In my previous post, I mentioned that The Fly is away tending to other business and I have the keys. I asked what you guys wanted to talk about, and you responded. Here are my answers:
“How about a video demo of some of the cooler features of Exodus?
Also, update us on the status of your back and any discoveries of new pain meds we might want to try… Therapeutically, of course.”
@Anton, follow me on twitter, @RaginCajun, maybe I can do a periscope of Exodus. A professional video will be coming at a later date. As far as my back, all they gave me was hydrocodine after my procedure, which was crap. I threw them away. They had me try Lyrica before my procedure, not as a pain medicine, but to settle my nerves, I enjoyed it. However, it did nothing to cure my pain.
“I’d like to know where everyone thinks money is going to rotate next.
Seems like the China trade is long in the tooth.
Long dollar/bonds trade also seems done to me but I don’t want to short it yet.
Big tech may be a short into earnings season, $QQQ starting to really underperform.
@baduck, The word is Energy and Emerging markets, I tend to agree. Looking out a few months.
“I liked the LINE call, who doesn’t like doing LINEs – but it’s looking like it failed to run”
@TheButher, I bought call options in $LINE as a gamble based on the huge volume profile above, May13s for 20 cents to be specific. I rarely trade options, because I seem to never have success with them. That being said, I expect my calls to go worthless and the trade to fail. Just being honest here.
“How high will the markets jump after the FED minutes are released?”
@Simba, no idea. Sorry, but I can only speak the truth here.
“Are you and all of yours OK?”
@granpa, I assume you are referring to my trip to the emergency room this morning at 2am. We are fine, and thanks for the concern. My three year old had a very bad croup, they called it stridor, and was having trouble breathing. They gave her some steroids and seems to be doing better, just a bad cough currently. I will let her know you asked about her.
@Gorby, Make sure to diversify into different sectors, maybe even throw on a few shorts, if 25 positions at once. Manage risk, that’s job #1. Stick with solid companies on the long side. Leave the junk alone at this part of the risk cycle.
“what do the stock of the year standings look like?”
@billy, CLICK HERE FOR LINK
“Touch on small town Louisiana cuisine, if you will.”
@OA, being that I am the RaginCajun, one would think I enjoy southern food. I do, but not like most. Can’t go wrong with Dragos for Lobster, oysters, crawfish ect. I enjoy a good cup of Gumbo from just about anywhere down here on a cold winter day. And, Crawfish boils are a must in the spring time. Nothing better than getting together with friends over drinks and mudbugs. I just had one this past Easter Sunday. I must have ate at least 10lbs myself. #factsonly
“How much do you think good news
punishes the market.”
@Gorby, Lately the market has traded down on good news, never a good sign if you are a bull. Something to watch going forward, much to the delight of Bluestar.
“Do you think Fly could squat 315 ATG? Or at least slightly below parallel?”
@Marc, below parallel, no. That is tough. But, not to say he never will. He has been working hard in the gym.
“tell us how you would kick flys ass hypothetically in a street fight”
@Frog, I am from New Orleans, the Fly is from Brooklyn. I would lose in a street fight, it’s really that simple.
“Does the Fly look as intimidating as he sounds some times?”
@bear54, indeed he does.
“who wins the masters”
@Billy, no idea. I hate golf. No offense to golfers out there. Just speaking facts.
“Mo bio momomomo”
@Biffer, I am still long some $BIS
“What do you think of Bitcoins as a small speculative gamble?”
@trashman, excellent question, I am one of the few who believe in bitcoin. My first buy was in the 60s, sold around $400-$500, missed the big move to $1000. Recently loaded some more on this dip to $200. Will average in if I get lower prices.
“When do you know it’s time to cut a stock loose after you’ve dollar cost averaged it a few times?”
@AJ, most traders do not believe in averaging down. I do, if we are speaking for the long term. My rule is, if down more than 10% on last planned buy, time to cut and run. Even if it comes back, your entry was terrible, and you have to stay disciplined.
“why don’t porn sites like Pornhub go public? I’d be the first IPO buyer”
@Someone, stay away from porn, it will get you in trouble. Find a wife, raise a family. If married already, get your shit together.
“When will a Louisiana team make it to the Final Four?”
@ecchymosis, no idea, but I can see it happening within the next 10 years. I’ve got cushion on that trade.
“Which will happen first – $60 or $40 oil?”
“If you were forced to cage fight a CNBC personality, who would you pick?”
@OA, can it be a blogger? I would tag team dope of slope w/ you [pause]. If I had to pick one, Joe Kernan.
“better Swazye flick – Roadhouse or Point Break?”
@billy, LOL, neither. I’d rather stare at my wall #factsonly
“Better name for a dog, Patrick Swayze or Kevin Costner?”
@OA, I’d have to go with Swayze, lol
“Favorite blog posts on IBC that come to mind. Any blogger.”
@oa, this one: CLICK HERE
How long would the Fly last in Louisiana?
@Earl, not even an hour, off the plane, followed by jumping right back on as soon as possible. This I know to be true.
“if you could be one character from the Sandlot, excluding Benny and Smalls, who would it be?”
@billy, great question, it would have to be Benny. Otherwise, I would commit suicide.
What themes are you preliminary stalking for the hazy days of summer? i have set up my book to slowly move out of positions between April expiry and May expiry, and will be looking to only execute 1-2 high conviction ideas for the summer so I don’t waste so much time staring at my screen when the sun is out.
@Thomas Jefferson, Short biotech, long volatility, long oil.
“Also, most important lessons learned as a small business owner.”
@Thomas Jefferson, do not hire friends. Make sure well capitalized. The first few months is rough.
“Do you ever invest? That is, are all trades focused on sashaying (extra Zorro) in and out of the next pick from the screen, or are do you set aside a pool of stocks that will pay you steady divies when you are on the front porch rocker unable to click buy or sell or disinterested in doing so?”
@green, I have a separate account with long term positions, I do not talk about them much here. No one cares about slow money here.
“Rob Gronkowski or Tony Gonzalez”
@someone, Easy. Tony Gonzalez
“Aaron Hernandez or Darren Sharper”
Tough, but got to stick with sharper, he helped the Saints win a superbowl. I can look past the rape. #diehard
“Did you ever want to punch someone from the comments section ?”
@bear, I use to, but I don’t get upset with people over the internet anymore. You never know what lunatic you are dealing with.
Katy Perry or Nicki Minaj?
@OA, Katy Perry, I did think for a second though.
“Have you ever been to TJ Ribs?”
@Trashman, Love that place. Shaq is all over the restaurant. Overpriced, but decent food. I’m hungry for Ribs now, dammit.
MIla Kunis or Megan Fox?
@OA, This one I did not have to think about. Megan Fox no question.
“Hennessy or Courvoisier?”
@OA, I thought you knew me better, Hennessy.
Tupac still alive?
@Billy, Alive. He will be the antichrist.
Cope or grizz? Mint or wintergreen?
Wintergreen, no doubt about it. And, absolutely no dip for me. However, I will puff on Mary Jane from time to time.
Why did Chess really quit? (yeah I went there).
You said anything was open for posts.
iBC is way too classy to start wars but I still reserve the right to ask.
@marc, I knew someone would ask. In my opinion, he wanted to be his own business man.
“Buy a house or invest in stocks?”
@trashman, I’ve read articles saying to buy stocks. To me that is ludicrous. BUY A HOUSE.
“Have you ever seen a live shrimp while swimming?”
@Marc, can’t say that I have. I don’t swim in swamps. I stick to clear beaches, like Destin, FL. My favorite spot.
“Rand Paul, Ron Paul, or Chris Paul?”
@ecchymosis, LOL, CHRIS PAUL ALL THE WAY.
Last one – your last round of golf ever..what course and 3 ppl with you.
@billy, probably 7 years ago. I’ve only played a full round maybe 3-4 times. It was a small course in Crowley, LA (Bayou Bend).
“1. Boxers or briefs?
2. Is a deal with Iran good or bad?
3. End of year projections for the market?
4. World Series winner this year?
5. If a tree falls in the forest and no one is around….?
6. Is it possible you can write a better post that this?”
5. smoke it
6. I love these types of posts (sorry)
“Best Abita beer that isn’t Purple Haze.”
“John Belushi or Chris Farley?”
@biffer, Chris Farley
“Please discuss Lady Guinevere and was a missing persons report filed.
Did she have a baby (larvae) by fly?
Where is Devil dog? Did his demise cause Fly to leave Staten Island late on a winter night?”
@IW, Lady Guinevere was assassinated with laser beams, I heard it was ugly. Negative on the baby. Devil Dog is around, but for some reason does not show up around these parts. The Fly has access to a time machine, he moved right before Sandy tore the Island a new asshole. Coincidence? I think not.