I sold out of 50% of my [[TLT]] position and started to reallocate said assets into stocks.
For the day, I bought bountiful amounts of Johnson Controls, Inc. [[JCI]] , Fuel Systems Solutions, Inc. [[FSYS]] , The AES Corporation [[AES]] , TriQuint Semiconductor [[TQNT]] , Flotek Industries, Inc. [[FTK]] and a little Eastman Chemical Company [[EMN]] .
I have a list and will be checking it twice. I do not expect to make a killing, buying up here, after a monster run. However, at the very minimum, I expect to outperform the snail paced [[TLT]] and retarded money market accounts.
In short, I am done with “The Hugh Hendry” despite its grandiose reputation in the burlap community. I am a trader, a mover and a shaker of sorts. I cannot and will not sit idle, watching you fucking morons bank coin, while I marinate in dust.
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The Bond Market was putrid today. Volatility in General Sucked fat donkey cock. I was stuck in trades all day.
Welcome back Fly
bonds are for grownups, short timers shouldn’t dabble in what they don’t understand.
For buying at the top you might change your website name to something like Ineedcoin or Iworkforcoin or Iprostituteforcoin
Your mother sucks moose cock.
And you can change your handle to “ilikerod” or “microrod” or “norod”.
Good day, sir!
bear trap:
http://www.youtube.com/watch?v=RIfzVEreB_I
(RIsk trade) Canadian and Australian dollars looking crowded long. (Safety trade) Vix and Yen looking crowded short again.
XLE still holding massive bearish 60 min megaphone top.
SLX and IYR are continuing to underperform other sectors. And as steel and real estate go, so go copper–and the entire materials sector. If these 2 don’t at least catch up with other sectors soon–everything inflation driven is on the chopping block.
A great famine will sweep the land, causing us to press chickens together around strips of bacon—in a most paleolithic way.
http://www.youtube.com/watch?v=W8S83GLrkaY
Interesting development indeed. All signs point to yes. Even though it flies in the face of sanity and reason, until they raise rates this market is likely to go straight up.
Where is the new blogger?
RIP Guru
ditto
Rapper guru died yesterday
tgarfield says:
February 18, 2010 at 4:20 pm
I’ll bet you buy higher. 120 is the target on the spy.
__________________
I knew it would happen and the target was always 125-130. I didn’t want to bet too high at that time.
Johnson Controls just moved a bunch of Mexicans to Slovakia. I saw a bunch of them at lunch today.
Labor here is mad cheap.
Hallelujah. Angels are singing.
True
RIP Guru
Every futures index, including nasdaq, is set to open BELOW april 15th highs in 1 hour.That’s the best aapl “blowout” earnings can do???
There’s only one way they can keep this rally going :an overnight euro squeeze
http://www.youtube.com/watch?v=krudM4kHZt4
But, I don’t see that happening, unless the Canadian and Australian dollars can make new highs
With API data showing less oil supply, CAD could cont run playing into possible Bte EIA data tomorrow. The OZ will benefit from Europe bte econ data last night that it needs to price in…but it has a lot of resistance at .9400ish….Europe had a party last night on Zew, so with jobs data tonight, even with AAPL party, I would expect it to be a bit softer……but the big question, will the buyers come out and buy the Shanghai Comp tonight? And will the smack down of Steel Makers and Ore Dealers get closer to some type of truce, it is just so crazy…copper rallied last night…seems to be getting weaker.
Oh and Westpac leading index of course…really curious how China is going to move tonight…
Aussie Data was ok, and UK unemployment data beat…yet so far the eur/usd at .13430ish…Oz stronger but not that much. The Shanghai Comp ran up into close to over 1.8%, but Hang Seng which includes Hong Kong actually closed down….europe is soft even with data….not that giddy rallies over AAPL so far….BHP is being investigated…just dull overnight…btw Shanghai Insurance and Property over Mark Morbius comments were strong and even copper closed up, but Rebar on futures down in Shanghai….so Pana no big highs in Oz….futures aren’t that strong either right now…
Didn’t you tell us at some point it’s a marathon, not a sprint. Seems like it is so important to step back like you did, take a break from trading, and re-examine the market –and role model that for us who want to run a marathon. And to say repeatedly to us “manage risk you idiots”. How many people in your role continually look out for their community like that?
You’re one of the best stock pickers and thesis identifiers out there- who also has integrity and who looks out
for people to not blow out their accounts. During your so called “break from the market”– from what you posted and seeing all you did in the PPT- you took care of your clients, your businesses, your employees, your health, and put God knows how many hours into upgrades to the PPT.
The PPT is roaring along, your team is great, and you got a chance to remember how energy depriving and distracting it is to spend time thinking about how corrupt and insane the whole market is.
Drink tea, buy stocks, call Hugh Hendry with your favorite “stock pick” and record his response for us, write a novella, bring back the pelican before hurricane season, and enjoy your life.
As one of my favorite kids would say “it’s all good”. I say “well done yet once again.” It’s only money that you’ll make up for as you always do– and there is only one “fly”.
You are a sweetheart. Thanks.
Well, thanks for saying so– but I know I’m just sharing the sentiment of my fellow PPTers and many, many others.
You are such a civil lady. Very well put. You and I are very fortunate to have come across such a wonderful breed of individuals. Fly is extremely honest along with many of his compadres. This industry is constantly changing…. the profitable individuals are the ones that change with it. It really does amaze me how the trolls seem to torment the few “shit” trades and don’t give validation to the 90% dead on pics 🙂 Human nature I suppose?
Lindsay: I am as civil as you on the interior, but the exterior says: F****** ban them…. I have learned in life that the two things that will ruin a soul is guilt and internalizing what others say. You can not internalize….. We are what we think and we feel what we want.
Oh, and I am still in nirvana from the best trading day I have ever had. Thanks PPT
I must say, I never liked that saying, “it’s all good” & I will never say it.
I will certainly enjoy the PPT, when I join. The search capability kicks butt.
That volatility may still show up one of these days. I am impressed at how the gov. contracted bots have been able to manipulate the market for all this time. It’s like some circus act where they are spinning plates on those sticks. The only problem is, this act never ends. At some point, that dude will get tired and those plates will crash to the ground.
PS nice timing on the srs trade.
cough up the money and join. You’ll make it back on your first trade.
Great timing Fly …. OEW warning and this guy’s been spot on … I’ll be selling intra-day into the next new high.
“The rally continued today to the pre-SEC announcement level at SPX 1209. This is only five points below thursday’s uptrend high of SPX 1214. Now with a gradually building short term overbought condition our focus is on the negative divergence being created on the daily chart. Once this market makes new uptrend highs we need to be on the alert for an even greater pullback than the one just experienced. Remember, pullbacks during the first two uptrends ranged between 2.7% and 6.5%. During this uptrend the two largest pullbacks have only been 2.3% and 2.5%. Should our short term count prove correct Intermediate wave one could be completing soon. The largest pullback of the uptrend, Intermediate wave two, would then follow. “
Last time I checked, he knows how to short the market. It was a break he took, not a change in his skill levels.
Have you joined the PPT yet Teahouse? What is your name on there? If not, please hurry up and join.
that wave bullshit is worthless as a forecasting tool. All you need to know is that we are in a recovery and you should buy stocks because of it. Can’t see the forest for the trees.
been long since 3/09′ … how bout you?
Give me one reason not to ban mr president and muir?
Caus’ I’m a nice guy
And I ike you.
THAT’s NOT GOOD ENOUGH COCKSUCKER.
WE may have to exercise some democracy here, via internet vote.
Now, now….
Remember your blood preasure.
Your not as young as you used to be….
And really, flupuke really is a dog.
I knew some of you camel rapists would talk shit as soon as i changed course. Fucking misfits
And….I think you ARE brilliant!!
But come ON?!!!
Respect’s respect man, but asking someone to do a an imitation of a Coquina rock in Jupiter Island FL is a little too much. (nice beach by the way)
fuck em……keep it going my good Sir Fly
RIP GURU!!! GURU and Primo 4 ever!! Gangstarr 4 ever!!
I hold on to your blue blazer Fly…You know where to find it.
WTF is wrong with Goldie?
fuck guru…do what’s right…bring him back….
http://www.youtube.com/watch?v=VIwLWNEZtbc
Symbol: FTK
Availability: 40’000
Exchanges: ARCA, ISE, NYSE, NITEECN, ISLAND, CBSX, NASDAQQ, EDGEA, DRCTEDGE, LAVA, ATD, NSX, TRACKECN, DARK1, CSFBALGO, LEVELATS, BATS, CSFBCROSS, BEX, JEFFALGO, IDEAL, TMBR, SURGE, IBSX, MIBSX
[Someone asked if you could short flupuke]
Have at it.
Another looked down at my measily 600 short.
Answer: In a raging bull market the question is why I even bother.
the question is why I even bother.
That is exactly the question, but you didn’t answer it. Let’s say you went short at $10; this is being VERY generous since that means you would have picked this one particular stock right when Lehman went bust. The most you could possibly make is $6000. If you were short at $10 why wouldn’t you cover when it spent months at < $2? Declare victory at $1.00 – $1.50 and move on. Holding on to it now is just stupid.
Risk / reward… try it sometime.
Muir
One more comment about shorting one of my largest positions and you will be banned without warning. This is not the yahoo message boards where you have the freedoms to run wild with heroin needles sticking out of your arms. This is my house. When in my house, show respect for the host, else feel the sharp end of my blade.
OFF WITH HIS HEAD!
I can picture that bastard running wild with needles flopping about everywhere….that is bullshit.
yeah…don’t with the fly or he’ll ban you …i would know …i mean not from first hand
He was bragging about a 600 share short on a $1.70 stock
I was too busy laughing
welcome
Speaking of FTK, all this talk of a $3 short squeeze has got my juices running. I’d like to get me some of dat der FTK but I’d prefer to gets mine at $1.30.
I will take a buck 40, seein as how much i like the number 40.
If i can get in there ima go big.
Why only 50%? You haven’t heard of going all the way? Or you playing it safe thinkin that your original thought about TLT might still work out? Bring me back le Fly with the Orange letterhead, he had grace and attitude, of course he was much younger then.
brutal
Fly changes his tune…who wants to bet this is the top?
Jee, testy aren’t we?!
Sorry, can’t abide.
I don’t take stock tips anyways.
p.s. Outside of market hours, a random anonymous IP isn’t a problem because speed isn’t a concern (not that I pay for that feature nowadays, but I have in the past)
Anyways, love your blogs, very funny…
I’ll continue to read it even if I can’t post as only a schmuck would agree to the above you propose.
But as I said….
hope we hear from the new blogger soon 🙂
The new blogger ham and egged on me. We spoke. We sent login info. He failed to blog. I haven’t contacted him in over a week.
You should invite Krull over, I don’t know if his writing would be as good as his youtube videos, but it seems like he could use some IBC structure, his website/ideas for his site are very scattered.
Le Fly,
Check this guy out —
” EXTEND & PRETEND: Manufacturing a Minsky Melt-Up!”
http://home.comcast.net/~lcmgroupe/2010/Article-Extend_Pretend-Manufacturing_a_Minsky_Melt-Up.htm
I think he’s got it nailed.
That guy’s as whack as any other. He takes 4 small failed banks and infers JPM, WF, C and BAC’s assets are just as overvalued.
Fly….BRING BACK THE ….V….KING…P-L-E-A-S-E
No way!
Fly,
Great to have you back on the long side.
Makes me more confident, but I always want you to call ’em like you see ’em.
Also, Lindsay’s comments are, I think, endorsed by a lot of us.