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Trading with The Fly

Dr. Fly
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,551 Blog Posts

Misdirection

Dr. Fly Tue Mar 5, 2019 10:20am EST 3 Comments

As we fixate on high returns in disheveled sectors, there is REAL DISTRIBUTION taking place in the market. You’ve been lulled to sleep.

SAAS stocks are down another 1%.

I took the following actions.

Sold VERI for a 9.4% loss.

Bought CCCL — high beta Chinese alpha trade.

Bought TVIX, in the event this all unravels.

I have good reason to believe the market is setting up to dump out. WAKE UP.

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3 comments

  1. edge
    edge
    March 5, 2019 at 1:44 pm

    Hear ye, hear ye: Lord Fly hath spake.
    Ye SHALL purchase TVIX, not-eth UVXY.

    Seems like someone else was trying to tell me that. 8% TVIX, 5% TZA. 10% BURRITOS.

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  2. edge
    edge
    March 5, 2019 at 1:49 pm

    I still expect new highs but there needs to be evidence of a decent second quarter. Until then, some weakness.

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    • 0 Deem this to be "Fake News"

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