That’s the way I see it, right now. With large percentage gains being doled out daily, it no longer made sense for me to be defensive when I could easily trade in and out of The AES Corporation [[AES]] for a quick 5% gain, if I so choose. For now, I am in accumulation mode, with The AES Corporation [[AES]] , TriQuint Semiconductor [[TQNT]] , Fuel Systems Solutions, Inc. [[FSYS]] , Johnson Controls, Inc. [[JCI]] and Southwestern Energy Company [[SWN]] are my main targets. My [[VXX]] position will remain as a retarded insurance policy against my space alien magician ways.
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Joined Nov 10, 2007
23,445 Blog Posts
Better to be long than a dong.
Hmmm…that sounded bad. While I think about it, I will ne sipping a margarita and eatin mexican food. Oley!!
My new strategy is to lever up and buy every 10 point dip in the ES until my wallet explodes. I’ve been doing it for only a few days now and I’m already up huge.
I’ll do it until it doesn’t work any more.
Did my eyes deceive me or did I see R.W. Pelican’s picture as part of this blog post?? What does it mean! Please bring back R.W. at once.
Substantial confusion in currency,commodity, and stock sectors. Too many broken correlations to list. Should get very choppy.
However, shouldn’t this market have blasted through april 15 highs in nasdaq, russell, dow, and SPX???
All those earnings beats,and we’ve only managed to form giant double tops in every stock futures index. I still think the market is about to get very familiar with the phrase “limit down”
http://www.youtube.com/watch?v=8kUgL67eZsY#t=0m20s
Any chance this volcano in Iceland will completely destroy the EU?
We can hope, we can always hope.
No.
not that bird again… it’s scary
Senor, can i interest you in a nice crunchy bag of SOXL, hmmmm?
Obama has Super Mad D.C. skills. This Goldman thingy is way to orchestrated.
Like Goldman aint running the show…LOL!
In all of the last 19 months since “The Crisis”
Why has nobody gone to jail? Maybe because all of Wall ST. and D.C. are complicit….
Listening to the Lehman testimony was fascinating. They love to talk all that fancy CDO DERIVATIVE CONVERTIBLES MBS CDS cockshit….nobody in D.C. or any layman could understand what they are talking about….until they finish their testimony with “WE WERE A FIRM- UNTIL THERE WAS A RUN ON THE BANK” “A RUN ON THE BANK” ….”A RUN ON THE BANK”….well shit even I can understand that.
I guess Lehman couldn’t quite dance like Shitty or GoldDamn…..
Why hasn’t anyone been jailed……BECAUSE they be a run on the fucking bank. Bill Black and Denninger can scream all they want ….and they are right! But not one freaking thing will be done….its going to be same old shit. 1 billion to a 100 million ……Hedge Fund my ASS! Horatio Clawback. This is way beyond political……this about confidence.
Did you hear that Gary Kaminsky….CONFIDENCE. A-Hole
Mr. Bill – you just figure that out? Hehe, just joking. Best rant I’ve heard from you in a while… 🙂
oh simmer down. Thebanks run the country. Always did. accept it. All the rest is kabuki. You’ll live a lot longer that way.
Right Mrs Buttons.
Nothing to see here folks, move along.. Nothing wrong ..or “always been like this.” Forget about morality. Yeah, that’s the ticket. Does that apathy taste metallic?
His hatred won’t get him anywhere. The facts are clear that we allowed banks to get too large to fail, then when they were about to, the government realized they couldn’t fail without bringing down everything. What to do from that point is the problem, because they still failed, and are going to keep failing indefinitely. I don’t care if anyone goes to jail. Send another Madoff to jail, as though one person was the problem. Or send every congressman and president still living to jail, maybe that will do it. Oh, but then we will still have a failed system. That is why I am apathetic, there is nothing to do about this other than trade the market you have, and kiss your wife and kids at night.
Tell me, how long can this go on …
http://www.autoblog.com/2010/04/21/taxes-drive-gas-prices-to-over-7-a-gallon-in-uk-mass-boycott-c/
If this happened here we would have had another flame broiled “tea party” already …. $4.42 in gas tax and more to follow, yikes!!!
I thought the Poms were paying more than that years ago. They are a simple lot, show a rerun of some 1958 World Cup soccer match… they’ll quiet down.
Oi – It’s 1966 ya drongo !
and yeah, we’re just hitting new highs. Chart looks like it’s about to breakout 😉
http://www.whatgas.com/recent-petrol.aspx
The market stinks of weakness
Market still strong, dont be deceived. For all those who dont know itll rise till SnP hits 1300, or untill there is a change in intrest rates. Numbers to look out for: number unemployed per open position. This statistic will hit market heavily. For now its 5.5, meaning that even though people are looking for jobs none are offered. So in continuation, look for the things that arent thrown in your face when you open google :).
Hope all is well for the rest. I got in on FSYS and NBG, call me nuts but the greeks will prevail.. hahaha :). Watch either NBG rocket soon or just fall and ill look stupid, lets wait and see shall we..
Where do you guys pull this 1300 S&P number out of your asses? Last I checked, stocks go up and down based on demand, not magic number lines.
do you honestly expect to gain any ground on your point? The comments section truly is the peanut gallery of the site. People don’t express rational objectivity here, only hope and (mostly) fear.
wrong – market is not the economy – they like high unemployment!
Fly why do you like your VXX position better than the SDS or do you?
I like this position. Should the market puke Le Fly wins. Should the market make a jump up it’ll shake things
up and Le Fly wins. Le Fly might lose if the market continues its slow grind up and volatility continues to go down. Downside is minimal but the upside is pretty good.
Excellent post Asteroids THANKS!!
Yep,mkt may have eeked out a gain but the vix rose almost 4% today…Nikkei down 200 points right now
Actually, even though Nikkii is falling…and more important the Shanghai Comp is back on it’s death cross move down….we have a support coming up of the Shanghai Comp about 50 pts down and we have German PMI manuf data….I hate PMI’s around the world…..what do purchasing managers know? they always seem to miss so much….but after seeing ZEW data, I assume those Purchasing Managers will be just as giddy so the bulls might be able to play for a bit longer even with Greece, etc…..we will see.
Wouldn’t the market in a steep retreat also cause the VIX to go up from higher volatility on the downside much the same way the VXX would behave and if so then what makes the VXX advantages for the buyer THANKS for the imput ahead of time? I am just trying to get a handle on THIS– VIX vs VXX as it relates to volatility on the downside the market will face.
VXX is the ETN of the first and second months of VIX. ETN’s/ETF’s have their own funky problems with roll overs etc….if VIX rallies up for whatever reason…. people decide they want to buy Puts or less calls are bought in relationship to puts…VIX moves…and without having to go into Options, VXX allows to play it. Is this what you are asking about? Remember a lot of people are looking at 2004 which traded sideways as a playbook for 2010…not me, but a lot of people out there think it will cont to move up or go sideways.
to me, VXX looks like death. i would rather buy a long-dated 20 or 25 strike call on the VIX, and just keep it around for the one day the VIX it spikes 20%. then sell it.
Fly has been long on VXX since 21.50’s (so he says).
Check out HXM I’m holding till a move to the high 30’s
Careful Fly, that joker joshingu has been on xtrends (ever since he got booted off here) calling for a top and talking to himself everyday….until today….he went bullish after a year of being a retard.
This slight down draft may just prove to be an opportune-i- CREE for us all.
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thanks for the diversion toward sanity. your nightly spams redirecting toward your tab have rescued me from many an investment-inimical crevice formed of blog post commentary.
With more stocks making new highs, and small caps leading the charge, we are not at the top yet. Keep buying quality stocks on dips. CREE GLW you get the idea. They will push higher as the crap starts to fall off.
At least a 14% correction is inevitable in the coming months. Still long at the moment. Time to start thinking about what to do.
The problem with the VIX is that if this market grinds down SLOWLY, the VIX won’t do much, if anything.
As for the title of this posting, I refer you to my rule #15 – Wishful thinking must be banished.
Safest long scalp into closing bell is XLV—from 30.90 level.
Still leaning short Dow, swingwise.