Yes, TGIT! It's Thursday and I leave for the Vermont wilderness at noon with my equipment and Form 5320's in hand. I'll be there Friday & Saturday, doing my best to enjoy finely crafted automatic mechanical devices - curios and relics - historically important examples of how freedom was preserved !!! I've got about 5,000 rounds ready to let rip at targets like dynamite, old cars, fu gas and other wonderfully enjoyable reactive targets. I have lots of .50 API and APIT to light up engine blocks - I've an expert using the T&E to fine tune the aim to the oil pan :-)))
Yesterday was a fine example of beefer manipulation. They beefer bears use the "subprime" excuse to shout "Fire" and shorted ETFs and futures like madmen. They were trying to run stops and scare weak handed bulls. But it didn't work since Bernanke said nothing negative and the subprime nonsense was old news. So in the afternoon some had to cover. The day ended like a normal consolidation day. Volume was high so you know the real buyers were there to buy cheap stock. I suspect the day left many trapped shorts.
Earnings are OK. Inflation is OK. Economic growth is OK. Panic-mongers are trapped and need a miracle. I think short interest will be another record when reported soon.
I'm holding about 200% net long including the S&P eminis I re-bought yesterday morning.
PS: I found another $1000 word yesterday: "ingerence", meaning bearing in upon, intrusion, interference. [The "g" is pronounced as the "g" in ingenuous - i. e., like "j".] The word seems to be used in connection with the affairs of nations - one nation's ingerence in a neighbor's government, for example. I suppose W would say, "Iranian ingerence is harming the development of the Iraqi government" if he was literate. hehehe ;-) The OED says it is obsolete and rare, but since I found the word in a book written in 1982, obsolete seems overstated.
PPS: More computer problems on my eSignal computer - Blue Screens of Death twice in 24 hours. I could recover, but I'm worried about it. I think I need to transfer my files to the new Vista computer.
P^3S: I scanned the earnings news on Briefing.com (it's a good, relatively cheap news service) and saw many big companies beating estimates. That's bad news for the bears.
About Me
- Bunkerman
- I have a pioneer mentality. My wife & I live in the woods - neighbors aren't visible except slightly in winter. Our "bunker" - hehe, really a fine home & barn - has plenty of security. We have four dogs: Krypto (age 9, Kelpie), Ava (age 13, Rat Terrier), Sky (Kelpie, age 5) and Lucky Star (age 1, kelpie). I don't take crap from anyone anymore, having enough resources & gear stocked up to survive in any circumstance. I have three degrees from Harvard including a Ph. D. in a physical science, and an MS in Management from MIT. I worked as an investment banker for about 25 years, mainly in secured finance, at three major Wall Street firms and for the last 17 years with my partners at our own firm. I'm semi-retired now, managing some private corporations and business interests and doing my own trading & investing. This is not to boast, but to give you an idea I know a little about some subjects from experience. The photo is my 1943 M16 half-track which I am restoring. These armored vehicles were ubiquitous in the US Army in World War II and Korea. It's driveable.
45 comments:
TPS reports. From the movie Office Space. Some of us have the movie pretty much memorised.
Here is a fast money recap site
www.fastmoneyreview.com
Volume was high yesterday so it was 'real buyers'? Huh? Aren't you the one that always says it's the beefer ping-pong game that drives volume higher ( elephants lookin for a watering hole.....lol). Your mind sure thinks in funny ways B.
I guess logic might seem odd to a creationist, Bud ;-))))
One has to interpret that facts as they arrive. High volume on down-up reversals are often a sign of a bottom turning point.
High volume on new highs similarly can be a sign of distribution and a top. Low volume advances to new highs is a sign that few sellers are higher.
Beefers cause lots of stock fluctuations. I don't think I said volume is always just ping-pong. Beefer games do screw up lots of technical indicators. ETFs do that, too.
beefer ping-pong....lmaoooo
As that great character, Rambo, said, "The mind is the best weapon". So I keep thinking and adapting, as humans must to survive in the jungle ;-)
Bunkerman..pay no heed to Buds constant ingerence to your way of thinking...He's demeaning,absurd..preposterous(Jackie Childs)lol
PS Jackie Childs is from Seinfeld Bunkerman
spin, do you even know what a balm is? who told you to put the balm on?
golly spin - you are really good at using these high value words. ;-)
I enjoy the repartee - it's keeps me from getting lazy.
ZOLT 1234...CMED 1234ish...both gapped over there buy siganls from the strong pre market...np...Bud your the CMED man...all systems go?
WNR 60 and LEH 70 potential expo pins working out....virtual indeed, but take an edge where you can find one. Bunkerman, is this type of trading considered beefer ping pong?
Uh, Bud I'm talking to you.
I don't think pins are ping-pong. Ping pongs are when the beefers smassh some stock/group down for a few days, then run it back up.. Or vice-versa.
Absolutely Frosty. That is pure beefer ping pong. Lmaoooo
Here's more. I am drinking with the elephants at the BEAS watering hole. Loaded up ther 14.15. Supposedly good news comin soon.
Gary Player thinks golfers are doin steroids. Another bitter old white man. He sees a black guy makin $100 million and he gets pissed off. Well....he is from south africa. That's kind of like being from alabama or south carolina. Fuckin racist pig.
geeez Louise Bud(insert crazy face icon here)
uh Bud, golf is a game not a sport....and if there is money at stake someone is cheating, that you can count on....I bet you think fuzzy was bening racist when he encouraged tiger to serve fried chicken and greens at his first master's victory dinner....can't a guy like chicken...give it a rest.
now that is offensive when you leave north carolina out
Frosty I think they all do steroids in every sport. I just don't wanna hear old guys piss and moan about it. They wud do the same if they had steroids back then. Guys like Player don't care about golf (lmaooooooooooo)...they just jealous cuz guys makin millions now.
Fuzzy wasn't being racist. It was just a joke. Media blew it out of proportion.
Bud, are you drunk? are you making nice? what ever your doing stop it, your creeping me out.
Peace on Earth ;-)
Heading out to make like Rambo :-)))
Good luck with "expo" lol
Back to the blog Sunday/Monday.
Lmaoooooooooo frosty
TLAB bulls and bears locked in a death match right here at 11.91....could be the squeeze play is about to be put on.
UNG recaptures the nine day....just trading around...basing during July seems like text book action to me... certainly want it on the sheets for the second half...maintain 12.25 year end price target for nat gas.
Rofl...'year end price target'. You gotta fuckin crystal ball frosty?.....Btw you fade me on NVEC last nite?
uh Bud...that is certainly no way to speak to a grand wizzard...you may not respect the man under the hood but you should at least respect my station....crystal ball LMAOOO....brass balls indeed.
NVEC, I felt like shaq two feet from the rack with g-mac hanging off my back...before my career is over I will smach a back board..lol
Is that a subliminal message?....ya know spinny has feelings......lmao
Tank shut down early?
Lmaoo frosty........don't ever put Shaq and g-mac in the same sentence.
Of course unless Shaq is lookin for someone to drive his limousine.
Bub, where are our earnings plays?
I don't think so Frosty. Earnings trades for me are gambles. And I like to bet when I'm hot. But am ice cold right now.
come on georgy boy....a good trader would fade himself....gun to head what do you like?
Rofl 'gun to the head'.....keep your sexual fantasies to yourself frosty.
Bolling pumped CLNE...T Boone in China...nat gas for cars
Sorry to keep bringing up Bolling..lol...but he talked about GOOG.....when it had trouble breaking the 513 area..the double top?...that should be support
tap..tap...tap...Is this thing on??lol
spin you have a poster of bolling in your room, next to the gmac collage?
Spin, much prefer info and videos on Bolling's wife... :)
LMAOOOOOOO...YES I do...right next to my Frosty statue
"Good evening. Thank you for inviting me into your laps. Freinds, the press and the goverment are together in bed in an embrace so intimate and wrong, they could spoon on a twin mattress and still have room for Ted Koppel. Journalists used to question the reasons for war and expose the abuse of power. Now like toothless babies they suckle on the sugary teat of misinformation and poop it into the diaper we call the 6 o'clock news......-Deposed anchorman Kent Brockman "The Simpsons"
where are all those chip and dip buyers....need to be in for take over monday....It's Bunkerman's fault, for two reasons...one, taking today off and going 200% long in the alpha fund this week.
Mind the gap hey Frosty,as Bunky posted...nasty 100 1985 has a bullseye painted on it. Futures gaps always fill. when? when they do.
the third reason that this bear raid is working, Bunkerman never handed out those dow 14000 caps, making the move official....he has doomed us to listening to the medias endless discussion of that friken' number.
spinny....day trippen' the GOOG...making the purse from the pigs ear...atta boy.
Have a good one guys..Hope ya made out ok today.....FORE!!!!!
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