Feel free to go ahead, get drunk, smoke some crack, while shorting egregiously expensive stocks.
From my vantage point, the market is now 15% overvalued, thanks to the inordinate amount of dumb money sloshing around.
The following trades will be executed, immediately:
Long [[DGP]], [[SMN]], [[SRS]], [[SKF]] and [[SSG]].
In addition, short [[TSCM]], short [[WM]], short [[LEH]] and short [[MON]].
The kitchen sink approach, if you will.
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Isn’t a bit dangerous to continue to average down on SMN, when AA could give out good guidance (lies)? Options calls are outnumbering puts 3:1.
I’m going to leverage my home and get short the perma bull ppt coked up frenzy…..Oh wait the banks don’t have any $ to loan me…wonder y
VIX below 50 and 200 dma. Looks to me that the bottom of the trend since October has been broken.
wow, I was just looking at SSG… Sometimes I get paranoid people are watching me. Maybe I should just move next to Jesse ventura and put on a foil hat and only use solar power.
Decided to go with straddle on FSLR though instead. Even though I agree with you, didn’t want to play around with it. This entire market breakout looks false, as solars are really the only leaders, and if it is the top, solars are probably the ones to fall the hardest, and the market needs more leaders to continue a rally. But should I be wrong, about a reversal, the semis are going to follow you, just like semitrucker did. (or was it just a pickup?)
I made too much in FSLR to try to play it on the downside with it breaking out to new highs, so I have a small straddle position instead.
love your picks though.
Wrong word, but I get your point.
Those alcoholics did not handle electricity expenses well.
Watch me pull a rabbit out of a truck drivers hat.
YES, was down to start the day, then climbed back above even, now I’m in the green, and in great position here. I think I just witnessed one lemming fall, and there’s a whole lot following it.
Big Mike — calls outnumbering puts is a good sign for downward resumption.
Hey Fly did you get rid of RIMM on this bounce and take profits? You seem to forget that part of trading often and that last bounce seemed like a golden opportunity to get the hell out. Just a friendly reminder from your friendly neighborhood iLeech.
Raiduh — I believe he mentioned he got rid of the rest of his RIMM a couple of weeks back…
sleeping during class will not be tolerated
Try to do a good deed! Actually I spent my whole academic career sleeping through class yet somehow I managed to get a bachelors and a masters. Go figure.
I’m with you on SSg, and I think it probably should reverse with the rest, and cramer touting solar is clearly a bear signal, but I’m having troubles identifying how I want to play it If it goes against me… And until it shows me something like a climax peak or down momentum, I would lack the conviction to average it down for very long. I guess you got bigger balls on this or at the moment… Maybe I’ll take another look at it tommorrow.
Fly did you just short LEH, I see it rallying now so I figured you must have a hand in it somehow. Thank god I am out.
Can we please extent the trading day a couple hrs today. We’re just getting started.
My hedges are dirty, but somehow working… go figure. I’ve been underperforming on up days though.
haha, my thoughts exactly CubsRock.
I will make money today for the first day in a while. feels great, and i don’t want it to stop yet
Broker are you sure about shorting WM? Is it a big position? Just trying to see what your thinking.