Everything was going smoothly until a fucking IED detonated besides my hedonistic stretch limousine, sending “The Fly” vertical with his head on fire.
One of my larger holdings, GSVC, announced an offering of $100 million, in order to raise the stakes—using proceeds for private equity investments. For me, the story just got better, despite the dilution. This is to be expected. However, I did not anticipate an offering so soon. However, on the other hand, looking at the private equity boom, why wait? Obviously management is okay with taking a little short term pain for long term elation.
This doesn’t really set me back too much. Actually, I started buying GSVC in the $16’s. On this news, I added to my position and will be adding more, after I speak with management, providing they say the right things.
Aside from that, everything else is going swimmingly. This hiccup should serve as a reminder to stay diversified at all times. While this is blowing up, I have VCLK, GORO, CRZO, ANR and FORM shooting higher, not to mention my new position DECK performing admirably.
In short, yes, I still love GSVC because I am a greedy bastard and this is the best way to play the booming private equity market. Mike Moe knows his shit and I trust they will invest the money wisely.
UPDATE: I added to GSVC sub $17.
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dude be careful,dont get slaughtered
Reminding Fly to be careful and not get slaughtered? Come on… Remind him to breathe too
fuck thee,just because you perform in a show doesnt mean you cant make mistakes whether you own up to it or not
FROM HEAD FAKE TO RALLY MODE, PRES HAS MY THINKIN WE MIGHT GET A DEAL
thanks for gsvc,, send u a twitter last nite it was topping
doesnt matter that i was selling…
it was giving major sell signals a la Demark,,
u may remembert him he worked for Soro s and helped crush bank of england
ok well id still be liquidating..i may buy back later…im long Es futures looking for 20 s later today
stocks are ok,, silly rabbit not real he man food tho,,
Fly doesn’t accept stock advice. A lot of the rest of us here do. Next time, don’t send him a twitter. Post here on the board.
dumped gld @ 155.4
I’m thinking sell the GSVC. The equity offering dilutes their facebook holdings.
Do what you want.
I bought more.
Are you building a position of Flotekian or WNRian size?
I intend to.
buy the dip on GSVC ???
Not today. I’d expect another slight dip. People with gains will lock in tiny profits out of fear. Let the weak be shaken out and then accumulate after it stabilizes.
Out of SLV calls and PHYS shares earlier in the session and bot a big block of XIV.
hey fly, ask them how they feel about google+ as a potential competitor to facebook. i am on google+ and it’s much better than facebook. so is facebook the new myspace or friendster?
Are you picking up more GSVC at sub $16!
I picked up some at $16.30.
Just a heads up that $YHOO may be ready to detonate to the upside with tonight’s earnings. Is it possible $GOOG may be buying them out (highly unlikely)?
WARNING: trade this, and the President may go Chinese on America and shut down all web use that isn’t first routed to whitehouse.org. You may louzsh [sic] your shirt and the keys to your house if you trade this.
took a nibble
I don’t understand why you wouldn’t have used a trailing stop to lock in at least some of your gains on GSVC.
Because I am NOT you. Feel free to ban yourself.
Even when it appears like he’s losing, he’s really winning.
Ha, whatever, it’s your money. It would’ve been the better move in this case.
Props on never copping to a mistake.
TLT is a problem?
Here comes the lipstick. $GSVC
sub 17.
Going up because of supposed progress on debt ceiling agreement, because if agreement does occur, the U.S. won’t default on its bonds.
TLT that is
“What have you done for me lately?”
Check CLSN today ….
http://www.ibankcoin.com/peanut_gallery/index.php/2011/05/13/good-will-hunting-land-mines-hand-grenades/
GSVC doubled down 16.60’s
Indeud. BUY THE BLOOD
Indeud.
Bought NVDA weekly $15 calls, jack-o-lantern engulfed in flames on head style. My GLD put spread may just go ITM soon.
FLY Is GSS oversold today? I believe it is so I picked it up again at 2.78 after selling a couple of days ago..
I sold it this morning. Mentioned inside PPT
fcx up 20%
=
200 point rally at the same time treasury yields PLUNGE.
Thats healthy….NOT!!
This is fucking crazy. Trading robots gone wild. One day these guys are going to get crushed when the macro events catch them all offsides one day.
Not sure when this will happen buts its just a matter of time.
today was about housing starts , earnings, and the pres sayin we got a deal, well all most,
I know right?
Great news!!! We built more fucking houses that no one needs!!!
This whole market is so fucking retarded. Been a great few weeks on the short side so not complaining.
at 1:15 there was a big spike in LNG, anythoughts?
Sold WNR and used the proceeds to pick up GSVC on the dip.
added to wnr today in the morning before comtex smartrend “discovered” an uptrend,coupled with a new 52 wk high….
I was looking for a better entry point to GSVC for a few days and it kept ripping higher, so I got my opportunity today and couldn’t pass it up. Been buying the dips and selling the rips in WNR for awhile now, so I’m sure I’ll be back…