It was by design!
When I sold 40% of my holdings, ahead of the Fed meeting, many of you thought I was mad. This morning I pointed towards TLT as a “tell” with space alien magician precision. Shortly thereafter, I purchased a large amount of HDGE and some ALK. Although I still hold a great deal of YELP, as you can see, the price is thoroughly controlled and is not in the least bit aggravated by today’s plunge lower.
I do not expect anyone to follow me blindly into battle. Howsoever, I will tell you, as a combatant in this market since the age of 10, I rarely lose. As a matter of fact, I do not believe I have ever lost a war. There has been battles gone awry and VXXings along the way; but rest assured, Plutonium Petey will triumph victoriously at the end of the campaign.
Goldman came out with a bearish call on the SPY, thanks to the fucked up Philly Fed. I happen to agree with them.
See, it’s not enough that the Fed be on standby, readying to liquify the system with fresh notes. What we need is bold action, a hiking of the inflation target, massive intervention in all asset classes. What we need is nirvana; but we didn’t get that. Because we didn’t get that, I am afraid this market is going, irrevocably, lower.
Remember my bovine friends: my core thesis behind getting long was the specter of QE3 and policy response by the ECB. Until I see that, unfortunately, I must remain sidelined.
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Gee, what a self aggrandizing rant – you love yourself more than Charlie Sheen loves himself
Yeah but, did you also note he has been doing this since age 10? Anyway, self-love has always been a popular thing.
BANNED
I was too bone headed to listen but thanks for the heads up Fly.
I think it’s called “Watch and Learn” sir.
I did not lose money today. Thank you Fly.
It’s good to be goldman. Establish your short position, make a public call to “short the s&p”, stand back and profit.
Good shit.
… right out of the old Tokyo
Joe Trading Manual called …
Front Running Stocks For Big Profits
.
COULDN’T HAVE SAID IT BETTER SQUEEZE EM TILL NO ONES LEFT TO BUY THEN BE SHORT AND PULL THE PLUG…BLATANT MANIPULATION….WHAT ELSE IS NEW…went to 100% cash for me this AM smelled it !! right on fly!
Fly,
Im headed to Turks and Caicos in a week with the girlfriend, any suggestions on things to do? We’re staying at the Ocean Club resort
Go to eat at Coco Bistro.
How ’bout good ol’ bangin’?
You made the V.King lol
Well you can never loose I guess if you just hold and average down till you become profitable.
“lose” you illiterate
haha that’s what happens when you have one to many
Really???!!!! One TOO many foolish one.
you can only double down til ya run out of money. so avg down at ur own risk.
Just a light volume pullback. Market will test support, perhaps $130 SPY probably later next week.
Once support is established, asshat managers will bid stocks higher into 4th of July celebration and yearnings season.
IF European bond yields do not explode and IF TLT puts in a lower high next week, stocks will rally anew. Looking at some nice entries long setting up next week.
GS calls as of late, have been pikeresque, to say the least. Let’s see what this one brings.
Your abilty to nimbly jump out of the flaming pit and not get burned notwithstanding, your missed call on QE3 was :
A. a glitch in the system
B. a calculated error
C. to be used as collateral
D. leave me alone I’m watching the drunk dancing monkey with the .45
All in all though you do deliver as promised. A rare commodity these days.
“Use only that which works, and take it from any place you can find it.”
12-12-12
look at the action, i did not take any action to protect myself, as i thought they wouldnt let it go this far. my earlier call for dow 11700 was put to the sideline, i should always stick to my guns, because its my money i will lose. my point , dont get swayed by hopium, dont expect anything,
I guess the 12631 and the PPTr’s that bought TNA folks are happy campers right now. That’s what happens when one chides someone.
Those people sold, fuckface, as I did, one day prior to Fed day.
This is in reply to your cohorts, not you. The buy was posted but not the sell.
In any event thanks for the tip, I sold as well.
The sell was indeud posted and time stamped for paying members, Sir
CNBC fucked people yesterday, telling people everything was great after Clam balked.
gs didnt help today.
Sell side media
LOL. Larry Ellison bought the 6th largest Hawaiian Island – http://mashable.com/2012/06/20/larry-ellison-hawaiian-island/
FLY, is the Clam holding his bullets of diminishing return in order to support the incumbent at a later date? Apres Europe implosion ?
Hard to say.
Maybe he wants to wait one more month, seeing the market had recently regained.
Worst case, you know the Ben bid is there.
funny … remember watching those repub debates where the Newt was blaming gazoline prices on the Obama ….
moral of the story… never piss off a kenyan trying to get reelected
newt, obama, romney, biden, no what they have in common….THEY SUCK!
LOOK AT THIS TOOL ON CNBC…I Told you the market is gay!
Nice straight line down all day, computers in control.
… monetary easing is still in the air, though… BOE is talking pretty big, and the ECB is (in a disorganized manner) sort of funding Europe.
But the fact is the market never recovered, this time, from last fall’s debacle. The VIX dropped, and the S&P made new highs, but the Russel didn’t, and it feels like most stocks didn’t, especially economically sensitive ones. Just a giant pool party in yielding big caps…
also not an accident:
http://news.yahoo.com/iran-says-detected-massive-cyber-attack-state-tv-175734754.html
My line in the sand (1329) has held so far … but either we open up tomorrow or I’ll be lightening up …
even if your not in this mkt. it sucks because of implications.( im down .08 today)
HDGE? Thing about this ETF is you don’t know what he is shorting and expense ratio is 3.3%
tza, seems about right.
I’m using BGZ
FAZ for the downgrades.
How dare you speak of the FAZmobile!
i am in the FAZmobile took it for a spin last night ,near the close of aftermarket…..its tuned …..
3.3%. I will be long gone
Impeccable timing, Fly. .
O-b-a-m-a O-b-a-m-a
We want change- We want change-..
Yes We Can!
Yes We Can!
Yes We Can!
I want a cleaner world, where my children can be loved by all people..
Yes We Can!!
Yes We Can!!
http://www.youtube.com/watch?v=SsV2O4fCgjk
WHAT!
YELP sorta looks like it wants to roll over here ! imo
.
Alf
Banned
I win!
I told you people not to add longs into a pre-fed-meeting rally.
Look for me again 😉
I will soon make my call to sell volatility.