Doing Some Light Selling

I am having a hard time selling my trading positions. I like them too much.

Nonetheless, I let go of some YELP that I bought 31% lower and my entire CLDX position. I am not looking for replacements and simply bulking up a cash position.

Doing 150 in a 25 Zone

What do you ball busters want? Would you like me to be nice to you, reserve threats of severe bodily harm for live and in person events? Some of you people take yourselves too seriously. I’m moonlighting here, friendo. The site, although profitable and generating more money per annum than some of you nerds will make in a lifetime, is a hobby.

Some of you ingrates will never understand, which is why I reserve the right to cancel your dumb asses from the site, without notice. I am giving you access to a world filled with information that you’d never have access to by yourselves. It’s sad, really, at how poorly your parents raised you.

Listen me to now and very closely: “The Fly” doesn’t need you. Poof! be gone and never come back again. Your player cards have been revoked.

As for stocks, my favorites are all in biotech now. The good Dr. gave me two new picks today, one of which trades in Paris. Another one, which many of you are familiar with, is ARWR.

 

The Gilded Age of Yesterday is Nothing Compared to Now

I’ve banned over 1,200 creatures since this site began. Right now, as we speak, there are over 3,700 comments in moderation, the ultimate ‘fag box‘ for people who do not know how to behave themselves. Many of you people, not most but many, are filthy and disgusting animals, more deserving of a claw-hammer about the brains than receiving top shelf financial commentary from the free comforts of your hovels.

I thought I’d add that addendum to today’s commentary.

I’m back from Newport, RI–an amazing place for history buffs. The town is a relic of the gilded age, a time when women ran households to entertain during the summer, and the men smoked cigars with their top hatted neighbors–speaking about matters of excess. If you haven’t been there and live in the north east, I strongly recommend that you do. These important men of industry built monuments for themselves, the size of museums–all for nothing. The money was squandered. Inheritance was misappropriated and their family names are now in ruins (extra Anderson Cooper).

Coincidentally, we are in a new gilded age today. Instead of the money being made in rail, coal and steel, it is being made online and it is being made at a frantic pace. The amount of wealth that is being created, at the top, is staggering and unlike anything the world has ever known.

Snapchat is worth $10 billion? Really?

If so, YELP is too. Do the math and figure out where the stock is going.

I don’t care about market pullbacks and I’m not going to isolate myself inside of a nuclear bomb shelter either. At this moment in time, I am 100% long–with zero cash other than 25% of my assets in TLT. While it’s true, I believe there will be a significant pullback in high valuation stocks in September; it’s also true that history doesn’t repeat itself–it only rhymes. I’m open minded to being wrong. But rarely, if ever, am I proven to be wrong–so good luck betting against me.

With some of my trades ripping higher this morning, I might begin taking some money off the table.

GUESS WHAT, YOUNG MAN?

The S&P is up nearly 4% for the month of August, putting in a fine showing. The last time we had this good a summer finale was in the year 2000.

The following month the S&P was poleaxed by a staggering 10.58%.

Enjoy the rest of your evening.

JUST ONE MORE BITE

Please, for the love of God, one more bite…man.

 

I added to my XONE position.

To Top or Not to Top?

Timing tops is for complete morons. I will attempt to limit my exposure to sheer idiocy by simply removing money from the market, when profit taking calls for it. I am not going to short stocks or get long volatility. If anything, I might add to an already large (25% of assets) TLT position.

Early this morning, DSW posted much better than expected results. The stock has been in the penalty box for some time now and this beat caught people by surprise.

There will always be pockets of strength. A good trader will be able to make money, even when breadth stands at 30%.

Nevertheless, it would behoove me to not heed my own advice, yet again, by not proceeding with caution now, ahead of the Fall season.

Typically, I am subject to wild and erratic  mood changes, which can/cannot lead to one hundred and eighty degree thesis changes. I am always open to the idea that I am wrong. Therefore, nothing is written in granite, sir (are you interested in game shows or not?). The world around us is evolving and the facts on the ground change, on a continuous basis (how else would they change, jackass?). So, take what I am saying to you with a grain of salt (toss it on a steak) and understand that I am especially cautious now because of my earlier woes (extra 4 horsemen).

Having said that, prepare for a final leg higher.

What Did I Say?

Immediately following the high valuation collapse of 2014, I told you the market would follow the path of 2000, luring people into a false sense of security. Well, here we are, attempting to hit epic highs. The ‘bubble basket’ that I created back then is back to break even, +20% since April.

Bubble

I will keep this very, very simple.

You are feeling good now, almost euphoric. Everyone is bullish again and the pikers are having a field day.

NOW IS THE TIME TO SELL, before the disgusting filth in the streets figures it all out.

Unwind young man. For the love of God, unwind.

Fly Buy: $CLDX

The ever living Fly calls upon the ancient spirits to transform CLDX into an evil biotech winner.

BEHOLD!

Winship.

I’d like you to inhale the fumes and the dust that I leave in my trail, as I blaze towards par. The very essence of your trollery is now called into question. Everything you’ve fought and not died for is going up in flames.

I invite you to sell short my biotech holdings: ICPT, CLDX, CBST, JAZZ, SGEN and most assuredly GILD.

Today is going to be a big day. If forced to place my testicles atop a kitchen counter whilst speed chopping carrots, I’d place my XONE position right alongside with them!

You’re All Cordially Invited

I am here in the north east corridor of the United States, where the air is brisk and the people are smart. I see futures are up sharply and the 8-balls are being placed, ever-so-neatly- on the crystal tables.

ITMN caught a huge buy out from Roche, which should lend support to any decent sized market cap biotech–like CBST, which is my largest trading position.

In summary, all that is good and honorable will be on display tomorrow, as I chauffeur Mrs. Fly around Newport, like some sort of indentured servant.

Alas the luxuries of marriage, where a man gets to purchase his own prison cell.

Doing Some Light Selling

I am having a hard time selling my trading positions. I like them too much.

Nonetheless, I let go of some YELP that I bought 31% lower and my entire CLDX position. I am not looking for replacements and simply bulking up a cash position.

Doing 150 in a 25 Zone

What do you ball busters want? Would you like me to be nice to you, reserve threats of severe bodily harm for live and in person events? Some of you people take yourselves too seriously. I’m moonlighting here, friendo. The site, although profitable and generating more money per annum than some of you nerds will make in a lifetime, is a hobby.

Some of you ingrates will never understand, which is why I reserve the right to cancel your dumb asses from the site, without notice. I am giving you access to a world filled with information that you’d never have access to by yourselves. It’s sad, really, at how poorly your parents raised you.

Listen me to now and very closely: “The Fly” doesn’t need you. Poof! be gone and never come back again. Your player cards have been revoked.

As for stocks, my favorites are all in biotech now. The good Dr. gave me two new picks today, one of which trades in Paris. Another one, which many of you are familiar with, is ARWR.

 

The Gilded Age of Yesterday is Nothing Compared to Now

I’ve banned over 1,200 creatures since this site began. Right now, as we speak, there are over 3,700 comments in moderation, the ultimate ‘fag box‘ for people who do not know how to behave themselves. Many of you people, not most but many, are filthy and disgusting animals, more deserving of a claw-hammer about the brains than receiving top shelf financial commentary from the free comforts of your hovels.

I thought I’d add that addendum to today’s commentary.

I’m back from Newport, RI–an amazing place for history buffs. The town is a relic of the gilded age, a time when women ran households to entertain during the summer, and the men smoked cigars with their top hatted neighbors–speaking about matters of excess. If you haven’t been there and live in the north east, I strongly recommend that you do. These important men of industry built monuments for themselves, the size of museums–all for nothing. The money was squandered. Inheritance was misappropriated and their family names are now in ruins (extra Anderson Cooper).

Coincidentally, we are in a new gilded age today. Instead of the money being made in rail, coal and steel, it is being made online and it is being made at a frantic pace. The amount of wealth that is being created, at the top, is staggering and unlike anything the world has ever known.

Snapchat is worth $10 billion? Really?

If so, YELP is too. Do the math and figure out where the stock is going.

I don’t care about market pullbacks and I’m not going to isolate myself inside of a nuclear bomb shelter either. At this moment in time, I am 100% long–with zero cash other than 25% of my assets in TLT. While it’s true, I believe there will be a significant pullback in high valuation stocks in September; it’s also true that history doesn’t repeat itself–it only rhymes. I’m open minded to being wrong. But rarely, if ever, am I proven to be wrong–so good luck betting against me.

With some of my trades ripping higher this morning, I might begin taking some money off the table.

GUESS WHAT, YOUNG MAN?

The S&P is up nearly 4% for the month of August, putting in a fine showing. The last time we had this good a summer finale was in the year 2000.

The following month the S&P was poleaxed by a staggering 10.58%.

Enjoy the rest of your evening.

JUST ONE MORE BITE

Please, for the love of God, one more bite…man.

 

I added to my XONE position.

To Top or Not to Top?

Timing tops is for complete morons. I will attempt to limit my exposure to sheer idiocy by simply removing money from the market, when profit taking calls for it. I am not going to short stocks or get long volatility. If anything, I might add to an already large (25% of assets) TLT position.

Early this morning, DSW posted much better than expected results. The stock has been in the penalty box for some time now and this beat caught people by surprise.

There will always be pockets of strength. A good trader will be able to make money, even when breadth stands at 30%.

Nevertheless, it would behoove me to not heed my own advice, yet again, by not proceeding with caution now, ahead of the Fall season.

Typically, I am subject to wild and erratic  mood changes, which can/cannot lead to one hundred and eighty degree thesis changes. I am always open to the idea that I am wrong. Therefore, nothing is written in granite, sir (are you interested in game shows or not?). The world around us is evolving and the facts on the ground change, on a continuous basis (how else would they change, jackass?). So, take what I am saying to you with a grain of salt (toss it on a steak) and understand that I am especially cautious now because of my earlier woes (extra 4 horsemen).

Having said that, prepare for a final leg higher.

What Did I Say?

Immediately following the high valuation collapse of 2014, I told you the market would follow the path of 2000, luring people into a false sense of security. Well, here we are, attempting to hit epic highs. The ‘bubble basket’ that I created back then is back to break even, +20% since April.

Bubble

I will keep this very, very simple.

You are feeling good now, almost euphoric. Everyone is bullish again and the pikers are having a field day.

NOW IS THE TIME TO SELL, before the disgusting filth in the streets figures it all out.

Unwind young man. For the love of God, unwind.

Fly Buy: $CLDX

The ever living Fly calls upon the ancient spirits to transform CLDX into an evil biotech winner.

BEHOLD!

Winship.

I’d like you to inhale the fumes and the dust that I leave in my trail, as I blaze towards par. The very essence of your trollery is now called into question. Everything you’ve fought and not died for is going up in flames.

I invite you to sell short my biotech holdings: ICPT, CLDX, CBST, JAZZ, SGEN and most assuredly GILD.

Today is going to be a big day. If forced to place my testicles atop a kitchen counter whilst speed chopping carrots, I’d place my XONE position right alongside with them!

You’re All Cordially Invited

I am here in the north east corridor of the United States, where the air is brisk and the people are smart. I see futures are up sharply and the 8-balls are being placed, ever-so-neatly- on the crystal tables.

ITMN caught a huge buy out from Roche, which should lend support to any decent sized market cap biotech–like CBST, which is my largest trading position.

In summary, all that is good and honorable will be on display tomorrow, as I chauffeur Mrs. Fly around Newport, like some sort of indentured servant.

Alas the luxuries of marriage, where a man gets to purchase his own prison cell.