Upon landing in Las Vegas, I was greeted to a man spitting on the ground. He had a hat turned on backwards, unshaved face, and generally looked like a bedraggled microbe. I rented a car, in order to avoid having to enter the cars of strangers. I then drove to my destination and was once again greeted by unshaved men, who angrily smoked upon cigarettes while aggressively losing money in the slotted machines.
As you can tell, “The Fly” has never been to this place called Las Vegas and he finds it to be contemptible, a safe harbor for neanderthals clad in black silk button down dress shirts. Any proper man would immediately leave this place, for something more along the lines of a real city, with people who have clean faces and reserve spitting for their bathroom sinks.
After all, if you are interested in gambling, why come here to lose? You have a far greater chance at scoring huge buckets of cash with The Options Addicts weekly YOLO plays, if you ask me.
Throughout yesterday’s trading session, Le Fly was greeted to severe battle axes about the cheeks and gums, with GPRO, BALT, TRIP and ANET cratering hard–as the market ripped higher. Do not be fooled by the general indices; there was significant distribution in a number of high beta names.
Truth be told, I expected drops in both TRIP and BALT, which is why I started small positions in them. I will add to them into weakness.
My cash levels are around 10%. I intend to use it all in GPRO and BALT, if the Gods grace me with further weakness.
I know GPRO is off $10 over the past two days and it would have been ‘cool’ to have sold then bought it back cheaper. But hindsight is 20/20 and I am long this stock for the holidays, win, lose or draw.
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The Fly is God.
The first time I went to Vegas, I had the astounding experience of meeting someone who actually used the Martingale strategy of doubling one’s bet after every loss. A full grown adult homo sapiens had convinced himself that a strategy with a 100% risk of ruin was a guaranteed winner. I looked around at the brand new glitzy hotel that his money had purchased for Mr. Wynn, and then back at the stains under his armpits, and then back at the hotel, and then back at him and into his bloodshot eyes. And words failed me.
Wall Street takes a bad rap on the issue of “Where are the customers’ yachts,” but it’s the only industry where even the rubes supposedly being fleeced can end up making money despite themselves. The stereotypical “rube” paying 2% fees through mutual funds may underperform the index, but at least he still has a chance to not blow up his account.
The one thing I will say in defense of Vegas is that low-stakes gambling on games of chance can teach a starting trader a lot about the impact of emotions on decisionmaking, and the tuition on a hundred hands of blackjack is a hell of a lot cheaper than most people’s first hundred trades. The problem with Vegas is that most people never take those lessons to heart.
Glad to see you made it. Hope you were lucky enough to walk by one of the zombies who flick the strip club/call girl cards at you as you walk by. What a treat!
Thinking of picking up a small batch of JNUG for a swing tomorrow. We’ll see. Akin to playing the money wheel in Vegas only worse odds of winning most likely. I would have dropped a couple k at the tables anyway had I been able to attend.
PS
“Slotted machines”. Absolutely love it.
Went to Vegas 30 years ago and hated it, but the women are beautiful, even though they are passing out “business” cards.
I just had my room service removed from my room at 2am. Much to my amazement, as soon as I opened the door to help out the young lady, a bearded clam walked by and grabbed some half eaten food from the tray.
I’d rather be in Vegas with le Fly. OA and their gang of degenerate gamblers, not to mention unshaven spitters and all the other vestiges of Sodom and Gomorrah 2.0 or version 187 or whatever, than having to attend some silly cult-ritual family-obligation.
Bearded clam? Damn, Bernanke has fallen on some tough times. First his refi rejected, now he has resorted to eating half eaten food at 2am just to get by?
Lol.
Ha ha! On my first trip to LV, I was taken aback by the groups of aggressive Filipinos gathered on the sidewalks, assaulting me with little cards promoting either some brothel, or strip club… I couldn’t tell. They would even try to hand them to Auntie Buccs!
Your opinion of Vegas is exactly how I see it. Losers smoking all day and night and generally a dirty scumbag haven.
Too funny , I’ve been going to L.V. since 1968 and you’re telling me someone actually picked your trash @ 2:00 a.m. !!
What part of this “trip” isn’t going to be fictional .
Wow. Makes Atlantic City sound good.
Don’t forget to play the crapped tables and to see Wayned Newton (can we say Capter11?).
Never been there and never care to.
If I want to see tourists I’ll drive 35 minutes and if I want to gamble I’ll invest in stocks.
Fucked faces Loved their crapped tables and blacked jacks.
New York is pretty bad too sometimes. When I first entered it, I think from the nicer Manhattan side, first I saw was a bum. Then a million limos. 🙂
Calm down Bruced Kellers of the world!
http://youtu.be/uZ9LRn7Chno
Lots of Vegas animus being commented. If you are staying at Encore, the riffed raff should be at a minimum, MGM Grand might necessitate a silked hankerchief about the face.
Las Vegas strip is significantly different than the city and all the hit movies advertise.
However, flights are typically cheap (probably subsidized) and for a price the food is very good.
Also Baccarat (extra James Bond) is still alive in Vegas, unlike most American casinos.
Vegas has awesome restaurants, good nightlife. I go every year but i never gamble. After i get rich i’m gonna buy me a condo in Vegas!
Wait till you meet all the drunken vagabonds roaming the streets at night. you sure will witness someone pissing at traffic light pole
Am glad you’re in $BALT. I’ve been in it since the high 5s. now we can both enjoy seeing it sink. They missed yesterday and that Georgiopoulos director needs to go. he screwed up $GNK and now this.
Staying in a condo off of the strip, via $AWAY. Apparently there are a bunch of KISS Army jagoffs in town for a concert, so we’re limiting our exposure to such people.
First time in Vegas…was the last time in Vegas….
If one can’t enjoy Vegas for what it is then one deserves to live in the suburbs. But it is a terrifying place for germphobes.. not that there’s anything wrong with that.
Dinner – drive to Lotus of Siam. Arguably the best place in the country for Thai. You dno’t go to order the usual stuff, you go to order the Northern Thai dishes. Oh, and don’t be thrown by the look of the place. It’s safe, good, and worth it.
100% correct.
Got food poisoning there before. Good food though. Lol
Oh no, don’t tell me that.
Yee should have gone to visit me friend Moe Green at the Tropicana, Senor Tropicana… Now Moe knows how to show gentlemen a good time!
PS. PHUCK Interactive Brokers for creating new friggen monthly fees and requirements! The landlubbers making me walk the plank… Arrr.
Not sure if I should stay with I.B. & put up with their shite (extra bad English) or if it’s time to give em the ole’ heave-ho.
Ya know lads, if we all start closing accounts at brokerages who raise fees & try foolishness (after we open our accounts & they think they have us by the balls of course) then maybe brokerage companies will stop trying to pull this nonsense…
Anyone playing LOCO into earnings tonight?
Picked up a Jan 38 call today.
39
added more BALT here
Who all is going to be Instagramming these shenanigans? Hit me with your handles. I use the same one everywhere.
Great question Uncle; here here! (Pirate talk, not British homo…)
just followed you, should we use a hashtag? #ibankcoin? would fly would toss me off the hotel roof if I used it? haha
pyro- I followed you back. The #iBankcoin hashtag would be great. I’ll be sure to check in on it.
Up 9% on JNUG from this mornings buy
May I suggest the Barrymore restaurant for the finest crustaceans and fine delicacies. A true find.
I went to NYC about two weeks ago and have to say someone has to do a better job of waste pickup. I mean right there out on the sidewalk. Really?
That’s why they have those big rats.
I think it has something with the way NYC was laid out. Really no alleys for the garbage trucks to go though and get the trash in any dumpsters and they can’t put dumpsters in front because there is usually parking on both sides of the streets and the garbage trucks can’t get to it.
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“I rented a car, in order to avoid having to enter the cars of strangers.”
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Isn’t a rental car a “strangers” car … when you think about it ?
LOL
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I thought of that too Alf, but then I imagine the ‘C’pn’ likely travels with some sort of disinfectant kit and has any vehicle fully sterilized before usage… Arrrrr.
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… I won’t even get into staying in a “rented hotel room” and sleeping in a “strangers bed” !!!
If walls could talk !!!
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