With today’s sale of GLW, my cash position is now over 40%. Pair that bitch with my 22% VXX and I am pretty damn defensive right now. I could very easily buy more VXX down here; but I’d rather eat fish. Plus anyway, my recent foray into longs like BUCY/FLS netted a good sum of profits for me. I am inclined to play defense on the way down, and aggressive offense on the way back up. But, there is a notable difference in the manner and nature with which I trade my personal aggressive accounts. Keep in mind, small plebs, these are not retirement accounts or the family estate accounts. These are “fuck you money” accounts, where I endeavor to outstrip you in the most belligerent ways known to mankind.
In those accounts, I am up more than you can fathom; therefore, I will not share the percentage return in these chambers. With these accounts, I have dedicated them, exclusively, to trading The PPT ranges. In others words, when it says OVERBOUGHT, or close to it, I sell and bet against the market. When it says OVERSOLD, I go long the most egregious 3x ETF publicly traded, utilizing my intuitive position building skills, only learned in a small part of the world—just east of Flatbush, Brooklyn. I do not debate with computer generated algorithms that have proven to be more than 75% accurate in timing pivot points, for that would qualify me for a rubber room dressed in an Armani sleeveless dinner jacket, and would be pure madness.
Gentlemen, we are in an OVERBOUGHT cycle and will remain in one, until my robots say otherwise (it’s not delusion when it’s true). As a result, I have positioned 75% of the assets in my accounts into TZA. With the remainder of the cash, I will average down in the position, if need be.
For managed accounts, my largest position is VXX, then BAC. With profound warnings in the tech space, my money is betting on rapid VXX appreciation sometime very soon, just in time for the debut of Wall Street 2, as unbelievably stupid as that may seem.
NOTE: Questions are not welcome, nor accepted, on this here blog.
Thank you.
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The Fly is a Commie!!
…and rooting for the Ground Zero Mosque? Odd.
Here is a stock for VKNG
damn edit button missing.
Bring your A game. No edit button in these parts.
It’s like live TV.
That is correct. Realty blogging here.
The realty blogging happens on my site.
that wanker ripped off OASIS.
The V.King is listening even when he doesn’t hear anything….
If the V King pauses from his consumption of mass quantities of potato chips, red meat and protein shakes, he might hear a thing or two.
Best teevee on the internets.
I hear 7 Eleven is joining in on the M&A fun… Interesting
Quickly, quickly, all must subscribe to the PPT. Delayed obedience is rebellion.
I am contemplating throwing some American money on those Chinese corn fuckers over at SEED due to rapid corn price appreciation along with the recent recovery of the $SSEC. It just so happens the deceptive scronny legs of the chicken men over in China own exclusive rights to produce Roger Clemens style corn known as phytase. Add in good old fashion complaining about intentional supply constraints and market manipulation through Hearst style yellow journalism and you can smell the profits they must be gaining. Their vertical integration allows them to control most aspects of their business and leverage to base commodity price increases. Their latest quarter from April through June saw gross margins expand 950 bps just from corn price appreciation. Look at what corn has done since then on the American exchanges. I don’t have a chart for Chinese corn but I bet it is the same. Risk/reward on the chart looks good too if you check the recent volatility from other Chinese and American ag stocks.
I may post more about this in the PG, stay tuned.
Something just doesn’t seem right when you talk about massive margin expansions and a Chinese publically traded equity. Call it the FUQI / NEP factor, but I digress.
Fake it until you take it…ALL.
Did you hear about Fuqi and the SEC? I mean, I knew the firm had disclosure problems, but their poor shareholders just can’t catch a break. Not surprising, but sad…
Agreed. Most of these Chinese companies are a complete disgrace to honor and trust regarding standards of accounting. Trying to find records of macro economic data or even micro reports for companies is a painstaking task. They may be expanding their structural infrastructure but their ignorance concerning intellectual infrastructure and record keeping/auditing of that data is pathetic.
Ignorance has little to do with it. Graft, false accounting, bribery, back door deals and the like are a way of life and not viewed as a moral choice over there. What else would one expect when dealing with a country that has so little regard for the personal well being of its people…unless said people can bring harm to the almighty state. Intellectual rights are not even on the radar.
Speaking of Chinese corn can fuckhas, you can surely bet on the Chinese consumer via the ETF CHIQ.
knock yourself out on that SEED
i’m having a BBQ tomorrow and will burn a coran on the grill. bring a holy smoke to ze ambougeur.
who’s with me?
LMFAO
burning curans every evenings running up to 9-11. will throw in a bible and tora rolls in every so often to even shit out.
Why aren’t questions accepted or welcome?
The PPT is in no man’s land as far as I am concerned,
at least that’s how I am interpreting the hybird score that
is awesomely e-mailed to me every hour.
Great feature.
So, what indicator on the PPT is overbought?
The Fly must be looking at a longer time frame for the PPT hybrid score, or aggregating the numbers based on a moving average, or some other manipulation.
Manipulation is the operative word in shrewd money management.
J, for your research:
http://minerals.usgs.gov/minerals/pubs/commodity/rare_earths/mcs-2010-raree.pdf
Consumption for most rare-earth uses in the United States decreased as a consequence of the worldwide economic downturn. The economic downturn lowered consumption of cerium compounds used in automotive catalytic converters and in glass additives and glass-polishing compounds; rare-earth chlorides used in the production of fluid-cracking catalysts used in oil refining; rare-earth compounds used in automotive catalytic converters and many other applications; rare-earth metals and their alloys used in armaments, base-metal alloys, lighter flints, permanent magnets, pyrophoric alloys, and superalloys; yttrium compounds used in color televisions and flat-panel displays, electronic thermometers, fiber optics, lasers, and oxygen sensors; and phosphors for color televisions, electronic thermometers, fluorescent lighting, pigments, superconductors, x-ray-intensifying screens, and other applications. The trend is for a continued increase in the use of rare earths in many applications, especially automotive catalytic converters, permanent magnets, and rechargeable batteries for electric and hybrid vehicles.
is the fly black or white ? just wondering
He’s Italian, so you tell me?
(If you’ve seen True Romance…
_____
LOL! Part…eggplant
Fly,
I appreciate this website and have a lot of fun reading it. Get lots of great trading ideas etc…
Do you publish what you buy and when and how many shares so your readers can see how the PPT is doing?
Thanks,
jj
The Fly is as black as Obama is chinese.
Are you referring to Chairman Mao-Bama?
What about his brother Obamao
I joined and will re-join again and again. This shit apparently works just looking at Fly’s posts. Now someone tell me how the fuck do I find stocks or ETFs to buy or short. Is it as simple as high PPT score is a buy and low PPT score is a sell? Site is great, tons of research and tools provided but the key element here (what’s worth it’s weight in gold) is the PPT. Lastly, assuming I’m correct in my assertion, let’s say I find something with a high PPT but it’s already up 10%…is it still a buy? How often does the PPT scoring change relative to the trading action?
check forums in the PPT — all the answers are there. short answer is buy low and sell high scores.
Use the algorithmic screens and delve through my PPT blog posts for lessons.
Will do. Thanks.
can’t wait for the blood to hit the streets~! Fly has been tested many times and has yet to disappoint….let’s extend this streak
lets not
Can I ask just 1 question?
Next.
Speaking of the PPT…. today, aforesaid engine produced a nugget of treuth (sic) that might very well explain why I’m winning even when I’m not paying attention.
Behold! Courtesy of the PPT, who owes you no courtesy, sir….. The Hedge of the Gods!
_________________________________
Tonight….Shanghai Futures including Copper and Rebar is down BIG…w/tomorrows Trade data coming out and their history of “leaking”…there may be a good reason why banks and commodities are selling off tonight?
Fly, would you please be so humble as to give me a slight glimpse into your thoughts on NBG?
I just noticed its trading at 2.51 and its fundamentals say its worth 4.03.
To answer a previous question of what skin color the Fly has…the answer is Green…It is very typical of magical space aliens to have green skin…
FLY is an original member of the beastie boys…white and jewish
1st name = could very well be Jewish
Last name = not Jewish
Half right.
________
http://www.youtube.com/watch?v=6sV3_LUBGTU
Sorry those of you that went short. Even the PPT loses when I bet with it.
Futures up 54 means nothing. Sack up and believe in your ideal.
I smell burned balls in here with the futures up…. or must be the carrots?