Markets are looking pretty good here, post open. All of the lemmings are running about, buying the dips, merrily and gleefully profiting along the way. Believe me, there is nothing that I want more than to either totally crash and burn or melt up to the sun, eject the bears out from the space capsule, then watch them disintegrate. My hell is this back and forth to nowhere.
“The Fly” is not a rocking chair type of a man. He enjoys a good challenge, 5 hours at the gym per week, and lots and lots of kinetic energy.
I love managing money and I also hate it. It has shaved decades from my life expectancy, made my life miserable at times, and filled with so much hubris during period of success that Mrs. Fly has attempted to kill me on more than one occasion. Even still, I cannot envision myself doing anything else.
Biotechs are bouncing hardcore here and the market has the look and feel of a reversal. But I am not a child and I am not drinking from an infant’s bottle as I write this blog. You’d have to be a servile idiot to just run out there naked without protective hedges.
As it so happens, that is exactly how I am positioned right now.
If you enjoy the content at iBankCoin, please follow us on Twitter
Get your rally cap on!
suggestions?
BRK.B my current fav. Granted it doesn’t move a lot but it’s range bound and at the low end today.
Brk is down 4 bill on ibm
pretty much a gieco company with some other crap thrown in. I would wager geico is reason why the stock is up so much
Fly, do you still own XON? That’s another one you called when it was at around $20-something
I was in at $16. I am out.
Another Randall Kirk holding ZIOP is flying too.
Fly why is my FRO on blast tho?
Dude my FRO looks whack as a heart attack today.
stopped out at 4.50 with oil reporting inventories up 5.4 million barrels, shouldnt this help the “supercontango” and lift FRO back to new highs?? Im confused as to why the drop in FRO today – can someone help??
sorry – bad punctuation – stopped out at 4.50. With …..
Got too hot
so does it bounce after a respite?
you still in TNK?
Sold it. I am in nna
sorry…I knew that..supercontango to continue
Nothing wrong with doing nothing.
True!
my thoughts exactly.
Maybe cash it in and go work at HD in electrical? .. and the yougins’ will make fun of you behind your back … “yeah that’s ‘old man Fly’ he works in electrical .. says he managed money *lol*”
This biz is draining but what else are you programmed to do .. really.
Electrical in HD seems very appealing. Sitting in front of a screen all day is pretty tedious even on good days.
Put on winning trades in the am – Go to the gym and get prison huge during the day – come home by market close to book your gains from the day. Maybe stop for a hammed burger on the way home..
I put in a trade and then wander the neighborhoods speaking with the cool cats before grabbing a nice eel over rice. And sometimes I forget to check back in the afternoon and just take a nap.
🙂 good stuff
“shaved decades from my life expectancy” ironic coming from the immortal.
Keep you Microbiome in harmony and Le Fly shall prosper in 2015 even if it appears that he is losing. Perhaps a tad bit of Caprylic acid to the diet?
In regards to the WTI – Brent spread narrowing, can someone(s) please explain the relevance of this, and it’s impact on the refiners who are getting a$$ rammed the past two sessions. Thank you.
Refiners buy at WTI and sell at Brent pricing. When spread narrows, so does their margins
I’m doing the biotech boogie.
very apt. I’ve been doing it for months. fighting ISIS is exhausting. 🙂
There’s still way too much hope around for the potential sell off to be finished. Blood is barely dripping into the streets yet. Give it a few days.
Unparalleled horrors here, “disaster scenario” on Yahoo Finance…. meanwhile, the S&P is 4.5% off all-time highs…
Precisely why I bought spy calls today around 199.50.
Indices has been hiding the underlying weakness for awhile now.
long XON thanks to fly—-bought ZIOP based on XON connection
watch GERN J&J part Mayo Clinic Dr. Tefferic 170m Cash
I’m in on GERN
such a purty chart
Fly is Out of Office again, most likely at his day job.
crossing my fingers no eod plunge, but
Lol, today was my best trading day in months. Laughable how poor my strategy is. Long huge in $JDST and $UWTI, bought $YCS at open.
my best recent days were the last week of last year and the first week of this year. but trading today was the most fun I’ve had in quite some time. thoroughly enjoyable.
if only i didnt sell $ARWR at 6 a few weeks ago before the $GILD rumor. was waiting to dump that garbage since the big drop day. decided to cut losses for tax season. then go to find out ill be rolling over my taxable loss to next year. yep.
Test comment