The majority of you plebs are day-trading vagabonds. DO NOT couple me in with your degeneracy. I didn’t buy VXX so that I could make grande sums of money, while socializing in a brothel filled with whores and drugs. On the contrary, “The Fly” lives a sedentary lifestyle amongst the trees, deer and the dirt. I do not bask in the attention of strangers, who make excellent denizens for government funded mental institutions and adult orphanages.
Instead, I curry the favour of the Gods, the celestial beings who navigate the stars. Those who design black holes and push entire galaxies into them for fun. I do these things for the direct benefit of you, yet you fight me every inch of the way.
When the crops dry out and the money is gone, you will come back to this site and beg for handouts, as my pantry is stocked to the nines with three years worth of provisions.
I own but a few stocks in size, one being EXK, the other LNN. I’ve also purchased, in recent days, a good amount of RFMD and hold legacy positions in CPST and a pastiche of old man stocks. Having said that, I do endeavor to hedge my positions through unorthodox means, long of the reviled creature, bastard of all that is holy and sanctimonious on this earth: VXX
I started off with a large 10% position because I own so much EXK. If the central banks bail everyone out again, well then, EXK to the moon and I will sell my VXX tits. On the other hand, and a very dark and insidious hand it is, if nothing is done in fairly short order, you should expect nothing more or less than VIX going to $50, as the market spirals out of control lower– by 20%– inside of the next two months.
http://www.youtube.com/watch?v=wBfKXHoSvDM
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“haters gon’ hate, watch the money pile up”
I hate WSJ’s Jon Hilsenrath.
I don’t get it. Why waste the emotional energy on someone whose announcements are worthless.
In early June his worthless gossip gave the markets a 3 day rally on QE hopes. It was wrong, but so many get happy when he comes out with this stuff. Btw, imho, I still think a short on AAPL is a better vehicle then VXX.
We’re you saying that before earnings too?
Freebie, Of course I was. Don’t you read Fly’s comments? Go back two blogs ago…the “Your Assitance is Needed”…repost..Trading_Nymph says:
July 24, 2012 at 2:16 pm
For VXX, I hate these ultrashorts…why not short AAPL if this is finally the endpoint when the Clams can’t hurt the Nymph. The next fibo resistance is at 900ish, too far away and without QE it should be back to 401ish and then back to 287.
Reply
The Clam cometh!
“Adult orphanages.”
Grown up children.
Fly. Totally. Amen.
>VIX going to $50, as the market spirals out of control lower– by 20%
C’mon, don’t forecast doom just to hype your thesis for VXX
Anyway, Fed peeps -> know Friday GDP number must really suck
Zookeeper! Feed the gorillas and Chinese panda’s some cocaine.
I am putting on Three Stooges reruns. Maria sounds like a cackling hen and Ron Insana is a failed money manager. Why would I pay attention to him?
Probably for the same deluded reason some get all orgasmic over Hilsenreth. Be cool. But, a medfly whispers the Fed might cut the interest rate on excess bank reserves. Or did Hilsenrath already say that. I won’t waste time reading or listening to his drizzle.
APPL OUCH
AAPL guided lower for Q4 too which is XMAS season!
Look out below tomorrow!
vxx
nice timing
“VIX going to $50”
Agreud (sic). Made the same observation to KC last week about $VIX being a coiled spring waiting to move hard and fast (no homo) to $50 or above.
who is betting against apple?? not me..china started selling ipads last friday..iphone 5 in sept/oct….tv on the horizon (probably xmas)..this is one to buy on the dips…and hold with tophat in hand…over and out
ALL story stocks top then die eventually. Aapl is not your wife or your kids. Trade accordingly.
They distracting themselves from buying vxx themselves, hating on Le Fly
Fly, with respect to those three years worth of provisions, are they MREs or just supermarket crap with long shelf lives? I’ve been doing some research on MREs but it all looks like shit. Thx
We’re all fucked on a spindle.
Someone better schedule another scumbag talk your book seminar quick. Did apple just become a value trap?
“and hold legacy positions in CPST ”
I find legacy to be an interesting choice of words. Do you care to elaborate?
R.I.P George Jefferson. Enjoy that deluxe apartment in the sky.
http://youtu.be/kb6ErLPt4t8
Were you saying that before earnings too?
Fly…religious reader. Seems as though thesis ALL year has been FED will be there. The alternative is just too painful. Trade KNOWING that with trillions in the balance, they won’t let it fail, or even trade down. What’s really changed other than growth has slowed and Euro spreads are blowing out? VXX tits no good.
if the bears really have any teeth they will show no mercy on aapl
raid all the places where investors hide and it will be a certain bloodbath
the asian ghost month starts on aug 17 expect no help from investors in the east while the western world burns.
AAPL will be just fine. “New products on the way this Qtr.” Per Cook. Short many other stocks but watch out for the leader that still has many tricks up its sleeves. I believe the smartest hedge fund gurus who say AAPL has $100 share earnings power in the next 3-5 years. Yeah I shorted CMG through $5.00 puts and they blossomed to over $65 the next day. Waiting on AMZN for the final put target play this earnings season. Yeah I bought UVXY in size last thursday and added some UVXY calls yesterday to boot! All my AAPL 2013 leaps were hedged with short Aug/Oct calls put on when stock was over $610. Life is good. Bernanke loves Obama. Fly is right on. Now let me go and buy some more silver coins tonight.
Right and you never lose. lol.
Hell yes I do! I still got stuck in some % of AAPL calls last night and I sure missed out on many more great set up trades I was following in the last 3 months simply by going to lunch or putting the boat in early Friday afternoon. My AMZN short has been a huge drag for me over the last 9 months. My Ruger call spreads are down 35% at one point down 65%. I lose alot, but I make sure to have much bigger winners. I only bought two CMG puts instead of the 4-5 I normally play with and I sold Mellanox calls a few weeks ago for a 30% gain instead of 400% if I had held. We are all human. Bought more LNN today