NEVER come here and offer me financial advice, you little trollop. None of the shit that you are doing is relevant to me. The problem here is two fold: 1. I don’t give a shit about what you have to say, save access to ample plutonium supplies. 2. Nothing you have to say is better than what I already know.
I know exactly what is transpiring, even when losing money. I’ve been doing this shit for a long, long time and do not require the services of inferior people. In short, you should know your place by now and refrain from speaking directly to “The Fly.” Should you wish to speak with me, first, send a hand written, and notarized, message to one of my underlings. They will screen said messages first, weeding out the clam-chowder. Then, in due time (1-3 years), I will pick one message from a hat filled with notes, answering just one of them over the course of the next ten years.
Most of you are just shit throwers of the first order, guessing wildly at things, ignorant of worldly events and things of that nature.
I just sold out of some positions, raising my cash to about 30%. Essentially, today’s move lower wiped out half of my recent gains. It took just one bad day to annihilate my positions, after rebounding off the lows. This is very bad for investor sentiment. Today’s drop is too quick, too sudden, and will likely lead to another leg lower. Whoever was buying silver and oil last week is sick and tired of this shit and is more likely to capitulate before buying more. These aren’t garden variety moves. These are “fuck you and your couch, bitch” type of moves that I want no part of.
Inside of my personal, I made a lot of wholesale changes. At first, I bought more ALJ, then I sold the whole positions at around $12. I didn’t like the way it was trading. Also, I sold out of TER and EXK, keeping just WNR and ERY.
People are of the mindset that the Fed will always step in and make things right. But there is another frame of thought that is beginning to permeate, which entails the Fed desisting from intervening via ending quantitative easing. If so, there will be ramifications through deleveraging. Perhaps we are seeing a bit of that, over the past week?
One thing is for certain, whether you are a bull or a bear: this market is extremely complacent. It won’t take much to send this fucker down 10% in a flash. Therefore, you should protect your assets from the worst case scenario, starting right motherfucking now.
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Into the close, FIG.
What was the symbol of that chinese hook up site again?
FUQI ??
No, nevermind. That’s something else.
let us see PPT oversold again!
87% cash, 11% Dollar and 3% BS.
lol …. nevermind.
3% bullshit? Much better than CNBC. They are 99%.
CNBC was unwatchable today. They would get somebody smart on there talking, and then some blowhard would jump in start shouting crazy shit before the first guy could finish a sentence. I had to turn it off. Do they think people like that stuff?
That’s why I switched to Bloomberg… and I miss Erin Burnett
I know why Erin B left. We all miss her……..
What was interesting last night was Australia…They are getting hurt by their strong Aussie Dollar, so last night they were talking about cutting stimulus spending to slow down the economy vs rate increases. I wonder if that will be a trend in a lot of the “hot economies”. For the Clam, as long as the NFP non farm payroll is pushing up, his powers to piss me off is diminished.
Bill Miller is secretly stockpiling plutonium. “The Fly” you must be smart, like Bill Miller.
Wow , that ERY is melting down……….back to the crap
tables . Hope everyone had a great day .
MELTING DOWN? REALLY?
2 reasons to not short QQQ Nasdaq:
#1 AAPL exhibiting a bullish”high and tight flag”on daily chart
#2 GOOG YHOO RIMM too beaten down
Some day I hope to work my way up to intern to an assistant to one of your underlings.
Le Fly needs a hug…
Just sent in my handwritten letter… Still holding AG?
Did you remember to get it notarized?
Chinese inflation #’s tonight.
Could be a shit show tomorrow if they are bad because it will put more pressure on the Fed to discontinue QE.
It’s time to land the Helicopter Bennie!
Get ready for this countries Greatest Depression. It’s coming like it or not.
Actually, China posted CPI numbers last night. LOL, those darn sneeky China Govt was getting pressure on leaking the numbers that they had a wrong rumor this month of 5.1%…it turned out it was 5.3%. Tonight we get to see how much Milk New Zealand is selling, Australia’s Jobs, Japan data that no one cares about and Europes PPI and Industrial Production numbers…but watching the Greece Strikes are a lot more fun.
Mr. Market is frying up some bull liver and fava beans simmered in Sriracha sauce.
fed to buy 93B in treasurys net month,,,
I’m sorry!
I read that CME just announced another round of margin hikes on gasoline and crack spreads after the close tomorrow.
shits getting depressing any fuckin more,took a nap,woke up to a nightmare.
excellent post
thanks fly for sharing your thoughts, always appreciated…
A few weeks ago, after getting some of my it’s-time-to-take-profits-and-dump-stocks paranoia feelings, I dumped these. As you can see, I kept them on my watch list so that I could second guess myself. It looks like I guessed right, so I am still glad I dumped them. Dollar comebacks are very bad for commodity related stocks:None the less, I picked up silver at $35 today, so there is still time for a fool and his money to be soon parted. I have been unable to pick up Intel at $22.50 for the last two days, and it looks like it is getting away from me.
Watch Lists Edit
Enter Symbol or Name
List Name:
SymbolSorted Ascending Last Price $ Chg % Chg Volume Bid Ask Alerts
ABAT 1.54 -0.06 -3.75 1,349,131 1.65 1.69
ESV 54.48 -1.97 -3.49 2,907,309 54.49 54.50
GDXJ 35.82 -1.73 -4.61 4,449,554 35.83 35.98
GLW 20.77 -0.18 -0.86 9,501,332 20.75 20.76
GWMGF 0.80 -0.07 -8.05 707,689 0.795 0.807
HDY 3.49 -0.41 -10.51 2,592,093 3.49 3.50
IYE 42.41 -1.23 -2.82 578,117 42.16 42.63
KOG 6.19 -0.33 -5.06 3,442,175 6.19 6.20
LEI 2.58 -0.16 -5.84 323,278 2.58 2.60
MVO 38.97 -0.67 -1.69 76,511 38.88 38.97
NE 39.80 -1.47 -3.56 3,807,086 39.79 39.80
PPA 20.52 -0.13 -0.63 63,603 20.36 20.67
PVR 26.07 -0.43 -1.62 339,353 26.04 26.07
RBCN 25.21 -1.00 -3.82 534,696 25.25 25.69
UURAF 0.76 -0.0575 -7.03 240,229 0.77 0.78
XLE 74.26 -2.21 -2.89 41,209,777 74.04 74.19
XOP 57.84 -2.64 -4.37 11,296,820 57.55 58.97
Export To Excel Export to Excel
ouch
it might be time to try some VXX (again) [maybe this time it will work]
My thoughts too, what strikes & expy. for you buylo?
I think the only thing Cramer has ever been rite about is CSCO. I have never made a freakin dime on his recommendations. Now THE FLY is a different story! I am a FLY GIRL!!
What a fucking joke this site has become…a bunch of idiotic traders in the best buy-and-hold market in the past 10 years. You guys need some fucking Prozac to calm down.
Energy and commodities get smoked, the dollar rallies and bonds rally and everyone thinks the world is ending….these are the best signs of a good long term buy and hold market that true investors could want.
Last week you all panicked, then there was a two day fake rally and the speculators here were back to cheering and buying gold, silver and oil – like that makes a good environment for a strong long term stock market and economy.
The Fly puts 50% of his fund into silver and refiners and calls that investing, then reverses as quickly as he got in. He claims great returns but never discloses full positions and average prices – even inside the PPT.
And then he is 93% invested while his PPT signal is registering a 3.25 yesterday…how could you listen to someone that doesn’t follow his own tools that he is trying to sell you? How desperate are you people?
Alphadawg makes up his returns and magically top ticks and bottom ticks key trades to enhance his performance…Jake is great to read but doesn’t provide enough trade information to make his money making skills believable.
It’s 20th Century snake oil salesman selling the tonic of the times to inexperienced traders in a buy-and-hold market….paper traders, they are all..
Let me be the first to tell you to STFU. There will be others, I’m sure.
I don’t know how you can claim to know what’s going on in the PPT and then say I don’t provide enough “trade information.” I’m one of the few that provides price and amount.
What do you need, someone to hold your freaking hand?
________
Go suck on a homohammer. Whatever point you are trying to make is idiotic, as you try to describe me or most of the people here as “buy and hold” investors.
Let me know how your strategy pans out over the next 5 years. We will see who ends up winning.
Lick my BigDog Balls! Both of you!
you are a pathetic excuse for a dog
Do you know why a dog licks his balls? Cuz he can!!!
yea but some cocksuckers have a neck bone like a dog.
“Lick my BigDog Balls! Both of you!”
Requesting to have a couple of guys lick your balls? Now I understand why you are complaining about this site. You have obviously mistaken it for match.com. Once you’ve logged on to the correct site, your social life is bound to pick up.
BD,
If I wanted buy and hold, I’d hire a fund manager. Buy and hold is for the retired and senile, – are you fucking kidding me? – for the possessed who need to be burned to the stake a la France witch hunt in the 1700’s. There have been record corporate profits, earthquakes, middle east riots, are you getting all of this?
Best buy and hold market in 10 years? Some of us can make money in an up and a down market and that is the difference between you and I.
Go back to fucking your shitzu.
poor craftsmen always blame their tools !
Anyone have an address for a Fly underling who can ameliorate my impure thoughts. Per the Master’s instructions I would send a hand jobbed message written on organic tp.
Big”Beta”Dog: “To the dungeon.” May you start your gnaw with your lips and dominant thumb in 48 hours.
futher update on the fuckuicus situation at alj, they are building new and reinforcing levees to protect refinery property, but with opening of the flood gate may cose refinery for weeks,,,,