Learn to be patient. Add by subtracting.
Today was not meant for me to do much, so I did little. I sold my GLW, which effectively greatly increased my VXX exposure, as GLW was one of my largest long positions. That was enough. I walked away and haven’t thought about the market since.
I will have my day and I will end up victorious. Rest assured, the markets are bounded by certain mathematical formulas. As it happens, I am in possession of said treasures and use them while traveling through space, in my fucking rocket.
In my opinion, the earnings warnings will come home to roost. Analysts will downgrade investor favorites to “stay ahead of the curve.” The cycle of lower expectations has begun.
Trade accordingly.
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FIG!
“The cycle of lower expectations has begun”….well said
The report was better than you think. It states what we already knew, a modest recovery is under way. Should go up from here for the rest of the day.
This coming from the guy telling everyone to get in the Tubes. Great commercials btw.
I prefer to be like the squirrel and cover my nuts in the Fall. BTW, the elephant pic is great.
Notwithstanding ex-pres Bush I’m just glad we have the lowest single digit IQ president in the history of the free world.
I wuld tell you my SAT skores but all of my rekords are seeled. I skored hi enough to git into The University Of Kenya, oops, I meen Harvard thanks to my Arab friends.
Dude will probably fail to mention that he has more wall street bankers in his cabinet than any other president.
I’ll go out on a limb: Close today @ HOD.
Even the “Big-O” didn’t take us down. We see how consumer credit reaction goes. (I really miss the edit function.)
Another fine job TOTUS. Thanks.
An Elephant Never Forgets…TO KILL!
http://www.threadless.com/product/1004/An_Elephant_Never_Forgets_TO_KILL
Rubbed some VXX on my chest at $19.20 as a precaution to the end of Summer.
Hmmmm…..Your timing may be a little early. Until the PPT approaches 3.14159265358979323846264338327950288419716939937, VXX may continue to slide.
That said, I’m ready for dessert.
im in, TZA @ 32.25 800 shrs
http://www.bloomberg.com/markets/economic-calendar/
economic calendar for thursday…
Is tomorrow really Thursday? Is this real life?
http://www.youtube.com/watch?v=Zm-hiap9zYE
elephant your ass.
so… where does the hockey-stick-like predicted surge fall in line with this?
Retail Capitulation: Stock Outflows Surge By Over $7.5 Billion In 18th Consecutive Week Of Record Stock Market Boycott.
still holding my FAS and not doing anything with it yet ..adding here would get me jammed up price wise and leave little room for adjustments…but if you were smarter than me and sent a probe bet in yesterday you might be ready to add ..wait for your probe to be in the green including fees ..then add enough to bring your holdings to 1/3 position ..from there check your 1 yr chart to find your support levels …be watchfull and add 1/3 at the next level your comfortable with ..dont get yourself jammed up on the upside or downside by getting in to close to your last bet…on the upside allow at least $1.00 on the downside allow a $3-$4 decline before cost avg…
i give nothing back ever
Ah, Lucy the elephant! (Margate NJ)
She has shown a lot of patience over the years.
Fly,
you mentioned yesterday” I am about 75% invested in TZA” in your personal account… can you explain why whould you enter such aggresive posion at this point…
Also, are you going to trade around it? averaging down … and where would you stop this trade if for some reason this market start to run higher like crazy for no good reason.
thank you
Ode to Jack
http://www.youtube.com/watch?v=nhFRXsJQ1b0