Sure, all of you little bastards are shooting at “The Fly” today, despite not having the luxury of being short this decline. It’s easy to just sit there, all unemployed and shit, like the little punk that you are, talking shit from the discomfort of the third class lifestyle that you are so accustomed to.
Unlike many of you idiots, I am not a day trader. I am more of a swing trader, looking for 5-20 day moves, while exhibiting the utmost patience and discipline when investing. Understand the difference between you and I and never forget it.
I move in big convoys, heavily guarded, armed to the teeth, while you walk. Comparing “The Fly” to your own trading is sort of like comparing Barry Bonds’ head, pre and post steroids.
Boo-Hoo, I am losing money today. Hey pal, go fuck yourself. This isn’t the first and it won’t be the last time losing some coin in the market. The point of what I do here: when the dust settles and the clouds of cocaine subside, I win.
My victories are grande [sic], some might call them decadent. However, when they occur, you will know why they call me HORATIO CLAWHAMMER.
Into the close, I will add to my DUG positions and leave all longs intact.
NOTE: The PPT is registering its lowest ranking ever, at 2.19. The only silver lining: each time it hit the 2.20’s the market bottomed, temporarily at least. Do or die here, else we get “Tim’d” again.
UPDATE: I bought 3,000 ERY @ $34.85.
Zombie talks to pigeons.
Wonder how heavy they will be on the close? If they bid it then we may be forming a triple bottom test. And then there is the notion of just buying the dips (today) and selling well when you can.
WRONG. I’m swimming in luxury and will be for several more weeks. Bye-bye!
Obama & Geitner are getting a taste of the funnel.
Geitner needs to go .. along with summers & bernanke …. give volcker the reins or replace them with roubini, taleb, denninger et all
if we keep this up, we may as well just hand the keys to the global empire to the chinamen
Timmy “Tip Tip” Geithner makes me wish for A. Greenspan.
This guy should be teaching B School somewhere. He is clueless. No wonder he is a tax cheat.
Better yet, a senile Paul Volcker would be better.
Fuckit I am gambling on FAS. In at 8.07, small position ofcourse.
UCO looks like a real nice upside hedge imo.
bought ice @ 62.4
way to chase the mkt with your end of the day trade, fly. at this rate, you’re going to end up back on the cow patty from which you came before the week is up.
market collapse tomorrow. watch and weep.
Congratulations to the newest columnist for the Wall Street Journal: DEVILDOG – http://online.wsj.com/article/BT-CO-20090210-716645.html?mod=
Horatio:
If we are bottoming according to the PPT, why buy more inverse?
BTW — tagging the S&P uptrend line right now. Should get a bounce off of it. Otherwise, it’s 805 at least.
______
I love it!!!!!!!!!!!!!!!!!!
CNBC did not expect this to happen………..they are gasping for air…….they prepared the entire days script for an up market and convincing everyone to buy…… now we have reality and CNBC has it’s lower lip dragging the floor rolling over Michele’s panty waste drippings.
CNBC is now at a loss for words, that’s the reason they have kept the show on all day on the senate floor ramblings…… the script had to be circular filed……
Jake, are you still in CBL?
Impeach Obama. Fire Geithner. Hang the banksters.
jake
The PPT is not saying we are bottoming. It is saying we will all be tossed into a black hole soon.
However, as you know, every time it seems we are about to get murdered, the police come around, if you know what I mean.
I am simply using some cash to hedge for tomorrow.
haha so true TheArtist. also, they probably couldn’t dig up any “rumors” (aka bullshit) because everyone’s too busy watching their own shit to talk to those asshats liars at CNBC
Geitner would be a really good VP/middle-management at Proctor and Gamble selling soap. christ he’s boring.
how many more times are you gonna chase this market aroud dude all you do is make me laugh anymore
yesterday at the closing bell i went long faz and hedged mysely by shoting fas damn ho am i doing yea i blowing you away % wise for the year
BUY STOCKS!!!!!!!
I was short today, how about yourself? Fuck you final hour rally I’m shorting some more thank you very much FLY
Gapping Andy_________
don’t know about that FAS, we will not have any good news tomorrow, could see a lower leg from here.
PPT buying the close.
TRIN getting stretched here.
Way oversold ST but running out of time.
DZZ heading to zero at warp speed.
nothin to say fly good call The Smart Money Says:
That’s Mel Martinez. My Senator. Dumbass.
Watch the market rally as shorts cover
Buy or DIe.
We’re all gonna die eventually but DDOG will die sooner.
….well actually scared little bulls who don’t know what they are doing are dying as I type but DDOG will die shortly after they’ve been killed.
Like Pee Wee Herman in that adult theater I took my shorts off a little early. Didn’t add any more shorts, but just cost averaged longs lower. Should we have a bounce in the basic materials and industrials into op ex, coin will be banked.
Sold out of my SRS and BGZ for some great gains, sold off all my longs this morning.
I am in 100% cash ……so market….do your worse…I wont be taking your shit tomorrow.
I am in cash till I feel Fly’s PPT doom program is either not working or has recovered.
Later guys,
LG- lesson for the day. Stick with the odds. You can bet on with the odds while news does not create a quantifiable edge.
Big money players have got to be scared shitless. This is going to be a long ride down. Short of giving families 50K each, this economy is completely fucked for a few years. The bright side is volatility may come back so daytrading may be easier.
XOM enters the funnel ….. not of love
Charlie, just the preferreds now.
________
yesterday at the closing bell i went long faz and hedged mysely by shoting fas
Nice “hedge” dipthong.
_______
Adam Michael
02:48:50 PM
No positions in stocks mentioned.
Crude Radar
Another very heavy close in crude today. On my radar are the trade numbers that come out tomorrow morning. Chinese exports have a VERY high correlation to China’s crude imports (usually published around mid-month), and chinese crude imports have a strong correlation to crude price.
I continue to remain very bearish on crude based on fundamentals and expect to see a poor export number out of China. Still looking for a sub $30 number by spring time.
http://www.youtube.com/watch?v=_nsQF8T_c-c
Bring on tomorrow
buying AH weakness to AMAT report
bought 9.60
EARNINGS will move this market higher for the rest of the week.
Ift will be fun I hope you come with. Even you DEVILDOG.
Let me guess after your egregious losses you are down from +14% to +12.7% for the year. Of course.
You got schooled today. Hard.
Now you can call into Cramer and ask him a question about China so you can pump it together.
What’s “sad & pathetic” are lame-os that need to post disparaging comments under anonymous monikers.
Man up, pussy. If you want to be contrarian, that’s fine. If you want to give shit, that’s fine too.
But take on a permanent marker here so your ideas and your arguments can be challenged by people who put their opinions out for review every day.
Even Devil Dog, the gigantic pain in the ass that he is, has the balls to make his consistently bad calls under the same name.
Man up, or tell your story walking.
__________
^exactly.
Where the fuck were these clowns yesterday? One of the pitfalls of putting something into the public sphere, home of the internet goatfucker.
“Sad Pathetic,” don’t challenge The Fly. If you want sad and pathetic, watch a re-run of Obama last night. I needed fucking tissues to wipe away the tears I laughed out of my ducts while I watched him blindly and unintelligently answer questions.
JakeGint – Totally agree with you.
ZM
Judging by your posts, you have been more wrong than right on your swing trade. Either (1) your posts are late in capitulation or reaps or (2) your trades result in more losses than gains and in a greater magnitude.
…and you’re looking in all the wrong places, damn it.
Ooh-rah!
IJH
PS I enjoy your posts and read them routinely.