A blow up after all.
After all of the drama, the relief of an acceptable earnings release coupled with a muted response in the share price, I am having my head handed to me after all, long YELP. The stock traded up this morning; but I noted in conversations with “The Devil”, something was awry. The stock was trading odd and a big move was on the horizon. Literally, it could have gone either way. Today’s decline doesn’t mean anything other than the fact that sellers showed up and buyers are non-existent. I know that sounds a little too simple; but this story is young and the shareholder base is fickle.
I’ve had my share of blow-ups, several over the past few years.This 8-10% drop in YELP, coupled with the fact that my other positions are flat to down equates to a -2.25% day. That might not sound like a “blow up” to many of you; but -2.25% days are not welcomed around these parts any longer. This was supposed to be the year of flawless winship, accompanied by cocaine dragons and chest pounding gorillas. Instead I get milquetoast. I shot higher by 20% during the first month of the year and slowly but surely I am giving it back, just like last year.
Lo and behold, TDC is at new all-time highs today, formerly a top 3 position of mine.
Here I am, a most humble space alien magician, buying dips in ANR, VCLK and YELP, using the proceeds of a fine company, MJN, to finance degeneracy. On the eyes of Saturn, I will not sell any more grandpa stocks to buy shit. Correction, I am not saying those companies are shit, per se. Let’s just agree that their risk profiles are somewhat in flux.
Off to go hit somebody in the chest with a gravity hammer.
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if misery loves company, you ain’t alone
Mrs. Fly: You bought WHAT on the dip??
Fly: Understand this, pal. Lose the lip and make me a sandwich.
Your mother is a whore.
Damn,
I thought you were going to follow it up with
“who services homeless men under trailers”
“at no charge” I might add.
Haters can’t say you lack transparency.
Honesty is an endearing quality of Le Fly’s, second only to his fine prose.
Anyone who hates on a bad call is a fraud. Petending that they have never been on the wrong side of a coin flip.
You can’t have great calls without the occasional great flop. It’s just the nature of the beast.
Just like the home page!
I second it.
Could be worse, could’ve been MITK’d!
Admire your honesty – as Juice said, you aren’t alone in this. It’s just that no one admits ANY failures. Hats off to you. May you recover everything SOON!!!
Right there with you, courtesy of the least productive industry known to man, miners.
Miners can go fuck themselves in the “least productive industry” category.
Regards,
OIH
Why not buy some HLF, DECK or GMCR since your playing the wrong side anyway. MoMo’s are the only thing working and they look Bubblicious!
There is a difference between what I am buying and that shit
I’ve got a new canvas underway…I’ll let it go when finished for 99mil….a bargin in todays world…ha.
BID
Did you use Zillow in your home shopping? It seems like a no brainer now that it has moved 15%.
This is getting fucking comical.
Oh really? Like running sideways with a giant fucking pineapple rammed up your ass funny?
I think I have too many social stocks.
By the way, BAC is working its way to the bounce area of 7.66 which is basically a straight line across since Feburary. But again, this might not mean shit.
talking heads talked me out of chk. sold out.ive been following n trading this co. for 4 yrs. it was easy before this B.S. bot at 19 sell at 21. my thought was their stuff was worth billions. what i didnt think of was what might be attached to it. so thats it in a nut shell. the ceo was cleaver to maneuver his co. thru the bullshit, but sometimes when u blow up a bag of shit..u get some on you. so i sold..+1%
Sorry about YELP, but I love the Halo reference ! (gravity hammer, one of the most powerful hand held weapons in the game).
did you reduce YELP from 30% allocation?
Everyone needs a part of their anatomy chopped off now and again just to remain humble and honest………… I am an expert in pain induced humility.
The new look is sweet btw.
Everything mining related is blowing up!
Well, precious metals in particular.
look at auy.
I like your new format but just like movie billing, the more important folks have the largest font size. You should consider that and have your fonts at least 1.5x larger than the next.
In that case, make Cronkite (key grip?) smallest font possible.
Those who do not want to LISTEN, must FEEL instead, ja?
So FEEL it Fly my brother, coz I TOLD yew so, I TOLD you YELP does not have sustainable business model but yew didn’t wanna LISTEN to Uncle Rat”””
And stop WHINING, and feel it like a GENTLEMAN!
STFU
SHADDUP-A-YAW-FACE!!!
attempted gloating is ugly.
I said SHADDUP!!!
with all your nonsense, yelp is no lower than it was on the 24th. it’s far from a breakdown. Also junior in this business you’re always a day away from getting humbled. If you don’t believe that, you’re either too fucking dumb or too inexperienced to know any better.
Whitney Tilson, Please let me know when you are about to cover your GMCR shorts. So I can buy some. Thanks
He made that pretty clear that he is waiting for a lower price than this.
I heard Whitney Houston owned 10 Keurigs and had a substantial investment in GMCR.
I think Whitney Tilson wanted to prove that she’s not related to Whitney Houston, so she sold GMCR short upon her death.
gravity hammer?! halo? good idea for down days. modern warfare in survival is good too, great analogy, every time i master a wave of miscreants, a tougher one comes a calling.
Nasty Correction going on…. we are going to need to call the fire trucks soon!
vxx…
1. wipe feet before entering.2.remember #1
Well i have basically been caught in a two-day crash here in GDX….fuck me.
wow, that sucks. im going to buy at some point, but look at auy. when gold moves 1% it moves 4%, not saying buy, just sayin
I just bought Open….even after that earnings miss it may get going. Tight leash though.
Fly if you would take a simple technical analysis class
You would know of to get rid of it and go short
. Instead you went into hope mode and hope doesn’t work. I was with you in YELP but started selling calls with my long November calls .
YELP is toast. Tomorrow it drops below support. Headed to $15 in a hurry
Agree FIG but when YELP started the pull back I started selling the calls . So no matter if YELP pulled back I would take in premium . Anyways YELP is 100% retrace meant to the initial move up. So that’s saying very weak and a bounce of suppport and move lower perfect to be short looking for it to crack support . I knew YELp wasn’t going higher after the first initial but set up failed . That says buyers failed to drive it up forcing some to cover there longs .
All of you fuckers are banned.
Greg is CORRECT!!!!!
Do you honestly think that the Fly does NOT understand TA? You have to be a tool to think just because he makes jokes about that means he does not understand it. If you knew anything about TA then you would KNOW that there are not enough data points by far to render any kind of an analysis on $YELP.
I can’t let this go, Greg. Show me one published analyst that would make an actionable call on 44 daily data points?
I can care less about any analyst , it’s all the charts.
You missed the point. I am talking about chartists, fool. The ones that wrote the books on TA. Analysts as in technical analysts, not talking heads. Like Murphy, Kirkpatrick, Nison. I mean I could go on but the point I am making as a chartist myself with years of experience is – you don’t know what you are fucking talking about.
Fly made a call based on experience and guts that for just right now is down. You happy assed in AFTER the fact fuck saying based on the “charts”, which as a matter of fact can’t say any such thing, you knew to short through options. Anyone with any sense knows that options on $YELP were illiquid. I am calling you a liar and a fool. You are so ignorant that you don’t even see how ignorant you appear to the rest of us.
I did not proof this last comment. LOL. I stand by its spirit!
Ha ha ok 1 candle can tell you a lot
You trade a two month old momo stock with skill and balls buddy. Not TA.
The iPhone5 is old technology before it is even released.
http://www.thenextgalaxy.com/
Phone is ugly. Sheesh.
Today the only thing worse than owning GDX is owning YELP. It’s being taken out to the woodshed.
What a terrible day. I’m long all sorts of tech stocks… Screw it, I’m going golfing.
Buy some more YELP here, FLY?
Wonder why YELP is getting murdered so? ANGI is hanging decently./…
Why oh why would you buy MORE Yelp? You’re overexposed, and the news is now gone for another 90 days. All they can announce is that they are entering yet another (smaller) country, and the stock doesn’t react. MAYBE they can get uplift from FB, but even that IPO is starting to hit rough winds, so the idea that it will lift others is starting to get bloody unlikely.
This will drift down like a biotech does after a trial announcement. Nothing left to move it up, with lots of downward pressure.
Have them check the Reality filters on your time machine, Fly, it may be alt-world drifiting.
When I get back to the office I am going to kill all of you.
hahahhahahaha oh man that brought a little levity to my otherwise awful day.
LOL
This is in reference to Mark Zuckerberg. This guy should be buried in the finest poon on Earth.
I’ve got a friend worth millions. He doesn’t flaunt it. He drives an 8 year old Volvo. He’s got two kids 8 and 6. He’s a very humble guy and a great father and very average in lifestyle and appearance.
WTF is wrong with women. Is all that matters your bank account nowadays?
Sir Space alien magician………..just want to pass along a piece of anecdotal info.
I usually keep my ears open and mouth shut most of the itme and I have been hearing many of the local ag people in these parts talk of increased sale and use of fertilizer this planting season. Fertilizer stocks may be worth a look. IPI, POT, etc…..
FWIW.
You may of course, exercise the authority vested in you as the owner/operator of this site, tell me to pound sand.
Today, I took a gravity hammer to the fucking domepiece
Looking at the hourly I’m thinking YELP tests $19.76 low around Tue
Depending on how ugly it gets should start picking up steam againby Thur as we head into Facebook IPO
Feel your pain Fly. I am taking it up the ass with CHK!
Curiously I also tried the ANR dip buying band-aid on my little YELP wound, but it ripped out a chunk of skin when I pulled it off. No salve in this tape.