The Fly

I Want To Curse
Saturday, November 21, 2009 at at 8:44 pm 16
I’m sick and tired of this market not going to 10,500. We were no more than 80 points
away from 10,500 last week until that weak/lame sell off. Mostly everything gets me mad,
from dumb cellphones to disgusting people to men who get their eyebrows plucked. But
nothing vexes me more than denying “The Fly” of what’s rightfully his: victory.

Talk all you want about moving averages and/or SCARY ECONOMIC DATA: I spit on you.

Fly Cont'd

I spit on you, from the the top of the Empire State Building. I spit on you.

As I write this, my stupid neighbor has a bunch of “illegal Mexicans” doing
renovations on his house, making all sorts of noise with their silly little tools. I feel
like grabbing a hammer and putting a few good sized holes in his house; but I won’t.
Instead, I will roam around my house, barking out orders, while ignoring all incoming
emails/texts and most definitely phone calls—for I have the symptoms of the “death
flu,” and there is nothing remotely fun about that.

In closing, on my eyes, the market will touch down on 10,500, before X-Mas, granting me my
only wish, which is: a very vulgar and entirely unnecessary rude iBC Christmas.

Last edited on: 11-22-2009 07:35 am

What I am doing here is offering OPI (Other People's Ideas).
It's the antithesis of listening to the minutia of most CCs.
From The Fly
Change that You Can Believe In
Friday, November 20, 2009 at at 11:31 am 29
I think we are close to bouncing; but what do I know? Hell, I am only on a 10 year winning
streak, despite having wide ranging intellectual impairments, with regards to not
believing political campaign literature and commercials. Everyone has their vices. I guess
my biggest one is being able to see the worst in everyone. I am a cynic and it helps to
fuel the fire in my stomach, which, incidentally, makes me work harder than everyone
else.
Aside from the stocks on my radar, there are a number of others that have been resistant
to the recent decline. It is incredibly helpful to see what the morons at our local mutual
fund companies are buying now, into weakness, since they may be outperforming other
equities if the market goes on a protracted decline.

Cont'd
Also, consider the following: we are ending the calender year soon and many managers want
to chase performance, into the New Year. There is no way, on God’s green/filthy Earth,
that the market is going to collapse into the New Year, while sitting on handsome year to
date gains.

Here is a short list of names, screened by The PPT, that meet the criteria (min mkt cap 10
billion, hybrid daily change 5%+, % from 52 week high less than 10%):

Lorillard Inc. (LO: 79.48 +0.52%) , Duke Energy Corporation (DUK: 16.22 +0.75%) , The
Coca-Cola Company (KO: 57.48 +1.05%) , Kookmin Bank (ADR) (KB: 53.66 +1.48%) , Shinhan
Financial Group Co., Ltd. (ADR) (SHG: 85.42 +2.66%) , Best Buy Co., Inc. (BBY: 43.30
+0.81%) , General Mills, Inc. (GIS: 67.94 +0.64%) , ICICI Bank Limited (ADR) (IBN: 38.04
+2.64%) , Abbott Laboratories (ABT: 53.64 +1.28%) and (MCD: 63.97 +0.88%) .

Cont'd
In this screen, same criteria as above but scanning for hybrid weekly change leaders, the
following met the criteria:

(CGA: 17.14 +6.20%) , Wal-Mart Stores, Inc. (WMT: 54.28 -0.48%) , Best Buy Co., Inc. (BBY:
43.30 +0.81%) , Visa Inc. (V: 80.00 -0.22%) , TransCanada Corporation (USA) (TRP: 30.94
-0.29%) , General Mills, Inc. (GIS: 67.94 +0.64%) , Shinhan Financial Group Co., Ltd.
(ADR) (SHG: 85.42 +2.66%) , The Mosaic Company (MOS: 55.31 +2.31%) , Abbott Laboratories
(ABT: 53.64 +1.28%) and Duke Energy Corporation (DUK: 16.22 +0.75%) .

Like it or not, that is what is working now, at least in large cap. All in all, not a bad
list and not overly defensive.

My best guess, we strengthen throughout the day, based upon the prospects that the dollar
will get its face punched in again.

Speaking of friends, I keep waiting for Bovine's amigo to return - I have a shot of Cuervo
Gold, salt and lemon waiting for him. Pow Wow. It's my peace offering.

pink kisses to u lolol, thats fer r friends,,,

also so a call, dont shoot til ya see the red in there eyes,,,lol

Tradin'
Just viewed Dan's video and he's pretty much saying SP 500 is at the top of its range and
that this topping is a process that often takes longer than putting in a bottom. Protect
profits is his mantra. DBA - you and your grains. I can't lie, I eat a bowl of oatmeal
with a banana almost every day and drink a dark beer almost every night. So, I'm very much
into grains.

Alchemist,
Tim Knight over on Slope of Hope bought some SDD today I think and of course he was burnt
in effigy over it on ibankcoin.com. As you know SDD chart and TZA exactly the same and Tim
liked the "base" that SDD had put in. The guy's a professional, so if he's buying 3X
inverse smallcap - well then again it's been tough sledding for the bears for months now,
and Tim's shorts have suffered greatly. As for me, I wouldn't buy it right here as I'm not
clearly convinced technicals are decidedly bearish. I only buy the highly leveraged
inverses as you do - quickies - but for a longer hold I would only buy a non-leveraged
inverse. For that, I'd wait until later this winter.

Edit: SDD - Ultra - not 3X.

Last edited on: 11-18-2009 11:24 pm