Sachs said bad stuff on NVDA today. Saw it on notablecalls.com. I posted it on Ragin’s blog this morning, but it never showed up :/
May 6th, 2008 at 1:15 pmHaven’t you heard? The coca farms are being plowed under to plant the soybeans that have been booted out of their former fields by the corn planted to feed people who were cut off from their food supply by the farm subsidies disguised as ethanol subsidies that result in the production of fuel that gives you crappy mileage in return for your contribution to high food prices and the destruction of forested areas.
May 6th, 2008 at 1:21 pmI hear that Jimmah Carter and his elections monitors are heading to NYC to watch this election for fraud. Jimmah Carter, as we know, likes to monitor the electoral process involving dictators and authoritarian types like Hamas, Hugo Chavez and now iBankCoin.
May 6th, 2008 at 1:21 pmMein Gott, that would make a great photo….!!!
May 6th, 2008 at 1:30 pmDear Leader Fly is loved by all his people, and we welcome his necessary corrections of our ungoodthink.
Brother TraderCaddy will now report for corrective instruction.
May 6th, 2008 at 1:32 pmI will be buying the refiners, in size.
May 6th, 2008 at 1:35 pmHmmm… the “anti-Fly.”
I believe I shall call you ….
“Walk.”
…
May 6th, 2008 at 1:43 pmI guess I’m going to follow Rick Santelli’s advice: “FOLLOW THE MONEY!”
Look at Natty (UNG), you cannot find a better looking chart.
Since Goldman Sach’s is predicting oil at $200 in a year, you can’t go wrong with natty. Boone Pickens and Dennis Gartman are very bullish on that.
I’m getting my legs blown out shorting Pot and Long SMN. I had to capitulate and buy some ags as a hedge; looks like a very legitimate 15% retraction from overbought levels (even if its a bubble).
I figured out how to trade this environment and bought Fannie Mae when it was down 7%. Watch Freddie lose a $5 billion and raise capital and stock will pop 10%.
May 6th, 2008 at 1:49 pmRun, don’t “Walk”
May 6th, 2008 at 2:43 pmLol. (Must be a Crackboy fan).
May 6th, 2008 at 2:49 pm