“The Fly” is preparing for extreme winship, starting with wardrobe adjustments. Effective immediately, he has switched from the traditional “business costume” aka suit with tie to white robe with sandals. The incense is burning profusely and the ambrosia is flowing without restraint.
The first week of January is where the money is banked. While it’s true, people are giddy to the point of insanity. It’s also true that as long as the sun, moon and earth exist, stocks will trade higher.
My position is one that epitomizes win. Bet against me, small pedestrian, see where it gets you.
Top picks: OXY, WTI, MOTR
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jan will be over with by the time I figure the PPT machine out, but just for curiosity, of the 3 top picks you have here, OXY WTI MOTR, which one would you pick as your #1?
OXY
Would buying Jan 100 calls be a good way to play this?
Thanks!
nice call on the OXY, FLY! How long should the morons hold onto the $100 calls??
Was the point of your post to issue insists?
and what footwear would accompany said robe?
Birkies.
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oh my… i don’t know what the think about all of that
You kid, but I’ve owned two pairs of Birkies. Combined they’ve lasted 15 years and that’s with everyday usage. Very good return on investment there.
What Fly taught me in 2010:
I’m an idiot. Too often I try to catch tops and bottoms, betting against the trend. This year I shall not do that. At least, not as much.
Also, it’s fun to have a personal aggressive/stupid/degenerate account in which I trade 3X etfs.
Thanks, Mr. Fly.
eggactally why I joined the PPT yesterday
Nice. I always enjoy your comments here (not to mention the best avatar ever), so I’m excited you’re added to the mix.
The best reason why the nominal top isn’t near is because in the back of everyone’s mind it is near.
The next concern I foresee in the future is when the US comes to its debt ceiling. It will crush those who think they are ahead of the game getting back into the bond market.
HERO sure has been on the move up lately
Chris Whalen is a lying sack of shit. I’ve been listening to this fat idiot for well over three years now talking about how the entire banking system was going broke that the bailout wouldn’t work and that everyone on wall street were crooks and liars (well of course most are)
Now that BAC has settled with Fred and Fan Whalen goes all troofer suggesting that the Treasury Sec had a hand in seeing things went easy for BAC. Whenever the dick is wrong he always pulls the Troofer angle.
I’ve really had it with these doomsday fuckers. Every single one of them is a fucking shyster.
Sure stocks can travel lower as the move up is based on quick sand… but the timing of the next crash and the catalyst is impossible to predict without simple luck.
You’re learning….like Mom said, “don’t believe everything you read”…and don’t believe anything on the Internet.
On the Internet, no one knows you’re a dog.
I agree but it doesn’t keep me from logging hour on end reading as much as I can on the internet.
It is rewarding practice to test your theories against other’s.
I’m a cat.
WOOF
I’m a monkey.
I’m a DOG!
http://www.youtube.com/watch?v=93GAfMHRITA
I’m Charlton Heston … bite me!
The next fucker that gets the next major turn correct will be considered a genius and will be much sought after on CNBC and every other venue. Oh, sold SLE this morning.
Again… I will short your fucken MOTR boat to the face!
Carl Ichan got another 2 1/2 mil shares from conversion of preferred.
I don.t know why you didn’t recommend SOL after you sold it! When it went back to $8.50 I bought in again because of your initial recommendation and today it is over $9.30. You don’t like it anymore?
Shut up
Thank-you so much,
SOL up 4.28 % today!
Nice play, I got out toooo early.
Shut up with your titanium MOTR boat
I cant believe you’ve been “investing” since you were 10 with a personal acc worth only 1 mil!
that is not what he said
Yeah! What about that?
Watch the puts behavior and beware impending gregicide.
REXX getting shellacked on low volume
OXY killing me today. I’ve had the Jan 100 calls and just lost 2 weeks of gains in a few hours. of course it’s not sitting on the 20 day SMA. damn you OXY.
Your top picks blow today.
Tna down 5. Like puts on any moves up here. In jan Vix call spreads looking to roll over for Feb
Tna down 5. Like puts on any moves up here. In jan Vix call spreads looking to roll over for Feb
Tna down 5, puts looking good on any move up. Like vix call spreads
Oh shit triple post pls delete some of that
Frash Crash oh noeesssssssssss
Frash Clash!
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Way too much optimism and bullishness these days. Way too much.
Should I change my name?
No. I rather like when the old bullish shows up from time to time, and you have a “Donald Duck moment” about it!
I’m filing for a trademark on the name Bullish on iBC. Anyone who screws with me will hear from my new lawyer, Jake Gint – at least I think he’s a lawyer, he sure argues like one.
Gads, no.
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of course if the index had been ‘up’ when you penned that, you would have said, “going higher no matter what”. hindsight genius that you are.
Damn
All in at the top.
Im walking my dog, so he can chase some kangaroos on the beach and im still making money. Particulary from my website (the address of which I will not disclose as we are fully subscribed for the forseeable future). What are you plebs doing?
Besides chuckling at you, boomerang chucker?
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Oh, gee– fully subscribed. damn.
Sold all of my ASIA holdings: +11% on the stock, +313% on the calls.
Looking to throw a hedge on and eying some stocks showing strength with intraday topping action: CIEN, CZZ, ING, WYNN, or any of the metals.
Bought WYNN puts. Could get some consolidation from the Macau news in LVS and WYNN especially if there is a general market pullback. About 67% of revenues are from Macau for WYNN. Short leash on this trade.
What month? Bad idea.
January $107 puts @ $1.62 each. I figure if it consolidates back down to $100 it’ll pay off 4.3x the cost. I’ll sell the contracts if they trade down to $1.20 or so. The risk/reward is favorable at this juncture in my opinion. These stocks command huge multiples on Macau growth but can growth eclipse the 66% December record revenue jump?
It’s a speculative trade to hedge longs if there is market consolidation.
The fly is getting too cocky me thinks.
One day of minor sell offs and how quickly everyone panics.
The sky is falling the sky is falling!
Yeah … go ahead, put on some shorts, smart guys.
Lord, help this country.
Beachbody videos, Lululemon yoga clothes, etc.
We are turning into a country of paper pushers and $10 an hour customer service reps.
We are so screwed.
Keep the trend in tack … vote GOP in 2012 as usual.
oops! … “intact”
Next Reagan?
Mitch Daniels…?
Chris Christie…?
Tim Ryan……?
(insert your choice here, as long as it’s not Newt, Mitt or the Sledder)
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Ron Paul, of course!
He wouldn’t want it.
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Senator JG of course! Unless he opposes huge science and space budgets.
This is your captain, Ben Bernanke speaking. We are flying at a cruising altitude on the Dow, S&P, and Nasdaq, with just a little turbulance so please buckle up. Although POMO activity is light through Wednesday, Thursday and Friday are prometheus sized POMOs not to be confused with the puny POMOS to start the week.
Next big event for me is the showcase showdown on the national debt cap and mud wrestling between Bernanke and Ron Paul.
I’m hoping Ben puts Ron in a chokehold.
I think Greenspan vs. Ron Paul would be a little more fair. Ben’s about 30 years younger. As added excitement, I’d like them to each start with their ankles tied together, and whiffle-bats too until one submits under a reign of light plastic (but still uncomfortable) blows. That would be better than the Lingerie Football League. Which by the way Fly, if you are moving South, you better get used to the idea of the LFL. Your neighbors will have you over to watch it, and your daughter’s friends will aspire to it. Embrace it.
How does one short the PPT?