I bet you thought I forgot or willingly ignored THE FUCKING CATASTROPHE that is FFIV, who reported abysmal earnings after the bell. I was muttering to myself, earlier in the day, to sell this fucker because it was gonna hurt me. I kind of knew they sucked, but figured “let’s roll the dice and see what happens.” Have you ever done that before?
I bet you haven’t.
The company is stupid, plainly. I wish it was a deer, so I could run it over with my car, or shoot it in the head. Every other quarter it blows up like a sick, demented Jack in the Box strapped with a dynamite vest, then it surges, then blows up again. As a matter of fact, that sort of fucked up behavior embodies most stocks these days. Have you taken a gander at FIO after the bell?
Don’t think I forgot about OSG either. I lost 25% on that cocksucker and it dropped from $5 to $1 in like 2 days after I sold. I guess the powers that hold together the stock figured “now that Fly is out, let’s just file for bankruptcy–ABANDON SHIP.”
So I’m gonna wake up to a paper loss of 20% in FFIV in the morning, from cost. I can’t average down in that fucking stupidity. It needs to be sold. You can’t average down in a stock that misses earnings. It will take a quarter for it to rebound and catch its legs. I might not sell tomorrow or even the day after. But rest assured, I will blow that pig out.
Looking at my profit and loss, I am fucking lucky to be up more than 25% for the year. I’ve been blowing up in one stock after another, only buttressed by massive winners. I played ANR in September and October, both times from $6.5 to $8.75. I had scores in EXK, CLF and NAK. I am sitting on a gain in VHC; but most of my positions are in the red.
I am going to have to avoid all earnings plays, from here on. I cannot afford to lose 20% at a clip. It’s fucking lunacy. I still have upwards of 17% of cash on hand, fully prepared to dive back into the ol’ coal mine again, for a quick 40% gain–or two.
Oh, fuck this shit. I’m off to drink another cup of earl gray, while drawing out some blueprints for my pineapple coffin.
23 Responses to Chilling On a 10 Spot
Cheer up gent. VHC alone will afford all 3 of your children a full ride to Princeton.
I 2nd this motion
So not looking to get short any thing here?, or not willing? . . .. I wonder why?
oh I almost forgot. The Turkey Gods Cometh Soon!
Or is it different this time? hmmmm
Turkey Gods have POMO bullets.
No thanks on shorts.
Agreed no thanks to shorts, I have no agenda of shorting anything but would rather go cash for fearing the Bernanke and Co. to rip my face off when shorts seem to cheer.
gonna short housing soon
and select tech
How in the world does LKND warrant over $11 billion market cap?
I want to short the fuck out of that extra beefed up piggy
If one did a calculation to deternine the number of stocks blowing up in any given year, this year would win a prize.
LNKD should be illegal with the amount of insider trading they facilitate…no wonder the giant market cap
What do you mean?
What is the deal with LinkedIn?
So I get to see if that fucked up Buzzard Oil Field will finally start up tomorrow or Friday and if Syria will finally get that cease fire over their holidays worked out today. IMHO, QE really hasn’t had the firepower, but it was that damn Oil squeeze over the past few months.
I was just telling myself today. There’s a point when trading crosses over to gambling and when you cross that line your gut tells you loud and clear. I took a gamble as well today on ENTR earnings today. Anytime you hold into earnings you have become a gambler
OC sounds like a horrible place to live.
It looks like my DDD beat huge!
Fly, if you had a chance to look at DDD’s earnings would you hold this stock?
24% of float is short.
DDD up 15%!
I’m holding DDD until every home is printing pizzas like Mike Fox’s degenerate children.
Well, you cannot win them all Fly, but it is ultimately up to us to do our own homework on your picks and make the decision for our-self. I have TC and VHC, so I am happy. I have losers in my portfolio right now also, but today looks like a great opportunity to do some cleanup!!