This Market Blows
May 14, 2008 – 4:14 pm
I have little time to discuss the intricacies of the market. Just know this: the market is extraordinarily over valued and is ready to be pushed off a steep cliff.
Stocks cannot continue to go up every day, in spastic retarded fashion. It’s fucktarded to believe that [[X]] deserves to be at $170.
You’ve been warned.
MVIS UPDATE: Someone sent me a “research report” on [[MVIS]]. Let me tell you, it is the most egregious piece of work I have ever seen.
Top Pick: Short LEH
May 14th, 2008 at 4:16 pmThe asshole sell in may cause you’re gay clowns showed up into the close today.
These individuals are in direct opposition to the asshole dip buyer.
Fuck, now I’m confused.
May 14th, 2008 at 4:21 pmThe major indices are in line for a quick 3-4% haircut after todays fairly significant reversal.
May 14th, 2008 at 4:33 pmListen and learn fuckstick bulls. I’m up $20K on my SMN buy today. Much more over the next 30 days. Odd no?
May 14th, 2008 at 4:44 pmX deserves to be at $270! Steel prices have been deflationary. I am calling a bottom in X, its 50% undervalued.
May 14th, 2008 at 4:48 pmhave you considered changing your name to yappingandyapping?
May 14th, 2008 at 4:52 pmIf there is really no inflation like Uncle Ben says, then the price of Crude is at monumental bubble proportions…
May 14th, 2008 at 5:04 pmhttp://www.infowars.com/stream.pls
$200 Oil is coming
Listen to Alex Jones boyz
May 14th, 2008 at 5:04 pmDEVILDOG: No why?
Fly quit using that Z-Share site, its run by the BSC IT department. Instead use this one http://rapidshare.com
Its much better.
May 14th, 2008 at 5:08 pmthnx gapp
May 14th, 2008 at 5:09 pmWe’re still in the uptrend set up by the Bear Sterns Bailout; until we break support, I am neutral.
All kidding aside…what fuckin news would drive this market down? I would say we have to wait until Q3 or maybe until Q4, before oil really starts to fuck companies over. Bear in mind, they are not passing costs to consumers…YET.
In the meantime, too much momentum to the upside;
May 14th, 2008 at 5:13 pmFly… you’re right about the MVIS report. Quite egregious. And potentially quite profitable for holders from these levels. I can’t find much wrong with his research, but it does come off a bit like a 14 year old girl with a crush on the high school football captain.
Just a note… the group that put it out updated the report with a correction to the fully diluted share count numbers, which changed the share price projections to $10.22 in 2009… $55.22 in 2010… and $332 in 2012. Only a 10,000% return from the $3 level, instead of the 12,000% in the report you posted.
Not nearly so egregious. Here’s the link to the updated report.
http://www.investorsdailyedge.com/PDF/The Next Big Thing.pdf
And no, I didn’t write it. But I did point out to them that their original share count was misstated.
May 14th, 2008 at 5:13 pmBig Mike,
I think there are a number of things, let me list a few favorites:
= Oil at $127
= Natty Fucking Gas at $11.65 going into canes of death and summer A/C use
= Gasoline at $5.00 (yes its $5 here in the Chi)
= Hot Rolled Steel at fucking $1400 a ton (egregious to the max)
= Food prices (everything thats traded) at all time highs
= Water shortages
= Possible 11% hike in taxes looming
= Horrible consumer confidence
That all said I still can’t locate a fucking Nintendo wii for sale so shit can’t be that bad “yet”.
May 14th, 2008 at 5:18 pmFly,
Do you have any plays on engineering companies (in CA? Japan? China) who might have knowledge of earthquake resistant construction?
China quake shows flaws in country’s building boom, with shoddy practices in small cities - AP
May 14th, 2008 at 5:24 pmThe party will continue until after the coronation.
Fly wrote: Stocks cannot continue to go up every day, in spastic retarded fashion…
HAHAHA!!
May 14th, 2008 at 5:32 pmSteel has had a great run and I sold my MT at $100 today before it came back to $97. Still love nat gas, I’m very long CHK.
In what may be the smartest or dumbest move ever I have a long position in BBI. Bought at $2.71 and added at $2.91. I have a feeling they are going to beat earnings tomorrow morning. Since they started selling video games in their stores I see some decent upside although the CC bid scares the shit out of me. Fuck it I’ll bet on Icahn!
May 14th, 2008 at 5:41 pmExcess Coke
Everyone Nose
Everybody Nose
by
“= Oil at $127
= Natty Fucking Gas at $11.65 going into canes of death and summer A/C use
= Gasoline at $5.00 (yes its $5 here in the Chi)
= Hot Rolled Steel at fucking $1400 a ton (egregious to the max)
= Food prices (everything thats traded) at all time highs
= Water shortages
= Possible 11% hike in taxes looming
= Horrible consumer confidence”
You forgot Joey Bag Of Real Estate Crack going upside down on his 13 $1M homes in Hemet, CA. Who would have known an $83,000 house in Hemet, CA a few years ago going to $1M was not based on true fundamentals? Have you ever been to Hemet? If not, do not go there unless you like dutch ovens and people with only a few teeth wearing diapers.
May 14th, 2008 at 5:46 pmThat thing was such an egregious pump that you may have to have everyone on the site sign “hold harmless” disclosure documents stating that they were not sold boiler room securities by your firm…
I can’t believe how much “Joozy” Tokman looks like a muppet.
May 14th, 2008 at 5:47 pm@ anonymous - look at the RCH pop today, China architectural and engineering.
May 14th, 2008 at 5:47 pmJooosey.
May 14th, 2008 at 5:51 pmFor his faithfulness in patroling downtown Chicago and kicking the occasional ten year bond trader in the nuts, Gappy receives the “key to the City.”
May 14th, 2008 at 5:57 pmHey, Joey, I bought a car in Hemet back in 2002.
Even then, it was mostly dirt with lots of developments featuring large numbers of bedrooms - 7br and up. Mormon land?
Fly - at least one of the “analysts” from the company that published the MVIS pump lists your blog as one of his favorites. http://stockcharlie.blogspot.com/2008/05/buildings-of-future.html
May 14th, 2008 at 6:35 pmfly what is so egregious about the report? Or are you just trying to hold back so you can get in.
May 14th, 2008 at 6:39 pmThat MVIS “research report” was hilarious. I think I had one stuck on my car windshield, along with a rave promotion and a pizza coupon.
May 14th, 2008 at 6:41 pmHolly shit Jake thats the key to Romania!!! I will first appoint Fly as head of all economic finances. Secondly I will begin to offer goat meat as an alternative to egregiously priced beef. Lastly I will notify the rest of the space alien magicians that Romania welcomes them even though they are illegals, however they will be required to work for Roman wages.
May 14th, 2008 at 6:59 pmFrom my ever burgeoning “The Borg Do Hits from the Eighties” Time-Life series*:
____________________
*(There is NO NEED to re-order! Just append your VISA or Mastercard number and we will send you a new 12-track CD of “The Borg do the Eighties” each month!)
May 14th, 2008 at 7:21 pmBulls, please choose your manner of egregious death:
1 - a slow, yet painful death, of one thousand cuts
2 - a quick, yet painful death, in several fell swoops
The choice is NOT yours.
Prepare to die, without honor, without dignity.
Sincerely,
May 14th, 2008 at 7:49 pmSatan
CLNE, FXP down big, no wonder Fly is blowing chunks of lower intestine out his nostrils.
May 14th, 2008 at 8:14 pmHey scum, I thought you were banned, fucker.
Long live MATH and ARWR.
May 14th, 2008 at 8:33 pmFuck you Scum. I am up on CLNE.
May 14th, 2008 at 8:37 pmFly wrote: Fuck you Scum. I am up on CLNE.
Probably, you always establish your positions well in advance of telling anyone. I’m sure you and Cramer would make a good team.
May 14th, 2008 at 8:54 pmDamnm. I don’t think I’ve ever seen the word egregious used so many times in my life. All on a site known more for the word fuck
May 14th, 2008 at 9:17 pmThat research was awesome. If I were cynical, I’d wonder to myself if MVIS is on the verge of tapping that $35 million shelf they filed last year.
May 14th, 2008 at 9:51 pmScum:
Wrong. I buy my positions as reported. Unlike many of you, I am honest.
Take a look at previous buys. I am up, fuckface.
Shane:
You must have become bored. I’ve never seen so many “Shane” comments before.
May 14th, 2008 at 10:18 pmwe’ll take #3… a rebate check rally, followed by irrational exhuberance to the 2nd great depression
May 14th, 2008 at 10:20 pmOkay Fly, I retract that last aspersion on your (otherwise thoroughly questionable) character. I see you’re up marginally on CLNE, pretty good timing on FXP though, I must admit. We will see what tomorrow brings.
edit: Hey Fly, Since I am o-relating on such a rare, yet profound level, do you feel that FXP performs as advertised? I have read some who feel otherwise.
May 14th, 2008 at 10:45 pmAnonymous look at TAYD - low float/micro-micro-cap, profitable company that makes dampers for use in buildings and bridges for earthquakes, wind, and explosions. Products also used in stadiums, hospitals, schools, museums, high clearance buildings, military weapons, and rocket launching pads (vibration control).See Wobbly Bridge in England, Guggenheim, Torre Mayor or most large cable suspension bridges in the world…business booming in Asia.
May 14th, 2008 at 11:03 pm