Okay, the euro-fags (no offense to gay guys) went to sleep. Now we can rally-ho into the wind, with sun shining on our faces and malt liquor in our mouths. Literally, there is nothing holding us back but fear itself. But we get to party hard, until the end; because that’s how we roll. Nevertheless, aside from my current TNA position, I have nothing new to speak of. I cashed up on Friday and bought some TLT, in order to “Do the Hugh.”
Today’s tells are RKH and BAC. If the banks can remain strong, we rally 200 points from here.
Some of you thrive during markets like this. I fucking hate it. Although I am a short term trader, this shit adds a new dimension to the phrase “short term.” I like to build positions and relax, poolside, whilst banning fuckers on my web blog. If you look at the year to date losses of some key companies, the numbers are absolutely staggering.
TEX is down 55% YTD. MT is down 55% YTD. ARO is down 60% YTD. AKAM is down 56% YTD. I could go on.
The point I am trying to make is simple. We have an edgeless market here, with all of these cross-currents. On one hand, things look so grim. On the other, according to broader market valuations, stocks can still go a lot lower. When you add in the prospect of a surprise merger, buoyed by robust corporate balance sheets, you stand to literally fuck yourself, one way or another, playing this tape.
For now, I am opting for huge cash positions and investments in only a few names, in order to reduce the risk of surprise sex.
With regards to my options account. I squandered a 125% gain on Friday, only to sell at a 10% loss. Going into today, I was long TZA calls, which was up huge in pre-market. However, as soon as the market opened, it deflated. I ended up selling for a small loss. Then, I did a 180, in true fucktard fashion, and bought TNA calls, only to see them melt away during the Obama speech. At the moment, I remain long those calls; but find myself in a weak position in this jerk off tape. I am over-trading and making errors, only because of greed. It’s a killer.
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The Fly is God.
i get all nostalgic every time you do this. just like when i watch the movie christmas story.
Nice. I’m trying to get a 2007 vibe going in here, so maybe we can get a gorilla cocaine rally.
maybe fly will “resurrect” the orange until the rally starts… jeremy prob won’t let him though. chant with me people… bring back orange, bring back orange, bring back orange…
Finally. 10-9-8-7-6-5-4-3-2-1- Ignition. Falcon-XX Heavy has cleared the tower… Approaching Max-Q…
i get all nostalgic every time you do this. just like when i watch the movie christmas story.
Ground control to Major Fly….
Fuck those Euro trash mofos…just venting…proceed.
is that Barack’s space helmet?
what, were gonna jump the shark
Just in case you are wondering. YES, that is an African mask on the front page. And , YES, I am wearing it while watching this tape.
thats the african rain dance mask no. i hear it rains down in africa.
Nice Toto reference snuck in there db.
That’s why I come here Fly, up or down, you tell it like it is. Not many would admit their trading flaws. Space alien magician notwithstanding…
Karate Kid market….risk on, risk off
Fly you should follow TraderFlorida. He’s never wrong. You could learn a thing or three ( i keed i keed)
I’m going opposite way Fly.
I need to to increase my risk of surprise sex.
I am guessing the term ‘surprise sex’ is of the backdoor variety (no homo).
I imagine you take a calculated risk when it comes to such measures.
Fly, you must be getting deballed on the bid/ask spread of the 3x ETF options…kinda wide.
small percentage of assets. Still not fun
You are right, I do thrive in this market.
Its because I never really know whats going on, so when things are really not making sense, I shine.
This is your dimension. All hail Lord Noodle.
fly or other bloggers:
any thoughts on rule 48 and the “need” for this bs event twice in the last 5 days? 9/6 & 9/12. is it artificially keeping the market up, as other markets are down larger %’s than SPX. or any thoughts on what this says about the likelihood of market direction? is there somewhere i can find the complete list of dates for these events?
Not aware of “suchness”. I figured we are holding up because we’re all cool and shit, creating jobs with bills.
ah, i see. you seem like a man of great importance. could i interest you in some lakefront property?
http://maps.google.com/maps?q=Chernobyl,+Kiev+Oblast,+Ukraine&hl=en&ll=51.285112,30.173264&spn=0.171784,0.362892&sll=37.0625,-95.677068&sspn=55.016555,59.414063&vpsrc=6&t=m&z=12
Bought some FAS. As a result, I will run on top of a riverboat wheel the length of the Mississippi throwing crawfish shells at fence painters.
for the interested, here’s a recent list i dug up:
Aug 8
Aug 10
Aug 18
Sep 6
Sep 12
five times in a month?
is this the new “tool” of the fed?
my bs meter is going off.
Where can I buy a BS meter? I always wanted one.
there’s an app for that.
http://www.jbkcreative.net/JBK_Creative/B.S.Meter.html
ha! and they put a “politician” front and center.
Ned Riley was just on CNBS !
If you happen to find one … hook that Asshat PermaBull up to it !
.
home depot,i swear,they got em.as seen on tv 19.99
I love it when Monsieur Le Fly does my dance. For the uninitiated:
http://www.youtube.com/watch?v=-io-kZKl_BI#t=0m22s
10K people a day turn 65, Alan Simpson just told me so on the TV. Leave some at the trough for me, please.
you see,there in lies the biggest problem.the idiots that spent “our” money.they are making it a complete battle field issue……..now it is time to pay all of the pipers that paid into it. but they stole it all,so what’s their stupid and delusional resolve, austerity. thats right,they dont want to give the money that is not there,back…………..tough friggin shiite.if the money were there in it’s entirety this wouldnt even be an issue…..i want a payout,to opt out,how do they like that . gimme “my” money back,i’ll take care of myself thank you very much……..all they have to do is come up with a civilized and fair exit,for those who wish to do so…..but because it is one of their savior funds for their own sake,it just a dream.
is this related?
http://www.nhl.com/ice/page.htm?id=64063
please advise.
Same thing, different rule book.
Fly…please keep this post around to donkey kong down the eye socket of the next troll that says you lie about your trading results
Abandon fuggin ship
Other than snaking out a few shit pipes today, I’m sitting on my hands mostly in cash.
Trading this, long or short, is like having the shit pipe burst in your face…not fun, or funny.
Market is like Star Wars, only the stars DIE… There’s no sequel..