iBankCoin

BEARS POLEAXED IN MIDSUMMER RALLY

I told you this was going to happen to you. Sure, you keep holding my brief moment of indiscretion and potentially fatal exercise in financial tomfoolery over my head–pointing towards my losses in The Four Horsemen of Financial Doom. But “The Fly” is still Le Fly and he’s winning again, knocking balls out the park as if they were grapefruits.

As you wallow on the sidewalk, drenched in your own blood, take account for your actions and learn to respect those who are better equipped, suited, and genetically superior to you. There isn’t much time to waste. You must correct your errs with haste and fold back into the matrix of man, so that you too might be afforded a chance at success.

All of my positions, sans TLT and IFON, are higher today, leaving me with a 1.1% intra-day return. These returns will be donated to my pnl to further eradicate egregious losses that were placed on my ledger back in April. I know exactly what is going to happen and when.

These are my favorite holdings as of right now:

QIHU, VNET, JAZZ, ZPIN and LITB.

I am long more than 30 securities; but the chinese ones are my favorite. “The Fly” is a man of the orient, a wall builder and a person with extreme skills in the martial arts. I invite you to test his style and have your head knocked off like a play doll in a romper room.

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24 comments

  1. jules

    Le Fly is going full Bruce Lee on the bears!

    https://www.youtube.com/watch?v=diArzr74WuE

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  2. YOU WILL KNOW ME BY THE TRAIL OF BLOOD
    YOU WILL KNOW ME BY THE TRAIL OF BLOOD

    The Chinamen have a good stock in BIDU.

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    • jon v

      They have a better stock in BITA of which I am long from $13.30. Of course, my position size at the time was a miniscule 3%.

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  3. xxxhuggiebearxxx
    xxxhuggiebearxxx

    I am now short a basket of stocks, planning to hold through Q4.

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    • jon v

      which ones and why? why not wait until some sort of rounded top or chart confirmation?

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      • xxxhuggiebearxxx
        xxxhuggiebearxxx

        I am short all the stocks people around here love:

        ADBE NFLX NOW P TRIP VRTX YELP Z

        I am planning to hold through the end of the year. In terms of timing, I am comfortable taking these positions without chart confirmation.

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        • alty

          You’ll have no face by year end

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          • xxxhuggiebearxxx
            xxxhuggiebearxxx

            maybe….its only an aggregate 10% of my portfolio so i’m not too worried. Most of those companies are going to face the music at some point, and I’m comfortable riding the positions for a long while.

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          • blackalgo

            I hope they don’t have a blow off top for your sake

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        • bart smith

          See you over 100 S and P points higher douchebag.

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  4. dishobgyn

    too much optimism, I am net short,

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    • it is showtime

      Optimism??
      Medium to medium-rare volume. It was a gap open algo push flatline

      I agree with bears-Poleaxed. Do not agree with Optimism

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  5. blackalgo

    then why is Dicerna (DRNA) trading at $14.70 with a consensus price target of $43…
    http://www.nasdaq.com/symbol/drna/analyst-research
    any thoughts?

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  6. tradercaddy

    My TZA is down (I bought @ 15.49) but not a bad as it could be (still looking for Aug-Oct. swoon ala 1987), GDX is up slightly, cash is cash, but my black bear skins and pelts are soaring on the International Wildlife Exchange in Bora Bora.

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  7. duckkell

    shippers?? BDI seasonal rally underway. Capes looking good. BALT?

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  8. hattery

    If I ever retire from trading actively, I am probably going to just keep it simple and have a strategy that is something like 40-60% allocation of XIV and 5-15% allocation of IWM puts and remainder in high yielding income basket, roll the options every QTR and increase XIV on Vix spikes and add to IWM puts when VIX is cheap. As it grows I may increase income and tone down the XIV exposure. The puts should somewhat protect me from a crazy blackswan 2008 like move or 1989 Japan like nightmare decline (not quite) so I am still capitalized to add XIV lower through rebalancing.
    Seems pretty robust, easy, and built to outperform. Am I missing anything?

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  9. reasonableguy

    Just wait ’til BABA is unleashed. 🙂

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  10. moneybagz

    Anyone who says I am waiting for the market to do what it did in (’29 ’87 ’00 ’08) is an idiot of the first degree we have broken out of the 2000-2012 trading range and yet everyone is bearish/scared we will have pullbacks corrections but make no bones about it this is one monster bull run we are on

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    • it is showtime

      Is controlled manipulated beyond what anyone wants to say
      of course wont just drop yet
      Pathetic bulls need this leash pulling indexes. all it is
      Nope not like 29 someday bigger

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      • moneybagz

        Where you gonna put your money cash? we just printed 4 trillion in new dollars. Bonds? This is the most manipulated instrument of all the markets. Rate risk has never been higher and your losing a huge bid from the FED. The dollar? You know every country is trying to move off of the dollar. Gold? What the well does that get ya a gold chain like my uncle Vito wears. The US stock market at 15x forward earnings is the best place to be and I agree there will be a correction to shake out the weak hands but mom and pop are still not in this yet they still own the long dated muni’s because they pay a good coupon completely blind to the risk at the long end of the curve.

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