All of my securities have opened their wings and flocked to the sky, unafraid of Einhorns or other nefarious anti-aircraft devices. My positions have tested time and won.
Now all of you out there, reading these scribes, are probably losing your horses in this tape, scared of shadows, sick to your stomach from the churn. Rest assured, this is the 5th time the machines have destroyed Zion; they are becoming increasingly efficient at doing it. You have a choice to make now.
Either you ignore what you see in front of your faces and go play a game of tag with some of your adult friends outside. Or, you can sell everything, buy a bunch of oil stocks, and arrange for your own funeral. There isn’t anything left to do, other than play with the mirages.
The market started to drop, in lockstep, with NOW today. They reported better than expected results, had a few nice chaps at the old brokerage houses reiterate $84 price targets, only to see its shares eradicated from trade within 10 minutes of the opening tick. People in my business watched, in horror, as the stock dropped 14% from yesterday’s close. Panic set it, as the realization of nothing being able to arrest this decline set in, not even great earnings, and everyone ran for the exits, cloud stocks in particular. As we speak, some of those shares have recovered a great deal. What we are looking at is either the beginning a complete and absolute collapse in growth companies without earnings, or something less sinister in nature, but equally depressing–nonetheless.
What we are bearing witness to is the end of speculation. Very soon, all of the IPOs will be canceled and brokerage firms will fire 50% of their work forces to make ends meet. The economy will respond by tailspinning into the ground, completing the Obama legacy of nothingness and ineptitude. As this occurs, the Federal Reserve, chaired by Yellen, will continue to ignore the fact that this economy is dead without stimulus and there is nothing that can be done to save it, without artificially pumping it.
The better alternative will be to see this morning’s panic and subsequent reversal extend into the afternoon session, erasing all losses for those of you out there, less fortunate than I.
Fingers crossed, for the sake of America.
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Avast ye scumsuckers who maligned Cap’n Fly. Sail onward Cp’n!
Wait, how can you be up if all your stocks are down?
internet trading is amazing isn’t it
Isn’t it wonderful?
I think you mean the economy is dead. Its only the stock market that is dead without stimulus.
Economy isn’t exactly dead.
Just got in FEYE and YELP this morning at the bottom. Up handsomely this afternoon as well!
Nothing about you can be handsome
FEYE is a retard magnet. I can tell how stupid someone is just from including the ticker FEYE and the word ‘BUY’ in their post.
You SImple SImon Idiots realize that there are other stocks out there. Amazing companies with actual earnings that aren’t down 55% from their highs. Stocks that actually make their investors/traders/speculators what have you real honest to god $$$$. Instead you buy shit show stocks bc some strange guy writes about it and well god fucking forbid you did your own research. I want FEYE to go to $0.00 so all the idiots who bought it who keep saying “it must go higher and it cant go lower” watch it not go higher and in fact much lower. What a bunch of crack addled monkeys.
Wait a minute Gary–I thought FEYE had great technology?
its so great they expecting are going to lose $055 a share.
Look maybe it does have great technology, but the idiots here buy it so Fly says “good job” and they go and jerk off in a lonely room thinking about an imaginary conversation between them and Fly about their mutual stock picks.
What Im trying to convey is this stock, right here, is a murder hole. Its one thing if you are stuck in it and trying to get out – its entirely different if you are jumping into it w fresh money bc a guy on the intenet says so (no disrespect to Captain Fly).
+1
+100
FLY… have you lost it? All you’re positions are down large today.
Unless you’re somehow being meta-poetic? lol…
Dyer
Read previous post for insight.
What market are you watching Dyer
They are all up 6% fool
Are we going to war yet?
Hater
@fly, you are hilarious. Love the posts today
Thank you to everyone who went short at the open, there were a lot of deals out there today!
What were they?
The exact ones you shorted.
it would be great to hear some commentary on what janet yellen is doing at this very moment
I believe she is knitting some booties for her grandkids or trying to recover from the great San Francisco pot gathering over the weekend.
Just a guess.
that sounds pretty on point
Back from my prostate massage. Wow the market really came back.
I was told I have an elevated psa, I am an old man and the doc is a hot female. WHAT IN HELL DO I DO?
Bend over, drop your drawers, and take it like a man.
Ask her to milk you
Viagra.
I don’t know who is winning in this market – only the most nimble and disciplined traders I expect – or the fucking 401kers. I know I’m not, the bears aren’t, and the bulls around here aren’t either.
I’m 56 years old and can’t make half your gain today in a year. What am I going to do? Apply for section 8 housing or go into one of those NJ tent cities?
WOULD YOU LIKE TO JOIN ME?
Tent cities are cool
just buy NUGT with all your net worth John
Pictures of fortune cookies by this summer
http://www.youtube.com/watch?v=d7V1SUGFSw0
in all seriousness, glad things turned around
Don’t look at me, I voted for Hillary.
Fly getting destroyed again, good thing he’s got the ppt and even better that he keeps buying feye at much higher levels, I wonder what all of his “institutional clients” think of this
Doesn’t matter, he is already rich, and you will never catch him
he’ll be fine. He’ll front-run a merger sometime this year (pull an Ack) and get back to even.
+1
Learn how to fish and you will eat again.
go back to where you came from
Fly- I can’t understand why you bother to fight and chirp with some of these sh#t bags on here. These trolls visit your website every day, probably 5X’s a day…..why? They need some sense of direction, that’s why. They don’t have a single original thought in their skulls. They’ve been short this tape for 5yrs, and at this point, don’t even know why theyre short, they just are. I hope to god none of these asshats have licenses to professionally manage money, because I’ve got 2 words for these Pikers, MORAL HAZARD. I don’t post here often, but I do miss the days of yester-year where Southern Gentleman used to flock to these grounds to discuss politics, business acquisitions, thoroughbreds and drink only the finest of single malt scotch whiskeys.
All the Best
Are you finished? can we all go on about our day now?
Kenny Powers is the official sponsor of greater than 5% up days.
“Sometimes when you bring the thunder you get lost in the storm. But a true champion, face to face in his darkest hour will do whatever it takes to rise above. A man fights, fights, and fights some more. Because surrender is death, and death is for pussies. My ass ain’t no pussy. My ass is a fucking champion.”
fx, we didn’t need your life history. Mr. Fly gives as well as he takes…and you are a complete queer Jeremy. Congrats.
dont call me jermey
@FLY – how r u up so much today? all ur holdings are showing red today
Do I really need to explain this post and the last?
C’mon people
who the h3ll understands ur last post? I’m reading it again and see no mention that you added at the market lows. so don’t see how you can be up 6%
Lord help this audience to grow a brain while at the same time instantaneously eviscerating anyone in silicon valley who uses the phrase “user engagement” today.
Put in stops and head to the Golden Corral where you belong. Stop watching every tick, fatso.
Bought TVIX @ 6.40
Sorry I couldn’t help myself
Biggest mistake on planet earth is messing with that product. It follows no rules and is manipulated with ease.
thing is I keep catching profitable swings so…
AAPL is the only thing holding up the NASDAQ.I suspect FB will finish the day with a loss.
.
… that AAPL Gap Up is just ridiculous !
.
begs to be filled
Like your sister
War starts this weekend. Position yourself accordingly.
Time for an up 8 percent post.
Looking for feedback: Long Europe, Short Japan; paired trade. Any thoughts??
Europe about to ease (inflation); Japan entering deflationary recession (not easing)…
Seems flawless unless war breaks out in Europe of course!
EPV &&& JPNS
this market looks worse than a 30 year HS reunion.
I’d have to agree with fx that the tenor of discussion has fallen off a precipice. Can only hope that when Fly has recouped his losses and the self flagellation stops the penis guillotine will do its magic. Giles, another single malt.
Senior Tropicana, the Sinbad the Sailor of our time !!!
Any lady boys on here?
Show your face impostor !!
Rong, SINA going the “Rong” way!
NOW set the tone…got the early look from pals over at CS…after it settled take a look at the candles on the 2min doesn’t get easier than that!
Go Le Fly!
Geek Speak Translations
Increase User Engagement – Get more fucking people to use our app.
Enhance User Experience – Get our piece of shit app to work better.
Pivot – Our idea sucks, we’re going to try something else.
User data – ID theft
Advertisers – Idiots
Partners – Advertisers
LOL @ DATA
Whats so funny pencil dick?
Well, I’m short the ES again, and this time for good. Only 1/15 of my utlimate position, so i’ve got a long way to go. Won’t bother me to see it go higher for a while so i can average in nicely.
The jig is fully up fells. Time to run for the hills. Next week will be a bloodbath.
https://www.youtube.com/watch?v=ES7dzIXMCrs
The Fly is the real econ genius not Piketty.
ALL —
I have inside info on a pending acquisition.
The company is Compu-Global-Hyper-Mega-Net, they are destroying the competition in the security software application space.
Real hush hush though.
http://simpsons.wikia.com/wiki/Compu-Global-Hyper-Mega-Net
Thank me later!
I must say, le Fly in a financial rigmarole-quagmire of sorts, is good for his blog comment tally
options looking at 10% move for P
Go get you some!