I’m a little upset at myself for falling for the old huckle buck the other day, buying SOL ahead of BABA. It was as clear as the day was long: this bastard IPO was going to suck every single last penny out of the market, then kick it down a flight of stairs. Mind you, I knew about this well in advance, all the way back in April. Meticulously, I positioned myself in a myriad of utilities and made TLT my largest and boldest position in years. Thus far, everything I planned for came true, with two minor distractions.
I bought ARWR and SOL ahead of BABA, as a way to drink the Koolaid with all of the cool kids roaming the exchange halls. It wasn’t desirable to be long just bonds and electricity companies and it was hard for me to get a date for prom night.
Nevertheless, I will manage my way out. I always do. Now that I am down 10% in SOL, I will either sell it or double down. I’d rather do nothing today.
For the remainder of the day, I’d rather watch as the prophecy reveals itself to be true and all of the clowns in all of the clown vans fall perilously off the side of the mountain.
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The Fly is God.
you were away for so long. where did you go?
what happened to the badger??
fool. amazon, ebay et all will be gone in a few years. baba will dampfhammer the us and europe and when it is done, all that will be left behind is a trail of crushed companies that were too complacent for a too long time.
Traders that bought BABA at 99 feeling like they got that hot oil poured on them..
Thought they were ordering the ‘hundred dollar (egg) roll’, but got served the dump-ling….
BABA will print $130 by Turkey Day
Put all of your money in calls today, then. You’ll be rich!
It’s broken Buccs. It’s broken.
Exited a long TLT option position yesterday thinking I was salvaging premium. Dumbass!
“HAR, HAR, HAR!” – Jack Ma
You should have just bought a SHIT LOAD of DUST like I did last week. Up almost $62K friend!!!! The golds are DUST!! (pun intended)!!!! YAR YAR YAR
Nice play. I missed the DUST run and had my finger on the trigger yesterday. DAMMMMNIT
IM RIGHT THERE WITH YOU MY MAN!!! DUST IS KICKING SOME MAJOR ARSE TO THE UPSIDE. I HAVE A TARGET 30% HIGHER ON LOG SCALE WEEKLY
30yr treasuries broke 333bps which was support for the severe uptrend over the past 12 sessions or whatever. There is no real support below this until the recent low of 306bps, and even that is shaky… new low is likely before bonds can take a breather from this bruiser of a year. My bet is to 300bps.
That would be TLT $120.
FLY – – –
While I am normally in awe of your stock picking acumen, your latest call that the markets will correct hard recently are nothing short of horrific. Everyone is expecting the markets to correct and that is precisely why we will head much much higher. You were very wrong on this latest call my friend. It happens to the best of us. Take it from me who has been in the market now for over there decades and have made my fair share of mistakes.
Pardon me, but the call isn’t finished. There isn’t an expiration date on my account. Is there on on yours?
Having said that, I am flat to down 2% on these instruments. I’d hardly call that an epic failure. You sir deserve a flogging, or three.
Careful or I’ll report you to the NFL.
PS.
Markets corrected nicely intraday today to supports, relieving overbought indicators. Next week we are headed higher to new highs again.
“Flogging” (extra AP)
The “everyone expecting markets to correct meaning we go higher” is SO irrelevant
It’s been the case for the last 24 months! Because NORMAL markets would have corrected
This is controlled. We could argue that, but given that, correction-mania-therefore-higher d n a
(will disagree headed higher next week, maybe is kept in range, But i doubt, another leg)
The Fly is Dog
Fly,
The email I received said to come to Vegas to meet your crew, including you. How will you be able to deliver on this advertisement without disclosing your ID? I was hoping you would be disguised in a very large sombrero, with a poncho over a fat suit, and a fake mustache sitting on a bench in the hall of the venue. What’s up?
You will meet me. But you will never know that it’s me. That’s how.
Would CNBC please stop acting like Alibaba is some 18 month old start up. Its a 15 year old company with 22,000 employees…STFU!
Nice series of lower highs there mr copper
Is this a made in China copy of the Macgregor 26? http://www.alibaba.com/product-detail/Hison-manufacturing-26ft-Luxury-sailboat_423823269.html
Yikes, the only thing worse than owning a Macgregor 26 would be owning the Chinese knock off.