After such grandiose wins, particularly in my personal accounts, I’ve decided to take it easy for the next few days, and shit. Rarely do I speak of my personal wins, in favor of the broader picture. But so you know, the recent [[VXX]] trade that was mastered by yours truly was the biggest trade, by size, on a personal and professional level, of my career. I am glad it worked out and will not try such an absurd thing again, for many moons.
At any rate, we are still oversold and should rally. I do not like the banks, for a number of “no brainer” reasons. And, with commodity prices falling, coupled with dollar strength, I do not want to buy commodities either. In my estimation, if you are going to play the bounce, do so long big cap tech. Personally, I have been buying [[TYH]], which is 3x tech fuckery, all of the finest and biggest cap shit out there, from [[IBM]] to [[AAPL]].
As an aside, I was impressed with the numbers out of [[FTK]]. More on that later.
Picking through the rubble, I want to average down on a few of my positions. I like [[CBD]], [[TEVA]], [[PKX]] and [[EMN]] down here. I understand the euro is raping the world. I am alarmed by today’s drop. Moreover, I have every intent of keeping all new positions are very short leashes. My prediction for this summer has a lot of do with pain and extraordinarily lower equity prices. So, keep in mind, when I say “I like” something right now, I literally mean “right now.” Shit changes all the time.
When I talk to stupid people in the street, and shit, they ask me “hey, what do you like now?” In the past, I’d entertain their queries with a flurry of picks, with commentary. Now, with age and a much more jaded/cynical attitude about life, I tell them “I like what I like and that changes on a continuous basis.” The reality is, I am not a fucking stock picking monkey; save that shit for the pikers doing 5 gross per month. I manage money and do so with the utmost dignity and professionalism. Asking me for a stock pick is equal to asking Ty Cobb to show you how he hits a single.
FUCK OFF ASSHOLE. GO TO THE YAHOO MESSAGE BOARDS FOR STOCK ADVICE. I AM TOO BUSY BUILDING MY KINGDOM, and shit.
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Fly:
You were always kinder to us the readership when you lost a little money, but to be honest that feels like another universe in time 🙂
Lol, wut?
Please try and not use the word “Lost” this morning, thanks. This looks to be a slow week, yawn.
You still like MVIS?
Congratulations on your stunning win with VXX!
indeud
The PPT/Fly’s recent call of a market bottom has been confirmed by the Roubini indicator chart:
http://www.marketoracle.co.uk/images/2010/May/roubini-stock-market-calls-may2010.gif
Sounds great but even the Fly is not convinced.
Today’s action is pretty pathetic for a bounce but at least the selling has dried up.
I’m wary of being more than 50% stocks until the 200MA gets taken and even then 1150 is the real line in the sand. I tried the hope thing a few years ago, cash is more fun.
throw dem W’s up
Congrats on VXX, monkey. Now get picking more of ’em, with commentary!
Here! Here! Utmost dignity and professionalism. Fade that shit ladies and germs. I’m adding to my EMC and AKAM. Hate being in a communist fucking ETF. Reason? Am not as clever and sublimely brilliant as The Fly so I stick with my 2 and 3 handle gains, whenever they fucking happen.
If Devil Dog wasn’t lying…..then Happy Birthday Fly….The VXX for the Chest was the perfect gift…..I am glad to have stumbled onto your site (Thank you Baron and Val) to get to see it….and I know, it’s kinda hard to figure out what the Bulls would buy to attempt rally….last night I thought basic materials….AAPL is up, etc so they are playing in tech….even home builders are choppy leading into probably BTE data….BTW ASCO starts on June 4 so cancer biotech plays something to think about? fwiw…btw Tech Semiconductor sales data next week..ouch?
SNDK
____
Ah Alex…..””What is a stock hitting it’s 50% retrace resistance off it’s 06 Hight and 08 low, the second hardest resistance there is at 42″……..OK I’ll take Great Tech Start Ups from 2000 for 50.00 Alex….btw I love tickers for me to look at.
seemingly graphic image…
http://news.yahoo.com/nphotos/slideshow/photo//100523/483/urn_publicid_ap_org62d0e25e2601474d91c292473c249013/
Jamie at Live found this great video on You Tube…something to past the time with http://www.youtube.com/watch?v=thSTpGnWEAs
BTW Mr. Fly, May you please request your able assistant to Bring very HOT coffee to the Analyst who upgraded C, AAPL and to Mr. Jim O’Neal…thank you.
Should SD really be valued at March 2009 prices right now, are things that bad for them?
Sd had a terrible quarter that why its down..but the future prospects for the company look good.
FTK? Really? Deteriorating C/F and Balance sheet says this company is in a death spiral.