I emphatically believe the back and forth between a wholesale liquidation of the global financial system and not is setting up for one spectacular long-only trade. The news will come, as sure as I am sitting here, leading to a grotesquely ferocious rally. My gains, now currently at 5% YTD, will triple in one to two trading sessions. At that point, I will sell, never look back, and go on vacation until September.
The temptation will be there to keep playing, pressing bets into the slumbering summer heat. However, it will be a suckers bet. The resolution of Greece will only extend to Spain, then Italy, then Portugal etc. This all ends in massive losses. Before that occurs, however ironically, there will be massive gains to be had–most of which will be found in the precious metals space. My two favorites are EXK and AG, both trading 30% cheaper than where they should be trading.
There is an epic trade to be made and most of you are primarily looking for downside plays, ghastly beings that you are, sadly enough; you will be used as tinder for my summer fires. You’re all looking for overvalued social media stocks, distracted by the Facebook ipo and all of its grandiosity. Well, boy, let me tell you such a fool is easily separated from his coin, not so much different than snatching a gold necklace off the neck of a baby girl.
This is not a market call based on technicals, fundamentals or gut instinct. This is fact and should be treated as such. Sometime soon, you will look back on this post (link to it if you like), as one of the many scriptures that have been inked on iBankCoin, a living testament to what real trading is all about. It’s not about fear or greed, but conviction. Like my ancient ancestors, who lived and died by the sword, fighting battles, with axes and trebuchets, to protect or capture European castles in far away places–“The Fly” is here to defend what is right and just in the financial world.
The FAZmobile doesn’t have an adequate braking system and is heading towards a brick wall doing 225 miles per hour.
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i like the FAZ part
Why not make it easy and get long bonds.
because there is 14 quick point to the downside there.
Do we get a dip to get into the silver plays, or is it time to pay up?
pay up? dude you killed it getting long on a 7 handle (EXK) – nice post by the way
Much appreciated. Cheers!
Interesting. Rally into Greek election/Fed meeting etc. into June then sell the news?
Trebuchet. Nice touch; I had to look it up.
http://www.trebuchet.com/
Where’s the vacation gonna be?
buy more yelp…lol
Your head will be removed from your body and catapulted into the sea when I am done here.
Trebuchets are cool. Great for launching heads of decapitated enemies, Volkswagen Beetles or hot slices of pizza.
(the spell check does not like the plural of trebuchet or the singular for that matter) What kind of half assed dictionary are we using around here?
I was certain once…
…then you took a trebuchet-slung arrow to the knee? (One in a million shot, I tell ya.)
Fly, did you see the new instacanvas?
Think of the possibilities with the cock and balls artwork.
Interesting,
Good post Fly, time will tell as always and doubters will fade into the dust.
(change their nickname and come back the next day)
The bottom is in for Major Wave4 … prepare for new highs as Major Wave5 resumes the bull while others go fishing (Lakers) or chase the white ball around the green links.
http://caldaro.wordpress.com/2012/05/26/weekend-update-346/
I’m all in with the financials for the next
month . Catch a rally in the big banks and we will see new highs .
Feelin You – http://youtu.be/z5szC9zpXOs
Grexit Outcome?
“Greeks would no longer be able to afford German cars and Germans would be able to buy Greek villas and the young unemployed in Greece would have jobs as tourism booms. The best thing would be that they [Greeks] could blame the foreigners,” (Dewhirst, DNBC).
spain. 6.5%
razorsedge = 100% butterknife
Quote of the Day: “REMEMBER ….DON’T HATE THE PLAYA, HATE THE GAME V.King 1:02
The truth is, money talks, bullshit walks.
Social still sucks. Ugh.
Agreed. Just looking at the number of euro shorts, there are way too many. If they were all being held be stalwart individuals with steel conviction, I’d say they have a chance. But half of these fuckers are sloppy, looking to piggy back, and unsure of the trade.
They’ll be torched alive.
Need to try out this one too.