I’ve had a lot of time to think about my asset allocation. For the moment, I will overweight on the long side, at least until May. There is no way I enter the summer long equities.
Most likely, I will keep a good 10-20% in cash. I intend to make some pretty bold moves, which will be refreshing, especially since I’ve been acting like a big pussy.
Once gain, target shorts are ACC, WRI, MAC (2 points higher), HME , PACW and RIG. As far as etf’s are concerned, I will take a stab at FAZ in the teens and SRS in the 40’s.
I had a dream DUG went to $18. Therefore, I shall endeavor to buy it at $18.
On the long side, people think the recession is over, no shit. That is why semi’s are spiking. I will entertain these delusions via a long NSM position.
I like construction firm PCR and mining play BUCY.
In tech I like LOGI, NTGR, JNPR and CHL. In finance, I like AMG. And in health care, I like Ci. If forced to play oil, I’d buy GMXR, for a squeeze. And, in retail, I like GES.
Oh, don’t forget the fucking railroads, via GWR.
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Yo Fly,
You use stops? A broker friend told me ppl who use stops reveal their hand and let brokers wipe through them to collect fees. Curious about your thoughts and none from the the rest of the douches that get into fights here like fags on the school yard.
i never use stops
Excellent you just watch it and ditch it when it goes south I assume. Thanks
Egregiously weird.
Fly, one of your PPT top ten is DNA which is done – bought out. Sometimes things like municipal bond funds appear in the top PPT 10 list. The big movers today were the RBS preferreds which popped 30 to 50%. I am being converted to committing more funds here too. Asia showing green right now. I was trading in my dreams the other nite too but I don’t remember much about it.
DNA is not done until it is done.
Colonel Tom N. Shitington reporting for duty sir!
Beware the Dream Police.
http://www.youtube.com/watch?v=zdwMSONE-aw
Fly, everyone seems to be on board CRE is going to still shit the bed. From all of your research, if you had to pick one to short, that you hoped went to zero, what would it be? seriously, just the one.
Did the Fly say People’s Semi’s are Spiking on the long side because they think the recession is over?
posting videos from 40 yrs ago should b punishable by death ive never anything so shitty.
The one CRE that is going to zero is ACC. The fact that they bought 75% of their properties 2006-2008 at inflated prices AND have huge debt due in the next 3 years makes it the one (one of many) in my world.
Fly….do you disagree?
Don’t argue. Buy!
http://www.youtube.com/watch?v=TbIRedOqDwE
wtf is a jarret
TheArtist Says:
Fly, everyone seems to be on board CRE is going to still shit the bed. From all of your research, if you had to pick one to short, that you hoped went to zero, what would it be? seriously, just the one.
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Why should he short ANYTHING right now?
We are in the Obama Bull Market.
Talked to a few of my friends who are retail brokers. They said they have been getting a lot of calls from clients who want ot buy into this rally. This tells me that most of this has been retail buyers coming in once the short covering starts the momentum. The crowd is forming. The fools are getting sucked in and the big money will soon drop the hammer.
That’s right, everything is fine thanks to lord Obama
Animal Farm “…I know its hard to swallow, it must sound too far fetched, but you can bet your bottom dollar I ain’t goin’ with the rest!”-Clutch
As Hoover used to say to Liberace “Can I push in that stool for you?”
(Goin’Fawr adjusts his ‘Casey Report’ logo’d tinfoil hat)
Bottom’s UP ladies…
Marty Chenard at stocktiming has Institutional Buyers (60%+ of stock volume) at the apex of the 5 month wedge. The move up or down will occur soon. Stay tuned for breakout.
fly,
Bites @ ERY? Target, if so?
soon nation, soon.
hmmm..anybody got any thoughts on UNP ?
or BEC ?
Fly, do you type on a keyboard of silver?
Eric
I like LMNX better than BEC
DUG at $18 eh?
I was thinking of snatching up a little under $20. If oil surges high enough we might see DUG at 18. I’ll probably still buy under $20, but it will be interesting to watch what occurs. If I see it at $18, I’ll buy deep (for me), and hope no crazy geopolitics or natural disasters sabotage my nearly certain resultant gains.
Mars.
Perhaps…
You are the guy in the caboose, and the engineer is not responding to the 3rd red switch signal, before you re-join the main line.
Runaway trains have never been explained…
Are you the last one on?
ALL ABOARD!
(Prepare to lose your long and sorry ass well before May)
PCR will be kneecapped tomorrow by MGM bankruptcy.
Maybe an opportunity.
Don’t know how much they’re owed on the fuckdickulous “CityCenter” project, tho.
hmmm…bankruptcy, eh? Maybe I can a good deal on a room at the MGM Grand for my upcoming Vegas trip…
Hmmm, this is a stunning news report. “Geitner flip flops on new world currency”. This definitely caused some shockwaves in the currency market.
http://www.youtube.com/watch?v=hMwk4P1Kuzk
per The Fly’s dream; I will buy ERY when DUG gets to 18.
Fly..you dream of DUG..I dream of pussy and old firefights and my life before marriage and kids that never stop needing attention …what Jung must be thinking..all the best
covered 6 contracts here…
will be shorting q’s if there’s a half gap close after open… they’re ready to lead the way down. And oh yes, have just shorted smh…
No safer tranny than UPS.
And lo, behold! It finally breaketh above yonder downtrend line started at the 9/16/08 high.
____________
He forgot to add NVLS upgraded as was GS (FBR-outperform).
Careful T Moe on GS although if it stays down with the upgrade it should continue south today.
Thanks for the props, about time.
time for MVIS?
the prof Says:
will be shorting q’s if there’s a half gap close after open… they’re ready to lead the way down. And oh yes, have just shorted smh…
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Shorting during a bull run? Where do you do you professing, at the Limbaugh Institute?
Better have about a five-hour time frame!
Jake are you still holding your SRS or did you sell into the pop on Wednesday?
devildog got long srs, jake went against him, if i recall correctly
Phil’s Prime Minister provides a glimpse at the real reasons underlying Phil’s distaste for America?
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Fly!??? CRE question from last night above…..the one worst CRE stock please.
What is wrong with some of you people?
On commercials my pick is ACC with HME right behind.
Generational– its a bull run in a BEAR mkt laddie..not to be confused with the real thing mate…imo. More shit to blow up shortly….
CK — I had shorted SRS at 50 something… covered two days back at a loss of about $2.00.
No position right now, but I’ll have one again.
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Generational-
The bulltard crowd is forming. Mutual Funds are trying to pick winners for their quarterly statements hence the run in NASDAQ since it turned pos. for the year. All rallies are lead by short covering. Just like this one. When crowds form I will always be on the other side waiting for the big money to cut some balls off.
A lot more job cuts announced this week, even Google is cutting. The new lows are coming soon. S&P 575
Generational Leftist Douche — you don’t want to antagonize the Prof, as he’s quite a rarity around here — a lefty with a brain.
You need all the help you can get.
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Damon sez:
ALL ABOARD!
Reminds me… my oldest got an iPod for his birthday from my mother.
He was born in 1997. Want to guess the first song he downloads off of iTunes?
Aaaaawwwwwllllll Aboooooaaaaaardd!!!!
That thing CAME OUT when I was less than his age!
_____________
Generational arsehole, Leave the prof alone. He’s good value.
Maelstrom,
Exactly! Thats why I’m a member. Fly is a 32 year old freak of nature. Kind of a stock market creature if you will.
Go Jayhawks.
TXN about to go +
I didn’t buy yet. I will make a list for next week on the weekend. Markets tend to trash on Fridays and Mondays. Remember this is only a primary trend subject to fuck up at any time also could go up like a rocket for no good reason. FLY may not use stops but he hedges and trades the right amounts for the conditions. If you are new to trading IE less than 5 years use stops. The FLY is a seasoned PRO with a great feel for the market.
MGM’s 13.5 billion project could go into chap 11 this weekend. Shit a brick… that used to be a lot of mullah. I bet it would be worth $6 Billion now.
GS not acting too bad.
Watch it for a turnaround in the XLF.
Also buying homies etf ITB on a dip.
The Prof is almost as nice as mrkcbill. Leave him alone.
Jed works for Liberty Tax Service on sunny days.
Yea, Jed…. The site needs the prof to add a little intellectual pizazz here. We’re lucky to have him in this miscreant neighborhood.
My Shorts initiated yesterday on GS and MS are working well. Watching them closely and may take some profits if we get the late day market fuckery
great call on pcr yesterday yea lets buy when the markets up 20% in 2 weeks you fukin moron
what a fuckin jackass
Moe
You really hate Goldman’s don’t you?:
Common sense:
He bought 2,000 shares, you fucking idiot. He’s down 2 G for the day. Whoope doo.
We are extremely lucky there is so much fear, panic and irrational behaviour in the market…how so? The German Finance Minister fucked the EUR by 300bps (may have changed since I last looked) with comments about its viability…little risk of the USD not being the world reserve currency for now even though it is a mess…the day the USD is no longer the world’s reserve currency it’ll be sphincter ripping time…
Holy crap consumer spending is up 2nd month in a row. Wait if unemployment is up, holy shit that means people without jobs are buying shit on their credit cards. Hey if i didnt have a job and i was bored I would be chargin that shit up too. Nevertheless, consumers without jobs arent going to prioritize their credit card bills. what a hoax
I feel for the fuckers in Fargo ND right now….cold as shit, flood waters, a combination that is terrible, cold and wet and homeless, there are very few situations that could be worse.
thanks for the support, guys.
was thinking of covering my last 6 eminis here, but will instead tighten my stops and see what happens.
by the way, Jake, I’m a lefty, not a democrat, there’s a big difference, but appreciate your support.
all proceeds today (less than 5k) go to international medical corps.
KRE (regional bank etf) could be a daytrade winner today.
PNC,WFC
He’s worried about Greece, ET. the freaking greeks could very well default by next winter. The place is truly fucked up.. the reds are out on the street and the government is in a panic and borrowing like crazy trying to holding things together. Meanwhile the Germans don’t want to bail the shit hole out.
Europe’s problem is that it wages market is very inflexible and it needs a big devaluation through monetary easing however the ECB acts as like it can’t see the wood for the trees.
@IntuitiveTrade i look for S and p to fill oct 2008 gap at 105 by July $$about 4 hours ago from TweetDeck in reply to IntuitiveTrade
I think opportunity is rising to short China again…what do I mean? They are stockpiling commodities like mad, but commodities traders and other “smart market participants” appear to be reading the demand signals all wrong. China in a very short period of time stockpiled a months worth of oil and they are currently buying copper, which I think is stockpiling rather than demand for production (I know call me captain obvious)…I know this is no great epiphany, but it is worth noting as at some point they won’t buy more…
Drugged K:
What language is that?
j
Yes I hate Goldman. Mostly because of the bullshit ties they have in the government, and also their failure to be truthful and open with their CDS exposure. Being made whole on their CDS with AIG ( taxpayer money) pisses me off. If you and I bought an insurance contract and the contract writer went belly up we would never get paid
Goldman and its club completely manipulate the markets through lobbying and political bullshit
Artist..its true that combination sucks..however i must say North Dakota sucks goats scrotum as well…fucking barren iced tundra 80% of time..fuck that..i will take sout florida and the keys…
DHI,RYL on the homies.
Bottom line here.
Daytrading KRE, ITB.
Staying away from SMH.
ARST — Wow!!
SFLY 10 is a comin
BTIM buy this and die
DVAX do not buy this
carry on.
SFLY legit.
So is Henry.
No Fool.
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