Quick stock market 101:
Whenever a stock or sector is so popular, only a threat of a terrorist attack or something drastic is able to bring it lower, sell it.
Most recently, [[MCD]], [[DIS]], [[HPQ]] and [[DRYS]], just to name a few, were unbreakable (so it seemed). Everyone on CNBC was praising their business acumen and declaring their stocks prices would shoot to the moon, until it didn’t.
Sold to you, fuck face.
We’ve seen this happen, throughout history, a number of times. As a matter of fact, it will happen again, as soon as risk appetite expands.
Providing you are diversified and keep strict asset allocation rules in place, you’ll never have to worry about blowing yourself up on a stock or sector. The problem: most of you Wall Street gawking asshats are gamblers, unable to sit still in a stock for more than 48 hours.
This, my friends, is a problem—which can be cured with many hours of professional help.
Regarding the market:
The bulls are running wild, due to weak housing data (idiots). Because the economy is so gay, they feel the Fed will slash rates, aggressively. If Bernanke cuts by 50bps, the market will run up 300-400 points, within a week or less.
On a rally, I will sell short into it. My viewpoint is that the economy is not improving, but worsening. And, if equity prices are rising, Wall Street has it wrong. Shocker.
We all make our beds. This is mine.
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Where the fuck did they dredge Froggy Four Eyes Dennis Knee the fuck from. A whole new way to pass off a piece of shit for a mammal.
Fly, will you do me a favor, and post your top 5-10 rules of trading/investing. Many Thanks.
when is your time to buy DUG, SMN, SKF, FXP, FEW, SSG?
well put bitch.
Not happy getting 10,000 mvis put to me either.
why dont you get bet on black and punch yourself in da fucking balls when no one is looking.
regards
chuck
“Sold to you, fuck face.” lol
I got rid of most of my KBH and BZH today. Grabbed some SRS to hedge the remaining. Feels good, will sleep good tonight 🙂
“Fly, will you do me a favor, and post your top 5-10 rules of trading/investing. Many Thanks.”
No.
So sorry.
What happens if GDP is higher then 2.0%?
Then, the Gov’t is lying.
BPOE:
Let me make it simple. The Fed is behind the curve. The FLY is dead right and the US market will not be turned around until the Chinese market is back in bull mode. China is a leading indicator. This could take a long time.
I will.
1.) risk management
2.) capital preservation
3.) asset allocation
4.) asset allocation
5.) cut your losers, ride your winners
6.) ain’t no six
7.) let the market show you you’re right
8.) don’t assume the market is easy…people smarter than you with better resources fail all the time
9.) visit ibankcoin
10.) there is no magic bullet, except steps 1-5.
this is fuking stupid. why are people buying ahead of the fed. 3 months from now, the dow will still be down at least 1000 pts.
what do ya think of CMG? Seems it might be a BWLD part DEUX
Good post.
Danny, #6 is truly an important lesson to learn.
FLYS 5 rules of trading/ investing
1) Drink a large blue Monster before every trade.
2) Throw random objects at your servant/trader if trade goes against you until trade is successful.
3) Upon completion of successful trade kick an old man (47 1/2 and over) down a stairwell.
4) If you are up over 2% for the day , drop a random stranger down an empty elevator shaft.
5) Repeat steps 1-4 .
#6 usually works, but Things Are Different This Time.
A round of SKF for everyone!
BPOE:
bulliSHIT;
They are covering shorted stock before the fed just in case fucktards start buying. This is a bear market short rally.
i understand the last 5 days were mostly shorties getting squeezed but it pisses the fuk out of me since i’m net short.
Fly, do you really think the mkt will move 3-400 pts if the fed cuts 50? 50 is already priced in and the last time (not incl last mon) the fed cut rates, the mkt tanked. or do you think there will be a short squeeze since the market is so “oversold” and heavily shorted. btw, i don’t think it’s oversold.
Buy this rally if you want fuckers. But before you do, look at the volume of this rally at the close. It’s anemic right now, but the real comparison comes in an hour. All of my holdings (without exception) have below ave volume right now. I have the DOW volume down 28% right now. It obviously wont close that way, but look for a weak volume rally. That should help you decide which direction to go.
bullShit – they have to work your capital down so that you don’t get rich while they are sucking bear testicles – game of percentages. the chances of avoiding a big leg down are not very good.
srs is just screaming a buy right now – the stockfucks think that interest cuts are going to prop up shit that has negative equity – that game has been played, the ey are sweeping up the courts and the fuckholes are lining up at the srvice line. just ask some Aussie investors how their malls are doing
Fly, what kind of coin does your servant trader bank?
Does he live in a 480 ft^2 apartment?
Buffalo Wild Wings, Inc. (BWLD), today announced that the Company will conduct a conference call to discuss its fourth quarter 2007 results on Tuesday, February 12, 2008 at 4:00 p.m.
woo-woo!
Fly ..
no luck as for late with stock price forecast ..
I’m so sorry and feel bad for you
1.) risk management
2.) capital preservation
3.) asset allocation
4.) asset allocation
5.) cut your losers, ride your winners
6.) ain’t no six
7.) let the market show you you’re right
8.) don’t assume the market is easy…people smarter than you with better resources fail all the time
9.) visit ibankcoin
10.) there is no magic bullet, except steps 1-5.
———————————————–
Thanks rather simplicistic but very valuable for the masses
Wow, what a ride in the past week in my baby KBH! It was hard but I had to sell it all and go short 🙁 Will get back long before dividend though.
Children, Children!
What is the meaning of all this weeping and wailing at my Temple this morning?
What is it you fear? My buffoonish servant — bearded like Sophocles with a third his wit?
Be at peace, young ones, I bring you a horn of plenty dipped in Apollo’s kissed golden honey comb:
Children when the transparently damaged CETV approaches $89.20, you’ve a blessing from both me and Zeus.
Short that Athenian bath house whore with two bags of golden denari, children!
Speaking of golden denari, children…
You should also make certain you are well stocked in GLD and it’s shiny sister, SLV, as it seems my buffoonish servant– Bearded Benjamin– is determined like a Spartan mule to have the use of your lovely green papyrus used as defecatory sanitation substitute by the end of this annum.