I do not trust this market. It has been disobeying my wishes for several weeks now. While this circumstance may prompt you to believe “The Fly doesn’t have it anymore. He is like an old sea hag at the end of the bar.” I will remind you: I never lose.
My losses are always temporary, dating back to my birth.
As an aside, I reduced some of my short positions today, only because I need a better balance. Much to my chagrin, I was caught heavily leaning on shorts. As a result, while walking through the forest of market wisdom, I tripped over a Vietnam era trip wire, effectively blowing my legs and arms off.
However, my torso is being refit with robot limbs, which can punch chest hairs off at a rate of 200 per second.
With that being said, with the addition of my new longs: Barnes & Noble, Inc. Barnes & Noble, Inc. Barnes & Noble, Inc. [[BKS]] , Chipotle Mexican Grill, Inc. [[CMG]] , Hansen Natural Corporation [[HANS]] , NutriSystem Inc. [[NTRI]] and KB Home [[KBH]] , I am content with my current mix. And, I am averaging down in [[SKF]] and [[SRS]] here, in very small increments.
Finally, try not to ignore the bad news for too long. This “death to oil” rally will only take us so far.
Top picks: SKF, CMG, BKS
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As I was reading your post I thought you were going to put KBH as one of your top picks, lol!
Top pick DBC
Fly, add some QID.
Re-entered FTK yesterday. We shall see what we shall see.
I don’t trust this rally at all. SKF, REW and short COF for me.
VMC and Oil are virtually in a lockstep 1 to 1, inverse correlation. It’s like watching Michael Moore and Condi Rice get naked and wild………or Jane Fonda and Larry Kudlow in the back seat of a steamy hot rod.
It feels MUCH better to reduce my short positions because I need a better balance, than because I am getting clown-raped. Thanks.
Anyone see my mustache laying around. I was minding my own business and a little dwarf, sporting a pink polo shirt with a TCB logo punched me square in the face.
Once I man up, with facial hair again, I will hunt down that little dwarf and boot stomp him.
Top Pick: cash$$
Big squeeze in LNG
Captain, it’s just fascinating.
Sensors indicate that VMC is being held aloft in space not by the ministrations of zero gravity, but in fact by some cheap baling wire, suspended from the ceiling.
And yet, there it levitates! Wholly illogical!
_
Following my small capitulation, I am buying SKF, SRS and short VMC here in size.
Speak English Spock, damn you!
I’m trying to bid my account on Commander Scott-trade over here, not writing a treatise on late 1960’s bullshit special effects!
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(One eyebrow raise)
My apologies DocTOR, sensors indicate that you may fire aft photon torpedoes at any time below $67.50.
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The US consumer is fucked up, they have no more credit, no more home equity credit, game over on credit cards as well, banks are tightnening their policies, they are not gonna lend a fucking dime. Earnings growth will eat dust in the following months. For a second, just for a second, pretend you are smart, and short sell the fucking Rusell 2000.HEAVILY.
Behold! Your bullshit move in either direction is gone!
Is that all [M]exicans can do, pretend to be smart? And in only increments of seconds?
If you just look at price action the $nya50r P F chart is at 46.36. It has a bullish price obj. of 69. The $nyaa50r is at 49.97 it has a bullish price obj. of 62. The P F chart for oil obj is 96. If you look at all the bullish % breadth charts they are all bearish. Don’t get caught in a bear trap on the dance floor.
You think the clownfuckers are done getting everybody on board the bus yet?
I mean, it’s been idling here by the side of the cliff for days, now.
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“Captain, it’s just fascinating.
Sensors indicate that VMC is being held aloft in space not by the ministrations of zero gravity, but in fact by some cheap baling wire, suspended from the ceiling.
And yet, there it levitates! Wholly illogical!”
“Speak English Spock, damn you!
I’m trying to bid my account on Commander Scott-trade over here, not writing a treatise on late 1960’s bullshit special effects!”
“(One eyebrow raise)
My apologies DocTOR, sensors indicate that you may fire aft photon torpedoes at any time below $67.50.”
Jake, fuck boomer again for saying that you aren’t funny. That shit is hilarious.
Iam not smart, I am just a qualified guy to talk about markets. I dont buy or sell based on a bunch of dots and lines that draw a head and a shoulder, LOL. We will see in a couple of days whos is pretending and who is not. Good luck with your atari/nintendo investment approach and your financial markets astrologists.
http://www.marketwatch.com/news/story/credit-squeeze-getting-worse-banks/story.aspx?guid=%7B83C9D9AF%2DC73B%2D40B4%2DB5CE%2DD51C27E9E0B5%7D
Damnit Biggest Pig On the Earth, SPEAK ENGLISH!
I’m just a country sawbones with BOHICA Syndrome in his 401k account, not some sort of Jimmy Rogers Singapore Sling!
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I got sick of waiting, Spock. I shorted it at $68.25.
Back to sick bay and my epenephrine stimulizer.
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Thanks, D-man. Glad to see there are still some Trek fans out there…
Old school, of course.
Jake, give Cramer a minute, with oil so low he’s able to fully gas up the bus before flooring it.
phew. i’m pooped. i just finished compiling an exceptionally rigorous and complex algorithm that has distilled down the foundation of maria bartiromo’s job, via some boolean algebra and polynomial factoring.
the answer is (in the form of what they pay her to do):
‘that’s great. so tell me: where are you putting your money today?’