Wow, how absurd. After giving into market forces, selling out of my TZA/EDZ, the market went straight the fuck down. I’m not really mad, since it is expected. After all, nothing has changed but the date and our Congress is still littered with people like Maxine Waters. Having said that, I need to respect the hybrid and assume we will trick higher, by hook or crook, until we over heat. Nevertheless, I am not playing this market with any real coin.
At the moment, I am 75% cash, following my ANR purchase. I see GSVC reversed and is now eating pavement. This is to be expected with small float, high risk, equities. No pain, no gain.
My largest personal is GORO. For managed accounts, my top three are GSVC, GSS and ANR. However, keep in mind, they are all really small in the big scheme of things. I probably won’t fully commit to this market until we get a large sell off. I am very much interested in another “flash crash” of sorts. Bond yields in Europe are so high, save Germany. And, Greek debt will need to be dealt with again in September. Can you say “seasonal crash?”
[youtube:http://www.youtube.com/watch?v=BDM3uPsvmrE 616 500] If you enjoy the content at iBankCoin, please follow us on Twitter
EGO JAG in size….
You mentioned holding WNR into earnings… are you waiting to get back in cheaper
Hat tiip to the guys in the PPT for PAL – amazing and awesome move today.
I’ve been first lately when I go to post, but it might upset the 2X guy who thinks I am 18 if I brag about it.
2X, I am actually under 18 and my IQ is as high as Fly’s.
Maxine Waters is truly a disgrace. I did get a chuckle when The Bernake shot her down and said something along the lines of “Sorry Maxine, I don’t know the racial makeup of the shareholders of the companies that participated in these programs… and I don’t think I can get that info either – fuck off.”
Where is that fucknut on CNBC with that chicken shit eating grin yelling “Tepper, Tepper, buy everything, buy everything….”?
ROFL
That would be BRIAN KELLY aka BEEKER or some shit.
AKA B.K.
beeker??? oh my funniest reference ever (or ok maybe third quarter)
Financial Stand-up
fook me
Will FDX roll 100? Bought some EUO.
Nothing like a big pile of cash slowly deteriorating in value to make one yearn deeply for a flash crash…
Agreed. But I am going to diversify with my cash and buy some real estate as I don’t think the market is the only place to put cash to work.
my ability to generate down-votes is rather prodigious
Truly, that is some impressive hatin’.
lol, Huggie, you do indeed have many talents!
It’s not you, personally. You mentioned hoping for a flash crash. All the heavily long folks gave you a thumbs down. People vote their books on the thumbs up or down, just like people talk their books.
is your wnr love affair over or on hold ??? I need a wnr update
In one post he said his target was ~20 and in another he said he doesn’t look back.
Go stroke your WNR if you need it up- dated
I’m not liking this action at all. After booking some nice change in SODA and WNR, I’m 100% cash. Have to wait for some better opportunities to present themselves.
As in chicken jerky ride?
Love the ANR, been long for a long time…I just wish I had your cost basis in it. Well played, sir.
See Jake, You didn’t have to worry about me and my little dollar so much. I knew that I would have this battle with the Clam since I started posting about it last week. So far, I have a few scars from the battle but me and my little US Dollar are ok……. and the Clam is looking a lot weaker. I’m looking for a China Govt to talk about how their good econ data goes to show that they can continue to raise rates and not hurt their economy that much…which, of course, will hurt their economy.
Fly, could you please point me in the direction of whom to contact again regarding joining the PPT. I remain a luddite, and refuse to use Paypal, but would pay in a direct matter so to speak. Thanks.
[email protected]
This market will remain range bound as long as the debt ceiling issue remains. No need to commit any big money right now. I am all cash, waiting for a buying opportunity.
The only way you get your flash crash is with a default and betting on a sovereign default here seems like a real long shot.
I’ll sell half of my gold in the $1630ish area and all of my slv calls in the $43ish zone.
Moody’s review for possible downgrade…now we know why the market sold off this afternoon…had to get the GS boys positioned correctly.
Treasuries on downgrade watch, TSA patting down kids and elderly, guns sold to mexican cartels, wars in 4 countries, unemployment 9.2%, bogus carbon tax in the works…
Yes we can!
And don’t forget the new lightbulbs!
Chris Christie for Prez!
Chris Christie? No.
We don’t have the money to widen the doors on air force one right now.
http://www.youtube.com/watch?v=AGtnWyFcRx4
I like the guy, he has guts but he is a gun-grabber and is therefore unelectable…and he knows it…
Awesome Christie clip – http://youtu.be/7G16Ep0RmsE
He does need to drop about 100lbs to be more “presidential” though.
Fat people rule. They are really strong.
About time we had a fat President, like Taft, Grover Cleveland and Teddy Roosevelt….the skinny ones aren’t working.
Chris Christy Cream for Prez!
Gold futures are great fun for defaults.