The Magic Hand Bought Today
I do not regret selling today, as the majority of the stocks sold were at a profit. I added to my EXK position, in grande fashion, because the laws of mathematics and science dictate it is bottoming out.
Imagine yourself walking into a bank with 1 million dollars. The banker approaches you and says “good day to you Sir. Deposit your money here and in just 5 business days, I will give you back 1.15 million dollars.” You retort “why thank you, kind Sir, I will take you up on your proposal and give you this money right now. Good luck.”
That was my thinking when I bought EXK today.
I cannot tell you why stocks rallied all day, after a horrific open. I can only suggest that someone is intently interested in higher equity prices. Therefore, as the direction is my master, I follow it into the close.
23 Responses to The Magic Hand Bought Today
No corn left to eat? FIG. (Fly is Grazing.)
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Kings of Leon… yes homo
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What I love is when the fine-tuned PPT converges nicely with the Alvari Ramshackle. That happened today with $EXK – all in.
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Why did stocks open in a murderhole? Weird day.
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Macro, it’s almost always macro these days. Just when you think it’s safe to go back into the water, some asshat in Europe starts playing the theme from “Jaws”
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If EXK takes out today high of $7.77 tomorrow, I’ll join you on the long side.
Thanks for the head up.
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EXK is bottoming? Ok.. JakeGint
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The Fly is bullish when he should be bearish. Watch tomorrow he will talk about all the money he has made when his stocks are all down and lie like he always does. He has no clients and doesn’t manage money.
This site is simply for entertainment purposes. He makes his money off this site not from actually trading. Have never seen a guy with all these sheep following him with a more amateur approach to the markets.
He’s a farce
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>He’s a farce
I have no idea if he really makes trades or runs money, but I’ve made serious coin reading him. So fuck you, buddy.
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As far as I know Fly has never missed on an EXK trade.
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(rolls eyes)
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Instead of relying on opinion, why don’t you check his archive of all the trades he’s posted over the course of a year. That way you aren’t subject to biases because you followed him on a bad trade or two.
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http://ibankcoin.com/flyblog/category/fly-buys/
http://ibankcoin.com/flyblog/category/fly-sells/
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YEA….fuck off pal!! Fly has made me serious coinage..
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I believe!!!!
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I am thinking about getting longer. I did buy some $JCP today. JCP divergence from SPY is biggest since 2001 http://alturl.com/gmb8g last time that preceeded 900% run in JCP.
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I want to buy some as well but the problem is that the CEO says that his idea of jettisoning the coupons is a great idea. Baloney, women thrive on coupons, especially in his economy. Also their new “kiosk” displays are a bit over the top for a discount department store and are just adding costs to the bottom line. Add to that the new RFMD checkout idea. Weird.
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Looks like Le Fly has had Jeremy working on a new app:
http://thehateapp.rehabstudio.com/
Sorry, had a three coffee lunch. What does equity mean?
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It’s what a dumb ass says when they mean “equality.” Now you know.
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dow – down 500 pt’s in 1 day ! ?..
Spain yields are blowing out to the upside, above 7.5%, now above the previous euro-era record at 7.29% signifying major trouble. Obviously, a full blown Spain sovereign bailout is now needed; the game-playing and inaction by Euro leaders is now leading the continent to potential catastrophic collapse
–
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Dow down .79%. S&P down .89%.
Sounds far less ominous than 500 pts.
Perspective. A 500 point move today means much less from current levels compared to if the Dow were at 6,000 for example.
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Any guesses on how the market performs tomorrow?
http://www.marketwatch.com/story/greece-reportedly-faces-imf-aid-cut-off-2012-07-22?link=MW_pulse
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