I booked 10 and 20% gains in IPGP and VHC today, holding them less than 1 week. Additionally, I sold out of my DECK calls, but kept common. Seeing some of my larger positions reversed lower today (WNR, GSVC), I opted for risk reduction instead of cocaine gorilla rally mode.
Frankly, I’ve had my fill for August and prefer to trade light until some things are resolved. Without a doubt, I grade my performance an A+ during this recent debacle, having turned lemons into sweet lemonade.
At the time of my departure from this bullshit hotel, my cash position was 42%.
NOTE: Almost forgot, I sold out of BEE, booking an 8% loss in the process.
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great calls on deck, among others. cograts!
Holy MTG Batman! Very nice morning!
Not holding til overbought?
Not sure why that’s given thumbs down, but I am wondering why the fly does not express more confidence in his algorithms. They seem to have worked for him pretty well lately.
There are more inexplicable thumbs down lately than there used to be. Who knows what the folks clicking the thumbs are thinking? Maybe nothing like what we might imagine.
Just take a thumbs up as approval by people, and a thumbs down as a sign that you are an independent thinker who will ask your brave questions, and tell the unpopular truth, no matter whether it brings disapproval or not. That way, it’s all good.
If you don’t know the reason for something, you may as well imagine positive reasons for it as negative ones. Works for me.
If you are a member of ppt, read my ppt post
Unfortunately, not yet a member but thinking of joining up.
Krueger has been appointed top economic advisor. This could be an economic nightmare moving from Elm Street to Wall Street, just don’t fall asleep.
Just joking.
Hey hey hey – he is a Princeton Professor, no less. He is going to turn things around for Obama – good choice again…..the hits just keep coming.
He does have a sweet toupee, I mean “system”. Better than Orzag’s…..
http://www.youtube.com/watch?v=q3SOlXxUBLk&feature=related
Yo Mars,
You see DNN up nicely today? If I had only pulled the trigger on Friday – oh well – will look to buy on its next pull back me think.
Yep. I even replied to your comment a few threads back. It’s a good solid company. If you are risk averse, and bullish on uranium, Dennison is a great one.
S&P ripped through 1200 now what?
1235 to 1250 is where I will lighten up and scale into shorts.
I will lighten up around there too. With the recent volatility, I wouldn’t be surprised if we spike much higher (once we’re there), to frustrate all the ‘new’ bears. So I’ll still hold my longs around there, maybe take a couple shorts, but that’s all.
You’re an idiot
The one eyed man is mighty quiet today…aka “Alf44”, aka “Mr. Net short”…..nothing to say today?
.
SOLD my FAS LONG “hedge” for a +7% profit !
ADDED to my TYP position !
NO HEDGE NOW … all SHORT here !!! fwiw
.
Not worth much.
7% profit on Fuck-all still equals Fuck-all!
You may get your moustache burned off tomorrow which could be basically a repeat of today.
I am still here…..in Hurricane Central….just making sure that it doesn’t do a 180 and return. My administration downgraded this storm and reduced those winds from 150 mph to a mere 76. We are all going to have to sacrifice – I just missed the last day of my vacation. I didn’t start this storm – I just inherited it. I will be proposing an exciting new economic initiative soon – so stay tuned….and keep sacrificing.
Kinda like you and the wife taking separate jets to Martha’s Vinyard, 4 hours apart. Yeah, that’s tough.
Bickering with a satirical comment? Please see Le Fly’s previous entry.
you couldnt think your way out of a bag dorritos. new jobs.doing what? pimpin our kids for you and monkey babe who has spent 47 mill just in vacay on herself alone………….roll out anything you want.cause were gonna wheel your do nothing ass out of the wh in 2012…….so spend all our monies while you can.but remember, the teleprompter goes back nicks rentals. then we got to call in terminex…….
I kinda agree, but hate the racist tone of what you said there drummer.
lol
the light volume tells me that shorts are not getting the message… couple more gap opens and they will…. S&P 1260 soon… then I can re-evaluate
The plan is to start scaling out of longs at S&P 1450. Whether that happens in October, January, or 2015 I don’t give a shit.
I didn’t refrain from being shook out for no paltry 100 point gain.
Yes sir, rather than climbing the wall of worry – perhaps we just catapult over that wall of worry. 1450 or BUST
Very nicely done Fly.
A++. You had the balls to stay long after taking some big bear shots to the head a few weeks ago and it paid off.
Me thinks the 2 day FOMC meeting is being interpreted as another QE/Bernanke PUT.
Lots of data and European shit to get through until then. The next big date is getting the Greek bailout through the German Parliament vote on September 8th.
Septemeber is going to be a volatile month.
Having troubles getting the Premium link above to work – can’t sign in to PPT?
I am just waiting out these next two days, holding CM into earnings to see if I’m back into the game…or not.
Low volume shows there isn’t much demand, and it is demand that is going to push things forward.
Could sell several stocks today with big gains. Bought some at the bottom. Even though we have had a few big up days, I believe we still have plenty of up side left, were still up just a little from the bottom of the melt down, stock have plenty of room to run like a stallion. Liking aci,wnr,vlo,vlck,cenx a lot,and yes tex.
Like Monday August 15, market closed at its high. Usual sign of a short-term top. Over the next six sessions it dropped six percent.
I bought TZA and FAZ in aftermarket today.
The best trade in the book, better than the PPT is to fade Devildog’s trades, “Money in the Bank”!!
Fly, do you have access to your email now, and do you check the address [email protected]?
Thanks.
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