The market is flat and I am up a smidge. However, there is a lesson to be learned from today’s trading session in the shares of YELP.
All of you little creatures of the night, wannabe Einhorns and Ackmans, went short YELP ahead of the lock-up period expiring, which happens to be today. How do you feel about that now? The stock was down a dollar this morning, but then reversed– CONSTANZA STYLE– and is now murdering shorts by the dozen, up almost 4.
Nothing is a given, always remember that.
I have meetings today and will be checking in from time to time. I don’t anticipate much action ahead of the Fed.
You should take this time to stress test your portfolios and prepare for extreme volatility.
25 Responses to SMUGNESS WILL GET YOU NOWHERE
hail to the king baby
^^ yeah what he said
Tank Girl fan?
No one answered my question from yesterday, but fear not I did put the squeeze on and now I drink their juice http://i.lv3.hbo.com/assets/images/series/true-blood/home/episodes/s5/120824-ep60-ite-450.jpg
Sold out of my long Yelp position yesterday. Why am I so stupid?
>prepare for extreme volatility
Bring it -> We’re not cowards.
Speaking of volatility, UVXY will complete a 1:10 reverse split next week. Considering it went from 30 to 5 dollars in less than 6 months, why is this not the best long term short idea ever? Seems like these products are good for short term spikes and long term declines.
Why? Because if vol spikes you’re dead son.
Bah! Real men hold through 500% draw downs so they can get their guaranteed 20% gain.
It’s called absolute returns son! As in absolutely guaranteed.
Close your eyes for one year and profit.
Wait —- for the –
VIX to hit 25+;
If that occurs before Halloween, I will short those ETFs like the Coyote on the Roadrunner.
Fly, what do you think of CLF way down hear? It hit a 52 week low today. Is it worth a gamble going into the Hole?
Your brainwashing me… I now think of shorts as the Antichrist….
Go MCP go !!
MCP = NFLX
In MCP too.
Because event driven hedge funds had no idea an opportunity existed in regards to lockup expiration’s…
Nope, when you heard about it on CNBC you were one of the first people to ever think about such a can’t fail trade idea.
In fact, the Facebook lockup was the first time anyone had ever traded lockup expiration’s…
I see u $MRVL
I’ve missed the past 2 months or so of action in $YELP
MCP up huge again today!
This squeeze was a gift to the bag holders. Goodbye $YELP.
down 4+% bas, still holdin.
Dannke for the PLCM, MCX recco.
Wannabe Soros/Dalio for this Nymph Creature of the Night. Oil is fading…Clam is going to do his speech on how he was right and all this QE didn’t hurt anything, that it is a tool he can use at anypoint. BTW, Mainland China HIT FEB 2009 LOWS last night…place is a mess and the Clam can’t fix it with more money to fund lending if the banks don’t lend…bank deposits are at super highs. BTW Fly never did answer what his 6th position is…