Har Har Harby The Fly on May 15th, 2008 at 3:56 pm |
You cannot stop this market. You can only hope to contain it.
The bears have been eliminated from play, mainly due to the bulls ripping out their tonsils and kicking them down open manholes.
Much to my chagrin, the banks charged higher, late in the day, spearheaded by the ‘tards at (LEH: 0.00 N/A).
I have a bunch of trading long positions working, mainly in oil/gas. However, I will probably dump them soon.
By the way, (BX: 7.99 -8.27%) is on fire.
It makes little sense to think, when investing in this market. All you need to know is, bears are losers, who have little selling power. All of the real money is on the long side—bidding shit up while doing lines of blow.
(MVIS: 1.46 0.00%) gapped up, but will fail to break $4.
Finally, “The Fly” has a lot of fucking things to do and has little time to speak to fucktards from the internet. Just know, I like (VSE: 1.90 +10.47%) here, because it makes no sense. And, I fear the psychopath run in Chinese related names will cap off this market, like an egregious snitch in prison.
Welcome to the jungle.
May 15th, 2008 at 4:02 pmWhy won’t MVIS break $4?
May 15th, 2008 at 4:08 pmSince it makes absolutely no fucking sense, and its dumbshit projector is destined for the technology scrap heap, MVIS should trade to $100.
May 15th, 2008 at 4:15 pmArgh…1422 was huge…We’re rallying all the way to 200 EMA; you better pray we don’t break that.
Can you believe after all that shit that happened and we’re less than 150 fucking points away from all time high at the SP500? I’m being very stubborn and refuse to sell my inverse ETF’s.
May 15th, 2008 at 4:18 pmYes — but it’s 5 months later.
When we get to ‘old highs’ — your dollars will be worth 20% less due to inflation. So guess what — when everyone cheers about breaking even — they’ll still be down 20% because that’s what it costs for Ben’s priming the pump to get us back to where we were before.
Who wins?
CEOs with stacks of stock options
The ultra-rich.
Retards with lots of debt like the U.S. government.
Everyone else fucking loses — as usual.
May 15th, 2008 at 4:24 pmGuys just get drunk and buy the most egregiously run fucking company around. Why are you questioning this rally, just fucking do some meth and buy stocks. Inflation? What inflation? I don’t see no inflation. In short, put all of your assets in the banks and steel companies, they will go to par or beyond, end of story, stop questioning everything. VIX at 16? What is the VIX? Just buy.
Off to punch out a low end floor trader next door, faggots.
May 15th, 2008 at 4:26 pmPoint is:
that inverse ETF is toilet paper. The market won’t go down — the dollar is doing all the ‘down’ work. The markets are monopoly money. Try playing poker with some guy with monopoly money — you think you can wipe him out?
Fuck no — he’ll keep reaching into his wallet for more funny money.
shorts are learning the hard way. Inflation is the whole game — makes everything else look great.
You need to make at least 20% just to really break even. Markets have been in a bear market for 8 years now. This is Japan all over again.
May 15th, 2008 at 4:27 pmDouchebag,
What worked in the markets in Japan 10-20 years ago?
May 15th, 2008 at 4:46 pmCheck out Fly with his MVIS, he’ll be touting penny stocks and junk bonds tomorrow.
May 15th, 2008 at 5:24 pmTried to post this on the PG (Duc) but it wouldn’t take … WTF Jeremy?
Fly …. great avatar, from Space Ghost right?
http://www.youtube.com/watch?v=46LR3hVjJy8
Not a cricket but close …. think he’s a praying mantis but other than Jiminy Cricket (gayer than Zorak) a fitting avatar for a New Zealander.
May 15th, 2008 at 5:41 pmgappingandyapping Says:
Guys just get drunk and buy the most egregiously run fucking company around.
True story: For fun I picked a bunch of oil sensitive stocks for a CNBC paper portfolio and my Costanza portfolio is in the top 1% despite oil staying around $125 … go figure!
If oil tanks my Airline, Trucker, Chemical, PVC Mfg, Cruise line and Refiner will erupt … just added TIN and thinking about THO or WGO … Har,Har, Har
May 15th, 2008 at 5:49 pmBeazer (BZH)-Homebuilder
Fresh off the press
its loss widened in its fiscal second quarter as sales fell by half
In February, Beazer said it would no longer originate mortgages and would offer its buyers mortgage services through Countrywide Financial Corp. (CFC). The company also said at the time that it would stop building homes in several communities.
May 15th, 2008 at 5:59 pmThe company said it would restate financials for several prior-year periods after an internal probe found employees in its mortgage-origination unit violated federal lending rules. The company has said it received a subpoena from the U.S. Attorney’s office in the Western District of North Carolina seeking documents related to the mortgage service.
Beazer previously disclosed that its former chief accounting officer may have inflated reserves and other accrued liabilities in earlier periods.
Anyone see a good day for SRS n SKF tommorrow?
May 15th, 2008 at 6:00 pmFly, are you going to buy MVIS again?
May 15th, 2008 at 6:04 pmHave you forgotten the whalloping it gave you last year?
Another reason not to “hold through earnings.”
May 15th, 2008 at 6:22 pmBiggest financial meltdown in history solved in 3 months. This time next year Bernanke will be revered as a national hero, I’m already taping copies of his face on every $100 bill i come across.
May 15th, 2008 at 6:54 pmAsshat, there is no meltdown, no inflation, no foreclosures, no turmoil. All of this was made up by the media for an election season. While we are trading irrationally we might as well think irrationally.
May 15th, 2008 at 7:18 pmCFC sent us a letter today begging us to borrow money from them (on our CFC credit card which has zero balance), with blank checks attached, and a 2.99 % APR or zero percent interest until Feb 2009. Apparently they want to start throwing money indiscriminately at people again. How do they plan on making money like that? Apparently they have no qualms about doing exactly caused so many problems in the first place.
May 15th, 2008 at 7:37 pmBoca: Why should they have any qualms about it? Who wouldn’t risk it all if someone was there to bail them out? Hell give me a few million and say try to exponentially make more with it and if you fail I will just give it back to you. Just watch what I will do with it if I have NO RISK. I will buy a shitload of front month calls on some
May 15th, 2008 at 7:45 pmsteel companybiotech with a cancer drug. What’s there to worry about?Stocks never go down. That’s why I am going to buy 1 million shares of VSE.
It’s a stupid company that burns corn for a living, while people are starving.
ELEVATOR UP.
May 15th, 2008 at 7:50 pmDouchebag— right on!
May 15th, 2008 at 7:53 pmAgreed, this is all very bullish LOL.
May 15th, 2008 at 7:58 pmEquity lines of credit (HELOCs) are being cut-off left and right, especially here in California. I just talked to this chick I know who has been living high on the hog using that fucking “free” money for like 6 months now. Now she needs to get a 9-5 job she says. Good luck with that!
Anyhow…the markets will eventually revisit “reality” and plunge lower…but maybe not until end of Summer…or next week!?!?!? Does anyone fucking know?
May 15th, 2008 at 8:43 pmOh its not real, like War of the Worlds! Thanks Gap, happily bidding up X CLF and AAPL after hours!
May 15th, 2008 at 9:25 pmMay 15th, 2008 at 9:47 pm
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May 15th, 2008 at 9:55 pm“The Fly” should make his assistant post for him under his nom de plume, “The Fly”. “The Fly” has too many important duties and responsibilities to be accomplished ahead of any blogging, even first tier blogging.
May 15th, 2008 at 10:53 pmYour freinds were correct when they said MVIS is a screaming buy under two bucks, nice YTD gain.
May 16th, 2008 at 9:46 am