Why did I sell LULU? The question should be, why didn’t I sell LULU? The stock is up more than 20% from the lows of two weeks ago and it represented 10% of my assets. Without thinking, I sold it out and moved to a 35% cash position.
How long will I remain in cash?
As long as it takes to get the prices I desire. It’s not like I am missing out on anything dramatic. I am still 65% long and have gains of more than 4% this year, just one week into 2012. For the love of rabidly attacking snakes, I could be in cash for weeks, months or years. There is no time-line that will compromise my discipline.
Having audited my 2011 gains and losses, it was clear to me where I deviated from past years of excellence. Those mistakes shall not reoccur. Therefore, you should cease and desist, at once, offering me financial advice. Although 2012 is the year of charity for iBC, I would appreciate your cooperation in this regard.
One of my speculative positions, next on the chopping block, is RBCN. It is a delightful stock, trading near intrinsic value. I’d be shocked and appalled if it ever went below $8.50. If you do not own RBCN sub $10, you are doing yourself a great disservice. This is where the shorts live, in stocks like RBCN. As they keenly focus on outlier events, like Italian bond auctions and the price of BAC, RBCN creeps forth. Before they are even aware, the stock will be running naked with erect penis in hand, to the horror of those who are short. Due to the thin nature of the float, it will power forward and humiliate the bears, all in due course.
I do not skirt the rules and will not compromise my disciplines to entertain the likes of you. There is much work to be done and my eccentricities demand excellence. RBCN will quench my thirst soon enough and I will be grateful for it, as it is my custom to do so from time to time.
UPDATE: I added to GSVC.
[youtube:http://www.youtube.com/watch?v=fZW1STjbKSs 603 500] If you enjoy the content at iBankCoin, please follow us on Twitter
Is grande winshippery in the cards for 2012 sir?
It is, as a matter of fact.
Is this your favorite restaurant?
http://www.winships.com/
i dont know about that,but i just watched adam richman knock out a 6 1/2 inch ribeye topped with blue cheese that would blow anyone away.christ,i wanted to slather the tube with horseradish…….. was a piece of art,he was in your neck a da woods bklyn
And TZOO and OPEN. Sr Fly is right… these stocks will at some point smoke shorts.
You know rick ross was a correctional officer?
http://www.streetgangs.com/wp-content/uploads/2008/07/20080721-rosstrilla.jpg
An honorable profession.
Officer Ricky.
Indeud
http://www.youtube.com/watch?v=cHUQRn1KWHQ&feature=results_main&playnext=1&list=PLD7B6DCF562623A50
How does RBCN hav intrinsic value when they have negative free cash flow for the past five quarters and negative eps for the past 8 to 9 years?
Tip of the hat to the running naked with erect penis in hand quip – I laughed out loud.
Just the tip?
Sometimes the tip is all that is required…
This market disgusts me. me no gusta.
Do these fuckers not realize that Europe is going to implode next week? They gayly sashay through the streets as if nothing is afoot, when it is more than obvious we are on the precipice of doom.
It matters not one fuck that Macy’s hired a bunch of greeters this holiday season.
As Chess pointed out in one of his videos, the big institutional traders who know what’s up are still on their holiday vacation until next week. The majority of the folks trading the market at the moment are clueless people.
thank you Frog, i did not see that comment from Chess…it does indeed make sense.
Next week spain and italy both come to the market, hat in hand, I believe. I like downside odds here.
The Euro bullshit is sooooo 2011.
2012 is a year of job growth and prosperity!
Not in Europe. But then there is the question. If Europe is imploding, is that good or bad for the U.S. markets? If we end up being the “safe haven” it will be.
It’s the old farts who are on vacation. The young gunners are running the show this week. Next week will probably be fucked up when those dudes come back. Use this week for a template.
That’s the stupidest thing I’ve heard all week…
AXL = short covering!
What do you think of ZAGG? With a 54% short interest of the float, the CES next week, and seeing as the stock is coming off of deeply oversold levels, don’t you see a nice little squeeze coming in the near future (barring European catastrophes)?
Adding short on the close
TYP SDOW
Turtle necks for everyone!
dmnd had a 59% short last month.now it’s fiddy. waitin for da sqweeeeez.
LULU just announced founder Chip Wilson stepping down, stock is down in aftertrading!
RBCN up 8.63% today!
Makes The Fly look like a genius!
GSVC floating more shares. The fuckers.
Link? I don’t see anything new on GSVC
Where did you read that? I almost added some GSVC today. If it’s true that they are floating more shares, their shares will probably drop from here.
I initiated a large position today at 13.10 so this definitely had me worried. But I don’t see this news anywhere so seems like BS.
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=7989546
Here’s a copy of the whole prospectus for GSVC
http://htmlimg4.scribdassets.com/1uibflrio01bwgi0/images/10-a86acb2bff.jpg
They are raising more money for more investment opportunities.
Pretty sure that doesn’t do anything with a closed end fund. Raising the float raises more capital for more investment.
There goes Hungary. Downgraded to junk.
To all of you that think this doesn’t matter:
Unicredit is the largest bank lender in Hungary.
The US markets are in total denial about Europe kinda funny to watch. Shit is hitting the fan and Wall St keeps talking about earnings next week…LOL
Clowns.
Some atmos-vibe if anyone’s not passed out on the first weekend of 2012:
http://www.youtube.com/watch?feature=player_embedded&v=KsczVV83UHo
“Following The Rules”
—
I admire people who actually follow “their” rules !!! I really do ! Trading well … requires a disciplined approach and an honest assessment of one’s strengths and weaknesses.
However, as more of a “fly (no pun intended) by the seat of your pants – chart monkey – price action – naked – discretionary trader” … I find rules to be (most times) detrimental and limiting ! So, therefore … I trade with very few rules.
“Rules” are fine for some (maybe even most) … but, hey … NOT for me !!!
Have a nice weekend !
I’m NET SHORT this “Market” !!! fwiw
.
… not quite sure why that post came out in (all) italics.
Certainly was NOT the intent !
Damn iPhone ! (gotta blame it on something)
—
At any rate … in the immortal words of Rick Perry … Oooops !!!
.
Dear Alf
I find myself to be out of place when discussing fishing or hunting since I have limited experience. May I advise you to take the same advice when talking about investing?
You are welcome.
Your friend,
Fly
Never gonna give … Never gonna give … Give you up !
Never gonna give … Never gonna give … Give you up !!!
😎
—
Love’ya, Man !
—
Did I mention that my “4th Tier Fortune” … was UP OVER +15% for 2011 ???
But, I digress !
.
… might I just add … I ain’t talkin’ about “investing” … mi amigo !
First a Trader … ALWAYS a Trader !!!
ALWAYS … LONG or SHORT !!!
—
I strive to always be aware of the direction of the breeze.
Like A Kite !!!
.
Dear Alf
I was up 60% in 2010, 90% in 2009, 60% in 2008…
In my personal, I was up 975% in 2010.
Let us not compare anatomy. Instead, should you have the urge to say something of value, other than the delightful “I am all in SHORT posts”–please feel free to share.
Fly
Please give Alf a shiny tab, immediately. People want to learn more about his investment style.
Thank you and regards,
-DT
… truly impressive numbers indeed, Sir !
Tip of the hat to you !
.
Fly’
You are a decent guy,
Just saying
One important rule I trade with is “TYP to 0”
Now don’t start putting up fake gains to convince us you held TYP from the low 20’s through october, november, and then december rallies and somehow made money while still “short as verne troyer.” Admit your losses, it will be liberating.
FU, dipshit !
And kindly … STFU !!!
You don’t know what the fuck your talkin’ about !
.
alf seems to be a pretty straightforward dude.
http://www.youtube.com/watch?v=6FkvIeT6zKs&feature=related
Rick Ross a fucking Boss
TEA anyone? To TEA or not to TEA is the question to a T. Sales of that Earl Grey are just exploding upward like a rocket. People wearing those tight fitting LULU garments just love tea.
Following the rules…
Definitely a good discipline for trading stocks, and the market in general.
However, from a very early age, I figured out that life worked out better for me by NOT following the rules.
It’s a dangerous course to plot, however, as it comes with the constant danger of crashing into the rocks. The personal rewards can be a lot better, though.
Great things come from breaking “The Rules” in all aspects of art, for example.
Here is an example in music…
http://www.youtube.com/watch?v=d9NF2edxy-M&feature=player_embedded
(Well worth the time to watch)
Very kewl !!!
Loved it … ALOT !!!
.
Yeah I really liked it too!