Early this morning, by the grace of the Lord, I sold out of VXX. Had I held into the bell, my daily losses would have doubled. Hence the term applies: “The Fly” won, even though he lost.
I then sat there, in a quasi-stupor, speaking with simple creatures throughout the day, jib-jabbering about the market, aimlessly without purpose. Then I had an epiphany, as I sipped on a tall mug filled with Earl Gray tea.
It’s Tea Time bitches!
I had a vision that I’d make grande sums of money in the name, as the rally extended itself into next week, wreaking havoc upon those who are heavily short names with large short positions.
I took action and bought up some shares in the Teavana corporation, as if a rabid dog was biting my leg until I pressed “buy.”
Not content with just one stock, I ventured off into hell and looked at The Devil’s portfolio. I saw a sea-change in the shares of VHC, as it held onto gains, disrespecting the bears who try to weazen it on a daily basis into the bell.
I then purchased a grande sum of VHC, aligning myself with the dark forces who intend to afflict pain unto short sellers, in the weeks and months to come.
At the end of the day, I was up about 0.5% for the day, woefully underperforming the broader averages; but still up more than 20% for the year, boasting a cash reserve of no less than 30% (no #timestamp).
Finally, tomorrow is the day when the iBC cognoscenti meet for an evening of rib eyes and wine, in NYC, hosted by yours truly. We will discuss many things, but share very little with the likes of you. As you know, iBC is in a state of war, perpetually, as our enemies test our resolve through orthodox methods; we intend to dispatch them under our moats and unleash our hordes of boar to devour them whole.
[youtube:http://www.youtube.com/watch?v=UYPoMjR6-Ao 603 500] If you enjoy the content at iBankCoin, please follow us on Twitter
Be on the lookout for Stocksage. 🙂
The market is meandering, subject to the whims of employment numbers or Europe. You might as well flip a coin. 160,000 jobs added is pathetic.
You don’t seem to want to accept the fact that you’re dealing with an expert in guerrilla warfare, with a man who’s the best!
With guns, with knives, with his bare hands! A man who’s been trained to ignore pain! To ignore weather! To live off the land! To eat things that would make a billy goat puke!
In Vietnam his job was to dispose of enemy personnel…to kill, period! Win by attrition… well The Fly was THE BEST!
Austerity to hedge the liberal spending of Mrs Fly?
ala the Tea Party that is ….
OEW Daily Recap: Not intended for AJBaker … too vague for that one … LOL!
“Three days in a row of gap openings, up-down-up, ended the week with the market making a new uptrend high. While SPX 1344 appeared to be the key level heading into this week. SPX 1355 has now established itself as the key level to watch going forward. This uptrend has had such choppy wave action that it needs to continue impulsing. The rallies off of last week’s SPX 1329 low, and this week’s SPX 1355 low are impulse waves.”
“Today’s gap up opening was quite strong carrying the SPX to 1394 before it had the first noteable pullback. Short term support is now at the 1386 and 1372 pivots, with resistance at SPX 1402/03 and 1413/15. Short term momentum backed off some from quite overbought. The short term OEW charts turned positive again at the open, with the swing point now at SPX 1374. ”
MEDIUM TERM: uptrend starting to impulse
LONG TERM: bull market
Yes ~ Gotta go with the uptrend higher high, lower low.
The mindset has changed those swing/support lines will be entry points. No one will wait for 1320 or less to get in….
Unless a time bomb is hidden under a table….and it seems like it would have gone off by now.
I hold to my indicators, which show a momentum shift in these higher highs. All my puts, at a meager 90% of my portfolio, expire in Aug. I don’t intend to sell until they profit… If I go broke… than I am lucky to have a career that affords me the time and liquidity to play this maniacal game of communist free market…
Fly will lose on VHC just like he lost on VXX. Funny how he says he buys things yet doesn’t say entries. This is so he can lie and act like he is a winning trader.
He was bearish recently and we went higher. Now he’s bullish which means we will go lower.
The plan? Buy a shitload of VXX and short VHC. Too easy.
I say exactly at what price I buy things, dicksucker.
It’s timestamped inside PPT and I do not day trade. Therefore, you can easily tell where I am buying or selling.
Moreover: banned
Yeah all his trades are timestamped.
Even the plebs who are not ppt subscribers don’t have to do a lot of guessing to estimate where your entry is. VHC traded in a range on this day, and you therefore had to have bought in somewhere in that range. Anyone who has paid any attention at all would realize you don’t ‘day-trade’ or play for 0.5% gains like some piker. And when you do sell for almost breakeven (for example up a couple percent on a grandpa stock), you call that a scratch not a big score like some of the twitter day-trading heroes.
I am finishing my tan and swimming a 3k in order to be fully prepared for a ghetto workout, after a ribeye of course.
Agree with Senor Fly wtf is a buy right now? Every recent rally takes food and energy higher. Something has to give not every asset class can win. Unless the presses are already running behind the scenes.
You Sir wouldn’t know what to buy if it bit you in the ass.
Not sure what your problem is NR. Did someone hide the lucky charms? Relax. Ibankcoin is a gift to the small pleb. This site will make you money.
You won’t make anybody money, you are a troll. A bummed out loser. Now, it’s time for thick steaks and gin.
Whatever kid. Keep thinking bummed out or bummer nonsense. The market does not care if you are happy.
Not only am I happy, I am filthy stinking rich!!!!
and I enjoy my time crushing trolls back to the middle earth. [or some basement in Chicago} from whence they arose to steal the coins of investors everywhere. Ring a bell?
Nefarious. If you are rich, it certainly hasn’t helped your self-esteem.
Neither will putting down Fake Amish help your self-esteem. No need to be rude here. There is room for more than one viewpoint.
And BTW, Nefarious, if you know how to make money– rather than having just been lucky and inherited it– then do share your great wisdom about how to profitably trade this market.
Short VXX said elder Fly to the young children from the sewer pipe.
The only thing “Every recent rally” didn’t take higher was your portfolio.. LOL if you even have one.
And now, for your viewing pleasure I present “The Cock of the Walk Yesterday to the Biggest Dick Chop Today”.. enjoy..
Smerdyakov says:
August 2, 2012 at 4:30 pm
VXX at 14.00 tomorrow. Laugh mortals, laugh, but europe is going to be bright red tomorrow and we’re not as decoupled as we think.
It’s Tea Time bitches!
http://www.youtube.com/watch?v=eELH0ivexKA
brilliant. this is wicked.
Juicy… thank you
“and we’re not as decoupled as we think” Whats this “we” shit?
Lest we forget Bill “Pimpco” Gross on today’s Barron” Stocks are a “Dying Asset”, Thank you all for a great day!
The Fly, u tweeted, “top idea EXK.”
Do you own EXK since buying into the teeth of the market’s behavior of a few weeks ago or did u close out ur long position recently, but now find it attractive again?
Cheers
you have been getting lit up .. come on man! … u know your lying when u say your up 20
Lit up on what?
Vxx was my Only meaningful loser in months.
You do know I had 40% of my assets in yelp that was sold from 25-27 right?
Yeah, fuck off
You all are free to discuss and chuckle over drinks and cigars the fact that I still own VXX for some fucking reason. I was locked up all morning and by this afternoon it was in some death-dive and I couldn’t bring myself to sell it.
10% of assets, diving at about 7% per day…not good math.
I’ve had those weeks too Mr. HuggieBear ~ I flushed VXX Friday morn and drowned it from my memory with frozen margaritas and Benadryl.
Just shoot the damn thing Monday morning and reset with a clear head for a profitable autumn. Discipline, patience, and research will prevail.
yes, that is my plan indeed….thnx for the advice.
Oh fck off Gary…
The fly has killed it over the last couple months alone by rocking a pair of brass balls w/ some huge picks into insane market conditions, coming out of the shitstorm way ahead of the curve and riding the ensuing tidal wave late to his party.
Impala your enemies (no stocksage) and may impure blood water your fields.
GORE AND BOAR!!!
hahahahahahahahahahah! who knows what evil lurks in the minds of men?(da shadow)
All these fuckers take shots at you for only one reason…
To get a reaction out of you so they can go jerk off to the fact that The Fly spoke to them.
May I suggest ignoring and quietly banning them?
Discuss with the crew when you will be implementing the no one under the age of 35 rule.
Is Gint up there?
Fly Is God
The Senator will be in the building
Tell Senator Jake I said Hi.
Thanks.
Indeud: Chinch desert forces led by Sgt. Braveflaps salute the Senator from the sands of Dasht-e Kavir.
We patiently await your command.
Thanks for the Olympics spoiler. What the fuck
oh hi.
buy … sell … who tells … which bells mark the,
‘Buy high’ dream?
As good as I’ll get.
Thus far. High.
I am NOW momentum,
Futures gold. Now.
That is all.
There is to know.
On Earth, Ye
All there is to show..
Poet Laureate
whatever. it’s shit. i did my least and its nothing like all the rest.
It’s the shnizzle dizzle with the fizzle bizzle and the jello puddin pops
psych.com
I thought your headline was “Inflicting Palin on the Masses”.
DEAN.
THEY ARE/HAVE BEEN MANIPULATING OUR MINDS AND OUR PHONES, ELECTRONIC SERVICES LIKE EMAIL, OR OUR DEVICES, FOR AT LEAST FOUR YEARS, DIVIDING US IN HATE AND FEAR. THEY ARE REROUTING EVEN “FRIENDS'” NUMBERS TO RANDOM PEOPLE WE DON’T KNOW IN ORDER TO SABOTAGE AND DIVIDE AND CONQUER US ANY TIME WE GET IN CONTACT WITH EACH OTHER ONLINE, ON FACEBOOK, ON ANY WEB, NON-FACE ENCOUNTER AND IT HAS WREAKED HAVOC ON OUR EMOTIONAL LIVES AND THIS HAS TO STOP, PLUS IT IS I L L E A G L E, AND I AM PLANNING ON A LAW SUIT. BEYOND THAT, THE ONLY WAY IT WILL STOP IF I CAN TALK TO YOU DIRECT, IF YOU HAVE THE CHANCE TO FACE ME WITH OUT THE FUCKING LIES AND BULLSHIT GAMES OF THE ESTABLISHMENT, I AM SO PISSED I COULD FUCKING LAUNCH A D-BOMB!
LISA
Zoho’s crap. Already pirated by the corpses that be.