I sold out of my largest position, ALJ, for a mammoth loss (-12%) and will now head towards the green hills of Romania to raise yaks and wander the mountainside naked. I am done for the year. I don’t feel like investing any more money for as long as I live.
Once high off the hog, now low like a peasant. There aren’t any words of encouragement that you might, carelessly, toss my way. This is not a debate, but an announcement.
I leave for the slums of Romanian nature with BALT, NSTG, RBCN, AAPL, FB and several other old man stocks in tow. I do not feel like selling them. I stress the word “feel” because I am obviously basing my decisions off emotion instead of logic.
Why buy stocks that suck?
Why buy something that no one else wants, all the while the streets are being paved with gold?
In the end, people get what they deserve, sometimes more. In this case, my blatherskite ways, calling readers catamites and the like, have finally caught up with me.
Over the past two years, I’ve been forced to watch myself, almost like an outer-body experience, blunder away 30% gains into saw-dust. I came into 2013 a humble man, a mere pie eater at the local coffee shop partaking in small talk. However, I let success defeat me.
Since I hit +60% for the year, I’ve been skating lower ever since. With this week’s -10% drubbing, I am barely up 40% for the year, a peasants showing amongst men of stature. The issue that I have today is not so much the horrifying specter of locking in a +40% return for 2013, but the assured likelihood that I will squander that too if given the chance.
Therefore, with absolute authoritarian tenacity, I declare myself “unfit for duty” and shall live out the rest of my days amidst the scenic rubble that litters the open fields of Romania.
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At first I feel like laughing at the video and the entire thought of how you pen this sort of awesomeness, but then I get angry since I wanted to see you hit the 100% mark this year. The Turkey Gods have yet to visit your doorstep, it’s not too late.
I spit in the faces of the turkey gods. If I see them, I will rip their beaks off, with my new brute strength, and eat them raw.
the uncooked tryptophan could lead to much needed serious period of restful bliss
If I may respond with the following video.
http://www.youtube.com/watch?v=7nqcgUDoV_M
It’s only 18 seconds long and says it all.
Livermore was a degenerate and had syphilis.
thx bro
Tough guy with a bullet picture.
So?
You’re gay, no one makes a big deal about that.
Sometimes the bigger man walks away.
You are right about that Fly. Although societal pressure would have us believe otherwise. Your vow not to touch the market for the rest of the year would be a very strong display of discipline if you could actually pull it off. Turkey meat can be so moist and tasty.
The old time stocks.
Do not do this to yourself. You musn’t. Think of our dear leader, the bearded clam and smoke blunts this weekend. God bless you son.
40% is damn good, senor
just take a few days to cool off. you’re still performing very well; don’t give up.
Im thinking of putting everything into Berkshire-Hathaway. It’s like a hedge fund without the 2 and 20.
Don’t be too down on thyself.
In a few days (I seem to recall) it will be an iBC and Grandpa Fly Birthday and it will be time to celebrate.
Good memory. Grandpa Fly bday was 11/5, however. He’d be 99.
It’s ok… maybe we can take the Impala out for a spin and blow off a little steam. Then get back in there and be the Honey Badger.
the flushout in oil (Iran) should result in higher equities…yes??
Aren’t you happy that YELP is cheaper now?
Do I look happy?
feels like begining of Rocky 3. You let ALJ and JAZZ Clubber Lang you.
I made money on JAZZ.
I let TRLA CLubber Lang me. ALJ DRAGO’d me.
sign up for trading addicts.com Jeff K will get ya back on track
I love both the ppt and tradingaddicts, subscribe to both, but Jeff got whacked HARD on Thursday. I got damn lucky, i missed the alerts when he cut over the site and didn’t sell RVLT at the bottom for a big loss before it spiked 30%
wins far out run losses…called capital preservation
Losses are a part of trading. If there’s one thing I’ve proven…I bounce back faster than your average.
10-4 true
The TLT kept my DRV afloat.
so we got a “V” but the 10yr held 2.5 and now may be doing a “V” as well
PPT did a nice job of signaling Apple as a buy today, hope some peeps here bought on the inside info. I had a good day in some stocks with nice follow through in RIG, FWLT and AEO, GOGO reports BMO on Monday so that should be interesting. Stayed long UNXL and got pole-axed, I’ll sell into pop for a loss next week. How about GE, for crying out loud, at $27. My partner, Mr. Partridge, has told me he ain’t selling it, either.
GE is $50 stock, take it from the guy who holds Starbucks from you know when 🙂
UNXL – this is bad shit
The GE to 50 call is interesting. More info on future fly comments sections would be real nice. It has not gone unnoticed you have made a few really good calls.
Boss,
this too shell pass…
You do what you have to do.
I walked away from REE yesterday, burned a fucking hole in my hand, oh well…
Have a good weekend.
Have a good weekend
I hope people noticed TBT – the sign of things to come.. rates will pop big, soon.
Good Shepherd Fly, I’m suspicious that your carb intake might be a tad low, depriving your brain of precious energy & costing you your edge. I also wonder if during your time away, you might consider a ‘spirit journey’. You seem to be in need of new perspective.. http://healthland.time.com/2011/06/16/magic-mushrooms-can-improve-psychological-health-long-term/
I am done cutting.
I’ve been bulking for a week.
sir,…… i still BELIEVE the THE RESURRECTION is NEAR at hand !
(i have to believe, i’m a new member, and i have much to learn from you)
insert famous quotes,…….
The trick is in what one emphasizes, we either make ourselves miserable, or we make ourselves strong, the amount of work is the same.
Surviving a failure gives you more self-confidence, failures are great learning tools.
Whatever the mind of man can conceive and believe, he can achieve.
“believe&achieve”
thoughts are powerful, when mixed with definiteness of purpose, and burning desire, can be translated into riches
and lastly,…….
It is not the strongest of the species that survive, nor the most intelligent, but the one most responsive to change Charles Darwin
looking forward to learning much more from you
have a good weekend,……….
the game is afoot
Would Carl go to Romania…no he’d buy it and sell it for a loss just to feel like he went on a hiatus
but if you do indeed go to romania,
say “Hi” to borat, for me
he’s my cousin
once again I say “learn how to trade futures” /es big bucks up or down..gain control of your destiny
You had me at “outer-body experience.”
Started anew today with
YELP at 60.42
GOGO at 17.99
AFOP at 16.15
HIMX at 8.35
GOGO pops $20 monday morning… beats earnings, will raise guidance going forward given new FAA rules on in flight electronics… then it’s back to dancing around in my hot pants (no homo) singing George Micheals “wake me up, before you GOGO” (no homo… ok maybe a little, but in a purely metro- getting a pedicure with my girl kinda way)
Is that Bernanke in that video……the one with the beard?
…this whole country is turning
into a bunch of fuckin fairies.
lol…have you seen the hat youre wearing?
That hat….is my business hat. (ladies of the evening) 😀
Ok it’s been 8 hours. Are you ready to get back up and make some f’n money now sir fly?
At this point in time you will always be awesome Mr. Pineapple.
I can’t wait to see you in Romanian tights
–no offense Mrs. Fly
Dead momo cat bounce? The banks finally lead as rates went ape shit. So, what matters more? The price of money? Or. The money that is made?
The BET off of the Bucharest Stock Exchange has topped too, lol.
Real Time has fucking Anthony Weiner defending 0care and the mistruths associated with the thing. How is this not a huge red flag that the liberals are toast? Think about it. Fucking unreal.
No one cares? Look. Million Dollar Bill is the Dem Machine now. He gets who to defend 0care? Scumbag Weiner?!? There is a trade here. There must be.
The problem with a 40% return is that the market is up, what, 25%? After taxes that 40% isn’t going to be too far off a buy and hold performance.
Not enough up and down volatility in this market to really outperform. This is an old mans market.
Of course, I wouldn’t mind your 40%, since i wasn’t smart enough to buy and hold and i spent a good bit of Q1 shorting.
But I am up meagerly on the year.
Earlier this year, you said that you haven’t taken a vacation in more than 2 years. Take a vacation with the family. Take the kids to Disneyworld or Europe or anywhere that you can enjoy some time with the family away from the markets. Don’t write any posts here while you’re on vacation. You’ll return refreshed with a clear perspective.
Tough break. That sucks. Fight back and give Mr Market a swift kick in the balls. You got it in you.
Boss,t ake a rest.
Remember Tough times don’t last. tough people do