The majority of my holdings are in 4 stocks: WDAY, FEYE, SPLK and YELP. I bought them because they were growing their revenues (LOL) and were winners, led by fantastic management teams. All of that means absolutely nothing today, as this basket of hell, death and aids netted me losses in excess of 10% (that’s right, 10%…for the day). I am beyond words. This is more than what I signed up for and ponder to myself the very meaning of life.
As a general rule, I sell after 10% losses. This time around, I rode these stocks straight down the toilet bowl and now swim with them in the raw sewage, with the rats and alligators.
I sold out of some small positions today, CLIR, FLXN and ANGI. But the money raised from those sales do nothing for me, as I am completely decimated amidst a crowd of geeks laughing at me for being so stupid.
With today’s sales, I could average down in these stocks again; but the life has been drawn out of me and I am giving up. I won’t sell. However, I intend to drift away on a small piece of wood, into the sunset, without any paddles or provisions. It was just meant to be, a fantastic blow up, broadcasted live in a public forum for all to scrutinize. Please do not let my newly found tone of pathetic contrition stop you from poking fun at my state of affairs, as I would not grant you safe quarter if the scenario were reversed.
The reality is the market eats its young and spits out the old men from windows. It’s never personal and just because you suck now and lost a a bunch of money, that doesn’t mean you can’t regroup and rise again from the ashes. Greed is a wonderful emotion, but it cuts both ways. You get to make all of that money during the good times, but suffer, abhorrently, during the bad.
Bottom line: Assess the damage and stay in the game. For me, the market crashed today, and funnily enough, it’s barely down 1% for the year. Fuck me running sideways with a pineapple.
https://www.youtube.com/watch?v=Bv2j4nWeYEY
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Time to tell Mrs. Fly or can she not be bothered by such trivial happenings like the stock(ed) market?
the fly is dead
Jesus, you’re the kid in the Batman t-shirt. The Fly is Bruce Wayne. Go try to walk on water.
Rape time for My. Fly
That made me laugh. I love me some Gorilla Clown.
Luckily you have multiple revenue sources.
Shit, you got it all wrong. I don’t give a shit about myself. I care about the people who I manage money for.
Time to make the phone calls….
They will be okay once they transfer their funds to a qualified Edward Jones associate.
what a deuce bag statement
this man is aware of the “deuce bag” — a contraption in which you relieve yourself.
Bahaha!
Is that two douchebags? Or a new social phenomenon?
All:
Rong Xu is dead.
Sincerely,
Dead Rong Xu
Still hoping that YELP is going to close green?
New moniker to Dead Rong Xu?
Didn’t you short YELP yesterday Rong Xu?
What are you dead from?
everyone just shut the fuck up. We are all dead eventually anyways
the fucking Nasdaq did not even able to muster a pathetic bounce …
It’s a good lesson for the small plebs of the world. It is said, time and again, the average money manager does no better than the S&P. Here you have a man with a time machine, crashing into asteroids, with little hope of returning to earth. Now we wait and see what Plutonium Petey does next, ’cause this is the environment in which he does best.
down 13% here
fly repeat. if you are down only 23% (today 25 to 28%) get the hell out. or atleast cut 1/2 positions. if it dives more and corrects more you can average on strength.
looks like -33%. Which, remember guys, means you need a 49% gain to get back to even.
Which, to quote fly, is fine, because “EXCUSE ME, but investing is all about BETA.”
Well, not quite, unless you want to discard yesterday’s gains, which is fine by me if you want to do that.
Also, I am not down 10% today, only that basket of stocks.
But we can go with 33% if you want or like.
Ok, so if not -33%, lets say -28%?
In that case you need a 39% gain to get to even. Should be a breeze, right?
Point is slogging up fucking sucks
So, what are we doing here, recapping what I said in every post today or do you have something tangible to offer?
Apparently I am not an “investor” so what can I offer?
I actually did make a strong argument about the current state of affairs on your Issuance post, using facts nbo less, but then had to be “corrected” by various hoohaws on the very basic tenets of Accounting…so refer to that post if you want tangible
I have no idea what you are talking about. As far as I see it, you’re just a troll, likely college kid typing from his moms laptop.
YELP at 63 and change, WTF …
Sympathy for The Fly on this here day of his demise….this was not fair, after what happened yesterday. It was, indeud, an actual market crash.
you are funny in misery.
Aye.
Just remember the great recession, stocks always come back. You just need holding power (no leverage). This is exactly when you should be averaging down, over the next 5 trading days.
Sooo brutal. You have my condolences.
With all the cash I raised last week, I am about ready to put it to work. One more day of selling, or might I wait for the PPT to call it’s more accurate 2nd OS signal.
The PPT sucks my name
Couldn’t of happened to a nicer guy though 😉
NDX will bottom around 3,350-3,400. Book it.
I come here to laugh, but never to laugh at.
“straight down the toilet bowl and now swim with them in the raw sewage, with the rats and alligators” –
Cp’n FLY, Keep yer chin up – at least above the doody…
Sailed them seas before I have. Arrrr.
God damn, Fly. Sorry about the blow up. Hope the wife doesn’t find out. Mine found out I lost 12% once, never hear the end of it.
It was a hell of a fight, though.
https://www.youtube.com/watch?v=CeSQfi3eLhs
http://www.youtube.com/watch?v=ke3ua0kLhYA?
“Fuck me running sideways with a pineapple.”
I was beginning to wonder when the pineapple references would start.
“Shit, you got it all wrong. I don’t give a shit about myself. I care about the people who I manage money for.” – that’s when I lose my sleep too.
then you shouldn’t manage other people money vagina face
I pay in tax more than you will make in your lifetime you troll.
now get me my latte
lol I bet you more than you have that statement isn’t true. haha!
I paid 1.2 last year, what did you pay? and It wasnt that great of a year
You have a really bad tax attny
Nah, no way around it. short term cap gains are stcg
Hahaha….”deuce!”
douch lol
THERE IS ALWAYS A WAY AROUND IT.
not that great of a year?!?!
WTF are you talking about?!?! HOw much was the SP up? If you cant have a good year in a runaway market you my latte getting troll are royally fooked.
btw your 1.2 in my office would put you at the bottom of the ladder sorry to say.
Go schlep your BS somewhere else.
As for betting more than I have, how about just a coin flip for you net worth?
.
… didn’t Fly post a pic of a “pineapple casket” once ?
Or, did I just imagine that ?
.
yes he did, I imagine that will be brought out of the shed in due order.
Like I said we will see a recession and 20% or so losses peak to trough. The fed fucked with the markets for too long. A Ben less fed has no bite. Not the end of the world but stick only with blue choppers and fgn stocks for the next year plus if you want to go long. Cash works too for those cases where shit gets retardedly cheap
First time in 7 years that you been
badly fucked in this very unforgiving game.
You started the year pushing cash but
this world is very addictive and always
is calling for more and just the very
brightest emotionly stable minds
last a long time. The Question.Would
you buy your position at their current
price if you were not trying to recoup losses.You know the rest
Any PPT members here able to claim they avoided losses, and moreover, made money during this decline, and attribute their success directly to The PPT?
What other jewels do you have to offer this forum, Golden Horde?
I got your knife here, it’s twisting very smoothly inside of my abdomen.
Perhaps you can take it to the next level and start calling me “fraud” or “internet snake oil salesmen” no? That would jibe really well with your new line of attack.
Your “persona” supremely entertaining
Screenplay or extended book series?
Wondering: Your words copyrighted here?
It’s too bad he’s such a good “character actor” that people think the schtick is real life
Not like Rong Xu, however, who I believe every word of wholeheartedly, may he RIP
Genghis, just wait for the next hybrid OS 3 day hold in confirmed up cycle rotation 86% success rate over last 12 instances only measured in a bull market, THEN WE’ll TALK.
The answer should be obvious
Oddly enough, it does look like another OS signal was flagged today.
PPT came out in Nov of 2008 (not realiy a bull market and generally fucks up your thesis, but that’s okay though, since I am really down and out and won’t call you out on that).
Except the market bottomed in March 2009 so that was what, FOUR MONTHS later?
but I guess that doesn’t follow your these so I won’t call you out on that, gimme a fucking break
If you are an investor, which I doubt you are, you’d know Nov of 08 to March of 09 were the biggest down months in the history of stocks.
Please study this link so we can bring you up to speed . I look forward to continuing this fascinating discussion
http://en.wikipedia.org/wiki/Formal_fallacy
gibberish. Go back to class and come back when you get a job.
My mother put a curse on you, after your putrid comments….works better than the bs PPT oversold toy …good luck,those that can’t ,,,blog
That’s a vey good one Gator.
Clearly, managing money isn’t my forte. All of my money is made from selling guys like you razor blade advertisements at 0.76 cpm.
I do pride myself on being able to use ellipses properly…interestingly enough.
ZING!
sadly,,, I am not a paying member of your entertainment blog,,,i am happy you have multiple sales revenues and many followers who adore you
Oh but you are. Each time you come here I make .003 from ad sales.
ahh, now I see why you opened the gates,,the more people that send you hate,,the more money you make,plus you raised subscription fees,,the oil of the snake salesman
The gates were opened to serve as a distraction for people who were losing money. I am willing to take a few childish jabs, from folks like you, in order to produce a few laughs.
Stress is a killer
Hell I’ll do it for you:
So, any of you PPT people make money in the market’s today? How’s the lauded OVERSOLD signal treating you today and/or Fly’s invaluable time stamped stock picks?
actually the tna buy from the first PPT OS is about flat.
don’t tell him that
Today I lost less money then I made yesterday. Losts of leverage (options) yesterday, no leverage today.
Time to put up the picture of the wizard.
Poof.
Indeed.
(titn +15)
*ducks*
I must have missed the memo last month that the market is rotating out of high flying beta boomers and into boring blue chips that make money. Meanwhile, every ticker I touch has been getting pounded into dust. This market blows. Signed, Suffering in Seattle.
One word: CHART-ART
if you think today was bad,……………… wait until next week
Why not tomorrow?
During previous bottoms/big buying opps…
This dropped to the 20’s to 40’s, still WAY too high at 85.
http://www.naaim.org/newsresources/naaim-exposure-index/
This dropped to teen’s/20ish
http://money.cnn.com/data/fear-and-greed/?iid=H_INV_QL
Bulls dropped below 30 and bears reached well into the 40’s.
http://www.aaii.com/sentimentsurvey/sent_results
During previous bottoms/big buying opps…
This dropped to the 20’s to 40’s, still WAY too high at 85.
http://www.naaim.org/newsresources/naaim-exposure-index/
This dropped to teen’s/20ish
http://money.cnn.com/data/fear-and-greed/?iid=H_INV_QL
Bulls dropped below 30 and bears reached well into the 40’s.
http://www.aaii.com/sentimentsurvey/sent_results
I’m sorry that happened to you sir. You are a great man, and you shall survive on your driftwood.
Down 4% and hold 6% cash and a little more than nervous to put it in play
Rough day. My condolences.
Reminds me of an old 2010 student loan trade – short STU betting death on one of the worst loan portfolios out there.
Then an overnight buyout offer from SLM comes through, for a 50% premium, dealing instant 10% catastrophe on my person.
You’ll regroup from this, no question.
Ouch… I do recall that. You wrote an epic post that day.
Down 10% today too. FML.
I say it’s all Yellen’s fault. Now we just need her to start signing.
We are quickly approaching the Feb lows on many fronts. Damn, this market really sucks.
I sensed I am one of the few idiots paying my fair share. Oh well..
You guys MUST see the Hitler bubble market video in this post. Hilarious
https://www.youtube.com/watch?v=Bv2j4nWeYEY#t=68
So true…
But the fed says “no bubble”
.
.. that is frickin’ HILARIOUS !
“The world has Trulia lost it’s mind !”
.
Downfall is a great movie. 12 hours long but great movie!
What made you stop using some inverse etf’s or puts? I know you made a lot on these during the crisis. Is it because of the Fed and the herion(easy money) that made you hold back? Of course, I also had horror stories with vxx, and quit playing that game.
First came to this site I believe 3 or 4 years ago when someone from some other site mentioned that le fly was roughing it in le marche, that turned around pretty quickly.
I trade Russia for a living and well this year has been tough as shit, went into the ukraine carcrash fully leveraged up and lost 18% that day, Would have traded it all back and more if it wasn’t for all the hedges I put in place. But that’s something I wont change. Happy with fewer cores, more hedges and size intra day trading to capture more of the vol.
Dont mention you lost money here. Some of the higher quality analysts here scoff at that.
You can always buy IBM and make your money back in 10 years.
After the age of 32, no one should trade with more than 25% of their money (if using leverage). Hitting the bar and then the mistress, good night.
25% equities 75% cash? Sounds advice LOL.
I think he means one’s net worth
.
… I’ve seen the “mistress” and I can certainly understand why your “hitting the bar” first !!! 😉
.
Clever.
still hanging in there with some gold/silver and big oil
Better if I had just gone to cash and watched, betting on lucky lotto picks instead
im with ya, @ 60% cash, gold, oil
Then there’s this –
http://youtu.be/Ep9Vzb6R_58
If it is discovered that FEYE causes ebola, will you sell it?
I still wouldn’t sell under those circumstances. For my twisted brain, it would be a “buy signal”
Fly, what are your year to date losses?
more than yours
I think bring back the REAL FLY where you can cuss. No cussing in the markets makes everyone too edgy. Gotta get out emotion,thats just the way it is. Bring back the Broker A Gangster Mentality.Thats where we the people shine. Also 95% would have folded their hands at this point so you got huge respect for that. Capitulation is very close and so is bottom. Buy weekly calls for earnings and say Fly wins again and he knew it all the time. The people stand shoulder to shoulder with you as we unload chopper and tommys with the 100 round biscuits
Purchased some ATM May SPLK calls right at the close. 90 to 58 in half a month? Surely we reverse here and this was the washout. Now where did I put those pinless hand grenades?
silver bitchezzz
Haha that was awesome
Already done imbibing and porking your goblin of a mistress?
To alf
To Omen
32 .. yeah right .. “To Alf” … anyone under 37.5 would use @Alf
please just go back to your urine soaked futon you call a bed in your mother’s double wide and snif some glue.
nice
The video alone in laughs is worth a ton.
Now do one with Jermey complaining about how much he pays in taxes
.
… Blame this carnage on GOOG and their evil 2:1 stock split !
Those bastards !!!
.
.
BASTARDS I TELL YA !!!
.
All of this makes me wonder if JakeGint is still holding ANV from $40
Only down 5% since this correction began … used most of my remaining cash yesterday for SFM and today for SALE (A Fly Recommendation … Still a believer!)
… got some SQM also … liking those “S” stocks … Odd, no?
Seems like growth isn’t working this year. Is 2014 the year of value stocks? And utilities and reits and gold? So far it is. Old man stocks and gold.
Dividend Payers
looks like yahoo can buyout YELP for 9 billion now.
how bout BV instead … they just made move to settle with DOJ and could re-assert itself
the cat in the hat says gold and silver stocks are for losers.
Kids buckle up…Fly is always strongest after a nasty purge. I’m raising cash to plough into all the picks of the next thesis.
Faber says phantom tech stocks are in Koo Koo land in terms of valuation and he is right. I have been thinking the same thing everyday for the past 6 months. FEYE had a 8 billion dollar market cap with 123m in cash, negative free and lev cash fllow, neg operating and profit margins, and a 50-65 price/sales ratio.. WTF?? Who cares if there growing rev at that val.. I used to coat tail a lot of Fly’s trades, but this year I have been mostly on the sidelines.. Why go all in at these valuations.. Look for unique stories that have good fundamentals, TA (breaking out of a long term horizontal channel on volume spike), near term significant catalyst, etc.. What happened to the good ole days..?
Numbers are wrong. Feye does 410 mill in sales in 2014
Sierra, Faber and Fly are diametrically opposed. Start thinking for yourself and you’ll do better, it’ll take a couple years but its the only way partner.
Fly-
Ive been reading you since you were at your other site where you called yourself flybroker and talked to yourself. You will make it back man.
Martin
Thanks. But I wasn’t talking to myself. Lol
http://www.youtube.com/watch?v=AXS8P0HksQo
VXX this pos looks ready. The worlds worst investment instrument of all fucking time. If it goes it will go big.
The Fly today https://www.youtube.com/watch?v=Bv2j4nWeYEY&feature=youtu.be
It’s only April 10th. Blowing up Hiroshima style in equity securities that have simply returned to their Christmas holiday levels? Not very gentlemanly. You, sir Fly, may relinquish your top hat on the way out the door.
Mark
Where a stock was has nothing to do with recent losses
Well, I don’t know about you but I’m mixing myself a cocktail when I get home.
What’s wrong with you people? I told you this would happen last week. Shit, I’m hangin’ by the pool with Nancy (and Barbara…shhh, don’t tell anyone) enjoying an umbrella drink. Up 40% on options that OA character blabbers about but can’t quite get right. And you think this is bad? Wait until next week’s eclipse. Now THAT will be something to behold.
I forgot all about the blood moon Susan. Good call
Fly Watch out for the squid as your floating away to oblivion.That hitler video had my whole family laughing our asses off. You will be back on top in no time .
hat tip fly…just contributed another .003 to your recovery fund
Thanks Gator
Joe stfu. On top of what? You should pop an mint and get on your knees too
I believe you are spelling your own name wrong, no?
If you were 95% cash today, what would you do tomorrow?
add 5% to my cash position
After a long WDAY, I let out a YELP as a massive SPLK came flying out of my FEYE. It landed on a FLY in my toilet bowl. Flush. (All in good fun, Fly, you are sport for putting yourself out there)
Couldn’t get it up with mistress, came home and fought with the wife, and lost 300k to boot. Great choice of career.
I can’t see this sell off going much further. A geo fuck-up maybe but otherwise where else can a return on investment be found? Tons of money still competing for a home.
Well I bought your pain last Friday, with some similar things, and finally went very green yesterday, only to lose exactly twice yesterday’s gains today. I sold MOC today. I have never seen a Thursday rout in this type of environment where Friday was a bounce. I buy the basket back at 10:30 Tuesday morning. Hope you’re still alive then, fly
One word: BLOODMOON
le fly, would you have anal with yellen tonight in order to get back to even by tomorrow, jw thanks….also, would u munch her slop box for thirty minutes to be up 15% by tomorrow, please advise, thanks!!!
that’s gross jenn,,,maybe 15 minutes for 7.5%
Jennifer, you need to hold Yellen down, she might get totally out of control when Sir Fly entertains her …
I mean ‘enters’ instead of ‘entertains’
Wtf !?
.
So … Black Friday … tomorrow ???
All the makings of one … that’s for sure !!!
.
.
Verne Troyer may not be quite in the building … but …
… he is definitely “knockin’ at the door” !!!
.
You let all the mentally ill people back onto the site. This is the kind of stuff they post.
I was literally in tears today reading Jennifer’s latest comment and Rong Zu’s earlier “Deerhunter” comment. God bless the IBC comment section! I am thoroughly entertained
I wish it would be a black friday and get it the fuck over with, let the bears sing songs and get drunk with blood with big woodies on how they are right just in time to be thoroughly scalped next week. Otherwise this stupid shit show continues next week..
Most people posting on this site are mentally ill and should probably be medicated.
Fly just recently decided to open the gates to more mentally ill people, by letting anyone in who wants in. He used to only have about 10-20% mentally ill people on his site.
just like most Internet sites that are monitored or screened a bit.
What’s your next trade? More MOMO?
On the bright side, they can be very entertaining.
.
… are you the same “mentally ill frog” … that used to “play a colorful ukulele” ?
ROFL
.
.
… or, was it the “colorful frog” … That used to play a “mentally ill ukulele” ?
I forget !!!
.
I am the Frog who used to play a colorful accordion in a small bankrupt Italian village, if that’s what you are referring to.
.
… Ahhh !!!
My apologies !!!
Coulda sworn it was colorful ukulele !!!
SIGH !!!
.
hi.
Word has it yellen is a huge squirter too so the flys face is gonna be covered in ol woman cranberry sauce he’s done but I mean c’mon people 15%??? The man is down nearly 40% ytd I’m sure he would be glad to French kiss her bearded clam for those types of gains…..side bar le fly, would u let her take a huge liquidy wing shit in it mouth for a yelp buyout at 95 a share?? Please advise, thanks!
Holy Fuck..>>> would u let her take a huge liquidy wing shit in it mouth for a yelp buyout at 95 a share?? Please advise, thanks >>>> Too funny
Jennifer,, Can he wear his surgical mask?
When one loses 45% of his portfolio, he requires a return of 81.8% just to get back to even!
I’m guessing Ducati is about to show up…
AP Release (New York) – Yahoo CEO Meyers announced today that Yahoo will buy Yelp for an undisclosed amount of money and shares tendered. “We believe the synergy of such a merger will increase our presence in the social space while creating a great online experience for our customers”. After the merger is complete the company will be named Yahelp! with the ticker symbol YAH.
.
… Marissa Mayer is just “cute as a bug’s ear” !!!
Don’t cha think ???
.
This Jennifer is growing on me. Perhaps like a fungus but sitting in a car on my way home from NYC and the driver is wondering why I’m laughing.
I told him that Jennifer is funny. And kind of disgusting at the same time.
.
EASY big fella …
… “Jennifer” is a “shemale” !!!
.
lol
Humble Fly = we bottomed
That’s not humble Fly. This is Decimated Fly, never seen before. Who knows what it means?
BLOODMOON BLOODMOON BLOODMOON BLOODMOON BLOODMOON BLOODMOON BLOODMOON BLOODMOON BLOODMOON BLOODMOON BLOODMOON BLOODMOON BLOODMOON BLOODMOON BLOODMOON BLOODMOON BLOODMOON BLOODMOON BLOODMOON BLOODMOON BLOODMOON BLOODMOON BLOODMOON BLOODMOON BLOODMOON BLOODMOON BLOODMOON BLOODMOON BLOODMOON BLOODMOON BLOODMOON BLOODMOON BLOODMOON BLOODMOON BLOODMOON BLOODMOON BLOODMOON BLOODMOON BLOODMOON BLOODMOON BLOODMOON BLOODMOON
BLOODMOON
http://www.mirror.co.uk/news/weird-news/tetrad-rare-blood-moon-claimed-3392142
It appears that bloodmoons have something to do with Jews. Since The Fly is clearly an extremely devout Jew, I wouldn’t feel great about being long his basket right now.
Here’s a pic for your next post, tough guy. http://joeforamerica.com/2014/04/blood-moon-questions-upcoming-apocalypse/
Fly, I been with IBC since the meltdown in 2008, after reading “Fly Stories” it seems as if history is repeating. Can you afford to hang on and hope your book comes back? Or do you liquidate, buy some Berkshire and call it a career?
I’m sorry you’re going through this, your blog is the best thing on the internet, good luck sir.
I’ll get long Fly’s basket. Loved my time with Janet, hoping this will be the same. But Jen…I had a mind it was female, gave a reach-around and just about shit myself. That ain’t right after a turn through Malacca, I deserve better. Fucking Malaysian boys are the best looking girls on the planet, just like Jen.