Might I impose on your Wednesday evening with news of your demise?
I realize the sting of my battle ax is a bit soft these days, considering I’ve missed out on the second popping of the tech bubble, down more than 22% for the year. However, for the sake of imagination, let’s surmise I’m a guy who was up 70% last year and who’s made money every single year, thrashing the markets to bits, since 2006–all live on the internets for the public to consume.
Now let’s suppose you went short today because of David Einhorn and his “bubble basket”, which was leaked on the youtube station two weeks ago. You went into the hole to sell stocks twice, bought a bundle of puts, then ventured off to iBankCoin to make fun of this chap who calls himself “The Fly”, an utterly ridiculous name. It’s almost too painful to watch, as he carelessly tosses good money after bad, all to be incinerated inside of flaming barrels of garbage. To add insult to injury, electric utility securities, as well as municipal bonds, outperform the broader indices, indeud.
You call this fellow, “The Fly”, all sorts of sordid names, under the protection of what you consider to be an inpenetrable wall of secrecy. The internet is your bestest of friends and you are empowered to let this poser know how very stupid he is, indeud.
Until your plan started going sideways. The panic that you invested in, rubber stamped by a certain David Einhorn, was predicated on the fact that high growth stocks weren’t going to grow anymore. But then they came out with better-than-expected-results, throwing acid into the faces of the people who gawked at them, waiting for execution. The stocks who were on death row broke loose–and were given sharp axes, made from VG 10 steel, and sent out into the crowd of watchers to exact a medieval brand of revenge. All the while, Le Fly, as he is known in France, activated his internet tracking software to find your exact whereabouts, for reasons soon to be revealed.
You might find yourself enjoying dinner, over a nice chardonnay, discussing politics with your brutish wife, when a man appears, kicks your door clean off its hinges and punches your jaw loose, ramming the chards from your chardonnay glass–all the way down– your– big– fat– mouths.
100 NASDAQS TO THE HEAD TOMORROW.
If you enjoy the content at iBankCoin, please follow us on Twitter
Sell the rip!
I sold AAPL into earnings so let’s make it a slow painfull death.
Great day for your 5 horsemen!
top notch!
ANGI +8.5%
AAPL +7%
INFN +7.7%
TQNT +6.4%
CRUS +6.0%
ZNGA +5.8%
ASGN +4.3%
FB +3.5%
ALXN +3.3%
YNDX +2.9%
CTXS +2.7%
ICPT +2.5%
I’m long FB, AAPL and ANGI, amongst my other positions.
.
… I’m LONG Almond M&Ms … in pretty pastel colours … left over from Easter !
Just sayin’ …
.
Very funny post.
Beans and rice tonight. Conserving cash to finance my short positions,
One thing I know, I’ll have a lot more AAPL shares soon.
How abt GLD, GDX, GDXJ rally last few days! All left these for dead! Going to Da Moon! IMHO!
That pm reaction in FB was disappointing. Unlike other earnings seasons this one is usually right in after hours. Almost like it is all planned. The momos should catch a bid.
its +2.78.
What else do you want, a dildo with a bow on it?
Hopeful thinking for sure but moar. Just a bit more. A stake thru the bear heart move. Basically.
I guess +2.78 is too soft a dildo.
I pray Silicon Valley is swallowed whole by the earth in less than three days time. Completely fatigued by the tech wrap jargon laced FB conference call. Can’t stand it anymore !!!!! Fuck you techies!!!!!
Try living in Silicon Valley. They are even worse in person.
I love tech. I am a man of a great many internets.
I like Tech, but fuck the techies !!!
I agree with that statement. Fuck those NERDS.
Dr. Fly, here’s some Japanese Deathmatch footage if you need some inspiration for the violence that you’re about to inflict: http://youtu.be/VUrgJ5xd4DA
Got 5 Calls at 530 Strike Price, June 2014 Expiry at 15$ Premium! What PT should I target for Profit Taking? I’m new to Trading! I Appreciate ALL INPUT !
YELP !?! who names a fucking company YELP ??? Oh yea, a fucking silicon valley fag. Fuck you San Francisco !!!! and every god damn incubator in every wanna be city in the country.
Short FB in AH.
Go drink some chardonnay.
Le Fly, as he is known in France, – I needed a good laugh tonight. Thanks!
short a bunch of ES contracts…..not feeling good about it, but have conviction our next move is down.
You must like taking it up the ass in the early morning, cause you are fucked.
You would be wise to shut up at this moment in time. We do not have the time or the room to house miscreant vandals whose sole purpose is to steal the bread from the hardworking people of the stock exchange.
I think this is a poor use of capital, but we shall see.
Not to be outdone, GOOG announces 15:1 split.
“Einhorn”, n. A dildo with a bow on it.
Alternately slang as in “you just got einhorned” – Used in social media via smart phones to trick the masses into thinking they dislike something they should own.
Fly, what do you think of gold and silver stocks?
I am neutral on them, bullish on ezpw though
Reread and cue the music immediately if you failed to the first time
Funny you did that, as I wrote it while the song was on loop
Another excellent gangster rap song. So good.
+1 Added something great.
.
GO DALLAS MAVERICKS !!!
Up by 7 vs. the Spurs … in the 3rd Qtr !
.
.
… make that Up by 15 … in the 3rd Qtr !
.
.
… make that Up by 21 … 9 mins left in the game !
.
.
… Mavs Up by 22 … 3 mins left in the game !
.
.
Mavs WIN 113 to 92 …
Even the Series 1 – 1 !!!
.
The NBA sucks
Fly, you expecting YELP to have very good earnings considering Angie’s big revenue increase and paying subscriber increase?
it seems like fly will wrong again.
Take a look at the Nasdaq futures, holy cow. Bears go back into hibernation.
NIght is young.
You think it’s going to flip around before morning?
Not sure, odds are not in my favor. Kiwi raised rates so I would expect profit taking on the news. That will take some of the wind out of global growth plays. Asia was not all giddy at all with Nikkie and Shanghai closing red it appears. Buyers of AAPL tomorrow will really have to believe that it can go back up to the 600 level again. Some of the sales are front runned from Japan Market which bought up before the sales tax kicked in. China is slowing, liquidity is drying up over there. China Mobile has been really beaten up since earnings. IMHO the 403 range is a lot more logical..As I said in 2010, market won’t roll until AAPL does, you know I think we have already topped..if AAPL turns Red we know the party is over.
LRAD …. #peace
My only regret is not levering up a bit more. At 1.2:1 currently, and would’ve loved to have been at 1.5:1 at today’s close. You have to be a total ass to short a market like this. This is, without a doubt, the easiest market that I will ever trade.
China Mobile is down over 1% so far tonight, AAPL is killing them with their cut in Margin, Funny AAPL talks about how they are blowing away numbers in BRIC, yet their Golden Goose is hurting. Just Random Thought.
Why is it so many love Livermore? Was it bankruptcy or suicide that made him so popular with internet traders?
.
… blew his frickn’ brains out in the cloakroom of a Manhatten Hotel …
“Dead Broke” … as it were !!!
—–
Whatta role model !!!
.
.
… he WAS a Short Seller extraordinaire however … ya know … except for the “gruesome suicide” part !
He is estimated to have made OVER $100 Million SHORTING the 1927 Crash … that’s $125 Billion in today’s money !
Think about that number for a second !
He subsequently LOST ALL OF IT !!!
—–
Who WOULDN’T blow their brains out after THAT ?
.
’29 crash?
.
… correct … 1929 was actually the peak … when it crashed !
.
Wow that is incredible.
I suppose we can conclude that J. Livermore (the real one, not the pussy that posts here) is in fact the ultimate fatso
.
… ah hem … Yes !
I suppose we CAN conclude that !
.
.
although … He (the real one) DID summons up the courage to BLOW HIS DAMN BRAINS OUT !
.
Which is interesting to think about, because on one hand it is the ultimate act of courage and on the other, a most despicable act of selfish indulgence
not to mention, the skewed risk : reward proposition
.
… true that !
.
.
… “on one hand it is the ultimate act of courage and on the other, a most despicable act of selfish indulgence” …
—-
I couldn’t agree MORE !
Beautifully articulated !
.
.
BTW, that’s a curious screen name ya got there !
.
It’s an anagram
Thank you.
Livermore did not die broke or bankrupt…”Untouchable trusts and cash assets at his death [in 1940] totaled over $5 million.
A lifelong history of clinical depression had become the dominant factor in his final years. Some believe that given Jesse Livermore’s loneliness, eccentricity, and pattern recognition skills, that he had autism as well.”
http://en.wikipedia.org/wiki/Jesse_Lauriston_Livermore
Why is it so many love Livermore? Because of this book:
‘Reminiscences of a Stock Operator’ by Edwin Lefèvre (1923) the best-selling biography of Livermore, is considered a classic about one of the greatest stock traders of all time. “one of the most highly regarded financial books ever written”
Available free via pdf here:
http://os24.org/files/a-z/speculation/Edwin_LeFevre-Reminiscences_of_a_Stock_Operator-EN.pdf
I believe Mr. Fly still own AMZN. Do you hold onto earning tomorrow and longer ? Thanks.
Still long yes
Tomorrow is either add-a-leg or roll-over
I love ultimatums, so sweet when they’re ripe
theoretically the Real Muppet is very happy about today!
I will be delivered a kick in the face this morning. This post makes it feel less awful.
Re: Livermore
I think those who are not “normal” ie. mental issues, etc sometimes connect with an endeavor that dovetails with their mental situation. I would have been surprised if Livermore had been a “normal person”. Sometimes people are fortunate or lucky enough to get the gig that matches their essence.
“discussing politics” …much too sophisticted for those loitering in the halls