This was a very strong close, on a day when the bulls should have been routed. I changed my mind and bought some DMND for a squeeze, leaving me with a cash position of 35%.
http://www.youtube.com/watch?v=H4RgFcFRtDo
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Fuck Yeah!
Made my rent for the month today thanks to the Fly.
Without the fly…we are nothing!
Market going higher.
I’m followed in $DMND .. does that mean I’m riding somebody’s trade? Or “riding” somebody’s nuts?!
Maybe I should keep some stock follows to myself.
Have a great Friday, Saturday, day or whatever the heck you call it.
Fuck Goldman SACS
Sold January 2013 $18 DMND puts @$3.10. If stock put to me, I will own at $14.90, a highly unlikely event. If DMND continues to move, should expire worthless.
Speaking of beaten down positions, might I suggest $MGM (no Vegas hooker).
This is not advice for LeFly, but, rather, the Ibc community.
#FWIW.
spent most of today looking at mag wheels for my lawn mower.(poulan ah ah ah) my ocz, clne, wprt have been moving so i can sit and wait, gld is even(for me)
The 0 looking more and more like Carter. Clueless douche losing the elites. Hard to see market upside here. Who wants it?
I’ll take the other side of that trade. What index and close date? The day after election day or inauguration? $SPY, $RUT, $NDX, $COMP, or $SPX?
Add to today’s Bear loss –> the VIX drops….
That was the early morning tell. $VIX did not move as the market sold off.
up 25% on Wnr since May….
That’s hard money
of course I traded it for my kid in his account!!!!
Owned it in my account and watched it trade from 16-19..finally broke out..he reaps the benefits!!
I think there was a short covering in the last hour or so… It is very likely we will at least test 1325 in the next week or two.
thats what it was and all it was
I still agree with the Fly’s main thesis, that the Fed money-printers, and the big investment bankers, (especially since they know that they can steal from customer accounts with impunity-just donate a few mil to the big O)
These are the ones who rule the day, and the week, and the month.
For the time being.
This is what I wrote in my blog/diary mid day “Trading_NymphCollapse
And of course, as soon as I get a nice sell off the WSJ has to run one of those “rumor pieces about QE”, last months Rumor took 3 days before it ran out of gas…I wish WSJ would stop this. http://online.wsj.com/article/…
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11 hours ago”……yes, I know Zerohedge wrote about it too, but I didn’t read their article until tonight…fwiw.
That close is what the bears needed to bring the pain next week. We going lower.