Corinthian Colleges, Inc. [[COCO]] and other education stocks go up everyday, in the face of large short positions. As a matter of fact, most stocks with large short positions, sans Flotek Industries, Inc. [[FTK]] !, are melting higher, despite all of the “bad news.” Despite my reservations to risk my capital here, this is still a LONG ONLY market. I base my assertions on the irrefutable facts that this market, like it or not, is being bid up by the good folks over at the U.S. government. It is just silly to think that you can out-manoeuvre them. Trying to out-chess the grand chess players is equal to Lehman Brothers going out of business because their fucking chart sucked.
See what I am saying here?
Nevertheless, 40%+ of my assets are still long equities and they are doing great today. Some of my top performers are Equinix, Inc. [[EQIX]] , CGG Veritas (ADR) [[CGV]] , Jarden Corporation [[JAH]] and Visa Inc. [[V]] . It’s also worth noting, the dollar is rallying and big money is still being fork lifted into [[TLT]] . However, I will not bore you lemon suckers with such jargon.
Go ahead, get drunk and buy stocks. For now, I will sit here burning holes in my monitor, using only my eyes, sober and totally in control.
Disclosure: I am up 10% year to date.
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Olda
You are being disineguous with your cherry picking ancient bad picks of mine. The least you could do is mention ftk.
For the record, i made a substantial return on mvis, selling out at 4. I dont know why you refer to it as a loss.
Olda
Why should i do that? This site represents my passion, but 0.01% of mu income. I do not ask that you believe me. As a matter of fact, i suggest ignoring my advice and do what you think is best. I am not your financial advisor. Save that “why dont you post your portfolio on the site” jargon for some sociopath in need of attention.
Btw: all of my holdings are posted in ppt. Thats all
Sir Fly Man…. save your breath. Jealousy is all that it is. If someone were making the coin that you make they sure as hell would not be asking you for proof. Who gives a fuck anyway? Ban um
Ummm, the market pulled back. I identified my errors, made the money back and now have a defensive posture.
Thanks lindsay.
Sadly, too much caffeine has shrunk the Fly’s tsetsies.
fig
Very bullish action today – close above VWAP, possible inverse H&S.
Better than that the tape was good with risk names doing really well.
Lots of resistance around here but still very nice.
Totally on-board with the inverse H&S assessment – very noticeable on the 60 min continuous contract chart for the Naz (my fav).
Disclosure: I am up 10% year to date. – That’s lame and amateur to tout one’s return when things are working, but then you never hear from them when they are losing money – If I recall you were up 15% at one time. P.S. I’m up 42% YTD.
First of all, I put all of my trades here and all are timestamped with prices on PPT. So there is my “proof.”
Second of all, I post my returns because people like to know where I am.
Lastly, I posted when I was down 5% two weeks ago. Therefore, your specious argument has been dispatched, so fuck off.
Fly always posts his positions you idiot. He very much states when he is loosing money. 42% up – congrats! What type of stocks? Pennies? Lmao
olda wheres the proof?
Exactly – where’s the proof?
One thing is for certain, I take Fly’s comment about gov buying very seriously.
The fly takes a third of a ball off the chopping board after he has been benihana-ing for this whole rally and everyone criticizes?
@ OldA – F*ck Off! 42% on your 10K account doesn’t matter…
It’s actually a $100 account…and how much money is Fly running, Austin?
Olda
What is your agenda? If it is to annoy me, let me know so I can ban you now. If you have an actual point to make, let it be known.
My point is why don’t you put up a portfolio so that we can all see it – real time? This way you wouldn’t have to claim your returns, we would all see them. You say you post all of your trades anyway? You have IT people, it isn’t hard to do? Of course, posting a trade and actually executing a trade are two different things – so there is no proof, PPT or not.
You’re acting like a cranky old man with no toofs.
Moobs, the shades are not dark enough – we can still see – no pupils.
Thanks for your concern about my well-being. I can tell you are a good-hearted person, the kind who roots for people to do their best and enjoy success.
Indeed, my pupils are still unattached; however, the medical team is prepping the installation as I type. I booked $18k in profits today for myself, and an extra $4k for my mom.
The PPT is helping me make some good trades, even informing my trading on my old fav.
OldA- I’m not sure what you are trying to get answered. In the PPT fly posts his buys and sells real time and also has an ongoing portfolio with his current positions. On ibc he shares his thinking out loud along with stock picks for free. I’ve been following ibc since the market crash
in summer of 2008 and have been on the PPT since it was started. I’ve never seen fly be anything but transparent and real about his trades. I know there are others on the internet where that is not the case, so I can sure understand people being skeptical or cautious of internet bloggers.
But as good as fly is at trading, for me it’s not even the point. His macro views on what is going on have helped me look at things differently, and his approach to identify and pursue themes has also been helpful. He has put an incredible amount of time and energy into developing the PPT, and it just keeps getting improved by the month. Personally, I think fly succeeds by making us better traders with our own styles, rather then making us successful by having us follow him in and out of trades. In fact, he often will see an idea from one of the traders on the PPT that he decides to trade after taking a good look at it.
If you’re implying that fly is not truthful, or is making up his trades, I’ve never seen anything that would support such a point of view. Again, if you’re just skeptical, I can understand that. I was burned badly after following an untruthful blogger in the past.
There is proof. He has all of his buys/sells within the PPT. Ur just riding off the free picks anyways, so why do you give a fuck?
According to his buy sizes and percentages it appears to be in the $20-30 Million range but no idea if that’s his personal account or not.
On a side note, if you are up 42% for the year, your risk profile is off the charts and that my friend is retard trading. Unsustainable.
In which case, just close your books for the year and take a vacation.
Or go eat a sandwich.
But when you were up 15% inside of three weeks of the year, and then gave it all back, that was great risk management?
OldA, get lost, go back to the old country and wrestle a leprechaun.
“Trying to out-chess the grand chess players is equal to Lehman Brothers going out of business because their fucking chart sucked.”
I laughed out loud and snot came out of my nose when I read that line. It’s just fukin funny!
@ Artist,
snot coming out of your nose !!
if its not your womens snow cross athletes shooting snot rockets out while waiting in the starting gate your snotting while laughing … wtf is going on in the US
The Fly
I’m considering ppt, but keep getting hung up on little things like MVIS and XFML and NTRI from yesteryear…
Not trying to be a dick, those just happen to be the three times I took your advice (and NYX, except you got out of NYX). Bad luck, I know –
Would the ppt have condoned those adventures?
LOL…
Are you really allowed to make financial decisions for your household?
More coin is flung on this site on daily basis then should be free or legal.
As much we love the Fly, the PPT is about more than Fly’s tips & buy/sells. Its a whole community of very smart traders who post trades in real time and ideas and research reports,etc… There is absolutely no point not to try it for the $35 for 1 month just to see it. About 13 months ago I signed up for 1 month, when that ended I switched to a 6 month plan and am now on my 2nd 6 month plan and when that is up, I will probably just go for the year. Regardless of the 6 or 12 month plan, I plan on using the PPT until the interwebs no longer work. At this point, the PPT will outlast the Fly’s lifetime! It has taken on a life of its own, in a great way.
No no…. I don’t want these idiots on the inside. I stay inside the vault and rarely come out here. I hate a lot of the people that post out here. Keep them out here.
@ Tobias – the PPT is more like $50 a month now
Old names- I agree with what Tobias said. I just renewed my yearly subscription to the PPT and like Tobias plan to use it “forever”. Not sure what your trading style is. If you like to have specific picks identified, Scott Bleier’s blog on ibc might be another place you’d like (as well as other ibc bloggers who identify some good stock picks). On Scott’s morning radio show which you can watch from his blog on ibc- you can enter a stock you’re interested in and he’ll respond with a recommendation on an entry and exit point if he thinks the stock is a buy. On the PPT you could follow and place trades made by other traders, but they would rarely be posting their ideal entry or exit points. So as Tobias said, their buys would be good as ideas for you, but you would want to get comfortable with the PPT scores and PPT screening tools- as well as your research on the fundamentals or technicals (whatever your trading style might be). It took me a couple of months to get used to the PPT tools and scores.
The PPT site is a lively community where many different trading styles and approaches are going on.
I agree with Tobias about trying it out for a month to see if it’s a good fit for what you’re looking for.
Hope this is helpful. Lindsay
Cramer is whining about tech stocks not running up. Someone needs to call him and let him know the PPT beat him to it.
“big money is still being fork lifted into (TLT: 91.34 -0.04%)”
I’m a n00b. Where do you find this information?
Thanks
Hi Caveat
One site where you can see volume by the minute, hour or day is http://www.freestockcharts.com/
If you haven’t used it before, when you get on the main screen you just type the symbol
for the stock you want to view. When you type in TLT you will see how during the last several
days the volume traded was around 4 million with net buys on 4 of those 5 days.
go google treasury auctions
What kind of bullshit is this? Just goes to show you that the
entire world financial system is a fraud and a sham.
How would you like to be a Prudential shareholder or policy holder?
http://www.marketwatch.com/story/uks-prudential-in-talks-on-aig-asia-unit-2010-03-01
It seems like if the past year as been a “High-Class Beaver Bang” (HCBB) for the shorts, then these 1st day of the month rah-rah rally’s have been the additional “.45 in the mouth” for the burlap clad men. Get your copy of “‘Bots Gone Wild” for only 9.99. I really have nothing of value to say. Just mortgage your house and sell naked puts.
Gen pop outside of the PPT is a bunch of plebs.
Thinking about some fas puts right about now. Where is the volume on this crackhead rally. I just cant buy it.
Consumer is dead!
Unemployment is much higher then reported.
Social mood shapes markets and the country is pissed ie gs
“Obama” could be reason enough alone.
Sovern debt contagin.
Rate will have to go up one day.
Just to name a few.
This period in times reminds me of when I had my broker calling me up to by citi and Aig on the Bear Sterns dip.
Maybe Im dead wrong. I hope I am for I am too heavly invested in the us through real estate and my business.
I’ll take the other side of the education trade and add to my short APOL position
DNDN rocketing on the FDA news
Short DNDN at 33.95 to make some quick coin
Or lose some quick coin — but I expect a pull back after all the chasers jump in
ROFL
you…you’re good…You gotta gift.
Fly,
I’ve enjoyed the rantings while lurking for the past few weeks on this website. Did you ever get back into PBR?
Let me ask any of you bears a question. Despite the Greek fiasco, and all the negative stuff you guys like to focus on we’re still only 300 points away from the previous old highs set in January. This comment isn’t to point a stick at you. But what are you thinking will be the catalyst to get this market much lower as this looks to me like a cork in water. You push this thing down and it still pops up.
Honest question here.
cycles, we are in the back side of a cycle, the down side, there is nothing anyone can do about it. The market is going down regardless of any pumping or stimulus. No one, and no country can pay back borrowed money with borrowed money that they borrowed to pay back even previously borrowed money, knowing fully well that they cannot pay back the loans. And that is where everyone stands. It will collapse.
This is my own opinion, and if you want to know some more particulars, I expect the DOW to be below 7000 by years end and lower in 2011 and even lower in 2012. In fact I forecast the DOW below 2000 by mid 2012 if not before. This is just the other side of a cycle that is already set in motion and was set in motion decades ago.
Grim, but that is exactly what I see, in other words I fully believe 2010 will, if looked back in history 20 years from now will have been the 1930 of earlier, in that this will be the starting year of our own great depression, but unfortunately I am in the minority on this forecast, but I am preparing for the worst here and I don’t care what anyone else thinks or says on TV.
I view our credit orgy we just went through from 1999 -2007 as a mirror to the credit orgy from 1921-1929, and we all know what followed.
If you throw a baseball up, it will come back down.
Thanks Cash
Second time this AM- no SMH available for shorting.
Have to go with SSG.
Unemployment will continue to be high and rise
Explosion of fiscal deficit
A massive and totally unprecedented expansion in its monetary base followed by a contraction in bank deposits
Since the beginning of the year bank lending has dropped by $100 billion, an annual decline of nearly 16 per cent.
Most consumers are tapped out
jobs being “created” by the government are outnumbered by those being destroyed by government domination of resources
Goldman was actually the wone that was bailed out through payments through AIG which was rescued Goldman also profited off of credit default swaps to a very large degree.
Paulson, Geitner, Summers, Bernanke, Bush, Obama, etc. All ivey leaguers with their own private clubs. most have alligences to GS or citibank or another bank.