“The Fly” is back to kicking old men down open sewer drains, while guzzling Monster Energy soda from his diamond encrusted chalice.
I want to play the long side here, with great vigor, howsoever with a certain amount of conservatism— if I may be so bold.
I am looking for a 500 point move up from here. My primary hedge will be [[FXP]] . But, already, I have greatly reduced my exposure to it.
There is no reason for the market to run higher; it just will, because I fucking said it will.
If you haven’t figured it out by now, “The Fly” is the market, navigating this bitch of a whore like a bicycle skipping over moon rock.
In the event I am wrong, I have a cash position of 30% to correct my errors.
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Naturally the market is going up. Every asshat posting on this blog was BEARISH at 9:AM this morning (Tues).
“If you haven’t figured it out by now, “The Fly” is the market, navigating this bitch of a whore like a bicycle skipping over moon rock.”
Damn
Naturally the market is going up. Every asshat posting on this blog was BEARISH at 9:AM this morning (Tues).
Except me and Bruce.
Oddly familiar, no?
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Oh, and Wood.
Sorry, Wood.
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In the event I am wrong, I have a cash position of 30% to correct my errors.
Dude, how does 30% cash correct your errors? If you’re wrong you’re wrong. 30% stays where it is, parked in cash earning the princely sum of .25% pa.
Stop confusing the kids, fly.
Yeah, I’m glad to see some green again.
Still my EFU position is vexing, mainly due to the egregious 8 point instant loss I took when I purchased it.
UYM…SSO go go go
J:
If you cannot begin to understand basic money management I will be forced to muzzle you. Your questions lower my IQ.
Jake, please explain why having 30% cash can correct ones errors.
Thanks.
back to kicking old men?
FUCK YOU
may the titans lose next week
Afternoon fizzle…coming to a market near you.
Forget the diamond encrusted chalice, THIS is what you need to wheel out on the trading floor when you get the market call right.
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What, now I’m j’s trading tutor?
Shiiiit.
J — 30% cash allows for flexibility to either “goosestep up” upon confirmation, or “hedge down” upon further fuckery.
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Jake:
Fine, but he’s using an awfully silly way to look at his pos. So convoluted, it’s spastically gay.
500 points….ya that’ll get us to the 7-9% I was mocked for yesterday by some of the readers of this fine publication.
To them I say:
Bring it bitches….we’ll need your COVER buying to get us there. I’m standing on main street sipping moonshine, it’s high noon and I’m ready for any sober bear to challenge me to yet another draw.
With raw costs dropping like a lead stone and retail prices holding up (ex. gas) somebody or else is going to have a good next Q. Whos it gonna be?
Chivas, holy shit, I didn’t even realize the Titans were playing the Jests next week!
Talk about your “conflicts of interest.”
Grandpa Fly may have to come “for a visit,” Jacob Marley style.
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Fly or whomever: List us your best upside vehicles for a one day wonder 500+ rally?
Andy:
Hubris is what killed the South. Those fucking rednecks got all overzealous with their enslaving ways, thinking us Yankees were not up to the task. Lo and behold, a few years later, my ancestors were down there burning cities down and shit.
J:
Go read a book and drink some herbal tea.
Juice:
UYM, ROM, EEM
GOOG to $320, Bruce, minimum. That’s 10% from here.
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Titan defense will end Favre’s career.
With raw costs dropping like a lead stone and retail prices holding up (ex. gas) somebody or else is going to have a good next Q. Whos it gonna be?
good question. Agricultural stuff that gets moved around maybe.
Fly whats a good ag. in your system.
Cowboys drive Detroit diesel.
Odd, no?
Lets get some real ball busting face ripping short covering rally for no reason going and pump this bitch up a coupla thousand points today mfers, mmmkay?
Or not.
j:
If the fly is wrong the margin of error will not be that great. Thusly 30% cash is more than enough to remedy whatever the market may throw his way! His ability to adapt is apparently beyond your comprehension even though you read his words daily!
Half of you don’t deserve to read this blog half as much as you think you do, and the other half don’t deserve to read it at all!
thx guys .. already in GOOG .. rode the elevator up to 325 & back
Everything is offset. Lower raw costs offset by lower demand.
One sector that may do well are grocery stores.
Those bastards are slow to lower prices. They will reap the early benefits of lower prices, via squeezing the hungry fat guy.
Top ranked grocery players:
No. Ticker Technicals Fundamentals Hybrid Score Hybrid Change
1 CASY 4.55 3.05 3.92 %
2 WINN 3.45 4.4 3.85 %
3 RDK 1.7 4.3 2.8 %
4 CBD 1.75 4.2 2.78 %
My first thought on a good Q is Coke and Pepsi. They still charge a 1.50 for 20oz, and the margins on all that energy crap is insane.
The shorts should have been squeezed out last week, it didn’t happen. Now you expect it to happen after a slow grind lower?
Where were you last week, I could have used a lil help…
Whoa, that was an epic quote. Jeremy, archive it!!
“Half of you don’t deserve to read this blog half as much as you think you do, and the other half don’t deserve to read it at all!”
I couldn’t agree more.
Anyone thinking FSLR long?
JPM about to pop
Henry, Stfu.
I could figure risk when I was in diapers. My mother would ask me what my P&L was after a sample 3 page trading blotter in Euro/US.
Keep those lessons to yourself and stop trying to blow fly as he’s hetro.
plastic is cheap, sugar is cheap. dont know the caffine market but I bet its cheap
Fly,
You got it all wrong, re: Andy.
Border state, Muhammad Ali, kumbaya.
All that shit.
My father in law, from here, is more liberal than E8.
Makes Ottnot look like Uncle Joe McCarthy.
Now, Wood? That’s the Capital of the Confederacy, ovah theah. Big diff.
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Anyone thinking FSLR long?
Yep, or TAN, if your supply of Tums is at an ebb.
+_+_+_+_+_+_+_+_+_+_+_+_
Sold AMAT for +.05…MM’s BIG pile of wood keeps getting thrown on the ASK bonfire. Some ‘theys’ want this lower.
I’m so liberal that I want the government to nationalize the…oh, wait, we already did.
Gas might be a lot cheaper but nobody’s buying the stuff they’re driving around in trucks, if it was even ordered by retailers in the first place. So what’s the diff? We’re still F’d for quite a while.
j: Don’t STFU me!!
I’ll go all Krav Maga your ass if you continue to use tone like that!
and I’ll blow whoever I see fit to blow!
Life is full of irony, isn’t it? My poor F-I-T really thinks Obama is going to save the world.
No shit.
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Fly,
If we’re going up 500, we first need to go down 300.
I’ll go all Krav Maga your ass if you continue to use tone like that!
You gotta wonder how this “Krav Maga” became all the rage amongst martial arts enthusiasts.
Here’s my theory: Hong Kong Fanboys got tired of the increasingly complex Asian discipline names…
Started out, plain ole “Kung Fu” and maybe “Judo.”
Then they extended the search, going all the way out toe “tai kwan do” and “ju jitsu” and various “crane and monkey styles” etc.
One day, the chief nerd came in and said. “That’s it, we’re taking it in a new direction. Whadda we got in Eastern Europe?”
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Fuck you Fly. The South will rise again.
In fact, look around in New York City. Yankees are fucking jumping out windows, losing their jobs, watching their homes go to zero, having their bonus money chopped to zero … it was The South that done it to you.
You all are ignorant folk.
We finish in the red today. Why? Because The South wills it thus. You fucking Wall Street Yankees need to be taught a lesson.
Jake, F-I-T?
It’s all a matter of style and depends on mood for me.
Im gonna go all Filipino on you and just beat you with a fuckin stick!
Escrima if you will.
Father in law.
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Kendo-style?
I thought it was the Singaporeans that liked to cane people?
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RUT RED = “RUT ROH.”
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Is it me or has FLY go schizo crazy the last couple days? He must be getting smoked today.
“Eskrima” or “Escrima” refers to a class of Filipino Martial Arts that emphasize stick and sword fighting.
The teaching of the basic skills in FMA are traditionally simplified. With limited time to teach flashy and intricate techniques, only skills that were proven effective in battle and could easily be taught en masse were used. This allowed villagers, generally not professional soldiers, a measure of protection against other villages, as well as foreign invaders.
Fly-san lack dishepwin. Market drop now.
Only…so only 3 asshats total then. Gotta be an all-time low.
You all are balls deep in Charlie Gasparino.
Fucking Retarded.
Give me a $10 rip in SMN so I can short the shit out of it. Missed my entry by 20 cents last week 🙁
Markets don’t go up anymore. Someone should’ve filled you in.
Hey hey hey, it’s okay gettin’ squeezed a bit, just leave the food out of it!
At least we know GE can only fall 15 more points. Whooda thunk it?
great, dollar rallying and bonds rallying.
got screwed today..
i got out of fxp while i could, but i had bought to high..
so i wasnt able to cash in enough profits.
my longs did nicely, but my greed on fxp fuck it all up.
its awesome to see the amrket go up, just for no reason..
what a thrill.
Hey Jake – when Obama has his Veteran’s Day speech next year and lifts up the cut off head of Bin Laden, hope you do the right thing and give the guy a warm round of applause.
Maybe we are doomed for Depression. I don’t fucking care. I am backing up the short bus right now and loading up UYG, gonna bounce off 52 week low.
Take a look at CQB. Nice short squeeze today, will continue into tomorrow.
C (barely) BAC, AXP still above lows….PUSSSSSSSSHHHHH…and the bulls about to drop it again.
Added to my TZA position
Hey oex trader, the only head Obama will be involved in will be giving it to Osama in his cavernous cave.
http://www.nbcaugusta.com/news/elections/presheadlines/34587804.html
This sentiment around the country will build, imho.
Man down! Man down!
Going Long Means Losing Money
As I stare at the long list of my holdings, almost all the longs (each of them carefully chosen) is in the red, and all the shorts are in the green. It’s as simple as that. Las Vegas Sands, which popped up to a 30% gain in a couple of days, sank into a loss today, so I dumped it. Plenty of other issues I bought last week have been closed out with 20% losses.
Anyone trying to peg a bottom is going to get burned. The tables have totally turned. I spent a long time Waiting For Godot, and Godot is finally here. Now it’s the bulls turn to wait for years to “their” market to return. This is a bear market. This is a technician’s market. The ultimate bottom is years away.
The old saying “The market can stay irrational longer than you can stay solvent” cuts both ways. All the good reasons for a bottom don’t count. The market is, on the whole, completely bearish for years to come. I am snuffing out the little bull that was emerging inside of me. Sure, if we plummet to 500 on the S&P or something, maybe there will be some bargains. But I am focused on shorts.
Fly Top! Fly Top! VIX shooting up – 10 year bond yield down.
first leg in, @ $5.75, gonna go more @ $5.50
you think Obama cares about the Constitution?
Cmon, he thinks the Constitution takes away Liberty.
Obama is probably behind FCX going down
Hey Jake – when Obama has his Veteran’s Day speech next year and lifts up the cut off head of Bin Laden, hope you do the right thing and give the guy a warm round of applause.
You have my word.
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Fly had a Buffett hater thread this weekend. All you Buffett bashers should enjoy this article
http://www.bloomberg.com/apps/news?pid=20601087&sid=ax3BmoyP2nVU&refer=home
fwiw … I will be going with my call for a big rally tomorrow , and I’ll be buying into weakness this afternoon
needless to say – this is a very risky one day bet
I have a few hedges so they don’t carry me out
don’t follow me into the murder hole
MER trading like its been left @ the alter. Thundering herd Ken Lewis promised bonuses about to up in smoke?
Why wouldn’t I want to buy
1000 UYG 5.75
10 Mar 8 puts 3.5
cost $9.25
guaranteed return 8 risk 1.25
13.5% risk
unlimited up with leverage
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Can’t this pig get above 9.25 by Mar?
Anyone please play DA (Devils Ad)
Thx!!!!!
Hey, uh, it’s getting a bit crowded in here.
What is my tolerance for risk you ask?
Well fuck man I’ve lost both motherfucking arms and legs in the last few weeks.
Now the vultures are nibbling on my torso and I am holding out hope for a rally.
My wife stopped feeding me hot dogs and is more or less throwing grenades at me.
Any questions?
Tiimmmmmberrrrr!!!
Here’s the thing:
The volume is so fucking low.
Maybe it’s “death by a thousand cuts?”
Sure feels like it.
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Any questions?
How long is your tongue?
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fly, as usual you are long and wrong. I guess you’ve been sniffing too much of j’s retarded money supply bullshit. New lows as I’ve stated many times. Keep ignoring my superior intellect at the expense of your own financial peril. Odd no?
Selling this:
10 SKF NOV 200’s (calls) @$11.70.
Fuck it.
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only 128 optionable stocks over $50
non etf left…
lol
Man my a hole hurts. UYG getting hammered.
Holy shit…who let the DOG out?