After yesterday’s rally, I was worried that my dear friend, pain, would be gone. It’s so good to see that it decided to cancel its trip and stay with me a little longer.
The Dow Jones is up around 3, but the NASDAQ has been afflicted by late stage aids, and is off by 37.
Most of my stocks are down 4 points. It’s quite nice, actually, all uniformed and very disciplined in their synchronization.
Whatever good will that was built by yesterday’s rally has been completely and utterly destroyed within the first hour of trade here, so it’s back to the drawing board, where I will try to figure out ways to blow myself up, while making it look interesting. See, if I simply go down, that’s no fun at all. However, if I can make it look like a fair fight, see me ebb and flow, kick and punch, well, that’s a spectacle.
Prognosis: more pain, immediately.
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Remember my comment on TITN? http://ibankcoin.com/flyblog/2014/04/08/my-analysis-on-the-current-situation/#comment-428740
The squeeze is on.
You have to be kidding me, right?
Keep watching, especially if this market mellows out and turns around.
So if the market starts to go up stock prices will increase…. tell me more.
You have a position up 12% today?
Up 12% ? How ridiculous.
I have positions down 12%
TITN FTW
Yes, I was wondering what that feeling was yesterday…apparently someone had lifted the brick from my scrotum. Glad to have it back
Crazy, YELP down $4
clubber lang day?
Fuck this, were is the Rush video.
Most of my high beta stuff is in my gambling account, I’ll watch it go to zero before I sell here.
Going out on a limb here but today/tommorrow marks a real tradeable low in this crap. We rip into April expiration.
Ah, how nice, NADAQ now down 50
Oh my YELP
All:
I will soon be covering my YELP to rebuy. Don’t worry.
Sincerely,
Rong Xu
Nice short
I have covered my YELP and rebought 70 calls expiring in 8 days. YELP shall ride again!
Sincerely,
Rong Xu
whether you’re just a fake or not, you’ve certainly nailed 2 trades on YELP.
Not fake, and let’s make it 3.
Sincerely,
Rong Xu
Goong Xi ni. May cai shen be by your side.
Gong xi ni to you. YELP above 68 will prove to be a feast of bearmeat for shorts.
Sincerely,
Rong Xu
Gong xi ni everbudy
Stock “synchronization” is actually a beautiful thing (like synchronized swimming) and should be a technical tool like MACD.
Yes, I do believe you have coined a new technical tool for the stock fortune tellers.
too bad they are “synchronized” on the upside… Naz now down 67, looks like we are well on the way to another 100+ down day, 2nd in a week.
Fly, I’ve been a reader of this site since around 09. Your writing is some of the funniest stuff I’ve ever read. I send your posts to non-stock friends and they love it.
If it is not already in the works, I hope you find time to write books.
Looking forward to more moustaches punched off here at ibankcoin also.
Thanks for doing this.
Fly of Wall Street, there’s a book there, or a movie.
I would buy that book and read it to my 9 year old.
Every night before he goes to bed
Good idea to sell calls near the money in some of these names…(I like FEYE) the owners of these stocks have shown their hand – and it is weak. But the implied volatility is sky high, tough to long puts here…
Wow wtf
I got a lotta mo, a lotta mo…
“uggh uggh”
-Clubber Lang
Momo stocks vs. The Fly.
http://www.youtube.com/watch?v=wM-lOVgoUqI
Thanks for the video correction BadBoy, that was 4 ‘ughh’s’, not 2
By the way, Balboa’s strategy is ‘brilliant’, kinda like, I’ll let you unload your shotgun into my face 15 times, then when you get tired of blasting me, I’ll decide to fight back. A bit like the Cap’n, no?
-and just like Rocky’s insane strategy that can not work but does, the ‘FLY’ usually comes out alive and back at the end as well.
I bought KOG calls at 9:00 this morning. #market rigged
Sure I’ll write a book about how stupid I am. It should be 3000 pages long.
Fly, not only have not not listened to The PPT, but you also violated your 10% loss rule. I’m rooting for you here, this is tough one to get out of so all eyes are on you!
Actually all eye are on you now!!!
How so?
.
… Jesse Livermore is still considered a stock trading genius nearly 75 years after he committed suicide and was forever immortalized in a book !
.
Reminiscences of The Fly
Get on Amazon !
.
tripled down on feye. average price is now 79. lets go.
Nice basis
Good luck with that 50% rise to get to break even
when in trouble…double or in your case triple.
i hope this is a joke.
i hope this is a joke.
yes was a joke
God hates us all
In all seriousness though, everyone, hold on to your money. account blowups happen quick, fast and in a hurry
wicked bulltrap bitch
“Hey woman, hey woman!”
http://www.youtube.com/watch?v=bF_iiX1HepM
today was to be expected. like a good general in traditional war fare, you don’t send in your best men on the first wave.
Yes it was joke, very good joke
I have a joke too
I bought yelp yesterday and reduced my basis to 79
I’d so love a rally right now that would cause you to write something about cocaine gorillas and unsuspecting short sellers sipping glasses of chardonnay inside of saunas.
you sound a lot smarter when you do not speak bunk
iBankYelp (and therefore coin):
A triangle has appeared on my YELP chart! Prepare for liftoff, much like a rocket. I believe we could retag 70 today (thinking 2:30 PM EST) even with if this pathetic market.
Sincerely,
Rong Xu
Apologies for engrish.
Sincerely,
Rong Xu
lmao
How many lashes will you dole out to those who are short yelp?
Mr. Fly:
They lash themselves by being short YELP. Yelp!
While I wrote the preceeding sentence, my medication fell from my hand into a symbol resembling a giant erect penis. This must mean only one thing, the market has bottomed, bottomed hard. Therefore, all aboard the TitsNAss choo choo train express known as TNA.
Sincerely,
Rong Xu
It’s interesting how so many try to imitate Fly’s humor in these comments, but NO ONE is able to pull it off —
only Fly can be funny like Fly —
Find your own style of humor
It looks easy to imitate but it ain’t
If you are a long term stock buyer these mini drops are great times to add. One day sale going on, get em while you can.
no one is long term here. everyone wants the quick dollar
We are long term when buried under 6 feet of losses
+1 great perspective… I’ve said it before, you will look back a year from now and smile…. one thing I know for sure, bears hibernate. long term, many of these stocks the Fly has pointed out are steals. sure maybe tomorrow you can buy them cheaper, or the next week… but a year-2-3… you’ll wish you held them.
2, 3 years? What about tomorrow afternoon? Long term, everyone is dead
2-3 years?? That puts us right in WW3, the fight for global resources.
Sierra Water
Brazil continues to be a place of placid and serene waters, warm sun and sky, and generally an all around good place to hide out right now.
If you were a man, I would propose to you
VZ had been a good place to hide too. Who knew the switchboards were so safe?
Want a recipe for a blowup? Allocate 20% to IFON. You’ll be out of money quickly.
This market is a castration machine on both sides.
VIX tits still a steal!!
pretty ugly price action
The worst part about declines like this (as a fund manager) has to be getting calls like this from your clients.
https://www.youtube.com/watch?v=vq4qgrfJlF4
maybe i’m better edging more against
The Forecast Calls for Pain….
(Robert Cray)
http://www.youtube.com/watch?v=Hz_ZLvIvYMc
Global Recession I tried to warn you
go back to your glory hole, there is no global recession
Global malaise works fine.
nearly lowest jobless claims in 7 years today