Oil is selling off here, despite a weak dollar and battered treasuries. Maybe it’s a little profit taking, maybe not. Either way, I am very much interested in betting against the pig called XOM, at these levels, via DUG.
Also, it’s worth noting, I have hardly any upside hedges right now. Early this morning I had more than 50% long. However, watching today’s tape, witnessing one sector after another go down, I opted to take on some risk here, by going net short.
At the present, I am 45% short, 5% long and 50% cash. It’s an egregious mix, one that can get me in a bit of trouble. However, I am pretty good at catching inflection points.
Gosh darnit, I think I found one right now.
NOTE: I will not be adding to any of my short position, throughout the day. Before I do that, I want to see Doe 8,000 breached, on a closing basis.
If you enjoy the content at iBankCoin, please follow us on Twitter
Doe 8000 is gonna be a bitch!!
the motherfucking second i buy DUG it drops 30 fucking cents…
test
Pinheads beware!
We are back in the “Cock Suck Zone.” Remember, loose lips sink ships.
Leave pithy comments and trade accordingly.
People should avoid the inverse ETFs, just short an equity if you feel so inclined.
the market will confuse and flummox as many participants as possible before flushing it’s stools down the solid platinum crapper
Net short could work for a few days.
wtf?
The market is retarded. Hence I have a 50% cash position.
Welcome to the Depression
For the first time this year, I find myself on the opposite side of a trade with The Fly. Given my name, which has been earned from years of fucking up, y’all might want to go short here.
I’m long balls to the wall.
This is end of month window dressing. That Triangle in the SPY that Chart Addict said might happen [ if it comes true it will be a large move up or down]. So wait until it pops and go its direction. If you trade until then you are trading the Bermuda Triangle Fucks.
FLY: You will get your mustache punched off this week for betting against the Bull.
Contrary:
I was feeling bullish this morning. I just didn’t like the intra day action. Who know? We could close at the highs, retard style.
Henry:
Impossible. I am clean shaved.
ALERT:
AFL AFLAC slips to fresh intraday lows as it dips down to probe the 20.00 ‘psych’ area (19.77 -4.74) -Update-
What a strange occurrence!
I’m betting on the retards… like I said this morning… against my better judgment. The news last week was absolutely horrible and we never saw the washout I was betting on… so I’m going long.
dude youll be buying fas agean in a day and a half dude you fuckin suck at this market you dont know what the fuck to do
to all fly followers: sell FAS that you bought 5 minutes ago following Fly trade and load on shorts! Gosh, he thinks he found it!
I bought FAS last week, in the low 9’s.
Quit hating.
Hating is my fucking job. You job is to just read and clam up.
Don’t worry guys we’ll sell enough contraceptives in the next 6 months to reach new highs!
The Market is on Gaystrogen
http://www.boreme.com/boreme/funny-2005/gaystrogen-p1.php
Fly: start growing one
Market wants to punch it off
The markets arms are too small. I dodger and weave like matrix.
Yeah, Inflection point at 2:15 pm? It was all those RIFs announced at once – a little rally was sniffed out.
At the present, I am 45% short, 5% long and 50% cash. It’s an egregious mix, one that can get me in a bit of trouble.
That’s a slippery ass funnel, and I think it’s got one of them tree mulcher’s at the nozzle.
_________
If you don’t at least hedge here with some of these BTFO refinahs, then I’ll neither mack nor mell,* but I will count you as stubborn.
_______________
*neither mack nor mell= not interfere. Yep, from the calendar.
__________
Doe 8000 is gonna be a bitch!!
Wasn’t that Bambi’s bionic step-mama in the Disney sequel?
____________
if you donot post your live portfolio then it all becomes smoke and mirrors for you to post stupid f*cking “smart” posts, attract idiots who will try to follow you and will most certainly loose money while you are selling fat stomach commercials.
just add another link with your portfolio indicating ticker, shares and entry point – will take very little time to compile – much less than filming idiotic videos
Dough $8000 is what I lost last November, in this queer ass market
Jake, any specific ones you’d recommend right here? VLO, CVI?
Ed HOC-huli wants to give you all the grizzly bear hug of death.
And a fifteen yard unsportsmanlike flag for excessive hand wringing.
Be warned.
__________
Kmorph,
TSO, HOC, WNR, VLO in that order. HES should also be consulted, if it weren’t a Jets play, and hence, a loser.
_____________
Thanks man. Much appreciated.
FAZ and FAS both green…silly market….
Thanks Master Fly, reversed my dug position to long. Been a while since I’ve seen you this persistent. Reminds me of your SMN call.
After todays close I want to be ensconced in velvet.
ummm no.
I could careless what any of you think.
Fly — you adding any Pffff-eezer here?
_________
Feel the love. See, I have to put up with this day and night.
Don’t forget Fly. Poker tonight.
so much bad news and the market goes up. What will happen if we get something even remotely good? Back to SP 950?
Fly
What do you think of selling call options on DUG? Right now you can get 1.25 on $28 w/ a Feb close
ummm no.
I could careless what any of you think.
———————
lies… why the blog then?
So stupid, and on so many different levels.
_______
Jake, SUN is kicking ass ….
So THAT’s what happened to Shaggy from Scoobie-Doo.
“Zoinks!”
Observer:
Because it’s what I do.
I am the best in the business.
Fuck off.
Anton — yeah, he was never allowed to smoke on camera.
But you knew he and the dog were doing super bassoon bong-hits in the back of the dream van.
___________
Zoinks!
stop using the bullshit ETFs like DUG, FAS, FAZ
Fly:
Please go start Banking some coin you’re getting grumpy!
Jake –
That’s why they were totally befuddled by the same lame plot EVERY episode…
And knee-knockingly paranoid, to boot.
E8 — SUN moving, but not yet BTFO like some of the others…
Give it time.
____________
That’s why they were totally befuddled by the same lame plot EVERY episode…
And knee-knockingly paranoid, to boot.
And, not coincidentally … hungry all the time!
_______
Oil you shitbag why did you tank on me when my fucking sell was 1 cent higher. Fuck. Oh well atleast DUG and XOM started offsetting. It was a grand day today for me.
“Scoobie-Snacks” were just Doritoes.
“Rut-Roh!”
Here is a hedge for you – long BP and short XOM (same dollar amounts), or play with a straddle! Check the charts. I’m in today with options.