Today was the most egregious trading day of the year for “Dumb Fly.” As expected, I get all sorts of pile on type giving me financial advice in the comments section.
Oh Lord, I wish doom upon those who bet against me. Nonetheless, the banks weren’t up too much. However, should [[MER]] “delight,” expect to get your balls eaten by a jackal.
On the long side, I have [[RIG]], [[AAPL]] and [[VMI]] going on. Without a doubt, the spastic retards from VMI will disappoint with tonights earnings, considering Mother Market is into punishing “The Fly” with vicious losses.
Long story short: I’m not worried until 13,000.
NOTE: Because I just wrote that, the market will be at 13,000 tomorrow.
Good Day.
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Its all over with at this point. I just bought a massive amount of upside X calls and MON calls. Atleast I will stop the bleeding and explode higher with them. Good luck out there. Horrible news is now good. Oil at 115 is a gift from Allah.
Word of the Day:
egregious
Main Entry: egre·gious
Pronunciation: \i-ˈgrē-jəs\
Function: adjective
Etymology: Latin egregius, from e- greg-, grex herd — more at gregarious
Date: circa 1534
1 (archaic): distinguished
2: conspicuous; especially : conspicuously bad : flagrant
“conspicuously bad” is also good.
no worries … the move is about done .. be very short going into monday am
hear me now, thank me later
Fly get you a couple of Totinto’s Pizza’s tonight.. kick back and listen to the Mets on your little blue radio.
Recessions sure do suck!
oil infrastructure/exploration is the next to go parabolic. (of course it looks like it’s halfway there already)
nevertheless, i’m one of those whacko conspiracy guys that thinks the saudis are flatly lying about the oil they have.
have i mentioned i hate POT and hope they all get incinerated in a horrific nitrogen explosion?
you can start calling things egregarious (sic)
Look out above.
http://www.ibankcoin.com/peanut_gallery/index.php/2008/03/18/15-20-rally-started-yesterday/
TAKE THAT!
IBM just killed it.
IBM just blew out earnings?
BEHOLD—- LITTLE FLYS TOP 10 MISTAKES:
1. (SMN: 30.7972 -9.79%)
2. (SRS: 87.22 -7.25%)
3. (FXP: 75.8008 -7.06%)
4. (DGP: 24.02 +3.58%)
5. (SKF: 108.65 -6.17%)
6. short (LEH: 41.82 +5.42%)
7. (REW: 66.75 -6.00%)
8. short (WM: 11.0401 +3.57%)
9. short (MS: 45.50 +4.55%)
10. (RIG: 152.81 +2.35%)
Yes…it will hit 13,000 tomorrow.
Although I want to feel sorry for you, I don’t. I love it when shorts get their balls roasted….must be the positive nice guy inside of me.
Off to sit in my new real leather chair courtesy of my long positions….or your short positions. What ever way you want to look at it.
IBM basically just raped michelle caruso cabrera and she said, ‘thank you, sir, may i have another.’
Fly,
have you held GILD through all this?
Holly shit market ripping! My calls are exploding. I should have jumped back 100% bullish a long time ago. Bears are cooked. FED took rates way down in the face of rising inflation. This is a win win for all bulls. No stopping the rise to new highs now.
I hate all of you.
SKF below 109
IBM big up
GILD up
EBAY still making it’s mind up….whoops decided to go up.
FLY talks shit…the market pops.. ODD NO?
Juice I put this in the last thread but I will repeat it here:
Juice although I would love Armageddon to come real at this point real or financial, may I ask what makes you so sure that Monday is the day? And if you truly know this can you also check to see if I will be raptured?
still long gild.
Fly, you should be getting scared then. what do you think will stop the mkt from rallying to 13k?
AU CONTRAIR:
May your next visit to France be marked with a champagne cork to your nose.
Gap makes a good point. The Fed’s been lowering rates like a drunk in a saloon, that’s gonna help the economy find traction at some point.
Da Bears:
Nothing.
jim goldman just gave palmisano a reacharound.
Is IBM now a foreign company? 65% of rev from outside US; US growth pathetic. Take away the exchange rate and IBM is floundering.
Of course, the headlines are what sells…
Fly rallies the troops or “another go:”
mon amie..can’t we be friends….go long and we can share some champagne and send the cork to Ducatti.
Stay short and I fear you will be going to live in NZ with Ducatti…playing with sheep and corks…jog on.
Doooc:
In reply to your earlier statement about shorting early… I didn’t say “short late,” I just said “don’t short early.” You let the market form a nice rounded top, and then you start shorting… this is about 25% of the way through the downmove. As for jagged rallies — they are unavoidable in a bear at almost any point.
The trick is not to get caught “calling the top” early, a la the Slopers through this past November, and have one’s balls candled before any true down money is made.
See Lord Rothschild’s comments about “the middle 60%” as quoted by Livermore, for reference.
For those who have been reading for awhile know that I was a perma-bull.
Fuck you, Au.
I am not French and will not surrender to your plastic tanks.
Come on FLY…you know the French won every war they ever entered…..ahhh, that was none.
I’m not French, but have been there and do not want to say too many bad things about them in fear of getting run over the next time I try to foolishly to cross the roundabout of the Arc De Triumph.
Viva la France !
Jane Wells CNBC’s– MILF
Time to invest in Ag ETF’s….could this be the top!
Was a PERMA BULL and now a BEAR SHITTER are two different things.
BTW…bear meat is very tasty when roasted
I’m not calling a top but it seems when everyone starts to rip Fly from all directions the market changes course. It may be a couple more days of pain but this could be the “Flybasher’s Top”.
newbie,
you are correct. see my chart on this here: http://www.ibankcoin.com/gunnersblog/index.php/2008/04/03/the-trend-is-your-friend/
Fwy is bwought befoah the Twibunal and found wanting:
Fuck it all….. This has been one of the worst fucking days ever. Fuck you Fly, Fuck you Big Mike, Fuck you Ben Bernanke, fuck you Becky Cunt, fuck you Domino’s Pizza and most of all fuck you NYMEX crude.
Fuck… I am heading over to the Merc now to spit on the windows, dicks. Oh wait they are all short, its the fucking oil guzzlers who are long.
i lost my decoder ring. what are the implications of the golden bear pic again?
Nice find, Jakey. You deluded mofo.
-DT
Fly,
Just in, Valmont Indus 1Q EPS $1.13 Vs EPS 72c
POT
Super High
dollar spikes and euro spikes on the Isokuru Yamamoto. 162.5 Isokuru to the euro is not going to work. IBM is a sideshow. Isokuru up, US futures down. The IBM news blah.
Calvin — you ever read Stephenson’s Cryptonomicon?
Dayum Broker you be in the dope on a slope camp lately mang. Just don’t drop the soap in the shower i guess.
How could futures be down after today. Oh my god this is unacceptable. There must be a problem with your market box. There is no way. We should be up atleast 500 on the futes.
After today, I am still very bearish. I am actually more bearish than Oct. 2007, when I converted.
You all read the beige book; profit margins are getting squeezed since corporations can’t fully pass out the cost increase on an already retracting consumers. In addition, you all saw the finished goods PPI.
Remember, consumers consists of 70% of GDP and nearly a quarter of the world GDP; exports are a much smaller portion of our output. As far as commodity global growth, look it, although emerging countries like China has price controls, it does not all mean its fine and dandy; remember, higher commodity costs will be absorbed by the government, preventing them to continue building infrastructure at a rapid pace.
I am aware of trade surplus, but remember…they have will use it accordingly.
I again, emphasize this…if the US all the sudden pops out of recession and the world growth story is indeed valid at its current pace, then I am the biggest bull on oil/gold and _________ (insert any commodity here).
It’s clearly a flight to safety towards hard assets, when all major asset classes are obviously lagging.
This is a very volatile market, and if you don’t have enough conviction, it could be catastrophic for you. Did anybody notice how sudden shift of sentiment from bearishness to bullishness from GE to today?
Stop giving the Fly a hard time; even if hes a fucking douche-bag sometimes. He’s kind enough to give his input and share some of his holdings.
One last note, if indeed my convictions are wrong…then I DESERVE to lose money on this trade, and I willingly accept. However, I must warn you, like the Fly, I also been trading 10+ years.
For my fellow $TRANsylvanian haters, CNW crapped the shower tonight. Was down 9% at one point, but now my streamer is showing the closing price, even though the bid ask is well below.
More nonsense.
Remember, consumers consists of 70% of GDP and nearly a quarter of the world GDP; exports are a much smaller portion of our output. As far as commodity global growth, look it, although emerging countries like China has price controls, it does not all mean its fine and dandy; remember, higher commodity costs will be absorbed by the government, preventing them to continue building infrastructure at a rapid pace.
I am aware of trade surplus, but remember…they have will use it accordingly.
Congratulations, you just made the Green Hippy look like Shakespeare.
However, I must warn you, like the Fly, I also been trading 10 years.
And reading for eight!
Well tomm we have initial claims and the Phili Fed to possibly put a damper on the bulls parade and simultaneously save my portfolio from annihilation. Lets see if the bulltards can continue to spin the bad news until I run out of money. Fuck bulls and Fuck bears. Fuck the Golden Bear and the Gay Bull. Fuck everyone and everything. Goodnight.
MarketRaider … maybe not Armageddon armageddon, but perhaps a down open like the $2 for BSC Monday open … which, btw, the futures low was printed before the open
anyways, wtf do I know !? but I will be putting my money where my mouth is .
The Whipsaw Song by Ed Seykota &The Trading Tribe Band
http://www.youtube.com/watch?v=LiE1VgWdcQM
Bankers Group Reviews Libor Amid Manipulation Concern (Update2)
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aZHPJf06Z5t8
LIBOR off by 20-30 bps? That’s a lot.
i about fell off my chair….both tim seymor and carter worth offered intelligent opinions that contradicted the marbles-rolling-around-in-a-sucrets-box din that is the usual FM cheerleading squad.
that sounded like calvino
carter worth, IMO, is a pretty sharp fucker
SMN…bang!
Game over sucker.
FMCN finally waking up. Let’s see if it can reach $34-35 tomorrow.
Will look to short oil plays after I cash out my longs especially FMCN.