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Trading with The Fly

Dr. Fly
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,466 Blog Posts

Happy Hunting

Dr. Fly Wed Apr 3, 2013 1:27pm EST 8 Comments

Can you smell the blood?

Here is a trail for you to survey. It’s a fairly straight forward, almost ignorant, strategy, which works 7 out of 10 times in down tapes (audited by my Chinese accounting firm). Pick the very worst sector and short the stocks still floating above their 52 week highs until they break.

gold Silver

My favorites are AG, SLW, NGD and CDE

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8 comments

  1. JulzTrades
    JulzTrades
    April 3, 2013 at 1:31 pm

    I shorted CDE two days ago, thanks to your AG short. Le Fly pour le gange…

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  2. Rhino
    Rhino
    April 3, 2013 at 1:38 pm

    I came up with this short screen last night, boss. http://bit.ly/17dknxd

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  3. Mr. Partridge
    Mr. Partridge
    April 3, 2013 at 2:00 pm

    I drink blood…. yummy 🙂
    I fucking hate myself for selling DUST too early though….

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  4. Vertigo
    Vertigo
    April 3, 2013 at 2:20 pm

    regional banks are crushed (as in KRE)

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  5. Juice
    Juice
    April 3, 2013 at 2:40 pm

    trying to piss off Senator Gint?

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  6. reading
    reading
    April 3, 2013 at 6:12 pm

    RE: still floating above their 52 week highs until they break”

    Is that supposed to read floating above their 52 week lows?

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