Don’t leave comments on my blogs, especially when you are just some jackass reader, with no more than 3 years of investment experience. I spit on you from 500 meters away.
Do not ever, ever, ever, question my market strategy, for it is weeks, if not months, if not years, ahead of yours. Actually, most of you clam fuckers don’t have strategies. All you do is look at charts and throw bricks at balloons, hoping to pop one with money in it.
Let’s go over a few things, all pertaining to the art of investing.
As indicated in a previous post, I sold out of a plethora of stocks this morning, in order to raise cash. Said cash has a dual purpose: to finance the purchase of future core positions/timely trades. And it will be used to lower the overall beta of my portfolios. With the cash, I bought more Goldman Sachs Group, Inc. [[GS]] , Cameron International Corporation [[CAM]] , POSCO (ADR) [[PKX]] and a little more [[VXX]] .
For the record, I am not looking for [[VXX]] to trade higher in the short term. The purpose of the VXX, like [[TLT]] , is to counter trend an up-ticking market. When will I sell [[VXX]] ? Whenever the fuck I am ready to or when the shadows near my favorite urinal tell me it’s time to blow out.
With the reversal in the market today, I sense a short squeeze is coming, which should force the burlapped bearshitters into egregious murderholes. However, the European debt crisis is not over, you dumb jackass. Do yourself a favor and get light or your wife is going to divorce your dumbass for losing the family nest egg.
At the present, I am looking forward to trading out of my Cameron International Corporation [[CAM]] position, north of $41. And, I think POSCO (ADR) [[PKX]] has a quick 10 points of upside.
The following is a paid promotion from none other Mr. R.W. Pelican, for no reason whatsoever.
[youtube:http://www.youtube.com/watch?v=xKlq8UWeI9I 616 500]
UPDATE: I changed my mind. I sold out of [[CAM]], north of $39.70
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Fly swatter
Stfu!
Dark matter
You assume wrong. When i say lower beta, i am talking about the daily volatility of my accounts, as represented by positions, size and allocation. All of that, good sir, is propietary.
Thanks that helps a bit in understanding the context of the post.
Those guys that were mocking you and selling short vxx mid day today might want to revisit the ole saying, he who is wise in his own eyes is a fool.
The Fly is God.
Someone call me?
*dual
… as always, much respect for your godly dissertation, sir.
liar
“All you do is look at charts and throw bricks at balloons, hoping to pop one with money in it.”
That is strong!
Problem is that most of those bricks do not pop any balloons but instead end up falling back down on the thrower’s head.
Hi Fly,
Could you share how you calculate beta for your portfolio?
I assume you’re using a risk-free rate of around 4%…but would curious what other inputs your using.
Thanks
Rang the register on my morning short of EUO euro double short from 23.00, at 22.74 .Got out all SLX swings with profit. That SLX squeeze was a bullish omen for real estate. As is this huge move up in NBG (National Bank of Greece)
Still in 2 FXE , and 1 EFA from yesterday.
Now 3/8ths long swing committed on the inflation side
My trading style, as demonstrated at a local investor’s conference—
http://www.youtube.com/watch?v=eRBwvIX7Sao&feature=related
You had to say 3 years…lol…Next month will be my 3rd anniversary from when I first started this journey with “what the heck is a p/e”…what a journey so far. You know the internet allows us to go from one trader to the next to learn from them, sort of like going from classroom to classroom……and by far, The Fly is the coolest Teacher that I have ever had…no one else cuses and just makes me flat out laugh like he does while I learn from him……………this is such a cool classroom…..oh, we should do the chop chop dance until NFP Friday if history is any guide cuz we are down to the 1160ish range that I was looking for and copper and 7000 is such a love affair that will probably hold…fwiw…
If you haven’t already, I’d be booking profits on VXX, Bonds MAY have a some more upside, but they’ve made a hell of a move over the past 2 weeks. Book it. Sold the Majority of my ZSL first thing this morning.
Fly, Matt,
Got my mug. I can say its worth every penny. Thanks again.
I think your money will “FLY” away with that strategy. I agree with selling now to raise cash but I think it is too soon to buy and it signals that you are being impatience. Good Luck with your trading “strategy” though.
Coming from “JROD” I suppose i should revisit all of the years of proven strategies, for fear of having my money “FLY” away.
Jackass. What are you 15 years old?
Does that mean I am Banned for being underage?
Prepare for market fuckery. I would not be surprised to see us close at the lows. Get ready for something big, in either direction.
This is how you should deal with your detractors… crazy chinese
http://www.practicalfishkeeping.co.uk/content.php?sid=2778
Let me give you a short term “hint” where we are headed. Of course my information is proprietary as well, but I will share with you my “Musca domestica” (Common house Fly) friend. This market is headed down and short term it will hit 10675-10700 area for a short lived bounce. Next stop is 10400-10425. There is no need to be invested right now and that is not a bad strategy…..
My DIA puts got a little tingly reading your post.
Whenever I read of someone thinking he is stock god and using “proprietary” in the same sentence, I laugh. You are about to be fucked today on your short, shorty. Dont cry to mommy if you didnt cover in time.
Why is F down? Could be a good buy now anyways.
It was….The V.King wuz here
The euro has been falling for 5 months. Were less than 2 trade days away from employment number. We’d literally need some MAJOR new scare story to hit the newswires, for us to move down here
DMG, I heard that.
Just finished reading “The Greatest Trade Ever”. Just like in 08′ this market is all but a smoke screen for the common people of what the global economy has become. And just like in 08′ it will get out of control of the PPT, JPM & company, and GS where like in a burning building the first one out will close the door behind him.
“All you do is look at charts and throw bricks at balloons, hoping to pop one with money in it”.
LMFAO so true 🙂
I question your market hand.
You are in the Fly’s house. Do not contradict! Start your own website if you think you are smarter.
Why would I want to do that?
Maybe the smart thing is to not have a web site. That way I don’t have parasites like you hanging on.
The V. King for Tabbed Blogger!!!
How is your rottisserare [sic] baseball going?
What does the “R.W.” in R.W. Pelican stand for?
You talk all fucking hard but when it comes time that the market reverses and goes against your position you should like an idiot in denial. I mean this in the sincerest way. You’re acting like an idiot and you are going to lose your fucking ass if you don’t accept that the market has changed direction and you are caught on the wrong side.
You are getting fucked and by the time you read this, you are going to be in big pain tomorrow.
CASH IS KING.