Monday, March 15th, 2010

Remember When I Said I Would Short Stocks?

Friday, July 10, 2009 at 4:08 pm

64

I lied.

I couldn’t pull the asshat trigger on my targeted shorts. Tech was too fucking strong. Despite taking a stiff upper cut to the scrotum on the pain maker aka Flotek Industries, Inc. (FTK: 1.45 0.00%) , I made coin today, mainly thanks to gains in Corning Incorporated (GLW: 18.04 0.00%) and OmniVision Technologies, Inc. (OVTI: 15.87 0.00%) .

Call me a caribou crazy, but deep down in my gut, I sense a rally coming. Granted, I’ve been saying such asinine things during the entire 4 week death march lower. The fact still remains: “The Fly” is never wrong, even while losing, even when wrong.

In my experience, the market usually turns when I start slapping people in the face with hot slices of pizza. Let it be known, my trader/servant’s nickname is “Marinara Nose.”

For the week, I lost tonnes [sic] of money, as FTK/ERX taught me a lesson in stupidity. With the grace of heavily booted clowns, I will be back to my winning ways, sometime soon. If not, well then, I may need to grow a beard and start threatening my neighbors with sharp knives, again (just kidding, I only threaten them with garden tools).

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Comments

64 Responses to “Remember When I Said I Would Short Stocks?”
  1. The V.King says:

    FIG

  2. The V.King says:

    I put a 50k marker on the table…and then the dealer dropped dead. I need the pit boss please….And some aged malt. I’m going for a swim….remember Laps for the lats….

  3. maelstrom says:

    Time to buy FTK

  4. Docsparks says:

    crap, I just went long…

  5. kim jong il says:

    dude… do you even know how to get out of your house?

  6. StarscreamPowerPlay says:

    Commando is a great movie.

  7. TheArtist says:

    come on Fly….remember the massive loss in FAZ and SRS you took back in April? you gained all that loss back in like a week…..time to do it again…..

    game day, the ball is in play.

    soldier on.

  8. dumas says:

    TIG, in a parallel universe.

  9. dumas says:

    Fly, are you kidding me? What, because you didn’t want to be a FAZtard?

    Well, I’m probably a dumas, but I went long since you said you were going short… now I have to sell everything, AGAIN, and go short.

    You heard it hear folks, Fly is going long… next stop is @ 830.

  10. Mr. Cain Thaler says:

    Today is the sort of trading that ruins lives.

  11. masterpain says:

    Fly how many shares of FTK you got . By my figures , it would take a day and a half to unload them …….

  12. Juiceyfruit says:

    This is what makes The Fly great, besides many other qualities … he owns his mistakes, even when he’s being right. iow, honesty.

    kudos

  13. Donny says:

    Call me a caribou crazy, but deep down in my gut, I sense a rally coming.

    “Gut”? “GUT”????

    Now that’s fucking funny.

    ROFLMAO

  14. maelstrom says:

    Tough read for me..this market is one contrived and controlled mother. In addition to the GS secret sauce program buy sell formula I’m sure a room fill of behavioral psychologist plot buy sell triggering for the masses..Fly has good instincts most of the time and thats as good as it gets. I of course am one conflicted fucker. Sold out, 90% cash then got back in and I m up on 2 down on 5 positions..My day trades (by no means my forte) have been much better but I ve been conservative and bailed early on all.Anyway another weekend means lawn work (actually like it ..excercise ) and getting ready for one of my daughters to move back in..yikes I wake up with panic attacks….By the way DO NOT hire that crazy fucker to be a clown at your kids birthday, he threw the cake at the wall and shot the place up. Some fucking clown, good thing I had my vest on

  15. TraderCaddy says:

    Tomorrow (7/11) is 7-Eleven’s 82nd birthday and in that regard it will be handing out free slurpees.

    http://www.7-eleven.com/NewsRoom/FreeSlurpeeDrinksLiveMusicToTheirEars/tabid/319/Default.aspx

    This has been a Public Service Announcement.

  16. Scum Bucket Bitchez says:

    This market is like watching paint dry.

  17. Q4 says:

    The Fly called out on CNBC. CNBC really is for asshats. I think you hit a nerve. Keep up the great work.

  18. vcutrader says:

    WOW! i can’t believe that s***

    Go after Art Cashin next!

  19. nerdy says:

    Can’t wait for your response to that lameness.

  20. Anyone have a link to the CNBC Fly mention? I would love to see it.

  21. vcutrader says:

    i am looking for it now….it was the last 2 minutes of CNBC reports…

  22. Scum Bucket Bitchez says:

    Unpaid anonymous blogger sez: Suck on my life-like artificial appendage CNBC bitchez!!

    • j says:

      Scum:

      this is a classy site in a way as it attracts the downtrodden, former hit men, sexual predators and garage attendants. You though are an entirely different level.

  23. bzik says:

    deep down in my gut, I sense a rally coming
    ——
    you will be gut punched on monday when DD “we move lower next week” arrives

  24. Kne_le says:

    Don’t respond, it’s just part of their marketing plan since the’ve pushed beating each other up to its limits. Now they need to beat on their own listeners as the programing goes to the toilet. At this point, The Fly wins with free media. Don’t get your undies in a knot over it.

  25. so i herd you liek mudkips says:

    LOL CNBC is trolling iBC.

    Also, Dennis Kneale, according to the handbook of The Official Internet Rules Handbookâ„¢, Rule #1, you have lost the argument.

    This is actually a pretty nice setup, we love to shit on CNBC, and Dennis Kneale is an adolescent attention whore.

  26. Scum Bucket Bitchez says:

    Al Gore is the one who jumps teh shark with the Godwin’s Law violations.

  27. Keyser Soze says:

    He’s overweight tech. My problem is tech has been outperforming since about October, and it’s the only sector providign leadership. I don’t know when, but eventually all that optimism about tech improving productivity is going to play out. Kinda like what happened to materials a couple of weeks ago.

    I don’t know when it plays out, but what I do know is that those folks who started the trend in October don’t want to give up their gains.

    Good luck keeping your nuts under the guillotine blade during the dull summer months.

  28. Scum Bucket Bitchez says:

    Hey kneale, leave a comment, lurkers are creepy.

  29. Buckeye Bob says:

    Good job Fly, getting Beaker to drive web hits on the slowest Friday in a month.

  30. FEMA Camp says:

    Dennis Kneale for camp commissar

  31. Dennis Kneale Bitchez says:

    You fuckfaces better shut up or I’ll out every one of you bastidges!

  32. TraderCaddy says:

    If you are reading this Dennis then you need to know that you are great.
    I liked you at Forbes too.
    I would like to work for CNBC (but not necessarily Obama ass kisser GE; although I could live with it).
    Contact me via the Fly’s e-mail if you need an analyst.
    I would be great with The Kahuna,The Brain,Mark Haines, and Becky Quick.
    I won’t let you down.

  33. Dennis Kneale Bitchez says:

    Ooh, ooh, whoring for a living…

  34. Woodshedder says:

    For the record, I do believe the squirrel comment was directed at Denninger.

  35. j says:

    Has anyone seen CNBC’c Maria Bartiromo lately. Man, she’s ballooned out like a Zeplin.

    • mrsbuttons says:

      irritating voice maria actually looked like an over ripe cantaloup the other day dressed in some kind of orange thing…going going gone kirstey ally on us …uh, does being from Queens make her hips look big? uh yeah..that and the blue on her collar - or is that a tomato stain?

  36. Hawaii Five O says:

    Good work Fly.

    Your comments about Dennis and his about you will probably bring more people this site and exponentially increase you infamy!

    Well done….Indeud!!!!!!

    • mrsbuttons says:

      exactly- I can’t believe Dennis would be that stupid to give all that free media advertising away…
      even though Dennis tried to make the site sound like a bunch of asstards by denigrating the quality of the posts he chose…gotta give him a few props for that…fly be happy?

      • JakeGint says:

        Hold on a second Buttons… did you watch the piece?

        The asshole invoked Godwin’s Law almost immediately — calling one commentator a “Nazi” for likening his end to that of Mussolini (a very specific historic event which spoke to the END of fascism, not the continuation, I might add).

        Granted the comment was in poor taste, but Dennis’s follow was equallyy insipid.

        _____________

  37. buycurious says:

    Excellent publicity. Time to take the asshat to the cleaners so the site can get even more publicity!!! yeeeeahaw

  38. bhh says:

    If Wood hadn’t roasted Denninger when he did, IBC would have never got that mention. Just saying, Fly owes Woody a California style IOU.

  39. Yogi & Boo Boo says:

    HUH? CNBC is still on at 8:00 PM? I thought Howie and his Hotties and briefcases filled with money were on at that time.

    • Hammy says:

      by the way, what happened to the comment rating function? I liked seeing when people rated up one of my comments. I had fun rating down the assholes’ comments too.

      If we still had that system, how many of you would give this particular comment a thumbs up?

  40. JakeGint says:

    Fly — this is the cover shot you want with the Sully “I lied” shot from Commando: “I know I told you that I’d kill you last…. I lied.”

    _____

  41. Michael Jackson says:

    Still dead.

  42. Hammy says:

    life is too easy living off government paychecks, for now. However, the difference between you and me? The government can legally order me to my death at any point it pleases.

    I promise The Fly aka Plutonium Fucker, aka HORATIO CLAWDICK: if GLW gets to 18, I will throw you a party in my barracks, consisting of $100 bills stacked up, for me, alone, on my desk.

  43. omfgitsjd says:

    Checkmate. You lose. Get ready for UN command/occupation.

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