CNBC is reporting the Fed will announce a record reduction in their balance sheet today, anywhere between 200-400 billion dollars. In my opinion, this firms up the deflation story and should punch oil, if I may be so bold, in the scrotum.
However, seeing how many banks pole vaulted above resistance levels, I have very little interest in adding to any shorts. As a matter of fact, I have greatly reduced my shorts, specifically in EEV and REW.
As of right now, my largest bear bets are in DUG, ERY and, unfortunately, SRS.
Despite hating the SRS action, I will ride it out.
On the long side, I added to my FXI position and initiated a position in MT. The text book says these gains should hold.
But who knows?
Go ahead, act like you knew this would happen and say “Gee Fly, I am hoping for you to get your mojo back.”
You fucking idiots. Being successful in the market is not about nailing every trade, every day. For me, it is a game of attrition, where I steadily plot my next move, much to the chagrin of others. There will be lost battles and many hits along the way.
However, when it’s all said and done, “The Fly” aka HORATIO CLAWHAMMER wins the war, every fucking time. You can bank on that.
UPDATE: I bought 5,000 BUCY @ $17.13
If you enjoy the content at iBankCoin, please follow us on Twitter
Fly, you stole my line. I will WIN the WAR. S&P will break 800 no later than next week and head south to 600.
The stock market is the Devil.
Shame.
You would be an impecunious gentleman betting against the Fly.
I picked up some SRS at 52.39 to save for a rainy day.
.
Donny: http://www.youtube.com/watch?v=4yk0mbjz8nQ
CAP: http://www.youtube.com/watch?v=GAiSFpFidIs
8)
If any of you fuckers mention my premature sale of PFG, I will kill you.
Be on the lookout for the Fly’s mojo. It’s been missing for a couple of months now. I hope we can find it…we need the Fly on his game.
Hey Fly,
What’s with the premature sale of PFG?
LOLOLOL…Suck it, goat milker man…
Horatio will soon have a golden handle encrusted with gems for his clawhammer.
Not much will happen until the decision. We’re banging up against the 50-day MA right now on the SPX.
*whooosh* ducking the clawhammer thrown at BigMike
Dont fret its crazy hat week
Just got finished scanning through the text of the stimulus bill. The fucker is 647 pages. Now in 647 pages you know that there is pork!!
yea youll be riging the bad action in srs for 2 weeks you jack ass how many times do i have to tell you the market is gona grind its way back to 900 HINT buy the fuckin dips moron
How is this market only up 130 when everything is green big?
it’s “common,” asshole
Both Fly and DevilDog both will triple their money @ the end; DD’s net worth will go from $100 to $300 at one point.
buys for crazy hat week
fas, srs, ge, C, bac, cat, boe, fcx, mmm, and other things,
Who the clamjaphry fretting frocking shamocrats are jacking WFC up 25% today?????? These griezie asstardettes didn’t want anything to do with this stock last week, now ALL IS BETTER? and now these asstardettes can’t get enough of it?
Today I officially change the symbol of WFC to WTF
Days like these are what makes the market so fuckeringly stupid to play……
Good times, comrades!!
After years of conservative market oriented reforms, Iceland is joing the United Socialist States of America by establishing a quasi-commie/socialist government after their banks bankrupted their country just like our banks are going to bankrupt us.
http://online.wsj.com/article/SB123306876631819667.html?mod=yahoo_hs&ru=yahoo
thanks dude like i said i mite not be the best speller but but ill out trade you anyday
The Fed will say sub-prime is “contained”…
oh wait, that was 2007, and 500 S&P points higher.
good times
I think Big Mike has BIGGER things to worry about than
flying clawhammers…
Big Mike Says:
So…the Fly turned a bull all the sudden ehh?
UPDATE: BIG MIKE BUYS 10,000 FAZ, SHORT 30,000 CHL…SHORT 100,000 TS.
January 27th, 2009 at 1:10 pm
regarding deflation vs (hyper)inflation
MIGHT- is the word— mites belong to the subclass Acarina. They are microscopic spineless bugs that live in your bed!
.
excellent youtube
Fly, you called this squeeze, to the hour
hey commen, go fuck yourself with a drill bit. your comments are mind-numbing.
Thanks for the PFG call to 20. I am riding it there. Your time machine is swell.
Wiglebot-
The “squeeze” hasn’t begun yet.
UPDATE: BIG MIKE BUYS 10,000 FAZ, SHORT 30,000 CHL…SHORT 100,000 TS.
———————–
yea big mike, wtf? stop blowing big trades. Thats FLY’s job on this blog.
Wanna help the economy? Eliminate corporate income tax. You know that Oblama has no clue, dontcha?
Taking into account that SRS is down 11%, ff the Fed announces that its buying long term treasuries, is SRS going to cascade down?
USO is showing green.Fly or A Flytrap? Will Fly’s call on Oil be wrong also?
News from britain:
Privately, something close to desperation is starting to develop inside government. After watching the slide in bank shares on Friday, one cabinet minister did not altogether joke when he said: “The banks are fucked, we’re fucked, the country’s fucked.”
http://www.guardian.co.uk/politics/2009/jan/19/economy-banking
“The banks are fucked, we’re fucked, the country’s fucked.”
write that down.
Chart Addict is the only smart trader on this blog today. The whole thing looks like a set up. This is a pumper play from CNBC who will work for Obama. When it sounds easy wait for conviction.
If you’re not going to nail every trade, I might as well start visiting DT’s blog.
I’m slightly concerned that you mentioned “resistance levels.” Woody has really gotten into your head…
-DT
Keep using fbn write in as your pump and dump, jerkoff.
fucking credents……
great, my right foot has fallen asleep, now it will be up all night.
BTW did Asshat open for The Fuckery at the Shamwow Bar & Grill earlier?
Short KIM at 16.85.
MAC not available…
Burn in hell CRE mofos!
Donny,
That wasn’t the video I expected for CAP…. Of course that one might be tough to find.
Asshat, the illegitimate red-headed step child of Foghat and GoldenAss, committed suicide when their $14.65 Ponzi scheme was revealed on MTV.
The Fuckery will go it alone, and they will rock the tape hard into red.
Donny – where do you think the squeeze might start from? 871, 878?
Braveflaps, will there still be free beer and lap dances?
Fly,
You underestimated the Obama effect on the equities markets. He’s turning around this country. You’re being punished for being on the wrong side of the trade.
If the Fed day goes true to form, sometime in the next 45 minutes the market should take a dump.
Monsieur Practical Wrote:
regarding deflation vs (hyper)inflation
J
****************************************
Your Minyanville article SUCKS WIND.
Just print more money. It is working.
Just like Wall Street, the Fuckery guarantees a drunken happy ending or your money back.
Wiglebot Says:
Fly, you called this squeeze, to the hour
*********************************************
The only thing Fly is squeezing this month
is his soiled diapers, since he has shit his underwear on about every January trade so far.
He must be Madoffing it to have one fuckin’ dime left to make yet ANOTHER bad trade.
FLY,
I really enjoy your writing, so I feel obliged to tell you this: drinking Macallan with ice in it makes you look like an idiot.
Your friend,
CI.
That’s it Vald- flood the system with money, delate the value of the currency, massive inflation will be great. encourage more borrowing and spending on credit. Right back to what caused this shit.
You socialist’s answer is always the same–Throw more money at the problem
Contrary Indicator
That is not me. An actor.
What’s wrong with you idiots? You’re like little bitches waiting to say “nah,nah, told you do.”
Go eat goats.
Also, are you assholes forgetting the fact I was only 45% short as of yest. Also, are you neglecting the fact that i bought a bunch of longs yest.
Also, are you forgetting that i sold out of many inverses and added to longs today?
Any of that fucking shit resonate with you assholes.
I’m going to ban all of you and make this a comment free blog.
Fuckfaces.
fly just admit that last couple of weeks you were ass trader, weak hand, shake out, wrong side, shmack! You lost egrigius amount of money you old s*cker! mu-ha-ha-ha
well, i say last couple of weeks cause thats what i have been seeing, people following this longer will have their own ideas.
Fly, speaking of your favorite animal. There is a small business in Calif. that rents goats to eat growth on properties to reduce the danger from fires. Trivia you need – Rent a Goat.
XOM coming back, this could get real ugly for us bears
I fucking sold out of ALL OF MY INVERSES near their peaks you idiot. I was 100% cash. I legged into shorts. I did not lose any money on longs.
And, finally, I came into today with 45% short, 35% cash.
Moreover, during today’s tape, if you bothered to look, I added to longs, while selling more inverses.
You fuckers just like to talk shit.
I’m up in January, cocksucker!!!
Just curious Fly….is your vetting process similar to Obama when it comes to the bloggers on your site. Trying to make the decision if I should give any of their view a second thought.
jp
shut up
USO is on the move.
flysweater & cnbc fag –
Go do each other’s hair.
Not for nothing… FAS over $12.05 here, going to $15, I think.
Try to catch the retouch of that line.
__________
While I enjoy trading the short side…bears are without a doubt quite retarded.
Commodes are working here.
http://tennessean.com/article/20090128/NEWS/90128034
Vanderbilt loses 30% of endowment!
[email protected]
wish me luck jakegint.
…and I don’t mean portable toilets.
Fly,
Any chance of getting some PPT data on BUCY?
Jim Cramer and Topper Harley are gay for each other.
Fuck you both (probably the same poster). Enjoy your cowboy buttsex.
The Fly is God
Fly, do you think they un XOM up into earning? Then maybe when it gets hit CVX goes along for the ride.
Comm re, strong like bull(shit)
Fly,
that actor is making you look like an asshat. Tell him to drink his scotch like a man or stop using your name.
here’s the fuckin r for run!
you f*cker just reply to 1 person at a time, otherwise i am gonna put cigar into your cigury a**
Buy GE…risk is good.
Besides no place to put your
worthless dollars! HA HA HA
Is CENX toast, ala AIG LEH BSC CFC WM , etc?
Sold it all. 100% cash. Great two day run. Off to get an Opus X.
HAHHAHAHAHAHAHA. Yugo crash is hilarious.
Technical Breakdown
Accumulation/Dist. [?] 5
Price Performance [?] 1
Relative Strength [?] 1
Volatility [?] 4
Volume [?] 2
Overall Technical Score [?] 2.50
PPT Recommendation: Sell
Fundamental Breakdown
Debt/Equity [?] 4
PEG Ratio [?] 5
Price/Book [?] 5
Price/Sales [?] 5
Profit Margin [?] 3
Overall Fund. Score [?] 4.53
PPT Recommendation: Strong Buy
Hybrid Score
Hybrid Score [?] 3.35
Historical Scores
How has BUCY scored in the past? Click here to find out.
PPT Recommendation: Buy
DEVILDOG Says:
Fly, you stole my line. I will WIN the WAR. S&P will break 800 no later than next week and head south to 600.
—————————
have you learn nothing from your predictions? at least say something “no later than later in the year”, that way there is some probability
Fly-
Good new video. Can you upload your first one to your youtube page? Krull has a funny new video too.
Interesting.
Thanks.
This thing is ready to rip
A crock-pot of beans and fuckery with steamed asshats and burnt marshmellows.
In on SKF at 120.50
I am first in line here to get my share of the Consumer Tarp Money.
Nobody else is here yet.
They should open the window soon according to the security guard (Wackenhut guy).
Bill Gross looks like the Elephant man.
watch C BAC
There doesn’t seem to be much interest in taking this pig higher so the path of least ressistance is down. Are you with me?
Obama now needs a blanket statement to Wall Street…
“Don’t you all know…going short is UN-American?”
Woosh…enter the sheeple investors….
SRS …IYR looks like it wants to trade to Jan 6 high of 37.66…won’t be long SRS until the IYR blows off its steam….