jquery animation problem with stop

HTML

<div id="slide">Lorem ipsum</div>

CSS

#slide {
    display: none;
    background-color: red;
}

JavaScript

$(document).ready(
    function() {
        $("#slide").stop(true).fadeIn(1000);
        $("#slide").stop(true).fadeOut(1000);
        $("#slide").stop(true).fadeIn(1000);
    }
);