If you find yourself worried about the earnings of a company that you own stock in, sell it. Do not rely upon the opinions of others. Make your own choices. That way you will never be disappointed, only right or wrong.
Every time the markets drop, a few of my investors get worried. They’re always rooting for the downside surprise, avid fans of “The Great Depression” to come. It’s almost as if they’re upset with their success and clamor failure. I tell these people to “shut the fuck up and let me worry about the money.”
I stopped accepting new business years ago, not because money or expanding my business is unimportant. Back in the old days, I’d accept new business from anyone, even my barber. But after years and years of doing this, on a very high professional level, I’ve come to realize money isn’t everything. Fuck the guy with $200k who wants to turn it into $10 million. I spit on your $200k.
This is not a market for the weak or the nervous or the people who can’t afford to lose. Everything is manipulated, from the top down. Therefore, it goes without saying, the stock market is a total sham. But we will play the sham, as best we can, for as long as we can. I find it much easier to focus on existing accounts, fixed on their money, than inviting new people, with their stupid personalities, into the fold.
Both DECK and FFIV are trading down ahead of their earnings. If that makes you nervous, sell. I might do the same.
At the present, I find myself to be blessed, yet again, with 20% of my assets long VHC. You can try to bet against me if you like. Hell, you can go out and buy some puts or even borrow some shares; but you’re not gonna win. Not a chance.
Will I stick around for the conclusion of their trial?
Maybe, maybe not. It depends on my situation and if I can afford to take risk.
Sometimes I make the mistake of offering ‘predictions’ on the internet–because that’s what you, the intelligent reader, wants to know. The truth is, predictions are for asshats. Life is fluid and so is the stock market.
19 Responses to Can’t Stand the Heat?
Good post brah
Call me brah again and I’ll punch your mustache off.
thats assuming he can grown one!
Brah I work out
He is obviously a frat doucher. @Zookini
“Everything is manipulated, from the top down. Therefore, it goes without saying, the stock market is a total sham. But we will play the sham, as best we can, for as long as we can.”
What!? I have my 401k invested in all this! …LMAO
Other than buying whoosh dips ~ this market sucks
Le’ Fly, how do you feel about the new Kendrick album?
best of 2012
The barber doesn’t need outside investment advice.
He is privy to insider information.
For some reason, when one sits in a barber chair it is yack,yack,yack.
I am a PPT subscriber. I noticed my renewal this past week. I haven’t been checking the site much lately. I just did and noticed the new PPT FLY Recap (What the PPT is saying today). It’s real good. It has rejuvinated my interest in the site/service. Will it be permanant? You might consider a short update to the ideas discussed over the days/weeks before. Thanks and good work!
Buying FB at $19 was a good idea. As was holding through earnings.
congratulations to me, I made another good decision.
It’s too bad my hair wasn’t one of them.
“Do not rely upon the opinions of others. Make your own choices.” A little subtle advice to the countless readers who, upon reading one of your picks, run out and blindly buy it. One wonders what their exit strategy would be. Which is why you see these comments like “Whaaaaat, Fly when did u cell yur FTK??”
I just imagine a Zecco account loaded with 100 legacy positions of Le Fly’s last three years of trades.
Stop being schlong-bobber-extrodinaires and do a little of your own work.
I totally agree about Opinions of Others…this game is only fun if you depend on your own analysis.( Plus, I realized in Jan 2009 at the JPM Health Care Conf when I was sitting in a room of analyst, that most analyst really are somewhat a waste), Fly and Scott B are great teachers, but class is only fun if you think for yourself bottomline….now if the Clam can go away..I soooo hate Clam days.
Not a fun market.
always a fun market..even when it goes against me.
OK, it’s 3 pm EST. Where are the dick guillotines?
OK, there they are. Just going after the bulls instead…