As I enter the second half of the year, I am +21% and have a 50% cash position. I drew a line in the sand with JCP at -10% and sold out of my position this morning. Frankly, I am not “Mars Attacks” Ackman and I truly hate their stores.
I was doing some research last night and liked what I heard with a little company named SYPR. However, I just don’t feel like gambling on another small cap. My experience with YELP, although profitable, removed the appetite for risk in small caps, thanks to the overwhelming fuckery I had to endure. Truth be told, I was 100% wrong about the prospects of the “Social Media” space in the short term. But as the Gods would have it, I ended up +25% on my YELP holdings—a miracle indeud. Think about it.
The only sector I like here is agriculture, from MOS to BG to MON to POT, I like it all. The fucking farmers are having fits with their corn crops and “The Fly” stands to benefit from their misery. Effective immediately, I hereby declare your farm my own. Any and all profits derived from such a place shall be transferred into my purse (no homo).
Here’s the important thing to remember when being “half out” of the market, like me: there will be opportunities. You may not see them today; but it’s important that you don’t force trades for the sake of doing it. The winning trade will come and when it does, you will have lots of money to throw at it.
If you enjoy the content at iBankCoin, please follow us on Twitter
MR FLY, any order of magnitude of your kind of positions? We talking 100k, 500k, 1mln+?
usually in the 1mm-4mm range.
Ahhh yes, JCP. the libretto reminds of ancient Peter Lynch advisories.
Thanks for the advice during these summer doldrums.
>I hereby declare your farm my own. Any and all profits derived from such a place shall be transferred into my purse.
~ Animal Farm
Really appreciate your insight, honesty and most of all your twisted sense of humor. Thanks.
the farmers who signed up for federal crop insurance will be laughing all the way to the bank, thank you taxpayers
This next segment on CNBC is so dumb. Should Goldman shut itself down? Yeah right that is what is going to happen
what about the airlines fly?
WTF is this shit?
LMAO
FUCK GOLDMAN SACS
romney looks like he wants to bust out laughing at this crowd
romney preachin with the organ
so ag is the play for now…gun to your head…which one you like best??
Mos
What about the commodity itself? If we get about 10 more days of weather like this without a major rain across the ag belt/flyowe-ver/midwest area, corn will hit $9+ easy. Local farmers have heard forecasts of double figure prices /bushel unless there is a major change in weather. Soybeans? $19-20 range. I wish Reinke irrigation was a publicly traded company.
Why the fuck do we waste 30% of our corn crop in an “ethanol mandate” pushed thru by Grassley.
BAR the use of any ethanol in motor fuels. We are DROWNING in gasoline, nat gas, diesel etc to the point we are an OPEC-like EXPORTER!
Corn is for FOOD, not for letting a fatass wife troll the malls in her SUV.
First comment ever, do best not to irritate FLY.
It is a bit late for irrigation. Most farmers use irrigation on sandy soils, not just when they have a bad year or dry year. You have to drill a well and assemble. By the time its done, will not help or too late. Easier to just take crop insurance payout! Also, when corn tassles is when it is most vulnerable. That has happened in most parts of midwest. Own the commodity or as FLY likes fertilizers. Coming from a farmer.
Monsieur LeFly- do you still own CMI, or did you sell? Nice ag picks by the way, this could be the year we see them return to highs.
Expectations are so low I loaded up on GS,BAC,MS. All sell for historically less than book. No WFC though.
Those “text-enhance” adds are destroying the internets. They are fucking everywhere now!
did anyone see ocz today…i dodged a bullet! sold yesterday even(posted)…fewwwwwwwww. after poor resulets amd i thought time to go…
We participate in this survey every quarter. The Orange County Manufacturing Survey, hot off the press. Received today.
This is the largest drop in almost two years. Our company has been booming for two years straight and the last two months we are slowing tremendously in new orders.
“The Composite Index for Orange County decreased substantially from 65.9 in the second quarter to 53.1 in the third quarter, indicating that the county manufacturing economy is expected to grow at a lower rate in the third quarter compared to the second quarter of 2012.
The seasonally adjusted index for production decreased from 73.2 in the second quarter to 54.6 in the third quarter, indicating that production is expected to grow in the third quarter at a substantially lower rate compared to the second quarter. This is the thirteenth consecutive quarter that the production index has been above 50. The seasonally adjusted index for new orders also decreased from 73.6 to 54.8 indicating that, like production, new orders are expected to grow at a substantially lower rate in the third quarter. The index for commodity prices decreased from 74.7 in the second quarter to 59.9 in the third quarter indicating that commodity prices are expected to increase at a slower pace in the third quarter.”
CHK…Juicy
$MGM V.King.
Pour a decent percentage of manna in that fucker and in ten years enlargen my fiefdom (no jester).
Well there goes the market…
Always liked TITN. Made more on it over the years than any other single stock, probably.
exk floundering….buy more or sell the POS??
Fasten seatbelts.
aapl..2nd half…> or < 700 ??
ipads go onsale in China in 9 days..
aapl back below 600
The ONLY running mate Romney could pick that he’d stand a chance at winning might be Ronald Regan.
But that would just be so wierd.
Bachman would be an outstanding VP.
But all the baby killin’ mamas would drip blood from their red nails at the voting ballot booth for HOBOmacare (as a result.
AKA: Death Panel Care.
Thus. A moot point.
LMLP???
PWAV next???
Proud that you didn’t average down And hope again.
I could of told you JCP sucked