There are many lessons to be learned, small boy, regarding the surreal events that have transpired over the past week. At the very minimum, you now know, once gain, to never bet against the guy in the time machine. I demand that you leave this site at once, if you do not pay homage to the Zeus-like control that I possess, with regards to destroying my enemies. Remember, you’re not paranoid if real people are out to get you.
My lifestyle is simply better than yours: better sheets, cars, clothes, wines, foods, wife etc. The list can go on for days.
Broaching the subject of this market: sure it’s overbought. But, it’s important for you to know the story never plays out the same. Just because The PPT flagged OVERBOUGHT doesn’t mean I need to adhere to it right away. There are many factors to consider before making a directional bet. My call was exact because I felt there were so many shorts out there betting on a repeat of 2008, only to later get flushed down a dirty urinal in short order. Again, the story never plays out the same.
I’ve been talking about my options account as of late, because it’s my new obsession. Secretly, I’ve been trading everyday, buying and selling. I rather not discuss options because many of you will misconstrue and lose your fucking homes in the process, betting the wrong way. But if you insist, I am up 55% on my options account this week, long a variety of the names I’ve mentioned here. As you know, FAS is one of my options plays—up 40% since yesterday.
Keep your eye on copper and be sure to take profits or lighten up around these levels.
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options are stupid.
dont tell him that.
Way to go Fly
Awesome moves this week.
WNR 18 failed….. sell now
Admin
Please BAN Tony T. Full ban.
18 penetrated………….happy??
LOL, 18 penetrated by the WNR.
he said penetrated
only idiots sell when a certain magical number is not breached. Take your charts and shove them up your ass.
Amen to that preach!
it was sarcasm… i am long
Mr Fly
I would greatly enjoy it if your talked more about your options account. As long position sizing is done properly you don’t have to worry about getting blown up. Thanks for the awesome work you do.
And you think everyone who frequents this site is going to have the sense to do proper position sizing? Not a chance. Fly is right. Options are not for amateurs.
Once the money stops rotating out of gold and into equities I’m sure both it and silver will start going up again. XIV is some sick shit, seems like it should be illegal.
My goal for July is to hit a 2000-4000% gain on a weekly option. They are ludicrous instruments, grown from the trees of temptation, silently gaining gravity as they ripen while their stems lengthen and tense just prior to the perfect opportune moment when they must be plucked for their ebullient nectar.
“ebullient nectar” is what I live for
Options are manipulated by dirty old men.
If I had to guess, I’d say you started drinking again…and the bathroom is not leaking.
options. they can become addictive,and you’ll end up in options rehab.
I’ve been trading options for 15 years. Don’t worry I’ll be fine.
I have a question about options, but I am stuck in a dirty urinal
Urine trouble [sic].
ha!
ask me.
http://www.chinapost.com.tw/business/asia-taiwan/2011/07/01/308217/CBC-hikes.htm
good to see you out here again
yep, this week is just silly.
took profit and raised 20 percent cash and bought some TZA today.
sorry, too much too fast.
Who ever is selling WNR @ 18,its obvious buyers will pay more,try raising the offer
Yessssir! Don’t sell to you see them begging for it.
What is this, a porno site, LOL?
Beg for my WNR!
This kind of Umlaut?
http://shop.umlautarms.com/
Nice!
FTK looking good here – will roll 10…………………..eventually – patience.
Silver?
still long EXK
after yesterdays which way do we go, this is nice…and for the moment i feel at peace. secure in my trades and just lovin life, sellin mos yesterday at 68.07, and buyin back at 66.01….life is good, everything is green today, even ldk is up 3.5% fsys up 12%..tonight we drink, tomarrow we sail! or sell if shit hits the fan!
anybody shorting WNR here ???
Why would anyone wanna short WNR
to buy it back lower… you short wnr at 18 and buy it back at 17 its really quite simple
You have no sense of humor
Fly,
Blog is amazing. But your assessment of the market (& your holidings) is completely schitzo. I know as a trader your thought process needs to be fluid; but your “Overbought, I will be raising cash shortly” was irrelevant within hours of posting it; now you’re holding b/c you dont need to follow the PPT right away? Make up your mind for Christ sakes. You’re a habitual flip flopper.
Oh boy this is going to be great.
the market changes by the second, so should u stay in a wrong position. i kinda like the change.
I don’t need to do anything but ban you.
turn the other cheek, u r makin money and can aford it.
What more can these little trollops want?. NO ONE IS MORE CONSISTENT than me. I’ve been pounding the table for weeks now to be long and to buy the blood. The fact that I am now talking about selling should not take away from the fact I’ve been 100% right.
BANNED!!!!
I doubt he’ll respond. My zecco account probably lacks the appropriate amount of zeros.
Cut a little piece of my WNR off today and added a little TZA!
Razor, but the change seems compulsive. We all find the blog very entertaining, but there’s zero consistentcy. C’mon, Fly has been long forever but his Logo is still bearish? C’mon…
yesterday i was ready to pull the triger, today chicago pmi ….different circumstances
You are one asshole comment away from a full ban. Anyone who reads the site knows I keep the banner because it brings me good fortune. I’ve left it there since 2009.
is ppt really really really overbought now ?
Wouldn’t you like to know?
You were the same fuckers who mocked it last week when it was oversold. Don’t you idiots get tired of being wrong?
Keep in mind, you’re all more than welcome to ride in my rocketship, instead of trying to build your own.
How does one get a seat?
senior fly ru still holdin FORM?
yes. LT hold.
Great timing, Fly. As always! And thanks for the advice. It allowed me to benefit from it. Not in Fly-like quantities of course. But enough to maybe upgrade my sheets to a more respectable Fly-like thread count 🙂
I wasn’t expecting a real response.
Fly you trade like a crackhead; grab some balls, take a position and stick to it for more than 10 minutes you junky cocksucking prick.
I say that with all the respect in the world of course