If you are down more than 10%, year to date, you have no business investing money. Maybe you’d be better suited to be an assclown at your local carnival or some sort of low end blogger. Nonetheless, I want you to pay close attention to what I’m about to say to you:
“The Fly” is smarter than you, even when he appears to be incredibly “unsmart.”
Keep this in mind before trying to poke fun at “The Fly’s” premature SMN buys or RIMM sells.
Just know, if “The Fly” is making trading errors or obvious mistakes, he is doing it on purpose, in order to allow some of you fucktards catch up to him. You know, like a Dad letting his son be competitive in a foot race.
Right now, my largest position, by far, is [[SKF]]. Fuck the banks and the people who buy them.
Additionally, I own a sizable short position in [[LEH]], mainly because LEH is the retard of all investment banks—unable to get anything right.
As for [[SMN]] and [[REW]]:
Thus far, I am underwater on these two positions. However, keep in mind, I sold loads of SMN in the mid 50’s. So, net-net, I’m up. My bet is simple: bet against the winners of 2007, for they will become a “source of funds” for many money managers, as the bear market persists. REW is a bet against big tech. Fuck big tech.
All in all, “The Fly” ended up 1.6% today, much to your chagrin.If you enjoy the content at iBankCoin, please follow us on Twitter