It’s been a long time since I shorted stocks. I’ve been reluctant due to incessant policy intervention. However, I’ve begun to allocate about 15% of my assets to select short sales, full knowing my cost basis will need to be revised into rallies. Keep in mind, this only makes me 5% net short, as I have 10% of my assets still long. For all intents and purposes, today’s foray into the dark bowels of Wall Street is nothing more than child’s play, a distraction of sorts.
I have zero confidence in buying stocks because I cannot base my entire long thesis on the whims of Germany. Having said that, I am sure there is some policy forthcoming that will lead to a rally. Nevertheless, I am not interested. The underlying fundies are still abysmal, worth betting against.
I started short sales in EXH, LM and NTRS, all for separate, yet related, reasons. God willing, all of them will trade to zero and their employees fired, then sent to some distant war zone. Realistically, I am just getting my feet wet, so don’t consider this to be a “Fly gone batshit, so now the market can rally hard” sort of event.
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SPLORT!!!
This market is determined to fuck us all. In the face. With great vigor
let the rally commence .. u crazy shorting stocks on Qtr-end markup week …. or maybe Q/e markdown week! 😉
confusing market … sidelines ain’t a bad place , as per your low cash deployal
markdown could be the more likely as managers punt the red headed step child to the curb
Dude, he’s basically flat. Stop annoying Mr. Fly.
“le fly is 85% cash(5% short) rally, is back on!
😉
J, just effing around .. chill, bro
I will ban you Juice, no matter how long you’ve been here.
Say that shit for the tenth time and see what happens.
hey, i’m in the same position as you , more or less .. mostly cash .. a few shorts/ longs
Mr. Fly, I am down from my refuge in the mountains of the Adirondacks and visiting the family on Long Island. I brought my baseball glove with me just in case you wanted to have a catch (no homo). The market has been shit and a return to the all American past-time may give you the energy to throw some hot slices of New York City pizza on the homeless again.
Oh and I brought plenty of anti-inflammatory and pain medication with me from the pharmacy just in case your elbow tendonitis flairs up again.
I hate trying to make trades based on what the guberments of the world plan to do. I’m favoring the long side but only with options for now. Probably time for me to go eat a pizza and forget about this stuff for a while.
Too many negative waves,man. The market will return just because everyone is against it, as sick as that sounds.
Silver rebounds then slips, Oil swerves, Gold flucuates wildly…
Shit man we’re gonna need a bigger boat
youtube.com/watch?v+B3ddlJajQ0w.hope that works for ya
that + should be= sorry
Fly Short=market rally
Loving it
i hardly think so
There appear to be a few stains on your lapel. Suggest you check under black light and warn your dry cleaner ahead of time.
think you been playin wit da chinch for too long?
Hey everyone, look over here! It’s TheVest!
Is that a pic of you and Billy Bob Thornton?
http://www.engadget.com/2010/05/12/mind-controlled-prosthetic-arm-moving-to-market-in-europe/
I smell 10/87.
The volatility is getting crazy.
Let’s see what happens when the Tradbots pull their orders.
I agree. We’re whacked. Even with all of this green on the screen, $IWM is down.
I’m just watching now.
I believe this is going to get serious, especially when the Financials collapse which is holding today’s market up.
Divergences all over the place.
Goldman’s Global Alpha is being shut down. As far as I can tell, Ren Tech is the only one with a chain smoking compu-bot that can travel through time chasing space dust in an 11-figure cock ship.
If China was smart, they would start a program of colonization. They should buy Greece outright, castrate all the Greek men, and send all the Chineese bachelors there.
The Romans encouraged intermarriage with conquered populations. The Greeks should be used to it already.
Go learn some history lest you receive a wet fish upside the back of your head
Lorenzo Bini Smaghi, the person from the ECB saying the leverage story is a good idea is Italian..heck he was even in charge of the Director General for International Financial Relations of the Italian Ministry of Economy and Finance before the ECB. So why would he NOT think it is a good idea.
HORATIO MOTHER FUCKING CLAWHAMMER IS BACK. Indeud
futures hacking around like a dogbarf cocktail with a splash of cat barf