Fuck this fiesta, I am heading for a siesta. I am booking profits, losses and everything else in between.
I sold out of EJ, FORM, CAAS, HEAT, CFSG, SNIC and CRK.
It’s real fun being long those names during cocaine induced rallies. I imagine they would not be so cool should reality begin to sink in.
I am still holding the entirety of my FTK, CGA, GMXR, C, TEVA, WNR and WFR positions. My cash position is now 55%.
UPDATE: I bought 10,000 SCO
If you enjoy the content at iBankCoin, please follow us on Twitter
FIG
fuck
I’m holding 55% as well, right on the money.
but what about born??
snic is sic..lol.
Coincidence that the last 2 posts are swear free?
If the AAII and Investor’s Intelligence reports next week show more bullishness then it’s time to lever up to the short side. The asshole dip buyers have been living charmed lives up ’til now. I don’t think even the fact that literally every day between now and Thanksgiving will be a POMO day is going to be enough to save the late to the party bulltards. Something about how the market has already discounted QE2 and it never discounts the same thing twice.
fid
Fly- Sugar, SGG, is down 10% or $8.96, trading at $76.2. What’s your take – buy the dip on the inflation trade?
no way
Glen Beck claims it will be $64.00 next year. He is SOOO smart!
nice job on sco fly. we just filled a gap at 84.69 and the next gap to be filled it down near 82.95. too many longs in /cl. i got short yesterday. there’ also one final gap down at 81.45. staying short till we reach our destination…
We go back to $75 at some point in the next couple of months. Time frame and pain tolerance is all that matters.
Coookieees. I’m done, my stomach hurts.
Out SMH,TXN,INTC- took too long but had some small day profits.
Not enough for a ribeye or even a Publix sub sandwich, but, not a loss.
Fly,
Im curious as to why you dont trade futures? If your bearish oil, why not just short a few /CL contracts instead of the 10,000 shares, unless ypur worried about the “limit up” risk?
Come On!!!!!! Is no one long VXX????? To the VXX rocket, batboy!!! Full disclosure: LONG THE FUCKING VXX. (And before y’all jump and down like fairies on fire, this is a TRADE not an investment.)