iBankCoin

History is Repeating Itself

I reduced my cash position into the bell, adding to current holdings and starting new positions in FAS and BPFH. My cash position is now down to 30%. I am fairly confident that we edge higher, led by banks and semis. Therefore, I put my money where my mouth is, AND MORE.

For the day, I was up 0.05% aka flat. GSVC bounced following yesterday’s bloodbath. And, I look forward to holding DECK into earnings, scheduled to report tomorrow.

All in all, today was a perfect consolidation day.

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42 comments

  1. Josh

    The idget Euros scare the hell out of me…but I guess that’s why you’re the fly and I’m not.

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  2. The Zombie

    The Fly is God.

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  3. Bill Johnson

    Fly, I think DECK is scheduled to announce earnings on the 27th, next Wednesday?

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  4. stoshy

    Can you please ban anyone who says “fly is god”… its just gay

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    • Xmas_Ninja

      OK, so I clicked thumbs up like the resta you numbnuts, although I don’t endorse hemophilia. The odd thing is I could swear the count went from 25 to 27. There must be an exponential algo that kicks in once the count reaches stratospherics. This is how the majority overwhelms the minority.

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      • Bullish

        Or ponder this… Perhaps, somewhere in the world someone else happened to be reading this very same blog and hit the thumbs up button at the very same time…. Or it could be a case of an alternate Xmas ninja from an alternate dimension – x files style.

        Never know

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    • The Zombie

      Stoshy is obviously new around here. Not happening, pal. Check out this site’s archive posts back to 2007. Welcome to The Church Of The Fly.

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      • Dr Fly

        Zombie

        This is not the loyal crowd of 2007. These fucking readers here today, even some ppt members, are fucking barbaric ingrates.

        They will miss me when I shut this popsicle stand the fuck down.

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  5. Qman

    I was laughing so hard the other day when Fly asked a commenter to ban himself

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  6. discoordinated

    of all the better-than-expected results after the bell today, nothing is really trading up afterward.

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  7. panamaorange

    When the “Persian Sombrero” Axis invades the USA, my vast stores of emergency rice will make me quite wealthy

    http://latino.foxnews.com/latino/news/2011/05/17/iran-building- secret-missile-installation-venezuela/

    All hail our new soviet-muslim-mexi-persian-narco-fascist overlords.

    Lamb tacos for all.

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  8. theedge111

    ES puking after hours.

    When stocks pull back on good earnings it’s not a good sign.

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    • Frog playing a colorful accordion in a bankrupt Italian village
      Frog playing a colorful accordion in a bankrupt Italian village

      Not necessarily. Earnings matter less than guidance for the next quarter. When stocks pull back on good guidance, that is a problem.

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  9. Quint

    How did you buy two measly positions and go from 50% cash to 30% cash?….something doesn’t add up…I think your accountant is skimming from the top.

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  10. razorsedge

    fly was just lookin at brcd, any idea what happened, ?

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  11. Johnny2time

    Long XIV and loving it (feels like I’m cheating).

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    • razorsedge

      r u long calls?

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      • Johnny2time

        Long common, last I checked there are no options available for XIV. It would be pretty sweet if they did as I’d sell as many puts as possible on the big sell offs.

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    • Yogi & Boo Boo

      You’re long 14? WTF? How can you be long 14? Can I be short nine? How about five? BTW, WTF is 59? VIX?

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  12. DMG

    Quite.

    History is repeating itself. Same scheiss, different day.

    http://news.google.com/newspapers?id=DH4xAAAAIBAJ&sjid=4aEFAAAAIBAJ&pg=7253,4938880&dq=debt+ceiling&hl=en

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    • Yogi & Boo Boo

      But wouldn’t it be nice to be back at a debt limit of $798 Billion?

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  13. JTU

    KNDI shares have soared over 40% in 2 days!

    Kandi Technologies Set to Be Big Winner in International Electric Car Market

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    • Po Pimp

      Too bad that shit ass industry will only sell about 5 cars over the next 10 years. Big winner in a fucked industry = lose your ass.

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  14. razorsedge

    some of the posts here remind me of lenny dykstra,,,

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  15. Dr Fly

    Everyone who thumbed down will be hunted and killed.

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