Whether you know it or not, we are at a very important crossroads in the market. Either we melt the faces off of bears, indiscriminately. Or, Greece sets off a series of events that will make you regret being born.
Naturally, I am playing the long side, as it is the higher probability play. However, it’s worth noting, The PPT is currently OVERBOUGHT, which makes me a little nervous. It’s not official until we close OVERBOUGHT. Nonetheless, should these high hybrid levels persist, I will have no choice but to obey the hybrid and go to cash. It nailed that OVERBOUGHT QID call last week like a fucking space alien magician with advanced copies of the final exam.
My money is long commodity related names, like CLF, OXY, WNR and CVI. On the tech side, I am long BGC, SOHU, TZOO and FORM. And, for shits and giggles, I am long VIT and HOGS.
My entire life force firmly believes in the refinery story. A very large percentage of my assets are long WNR. Hence, as WNR goes, so does “The Fly”.
UPDATE: I sold out of OXY.
UPDATE II: I sold out of CLR.
UPDATE III: I bought CY
UPDATE IV: I added to WNR
Tenth. Flies are Maud.
Lets not forget your $EXK call last week….I picked up some of that and $SLW ….sold today up 9%….thanks 😉
VIT it is – http://seekingalpha.com/article/275871-top-10-oversold-stocks-experiencing-increasing-short-interest?source=marketwatch
Yea, I saw the PPT too and recalled last time. ‘
I bought a smidgeon of DXD.
The first three sentences are my thoughts exactly.
As wnr goes, so does outofmiddleclass as well..let’s get it!
And I, of course, am on the other side.
You are right to be bearish, but you will be wrong, of course, because that’s the way it goes.
Yeah, being logical about the stock market is the road to ruin most of the time, as noted below here also. In 2001 and 2008, maybe it worked, but those are the only years in the past couple of decades. And you probably could have used some kind of TA to figure out those years instead of logic and been better off. You want to slide into such a bad habit as using logic to analyze the market.
Frog…This Monkey with her accordion has to learn to play the music. IMHO market is not this stupid Random Walk stuff with Everything priced in at the moment it is released. Its just one big Soap Opera which the players act the same everytime…its just getting all the pieces altogether…..Great Unwashed, I am wrong most of the time so I am pretty used to it.
i’ve been making bank using my logic the last three years, maybe my logic is just better then yours, the key is you need to understand human nature and use your logic to beat out the flawed, weak, scared and stupid masses.
John..Mine has been learning the in’s and out’s…2009 I didn’t even know what a Sterling was…it is a amazing learning curve for me. Glad you are doing well.
AIG looking stronger day by day. IS it finally the time?
QOD: Do YOU stand up or sit down?
http://isitnormal.com/story/wiping-26527/
WNR and AG of course!!
Won’t Greece eventually make us regret being born? I mean, even if they come to some sort of agreement, aren’t they just delaying the inevitable? And what about Portugal, Spain and the rest? Isn’t a “series of events” just a foregone conclusion? The politicians are just avoiding the problem so they won’t get stuck with the blame today.
Fly said it best earlier today…don’t be logical, it won’t get you anywhere in this market.
Indeud. There is a lot more potential for bad news than good. Unless someone invents cheap simple nuclear fusion tomorrow, I can’t imagine we go up outside of Ben’s big inflation machine. And that isn’t really going up. It’s faking it.
Get short wednesday, buy back on friday.
WURRRRDDDDDDDD NIGGGAAAAZZZZ
ps. I truly hate most of you.
Ha
I’m long right now you cock handlers.
Where are all the cock boys that usually hate on Fly’s positions?
They’ve been buried alive.
When I was in Akron once I did eat a Greek Gyro that made me wish I wasn’t born.
I think that the Trading Nymph will be proven correct in time. Just don’t know when. I have been heavily long but I am starting to take more off of the table.
A Bear view from a pretty good manager.
http://files.parsintl.com/eprints/22991.pdf
This bounce is over. Anyone with a clear head goes short or straight to cash here.