THIS WON’T LAST
This mornings sales of AAPL, NUAN and AVGO, put my cash levels over 50%. With 5% of my assets short via HDGE and YELP cutting dicks off, I’m punching your faces in with my goblet. Everything is bleak again, spearheaded by the soccer idiots in Europe. However, please know this: the sell off will be temporary because it’s too extreme. Large sell offs will always be met with rumors of help or policy that will fuck short sellers. The way this movie ends is predictable: spear through the face of the guy who went all in short.
The algorithms inside The PPT are quite busy this morning. I have a great interest in playing OVERSOLD bounces; but they’re always so damn scary.
TLT is melting higher and everything but YELP and VHC is lower. My advice is to grab a bag of popcorn and chill the fuck out. This is about to get real interesting, real soon.
For now, I am sidelined.
http://www.youtube.com/watch?v=Ca_E75b0jeM&feature=related
21 Responses to THIS WON’T LAST
Go vote for Obama again dickhead.
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obama didnt cause all of this, he just supplied the matches.
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banned
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nice post,
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Yelp 21.86, go yelp go.
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I dig the new background of the PPT2. I’m wondering what the charting capabilities of PPT2 will be like. Will I be able to cancel my stockcharts.com account? Can you mark up charts and save them in PPT2?
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yelp is deflying gravity. rome is burning but thank to yelp you can avoid the hot spots.
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Thx for the HDGE tip.
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We have jinxed YELP.
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YELP is at 21 and change and you are claiming it is destroying [as you channel your Cramer side] ‘your enemies’. Look Pal, you started hyping at at 24 and above and rode it down in whimpering misery; you do not now have grounds to claim the shorts, many of whom no doubt did great shorting it, are getting killed. You are making no killing on it. Break even?
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I started buying it at 22, then bought some more at many different prices.
I am not judged by one position, but the entirety of my work. Having said that, I just successfully worked a -3% year into a +15% and now sit with 55% of my assets in cash and hedged.
In other words, fuck off and you’re banned.
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Fly – What is your target and time horizon on YELP?
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Plus you said exactly how it was going to happen, making it very clear for all to see.
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nice recovery but nothing I am sure you’re proud of. 15% ain’t bragging rights.
Proof that it’s rough out there even for such exceedingly talented guys like you…even with mega watt stuff like the PPT…wowzer.
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BIOL for a flyer!
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Silver making a huge ramp higher
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peak of panic precious metals surge?
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Maybe. Or maybe an “everyone discounting the next intervention” surge.
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Bloomberg article
“Since 2000, there had been two times when energy shares lagged behind the S&P 500 for four months or more, according to data compiled by Bloomberg. The U.S. equity benchmark fell on every occasion, with losses averaging 12 percent over the next three months. The last time the industry trailed for this long, the five months ended March 2010, the S&P 500 slumped as much as 16 percent from April through July.”
YELP is getting a lot of buzz, I like YELP I use YELP so therefore I buy YELP. Valuations were never my thing but the price action is bullish. Plus nobody lookst at google reviews for foodies like me. YELP is a good pick and could be the next OPEN or TRIP. Thanks fly, longtime reader, first time commenter.
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YELP the next OPEN? the next TRIP? oh yeah, that’s gonna make em wet.
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