Don’t get me wrong: I am not looking for a market cascade, reminiscent of 1929. All I know, when my accounts are roaring to new highs and my level of “obnoxiousness” is at an all-time high, it’s time to chill the fuck out with the buy orders, in exchange for a stiff drink and loose times. Out the gates, once again, the market is melting up. Due to quadruple witching, expect to “enjoy” lots of volatility during the trading session.
First thing this morning, I sold out of my Western Refining, Inc. [[WNR]] position @ $7.75, which successfully bookends my endeavor into the hurricane trade. I will buy the bastard back next year, same Fly time, same Fly channel.
Flotek Industries, Inc. [[FTK]] is acting like a boring baby. No one likes boring babies.
My cash position is just north of 30%. I will continue to sell the rips and buy the dips. I am done chasing momentum.
There’s not much more to say, so fuck off.
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Fly,
When the dollars turns and starts going up again, do you feel the obvious/best play be to go short ? Everything has been so tied to the dollar lately. Or do you feel it’s still a news driven market, and earnings season will decide?
no shorting this market. just cash
yeh, I knew ol’ Jeremiah, he always had some mighty fine wine.
FUGG
You had an amazing run Master Fly.
Have a nice weekend 🙂
Sold the rest of my dead cat bounce position in AEZS at 1.26. Fuck that POS straight to hell now. Added a bit more AURD. This thing could be my own personal FTK before it’s all over.
~40% cash right now with an eye and not so itchy trigger finger on ANAD if it decides to BTFO.
Fly,
So you sold the crying boring baby or you do not like it anymore?
Cheers
Fly and friends (us) own the fucking float. Someone has to make a formal takeover offer and then we hire Morgan Stanley or Gold sack to do a fair value analysis.
Fly’s the Chairman, Jake is the CEO, Yogi and The Real Hmmm are the independent directors.
who’s the janitor? someone has to clean up after the party….no?
LOL… I like the idea.. you have my shares then..
i am an FTK addict.
Everybody’s smoking FTK. Must be some nice quality shit…
Fly,
No kidding I reckon we own 120% of the company which totals the float+the shorts.
Are you still holding UTSI?
yes
I reckon we own a fair size of the float. If the lurkers and the regulars really fessed up to their holdings it could possibly double is a day as it would scare shit outta the shorts. Lol
Actually the SELLING and BUYING never stops. It’s all about repeating performance, thus it never ends.
You must continually buy and sell and have more profits than losses. IT’S EASY!! Stocks travel in channels blah blah blah crap shit fuck!
Bullshit on that, It’s hard as hell trading for a living! Lesson is: Raise capital while reducing size/volatility after a good run. Thus your selling overall while beginning to position for the next leg with buys at the same time.
I sold 60,000 DVAX @ 2.12 the other day and I still own some, but I bought 2000 RINO just now @ 14.60!
RINO call of the day/end of week.
start building
If the Fed/Government puts a limit of bankers pay, isn’t that shareholder friendly seeing a large portion of the expense side is compensation?
what would be shareholder friendly is the Banksters just being honest and not using peoples deposits to back bullshit that the “banksters” know fully well in advance is a shitty investment?
how ’bout that?
That would help a little
This is for you Fly.
http://kanyelicio.us/http://ppt.ibankcoin.com
that’s fucking hilarious
RINO add 2000 14.40
Fly,
You think it’s a good time to buy TSO now? Do not forget I am still in the learning process..
Thanks
Did you join the PPT yet? Yes, I’m sounding like a shill. If you have Fly posted a comment about TSO. If you haven’t 1 bad trade will pay for 5 years of the PPT.
Depending on your level of commitment, it could take some time to get up to speed, since there is so much information, and it can be tailored to your particular style of trading. The profits from one trade or avoiding losses on a bad trade will pay for the service for years. The insight you will gain into becoming a better trader will be priceless.
That’s really the point about this place. I’ll rant about it in the PeeGee when I have more time.
Thanks for your input. I will consider joining PPT.
Be the bid on RINO down here near 14
I’m a demorat so I’m thinking about buying some RINO.
Henry, like the set up on RINO, averaged in at 14.19, looks to be some support at 14$ no?
1st sell target 15.50 or therabouts? Thats what I’m thinking….