Fuck it, I booked another round of monstrous VXX gains, as well as FAZ. At the present, my only downside hedge is MET. I might be getting a “little too cute,” with my navigating skills. Nevertheless, I sense panic amidst the CNBC proletariat, best represented by the sheer FUCKERY of their hosts.
Plus anyway, The PPT is flagging OVERSOLD again and it has never been wrong, so far. Of course, all trends were made to be broken and I would not be surprised, nor disappointed, if The PPT mistimed this bottom call. Ultimately, the decision is mine and I choose to time this fucker like a space alien magician, via a large dose of TNA in my personal account.
UPDATE: Into the close, I look like a jackass, with the market vomiting on itself, AND MORE. There is always tomorrow to further dig myself into a fucking murderhole. For the year, I am up about 28%.
NOTE: I did not add to any longs, aside from a personal purchase of TNA. For now, I am comfortable with letting current longs recover, considering my cash position is north of 50%.
The Fly is God.
I don’t mean to harp on the fact that I won. But, I won.
how you win? did you say to buy more vzz and faz? You can’t call it a win if the markets are closed and your position is on. For all you know market gaps up 500 tomorrow then down 1,000 the next day.
The prez is just talking about a little verbal bet about market action in blog comments from yesterday. Only the fly can brag about market wins here.
TNA?
Cool move.
TNA ….that reminds me of….well,….you know,….certain posts ripe with anatomical diagrams.
Nevermind.
Bank on.
PPT…maybe I am finally getting it…..totally great vid for a perfect day.
Don’t mean to be picky, but that chart don’t look right.
It’s an old chart.
Very bold move senior Fly. Without a doubt, it must take nerves of titanium (and more) to pivot like you do, in this market. One question, if you wanted to be decisively short, which single security would you choose, would it be VXX? Which one would rocket the most from a big washout?
you sound like a gambling addict, it’s not about the most upside, it’s about selling the best risk/reward and buying the best reward/risk. You can’t win if you don’t manage your money well.
stfu, bitch
dude, are you betting against the fly?
Not for nothin but Courtney has always had a great set of pipes and a nice set of fun bags. Nice choice.
No role model, she.
_______
Thank god for my 25% GLD position and the puts you scared me into last Friday on the rest of my portfolio. Still down about 2% since then but it could be worse. And my losses are pretty much capped now since my puts are all ITM.
I will look for a panic selloff near 1000 and then will prob try to get a little more long or roll down my puts.
A
G
Q
________
Hey Jake,
Do you really think gold and silver will continue their breakout from here? Wishful thinking on my side, I’m way overweighted in gold 🙂
The gold and silver markers are telling you something.
_____
Silver Dollar Jake,
I know where you can get a good deal on a pair of six-shooters and a ten-gallon hat.
Seevah Dorrah Jake ees Jake Gint?
Wha hoppen? He go to Deadwood to gambur?
Pay no attention to Meesta RIMM. He’s not alpha. Repeat, not alpha.
I have spoken.
Going back behind my curtain…..
Har! Har! Har ! Har!
Sirry iriot!
You mus’ change ava-tall if you want in cog niro!
Har! Har! Har! Har!
Sirry dawgy.
______________
I will keep that in mind. I am looking to get a little silver to go with my gold.
AGQ for the short term.
Longer term, SLW, PAAS, EXK, CDE, HL, MVG, SVM.
Etcetera etcetera, etcetera.
+__________________
Fortune cookies at dawn, rib eyes at midnight:
YaaaaaArrrrrrrrghhhhhhhh!
PPT for members is showing 2.34 right now.
Could you please clarify your 2.19 for the paying members?
Thanks!
2.19 was yesterday. the chart is a day old
All that matters is the fact that is went below 2.26. The fact that it is 2.34 now is a moot point
A key clarification.
So when it dips below its just a loaded spring? Someone mentioned today that the “oversold” looses meaning as we get further away from it. Any truth to that or someone jsut running their mouth?
I tried playing Friday’s oversold today and bailed before I got hurt too much. Got back in about when you/Fly did (no guarantees I know) with a fresh shot of 3X around close.
The premarkets suggests the PPT will be vindicated tomorrow; one must hope!
What the fuck is going on with people? Natural gas pipeline explodes while an electrical crew were digging. 3 dead, 10 unaccounted for. http://www.reuters.com/article/idUSTRE6565U120100607
I blame Mark Zuckerberg. His life is an app. “Startup World,” “CEOville,” or some shit.
Wait for SPX 1020 to cover. It’s coming..
Well we get to see if the Eur/USD Eur/JPY can have a short squeeze tonight….trade balance data that should be good cuz it was April could do it?
This is all I can say regarding a potential short squeeze.
http://www.youtube.com/watch?v=I-BYzaDwNoE
… that TNA chart just may be the UGLIEST thing I have ever seen !
—–
You went LONG … TNA ???
Who are you … and what have you done with the “REAL FLY” ???
.
TNA has voodoo from rebalancing so TA on ultras past 2wks is stupid. Use RUT instead
Maybe he thought he was buying T&A.
Stfu!
I know today what u read tomorrow
Will the Mets beat San Diego tomorrow? Never mind-even I know the answer.
Space Alien Magician.
This phrase is simply brilliant and would make Thomas Pynchon, Gabriel Garcia Marquez and William Faulkner all proud.
EURJPY on fire, up over 0.80% already. S&P made a lower low today; however, Hybrid score failed to do same. Should be fun tomorrow. We shall see if my increase of TYH at close was a wise decision. Right now it appears to be genius, fucking genius – but, we all know what the over night session can bring in the morning. Heat burn, fucking heart burn.
Ahem. EURJPY is below 110. That is not on fire. The heat you feel is smoldering ashes.
lol – good point. It was a relative point being made in relation to the close today – a bounce back if you will. That’s all I am looking for.
I had a EURJPY short position from 111.75 and because of personal wussification issues that I won’t get into, I eliminated my initial targets of 110 and 108.99 in favor of smaller profit taking targets in the 111.00 range.
oversold != rally.
robot-speak for ‘oversold conditions do not equate with an imminent rally’
agreed. This market could roll around in it’s own oversold waste for a while before it decides to stand up and walk away. Nice Gravatar by the way.
Watch the Euro in relation to calendar year. It’s a fun game. Right now, we’re trading post-WWII.
I’m short and plan to cover half at the Black Plague, and the other half around the time of Boethius. (only because that’s my dog’s name).
Oversold ppt reading has never failed. I know it will one day. But for now, i am simply stating a fact.
How do you say ‘check mate’ in Rithmomacian?
Indeud