I want to make something perfectly clear, right now. I am trading like a fucking drone. I do not let my emotions get in the way of a little “idiot tape” trading action. If you are in the business, you know the dumbest guys (ghetto fabulous) make the most money during crazy runs. Naturally, they eventually blow themselves up on margin and have to start over again. But, for that small window of market bliss, they are fucking stock Gods. They are idiots because they do not know better. They take the craziest risks because they are brain dead and do not have fear.
Well, I have completely and entirely cast aside the emotion of fear, so that I too can trade like a fucking imbecile, with great success and splendour [sic]. I am magnitudes smarter than 99.9% of all of you. If I can do it, so can you. It’s the thinking, the fucking second guessing, that refrains people from swinging their balls around freely. You need to understand where I am coming from. I swing in and out of large cash positions to placate my inner brain. I know there are risks associated with dropping millions into stocks that are already up huge. Had I taken the time to worry about it, I’d be sucking wind right now, just like some of you trash collectors. Another big mistake some of you make is buying ancillary names, hoping to find value. Instead of waiting around for something wonderful to happen, take the bull by the horns and smash it into a fucking wall. Using that mindset, I am heavily long AGU and MOS.
Enough of the preachy bullshit. I have business to attend to. Oh, by the way, remind me to tell you what happened to me at the supermarket this weekend, waiting in line behind this mentally ill bitch.
Top picks: ATPG, AGU, BRNC, MOS
NOTE: Introducing iBC newest tabbed blogger, Analyst Bomber
Was she Meredith Whitney by any chance?
so treu
how much patience with BORN
More.
This blog comment is the little secret and the mindset behind what it takes to take advantgage of this kind of market. Check your brain at the door because nothing matters. Until it does. Bravo…
The BlogFather!
sniper trading this bitch, taking small gains quickly. The Egypt thing still concerns me. I am not taking the short side of anything here.
Thank you
Fly,
What do you think of Jeremy Grantham?
Oh, BTW, don’t forget to tell us what happened at the supermarket this weekend.
“I am magnitudes smarter than 99.9% of all of you.”
I appreciate the compliment! 😉
All Hail the Money-Printing Clam– well, for today at least.
the academically smart, but moronic in behavior, Bearded Clam. I get what U R saying, Fly. We are better off when we all trade like Money-Printing Moron Clams.
Am I nuts or is the whole North Sea area on fire? STO is rocking, couldn’t get my trade. SDRL acting like a big boy. Yeah, I know why but are big boy traders jumping on the whole space?
Trade like a maroon on the way up, sit down fast when the music stops.
Fly you make one hell of an idgit, you really do.
You may blow yourself up all over again. Meanwhile, though, that complete non-sequitor of a final paragraph is hilarious!
Logical thought
Any idea who you are talking to? I don’t blow up.
Bomb proof
>>Any idea who you are talking to? I don’t blow up.
Bomb proof<<
Lol, I hope so… The blog gets a lot less funny when you're losing $$$!
“bomb proof”
never put shit like that in print
trading gods will not like that
Le Senor was all over this shit right here —–> In the 5 months since Ben Bernanke delivered his 8/27/10 Jackson Hole (WY) talk where the Fed Chairman indicated that the nation’s central bank had “numerous options at its disposal” that can stimulate the US economy, the S&P 500 has gained +20.8% (total return) through the close of trading last Friday (1/28/11). “
Any way mental check out woman can make it into a Fly Story involving the pen thief / hustle?
http://chart.ly/opilg29
Dollar Volume profile chart,with RSI divergence indicators(yellow dots) Next resistance is about 1% above. If that resistance doesn’t hold, Next resistance isn’t until above 80-ish.
We NEED a Fly Story here in Chicago. Expecting to be snowed in, some light reading would be nice.
Try the book section of Dr. Crumblops Oddity shop (or some such). Good books by highly unusual authors. Plus the proprietor wears white suits with blue pinstripe, so you know you can trust him.
ha ha ha should be better than 1967 snowfall,got toro da bull,fueled up an on stand by,its gonna be a mess and a half,then heading east.the grocery stores are on fire.
I’m selling stupid little positions that make my list too long. Almost 25% cash now.
Is there a possibility of a consolidated stream of the blogs? I like to read almost all of the posts but it is quite a hassle to check the blogs separately
butblack.
So crazy it just might work!
You kinda have to know what various comments refer to.
play as you like
I believe people would stay on the site longer, benefiting the hustler and the customer
Trading like a moron is ok , occasionally
But NEVER go “Full Terranova”
lol.
_______
http://www.youtube.com/watch?v=svwGRJA28lY
Drunkenmiller [sic] was promoted at a much younger age than his peers at PNC.
From New Market Wizards:
“You know why I’m doing this, don’t you?” he asked.
“No,” I replied.
“For the same reason they send eighteen-year-olds into war.”
“Why is that?” I asked.
“Because they’re too dumb to know not to charge.” Drelles continued, “The small cap [capitalization]
stocks have been in a bear market for ten years [this conversation transpired in 1978], and I think there’s
going to be a huge, liquidity-driven bull market sometime in the next decade. Frankly, I have a lot of scars
from the past ten years, while you don’t. I think we’ll make a great team because you’ll be too stupid and
inexperienced to know not to try to buy everything. That other guy out there,” he said, referring to my boss,
the exiting director of equity research, “is just as stale as I am.”
Needless to say he killed it and nailed the bearish end.
BTW I’m still holding my CYT calls, now standing above +300% profit from Friday.
Druckenmiller made Soros, too.
_______
Not exactly, but he did come up with the idea to short the pound when the fund (Soros) was short UK housing stocks. It was Soros who sped chopped the shallots with his balls on the cutting board and pressed the bet, that’s bet with a capital $B. Druckenmiller definitely filled the coffers while Soros was playing Santa Claus in Eastern Europe though.
Soros made Soros. Druckenmiller served Soros. Rogers served Soros. Two are awesome fund managers.
Fly, I must now spend 45% more time on your website compared to last week. Your new tabbers are kick-ass, huge value added.
OXY getting ready to roll.
Egypt is about to unravel into complete chaos on the streets. True revolution is not something that the average man on the street really wants, but that is what he is about to get. Mubarak is holding on for dear life because the US wants him to stay on. The fact of the matter is that Mubarak is the most important player in the Arab world for the bs Peace between the Arabs and the Jews.
When Mubarak goes down, the entire region is going to go up in flames. Jordan knows it, and is trying to take preemptive action.
The people on the street won’t care about the changes being made by dictators. They want the dictators gone at all costs.
Lawlessness is about to reign in these countries, and it will not be good for the US.
We all know that…and don’t care…party on Garth!
At least we don’t care until we can’t buy gas for our cars………… then what? Do you have any idea how much of the worlds oil supply is shipped through the Suez?
The military will keep the Suez open.
Oh, I forgot, the sand jockeys are going to stop selling their only product they have to support their country to us and the rest of the world…because they’ve got a new biz in dessert time shares?
It would be short term. Canada is already your number one oil import source. My dollar will increase further over yours, but you’ll still have oil. Lot’s of projects can be ramped up in 2-5 years up here. In the short term, buy local produce.
you are wrong
Everyone knows and talks about the massive liquidity that’s driving this market higher, but I think there’s one other key piece to this puzzle which could explain why we might go much higher…
For all intents and purposes we’ve lost real estate as something investors want to pour their cash into. It’s quickly becoming conventional wisdom that bonds are the wrong place as well.
What’s left? Equities.
Get your Dow 20K hats ready, we’re going much much higher.
Go get the papers, get the papers.
Yes, we are. But I wish I were a fly on the Bearded Clam’s wall, so that I could eavesdrop and find out exactly when the pullbacks are going to be allowed, within this Clam Market. Then I could short them or buy cheaper at the bottoms.
Looking at today and Jan., it seems like these pullbacks are never going to be allowed to happen on the first day of the month.
Yep, the Moron Trade is working….like it did in 2008. Yet, in 2008 I was that Moron and didn’t understand why the party ended.
Apparently you don’t know why it started back up either.
Doh!
__
We may never find out why why the music stops or starts. We are all trying to learn to dance when it’s playing & sit down when it stops, with varying degrees of success at different times .
Po Pimp…Actually I did see when it started. Heck, I bought RTP, Netflix, C, HIG all in Feb/March 2009…but sold very soon after when I saw that it really wasn’t a global economy getting better but the China Govt in buying up Copper to give the illusion of Global Growth. At that point, I felt it would be priceless to follow this as close as I could to learn how a Bubble actually works…at that point I had no idea that it would be at historical levels. So much of China Growth has been on China Govt giving out money and it can only last for so long, I ask, if China has such growth why does the Govt still need to pay people to buy toasters? Frog…the big guys seem to know when the music stops…I am trying to learn what they are seeing…the Fed raising rates is too easy of an answer and everyone would see that one……….Jake, lol.
I hope U R successful in learning what the big guys R seeing. It is possible that what the big guys R seeing though, is the Ben Bernank walking into their meetings & saying “Here’s some of the inside info that you TBTF banks have purchased with your (funny money that they don’t even have) political campaign contributions .” Unless U can match their contributions, U may not be able to get that info.
Actually Political Contributions get Video previews of State of the Unions, etc…
Plus, I think it is more the big guys in China getting leaked Govt data…but thanks to the internet, that normally doesn’t stay much of a secret cuz they love to gossip.
I never have any idea what you are talking about.
Do you really think this is all a farce and its all an illusion orchestrated by the Chinese? Do you also believe in Santa Claus and the tooth fairy?
Please keep posting your theories – yours are my favorite comments to read daily.
Bullish, My fav is the FakeNymph. Who I think would have made a great tab blogger. Of course I believe it is a farce, But China did have help from Ben, EMU, etc. ..Yet, if China didn’t pump the copper market no one would have believed it.
The Bearish argument…
http://simple-living-in-suffolk.co.uk/2010/06/the-bearish-argument-always-sounds-smarter/
You know what I think is so cool, Peak Oil was all the rage in 2008 and then it disappeared. Yet, it is back again. I am just looking for patterns.
Its still the rage. And will be again when oil is $200+/bbl.
I think the last person that tried to figure out what Nymph is attempting quit and coined the phrase “the market will stay irrational longer than you can stay solvent”.
I don’t think that there is a copper bubble in China.
The tape has spoken – inflation trumps war.
The revolution was brought to you by Coke Light, BP, and Adidas via counterfeit hoodies all throughout the Middle East.
A 3 day RBOB gas rip & $6+ in Crude will do for now. I’m not holding this shit through inventory.
thats the hole thing,the R bob needs to stay high
Cascadian is right above at 12:10 pm
“Trade like a moron on the way up, sit down fast when the music stops.” Sitting down skills are very important for a trader.
The whole world has gone ape-shit bonkers
Agreed. This is absolute lunacy.
Is that a recent revelation? In other news, the sky is blue.
Remember how scary Friday was? Yeah, me neither.
I remember a bunch of jack asses crying wolf.
OMG – Egyptians are running wild in the streets! Now Apple’s iPhone sales will collapse!
Suckers
Nice one Bullish!
Completely agree. I do believe caution is warranted, but it’s not time to go all “rice and beans in the bomb shelter” yet.
This is easily one of your best posts ever. Informative, instructional, logical.
Let your balls swing freely….classic
We really hope Mubarak puts more Leave It To Beaver reruns on State Television. It will help to prevent riots plus Eddie Haskell could use the royalties. Eddie needs the money. He is even thinking of becoming a daytrader.
I was in line behind a fat ass lady who was all checked out but of course she waited until the receipt was printed before she started to fumble around in her purse to get her checkbook. Then she spots the chocolate bars and bends over to pick one up giving me a full 150 pounds of chewed bubblegum ass shot in my face. She put one bar on the counter and says “one free bar, that’s great, thanks”. “No mam’m says the clerk – “the sign says one free if you buy two”. So she reaches down, yet another ass shot in the face and puts one more bar on the counter and gives the clerk money for one bar, “there’s two bars” she said. The clerk says , “no you have to BUY 2 bars and then you get the 3rd for free”. So then she reaches down again giving me the third ass shot in the face and puts it on the counter.
If it was an 18 year old wearing a pair of daisey dukes she could have done this all day long.
What?
No cottage cheese thighs to go with the bubblegum ass?
I just lost my lunch.
Problem is, for the 18-yr old, you’d have to be over in the pharmacy area, by the over the counter diuretics and caffeine pills.
____
It could have been worse Jake.
She could have been in the pharmacy area when Roughneck was there and she could have been bending over to pick up some condoms.
tex and pbr served me proud today.
I swing around pretty freely even without….you know whats. lol
Ha!