Omnibus Locis Fit Caedes
The Overall Hybrid Scores, under 2.30 and 3.00+, since inception, and how they nail the trading ranges.
Hat tip: RC
If you can look at that chart above, then look at me in the face, via looking at the screen, and say “you’re not a space-alien magician,” then I am wasting my time here. If you are still losing money and/or not participating in this rally, do yourself a favor and go shoot yourself in the face with an idle howitzer; because you are wasting my time, pal. You are definitely better off reading the wordy crap, on some of the permabear aka “idiot blogs” than here.
Let me remind you, I don’t care what our government is doing or what wrongdoings the Godly folks from Goldman Sachs Group, Inc. [[GS]] commit. Like Goldman Sachs Group, Inc. [[GS]] , iBankCoin is doing God’s work, by helping you, the internet moron, make some money in the market. Essentially, we try to even out the playing field, sort of how a life-preserver works wonders for people trying to swim, without the luxury of arms.
As an aside, there is an old saying in the newspaper business: “if it can’t be said in 7 words or less, it should not be said at all,” pertaining to headlines. I strongly advise many of you “third tier players” adhere to such words of wisdom, for you are looking like regular jackasses.
At any rate, if I may, I sold a variety of stocks. For the record, I sold half of Mechel OAO (ADR) [[MTL]] @ $21, all but 1,000 shares of POSCO (ADR) [[PKX]] north of $116.90, 75% of my Jarden Corporation [[JAH]] position north of $27.35, half of Ctrip.com International, Ltd. (ADR) [[CTRP]] @ $63.30, half of Equinix, Inc. [[EQIX]] a touch under $96 and all of my TEKELEC [[TKLC]] because it simply is not working.
My cash position is now about 40%.
Current positions worth noting are: Flotek Industries, Inc. [[FTK]] , ICICI Bank Limited (ADR) [[IBN]] , Ciena Corporation [[CIEN]] , Equinix, Inc. [[EQIX]] , [[ENTR]] , Corning Incorporated [[GLW]] , [[MWW]] , IAC/InterActiveCorp [[IACI]] , Aracruz Celulose SA (ADR) [[ARA]] , Vimpel-Communications (ADR) [[VIP]] , CGG Veritas (ADR) [[CGV]] and Chipotle Mexican Grill, Inc. [[CMG]] .
In short, I did the heavy lifting last week, by buying stocks when it was unpopular. Today is easy, rewarding myself through profit taking. I will reevaluate my positions/thesis and prepare for another round of market mastery.
NOTE: The Overall PPT score is….(Oh, that’s for subscribers only, pal. So sorry).
UPDATE: I sold out of DryShips Inc. [[DRYS]] @ $6.27
The PPT is precise and succinct and brief and rewarding for even the small retail guy. It is less filling and not too many calories. When will the Fly start a closed end fund so that we can just buy and go on vacation?
Never.
I have bigger plans, like seizing control of whole cities and burning its citizenry to the ground.
FWIW, the cities full of bears and short sellers have already been raped, pillaged, and burned to the ground. Sometimes repeatedly. All that’s left are a few shell-shocked shriveled old men, dressed in rags, muttering incessantly, “The economy is doomed…” as they pick through the rubble.
lol. I can visualize that, sort of like that old Twilight Zone episode when the guy survived a nuclear blast and all he wanted to do was read. Then his glasses broke. ROFL
Holy shit I need a rape kit. I had to run for cover and take my ass whipping. Covered most of my shorts. Still short GE, BAC and APOL.
Went long a couple names right at open. Hoping to play the hurricane. Bought GIFI, OII, TTI, and DVR. If the storm does some damage to gulf oil facilities these names should benefit
Moe
For the love of walnuts, quit killing yourself. The game is rigged. Stop thinking you are going to unrig it with inane orders.
Why are my buys inane? Shit TTI is up over 17% today – because of earnings but hey I’ll take it. OII up nice too
You are selling when you should be buying, vice versa. Just take a step back and focus.
Thanks master. Focus Daniel Son! Focus!
In Oct, The PPT hit 2.98 at the very top of the range, a little fyi for you.
Wouldn’t it be easier to re-calibrate 2.1-ish to be zero and 3 to be 1.
If zenith and nadir are 3.0 and 2., it is sort of wierd….easier to be 1 or 0.
to each his own….
Well, no.
Not if you are thinking cyclically, which is how markets operate. You sell high and buy low, no?
_______
Fly, is the 40% cash position about the level you’re looking for even if you believe the market is topping out, short term or not?
40% is just about as far as I can go. I can sell another 15% if needed. But, for the most part, this is a full cash position for me.
Moe:
Why one earth are long term positioned short in this market? Don’t be another devil dog.
And it feel so good to be baaaaack.
Good stuff, La Mosca;
I am man enough to admit you nailed this dip…
When that hostile bid for FTK coming along? Just give enough time to SHORT IT!
WHuahahahah…yeah
Cheers mate!
FLY hires new commodities blogger – redeems “cool” status.
lol. Gee thanks I was worried about my “cool status.”
I sold my long Aussie, Aussie Euro and Aussie yen positions on the back of the PPT hitting 3. Look to buy back if it gets back down to 220. easy as fucking punch.
Even in currencies this thing is a money printer seeing everything is now correlated to one.
Thank God I bought GLD during the summer in July at 89 and stuck to my guns and held the fucker. That along with HYG, TIP and a few other select long trades have kept me alive. I have also been in and out of a few shorts with good timing. But I will say that this rally has kicked my ass! Hard, very Hard
Can I be frank with you Moe? You’re doing the same shit, turtle breath is doing (timmey). You think you can figure out the macro stuff when you really don’t know shit about economics and then short stocks that fall into your macro view.
Oh, and you are the fucking omniscient economist. Give me a break! Fuck you j.
Of course I short stocks that fall into my view. I buy ones that fall into my view also. What should I buy or short stocks that don’t fall into my view?
Fuck off
The bears have been correct on the economy but all it’s done has lost them money.
The market is not the economy and visa versa.
If you can pick on Moe for anything, it would be that.
Two things –
1) The dollar
2) The market is a discounting mechanism.
_______
There’s more but trying to keep it simple
Did you take a loss with the DRYS position?
yes
How abjectably moronic….I called that one Bugman
Do you want a candybar?
Out of my 30 positions, you choose one. Great job.
Only one of your positions I ever voiced an adverse opinion of . You stated I was moronic and backwards looking . Baltic Dry was the tell.
Take some SRS and put it in your back pocket . We will talk about it in April .
He blew the AMD trade as well.
Find me one trader that’s right 100% of the time.
I can’t count the number of times I’ve been wrong but I don’t let any one trade bury me.
Recent example for me would be RIMM but I dumped the short put spread and moved on before I lost much on it.
They are just memories now. No point in dwelling on the negatives.
Onto the next one
–Jay-Z, 2009
I’m sorry, but when you switch to “Dr Fly” — especially in reflection of pique — I have trouble keeping my kidneys from a “mirth-malfunction.”
_____________
Candy bar? No Ibankcoin doormats? cheapskate !
I will send you a set of steak knives.
DUCK!!!
So let me see if I get this straight. If I join the PPT I will understand how to make a 40 or 55% cash position really be a 100% cash position?
It takes big cajones to buy when so much fear in the market.
I am long only. And, since my aum are more than the 5 figures that most of you manage, it’s almost impossible for me to justify a 100% cash position.
I bob and weave, that’s all.
Nice chart. How did the PPT composite do during the crash in 2008?
I’m betting the lows DIDN’T “nail” the bottoms during that point in time …
When you get a chance, let Woodshedder compare it to the 2-day RSI on the SP500 index …
.
I finished it at the end of 2008.
But, I was working on it for most of 2008.
There is no data. But, I will tell you, I NAILED the crash of 2008. Ask anyone around here.
Free market capitalism is the best path to prosperity
Things are getting worse out there. Only one chick bought me a drink over the weekend.
That’s horrible newz
Dave — the answer could be internal rather than external.
Have you checked your palm flower recently, for example?
________
I’m too good looking to die. Most of these girls say I’m 6′3 version of Brad Pitt.
And by “girls” you mean “trannies of similar height?”
______
I don’t even bother with chicks over 25. There’s little chance of running into a plum smuggler below that age.
LOL. awesome.
____
I think I just got banned from the PPT for not wearing proper boardroom attire. I am unable to log in.
update – my proxy server at work is acting funny, not iBC’s fault. hooray.
email me
flybroker at gmail.com
it was a problem at my end – the proxy server at work and Google Chrome weren’t playing nice.
I am able to log in with Firefox and get my PPT fix.
Thanks, Fly.
Why was PPT 3+ in mid-July, after which market continued to go up? Are you concerned same thing is happening today, as BB continues to backdoor recapitalize banks through each OpEx?
yeah, that was the one exception to the rule.
That’s why I said this is a “long only” market.
Worst case: I miss out on a few % to the upside. But i will not lose.
Like your blog, like how you think. I’ll take the “over” on your wager. I think this short squeeze still as room to run this week, and I think we have yet to see the highs of the year.
We shall see.
http://www.timesonline.co.uk/tol/news/world/us_and_americas/article6907681.ece
MUST READ!