Much to his enemies chagrin, “The Fly” is back to making “severe coin,” this time as a bull killing machine.
It’s been documented here, “The Fly” is a “space alien magician,” who is able to make “unhuman-like” market calls—effectively making life entirely “unfun” for all other third tier bloggers.
While it’s true, I still own a truck full worth of [[RIMM]], [[AAPL]] and others, I still managed to close out the week +5%, thanks to my double inverse positions and heavy [[LEH]] short position.
Sometime soon, I expect the market will bounce, giving you retards who are still long a 3rd chance (“The Fly” gave you two chances to get out) to bail and get flat or short.
In case you are wondering, money managers need to raise cash, to the tune of 5-10%. Going into year end, most funds were fully invested.
As predicted, now, we are seeing the result of what happens when asset managers, who control trillions, decide to raise 5% cash, all at once.
Top pick: [[DUG]]
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