I’m not doing this anymore.
You know, being the last bull in Rome, as Rome burns.
Towards the end of the day, I sold boatloads of stock, which included most of my XFML position. As you know, Ducati was right, again.
This is a worst case scenario for the bulls. There is no confidence; therefore, it makes sense to capitulate here.
If the bears are right, as I said before, we will be 20% lower from today’s closing prices. With that being said, don’t let your cost basis get in the way of making smart decisions.
Take a look at your portfolio and if you wouldn’t buy XYZ at these levels, with fresh cash, sell it twice now.
With my money, I bought more FXP.
Fuck China.
Also, I raised lots of cash and will be looking to drag Santa Claus out of his shitsled, by the beard, in order to club him to death, via short sales.
I will post my short list later.
All in all, “The Fly” got lit aflame today.
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Fuck yeah. Lets get the bull-rapers running!
I dumped all my Chinese positions near the close and added to my double shorts. Fuck the markets, too much lipstick being applied to one pig this year.
Go fuck yourself.
Welcome to the darkside! I knew it was only a matter of time and a couple of well placed bear drubbings upon your terminally bullish head. Now you might actually start making money unless you turning bearish is a contrarian…hmm have to sleep on that tonight.
Short list should include MVIS and every other gay stock you own. Heh-heh.
Smart. However, watch your ass if you’re planning on shorting that shithead LAZ again… he just sucks and is relatively strong versus the other brokers.
-DT
Fly:
No sympathy for you from me. I’ve known your BULLSHIT along with CNBC, retard Cramer, supply side elitist Kudlow, Lackey Bernanke, lying Pitiful Paulson, scumball Bush, cheating banks & brokers, wall street assholes and a corrupt elitist government were going to get what they deserve for a long time. Just wait until the unwashed masses get their 401K statements in January when the DOW is at 11.7K…can you say a lot of pissed off revolutionaries hunting down the folks above…developing…count on it!!!
Devil:
You’re an incoherent fucker.
Leave Santa alone or I’ll kick your ass and shove you down the steps of your trailer house.
Fly,
Make no mistake. What Devil says is true.
Capitulate? Hell no. I will prob just throw my computers out the window and not look at my stocks for 3 months.
I shorted one of my DOW emulating small cap stocks today after it gapped up, only to have it stay green all day. Money is starting to go in some stocks, could be insider buying or maybe some big boys?
Anyone getting ready to buy some XLF?
My 401k has been all in cash since early this month.
Fly loses again.
My 401k has been all Euro since March.
Cash loses.
Bison wins again.
My 401k has been in gold bricks, babylonian harlots and prosthetic eyebrows all year. :p
My and my wife’s 401K are still invested, but mainly in global. My time horizon for that money is still 25+ years out, so I will just keep throwing money in the hat for now.
Propsectus wins again.
Despite all of our disagreements here, we all love mashed potatoes.
Admit it.
-DT
Lets all throw a bottom calling contest ! Again.
Not the ultimate bottom, mind you, just the elusive ‘Santa’ Rally, fuckers.
Yeah, I was just kidding.
All this time, I was short tellerium, while long silver bracelets.
Mashed potatoes with gravy owns.
Personally, I prepare them with butter (unsalted), pepper, garlic and sour creme, with a dash of milk.
Fly: whatever…you’re the expert. BTW, keep your short list to yourself…you’re the absolute worst at short positions…LAZ, ATHR…LOL! Until you understand what I’ve been telling you you are going to lose a lot of money. BTW, my 401Ks(along with my parents, brother and a few close friends) were all in fixed at the first 14K when the sell-off began. I know you thought it was at the 2nd 14K…check market internals…you’re wrong again. Merry XMAS! BIGDOG made some BIG BUCKS today!
On Idaho mashed potatoes:
http://www.mahalo.com/Larry_Craig_Super_Tubers
I made money on ATHR, shitfucker.
One more smart ass comment and I’ll have you banned.
Go ahead, fuck with me again. I dare you.
Flied lice wit fish sauce lures.
I prefer the Korean Robster sauce:
http://engrish.com/image/engrish/thanksgiving-robster.jpg
Tonight, I will eat oatmeal.
HUCKABEE: “I would make the United States energy independent within 10 years and tell the Saudis they can keep their oil just like they can keep their sand, that we won’t need either one of them.”
Huckabee/Norris 08.
May I suggest Emu?
Todd Harrison –
Citigroup, Merrill and Bear Stearns are all close to 50% off their ’07 highs. Fifty percent! Fitty!
Either “as goes the piggies, so goes the poke” is gonna make for a Grinchy holiday stretch or the powers that be are gonna get involved and soon. December 11th is a world away and while I don’t think anyone is bigger than the markets, I wouldn’t be surprised to see intervention in the very short future.
Perhaps it’s not a catalyst to act but maybe Boo would be wise to lock some salmon if the salmon is in hand.
Mary Jane spiked brownies.
Poor Fly:
Go ahead ban me…since you can’t handle the truth. Just gives me more time to SHORT your AEO position like I did this morning. What a cry baby!
Thanks, Fly! “I Banked Coin” today with all my shorts on your long positions. Your posts have been my contrarian indicator. Please don’t put the pom poms away…
You’re an antagonist.
There is a difference.
I’m sure you got your stupid ass kicked, continuously, while in High School.
I won’t ban you yet. But, I’m close.
Devildog- may I suggest the Peanut Gallery? It would be a good place for your ranting, and then you could post your short picks, and we could actually consider them BEFORE the market closes.
Juice:
Nothing like a free market economy…government intervention…what is that?…I thought this was America the great?
Cash, same suggestion for you as I made for Devil.
Devil:
You are too negative you shit fucker. The Fry has supplied you with laughs while banking coin on his bullshit stocks up until 3 minutes ago and now you jump in?
Just like my coach used to tell me “If you score a touchdown don’t act like a jackass… act like you’ve been there before.”
Obviously you have not been here before.
Fly: fair enough…I now respect you. BTW, DOW 11.7K is the 2nd false bottom…not the last…just a heads up!
Hey Fuckers, in case you missed it, Fly gave Ducati props.
What more do you want from the man?
Chad:
Wrong. I was an all state QB back in the day. Still hold the TD pass record in a single season. Go Hokies!
Dog,
It’s easy to say now that you went 100% cash in your 401k at the top a few months ago. It’s also easy to be short when the market already dropped. You are a fucking asshole. Why would you be happy for others to lose money, sounds like you may be a lonely individual.
Christ on a crutch. Now Newequity is showing off his “sensitive side.” Surely this is a bad omen.
Devil:
lol… your comment instantly conjured up images of that douche bag from Napoleon Dynamite. “I would have taken us to state if coach had left me in”.
Fly:
How about posting a ND scene for closing comments to pay respect to Devil?
DD call:
I’m short NSR at $35. Short again on a bounce to $34 tomorrow!
Devildog, quit being so fucking lazy and just work up a decent post for the PG.
Anybody notice where they closed GOOG?
Woodshedder, may I “suggest” you go fuck yourself? Fuck your “suggestions” and ass-kissing posts. Fly has been misleading all the longs and deserves to take it from behind. Newequity, listen to your own writing. It IS easy to be short when the market already dropped. You would not be losing money if you were not fighting the trend (which has been downward this entire month). Long live DevilDog…and his bullshit Hokies…!
newequity:
Check my posts from Friday. I said I shorted again at S&P 1440. I’ve been in base SHORT positions since the 2nd 14K. Sorry…you lose.
Cash, its not my fault that your parents mistook you for a girl at birth. I know it must be difficult to forgo the bows and pearls, but hey, I’m sure you can handle it.
Wait, let me be clear. You are too angry to have been profitable. Your anger belies your success. Too bad you aren’t in cash, or maybe you wouldn’t be so upset.
And finally, almost every post I’ve made here has been bearish. Check it out for yourself you dicksmack.
Wow, talk about a sentiment change in one freaking day.
Watch for the whip action tomorrow.
One other “suggestion” Cash.
You see, you could have your silly words “up in lights” where they might actually be read by somebody, if you chose to post over in the Peanut Gallery.
The whole lot of you can go fuck yourselves.
Woodshedder, thanks for the long-winded attempt to be funny. Idiot. BTW, reread the post “dicksmack”. I did not say you were not bearish. I just told you to mind your own business while I bitch-slap some sense into the Fly and Newequity.
The “Fly Bottom” is in.
Keep dreaming.
I’m out.
It “ought” to bounce, it “ought” to bounce. Sure seems like it ….
but not today
very odd behavior, bringing up the “guns and butter” trade.
Y’all are cranky. Just buy some BOOM. It’ll be alright.
You fucking idiot. You went into Cash/USD and look where that got you.
Fly is despondant and joining ‘shed who is giddy as a souther school girl. This has to be a bottom. In a few weeks we’ll look back at how this correction suckered even the best among us.
I’m not cranky.
My 401k is in Jamaican gold, so I’m not cranky either.
It got me a couple bottles of Dom at the Sky Bar this weekend and plenty of putang. But that is besides the point. If I indeed went into cash, my capital would have been preserved while your ass bleeds everyday. In fact, I went short last week as I posted…actually, long SRS. Whatever the case, this “fucking idiot” is hitting new highs in his accounts. Where you at…bitch?!
Big Rally coming with Fly capitulating…
Wow — you are just one of the masses… dropping a load after giving up a year’s worth of profits…
Ever think of developing a trading plan?
Probably not. Just write gay slogans on a shirt and think people actually think you’re important.
XFML… I was waiting for you to puke that one out… too funny.
Fuck you asshats who come and comment today about your short positions and give Broker A shit (yes, unfortunately, it shall be only Broker A for a while…the Fly is lying in comatose condition over at the city hospital).
Market is fucked no doubt for the short-term. I’ll see if I can come up with any insight over at the PG.
What ever happened to that fuck and his talk of an intervention?
Fuck you Sir Douchebag. This site should already be worth more than Street fucking com.
USD/JPY to 95.
What do you all think of this? http://www.sentimentrader.com/subscriber/charts/WEEKLY/INSIDER_SCORE.htm
Wowosia~ I found Juice’s post intresting today.. C BSC and MER….ALL CLOSE TO A 50% HAIRCUT From their 07 highs…
Well, SO WAHTTIE! Those highs were B$ we new,about the dirt mucking their balance sheets and earnings!
So in hindsite they should never have been their, same DIA and SPY….due to the financials…
Well, I’m on the floor licking turkey day scaps, and sucking up cheep boozez!
Fuck you, gloating bear fuckfags.
Miss Market is a sneaky seductress whore and she will take your cash so fast, you negative pricks, it will make your anal warts burst.
Fuck you, ungrateful bear
The Fly is still God
Zombie:
Good screen name for you.
Zombie: “fuckfags”
Awesome.
fly swatted, bottom spotted.
Yeah, this has sort of turned into a pile-on at this point. Not very constructive.
I’d like to hear ideas from the trash-talkers. At least JJ has a position to defend.
DD, You hold TD passing record for a season at VT or some HS in Va?
Boom,
I don’t consider myself a “trash talker” but I did mention some short calls last week (Cubes, JPM, AKAM, STP).
I still think STP is juicy.
Chik — insiders were still buying in 2000, too.
“Candle time.”
Late China news out on NSR. Bulls may try to make something of it and attempt a short squeeze with it. I’ll check the reaction in the morning and see if there is any follow thru above 34. If not short some more. If so, I’ll cover and probably buy some more QID.
Not you, Jake. There are a number of regulars who are offering ideas.
FLY…like it…sucking in all the baby bears then rip them like a teen idol doing hard time…you should change your name to SLY….rookie short sellers take the break of 73 IWM push below the spiddy 1440 and then corn holem’…sounds like a plan, oatmeal’s on me.
Frosty:
I think you got it backwards. Bulls got sucked in Friday and this morning above 1440. Bulls and the stupid cows will be tasty filets this WEEK. Going DOWN BIG!
Fly,
What the fuck? We are at the August lows and you capitulate?! How long you been at this game? You are the tell for all those weak hands that will feel like a genius for…ohh…say, 20 minutes when the last puke happens and we gap up hard. I admit, we have about 100 more points to go, and then, wow, things aren’t as bad as we thought, retail is still strong, the consumer really does care, and the FED GIVES A FUCK! The great inflection point is just below and you bail – amazing. You too are one of those weak hands. It hurts me saying this because you humor me. But you called the top with your chest thumpin NTRI rebel yell (yeah, you remember). And now your limp wristed dumping of the stocks at the friggin dead bottom. Been nice knowin ya. BTW – did you see what NTRI did today? Naw, it ain’t true. You did not capitulate today. A real rib eye eatin, bordeaux drinkin, stock tradin freak of nature doesn’t toss in the towel. Unless, unless you are truely a wannabe that just reads “Trader” Fag Mag and dreams about what he could be. If it is true my friend, this entire web site will be taken over by the shorts and you lose all cred. Seriously, if you finally capitulated today why should anyone listen to you unless it is with a sneer and snicker. You fuckin wait until the bottom and then toss it in – sack up and be strategic with your shit. Better yet, tell us all you are just kiddin or be done.
Is it just me or has this new website brought out more haters than were present on the old one?
Frankly, I don’t understand anyone taking joy in another’s loss, never have, never will, especially since Mother Market will ensure that all of us experience gut wrenching drops in our equity curves at some point in our trading/investing lifetime.
People just need to chill a bit, especially since none of us are paying Fly for his stock picks and we’re not obligated to play along.
Dog,
This is what trading and investing is all about. It’s a fucking blood sport. Feeling sad and sorry for those that have lost will only get you pounded financially while you are in your stupor. We all truely appreciate Fly and his effort on this blog and for giving us a forum, but wasting more time that what it took for me to type that sentence takes the edge off, and profits out of my pocket. It’s kill or be killed in this modern day gladiator festival, and we want Fly on our side or we will “kill” him. Get it? Naw, I am just joking. I do feel sorry for all those that lost money over the past month, and…oh….geeze, lookie here. I am down a considerable amount myself. Waaaaa!
Alvari,
I fully understand and appreciate the fact that the market is a zero sum game, hence someone has to lose in order for someone to win, but the hate-filled comments accusing the Fly of misleading people are not necessary.
If you disagree with the Fly so much that you feel a need to write a post filled with hate and animosity, then why not do your blood pressure a favor and just stop reading the freakin’ blog?
I’m simply amazed at the number of people who think the Fly’s picks and/or blog are worthless yet spend an inordinate amount of time reading and commenting on those same picks and blog.
In short, is it really necessary to turn the comments of this blog into another version of the Yahoo! message boards? All the ranting, raving and baseless accusations just get old and tiresome.
End of rant.
Dog,
Point taken. I enjoy this shit and do appreciate Fly’s effort in keeping it afloat esp with the financial pounding he must be taking. But c’mon, thow in the towel? Naw, hedge your ass off, raise cash and provide strategic insights. With re: to your last sentence:
“All the ranting…..” – that’s what this blog, and others, are all about!
“…raving….” – see comment above.
“…and baseless accusations…” – I dissagree, but I’m too tired to argue my points.
Bottom line, if you don’t like ranting, raving, and baseless acqusations, you don’t like everything about this and 99.9% of all blogs.
Bottom Comming………> Yea Right!
Hey Alveoli — get lung cancer, fucker.
For all wondering where the bottom is…I can tell you that Wednesday December 5th, 2007 will mark the start of the new uptrend to new highs. Just as everyone I have proprietary indicators that pointed to seeing a change the last few weeks of November. I could not believe this as I was conditioned to believe that if the market had not seen a bottom in September or October that the worst of a sell off would be completed before Thanksgiving. The best part is that traditional trading beliefs are not working because we are going to see the most incredible bull market run you have ever seen from December 2007 through August 2008. Go back to being positive! I will take the American economy and all of it’s problems (politics) over a third world country any day. No depression yet (7 more years). There is still more money out there for the taking. There has been no capitulation in consumer spending- remember that. Dow 25k & Naz 5k.
Bottom is here bitches – Dow futures up 113. All you shorts, and bull sellouts, are fucked!
Did you see what the futures looked like LAST night, fucktard?
Once again, fuck whoever tries to kill me.
I couldn’t understand some parts of this article Kill Santa, but I guess I just need to check some more resources regarding this, because it sounds interesting.
Hey!! Found your blog on yahoo – thanks for the article but i still don’t get it.
nta | Stock Picks and Discussion at iBankCoin.com thanks for this post!