Nothing can stop this perverted market from going higher, not even lunacy. I sold CMGE TEN POINTS LOWER and all of the burritos and all of the biotech hand grenades that looked weak last week are rifling higher.
How long do I seat myself atop this wall, waiting for the shoe to drop?
Well, it’s only September 8th and there is a lot of time left in the month for surprise sex. Naturally of course there is the idea that waiting for disaster, instead of playing it, is entirely a waste of time. I might as well day trade internet stocks, or sell everything, and be done with it–if I am not man enough to sell something short, no?
But you’d be wrong about that, since I’m only cautious with my trading dollars. I still own egregious amounts of stock. I know, I know, I know, it doesn’t matter and I cannot have it both ways.
I’ll tell you what. If this market is still spinning higher 5 days after the BABA ipo, I will sell my utilities, treasuries and invest my cash. It’s as simple as that. I’m not losing money on my defensive positions. Well, maybe today I am; but overall, I am not.
Let me remind you that this sort of perversion, wanton disrespect for the laws of mathematics, is not only immoral, but indicative of a market overheating. Yes, WDAY is a great company–but not for 31x sales (drops mic, walks off stage).
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As bad as your day sounds, Roger Goodell’s is worse.
Time for some S.H.O.M.P.
WTF is a BABA? Sounds like a middle eastern dish of eggplant and tahini sauce
Alibaba
SHABA
Why is WDAY a great company??
Great management team, former PSFT guy, who never missed a qt report. That co was victim of a hostile takeover by ORCL and they started WDAY.
Solid technology and interested business model. But to answer your question: execution–thanks to legendary management team.
Thanks. Lots of great companies but are they too expensive?? Most are.
XNET. you were warned well in advance, sir.
Please, I was in that stock when you were in diapers.
yeah, for a loss.
Bravo!
Oh boy, it’s a Fly-Bluestar alliance.
If you are looking for a short, consider TSLA. Should get a nice 50 points to the downside over the next 3 months easy.
Weren’t you the guy saying that 50 points ago?
No. I have not been short TSLA for a long time. Stocks don’t go up in a straight line. If I had profits in TSLA, I would be getting out around here. I have a tight stop at the high from 2 days ago. If it goes against me, no big deal.
TSLA went up in a straight line?
Fly: are you looking at the shippers for a re-entry at some point?
90% TLT, 10% wild speculation with OA.
Mr. Fly
I think your grip is too tight.Loosen up
a little.