Although you clowns want nothing more than to see “The Fly” lose his coin, amidst an egregious short squeeze. However, I have news for you, assholes, it’s not happening.
Sure, I am losing some dough on SRS, DUG, EEV and ERY; howsoever, it’s also worth noting my gains, good Sir, in CHL, FXI, TS, amongst others— is it not?
Look you, I don’t have to prove or justify shit from buckshots to any of you. Just feel solice in knowing, a 45% short, 20% long and 35% cash position (my model coming into today’s trade), no matter how onerous it may be, is not an asset allocation model that can lead to ruin. Do the math yourselves.
Going forward, my focus is to sell short oil stocks, via DUG and ERY. Also, I will hold onto SRS, in the event of a “fuck you, you’re dead” trading day, following BXP‘s earnings.
Finally, I am very comfortable being long the rabid pandas from China, via CHL and FXI. In addition, dumb ass infrastructure plays may see more upside. There, I like TS, MT and BUCY.
In short, it is nearly impossible to navigate this tape. If you got caught short or “malpositioned,” do not feel bad. Try to focus on what’s in front of you, instead of past mistakes.
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Fly is god. Short APOL with impunity
There is a steamtrain filled with billions of boxes of shamwow’s right in front of me.
“Moreover, the Commitee seeks some risk that inflation could persist for a time BELOW rates that best foster economic growth…”
That’s a deflation statement right there…
PS..We have to finish SP500 above 867 which is the 50EMA…Should we finish below that, it would be extremely bearish as it would indicate a failed resistance break…
UPDATE: BIG MIKES BUYS 5,000 XOM LONG…Going to play a short squeeze since everybody I know is short that stock…
You’re banned. I will not put up with liars.
I never said buy banks.
Mike
Shut up.
long DUG, SRS and DXO. XOM will eventually roll over.
yes you did buy FAS to make egrigious coin and then you “shaked out yest”, you old s*cker!
Got my $$ from the Consumer Tarp Window.
Off to buy a BK Whopper with the money and maybe some fries, if I have any left.
So, does anybody knows how much Jim Crammer’s charitable trust is down?
He sure sounds bullish today…
I hate Cramer with a passion.
LIAR
Show me where I said that
The Fly is God.
Reading between the lines on the Fed stmt, I summarize it as:
“Our shit will continue to stink for the forseeable future”
good times, rally on Garth.
Got that retouch of $12.05 (and then some) on FAS. Looking to go to $15 from here.
Hoping you get in for the wedge shot, Fly.
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Watch ITB for a retouch of 9.55, too.
Yes, that ITB.
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Goldman ripped my face off today. I covered at 86. If the fucker goes to 90 i am going back in short
Cramer-Total average return since 2002 is -14.98%. Down 1.66% YTD
guessing that the rampage out of treasuries will bring the tape down, also, not to sound like a broken record, there are few people short this tape, not sure how much juice is left to buy into it. a stall with treasuries selling down may bring us down a bit. my book is only short and has been for the past five years, so take this with that in mind
Rally on. The government (broke taxpayer) will take of this.
Go out and buy a bunch of crap made in China. They hold a lot of our debt. If they suffer too much, they’ll fuck us hard without lube.
Fan out.
Look for the pink bull riding along the CNBC ticker on tonight’s show!
Cramer can fuck a frozen Butterball turkey.
Why don’t you fuckers cool it with The Fly. Stop antagonizing him.
“Fan out.” LMAO
my book is only short and has been for the past five years, so take this with that in mind.
Oh, hey Tim. Nice of you to take some time away from your own blog to come over and visit.
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You guys dont understand how Fly operates…hes a Market Bloodhound.
Market Bloodhounds can track stocks and market moves for days, weeks and months at a time, they are tireless in following the money scent.
Combining a keen sense of smell for profit, with a tenaciously strong tracking instinct, Market Bloodhounds will hold on, by-pass small profit distractions and eventually track down the biggest profits in the market.
They also make wonderful pets and are known to hog the entire couch while allowing their admirers to rub their tummies.
.
Fly — just heard a Savage quote, sounded like your mentor:
“I don’t know who’s running anything anymore, but I suspect that idiots are running everything everywhere.”
He is gold.
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Fly, I did not really get where your coming from before, but I just watched your video. I must say I have a new and profound respect for you and your commentary.
lower high on FAS
Obama now merely need a blanket statement to Wall Street…
shorting is UN-American and…woosh…the sheeple investor enters long on his barking orders…
Of course, a simple phrase like “I GOT THIS” would do the trick I guess…
VIX was destined to pullback to more “normal” levels (pre-October) but forming a nice hammer set up today so watch it for market pullback trade…
Overnight SPY short in order?
I just don’t understand what is keeping XOM up? I guess it could be their billions of dollars and the fact that they make money when oil is cheaper. Not to mention oil is at the bottom. Oh well. I just keep shorting it.
I swear I just saw Dennis Kneale on ENews as one of the hosts.
PS Not my regular show but was channel surfing when I saw him.
Only queers watch ENews…I am told…
Not if you’re watching the women.
Newton’s Law suspended:
COP loses 30+ billions and Baker Hughes sees the future through a Mexican beach toilet and yet they both stay aloft…
‘bad bank’ BS losing luster
Rally fizzles, BAC made lower high around 7.50, i regret i did not short it at that point. If SPX goes below 861 (867 currently) then it is gonna want to fill the morning gap. Not that i know anything about stocks, just pretending like others…
You need two crystal balls to figure out the madness.
You want Costanza?
Allright then….
KBH to $17.80. Buying at 12.15.
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Short that SPY with 87 stop…
j_remington (Steele?) looks to be vying for my personal ass-burr.
How’s that TSO short working out, Mr. Steele?
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Buy FAS and the big banks at all dips. There’s still thousands of idiots that don’t get it, and refuse to accept what is now happening. They will ultimately help us achieve the entire enchilada once they feel more pain.
Wait until the SEC changes the accounting rules. That’s when the bears get the mega deBalling.
ta-ta
8)
Bought SRS $51.84.
Timmay wants to dance with Fly.
Fly,
You may want to leg into some ERX here.
Just in case.
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SRS about to close to new low…will it be support…or new resistance…anyone?
tomorrow’s unemployment claims should be severe… that should be on the minds of traders into the close
Knight just entered into SRS…I guess it will now be resistance…
Jake-
I believe RYL reports after the close.
Would be safer to take a small flyer on ITB.
Hey Prof,
Aren’t we all expecting the worst case scenario on unemployment? Besides, sheeples seem to have once again become complacent…billion here…trillion there…as long as their cable works…all is swell…
Do the math, imbecile:
Say you have 100k. Say you have 45k short. Say of that 45k, 30% of it is in SRS. Say SRS goes down 15% the next day.
How much do you lose?
Devildog bought SRS today… resistance
Caddy,
Not sure earnings are going to mean much here, as far as the homies.
But I think you are correct about sticking with the ETF.
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Long SRS
everyone’s expecting bad but if it’s a bit worse than that, say in the high 6’s or low 7’s the reality of it will sink in, right now it’s just in the air, everyone knows that it’s the elephant in the room, a whole lot bigger than the techies will admit.
($2,025) -2% Noise…
Adding FAS @ $12.31, 2k more.
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I’ve outflanked the bears and am now holding my position. A couple more crushing blows and I may bail out again and sit on the sidelines. We’ll see.