Congratulations stockTARDS. You’ve managed to bid this market up to vaudeville heights, only to quickly abscond with said gains and now you’re trying to justify what you’re seeing in front of your fucking faces.
BEAR MARKET TRADING and the market has shed more than $4 trillion in value since September. According to BofA, equityFAGS fled stocks en masse last week to the tune of $39 billion — a new record.
Aside from the issues with stocks, there’s the unfathomable concern in the high yield markets — an ongoing fuckery of monumental proportions. Speaking of which, an ‘influential’ analyst just took down estimates on AAPL by 20%.
Here are the details.
Slashing iPhone shipment estimate for the first quarter 2019 by 20 percent to a range of 38 million to 42 million (previous forecast was range of 47 million to 52 million)
He estimates 2018 iPhone shipments of 205 million to 210 million.
2019 iPhone shipments will decline 5- to 10-percent from 2018 to a range of 188 million to 194 million
But Kuo’s note is titled, “2019 iPhone shipments likely to be under 190 million units.” That would fall well short of the current consensus analyst estimate of 212 million iPhone units shipped for the calendar year 2019, according to FactSet.The analyst, known for having close ties to Apple suppliers, cites lower demand for the iPhone XR, the new more affordable iPhone.
“The increase in orders of legacy iPhone models cannot offset the decline of XR and XS series shipments because of the low season impact,” he adds.
What are we to do? Well, I’m gonna get lit up in my stocks and gold today, only buoyed by my TLT position. My quant account will fall in line with the market. I am not immune to the pangs of agony and the horrors of a market, quite possibly, on the precipice of explicit and irredeemable disaster. I am open to the idea of all this ending, unceremoniously, and without pause. I have cash and will chase momentum to the downside, and hopefully I will be fortunate enough to catch the break. The recent trend has been buy intra-day dips, sell intra-day rips — with an acute overnight bias to the downside. In other words, if you’re shorting at the open, you’re most likely going to lose. But if you hold until Monday on the long side, you’re also setting up for capital losses.
It’s a hard market, no doubt. Do not get discouraged by the vacillation, for it too will end one day, soon revealing a very easy to read trend.
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“stockTARDS?” Really?
10/10
You covered your shorts Monday (probably not a bad move) because of Exodus OS, and I noted that just means we go lower
“Oh, so Exodus has printed an OS signal? That means we go lower. Bear markers are ruled by fear, Bull markets ruled by greed (neither ruled by fundamentals).”
https://ibankcoin.com/flyblog/2018/12/10/covered-shorts-no-interest-buy/
10/11
You called a market bottom
“We’re very likely to get a major hollow candle today, followed by 2-3 additional up days inside of this range — up to $280 on the SPY.”
I responded:
“I can see it both ways. Although a rally *seems* overdue, ***hitting the top of the box for the 4th time in a row seems optimistic.***”
https://ibankcoin.com/flyblog/2018/12/11/merry-xmas-america-trade-war-won/#comment-556261
You called for a long, and yet again, i noted the morning action, and made the opposite call.
“Also, speaking of hammers, look at how AAPL, NFLX, and AMZN moved right after the open. I added a long position in APPL to hedge my shorts, just in case”
10/12
The market rallied 400+ points, but I was still unconvinced midday.
“I’m waiting to see how this market closes. The Bear in me see tech charts rolling over now, but the bulls could see it as consolidation.”
https://ibankcoin.com/flyblog/2018/12/12/silverfags-get-orphan-metal-cusp-breaking/#comment-556358
That market lost 200 pts in the next **hour** after that post.
You went deep long at the market close, and I made a “retarded” market call that Bulls looked weak and so I increased my short position.
https://ibankcoin.com/flyblog/2018/12/12/bought-bell-god-mercy-soul/#comment-556366
10/13
You called for a short squeeze, I noted that the big money was selling like crazy.
https://ibankcoin.com/flyblog/2018/12/13/jp-morgan-upgrades-ge-merry-fucking-xmas/#comment-556400
I held my shorts, and even detailed some of my exact postions (long cash, short equity)
https://ibankcoin.com/flyblog/2018/12/13/markets-give-chop-fagbox-persists/#comment-556403
I pointed out that risk was on the downside.
https://ibankcoin.com/flyblog/2018/12/13/hedging-case-disaster/#comment-556416
12/6
Early last Thursday morning, you called for a 1000-pt drop, I called for a **rally**
https://ibankcoin.com/flyblog/2018/12/06/market-jerks-off-higher-based-off-leon-cooperman-interview/#comment-556098
I NAILED it.
Then even thought *I* was long and *you* were short that day, you praised the bulls and I insisted that they already lost
https://ibankcoin.com/flyblog/2018/12/06/holding-shorts-day/#comment-556111
TLDR-STFU
Now you are hurting my feelings. In consideration, this will be my last post on this blog.
Excuse me, while I go cash out my massive short positions
when will your blog go live?
Can we ban. Numbergame ? This fucker clog the message board
Then stop reading, Pussycat
Hey, take these silly dips to add to your silver.
Numbers, do you realize that, when a guest at a restaurant, the waitstaff spits in your food.
I don’t care, just as long as they don’t overcook my ribeye and keep my glass full. A little saliva doesn’t hurt anyone. Do you make a someone use mouthwash before you kiss them? Do you realize what kind of germs you get just from grabbing a door knob?
Also, to be clear, I am not rude to wait staff. I treat everyone with the respect they earn, whether janitor or CEO. That’s why I give props to Fly when he deserves it, but I’m not afraid to call him out either.
Fly has enough suck-ups on this board; if he doesn’t agree, he can ban me and I’ll have more free time and he’ll have one less **knowledgeable** person to bounce his ideas off. Also, if you guys are offended by a little bragging now and then, you are on the wrong blog.
I agree re suckups. But you seem to be advocating that Fly give up his in-your-face humor in favor of milquetoast ..or risk having guests like yourself consume space with useless attacks. I support the Fly double-standard in this area. Just state your views and they will be appreciated on their merits.
I welcome Fly’s hyperbolic humor and am not offended by his langauage..
However, his *hypocrisy* tends to irk me, particularly when he directs personal insults at me and then claims the same positions 2 days later.
So what exactly are *you* advocating *I* do? I see no reason not to defend myself, as the only penalty is a blog ban.
Yes, spam like the above series are very self-indulgent and do not benefit the blog overall, but you (the blog readers) get the good with the bad. Can you recall one other reader that uses the words “financial statements” in their posts on a regular basis? How many readers can give a counterpoint to the use of the Sharpe ratio (a point that has now been vindicated)?
numbersgame, you are as much worthy in your time or unworthy in your time as are the rest of us. And no one is going to tell Fly what he should or shouldn’t act upon. This is his kingdom with divine rights.
I’m not sure what your point is.
I am not suggesting that others not post. If you are suggesting that my typical posts (other than today) are less insightful than the average post here, then we’ll have to agree to disagree. Which readers do you think provide more useful, insightful, and/or **actionable** posts than I did in the last two weeks?
Hi Dr. Fly, it’s Carr. I didn’t have time to follow your blog during this nice volatile market, but I guess you’re all banking tons of coins as usual.
I think and hope I’m finally done daytrading the ups and down in the last few months on a possible double bottom on the daily. Just bot Feb calls at 262.6 and hopefully will be able to keep over the holidays to be ready a strong start of the new year. We’ll see but otherwise stop is set at 261.
Happy Holidays to all and all the best in 2019!
https://www.tradingview.com/x/3tyYwtfS/
You guys are a riot! Happy Holidays dollargoal which amounts to Merry Christmas at this point. I’m never sure about Kwanzaa.
OK. There are 7 principles to Kwanzaa:
The Seven Principles are: Umoja (unity), Kujichagulia (self-determination), Ujima (collective work and responsibility), Ujamaa (cooperative economics), Nia (purpose), Kuumba (creativity) and Imani (faith). Habari Gani you all! Swahili.
We could use some Ujamaa.