This is what you get paid for, to nail tops and bottoms with space alien magician precision. I closed out my TZA position today because I captured the “fat middle.” I am not interested in the scraps. Now, I will turn my focus, over the coming days, to buying the blood.
I know your natural instincts are to run for cover in such a barbaric tape. But, just know, this too shall pass. It will become nothing more than a memory or a blip on your little charts, in the big scheme of things. I am not interested in following the herd, which is why my gains stand at 16% year to date, while my peers catch homo-hammers to the cranium.
Some stocks of interest to me include: FLS, WNR, EXK, ROSE, IPGP, CLR, ULTA, PLAB, HFC, ALJ and CVI.
I suspect we might dip another day or two, thanks to weak handed fund managers responding to CNBC. However, as they liquidate, it is your responsibility as a person with strong cognitive thinking to buy the blood and urinate on the heads of those who trade against you.
Into the bell, I faded volatility, buying XIV and August 23 puts on VXX.
NOTE: I will be live on StockTwits tonight, answering your pathetically pressing questions, from 11:30pm to midnight. $FLY Stream. Be there.
[youtube:http://www.youtube.com/watch?v=KPn-SFLSg9g 616 500] If you enjoy the content at iBankCoin, please follow us on Twitter
YEAAAAAA BUDDDAY
Amazing TZA trade.
bot some vix sep 18 puts
Downvote for saying “bot”
You may regret that. Fading the Aug vol is better as there will be a bounce post debt, but Sept, well, traditionally a bad month with high vol.
Who says i’m holding until September?
Love this site
I bot a VXX put spread into the close, FAS THY and TNA calls
Options are ridiculously expensive right now
WFM opening in Detroit. Only national chain within city limits.
The homeless are already lining up at the dumpsters around back for the ‘freebies’.
The incentive package is going to be amazing…the only way they would come. There’s a reason nobody has opened a store there. This is great for the muggers, as WF is an obvious spot for rich people to shop.
I’ll say the store is vandalized, robbed, or torched within 9 days of opening.
Bwa-ha-ha…Let your life’s decisions continue to be dictated by fear. I’ll pick up the scraps.
been locked and loaded to pull the trigger for days, waiting to bathe in the blood.
Amazing, the White House claiming the Prez doesn’t have authority to raise the debt ceiling…but they can start 10 wars without authority…haven’t declared war since FDR was in office!
Politicians are scumbags.
Let’s say it again and loud.
POLITICIANS ARE SCUMBAGS
sonny bono said that in all his years in the music business (whores) he haddent seen anything till he got to congress
“haddent” – really? Not a big reader, i take it.
i read alot, i dont spell alot
Careful Razor gets very sensitive when you point out his spelling “issues”
come on, is this a spelling site or an idea site to trade information and ideas? though my spelling is bad my mkt timing has been right on, i type too fast and post too quick sorry. does commenting on my spelling help u make money. i thought ive brought good ideas here. comment on my content not my grammar, or gramper for that matter!
You do have sound ideas, Razor and made an excellent call about being cautious a few weeks ago. amazing that you got 7 thumbs down for bad spelling. Let those 7 people ignore your posts due to bad spelling. For me and for some others, you can spell everything wrong if you want., while you are making good calls on the market.
but “haddent”!?!?
english is my second language and i can’t even come up with half his shit.
You should do yourself a favor and join the PPT. There is a lot of stock picking that goes on there daily… Some of us have no interest sharing ideas with the “unwashed”.
Proper spelling is not mandatory either.
Bring your “A” game as the host says ….
@dmg – lol
“Blame is just a lazy person’s way of making sense of chaos. “-Doug Coupland
If they are scumbags, what does that make us? We voted these people into office, rather than looking high and low for decent honest intelligent candidates to support, who do not accept Special Interest Grouop bribery. That makes us dumb. and naive, I would say.
bah…
people are scumbags.
always remember we get the politicians we deserve. always.
see. hate me if you like. i tend to think Obama and his buddy Boehner are decent honest and intelligent persons. at the very least more intelligent then the vast majority of posers here. they are players in a game bigger then them. but they sound decent to me. in my book the scumbags are the fuckers who sign the t-party pledge and try to fuck everybody in the ass in the process just to proove how fucking decent and honest they are.
“POLITICIANS ARE SCUMBAGS”
You only say that because you don’t own any.
They provide an astounding ROI on the money spent to purchase them.
60 minutes interviewed a guy one time who had a small business and had government contracts. And he had bought himself some politicians by his contributions. They asked him if he was satisfied with what he had done. He said “I just wish I had contributed more. It was the best ROI I’ve ever had.”
Looks like it’s unanimous. At least we can all agree on something.
Politicians are scumbags.
SPY and UUP went up together from Dec 2009 to April 2010. I am expecting same thing here.
But a choppy move up
Ive flipped from 30% in shorts, to almost 50% long allocated, in a 24 hour period
As crazy a correlation as it seems, the Obama “party chopper indicator” is a VERY sound sign that he has secretly capitulated. Just wish i had figured it out before this guy did: http://tinyurl.com/3jwvwa6 .Heard the choppers buzzing around yesterday , locally. Did not add up 2 and 2.
This is exactly the kind of thing that gives an edge in predicting outcomes. There was no way to stealthily sneak the flying party bus in for Aug 3rd.
But, he MAY wait until Friday to admit he has capitulated to Boehner.
Never thought Id be trading based on a helicopter sighting . But sightings of Marine one are the NEW ” greenspan briefcase indicator”
http://money.cnn.com/1999/12/21/economy/greenspan_briefcase/
Fly what is your eps estimate for WNR this quarter?? North of 1.75??
Razor – Thank you for the FU. By the way, the sky IS falling!
thanks
as i bot back in today 1/4 pos. lng,clne and gld, i still sit w/ 60% cash. your xiv call is a great one , but if u think the mkt is going lower why not wait till tomarrow, just askin?
there ya go…
that’s more like it. your txt flows better when it’s from your blackberry.
Unbelievable trading Fly. Even with access to the PPT it still takes a man with CHUTZPA to see a trade like that through.
My favorite rig pig tells me ROSE could do very well in NW Montana Bakken play; MUR in the same play on both sides of the border. On the Canuck side drilling rights went from $100/ac to $1500/ac for this play in 18 months. Junior DTX.TO looks good.
DAY.to mother fucker. Get in for the ride.
“Man up”. Indeed. I have wasted more opportunities not participating in the mathematical wisdom of the PPT, and its winged creator than I care to admit.
The PPT is just unbelievable for range bound markets. It literally is a time machine
one thought, banks in trouble, people not spending. how can we get the banks profitable, increase interest rates globally, screw the people.
Increasing interest rates screws the government with the most debt?
in turn who pays the gov,
it will be time to get UBER bearish on this market when IAI bounces. That is the BEST indicator of sideline money activity ( broker dealers)
You cant really crash this market until the retail sheep get sucked back in long
Expecting a potential IAI rally into winter 2012 ( romney euphoria)
Right before romney turns this country into a replica of brazil:
Some really rich cities, and the rest will be slums that look like a mad max movie
i don’t think romney has enough crazy christian fanatics behind him to get through the white house gates. i think if he gets close, they’ll come out of the woodwork and start talking about how many of his loved ones he’s had to shun because the “church” kicked them out.
good thought,,how many r in a brazillion?
Wasington DC is a cesspool full of scumbags. Fire them all for not getting this debt ceiling passed should be focusing on jobs and growth.
if we put the gov in charge of the sahara desert, they’d be out of sand in 2 yrs
Not so. The government is as efficient as a fine Swiss watch. It’s a matter of what their actual goals are, and for whom they are working. Hint: They’re not working for us voters.
by focusing on job and growth i’m sure you meant stimulus packages, infrastructure spendings, R&D tax credits, student grants, tax cuts to small and medium enterprises that create jobs, special depreciation programs for production equipment investments, etc…
golden showers to all beartards
and while you’re at it don’t let your meatloaf
silly US politics:
http://www.live5news.com/story/15154990/sc-woman-gets-jury-trial-for-display
mad money, guy talkin coupons, have u seen this, something sells for .89c, on sale u get 10 for 10.00, lol
Well, I guess these salespeople look at us all and say “These are the people who voted in the current Congress. Are they dumb enough to go for this?”
SHOMP!
The Dems know the economy is going back into recession ground and will need a scapegoat.
They will blame the GOP for allowing a debt downgrade and will point the finger.
SRS is the play
http://www.youtube.com/watch?v=STcDMoQ4KT0
Watching a favorite video on FORA.TV of mine. “Since there is no such thing as an average cost of a joint product I have no need to open that book.” What is the cost of bacon? How do you price something that is a indiscriminate part of a whole? Value is more nebulous than we would all like to think, especially with Helicopter Ben at the helm. Risk, NPV, VAR, its all how you slice it. Usually its hindsight that determines reality. Those that are early are eccentric, late, historians and timely, genius. Maybe we should all just rely more on reason. Fly of course is Genius.
I’ll be on StockTITS in 5 mins
Sounds like you intend to hold BPFH for awhile … no target, just holding till PPT says OB?
You say you are nailing the bottom. Aren’t you being a bit presumptious? We may be dangling over the abyss.
Market cycles are in fact converging and many will be surprised as to what will come in the near future! This will be the impetus needed to trigger the next leg of this market – up or down you ask? Congress nor the Senate nor this inept White House will make a difference. We have overeducated under common sensed people in charge. Imagine: ” Shovel ready jobs were not so shovel ready”! “We need to pass this thing to know what is in it”! People….you choose to drink the cool aid or not! Cycles will determine market direction…..period!
I actually increased my beta today. Alpha isn’t generated by being a pussy.
foolish men buy this market in July and august. Too bad you haven’t learned ur lesson yet. Volatility and downside is better in these months.