I like the way sentiment shifted this morning, as consensus went from “OMG, we’re fucking doomed” to “Europe has been saved again.” Also, Cramer took his DEFCON 2 threat off the table, always a good thing. I bought some DECK, MDR and TNA. I didn’t go all in, only allocating about 15% of my cash–leaving me at 25%.
The thought process is fairly straight forward: maybe, just maybe, we can focus on US fundies for about two weeks, leading into an end of year melt up. If not, I will be proven wrong, forced to take some losses. This shit doesn’t scare me, it really doesn’t.
Out of all of my positions, believe it or not, I like RBCN best now. The short position is too fucking big and the stock has been acting strong. Look for this shit to peel off the fucking faces of unsuspecting bears soon. Also, I like GSVC. It’s one of those stocks that is able to punch people in the face, all day every day, and no one will even notice.
Yesterday I was declaring “be scared” and today I’m bangin’ out million dollar trades on my iPhone. So goes the market.
http://www.youtube.com/watch?v=HRQFd3TWoF0
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It seems to me that the number of times Europe can be saved and then un-saved again has to be about maxed out. Not that it can’t keep happening, just that no one will care any more. So I like the idea of focusing on US fundamentals for a bit.
You seem to know your way around the oil patch. Have you ever traded Renewable Identification Numbers?
The master at work… I really appreciate your updates.
Fly did you say you went to cash?
Are you not able to read? I bought stocks
He’s only a cute dog. Ease up.
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Confused, your 2nd to last paragraph started with “Out of all of my positions, believe it or not”
The sentence doesn’t stop there. A comma is not a period.
Sentiment turns on a dime.
LOL. Come on Damon. Are we reading half sentences now?
Is English not your first language, Damon? In that sentence Fly wrote, “Out of all my positions” means the same thing as “Among all of my positions.”
I’m sticking with 1st theme of the day, i.e “European F*ckery”
This market doesn’t feel right at all.
Window dressing b.s.
That’s cool.
Just have a Scooby Snak and chill.
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LOL, Eric Cantor, protector of Congressional insider trading.
Be sure you hit the right keys on your iPhone as you trade.
You get the wrong ones and you may connect with the Rick Ross Ivory Snow Co.
What about those Italian 10 year yields? Huh? What about them?
This action is very encouraging. The time has come to commission the finest set of bowling pins ever created from the femurs of short sellers. On behalf of Le Fly, he would like to request an orb crafted from the ubiquitous skulls of RBCN shorts. A game of 10-pin shall be had and the gutters will remain cavernous abysses.
I smell bananas and it’s not the candle.
Could be a brain tumor.
You ought to have that checked out.
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and if its burned banana toast then your have a tumor, and youre having a seizure
Out of my short positions with a small profit. Want to go long but expect to wait a couple of days to see what this market wants to do. I am out for now.