It’s only been 3 months, but feels like an eternity. During the quarter, I has some pretty awesome trades, as well as some stinkers. Some of my biggest booked profits were in Green Mountain Coffee Roasters Inc. [[GMCR]] (29%), Mechel OAO (ADR) [[MTL]] (33%), [[CBD]] (22%), Ctrip.com International, Ltd. (ADR) [[CTRP]] (15%), Sears Holdings Corporation [[SHLD]] (26%), Lennar Corporation [[LEN]] (15%), Petroleo Brasileiro SA (ADR) [[PBR]] (12%), Ethan Allen Interiors Inc. [[ETH]] (11%), Cummins Inc. [[CMI]] (13%), United States Steel Corporation [[X]] (11%), Jarden Corporation [[JAH]] (10%) and both ICICI Bank Limited (ADR) [[IBN]] and Flowserve Corporation [[FLS]] at 8%. Within my current holdings, I still have solid gains in ICICI Bank Limited (ADR) [[IBN]] , Citigroup Inc. [[C]] , Teva Pharmaceutical Industries Ltd (ADR) [[TEVA]] and POSCO (ADR) [[PKX]] .
My losers were not so dominant in numbers. However, in sheer horror factor, they are fairly, umm, horrific. At the present, I am saddled with double digit losses in SandRidge Energy Inc. [[SD]] and Flotek Industries, Inc. [[FTK]] (both carry overs from 2009) and I just booked a 20%+ loss in U.S. Global Investors, Inc. [[GROW]] . When you take everything into account, throw it one big fucking blender, and drink it: I am up 12%—woop-de-fucking-doo. Had I put my reservations aside and just traded what was in front of me, I’d be up 25% now—without a doubt. I sold out of Green Mountain Coffee Roasters Inc. [[GMCR]] (last sale $82.27) way too early and didn’t even give my brilliant Cummins Inc. [[CMI]] thesis a chance to pan out. Oh well, time to move on.
Going into Q2, I will be looking for a whole new set of ideas and investment mantra. Even though I believe the market is way overbought here, there are numerous sectors that are cheap, deserving of my investment dollars, such as refiners and natural gas. Additionally, I believe many tech names have been overlooked and are too cheap to ignore.
If there is anything from my experiences that you should take heed from and remember, it is this: asshats and space alien magicians were not invented overnight. When Michelangelo was commissioned to paint the ceiling of the Sistine Chapel, I am sure he didn’t sketch out a few cartoons then tell the Pope to go flog a sinner. It took that magician over 30 years to complete his work. Pardon me if I take more than 1 month to finish my “art.”
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I have a massive jewish following, obviously
Yes. As you know Rabbi Shlomo reads the highlights from your blog at the beginning of every Friday Night service. He does censor some of the cuss words, though. One time he forgot to and old Mrs. Goldfarb in the front row heard the”F” word and passed out and fell on top of Mrs. Epstein who was sitting next to her.
Steve,Jr. got all excited thinking he was going to catch some lesbian action. You are also very popular with the IDF (Israeli Defense Force) from what I am told. A couple of them are members of the PPT.
P.S.Don’t forget the goats for tonight. They do not have to be Romanian.
If the dow is going to zero, i better get my blue blazer ready.
Laying on your back and earning coin for thirty years, those were the days! Like a close friend, Archie Bunker is there!!
Rock on your Flyness.
Imagine what your quarter could have been if you had put it all in SERV. Indeud.
I agree dude, that Cummins thesis was fucking brilliant, not to mention timely.
Where’s Jake’s tab? I don’t see it.
any tab that is idle for 3 days gets cloaked and thrown into the “fag pile”
“faggint” pile maybe?
ha ha ha
had to do it.
Range for the day =45 dow points
Gain for the day = 45 dow points
Range for tomorrow =45 dow points
Gain for tomorrow = 45 dow points
40 points a day keeps the pitchforks away.
Market is just plain old boring.
Every day we just gap up 45 points and that’s where it stays all fucking day.
I’m tired of this bullshit melt up.
I yearn for a simpler time…can we get an MVIS update up in here?
I got a rock.
Hello Neighbor Fly.
What time are you, Mrs.Fly, and Fly,Jr.coming over for Passover? We know you are on a diet so we will be having Weight Watchers brisket, diet Matzo Ball soup, lo cal Manischevitz wine,etc.
We will also be reenacting the plaques of Egypt. We have the blood, flies,lice, boils and everything else covered except for the livestock deaths. We hope you bring a couple of your goats over and you can do the sacrificing.
We will NOT be doing the death of the first newborn as it is illegal.
You are an official fucking weirdo. House rules: don’t mention family….. creepy fuck you are…..
DIG
(Deadmau5 is God)
Needs more Monster Soda and Oatmeal.
Who else plays that “Call the Close” over at CNBC?
I’m 150% long and getting longer by the day…holding overnite is the only way to make money in this market…not a market for daytrading…every sale has been a mistake and will continue to be for the forseeable future.
Since this market is BORING and we’re all just gonna Buy and Hold….
Can we get some more episodes of The Fly Show?
16 responses? mybe you should bring the viking back?
not that blowhard. ANYthing but that.
VXX VXX
I am in the same shit hole with you fly stuck 7000 at $23.67.
VXX = Flypaper.
Stuck in this dog shit wit ya.
We are blessed to be living in a time when we can watch a true artiste practice his craft……
Fuckin Eh!!!!!!!!!
Attention everyone: The DOW is going to 0.
http://market-ticker.denninger.net/
Fly, what you think of TSTR? Falcone going to battle against T and V
Fly …. Like your MLNX tech idea but wondering whose products they support … found a mention of HP and IBM but that’s all so far … did find a good comment re the mgmt.
QLGC is a relative bargain and provides product for DELL blades and EMC servers while VOLT the baby of the three appears to be aligned with ORCL via SUN as well as supporting server and blade offerings from Bull, HP, IBM, NEC and Fujitsu.
Have you compared to these or any others?
you get mad steeze points for throwing up some deadmau5.
I would agree
Fly — Your wins have way surpassed your losses. It is no one’s business what your portfolio entails. To be honest, I think I glanced once at your portfolio and I was looking for a particular stock. We are not positioned here on this earth plane to follow Dr. Fly’s trades. As a paying member I am one fortunate ass alien chick. As a matter of fact, I have banked more coin off your crew….. CA, Jake, Cajun, Fool, Scott, Gio, Proshares, Po po, robert, Chess, Moob, Iw, Vc….. the list goes on and on. You provide a service. A good one. The list of members is a lot longer and I know I have learned/traded from others than just the ones stated. Unfortunately, I only have time to spend max ten minutes a day checking in. My life is a quagmire right now. Ugh! Lindsay — I am not forgetting you….
EVERYONE SHUT THE FUCK UP, the market is going to ZERO, literally (slightly aggressive)
http://market-ticker.denninger.net/archives/2134-Bears-Are-Dead-Wrong-Hmmm…..html
Naw.. then nobody would be around to play the game. A game is no fun without players so no. The market will never go to ZERO. And if it does.. I recommend renting Mad Max and re-watching it.
“What a week in Washington. They passed health care, they’re talking about immigration reform, it looks like they’ve ended ‘Don’t Ask, Don’t Tell,’ and they’re legalizing marijuana. Let me tell you something, if you’re a gay drug dealer from Mexico who snuck across the border for free health care so you could join the Navy, this is the greatest year of your life.” -Jay Leno
Don’t talk to me about fag piles when you are featuring this kind of ecstasy induced turbo torpor music.
The irony is too egregious.
In the meantime, so is the irony of my third pick tonight…
“Heh” as they say in certain circles.
__________
What do you know about music?
Shit tonnes.
Why?
________
Market is still strong and this week is historically bullish, next week not so much.