Thursday, August 23, 2007

 

Closing Comments

Despite the "tanned man's" bearish comments on the U.S. economy, the market closed flat. Forget about what you thought the market was supposed to do, following the BAC/CFC deal.

The fact of the matter is, recent gains are being consolidated. Once again, the bears are weak, unable to mount a significant raid and the bulls are energized.

In my world, complete boredom reign's supreme, as most of my positions put me to sleep. Despite the knifing action in LNN, iiG seems somewhat less-than-milquetoast.

I lost a bit in ATI today, while gaining some in GME. All in all, a "fuck this, let's go throw some water balloons off the roof" type of day.

With my money, stubbornly, I will continue to bid for LNN. With worldwide fresh water supplies dwindling, coupled with rich farmers, both VMI and LNN should continue to do well.

Also, natty reversed course today, apparently reaching a bottom. I feel the natty trade has very little downside, with lots of upside. As you know, I own UNG, GLF and NGS.

Finally, it's worth noting, Doug Kass, from RealMoney.com, is a complete asshole, not to be confused with half or partial assholes. His commentary is meaningless and his *patents* are worthless.

Comments:
milquetoast. that was a new one for me. thanks for the new vocab word, and for IIG, which i got in yesterday and enjoyed the big gains today.
 
Here's another one for ya:

Angelo Mozilo is mi padrone.

yours truly,

Lemongelo Mozilo

________________

You watching this UNG after the bell?

It's punching leather-faced old Alt-A swappers in the tats, it is.
 
http://www.sprott.com/pdf/TheVisibleHand.pdf

some fun reading for this evening - PPT tales
 
Sprott's gold bug fable-rigged patents are worthless.

And I'm buying silver here.
 
a little birdie told me to wait till tuesday to buy slv

so if you must buy before then, leg in
 
Unless that boid had thick Warren Buffet-geek glasses, I haint listenin'.
 
"my friend in the dealer community noted that there was a rather large, recent purchase of silver puts, and silver vols have exploded. He feels that a big move is coming. However, he is afraid that silver could see serious weakness between now and next Tuesday, when those puts expire (based on market dynamics). But, if we get through Tuesday or close to Tuesday and the downside hasn't appeared, he would make the argument that we have seen the worst."
 
that's birth to an old doctor's joke years ago--naturally, if things offend you stop reading, because it's not the point--

A black woman gives birth to twins and can't decide what to name them. She passes on all kinds of name of every variety, and is quite frustrated, when the nurse asks her is she would like any of the orange or lemon jello that another patient couldn't take with their meal...AND THE MOMENT STRIKES...GENIUS!

So, she named her kids Lemongelo and Orangelo.

Another story this one TRUE. This time it's about an immigrant of undisclosed heritage, gives birth to a baby who is sickly- and underweight. The mother is by her side day and night--but like the last story, can't think of a name for her ailing daughter. She leaves and when she comes back, the nurses have placed a note by her crib that reads "Save Urine." Not being familiar with English, she thought the nurses had named her for her, and the mother adopted the name "Urine" for her daughter. Pronounced "Yur-een-y."

Offensive, no doubt, but is this is what doctors say behind your back, imagine what all the other trusted professional are saying.
 
Danny you are fucking retarded. You must be stoned all the time.
 
Re: Knifing action in LNN

Lindsay was my girl during the recent downturn. I would come home from the bar after listening to the guys bitch about their wives for hours to find that she had cleaned my entire flat. I sat down exhausted and without saying a word she would come to the couch and give me a blowjob.

Lindsay come back.
 
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