I cannot blame anyone, novice or pro, to be utterly wrecked with confusion, after witnessing today’s tape. Typically, after a “key reversal” like today’s (from down big to up), I’d say we will rip higher tomorrow. However, seeing how volatile the market is, I cannot say for sure what will happen next.
All I know, for sure, is that [[BSC]] is rife with negative rumors and the dollar is a joke.
If forced to bet, I’d say my shorts will cause me more grief tomorrow, but rebound nicely next week.
The bet is simple: the economy is in rapid decline. Therefore, on every spike, sell short and take the wind out of the bulls. Unfortunately, today, Mother Market punched me in the face, with brass knuckles and all—via [[SMN]].
Finally, there will be some new/interesting changes to iBankCoin soon. I would reveal these changes, but if I did, I’d be forced to track all of you down and punch a jelly donut into your face.
Top pick: Short [[MOS]] If you enjoy the content at iBankCoin, please follow us on Twitter
I’m waiting till after Tuesday’s FED meeting to start shorting again, like you said it is just too confusing.
TC and the day trading fools must be the only ones making money in this market.
Today is a day best handled with 2 mg of Xanax washed down with a glass of wine
Either that or by punching a complete stranger in the face before hopping on the uptown 2 express
Cubs Win, Cubs Win!
Holy Cow!
That was quite some battle for 12,200.
Good buy on DUG.. my fucked up call.
I hope these “new/interesting changes” accept PayPal and arrive discreetly, around 8pm, if you catch my meaning.
Duc:
Quit talking middle english.
PS: I love rodomontade on my toast in the morning, after a long evening. Gives my breakfast panache and zest.
Fly,
You get the Gartman Letter, dont you, you piece of shit?
Anyhoo, from a volume standpoint, several analysts were expecting a bounce, and there were not severe, but good enough buying volume, dating all the way from a week ago.
I think the motto still is “Buy in the dip, Sell on the rip”.
However, tomorrow’s CPI #, will most definitely be bad, but I can hear Dennis Kneale: “backward looking data folks”
Anybody saw Gasparino calling Kneale CLIENT #1, and they got pissed as shit at each other? Funny shit.
Yeah, I get the Fartman letter.
However, from what I understand, if I so much think about talking about it, Dennis “The Fucktool” will level charges against me.
Gartman is on Bloomberg today if you want to see his ruminations in action.
Volatility begets volatility until fear wrings it out. Possibility we will wash out tomorrow with a 645 point decline to 11,500.
I don’t believe I used up enough bandwidth posting this on the last thread, so I’m redoing it here.
Bruce v. Fly, “Battle of Wits”:
I too, am Vinzini.
Fear, get back in the minivan, dammit!
Yeah, Fear, maaaan.
We’ve been looking all ovah fo’ ya maaaan.
You got the bag o’ doob?
Elite 8, baby. Gio, talk is cheap. Talk smack, you get crushed. Buh-bye. I guess seaweed yoga clothing companies are on the up.
Fly:
What happened?
Stop bogarting, dude!
Looks like Fly’s alma mater is having a rough time with West Virginia here!
A married couple decided to spend the night of their 20th anniversary alone, with the husband planning a special night for his wife of many years.
When the big night arrived, he surprised his lady with a beautiful limo for the evening. Inside the limo were chocolate-dipped strawberries, champagne, and tickets to a show.
After the show, the husband took his wife to an expensive restaurant, where they enjoyed a wonderful meal.
At the end of the evening, they journeyed home, and to the wife’s delight, her husband brought out a small, wrapped box and gave it to her.
She gasped and tore into the wrapping. Inside the box were two perfectly round aspirins.
“I don’t have a headache†she stated.
The husband smiled. “Gotcha!â€
And then he pooped on her chest.
It says something about today when my only money making trade was going long the dog of the day BSC when it was down and out at it’s low. Other than that I got the proverbial kick in the nuts from Mama Market on the rest of my portfolio. Think of it as a celebration of The Fly coming out of retirement, me handing out my money to everyone.
Site changes?
So, $10/month or $20?
Fly,
You know any other good newsletter to read?
Dougie Kass is pretty good as well…
Um, paying $10/month for a shitty site with shitty commentary and to be entertained watching the Fly get kicked in the nuts everyday while he denies loosing his way to a $0 account balance? Not a chance in hell. Well, maybe for the Fly part. Fuckers. Why the fuck to you think he would have to charge anyway…to stop the FUCKING BLEEDING!
Mike,
I find Dick Young’s Intelligence Report to be useful from a holistic, macroeconomic perspective.
If you can handle the hokey prose.
Fly,
Were you the one who was pounding the table on EWM becuase of some oil company? Ouch…
Time to order up a client 9 special after today. Vicodin vodka and well the other v takes the chaos away. Atlest until tomorrow. Is there any reason to trade stocks anymore when there is an ETF for everything. Atleast in the fucked credit situation you have a chance picking the right sectors, anything to avoid an abk style ass kicking.
“FLASH BULLETIN FROM AN INSIDER” – one of the new/interesting changes will be a direct link to the Emperor’s Club site with the girls discussing useful stock tips (for a change) and other stuff men folk desire!
I used to have 50 visitors a day to my blog. Then I switched my comment section to Disqus.com and now I have over 400 visits a day.
I think Disqus.com is the next wave in comment sections.
Too bad they don’t have a ticker symbol, yet.
zee
HUM 61.8% fib is 43 ish—I guess that’s it’s new support
IWM has a great big short sell signal on it’s back right at 68.0.
Bollinger Middle Band
and the band is going down verticle
Gee , I wonder why IWM kept failing at that price today
zee
Relax you retards. I’m not going to start charging for something I’ve been giving away for free.
What do I look like, some sort of destitute looser [sic]?
CPI numbers will report in line with estimates tomorrow and this market takes off. Dow closes above 12,200 and moves to 12,800 in short order. All bad news will being countered with the “it’s all clear” reactionary spin from media and/or Fed. Truth, no?
Q4:
Or, you’re wrong and you get hit by a Giraffe driving a donut truck, on your way to buy a new dress.
Fuck S&P for their bullshit report. FOMC meeting next week, combined with this BS report will drive stocks higher, allowing the smartarses amung us, to ride the rally (however short lived) then punch the shit out of these naive fuckers who buy and hold when the arse falls out of the market mid next week.
Did I mention, Fuck S&P?
I’m rarely wrong. Don’t worry I’ll deliver that new dress to your TS dad.
fucking bullshit corporate welfare market is “LMAO ZEDONG”
Why MOS?