Using the logic from the east, I’ve cast aside my biggest position, MDR, for a 7% profit. With some of the proceeds, I’ve begun the process of supporting current positions that are down. In other words, I am in a hole. While in that hole, instead of climbing out of it, I’ve decided to take my shovel and dig deeper, with hopes to find the other side of the planet and regain my freedom from the shackles of capital losses. Do not try this at home.
Full disclosure, my basis for DECK is now $91.94, RBCN $10.25 and LULU $52.10.
My GSVC position is under water by $2.5 points. However, I have no desire to average down in a meaningful way, due to lack of liquidity in the name. As for WNR, it is too small to take seriously.
In summary, despite spending inordinate hours researching high growth companies that are saddling 52 week highs, I’ve decided to double down on my bets.
A great man once said “when I see a bet worth taking, I bet it all.”
If you enjoy the content at iBankCoin, please follow us on Twitter
Santa is going to take a major dump on the bears.
Fuck santa. An asshole creepy oldman who’s name is an anagram for SATAN, he gives kids candy as a reward, he has them sit on his lap while calling them ho ho ho’s, he has kids whisper in his ear “what they want”. He sees them when they’re sleeping, knows when they’re awake, has a nice and naughty lists… teaches kids to get excited about of a fat white man with a huge bag of stuff in their house rather than calling the cops for the burglary in progress, and celebrates the pagan tradition of Saturnalia under the name of “christ”.
He claims he gets those toys not from stealing them, but instead he employs reindeer slaves to ride him around, and elves to work for him at slave labor to make toys.
Fuck all of you for keeping this bullshit tradition of pedophilia creepers.
wow. ok then. merry new years to you too.
hilarious that the market is going to charge higher yet Italian 10 year yields are back at ~7%, last time they got this high everyone freaked out and this time everyone is buying AKAM in response
Who is everyone?
FLY, your TZA position is contradict to your double down on DECK and etc. What’s your theory?
The TZA is program buying via The PPT algos. They are done in increments, this being the 2nd of a maximum 3.
tza jan…
No disrespect sir, but did you say your WNR was too small to take seriously?
This feels like 2007. Companies kept gapping down 20-30% after earnings warnings. Of course I dug my own hole and added to positions. I replaced that pos shovel with some stops.
DECK, RBCN, and LULU all look like stupid bets to this genius.
i like your name.
santa said he’s gonna take a shit underneath me this year, cause retail is doomed, and fuck you’all in a handbasket with your ginger bread dreams.
LOL. So you’re a lisped Christmas Tree?
Clever.
_______
Deckers: (DECK) The maker of Ugg boots, (along with Tevas) is a long-term winner given its vast market opportunity relative to industry behemoths. At only $3bn market cap, the company’s market opportunity remains strong, as it expands internationally and increases its retail presence. With the stock selling off from near $120 to under $90 in the last two months over inventory and warm-weather concerns (in addition to being part of a market that is not friendly to high-multiple stocks—see Tuesday’s ‘Off the Charts’ pretty girls segment), this remains an interesting entry point. Deckers’ five year plan includes:
(1) Growing its overseas business from just over 20 percent of revenue now to 40 percent within five years, (2) Hitting $2bn of revenue, up from just over $1bn currently, and (3) Increasing retail store count to 150 from 27 at the end of 2010.
You forgot their new “buy one pair get two vuvazelas free” special.
______
I’m on it, er, I mean in it. DECK is back in the game!
Merry Christmas Fly and everyone else.
Better to take the losses next year against future massive profits.
Enough of this shit. We need a “Merry Christmas” thread. Time to get drunk.
Cheers!
Merry Christmas to all…
P.S.
Insofar as today’s cocktail choice is to be the Manhattan (in celebration of my U.S. holdings’ winsomeness) what would be considered THE Kentucky Bourbon? Perhaps the Senator residing in Ky. would deign to enlighten?
people that try to game the market are victims of their own bloviation and egos..the market is not a proving ground to measure how “smart” one is – or the ability to outsmart or out-think as the case may be. the market always wins in the end. Be humble and wise. cheers and..merry christmas!
im betting on pare shaped breast, with hard points. the art of the game is to know what u like…and to get it.
Fly, will you be dumping in more for the 3rd PPT signal for TZA than you did for the second? Will you let us know when that is?
why shouldn’t all positions be taken seriously regardless of size? they reflect a judgment call no?
Size matters. Ask my screaming girl friends.
lol
I assume you are referring to your ego?
is Jeff Macke all there? why did he lose his gig on Fast Money? How come Altucher is allowed on? There are bloggers here that are reams smarter….what’s his deal? What’s the appeal? Making controversial market calls to get attention? I just don’t get it…
im with ya, alucher is a writer , i think a good one. not a stock picker,
altucher a good writer? that scatterbrain? you’re kidding right? he’s a TERRIBLE writer..it’s embarassing when he tries to write! my skin crawls….you don’t get out much do ya? Malcolm Gladwell Michael Lewis…it’s ridiculous to even compare…
Jeff Macke is cool.
Macke strikes me as the kind of guy who mildly tolerates the market and those that play in it as being not as smart as he, but nontheless continues to participate so he can continue to complain about how stupid it all is and why can’t they see the folly of their ways like smart guys like he can yadayada and on and on….ya think he makes shitloads of coin off his efforts? wasn’t his old man some big muckity muck, which makes little jeffy just another spoiled kid who never had to stuggle.
who was this great man? Al Capone? ha.
We have the accounting system of Japan with Mark-to-Market Accounting. The leverage of Archimedes. The arrogance of the Ancient Romans, the military expansion of the Persians. The nuclear arsenal of Russia, and with the NDAA, the police and military potential of Germany.
I’m guessing this isn’t going to well.
woops you left out the part about our crumbling infrastructure, our crumbling moral core, and our crumbling work ethic…the Chinese eating our lunch ( and I don’t mean Colonel Sanders) while we get 79 cent coffee at Mickey Dee’s.
But we do have the housewives of Beverly Hills!
Nice quote at the end by Arnold “The Big Bankroll” Rothstein in Boardwalk Empire. At the time, he was the biggest gangster in the country.