Fly on WallStreet

Tough day for the market, ahead of a key Fed help.

All day, momentum sectors, like the shippers, metals and oils, were obliterated. To top things off, it appears the filthy restaurant owners @ BWLD missed earnings, but beat on revenue. My guess, they will blame some sort of 'chicken wing' phenomenon.

Like I said before, either way, I will own the stock, in size, until March. Should the son of a bitch trade down 5, so be it. I'll buy more.

There was a nice bounce in the homies, as the sellers book profits ahead of 'Helicopter Ben.' I'm long SPF.

Look you, I have lots of important shit to do, instead of telling you the future. Just know, no matter how gay the market gets, "The Fly" will always come out straight.

Finally, the "death hammer" dip in VMI should be bought, as should the "chicken wing aberration."

Off to throw a chair at my trader/servant.

UPDATE: This looks good. Big overreaction.

16:21

BWLD Buffalo Wild Wings reports Q3 (Sep) results, beats on revs; guides FY07 revs above consensus (38.91 -0.58)

Reports Q3 (Sep) earnings of $0.24 per share, includes charge, may not be comparable to the Reuters Estimates consensus of $0.26; revenues rose 20.6% year/year to $82.4 mln vs the $81.6 mln consensus. Co issues upside guidance for FY07, sees FY07 revs growth of 20%, which equates to ~$333.8 vs. $330.32 mln consensus. Co sees 2008 20% revs growth, and 25% EPS growth. Co says, "In May, we announced that we had exercised the right of first refusal to acquire nine Buffalo Wild Wings franchised restaurants in the Las Vegas area and that the acquisition was anticipated to close by the end of 2007. One of the conditions to closing this transaction is obtaining gaming license approvals. This process is taking longer than expected, and, although we cannot determine the exact closing date, we anticipate that the transaction, upon satisfaction of the remaining contingencies, will be completed in 2008.