Short Sellers Trapped on Egregious Bus, Nov. 5th, 2009
They unravel the “dollar carry trade,” in order to lure you into the burning bus. Once in the bus, you are looking around, like “WTF.” Then, it hits you: “holy crap, this bus is on fire.” In a panic, you run towards the front of the bus, in an effort to escape; but it’s too late. By now, this guy is driving it and there is no way—other than death— to get out.
The market is embracing “King Dollar,” as if it meant nothing. Hell, just yesterday it meant everything. This is an important lesson for you trend followers: they are made to be broken. They work until they don’t; you’re rich until you “Nick Cage” yourself into bankrutpcy court.
Stocks are roaring higher, thanks to all of the fodder on the short side. They ignite share prices to the upside, better than any positive earnings report or economic statistic. Look you, I told you before and you chose not to believe me: “The Fly” never loses, ever. My competition, although interesting in a retard in the swimming pool sort of way, are not in the same league as me. I hear voices, ladies and gentlemen. I see shadows, near my favorite urinal— and they chain-smoke cigarettes. To hell in a hand basket, I am a friggin’ lunatic and should be caged for proper and thorough examination.
Luckily for you, I am still free to walk around, without the luxuries of sleeveless dinner jackets. Enjoy it while you can pal; I offer no promises.
In closing, I didn’t win because I am smarter than you; which I am—but that’s besides the point. I won because I blog from the future, all thanks and praise to my plutonium powered time machine.
Top Picks: Equinix, Inc. [[EQIX]] , Chipotle Mexican Grill, Inc. [[CMG]]
[youtube:http://www.youtube.com/watch?v=69PcbIxF-04 616 500]Fly Fun Facts: Today is both Grandpa Fly’s birthday, rest his soul, and my anniversary—bless mine. In other words, today’s melt up was a gift from the stock Gods to me.
One More Thing Before I Go Update: Remember this chart from last week, via The PPT?
Indeud.
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Fly your pic has been posted…next we will be uncovering who on your blog roll molest dogs…
Good time to add to shorts here ahead of the employment numbers????????
i think i will dip my toe in and pick up some way OTM SPY Dec puts. Shit they are looking pretty cheap with the Vix getting hammered
T MoE”
I have you saying in the comments section, back in March, that you will not cover shorts until Dow 5,000, when the Dow was at 6,500.
In other words: STFU
The Dow has breached the 10,005 threshold today as foretold!
Commence cursing at will gentleman and women of the seas or streets.
…or was that supposed to be 10,500
Technically we are at the top of CA’s bear flag so it should be a profitable short tomorrow…assuming the pattern holds of course.
Fly,
What’s with the volatility in FTK? Is it just people betting on one side or the other of this share dillution business?
Was not Grandpa Fly the first in the “Fly family” to kick a gentleman down some stairs?
He did indeed.
I said it and I was wrong. I know better than to keep stepping in front of a train. i covered and got the fuck out of the way. I was tired of getting kicked in the teeth. Took my ass wipping and not afraid to admit that i buckled. I am a perma bear not an idiot.
“TMoe says:
November 5, 2009 at 3:34 pm
I am a perma bear not an idiot.”
What is the difference? Being perma anything is the very definition of being an idiot.
just because I am a perma bear does not mean that I don’t go long certain names at times. when I see the opportunity i hit it. But on the economy as a whole, I will remain bearish until the truth prevails and the people realize that they are being screwed by the crooks and they revolt. will it happen in my life time?? I hope so. Nothing has been fixed, the same shell game is being played by the same hucksters. Wake up America!!
the market will remain irrational longer than you will remain solvent
I am a perma bear because I believe that eventually the truth will prevail and the crooks will lose
You need to perma learn how to reply underneath threads Moses
Bad guys always win in real life, silly. You watch too much tv.
I don’t watch TV. Except for CNBC feed that i ocassionly through my trading software Mostly during earnings season. fools watch TV
Read the first chapter of ‘Reminiscences of a Stock Operator’
They are all just numbers and you win if they go your way and lose if they don’t.
Nothing else matters…
Jesse livermore. Nice!! I guess things did not go his way as he committed suicide.
Actually I think he lost everything a few times(and gaining it all back) before commiting suicide.
He was still one the best traders ever and the advice is still correct.
totally agree!!!!!
He was the man of trends, timing and patterns
actually, I hated that book, as it was written by a man with the writing capability of a 5 year old. I am snobby like that.
I like the archaic writing, m’self.
Stylized, wot?
_______
How do you like reading JakeGint?
Very much, thanks.
_____
You?
_
Drudge has a pic of a “nekkid” bear. EYEEEEEW!
STFU indeud~!
Don’t try to get ahead of the curve, when you have no idea what you’re babbling about~!
Fly,
What does your time machine say about this mkt? are we in the 3.0 territory ? Otherwise, we continue to gobble gobble. BTW. GOBBLE GOBBLE!
Wouldn’t you like to know?!?
Subscribe you cheap bastard (bastard is NOT a curse)
Subscribe, ye woman-freight of an unclaimed pater!
________
There could be a fly in the ointment if this communist bullcrap gets passed.
__________
They are fools. Climate cannot be controlled by men. The patient needs a transfusion and they are going to bleed him…. to death, maybe.
What was that guys name from Bush 1 admin who believed that the world was going to end soon so he thought it would be ok to mine and log the natl. parks? Kinda like the people who can’t afford heat so they start burning their furniture then parts of the house.
The technology exists to utilize clean energy across the globe. I say we go for it.
Al Gore is a bore and a phony. He is making tens of miilions off this “carbon tax” scam. It isabout power and money, not the environment. The sun spot activity correlates with global warming and cooling periods and the CO2 appears after a warming period. A cooling cycle may be under way now. These same fools will try to work an “ice age” scam as soon as it is clear that they have been wrong on the warming.
The world isn’t always as simple as hollywood likes to spin it. I don’t view energy policy as an Al Gore issue. It’s economically a poor choice to continue to repress the expansion of more intelligent forms of energy production by forcing everyone to use their limited existing systems that burn oil, gas, and fossil fuels for the bulk of our energy production and use. Our system is just already set up to maximize it. It’s better to even out the mix with more brilliant technologies available. The carbon burning will always be part of the mix, but for it to dominate the energy spectrum is wasteful, cost prohibitive, dirty, moronic, threatens our very national security, and will just cause too many young men to die on the battlefield long term.
The compact that existed previously between NATO nations to ensure western civilization had an economically stable energy policy and rationale mix was broken in the mid nineties and has had a significant negative effect on economic stability of the United States. Our answers on these questions were already calculated in the 50’s by the department of energy, but unfortunately we were hoodwinked into straying from an intelligent path of energy independence. The straying from the intelligent path was all about – you guessed it – corruption.
There’s much more to the story than a lot of people think. The environmental concerns are significant for all the technologies. That is a fact of life. The system may need a little leadership, direction, and the permission to start thinking in terms of more intelligent uses of our resources. This is all part of our awakening and the bright future that our nation has.
Yeah yeah yeah – tell it to your leader, Obama. North America has enough oil/NG to be energy sufficient. Free private enterprise to driil driil drill – that’s an energy policy. FTK Al and Obama.
LOL. The oil gods already have significant stakes in the new technology future. The destiny has been predetermined and has nothing to do with Democrat/Republican. You are talking your book now, but not being rational.
A pox on both their houses. FTK Boosh too – he elected Obama.
just did a 100k shares of TZA starter position. Would like to build on this if conditions warrant. Will be out if it dips bellow $12.45
You’ll bellow alright.
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Only 100k shares. What a pussy.
That is a lot of money to me.
picked up some Dec SPY puts into close and shorted BAC at 15.15.
Remember when CAP said he would suck his own cock if the market hits ten- five before XMAS?
I banked some nice coin with both RAX bought @ 17.40 and Direct TV @ 27… Holding both…
who was it that said ” im afraid of this market ” , the man who is on the sidelines but is too busy trying to look good , you suck.
WHO ARE YOU, some sort of internet watchdog?
Yes he is…..some sort of interweb watchdog. He is a top agent of IWD out of the Antwerp HQ. These are real serious people – you don’t want to mess with them – believe me.
Here’s what happened to the poor bears today:
http://www.dailymail.co.uk/news/worldnews/article-1225042/Germanys-bald-bears-Fur-disease-afflicts-Dolores-baffles-vets.html
< 2.25
Like Colt 45, it works everytime.
my FAS likes me ..but i wont bore you with my joyfullness–or blissfullness… but it looks to me well never mind,dont want to bore you with those details
Where indeud can that chart be found of which you speak – member ppt?
Could use a time machine space alien timing indicator!
Will small caps see increased buying interest now? They have been dead in the water as you predicted a while ago.
Next time the lawn mower guy comes over to butcher your lawn, have him take a look at your market metaphors as well. I am sure he can help clean them up for publication.
UUP doing fine, as are the calls.
Edwin Lefèvre is still being read today. You have yet to write anything that is not entirely disposable.
Edwin can suck on my cannon balls, as could you. Don’t think for s second you are worthy of talking to me directly. Next time you have words, email them to Woodshedder and he will let me know if you are worth talking to.
Thanks
Dr. Fly
As an aside, how did your shorts treat you today, boy?
Al Gore is a little bitch. His VC firm is a joke. They wouldn’t even review the business plan I sent in, for an experienced firm that has patented technology capable of converting toxic bio-waste into clean burning hydrogen fuel, efficiently and profitably, on a small enough scale for the average farmer. Fucker had a chance to help prevent methane from being released into the air, with payback in only 3 years. PR stunting asshat.
Anybody out there know any real CleanTech investors with access to $15M? Please email me @ jcamden20 at gmail dot com. Would really appreciate your help….
Why not get busy instead. Dive into the Fed & state pork legislation passed in the last 2 yrs. All kinds of grants, etc. Get it to the next stage. Early stage investors will want more than you want to give.
Agreud.
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Nice…
Take it personal my fav Ganstarr track..
dude… you don’t know which way the wind is blowing. a couple days ago you were frightened. now you are big and bad again. jeez… here’s a clue for your future, numbnuts. http://www.youtube.com/watch?v=a6MGunUy8fY
Actually, I help my ground. Everyone gets scares; who likes losing money. The difference between you and me: I was 90% long going into today, with zero shorts, while your account was down 50% yoy, all short.
Happy anniversary, Fly.
Thanks
OK, this is legit crookery for you sadists out there. ATHR insider trading.
http://www.eetimes.com/news/latest/showArticle.jhtml;jsessionid=DISTG5ICHNIX3QE1GHOSKHWATMY32JVN?articleID=221600528
good piece. and it goes on and on. one thing i do know… all this bullshit criminality will come to an end, and with it, wall street will burn to the ground. good riddance.
too bad the bush administration took out the twin towers instead of goldman sachs.
TOTAL SAV. u make me consider unretiring from stocks for the year. fly is a fucking beast.