“The Fly” is in his race car, made from dynamite sticks, foot firmly pressed down on the gas about to jump over the crevasse, because he thinks he can. There are no limits to what I can accomplish. With big balls and a larger than life mental disposition, there is nothing you fuckers can tell me.
Analysts are the worst investors out there. Everyone knows that, even worse than Doctors. Let’s cut to the fucking chase. You little ass pirates are wannabees. You crave attention from the media, luring them with your provocative market calls. But let’s face facts here, pal: you’re not an esteemed economist from NYU and didn’t call the collapse of the housing bubble or the subsequent market drops in 2008-2009. You are nothing more than fodder for my cannon fire.
The summer winds have shifted once again, this time in favor of those who are not interested in burning it all down. Sincerely, you guys who crave for black holes and collapse can go fuck yourselves, every which way but loose. We’re gonna climb out of this ditch and transform into Optimus Prime and stick a space sword through your helmets.
With 30% cash and year to date gains nearing 9%, I am well positioned for Jackson Hole. By the way, if you are short stocks here, I invite you to “get in the hole.”
You feel the pendulum swinging. I know you do. Did you see gold, silver and treasuries get poleaxed today? I know you did.
Regardless of what Bernanke says, we’re going the fuck higher in September. Write that down. Until then, there will be corrections and some will get tossed out of their positions, but not me. “The Fly” has the conviction of 10 bedrocks, supported by his own ideologies which are opposed to everything you believe in. I take conventional wisdom and throw that shit to the ground (no SNL).
In all seriousness, the tables are turning and extreme upside potential is near, providing bulls take the ball that was just given to them and run with it.
Top picks: DECK (common and calls), WNR, CXO, IPGP, VHC, GSVC
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DECK! 😉
they’re coming out with furry boots for aliens! 8)
Billy Meyer is making stock calls now?
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Meier … unlikely. He calls himself an anti-materialist.
I’m thinking what does Billy Meyer, a dead baseball player and manager, have to do with aliens? Autopsies maybe?
Ive taken back nearly everything that was stolen from me two weeks ago. By the time the “Bearded One” has spoken, I shall be back at all new highs for the year.
I’m +75% on DECK calls.
What strike / exp?
bipolar.com….. I took the opportunity to sell and raise cash on close. This looks like a low volume bull trap
>>…the tables are turning and extreme upside potential is near, providing bulls take the ball that was just given to them and run with it.<<
Which "ball" was that, other than the "bounce from a severely oversold condition" ball? It certainly wasn't the "European swap-spread ball" or the "German economic data ball" or the "Richmond Fed ball" (although I will grant you that the "durable goods ball" wasn't awful).
You will see the ball, when I am bouncing it on your face, exactly one month from today.
It’s a date (no homo).
Hey, I’m not short here, just around 75% in cash. A nice high bounce would be fine with me as I’d probably sell my longs and get short up there. I’ll take around 1330 on the SPX if your spaceship can deliver that.
1275 is all we’ll get, me thinks.
__________
It’s not so much of a ball as a can. The bull’s have grabbed the can that was getting kicked down the road.
Minerva, my pet owl, spread her wings this afternoon long before dusk. This bullish sign means that either we are beginning a pricing renaissance or, Minerva was just banging Fly’s owl. I’m long the pricing move.
http://dilbert.com/dyn/str_strip/000000000/00000000/0000000/000000/00000/0000/500/575/575.strip.zoom.gif
Replace Dilbert with Obama, then
replace “founder of our company” with .founders of our country”.
As I posted today in a previous blog …
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I SOLD some LONGS …
I ADDED some SHORTS …
I ADDED more to my SHORT position @ the Close !
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Now very much leaning to the SHORT side ! fwiw
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It ain’t worth much…how’s that net short treating you?
A blind man could have made that call.
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…talk to me tomorrow little man !!!
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In The Land Of The Blind … The One Eyed Man Is King !!!
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I am not necessarily replying to this particular thread, but can you add a feature to allow a request for a ban? I do realize it would likely be abused, so it might have to have an algo behind it. For example, only I woud see the ban vote, but the rest of the site would only see it once it reach 1 million. Therefore, you could come in for the money shot. Just an idea.
lol, BANNED Kenny Powers. You mean like that?
This is such a fat pitch I can’t believe it. A gift from God.
The rally will top out at 1200 and we will hit new 1 year lows in September. It is almost too easy to see this.
I have not covered any shorts and have been adding to them. Will also be selling longs as the week winds down.
Place your bets gentlemen.
Still have hopes for BEE?
still in
Sir Fly,
What is it about CXO that leads you to prefer it over say OXY?
Bakken
mehh you made a new post when i posted this so, i say, i say again.
So you’re willing to bet that much capital on the the Jackson Hole outcome? Or are you going to be looking for an early exit off any pre jack rally? Seems like a risky strategy considering if we don’t get the nank’s blessing the downside potential would be swift and strong. Where as if we do get it, the potential for a longer term upside rally is there. US data isn’t that bad, not nearly as bad as flip floppy bear shitter pussies would like us to believe, especially seasonally and that sprinkled with a truck load of coke could result in a strong end of year performance.
This is kind of funny. Rememer when we were making fun of Ken Fischer with his crazy hand flailings?
This dude must be his son.
__________
It’s like he’s subconciously riding an imaginary bike with his hands.
monsuer is being optimistic.like micheal jackson comes back to life and does a 100 yard reverse moon walk while singing billie jean or thriller…….
That petrified ped MJ is NOT be compared to Flydude. It is always nice to be so broke to not be able to afford ur own funeral.
BTW: Was in a Apple store today. I was put on a waiting list. The entire county I live in is flushed down the potty……yet Apple was packed. Craziness!!!!!
I aint playing the J-Hole.
Hole haters
Hatahs gotta hate.
______
The fact that the fate of the markets rests with the words of one man is deeply disturbing. Doesn’t anyone else find it disturbing?
I could prolly think of a few other words to describe it !
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Unfortunately one man is the only one that’s going to do anything about it while the rest of those assholes bicker over debt.
Nothing of note will be announced by Ben this time. He already did his “two year, interest free” announcement like a car dealer long in inventory. What else will he say except the usual tripe. Besides, he doesn’t want to upstage Barry when he makes his Labor day “saving or creating millions of jobs” speech…
Yes, the market should really rally then!
_________
Dear Fly,
For the record, it is not that any of us bears WANT to see black holes and collapse out of spite. It is because we realize the whole system is f*cked up beyond belief top-to-bottom (starting with Bernanke who has raised himself to the status of demagogue), and a crash will be the only way to reboot which will be good in the long run.
See that’s where you’re wrong, shit’s been this fucked up across the board for ages, saying this time is any different could be the definition of ignorant.
I see Bernanke gave the orders to raise gold margin requirements today. He wants doesn’t want his minyans putting their savings in gold or low-risk fixed income instruments (like CDs). He would prefer that we blow it on big screen TeeVees, second mortgages, and iPads…or on high-risk equities. Remember: To Bernanke, the stock market is the ultimate economic tool–manipulate it up, and the rest of the World’s problems including housing, sovereign debt, and unemployment will solve themselves. Bernanke is the most dangerous man in the World.
What if he’s right?
Maybe those problems really will solve themselves and our number one concern right now should be driving up the stock market.
The [renminbi] will eventually become a true international currency, but that status will be achieved in a decade or two rather than in a year or two.” FXSTREET.COM.
I think the point is JPY Yen is still bench mark.
As mentioned here: http://www.ibankcoin.com/peanut_gallery/index.php/2011/08/15/physical-currency/
AAPL -Steve Jobs resigns.. finally .. a great man.
Interesting timing. Sell the news?
Of course the normal reaction is to sell the news but, remember that AAPl knew this was coming, they have built their strategies around it, they have nurtured Cook, they have more cash on hand than any public entity you know of, they are building a monopoly in several markets and they are absolutely ballsy in their marketing and product development. So yeah, sell, if you want but, know for fucking sure that AAPL is alive and well. God Bless Steve Jobs.
yeah, plus we are going into holiday $ea$on.
Funny timing as a tier 1 firm names AAPL to its research Best Ideas List about 5 mins before the news came out, lol:
We name AAPL a Most Preferred stock .. relative to our fundamental analyst coverage for the next 3 Months….
Catalyst and Thesis — We expect the introduction of several new products in coming months, including iPhone 5 and an iPad with higher screen resolution, to fuel very strong results during the peak holiday selling season. Valuation is also very attractive at approximately less than 10X FTM EPS, excluding net cash.
Steve Jobs for President.
S&P 500 to 10,000 under his guidance.
Then when he passes on we can put his picture on the new $500,000 bill. It would be fitting.
Steve Jobs resigning from Apple might tank the market as Apple is a leader.
There’s an app for that – i-resign
I thought the same thing last time he left…the Appleonians will have this stock higher tomorrow, they never give up.
At least wait for the double top at $402…watch GS will come out with some upgrade on it tomorrow.
“The Fly” is in his race car, made from dynamite sticks, foot firmly pressed down on the gas about to jump over the crevasse….”
Be careful on the other side.
Wile E. Coyote, CEO of the Acme Corp., is waiting on the other side smoking a cigar and intends to flick the ashes at your dynamite sticks
“Meep, Meep.”
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In apple $351.20 out $356.30. $5K in 3.5 minutes. God Bless America!
“If you really want to fuck with these funds, you take down AAPL. Then you will see panic and despair.” –The Fly.
One of the best commencement speeches I have ever heard from Steve Jobs, an American hero and icon:
http://www.youtube.com/watch?v=UF8uR6Z6KLc
Much respect.
Prof. Fly,
May I be bold enough to inquire about your almost unnatural love of DECK? Are they very well off from a financial standpoint? Because in my humble opinion those furry shoes are the most abominable creations ever and I hold small neighborhood campfires whenever my wife gets bold enough to bring a pair home. Or does Mrs. Fly buy enough pairs to make you an “insider” ?
Your humble student,
JewishMantis
who is this Steve Jobs guy…
jack welsh
Apple is a beast of a company and Ceasar has left the bldg. This AH bullshit sell-off aint nothing. Wait till tomorrow or later when AAPL settles to buy if you believe. Once this news hits the Appleheads and Steve Jobs followers, the shit will hit the proverbial fan. Love AAPL but for any of you that have ever run your own business…..who the fuck works harder than you in your company and who the hell is steering the ship? …exactly!
Steve Jobs is the fucking MAN! There is no replacement.
Aloha!
More important news? Steve Jobs or Chmn. Bernanke? This chair says Clam important because what he says is actually irrelevant while Jobs news affects the creative pulse of the company. Does that mean I think T..Cook will be another Steve Ballmer. Good God, NOOOOOOOO. When investors stop reacting on immediate news they will be better, when they stay trying to be part-time day traders they will crash and burn. AAPL down 21+ in the after market. BFD, means nothing. Unless you were in over 350 on margin don’t sweat it. If you are a margin cat at 387 you aint purring.
One more comment- Anyone watch the AH action in AAPL post close. I mean right after the bell? This puppy was trading down $2 about 2.5 hrs before the news hit. SEC will be right on those trades, right?
BWAAAAAAHHHH!!!
Some privy people just bought a new island in Turks & Caicos for the FLY to vacation on next year!
If you’re on the coast you better start making a run to Walmart now before the aisles are cleaned out.
Gas – Ice – water, Honda generator – propane – batteries – lighting. Here’s a tip = get a land line and a satellite dish so that you can surf the ‘Net, watch TV and make calls. If you have gas hot water heater, stove and dryer you’re in business..Believe it or not ice will be the most coveted item right afterwards…
My “Irene” plays: RGR & HD. Boom.
Can’t wait……. epic waves starting to roll as I write. Soon to be some awesome surfing…… we coastal crackers don’t run from canes, we drink um…..
This site needs some instant polling features….like
Will Apple stock end the trading day higher or lower tomorrow?
Higher or lower than what? Come on man!
All of my loyal subjects (full slaves), will consider this dip a buying opportunity.
If the market goes up..AAPL gains 28 points by the end of the week.
DO the bears only come out at night?
Right just like my WNR.
I have been reading your blog for a good two months and have to say this content is silly if not hysterically laughable! I mean you genuinely make CNBC correspondences’ look like they know what they are actually talking about. Get real! Crack spreads at record highs and refiners haven’t budged, think about it real hard FLY! Hmm, considering maybe there are actually cracks within the sector/industry. Seemingly, there are heavy restrictions on building/constructing new refineries and all are running at full capacity, etc… I’m not going to sit here and drool over self-proclaimed godly powers you possess, I will do something even more heroic! As I sit in the highly-advanced mother ship with six monitors, three at which have now been directly pointed at you with laser precision and will slowly be dismantling you on a molecular level. The true transfer of wealth will be from your pockets to my private overseas accounts, all while extracting every last client you are in contact with…Mark words Fly, you will PERISH!!
You will be outFOXed.
Interesting commentary on the whole Cushing situation.
http://www.platts.com/weblog/oilblog/2011/08/19/easing_the_cush.html
Also, isn’t IPGP more of an industrial play? Seems like they are pretty far removed from the semiconductor space.
Paulson got blown the fuck up to the tune of 8% last week week. He is now down 22% in just the first 2 weeks of August and 40% year-to-date. What a loser. He needs to close down his funds and return whats left to his investors. He is finished.
Paulson’s main fund down nearly 40% year-to-date. Lost 22% in the first 2 weeks of August alone. EPIC FAILURE.
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I’m on the outside looking inside …
What do I see …
Much confusion …
Disillusion …
All around me …
–
I talk to the wind …
My words are all carried away …
I talk to the wind …
The wind does not hear …
The wind can not hear !!!
~ King Crimson ~
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I’m shocked that Trading Nymph isn’t publicly rejoicing in the resignation of Steve Jobs.
so u think shes heartless, and rejoyce at others pain? i dont think so. read her blog.
how many fucktards does it take 2 screw in a light baub,
I have to put stocks aside for a little while… Fantasy football season is here!!! Gotta study up on my sleepers!
look at imax fly