Can you feel the tension in the air? There is a heightened consciousness with regards to this tape, a classic battle between the bulls and the stubborn bears. Today’s economic non-event (weekly jobless claims) has emboldened the bearshitter, dressed in green velcro pants, to sell short this market, even though it may go up by another 25% based upon 2012 EPS estimates.
It seems the slightest declines flushes out retail investors. Gone are the days of the 15% stop loss. I am seeing people stop out of good stocks, with strong trends, after just -2-3%. Frankly, that’s fucking ridiculous. Naturally, we all have our own style and some of you even day trade for a living, something that I find to be distinctly reprehensible. Nonetheless, I implore you to take a greater interest in learning about the stocks/sectors you are buying. This way, when a 4 letter stock drops by 3%, you will know why you should buy more, or dump it.
Aside from that, it’s important for you to know, and acknowledge, my #2 position (TEX) going apeshit to the upside. As a matter of fact, 6 of my top 7 positions are green today. I do not alert you of this winship for your accolades or some sort of weak kneed compliment. I tell you this because I intend to demonstrate, through even greater transparency, that “The Fly” is the absolute best manager of other people’s money, in the world.
In a word: MYFISHINGPOLEISLONGERTHANYOURS.
NOTE: I sold out of CRIC and added to MOTR
Top picks: OXY, TEX, PH, MOTR, SFLY, FMC, PWER, IMAX
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FIG
Le Fly is da Holy Trinity all-in-one, so when are you gonna let folks from here invest money with you, except for da VXX, of course?
Naturally, with exception of VXX.
just dont snag no asian carp.lol
I toss carp into the great lakes, every summer. For fun of course.
I saw something about those Asian Carp. They are nasty. when the water is infested with them, they fly around outside the water and crowd out any other fish from the water.
they are about to destroy the great lakes,illinois has set up electric fences in the river right at the mouth of the lake.they came north from the mississippi.700 dollar coho,goes well with the 100 dollar pomadori.
(laughter)
I’ll bet one dollar that a VXX trade will never happen again.
Buying more MOTR? Is your first name Carl? Anyways, Scott B. keeps saying we should keep tight stops and look to raise cash.
impressive call with TEX
has anyone here given any consideration to coal. i ask only because mines cannot produce coming out from the down under. that normally gets sold to asia ?
WOW! Added even more MOTR? Fly must really love this company. It has been sold down by some big sellers over the last month and over the last 2 days, they have put a ton of pressure on it. Le Fly is putting a lot of money behind this name. We all know that Fly may be wrong at first, but he always wins in the end. Time to load the fuck up on MOTR people.
Who is selling MOTR. What do you speak of, boy?
I have no idea who is selling it, but they have been selling it down hard over the last few days. I wish I knew who it was, so I could bitch slap them for killing it the way they have.
For the bears http://www.youtube.com/watch?v=v325wdgoFH4
Fly take a look at EEE I think this is ripe for higher values. What do you think?
Google ad on left of article: How to buy gold
(I know it is probably a result of google looking over my shoulder everywhere I go on the internet, but I still chuckled)
hell why not 50% from here based on 2014 EPS … 🙂
I am experiencing a weird (for me) psychological phenomenon today.
I AM AFRAID TO PULL THE TRIGGER! I trade in 500 or 1000 share blocks of stocks
trading in the $15 to $80 range, using limit orders with a 50% to 75% chance of filling
within a couple of minutes. I usually exit or option filled position within a few days.
Since October 2008, I have traded 3 to 6 such orders every day, treating the money
like monopoly money or chips at a poker table. No hesitation whatsoever.
Today, each time I go to hit the “place order” button, I chicken out and “cancel order”.
What the hell is going on? Am I getting subliminal messages that a huge unexpected
market day, event, or turn is imminent? HELP, PLEASE!
Show me your war face.
OXY OXY OXY, not doing so hawt, hopefully I will be in positive next week
LOL. Your pole might be longer, but mine actually works. 🙂
Or as the joke goes…Male of color: The water is deep. Male of color #2: And deep too.
The libtard PC brigade has come full circle, referring to “colored people” as “people of color.” The more things change, the more they stay the same.
You can really tell ’em. Not. You can really tell ’em. Not.
Sold TC for a 26% gain … starting to raise cash
But fly turns water into wine, not the other way round.
Sold MS for a 16.5% gain … more cash!
It’s not whether one’s pole is longer, but whether it smells like fish or not.
ALLT
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It all comes down to band width and there is only so much to go around.
Sold SLT for a 12.5% gain … cash and MORE
No point being bearish until the job numbers start going up, then we know all those unemployable useless fucks are being a cost to the balance sheet of some poor company that is forced to pay them minimum wage. That’s when I get bearish !
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Fantastic Luck Everyone!