I sold out of my TZA position at a tragic loss (personal) in order to clean the slate. Theoretically, I should be buying TZA here. But I needed to sideline my personal aggressive account in order to dedicate my full attention to managed.
On the managed side, things are much better, just 1.25% off annual and all-time highs. I know, had I participated in the current rally, I’d be +30%. Thinking about shit like that pisses me the fuck off, so stop reminding me. Anyway, I sold 50% of my VXX position to clear the air. The current environment doesn’t call for a 10% VXX weighting, while my cash is 55%. Since I am unwilling to buy here, my only option is to reduce downside exposure. In this case, VXX.
I really like silver here, specifically EXK and AG; but they are overbought, just like everything else. Nevertheless, I might buy some silver anyway. Let me think about it.
You don’t buy into +250 days. This market can go 1,000 points higher from here; but I promise you, it’s not going to happen today. There will be pullback and better entry points. Should I buy here and be proven wrong, I will double my fuckery on both ends of the trade. It’s bad enough missing out on “suchness.” I’m not about to Homey the Clown myself into a double ended pinless hand grenade party.
If you enjoy the content at iBankCoin, please follow us on Twitter
Homey the clown don’t mess around.
Actually it’s “Homey don’t play dat.”
http://youtu.be/_QhuBIkPXn0
Watch @ 4:00 min
Sometimes I wonder if you are writing to yourself or to the unwashed masses.
Hope you got a free VXX tshirt with that trade.
You know EU/China Meeting was cancelled this week on the request of EU fwiw http://www.china.org.cn/world/2011-10/27/content_23745522.htm This is all a Bear Squeeze, the GDP is just first estimate which always gets marked down. From a prior post Ban Alf and Kafka, French Bond has been running in tantum with the ESFS and I was trying to get insight on it..fuck this rally, let the kitchen sink be thrown in, once the squeeze is over I can watch it all fall apart again.
The Clam has relatives in Europe, no?
We may not live long enough for it all to fall apart. Its better to try and grab the coins when they are flung at you
The problem now is they are out of bullets. Any problem, any downgrade, any negative, they’ve shot their wad.
Like bernanke, good try, you got nothing left
Tea, Yes, I saw the English Clam get steamed but I really thought that EU Clam would not do anything. In 2009 they had that forced Midnight meeting too..that rally lasted a day. Bernie, But are they coins in front of a steamroller today?….Dr Funk, Yep, and they really think they can get China to pony up all the money.
Heavy with ERY. The hype is over. Maybe.
MAKE THAT TWO YEARS IN A ROW VXX CUT MY BALLS OFF.
See you next year VXX. I will have my revenge one day.
… but, didn’t you make a killin’ on a VXX trade too ?
SCOREBOARD
———-
Fly 1
VXX 2
.
You know what the definition of insanity is, right?
Thoughts on DECK? Earnings tomorrow.
you think about vxx, like i kick myself over qcor. man,thats a fucking hurt.
Fly: “Homey the Clown” – classic
Trading Nymph: I was kidding (I should have included a smiley face)
Jake: Fuck off
Market: WTF?
Alvari 🙂
makes ya feel any better,got filled on exk at 11.couldnt get my price yesta day. thanks to you and cement head
Anyone got news on HOTT being down 10%?
Coming into my buy zone, but I can’t find what’s responsible for today’s move.
Plan on raising up to 10% cash today.
In other news, the flooding in Thailand is going to have serious effect on many consumer electronics companies right through their holiday selling season. Think Sony, Nikon, Olympus etc etc. Some of these companies will basically be out of business for 6 months.
Pramut Sriwichien, country manager of Symantec (Thailand) Ltd, urges companies to prepare their IT systems for the worst.
The advice follows the country’s massive flooding over the past few weeks, which has resulted in the shutdown of over 1,000 factories in Ayutthaya, Pathum Thani and other provinces.
Due to the discharge of water from major dams in northern and upper-central provinces of Thailand, at least six industrial estates have been inundated, swamping these factories.
Among the hardest-hit are Rojana industrial estate, High-tech (Bang Wa) industrial estate and Bang Pa-in industrial estate in Ayutthaya province.
In addition, Nava Nakorn industrial estate and Bangkadee industrial estate in Pathum Thani are also inundated.
Altogether, 600,000 workers are temporarily out of work.
Among the affected factories are those owned and operated by Honda Automobiles, Western Digital (hard disk drives) and other big names in the automotive, electronics, electrical appliance, food, chemical and other industries.
Altogether, these factories account for nearly 20 per cent of Thailand’s industrial production capacity.
Once the floods are over, it will likely take another three to six months to complete the business recovery process.
puked early and often
The only thing that’s now shorter than Verne Troyer is Alf’s portfolio.
Italian bonds not buying this fake solution… BUYING ERY, TZA, TYP… I have waited 3 weeks to pull trigger
THIS LOOKS LIKE A FUCKING AMAZING SPOT TO GO SHORT….CONSIDERING WE WENT FROM “HOLY FUCK THE WORLD IS ENDING” TO “BETTER NOT MISS THE RALLY TO THE MOON” IN LESS THEN A COUPLE WEEKS.
Considering how bearish sentiment was just a few weeks ago, in hindsight this rally is not that surprising. If we needed a sentiment reset we sure as shit just got one.
That notion, “sentiment reset”, is a lens I’ve never used before to look at events like this. I like it.
For crying out loud it’s a gosh darn bull market. What difference does it make what the sentiment was a month ago. If you were saying that from March of 2009 onward you fricken missed the boat. Darn, some of you guys are so fricken hard-headed.