I am looking for reasons to sell OSG, frustrated by the seemingly endless decline in the stock. I went from +10% to -25% inside of 1 week. The stock is getting drilled today, yet there is no news or industry specific clues as to why it’s getting hit. At this point I can only guess there is a big seller. More often than not, this type of drop precedes some fucked up news. I got caught entirely flat footed by this drop, numbed by my fixation with coal.
I have three big positions getting BALBOA’d today, pressing me into a -2.6% drop. Most of yesterday’s gains have been lost and the Dow is up. This is a real fucking mess for me.
On the plus side is ESRX, PEP and DDD–everything else is shit. Luckily I have 20% cash and can use it to average down. But I’m not about to do that when the fucking dow is barely down for the day. I sense a swift and catastrophic correction is in order, for me specifically. Just yesterday I was feeling my oats, long the other black gold, elated with the prospects of maiming short sellers. One day removed from all of that hubris, I’m next on line to have my genitals chopped off.
37 Responses to SHIPWRECKED
Had to cut half that shit yesterday. I’m getting graped to the tune of -3%, a “Friday Flogging.
what should be working isn’t. was does work, does not work for long.
I agree we need a flush here and lets get going.
any ob/os signals from the ppt?
Holy shit. Very cool. Just like this.
OSG – 6k nov puts & 25k Jan puts trading
Come onn ow, you live and die by the sword with your style of trading. I’d say there’s only 1 percent of your readers who can mimic what you do, if they choose to follow you, and bear the losses when you’re caught flat-footed. I know you are not complaining, just kicking yourself I guess.
Well, I’m not saying exactly what I want to say (should have shut my piehole), as you know what you are going to do, there’s no doubt you make money. I just wonder if those who follow you can be as deft, ruthless and insightful in trading as you are I guess.
We don’t have to be – we just need to buy and sell the trade alerts. Yea OSG and PPC hurts but ANR, NAK and YELP were the balls.
This made me smile …
Having balls is not enough ..
There is a difference between winning while losing and losing while winning, if you know what i mean.
Only Fly can trade like Fly.
Mr.Partridge, have you ever sold PEP, MCD or KMB ? Or keep adding? Just curious, Thanks!
only hold KMB currently…
looking to buy back MCD and PEP,
I prefer to shop for stocks in November and December.. during tax-loss season..
Octgober is usually most dengerous month for me…. so high cash
I hold 5 pipeline in case you wondering : KMB TRP ENB PPL.TO IPL-UN.TO , I also hold IGF infrastructure etf
Thank you. Have a great weekend !
To be honest its really pretty simple. Fly shares his trades in real-time to PPT members that want them, so you can follow along in his exact footsteps pretty easily. I’m up as much as he is in my IRA where I follow his trades.
Presidential debate on Tuesday, October 16, 2012. They will be discussing domestic and foreign policy. That’s a day of interest for basic materials.
OSG-The story behind the story:
What a fucking shit show.
I don’t know if it has something to do with that 8-K shit where a director left. At least Forbes is telling people to get in now haha.
Europe, the rotten egg that will break up soon.
The Libya blow up cover up along with the clown act of crazy Joe leave the 0 facade front and center for the next debate. Coal is still the play.
One must keep in mind that the so called independents are all that matters. How fucking retarded or not fucking retarded they are, is the only question. The capitalists and the socialists do not matter.
I thought the election didn’t matter to independents?
Biden scared the single Moms away last night. 0bama scared the undecideds away last week.
I just FedEx’d 0bama a one way Greyhound ticket to Chicago.
All I know is that during the debate, that republican money grubbing s’more let the cat out of the bag about how they’re going to recycle those boats to take our crap back to China.
Some early tax loss selling perhaps…..
OSG- With 13 Straight Quarters of Losses, (over 3 fucking years) Overseas Shipholding Needs a Loan in a Hurry. Why would anyone would invest in this company. What catalyst could possibly exist to make this stock advance?
Bloop-bloop, blooop, blup.
OSG down to new all time lows I went back to 1987. You could get a bounce or maybe not. I hope you didn’t load the up.
pocito vino, y un cigarrillo or two..
but I did experience a sudden dyslexic-attack.. Or whatever that is called when you think you know what someone is writing and then you re-read it later..
Hey Fly have you ever thought of writing for PerezHilton.com or Variety?