I sold out of NFLX and ATML, closing the chapter on two stupid companies. Today’s ATML debacle is due to an analyst downgrade. I really have no interest in buying ATML weakness, as it was designed to pop with momo. Since the new momentum is lower, I am the fuck out of that goat-fucking stock.
The proceeds of both sales puts my cash position to 30%, as both positions were 10% albatrosses. My risk appetite is nil and I don’t feel like spinning my wheels today. The market is weak. There isn’t much working today, outside of utilities and defensive stocks.
You should be on guard for fuckery, as last week’s buyers capitulate into this week’s weakness. It’s really one big clusterfuck, this market. One day we’re all doing lines of blow, spinning atop the needle of the Empire State building. Today, however, we’re destitute, cellar dwellers, begging for Mother Market to bail us out.
Well, I have news for you, Jack. The market doesn’t respond to desperate pleas for help. The exact opposite is more likely to happen, under the banner of a “no surrender accepted” black flag.
21 Responses to Cutting Losses
Who is the current marginal buyer of stocks? Can you guess?
“they” certainly aren’t doing a good job with AAPL right now. but doing a decent job of treading water. I wouldnt be surprises if they just do so into the election, with minimal downside.
“They” bought AAPL [today] so look for it to be up soon.
It’s YOU Scott.
Initials BB (and looks like a clam)?
also sold out of DECK
Anyone exclusively long gold and silver is getting crushed today!
I added to $AGQ. I’m retarded.
Gold -0.43% is “getting crushed?”
I was referring to gold and silver stocks.
Agreed. Miners got butt fucked today.
Atleast $DDD is getting some love today, Fly.
As long as banks and financials hang tough there won’t be a massive sell off.
Although, the intra day collapse of housing stocks doesn’t look so great, especially after a gap opening.(the ole’ gap and crap).
You like $BAC TC?
Also, how about that V.King?
The V.King might Knight you…, your inputs are required in the V.Kingdom.
I liked BAC for about 35 minutes this AM which I day traded for a nice gain.
Yes, V. King rules, no doubt about it.
You are King of all stocks (no offense to Howard Stern, King of all media).
M. LeFly, did your cut bate on $JACK ever gnaw at your greed bug?
I still want to strangle an close vicinity bitch-dike every time I think back to my $2011 $UA and $FOSL trades where I drop kicked those gutter-mouth chicks on Sunset Blvd. for causing me blue balls, only to watch them become Starlets a few weeks later.
Ah so this is why the $DJI is still around…
Master Fly, ever considered buying Z?
I smell a “FUCK you Bears You’re Dead !!” post coming after the close.
Bear trap going on right now. Wow.
I got out of ATML friday luckily.
Thanks for hyphenating your compound adjectives, FLY