Farewell (for real)

So, I guess I have a few more hours left living in the limelight, the universal dream.

Today’s action is anybody’s guess. For a while there I thought we were headed for 1033 and at moments I was thinking 1062.5 would be good resistance. To me, I think I should concentrate on what I know rather than fight with the Goldman Sachs and local traders that will inevitably mop the floor with me, but take my fight against the basement- tradin’ twitterati.

Netflix, the eternal short frustrater, a company with a book value around 100M trading at 7B market value, is getting a pop due to rumors that it will play some importance during tomorrow’s AAPL iTV unveiling. This sent twittertwats into a frenzy buying red envelopes hand over fist as high as 132.90 until it settled in the 129 area. If NFLX is anywhere near 131-132 tomorrow morning, I will add shorts into these twats.

Why?

The rumor is silly. iTV is going to have apps and NFLX has recently developed apps. I ensure you that an app based programme will allow apps of all shapes and sizes. However, the rumor buyers expect more than that. They think AAPL is going to lay down to NFLX in the video content war. Inane! I think this is one of the best opportunities to short NFLX if you want a piece of an overvalued company in a dying space that will become incredibly crowded with next to free content. Oh look, another NFLX pop-up.

August has come and gone. Turd offers you one more observation: Consumer confidence beat and huge rally, Chicago PMI miss but rally, Case Shiller JUNE data results in rally. It seems that the market wants to rally. It is for no good reason, however, don’t fight it; use it to position shorts later. I am laying into shorts soon, when the market is not making new highs every minute. I will probably be quite short come 2PM. Good Luck!

Yours,

Turd

I think I might be pressing my luck today. I have performed near perfectly selling my longs in the morning and loading up on leveraged bear ETFs. I’m a little nervous about being short here because I know some very very smart people that are looking for a bounce very soon. But then I look at price action in recent leaders BIDU, LULU, PCLN and the shenanigans involved with DGIT and CHBT. I’m pretty confused but as of right now I’m on the right side of the trade, but I’m very cautious.

I am pissed that NFLX is only down 2 bucks today.

Sold DNDN AAPL PCLN this morning.
Bought TZA

Nope. Long? Yup. Why?

Because Ben can stuff so paper bills in your mouth you can’t breathe. Eventually, everybody pukes. Long until further notice.

Well, right about now, my portfolio of shit is terrible. I have nine positions and only two are in my favor right now. This is what happens when you think you can catch every swing. Being bearish, I had taken a few long positions because I thought I was better than everyone… and that’s just when hubris eats you alive.

The only thing that seems to be up in this shit market is NFLX on an app release. Are fucking kidding me? I am going to go murder someone. Maybe I’ll stream some B horror movie to get a shitty idea how to do it.