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Trading with The Fly

Dr. Fly
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,466 Blog Posts

Fly Sells: TBT, C, FAS

Dr. Fly Mon Jan 12, 2009 9:50am EST 29 Comments

I sold out of my C position, for an egregious loss. I sold out of the little FAS I had left, for a loss. And, I sold out of my entire TBT position, some at a loss—some at a gain.

In other words, I’m taking off the long side hedges.

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29 comments

  1. TheArtist
    TheArtist
    January 12, 2009 at 9:58 am

    What is your projected exit point on EEV Fly?

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  2. The Fly
    The Fly
    January 12, 2009 at 10:00 am

    I don’t have one. I wait until the voices in my head tell me to sell.

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  3. El Tiberon
    El Tiberon
    January 12, 2009 at 10:02 am

    Love the pic…

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  4. The Fly
    The Fly
    January 12, 2009 at 10:02 am

    Look at that ABT for EYE deal.

    Whoa!

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  5. The Fly
    The Fly
    January 12, 2009 at 10:04 am

    Dive VNO, KIM, XOM, NOV and HANS!!!

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  6. TheArtist
    TheArtist
    January 12, 2009 at 10:04 am

    holly fucking slobber goo…….EYE is delivering some happy faces today from a few lucky fucktoads that got in friday…..

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  7. The Fly
    The Fly
    January 12, 2009 at 10:06 am

    Shouldn’t LCAV be up in sympathy?

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  8. Freddy Krueger
    Freddy Krueger
    January 12, 2009 at 10:07 am

    We will see if the churning holds…or not

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  9. The Fly
    The Fly
    January 12, 2009 at 10:09 am

    FK:

    Sentiment looks awful.

    Dow stocks that are up are recession proof names, WMT, MCD and PG.

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  10. Big Mike
    Big Mike
    January 12, 2009 at 10:12 am

    Yo Fly,

    What you think of shortin CHK? According to their conference call, they don’t think $5 natty is sustainable, therefore it was not something they would worry about.

    I might short some POT too, thing went from 50 to 80 in less than a month or so.

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  11. TheArtist
    TheArtist
    January 12, 2009 at 10:13 am

    HOG is taking a dive………as well it should…….

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  12. Freddy Krueger
    Freddy Krueger
    January 12, 2009 at 10:13 am

    Market is correcting, still needs to down more…so far looks like churning to me…

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  13. 4fl3x
    4fl3x
    January 12, 2009 at 10:16 am

    Oh Master Fly, I do not like this idea.

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  14. Freddy Krueger
    Freddy Krueger
    January 12, 2009 at 10:17 am

    I look the market in cycles…just to clarify just in case it dont make sense to some when i say stuff…

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  15. mdawsz
    mdawsz
    January 12, 2009 at 10:19 am

    This market is about to sell off!

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  16. The Fly
    The Fly
    January 12, 2009 at 10:21 am

    CHK has 14 billion in debt.

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  17. The Fly
    The Fly
    January 12, 2009 at 10:21 am

    Short CHK?

    No comment.

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  18. TheArtist
    TheArtist
    January 12, 2009 at 10:22 am

    anybody have any thoughts on AA going into the close today?

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  19. EN1GMA
    EN1GMA
    January 12, 2009 at 10:26 am

    The FLY’s time has come!!! Dow 5000 here we come!

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  20. jungleegirl
    jungleegirl
    January 12, 2009 at 10:27 am

    MS and JPM are being weird

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  21. TheArtist
    TheArtist
    January 12, 2009 at 10:29 am

    Thats because JPM and MS are gay lovers……..

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  22. jeff
    jeff
    January 12, 2009 at 10:31 am

    the Amero cometh
    http://shatteringdenial.com/amero.html

    wake up call

    http://shatteringdenial.com/books/the_wake_up_call_authorized_version_01.pdf

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  23. Darren
    Darren
    January 12, 2009 at 10:35 am

    http://www.snopes.com/politics/business/amero.asp

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  24. Stuart06230
    Stuart06230
    January 12, 2009 at 10:53 am

    Feeling Flush, Exxon Fuels Speculation Deal Is on Tap

    http://online.wsj.com/article/SB123171911929572235.html

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  25. mdawsz
    mdawsz
    January 12, 2009 at 10:56 am

    Jeff, make sure you’re wearing your tin foil hat! THE DEPRESSION IS AN INSIDE JOB!!!

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  26. CHK
    CHK
    January 12, 2009 at 10:58 am

    14 billion in debt? That’s peanuts. Our FED can provide that, if I look real sad when I ask.

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  27. Stuart06230
    Stuart06230
    January 12, 2009 at 11:00 am

    TLT interesting. careful TBT.

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  28. jeff
    jeff
    January 12, 2009 at 11:22 am

    fuck snopes – useless

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  29. Darren
    Darren
    January 12, 2009 at 11:26 am

    Fuck conspiracists – useless

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