Elevator Trading

By now, I am sure you realize that stock picking abilities means nothing in this tape. It’s all about market timing. We’re convoy trading: everything up, everything down.

Rarely do you see divergence in this tape, barring some select health care names like Almost Family, Inc. [[AFAM]] and LHC Group, Inc. [[LHCG]] .

With the market down more than 800 points in two days, I want to take a poke at some upside etf’s here or average in on my BE Aerospace, Inc. [[BEAV]] experiment. At the present, I am 50% short, 25% long and 25% in cash. I might take 10% and buy some shit.

Into weakness, I like [[UYM]] , for an insane gamble, sub $18. Just know, it is an insane gamble. Also, taking down a little [[UYG]] , sub $8.5, may not be a horrid idea. However, it may be wretched.

For the day, “The Fly’s” holdings have been range bound, between +1.5% to +2.5%.

Much to my chagrin, horsed faced jackasses are buying into Petrohawk Energy Corporation [[HK]] , late in the day, trying to get some “earnings love.” I will tell you this: you (horsed faced jackass) will have nothing of the sort. The stock Gods shall strike down on those betting against me and foreclose on your bullshit house and motorcycle.

If you are late to the party, in terms of “hedging up,” it is too late. The market has already swan dived. Don’t get all “DEVILDOG-ish” or “CAP-like” and start sucking your own cocks down here, into the closing bell. Instead, hold your ground, like a fucking man, and nibble at some long side trades down here, like a small rat inside of a coffee can made from sugary oatmeal.

UPDATE: I bought 10,000 [[BEAV]] @ $11.34. And, I bought 10,000 [[UYG]] @ $8.42.