Longs enjoyed clawhammers to the skeleton today, as the market reversed sharply lower from its highs. Here in the whimsical world that is “The Fly”, I was obliterated in MWW and took a punch with SODA. But my losses were completely offset by gains in FSLR, DMND, GSVC and SFLY. I realize you are all betting against me and pray to half-horsed demons to bring about my downfall; but I am not like you. My inventory runs deep and my holdings are pristine.
As of late, I’ve been getting quizzed by some of the mezzo cito about my holdings, followed up with lowly remarks. I post every single buy and sell here and my portfolio, in its entirety, is listed inside The PPT–accompanied by time stamped transactions–for the explicit purposes of transparency. If you are unable to read every single post on this place of industry, do not feel it to be your right to question what I am doing. Always know, “The Fly” runs hot, very, very hot. Things worthwhile today might be discarded tomorrow. In my opinion, stocks are nothing more than conduits to make money on directional trades, long or short.
We should trade lower; but we will likely trade up. The Federal Reserve is very much interested in reflating until they can reflate no more.
As you devour healthy deep fried hamburgers and slices of breaded pizza, be cognizant of the Clam, for he is bearded and wins often.
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fig dammit.
if The Bernanke ever shaved his beard off, the market would collapse…
True
Underneath that beard there is no chin, Only a fist.
I have been told I run hot as well. I always thought it was because I usually begin to sweat mid conversation.
Fly, in keeping with Pleb Education (PE), you need to post some quality metal to accompany your posts ie. Every Time I Die, Dillinger Escape Plan, Megadeth, Trap Them, etc.
or at least sime Stravinsky
only 236 views.
reminder: get long when the figure is 3,000+
I thought about the story too. Its narrative is flush with deceipt and greed, yet not devoid of empathy and twine.
Some kind of rat poison is infecting the
psychethat is Fly. He enjoys uninterrupted prosperity, and he doesn’t even run a MEGACHURCH.It’s a good thing. Understanding this is key.
TZA should be single digits by Easter – barring any revese splits.
“reverse” – A GAME
Finally some decent music.
Quit that rap shit already.
How will anyone appreciate good music without the contrast of crap?
eggzactly
My comment awaiting moderation, feel free to mispell the guys’ name if necessary …
hey fly -lonely at the top-as a old buddy told me -fuck em-best blog on the web.have a good weekend.
Did 3 chart based studies on why , exactly, you should be bearish at these levels
http://chart.ly/xwl4wxj
1. Bearish ascending wedge in Dow
1. H and S in SPX:Vix ratio
3. Volume.
Fairly damning case
Also cnbc’s resident serial killer/chartist agrees the dow is bearish here.
I mean carter braxton worth has to be a serial killer. Why else does he have 3 names?
You make predictions that aren’t true. You are no sooth sayer.. and you spread it across the interwebs.
The last time I saw chart patterns this clear, It called a move to SPY 130, when it was down at 116.
http://chart.ly/8e7q3da
And down there, I got flack for being too bullish. So I will gladly take criticism for being too bearish here
Old Man Joseph Granville agrees with you, especially as to volume. He says we go down 4000 points this year starting now.
Pay some respect to him as he makes many good calls. And a few crappy ones over the years.
http://bloom.bg/wwk1XE#ooid=pmcXdjMzohe5-X5HaXT_alH5XOepNPDs
So a bunch of people who weren’t even around in 1981 are going to follow the call of someone who supposedly make a correct call 30 years ago…so you are sure he will be correct twice in 30 years???
That’s some track record.
I’ll wait for the 2041 call.
I think granville’s 8000 Dow call is too extreme. Dow 9500 is probably as low as we go. And it will probably take until late august to even get that far.
And even if we get to 9500 , it will be a damn choppy ride down. EEM emerging markets and VGK europe are too undervalued for a steep, or fast, crash
We will be ripping into the election, then crash back to reality.
Joe Granville was 100% WRONG in 1981.
He was calling for a plunge to new lows August of 1981, when in fact that was the bottom at 759 on the Dow.
Starting now?
I am older than Joseph.. I’ve traded with Jesse himself..
Joseph Granville is full of shit… you can take that to the bank…
PS: I don’t make crappy calls… and if they look crappy – extend your timeframe .. lol
Older than Joe?? He’s 89.
If so, I hope Fly gives you a break on the age limit around here.
he was learning to walk when I was trading
Joe Granville has been making the same call and wrong for 30 years. He was right back in the 70’s for a while. Kinda like M. Robini lately or M. Whitney.
I remember a triple-all in at Timothy Knight’s sight at an inopportune time, when you couldn’t possibly survive. You are an oddity looking for an audience, and copy/paste posts to several locations on the interwebs. Not sure what you are looking for. Me? I’m a sooth sayer says I.
Not suggesting leverage here. But, I did lever up enough on the way back up to make it back.
Or did I?
http://www.youtube.com/watch?v=NbzWYjVrvpI
Thanks for sharing, I like your work, good job!
Isn’t the right should supposed to be lower than the left shoulder in an H&S pattern?
Just sayin…
S&P is a red c*nt hair away from a golden cross. In fact, SPY already had one. Hard for me to be bearish here, at least over the next 3-6 months.
Goldman Sachs Small Cap Picks
with WNR …… bringing up the rear !
…… a target of 21.
http://seekingalpha.com/article/321561-small-cap-opportunities-picked-by-goldman-sachs?sou
rce=yahoo
Speaking of targets for WNR, Barney Frank is off the market,Cap. News at eleven.
“My inventory runs deep” good stuff
the way people should see it, if they can get a better price than el fly, they should be all over it…how many remember FTK when you could have had it for 1.00, where is it now? teens?
on that note, picked up GMXR at .99 today…
I sold gmxr last week
RIG – whoever holds – congrats… free and clear to pop
http://finance.yahoo.com/news/bp-must-cover-transocean-oil-000503201.html
Thank you
Apparently, Romney is the greatest bond trader of all time. And he does it blind, like in that documentary about rutger hauer
http://www.youtube.com/watch?v=CY5cY2DIa6w&t=0m20s
We grind higher for the foreseeable future. The professional money is still underinvested and will continue to move into the market.
January is almost done and has been a great month. February starts, statistically speaking, the best 4 month period of the year for the $RUT.
Is this your daughter, Fly?
http://www.businessinsider.com/girl-hero-pizza-2012-1
I’d let that lady play my flute.
Excellent
“As you devour healthy deep fried hamburgers and slices of breaded pizza, be cognizant of the Clam, for he is bearded and wins often.” – Le Fly
… after taking copious profits on my initial NUGT position a week (or, so ago) … I took profits on the remainder today (near the close) … [+22%] !!!
That’s tha good news !!!
—
Tha BAD news is … I have been LONG the inverse Tech ETF … TYP for some days ! That is to say I have been SHORT Tech in a big way ! OUCH !!!
TODAY … after taking profits on NUGT … I rolled that into TYP in an attempt to lower my average share price … currently @ ~ $15.60 avg.
YUCK !!!
I’m nauseous !!!
I think I need a McRib and an order of Fries !!!
.
DAMN THA TORPEDOES !!!
—
SHORT this bullshit … and pass tha “Catsup” !!!
.
Watching Bloomberg this moment is a flashback to my suckling youth … Momma … Momma … MIA!!!
I’ve been slicing hams the last couple of days, but I’ve also been traveling. Look here for the latest mongo decoration ennumerating Indianapolis’s Monument Circle.
Stay classy, Indy!
________
I am just waiting for AAPL to roll.
You are dumb.
Does anyone know when DECK reports earnings? Nothing posted on their own site that I could find. Yahoo Finance says Feb. 27 which I don’t think is right.