I would go on vacation, if I wasn’t scared to miss out on some HUGE cataclysmic event. Instead, I have resorted to weekend trips and late night chicanery.
As you know, intra-day, I greatly reduced my short exposure, after originally wanting to short more.
This was my day, in a nut shell:
7am: Woke up to the pleasant fact of lower futures, higher crude.
9am: Eagerly awaiting to view my gains at the open.
10am: Frustrated over the tepid weakness in the tape. However, I was pleased with commodity strength.
11am: Called stock loan and borrowed shares of Comerica Incorporated [[CMA]] , First Horizon National Corporation [[FHN]] , Legg Mason, Inc. [[LM]] , PacWest Bancorp [[PACW]] and Zions Bancorporation [[ZION]] . Sadly, I could not borrow Pzena Investment Management, Inc. [[PZN]] or Vulcan Materials Company [[VMC]] .
12: Went to the gym.
2pm: Increasingly angry over lack of follow through on the short side. Started to cover some names.
2pm: After covering some shorts, I bulked up on energy names.
2pm: Suddenly, I became panicked that my recent gains would wash away, like high IQ’s in N.Korea. Immediately, I made the decision to reduce my inverse etf exposure by 60% and to cover all of the little shorts on the books.
2pm: With proceeds, I hedged my existing shorts with a variety of long positions, focusing in on basic materials, like Yamana Gold Inc. (USA) [[AUY]] and Southern Copper Corporation (USA) [[PCU]] . And, just in case commodities and banks were to reenter an inverse relationship with one another, I bought [[RKH]] , [[UYG]] and an unnamed investment bank—in order to “flatten out” my SKF/SRS holdings.
3pm: Seeing the market rally made me happy, for some odd reason.
4pm:What a non-event. I should have gone (thanks Jake) on that vacation.
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I should have went on that vacation.
Stay in that shithole Jew York City. You’re living the good life maggot brain.
Should have gone on that vacation.
Sorry, my mother had to beat that one out of me.
_______
great post fly… lol…
“HAR HAR HAR, Rrobster too expensive, har har har”
Scum:
I will not tolerate antisemitism or racism here, only gay bashing.
You’re banned, again.
Go take your meds.
Fly,
You might want to check out the long-since consulted “little black book.”
Methinks Ms. Scum Bucket may be one of those unrequited loves from years back.
Perhaps she needs to be introduced to Mrs. Fly?
I imagine it’ll be some time before Ms. Bucket is up to typing her online harassments sans pencils, after that.
__
Fly,
Would you please post the IP address or email address of the Hieronymus Bosch trailer park from which scum sends out its bile to your site?
It’s never posted an intelligent market observation or anything that could remotely help anyone make money. Not even its secret of how to suck nickels from a parking meter. How long will s/he make ducati wait for that tip?
Worst of all, s/he’s a bad writer.
Just tired of the witless, useless hate mail stenching up the site.
If you won’t ban it, expose it. As ugly as that may be.
Thanks and never mind.
ScumBuc are you refering to neo-cons being jewish?
Fact: Jewish people know the value of “saving.” Have you seen what the CD rates are these days? If people saved more, and found a place to put it, maybe we can turn the economy around. Of course, blaming on neo-cons is ok, but if your insulting jews, then your insulting all the saviors of our economy (people who limit their debt, instead of living on debt)
Anton Cigur is a useless eater.
Eat shit anton!!
Hey, I know her problem.
She’s the last remaining abortion supporter in Oklahoma.
She’s just looking for a ticket to ride, Anton, preferably to a large California metro.
You got some miles left over?
_____
Your day seems complicated. I trade in one or two things, SPY and TIP. If SPY seems bearish, I buy SH. Put on about 5-7 trades each year. Just try to ride the trends throught the year. You can build pretty good returns with just this method.
If the pattern continues, tomorrow oil will drop $10 as GS, using today’s spike to dump commodity longs, makes payment to Putin’s Swiss bank account hence effectively ending tensions with Russia.
Not on the menu here, Grendal.
But I understand it’s quite the treat in Oklahoma City.
Care for your name, address and phone number to be published, too?
That was good!
I understand that the Mossad has now landed at the Oklahoma City Airport. Plenty of black helicopter action is also occurring.
scum how’s that dsl line from sw bell worken
Careful Fly. You’ve got some liability issues there with the IP addy post and subsequent location disclosure. Ask Mdawz or whatever his name is.
Seriously. Could be a kid. Could be a “full retard.” Could be a baiter…there is lots of risque material on the site, that, if taken out of context, could be a problem.
Trader:
Tell Mossad to look around more closely. If they’re in OK City they’ve landed at the Greyhound station.
What are the chances Fly has to wait for like 5 years to start swearing again…?
No you don’t, Jake. S/he seems more likely to be tuning into the O’Reilly Factor for inspiration.
I think this is one of yours, my friend.
and ment your at&t service
I’ll take the IP off, for now.
I have banned this person before, yet he/she keeps coming back.
I bet the very next thing she did was google: “What can your IP address tell about me besides the fact that I am living a sorry life in Oklahoma City”
Anton,
Pay more attention to her posts in future. She’s a full on red commie lib, my friend.
So solly.
___
Jake,
No, kind sir, I will NOT “pay more attention to her posts in the future” anymore than I will commit to memory the poetry of Charles Manson.
And I maintain that her ravings have more in common with Murdoch’s finest Faux News anchors than my own trusted news source, John Stewart.
From the back of my Prius limousine, waving reservedly, this social liberal bids you good day.
I said GOOD DAY, Sir.
Fly,
To the other kind poster’s earlier point, please remove my post with scum’s info. It might be possible to determine her actual address and identity with that information.
Thanks.
Anton — conservatives, largely contented. Libs? Well, you know.
Amazing how that “sticking w. tradition” works out, no?
Use that cash to grab some TWM, shorting the banks is so last year. I would say short the QQQQ’s but that crap closed above the 200 day ffs.
The Fly works out?
Whenever I read your blog The Comic Book Guy from The Simpsons always pops into my head.
“Worst Market Ever!”
“Go fuck a shoe”
Looking back at the market now and all the losses you’ve had, I’d say the shoe was fucking you Fly. You are like cramer’s retarded son. Actually you are like a confused bi sexual. One year you want to be a homo and short every thing and the next you want to be somewhat straight and go long. Well which is it. That logic doesn’t make any sense to me. Win money to loose money?
I wonder who spots the Fly when he benches?
Newbie, the market has a way of doing that. The market startled The Fly out of SKF a couple months back and it did it again. This is what the market does best, even to the great ones.
^Meant to type “‘almost’ closed above the 200 day” in my previous post.
Until FRE or FNM collapse, or oil goes back to 140, all dips are to be bought.
Jake thanks for your 2 cents worth. Keep checking under yer bed for commies. Fly, let it go, everyone needs a holiday, especially rich dudes like you. two weeks until financial armageddon.
Jake,
Glad you feel “contented,” or at least largely so.
And no, I am not going to equate “contentment” with “settling,” I’m just going to be happy for you.
Old liberal tradition, and I’m sticking with it.
But we were talking about the ravings of scum, improbable as that may be, and I meant only that her tone and writing style reminded me of conservative pixie Ann Coulter.
Off to shoot hoops with President Obama.
Have a good night.
I reduced my SKF this afternoon … didn’t like how the mkt was trending …. the mkt had every reason to move lower yet it didn’t … anybody buy the theory that foreign money is moving in since these mkts are the best of the worst???
hey, i’m in oklahoma city too! no shit. i can do a fly by, lemme know.
I know where she “the scum” lives and I have a funnyset for her…..she will just love it…I will sign it “The Fly”.