This market appears to be frustrating. However, if you look at it objectively, we are simply digesting recent gains. I am bleeding out a bit here, with most of my stocks lower. As a matter of fact, my CIEN position is outright sinking. Nonetheless, I am not going to panic out of the market on a slow Friday afternoon. As a matter of fact, I am tired of running.
This market reminds me of a horror movie when the victim is constantly on the run from the killer. He run and runs and runs, tripping over garbage pails and into dead ends. There comes a point when the man realizes he is wasting valuable energy, running from the killer and decides to make a stand and fight to the death. Granted, that analogy is completely absurd when putting it into the context of capital markets. But there is some value in sticking to convictions and riding out the troughs.
I’ve made my bed, long tech, into a European banking crisis. I have downside exposure, with no hedges other than my super sized TLT position. Although I believe the market can see lower prices before higher, I’m tired of trying to time every fucking tick. I’ve been trading like a lunatic on meth for about 6 months now.
It’s time to make a stand.
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WIG
LOL
Thumbs Up!
Too funny! Shed 1st mid-day, WIG indeud!
Good work. Now can you donate 98.6% of your earnings to the homeless guys?
Speaking of donations, in my family there aren’t any – well, aside from my wife who gives to every charity with a cat or dog on the front, despite my wishes. What a load most of them are too, I’m sure 80% of her donation is going straight into crap marketing materials they send back – just to guilt one into sending more hard earned cash their way – what crap. At least she is donating to animals, I wouldn’t stand for her wasting money towards starving babies in some other country.
Good analogy, I suppose our nightmares tend to be scarier than the real thing, most of the time. Just depends on who’s chasing you – is it some greek dude in a scream mask, or a real leatherface.
make a stand and go with reliable blue chips and dividends…ride it out
Why do you worry about timing? Didn’t you have SHOMP-powered system that is always right?
BANNED
I finally got the reference, with the new radio head song. took a while.
The problem with making a stand against Michael Myers or Jason Voorhees… is that no matter how many times you stab them in the eye, light them on fire with butane or drive a stake through the heart.
THEY ALWAYS COME BACK!
Are you talking Michael Myers here or Alf?
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Sir Fly, when will the fucking thumbs come back …
I don’t like the thumbs. Just more noise that is not needed on the site. Dealing with thumb lemmings followed with troll thumbs.
Agree, thumbs were a novelty that distracted us here purely to bank some coin. Now I can dream that every post will have thumbs up the wahoo!
With FLY taking a stand here I too will attempt to put away my meth…temporarily of course.
(Mentally thumbing this post down)
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Pull your kilt up and flash the killer. It may scare him long enough for you to make your escape.
“Pull your kilt up and flash the killer.”
Isn’t that the same as sucking your own dick in public, CAP?
Mission Accomplished!!!
Good post Fly … you finally got it. That’s why I swing trade the waves, less churning.
Nice little surprise today. My USO puts went back in the money and I sold them for a +5% gain instead of a loss.
Has anybody analyzed the effects of theta decay on monthly versus weekly options during opex week? For some reason I feel like they act differently and there may be an arbitrage opportunity.
I think you should attempt a blog on that, hope that’s sufficient encouragement?
Hey Alf,
TYP to $44.00? Just saying…
I have full respect for anyone that post their current posituons/ allocations real time.
this site would be greater if more posters here would give themselves that kind of accountability instead of bashing those that are.
Props my man, to you and Fly.
Hear hear……
Nice to see actual posters here who don’t wish I was dead !
Can you even imagine ever posting such a thing ?
And the poster who did it is a fricken “tabbed blogger” here !
Unbelievable !
Thankyou !
.
i dont know why some people hate the way they do.you always seem to be an upstanding person,even though you like exclamations………….alot
I wish you were dead alf… 😉
… appreciate that, Thanks !
.
C’mon Alf, you know I was just kidding.
I would never wish you dead.
Horribly maimed, maybe, but….
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Jake has earned the keys to this place
at least for the weekends.
You mean his guesses, not his trades. You’ll never know if he actually made the trade or not.
Another amazing call by the amazing Mr. Fly — nice work on the PPT!
@Fly THIS, is the perfect depiction of your analogy, at the 3:00 mark. Ajax, FTW.
http://youtu.be/YUY4uGoJwYo
been trading like a lunatic on meth. time to switch back to coffee maybe.
I’m with Greece. They should tell the Eurozone, “Fuck off – we don’t need your bailouts. What for? We ain’t paying off our fuckin’ bonds, and if you or your banks were dumb enough to buy them, you can cut them up and EAT THEM in a big Greek salad.
We will run Greece the way we want to.
We will use Drachmas if need be. We don’t need you cocksuckers. So go eat shit!”
only if its sprinkled with crumbled up feta. or does it go better with spinakopita?
That would be a great stand for the Greeks to take, Rigged…
As long as they never borrowed a centime outside of their borders again.
In fact, I would look forward to such a prospect, as I’ve always wanted to own Mykonos.
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http://t.co/v6Q3qZih << check out this video of EA's (ERTS) Battlefield 3. As bad-ass as this looks, Activision's (ATVI) Modern Warfare 3 is projected to to sell 3x as many as copies as BF3. I'm talking millions.
When things get shaky in the market, don't forget some sectors of the economy are hitting on all cylinders.
Looks like a great game, but the person doing that walkthrough is a complete retard. 4 year olds with MS play better.
Hey, M’sieur, look at the bright side. At least you got out of that flammable hair tonic ETF, ZSL.
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Just like a toilet.
Flush.
Refill.
Flush.
Refill.