You stupid fuckers love to get under my nerves, with comments like “I bet Fly will say he sold VXX and TZA last week.” Naturally, those type of comments are concocted by men with serious mental defects, as a woman would never dare stoop so low. No, dick lover, I did not sell my VXX and TZA last week. Think of TZA as a taser gun, dialed up on high. Then imagine “The Fly” taking a shower in the sunshine singing his favorite gangster rap song. Then, if you could follow me here, imagine a criminal, dressed in a VXX Halloween costume barging into my “sunshine shower” to kindly offer me a TZA (taser dialed on high) to the fucking face. That’s the sort of day I am having, so have respect for those in mourning.
Breadth is incredibly bullish today, which is helping my longs push higher. Remember, aside from the spastic VXX position I find myself comedically long and wrong with, I do have a 40% long exposure, with BAC being my biggest.
Nevertheless, with the sort of breadth I am seeing today, I am shocked we are not up 2-3%. Believe me, I will not dare say “oh, since we’re not up 3%, we’re going lower.” I hate smug fuckers like that. However, I will tell you, this is not enough to scare me out. If you want to scare me out, you’re gonna have to do better than this.
With yen storming higher and TLT nearly unchanged, I remain stoically wrong, yet unchanged in my position.
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FIG!
Here a FIG, There a FIG Everywhere a FIG FIG!
NFLX, cheap at any price.
What peanut said.
I am holding my ground in TZA with you FLY.
How will you feel when we are up all week again like last week. That is what is coming. The negative sentiment is leading to a market that simply goes up daily. Fly will eventually be right, but it is going to take at least 2 weeks, if not 2 months for him to be right. By then, he will have lost a tremendous amount of coin.
Do you have a time machine?
Shut up.
Make or loose money I still have to right this fucking paper on RFID chips.
Princeton English major?
No Berkeley English major.
Spend a little more time in class and a little less time protesting the cutting down of trees or the opening of a military recruitment office.
Or at least spend some extra time at Top Dog- skip that hippie veggie dog crap and go for
the all beef or the hot link.
Just a little advice.
gonna be hard to write an essay when you can’t spell
I imagine a few have never heard of hedging a portfolio.
Please call and write CNBC and tell them to stop saying “Basal (or Basel)”.
It reminds me of basal cell carcinoma and I cringe like nails on a chalkboard every time I hear them say “Basal (or Basel).”
I realize it’s the name of some guy but it needs to be renamed.
Heard Hampton Pierson refer to the President as OBAMA….like AlaBAMA….that is probably not a good sign?
Maybe he is a Crimson Tide fan.
What’s this I hear about golden showers?
http://www.youtube.com/watch?v=7yZeDvHcRH8
BROVO!!! That’s the reply I was expecting from FLY. I was just sarcastic a bit… but you know that…
I will ban anyone today for simply looking at the computer screen funny ( I am watching all of you).
Tread carefully.
This post, while short and not so sweet, could be one of your best posts ever. Funny shit.
Exceptional post. LMAO
With that being said, will everybody stand for the national anthem
Target on TZA is 29.00 so I’m sure “FLY” can endure just a little more pain…..
TZA @ 29.00 = load the freaking boat!
It really blows to be expecting a down day on an up day.
I wonder what Timmay is doing today? (head in the oven with gas on?)
On the one hand, I am Tim-Knighted today by VXX. On the other, not yet SHOMPED, which is good. Clearly, the less one thinks about this market, the higher his odds become.
Just went a little short
Mr. Le Fly runs other peoples money. He’s forced to take a position or he don’t eat. He has the guts to tell us his convictions and publish his PPT. Remember we are still in a trading range, no need to get excited.
Every post is my best post ever, as i am the Blogfather
Perhaps we should add POMO days to the PPT calculation, I am not joking:
http://www.zerohedge.com/article/fed-announces-pomos-eligible-monetization-todays-pomo
POMO day blues for bears.
I have been watching POMO too…the new schedule which I mentioned in my weekly Peanut Gallery is coming out this afternoon…..
Le Fly, I have been reading your blog for about two weeks now. What I have decided is that you absolutely have no fucking idea what you are talking about.
Dr. do not ban him, 2 weeks ist too short to know about you :-O
Asshat, abstain from commenting for at least 2 months of reading. Maybe then you’ll come to some understanding of who has and who hasn’t a fucking idea.
Please do not douche up this very fine establishment with your premajaculatory remarks.
To the back door with you, sir – and good day…
You are making a decision on just 2 weeks? Give me a fucking break ! What are your YTD returns? compared to Fly? Get off this website, you dumbass. Fly may have been a little early here, but in the end, I assure you at the end of the year, he will be many times positive over you. Worst case scenario, he breaks even on this fucked upped rally. He will still be up many times over what the indices have done. You win some, you lose some, you know what I mean? In the end, Fly wins. Roll with it motherfucker !
The Big boys are making a run for 1,140 this week. No doubt about it. Too many 1,140/1,150 spreads out there to nail them.. Easy money for them. But that is where it stops. 1,150 and we have a sharp reversal, maybe 1,155., mark my words. If Fly sticks with his TZA//VXX positions, he will come out with some gains. Definitely some pain before some gains for him if he does not sell out.. But that is the nature of the game.. you cannot time the tops and bottoms, But it seems that trading oversold readings vis a vis overbought will give you a higher successs rate. But in the end Fly wins. Period !!!
Mike and other cocksuckers, you are clearly a douches or are you really the Fly? Look, I admitted right up front you cockroach that I had been reading for two weeks. I cared enough to post and am hoping that you are right. Bottom line is, show some results and you will get credit for it. Keep slinging shit and calling it the divine and you will get dealt the truth. Who’s who now motherfucker?
LOL
The spread between DBC and TLT reached absurd extremes today. Whether or not we fall here, the upside is extremely limited near term. Im thinking we see ES 1075 again, soon.
But, chances of a serious crash lessen each day–as November election polls become more vivid.
thats a very sad image you just painted.
very sad indeed.
I misseeeeed Merlin!!
Out of the maelstrom comes opportunity in shipping stocks. And, some even pay handsome dividends just to hold them. I know this because a café full of surly peasants smoking Gauloises, drinking marc from dirty glasses were still saluting DeGaulle and eyeing Minerva at my side. Marc drinkers ogling an owl foretell being shipped the fuck out. Hence………..
With that being said, will everybody stand for the national anthem
Sometimes I am with Fly …sometimes I am not. More often, he is right. This time, I am with Fly. Check out my last two posts on King of PG. Especially, check out my last night’s post on the markets this week. Not buying this rally for now. http://ibankcoin.com/king_of_the_pg/2010/09/13/bull-and-bear/
Next post: Fasten your crocodile belts fuckers…. ?
Vix is now positive and there is a rumor that Greg Solomon has arrived at IBANKCOIN headquarters…please confirm
We’re nearing the upper end of the trading range, so nothing to get excited about until there’s a significant breach at 10,700 Dow / 1031 S&P.
The Fly is a pro and many, if not most of you plebs, are not, so watch and learn. I’ve been following the Fly on and off for about 3 years, now. His word is good. The PPT hybrid is the tell on this OB cycle.
S&P 106 by the end of the week
Why stop there?
S&P 0 by Friday.
unlikely
zero hedge, is that you?
Sailor boy says… Captain We are getting water in the boiler room in the lower deck area..
Captain says.. Cool cool your jets.. Were only a few minutes from port no need to panic.
But Captain we out in the middle on sea!!!
Boy.. I am your Captain and i am tellong you to not panic and get back down to the lower deck and keep it quiet.
Billy.. get me fly immediately this may be our only hope out of this.
Fly-
Do not lose your objectivity with some of these narrow minded “bicycle seat sniffers”. Trading is a marathon, not a sprint. I’m upset about selling UCO a touch early, but fuck it. I’ll tip toe into FAZ and VXX at these levels (very carefully).
you better be real careful there. As long as we end positive, the trend will continue. This will be 8 out of 9 days positive.
A wise man once said (I may be paraphrasing):
“The market can stay irrational longer then you can stay solvent.”
Can’t remember who, but it does seem like it might have been here :-).
Hey FLY, Is that a picture of your father…in the tux?
coulda,woulda,shoulda yadda,yadda,yadda,cleaned up on puts on vxxxxxxxxxxxxxxshoulda been the main hedge of hedgeies just on that position,and could have still stayed long………and laughin….wonder if steve place did that to piss you off……..