I sold VXX to draw a line in the sand, take my lumps and move on. But now I find myself trying to allocate capital and there is nothing that interests me.
Am I supposed to buy oil when it’s +4?
Gold and silver are up, but the fucking miners suck. As a matter of fact, the very best place to put money right now is likely nowhere. Or, perhaps TLT is an interesting buy down here?
All I know is this: August has managed to fuck me on an annual basis. This is a situation where the temptress is attempting to lure me back in, so she can slice my head off and play with my innards.
NO THANK YOU, TEMPTRESS WHORE!
I will take my 45% cash position and angrily go about my day, bitter at the world for creating the conditions that led to my VXX purchase.
CAVEAT: I am still seeking a buying opportunity. I may be able to find something before the day ends.
38 Responses to In All Seriousness, There is Nothing Left to Buy
JRCC has earnings next week and if its anything like ACI…might be a looker
How about investing in my guillotines? French Revolution 2.0 by next summer
If you don’t want to play the short side, buying TLT after the Monday morning Spike (around 125.6) might work out pretty well for a quick (2-3 days based on July) swing
With every 1000 lot of ZNGA purchased you get a free cup of soup.
And a Green mountain tea bag. They sell tea now right?
They put a sheep onto your farm.
You tell em Real Super Fly Snuka!
Pssst: (Conspiratorial whisper) Spinklerheads.
(Eyes darting about, still whispering): Better yet, SPRINKLERheads…
Shush!. It was bad enough that you were whispering to Fly in top secret code.
Where the hell do you think you are posting, iBankiLeaks?
Check out $GS M&A activity will heat up as companies struggle to grow organically..
why sell VXX on a rally day?
Didn’t you read my story last night?
Any day is a good day to sell VXx
The best day to sell VXX is before you buy it.
What’s that Temptress Whore? You want me to buy stocks and contribute to Dalai ‘Bama campaign? NO THANK YOU. LOL !
Fly – any chance of adding “polls” to the blogs?
Here’s a link from wordpress on how to:
Not a bad idea
Signs of the times. Sprinkler heads kissing in public.
Glad I still have the UCO shares I bought in May. I have clawed my way back close to my cost basis ($32.99) and regret not buying more to average down when UCO was in the high $20′s. I Have hung on to UCO as a hedge in the event that Israel bomb, bomb, bomb….bomb, bombs Iran (vocalized to the tune of the Beach Boys “Barabara Ann”).
I would recommend BID.
Market is quickly becoming overbought, lay off new longs for now… lower prices will likely be seen early next week. Then we will resume our move higher.
Why not some VHC – sure, it’s a bet on a lawsuit, but a good bet.
Last August was a low point. Shoulda bot then and sold in March/april.
That one epic win you had with VXX got you hooked for life.
From now on, when Fly buys VXX, it’s called “chasing the dragon”.
Fly don’t give me any flack but AAPL is the best stock in this market right now has been for a few years and will continue to be for a few more. As a loyal iPhone user I got a MAJOR fever as do 50-75 million others over the next year. If I told you flat out they are going to grow Jan 13 earnings from $13 to somewhere around $17.50 on the conservative side would you believe they can take out $700 pps in the near future?? Yeah what if they succumb to DJI pressure for index inclusion and split the stock 3-1 or 4-1?
It’s fun being a bear and being on the right side of the trade
I aint making money, but I aint losin.
I guess crushing debt and world gloom will have to wait another day
Vexed by VXX, once again!
This appears to be Fly’s kryptonite
I agree with FLY. I am 100% in cash and off to the Bahamas for a few days to sip on mojitos. I made enough money today to pay for drinks and the tips.
i sold pretty all bar gold
+6% in europe ..
is not the day to buy anything
I bow to your superior skills fly, I am humbled and humiliated with my lack of understanding in your world. I will now go finish what the market could not… (no suicide)…. but seriously… WTF?!?
Make it easy on yourself and SHORT DMND for darn sake!! You’ll thank me later.
Disclosure: short a boatload of DMND with a tidy chunk of Aug. 20 puts for some juice. Those puts are already up 60% from my orig. Purchase
Ok, I’ve deliberated on it a bit, and the only logical explanation is that Europe, or the Euro, implodes on Monday(ish). They know it’s coming. So their only recourse is to gap up to oblivion, and hope it cushions the coming Fall… or is that Autumn… I forget…